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Cable Update (GBPUSD)

  • #352,721
  • Edited 10:45pm Nov 11, 2013 10:43pm | Edited 10:45pm
Howzit GU!

Below 1.6, range boxes... But today will be very interesting after data.

We'll see after news

Have a great day!



G/L
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1H.png Size: 23 KB
  • #352,722
  • Nov 11, 2013 10:47pm Nov 11, 2013 10:47pm
What just happened?
  • #352,723
  • Nov 11, 2013 10:57pm Nov 11, 2013 10:57pm
Quoting Baggi
What just happened?
I entered my short on expectations data will miss, sorry
  • #352,724
  • Nov 11, 2013 10:59pm Nov 11, 2013 10:59pm
Quoting JimmyC
{quote} I entered my short on expectations data will miss, sorry

Don't be sorry, I want to see this go down. I'm just trying to figure out when to add to my position.
  • #352,725
  • Nov 11, 2013 11:07pm Nov 11, 2013 11:07pm
On my charts, assuming my EMA is set correctly, it seems to keep bouncing off of the 200 day moving average.
  • #352,726
  • Nov 11, 2013 11:11pm Nov 11, 2013 11:11pm
Quoting Baggi
{quote} Don't be sorry, I want to see this go down. I'm just trying to figure out when to add to my position.
Wait for confirmation of this support breaking, it could still be a false break as volumes are quite low. Personally I would wait for the data release and then sell again if it a miss.
  • #352,727
  • Nov 11, 2013 11:24pm Nov 11, 2013 11:24pm
Quoting JimmyC
{quote} I entered my short on expectations data will miss, sorry

I am not even bothering with my shorts. My TP is 1.55 and I am positive PA will get there before Years end.
Fundamentally as long as Euro Zone is in stagnate economical level not expected to grow much until 2017 I don't see a "recovery" for UK
2 economies are very much correlated.
Carney Goldman Sachs's spin doctor(worked 13yrs at GS) can say whatever but I severely distrust him.He is speaking coming Weds.
In trading, you have to be defensive and aggressive at the same time
  • #352,728
  • Nov 11, 2013 11:28pm Nov 11, 2013 11:28pm
Another look at GU with pitchforks
Attached Image (click to enlarge)
Click to Enlarge Name: Pitchfork GU.png Size: 36 KB
  • #352,729
  • Nov 11, 2013 11:35pm Nov 11, 2013 11:35pm
Quoting Davit
{quote} I am not even bothering with my shorts. My TP is 1.55 and I am positive PA will get there before Years end. Fundamentally as long as Euro Zone is in stagnate economical level not expected to grow much until 2017 I don't see a "recovery" for UK 2 economies are very much correlated. Carney Goldman Sachs's spin doctor(worked 13yrs at GS) can say whatever but I severely distrust him.He is speaking coming Weds.
I also have a 1.55 target after 1.57
ps the institutional traders here use sma's not ema's
  • #352,730
  • Nov 11, 2013 11:45pm Nov 11, 2013 11:45pm
Quoting profitkeeper
Another look at GU with pitchforks {image}

  • #352,731
  • Nov 11, 2013 11:45pm Nov 11, 2013 11:45pm
Note bullish harami (unconfirmed till close of day) but definite gap up
  • #352,732
  • Nov 11, 2013 11:45pm Nov 11, 2013 11:45pm
Quoting JimmyC
{quote} I also have a 1.55 target after 1.57 ps the institutional traders here use sma's not ema's

Thank for the SMA tip.I will change it on my chart.
In trading, you have to be defensive and aggressive at the same time
  • #352,733
  • Nov 11, 2013 11:50pm Nov 11, 2013 11:50pm
there you go.. cmon just break
  • #352,734
  • Nov 11, 2013 11:54pm Nov 11, 2013 11:54pm
Newbie question.

How do I change to SMA in MT4?
  • #352,735
  • Nov 11, 2013 11:57pm Nov 11, 2013 11:57pm
get bored to hold this b*tch
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4getbored.png Size: 35 KB
not euphoria follower
  • #352,736
  • Nov 12, 2013 12:01am Nov 12, 2013 12:01am
Quoting Baggi
Newbie question. How do I change to SMA in MT4?

Baggi click on your moving average and click Edit, pop up box
Its under MA method:choose simple
In trading, you have to be defensive and aggressive at the same time
  • #352,737
  • Nov 12, 2013 12:04am Nov 12, 2013 12:04am
For one hour chart it should be 1200, next to period?
  • #352,738
  • Nov 12, 2013 12:07am Nov 12, 2013 12:07am
Quoting Baggi
For one hour chart it should be 1200, next to period?

I choose 200SMA on all time frame.I use it on daily and weekly predominately, mostly to get an idea where institutional Traders are.They often use 200MA as floating S/R
To me smaller then daily becomes irrelevant.
For example on weekly its right on major S/R confluence zone 1.57
I do anticipate limit institutional buys waiting there.We always have to be aware that Big players move the market and not retail.Anticipating their positions are helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.weekly.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #352,739
  • Nov 12, 2013 12:13am Nov 12, 2013 12:13am
wtf*ck


Quoting iqyu5an
get bored to hold this b*tch {image}
Attached Image
not euphoria follower
  • #352,740
  • Nov 12, 2013 12:19am Nov 12, 2013 12:19am
Quoting iqyu5an
get bored to hold this b*tch {image}

all this time u have been posting long scenero but yur short?? why
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