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Cable Update (GBPUSD)

  • #352,261
  • Nov 7, 2013 8:31am Nov 7, 2013 8:31am
Quoting PipsMaster23
Totally missed out on the EURUSD short but managed to get in short on GBPUSD at 1.6065, my 1st TP target is 1.5975 and 1.59 in extension, will leave my SL at 1.6125 till we get under 1.60 and then will put it at BE +15 pips. Green pips to all!
good scenario
  • #352,262
  • Nov 7, 2013 8:32am Nov 7, 2013 8:32am
Quoting PipTrapper
{quote} Oh I sure it will come around... as long as it does it before my stops are tripped below 1.1200
some nice rejection wicks on m30 but i'm looking long term on this one. Monthly is showing a nice clean cluster building which if it breaks north will form a strong demand base (in my view). This current phase looks like accumulation to me. Slight concerns we didn't make a new high during it.... we shall see.
  • #352,263
  • Nov 7, 2013 8:33am Nov 7, 2013 8:33am
Quoting iNSIELD
boy there must be some serious stops @ 1.6
Good day to you, sir

Those were cleared. Next long stops of any volume @ 1.5940 and 1.5920 with the ultimate "motherload" of long stops @ 1.5880.

What interests me is the short stops - 1.6200 with the "motherload" @ 1.6250

Regards
  • #352,264
  • Nov 7, 2013 8:37am Nov 7, 2013 8:37am
Quoting TauTrader
{quote} Good day to you, sir Those were cleared. Next long stops of any volume @ 1.5940 and 1.5920 with the ultimate "motherload" of long stops @ 1.5880. What interests me is the short stops - 1.6200 with the "motherload" @ 1.6250 Regards
Did ur broker hit 1.6 the low for me is 1.60091
  • #352,265
  • Nov 7, 2013 8:39am Nov 7, 2013 8:39am
Quoting iNSIELD
{quote} Did ur broker hit 1.6 the low for me is 1.60091
Sir, My apology

Stops were @ 1.6010 - therefor my posts to want a close above this number today. We now are open to the bottom

Sorry bout that

Regards
  • #352,266
  • Nov 7, 2013 8:48am Nov 7, 2013 8:48am
Quoting TauTrader
{quote} Sir, My apology Stops were @ 1.6010 - therefor my posts to want a close above this number today. We now are open to the bottom Sorry bout that Regards
ur saying the GBP has bottomed here?
  • #352,267
  • Nov 7, 2013 8:59am Nov 7, 2013 8:59am
break maybe tomorrow /tonight
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,268
  • Nov 7, 2013 9:01am Nov 7, 2013 9:01am
what lol


Quoting TauTrader
{quote} Good day to you, sir Those were cleared. Next long stops of any volume @ 1.5940 and 1.5920 with the ultimate "motherload" of long stops @ 1.5880. What interests me is the short stops - 1.6200 with the "motherload" @ 1.6250 Regards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,269
  • Nov 7, 2013 9:04am Nov 7, 2013 9:04am
Quoting iNSIELD
{quote} ur saying the GBP has bottomed here?
Sir,

Just working on a system. I do have a long scalp signal on daily. They work majority of the time. Some fail..

We will have to see a confirmed signal - this will only show itself at midnight my time - still 7 hrs to go. But if we close above 1.6010 - it will most likely sit. Probability (history) shows that a drop bar on signal formation day( like today) - has resulted in a strong counter move over the next 1/2/3 days.

This is the plan thus.

Bottoming out here? Not sure - but likely

All the best
  • #352,270
  • Nov 7, 2013 9:05am Nov 7, 2013 9:05am
3 soldiers would be great false
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,271
  • Nov 7, 2013 9:06am Nov 7, 2013 9:06am
Great trading conditions ,really gbp jpy ,in interesting location

Quoting TauTrader
{quote} Sir, Just working on a system. I do have a long scalp signal on daily. They work majority of the time. Some fail.. We will have to see a confirmed signal - this will only show itself at midnight my time - still 7 hrs to go. But if we close above 1.6010 - it will most likely sit. Probability (history) shows that a drop bar on signal formation day( like today) - has resulted in a strong counter move over the next 1/2/3 days. This is the plan thus. Bottoming out here? Not sure - but likely All the best
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,272
  • Nov 7, 2013 9:08am Nov 7, 2013 9:08am
Quoting e061578
I was waiting for a setup to form in GU, and finally today it happened. GU changed to the downside last week after my weekly analysis pointed me to the down side with established Fibo levels you will notice on the screenshot. After a break of a trendline in the 1hr chart at 9:00CT, I quickly calculated some TP levels out of a fibo arbitrage method I use and the green lines that u see are the levels, the gray ones are weekly levels of support. I would love if GU just goes straight down to 1.5918, but since I don't know then I will be taking profit...
Yesterday I posted this scenario on GU.. Price just went straight down to 182% support (my fibo level as explained in prev posts) at 1.6010 TO THE PIP! and is using it as support now, with possibly 138.2% at 1.6026 as resistance to keep pushing down!
I predicted this lines YESTERDAY. I don't know about you but I'm proud of my analysis. Good Trade!! Here's the screenshot as of now! FOR YOUR ENJOYMENT! Moved stop loss to break even for free trade and took some profit in case I'm wrong. Looking for 1.5918 23.6% Fibo weekly analysis!
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  • #352,273
  • Nov 7, 2013 9:08am Nov 7, 2013 9:08am
Quoting Bones
what lol {quote}
Sir, Bones

I understand..

Current situation well within my risk. Risk was posted.

Just trying to make some pips.

If this fails - you may lol .

If it plays out - we can all lol.

I do not have your skill set. I'm a bad trader.

Friends?

Regards
  • #352,274
  • Nov 7, 2013 9:11am Nov 7, 2013 9:11am
Yestedays post is in page 17607 if you want to look and compare!
  • #352,275
  • Nov 7, 2013 9:14am Nov 7, 2013 9:14am
Quoting moreno
need help and advice {image}
Don't open another position until first position isn't in profit, use stoploss, risk 2-5% of your money / position.
  • #352,276
  • Nov 7, 2013 9:14am Nov 7, 2013 9:14am
Quoting PipTrapper
{quote} I've been short for a while already. I have 4 shorts averaging out to 1692. Waiting for the waterfall that will happen when the Fed starts hinting at taper again

I had a big short at 1770.88, I will be keeping that running a long time me thinks.
  • #352,277
  • Nov 7, 2013 9:24am Nov 7, 2013 9:24am
Quoting Pumpndump
{quote} I had a big short at 1770.88, I will be keeping that running a long time me thinks.
I was looking to nudge my average up to 1708 by adding another short at 1780, but price never made it that high. Missed by $1.90
Those who say it cannot be done should not interrupt those who are doing it
  • #352,278
  • Nov 7, 2013 9:27am Nov 7, 2013 9:27am
Quoting Bones
3 soldiers would be great false {image}
Can i ask what's the xxxLFX symbol? I've seen you post charts for it a few times and not sure what it is/how to use it.... any references/links/explanations much appreciated.
  • #352,279
  • Nov 7, 2013 9:27am Nov 7, 2013 9:27am
Chances are we will see higher still? I mean the chances I've caught the top are almost 0. I'm certain you will get in at that price
  • #352,280
  • Nov 7, 2013 9:29am Nov 7, 2013 9:29am
i wanna share a good headshot. i am waiting more down movement.

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