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Cable Update (GBPUSD)

  • #354,021
  • Nov 22, 2013 6:40am Nov 22, 2013 6:40am
Quoting lumesh
{quote} technically, there's nothing in the way for cable to break 6250. If fundamentals don't work then it's all a wild guess. Euro rallying like there's no tomorrow despite the taper fear and possible further cuts in whatever ECB rates all the way down to future adopting QE.
The short side is obviously way too crowded. It's almost a given that their stops are being targeted. Now ask yourself where those stops are likely to be.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,022
  • Nov 22, 2013 6:45am Nov 22, 2013 6:45am
Quoting PipTrapper
{quote} The short side is obviously way too crowded. It's almost a given that their stops are being targeted. Now ask yourself where those stops are likely to be.
Good day to you, sir

a snapshot. Short stops all the way - pick your price.. not a lot going on in terms of buy stops at this time.. Shorts vs longs 10:1

Regards
Attached Image
  • #354,023
  • Nov 22, 2013 6:46am Nov 22, 2013 6:46am
Quoting TauTrader
{quote} Good day to you, sir a snapshot Regards {image}
Can i ask from where is this snapshot?

Thanks
  • #354,024
  • Nov 22, 2013 6:49am Nov 22, 2013 6:49am
Quoting PipTrapper
{quote} The short side is obviously way too crowded. It's almost a given that their stops are being targeted. Now ask yourself where those stops are likely to be.
i agree.

Though breaking Wednesday's high has let the fart out of many shorts. Now there SHOULD be tougher time for cable to chew trough all the supply from here to 6250 without creating a base (a correction) at first.
  • #354,025
  • Nov 22, 2013 6:49am Nov 22, 2013 6:49am
Quoting TauTrader
{quote} Good day to you, sir a snapshot. Short stops all the way - pick your price.. not a lot going on in terms of buy stops at this time.. Shorts vs longs 10:1 Regards {image}
1.6250 is heaviest so we'll probably see that today.
Time will tell.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,026
  • Nov 22, 2013 6:51am Nov 22, 2013 6:51am
Quoting TauTrader
{quote} Good day to you, sir a snapshot. Short stops all the way - pick your price.. not a lot going on in terms of buy stops at this time.. Shorts vs longs 10:1 Regards {image}

wow...nice pic.

is the source credible ?
  • #354,027
  • Nov 22, 2013 6:56am Nov 22, 2013 6:56am
Quoting lumesh
{quote} i agree. Though breaking Wednesday's high has let the fart out of many shorts. Now there SHOULD be tougher time for cable to chew trough all the supply from here to 6250 without creating a base (a correction) at first.
True on the supply, but you are assuming it is still heavy.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,028
  • Nov 22, 2013 7:09am Nov 22, 2013 7:09am
been long from 1.598, its been a good ride.

putting a tactical short (3 times size of current position) at 1.6280 .. nothing scientific about this number just expecting stop hunt from 1.6250 to spike to 1.6280..

Will look to enter strategic long again around 1.6240

good luck!
  • #354,029
  • Nov 22, 2013 7:20am Nov 22, 2013 7:20am
Quoting lumesh
{quote} wow...nice pic. is the source credible ?
Good day to you,

This is coming from a broker. Credible enough - in my opinion.

Regards
  • #354,030
  • Nov 22, 2013 7:23am Nov 22, 2013 7:23am
Quoting nAVIN2007
{quote} cable im not so concerned about even though thats the trade im in heavy but geppy is crazy bullish after yesterday..yes must remain calm!! plz stop calling me sir, sir
I will try my best my good man

It's always been my humble experience that when all is lost, the path seems obvious, and your arse starts to wobble that it all comes good

Best Regards
  • #354,031
  • Nov 22, 2013 7:26am Nov 22, 2013 7:26am
Quoting Pumpndump
{quote} I will try my best my good man It's always been my humble experience that when all is lost, the path seems obvious, and your arse starts to wobble that it all comes good Best Regards

so far we have nothing to worry about its still in the parameters of short..i will let u know when i think its a lot cause technically i still see short as the way
big picture needs to give way for my to think otherwise
  • #354,032
  • Nov 22, 2013 7:27am Nov 22, 2013 7:27am
Quoting chazzle
{quote} done {image}
congratulations. your setup seems to work fine. when i´m scalping, i prefer 1 minute time frame, but "your" 1,6196 was good for two little long scalps today - thanks
fortis fortuna adiuvat
  • #354,033
  • Nov 22, 2013 7:29am Nov 22, 2013 7:29am
Quoting chazzle
{quote} done {image}

nerves of steel
  • #354,034
  • Nov 22, 2013 7:32am Nov 22, 2013 7:32am
Quoting nAVIN2007
{quote} so far we have nothing to worry about its still in the parameters of short..i will let u know when i think its a lot cause technically i still see short as the way big picture needs to give way for my to think otherwise
I agree entirely with that Sir.

Now it's buffet time.

If there was ever a thing to make man forget about money it was good food and decent wine
  • #354,035
  • Nov 22, 2013 7:33am Nov 22, 2013 7:33am
Quoting nAVIN2007
{quote} nerves of steel
I wish - you don't know the half of it
  • #354,036
  • Nov 22, 2013 7:36am Nov 22, 2013 7:36am
Quoting TauTrader
{quote} Good day to you, This is coming from a broker. Credible enough - in my opinion. Regards

okay, thanks.

Is this a big broker ? do those numbers reflect lots or what is their measure ?
  • #354,037
  • Nov 22, 2013 7:41am Nov 22, 2013 7:41am
Quoting lumesh
{quote} okay, thanks. Is this a big broker ? do those numbers reflect lots or what is their measure ?
Good day, Sir

Positions. Irrespective of order size.

Regards
  • #354,038
  • Nov 22, 2013 7:43am Nov 22, 2013 7:43am
Quoting Pumpndump
{quote} I agree entirely with that Sir. Now it's buffet time. If there was ever a thing to make man forget about money it was good food and decent wine
yes enjoy..cheers!!
  • #354,039
  • Nov 22, 2013 7:46am Nov 22, 2013 7:46am
Quoting chazzle
{quote} I wish - you don't know the half of it

we all think this..
  • #354,040
  • Nov 22, 2013 7:49am Nov 22, 2013 7:49am
Quoting TauTrader
{quote} Good day, Sir Positions. Irrespective of order size. Regards

okay, thanks.
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