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Cable Update (GBPUSD)

  • #353,101
  • Nov 13, 2013 4:48pm Nov 13, 2013 4:48pm
Quoting iqyu5an
gonna review my long on 604x/7x range {quote}
Partial profit taking per 100 pip ....done . Trading is fun ...
not euphoria follower
  • #353,102
  • Nov 13, 2013 4:55pm Nov 13, 2013 4:55pm
cable short, geppy short, audjpy short.... gonna try this
  • #353,103
  • Nov 13, 2013 5:00pm Nov 13, 2013 5:00pm
Quoting Tiyaga
cable short, geppy short, audjpy short.... gonna try this
I tried this... Long at 10564
Attached Image (click to enlarge)
Click to Enlarge Name: usdollardaily.png Size: 78 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #353,104
  • Nov 13, 2013 5:04pm Nov 13, 2013 5:04pm
Quoting PipTrapper
{quote} I tried this... Long at 10564 {image}
for me, its short.
  • #353,105
  • Nov 13, 2013 5:13pm Nov 13, 2013 5:13pm
Quoting Tiyaga
{quote} for me, its short.
So you are short cable and you are also short USD?
Those who say it cannot be done should not interrupt those who are doing it
  • #353,106
  • Nov 13, 2013 5:17pm Nov 13, 2013 5:17pm
Quoting PipTrapper
{quote} So you are short cable and you are also short USD?
long in usdollar index
  • #353,107
  • Nov 13, 2013 5:19pm Nov 13, 2013 5:19pm
Quoting Tiyaga
{quote} long in usdollar index
Okay coz you said you went short.

Quoting Tiyaga
{quote} for me, its short.
Those who say it cannot be done should not interrupt those who are doing it
  • #353,108
  • Nov 13, 2013 5:21pm Nov 13, 2013 5:21pm
cable and usd index
Attached Image (click to enlarge)
Click to Enlarge Name: cable index.png Size: 88 KB
  • #353,109
  • Nov 13, 2013 5:23pm Nov 13, 2013 5:23pm
Quoting PipTrapper
{quote} Okay coz you said you went short. {quote}
i though it was cable chart..
  • #353,110
  • Nov 13, 2013 5:26pm Nov 13, 2013 5:26pm
Quoting Tiyaga
{quote} i though it was cable chart..
Those who say it cannot be done should not interrupt those who are doing it
  • #353,111
  • Nov 13, 2013 5:49pm Nov 13, 2013 5:49pm
geppy will give signal i think
  • #353,112
  • Nov 13, 2013 5:50pm Nov 13, 2013 5:50pm
I believe there will be a pull back to 1.6027 on 15 mins time frame, then a side way movement. Possible a break to the downside, any views?
  • #353,113
  • Nov 13, 2013 5:57pm Nov 13, 2013 5:57pm
Last 5 wave impulse that is wave 5 is still due in USDX. The meaning of 5 wave up in USDX is 5 wave down or wave c of cable. I think cable is in wave b and soon wave c will take us to 1.5570-80 area.

Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 119 KB
Never test the depth of water with both feet.
  • #353,114
  • Nov 13, 2013 6:02pm Nov 13, 2013 6:02pm
Quoting Baggi
Hello JimmyC! As far as charts are concerned, what I'm seeing is a triple bottom (And gap fill) and a double top. {image} Seems to me we are trading in a range right now.
dont bottoms happen.... at bottoms?
  • #353,115
  • Nov 13, 2013 6:05pm Nov 13, 2013 6:05pm
Quoting Baggi
Hello JimmyC! As far as charts are concerned, what I'm seeing is a triple bottom (And gap fill) and a double top. {image} Seems to me we are trading in a range right now.
I see this chart me too, and I see the 3rd bottom was a bit lower than others.
I can't decide now, but I will short at 1.62 if I see a bit weakness there. In 1 week?
I want to buy PATIENCE
  • #353,116
  • Nov 13, 2013 6:10pm Nov 13, 2013 6:10pm
Quoting aBitWonKy
{quote} dont bottoms happen.... at bottoms?

They sure do!

And tops happen at tops.
  • #353,117
  • Nov 13, 2013 6:32pm Nov 13, 2013 6:32pm
Quoting matheszabi
{quote} I see this chart me too, and I see the 3rd bottom was a bit lower than others. I can't decide now, but I will short at 1.62 if I see a bit weakness there. In 1 week?
then they are not bottoms, they are lower lows. And they're not at the bottom. Other than that, spot on.
  • #353,118
  • Nov 13, 2013 6:49pm Nov 13, 2013 6:49pm
Quoting aBitWonKy
{quote} then they are not bottoms, they are lower lows. And they're not at the bottom. Other than that, spot on.

For you then, there is only one top and one bottom?

The top being 2.1150 and the bottom being around 1.3637?
  • #353,119
  • Nov 13, 2013 7:20pm Nov 13, 2013 7:20pm
Quoting Baggi
{quote} For you then, there is only one top and one bottom? The top being 2.1150 and the bottom being around 1.3637?
to make a triple bottom you have to come DOWN first (anywhere in the market will do as timeframes give height a relative quality). It signifies rejection of a price following a down move. Reverse it for up moves and substitute the word bottom for top.
But you already knew that right?
  • #353,120
  • Nov 13, 2013 7:22pm Nov 13, 2013 7:22pm
Jus hold your shorts.... Right tiyaga
Pecuniae obediunt omnia
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