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Cable Update (GBPUSD)

  • #355,981
  • Dec 11, 2013 1:10pm Dec 11, 2013 1:10pm
Quoting GlobalMacro
{quote} Market's overstretched.....hopefully it'll be leaving this trading range soon...
I spotted Cable at the train ticket booth. Not sure if he was buying Northbound, Southbound or Eastbound, but sure has a load on his back.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #355,982
  • Dec 11, 2013 1:13pm Dec 11, 2013 1:13pm
Quoting fxtyrant
Brilliant.... poor london desk guy missed it by 1 day.... this is why you never make any bold calls like having information about a london desk selling the GBP yesterday when the selling happened today instead. also.... still eyeing closely at the GBPUSD, this dip is starting to look like a chance to long. need confirmation though.
yep, as i suspected. it bounced... trend still bullish.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,983
  • Dec 11, 2013 1:27pm Dec 11, 2013 1:27pm
Got a signal to Long the EURAUD on an Uptrend (uptrend indicated by the Green colour looking MA). on the H4, with a highlighted rectangle to indicate a strong support broken and tested. this thing on EURAUD could fly to 1.55
Volatility indicate below also shows a pick u in volatility with the recent move up, suggesting implied buying power behind the EURAUD.
Attached Image (click to enlarge)
Click to Enlarge Name: 20131211.1925.gmt.euraud.h4.png Size: 42 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,984
  • Dec 11, 2013 1:37pm Dec 11, 2013 1:37pm
Quoting fxtyrant
{quote} yep, as i suspected. it bounced... trend still bullish.
hi fxtyrant,

as i can see, you started a new demoaccount. what das "THV Trading" mean?
fortis fortuna adiuvat
  • #355,985
  • Dec 11, 2013 1:44pm Dec 11, 2013 1:44pm
Quoting deltaone
{quote} hi fxtyrant, as i can see, you started a new demoaccount. what das "THV Trading" mean?
THV is a system developed by a member here called cobraforex, based on the idea from a senior member here called Turhovach, brilliant guy who devised a good strategy "THV strategy" which essentially is a nice tool for scalping 1m and 5m chart.
it has also been tested throughly for higher time frame trend trading. obviously the system is tweaked and optimized slightly for higher time frame trend trading.
have a look at it here.

http://www.forexfactory.com/showthread.php?t=127271
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,986
  • Dec 11, 2013 1:57pm Dec 11, 2013 1:57pm
Quoting fxtyrant
{quote} THV is a system developed by a member here called cobraforex, based on the idea from a senior member here called Turhovach, brilliant guy who devised a good strategy "THV strategy" which essentially is a nice tool for scalping 1m and 5m chart. it has also been tested throughly for higher time frame trend trading. obviously the system is tweaked and optimized slightly for higher time frame trend trading. have a look at it here. http://www.forexfactory.com/showthread.php?t=127271
thanks for your reply. too many infos for me at the moment, but i´ll have a closer look at this later. i´m a short-term-scalper (1m), too.
fortis fortuna adiuvat
  • #355,987
  • Dec 11, 2013 8:44pm Dec 11, 2013 8:44pm
Three four hour candles look like complete indecision and the current one is looking like it might form a hammer.
  • #355,988
  • Edited Dec 12, 2013 12:00am Dec 11, 2013 10:14pm | Edited Dec 12, 2013 12:00am
Im seeing negative divergence on the daily. although the asian session cant always be trusted...
  • #355,989
  • Dec 11, 2013 10:14pm Dec 11, 2013 10:14pm
Good day,

Still refining.. I could have a long confirmation on GU 1hr. I'm attempting this one. Will see how it behaves. School fees here.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 74 KB
  • #355,990
  • Dec 11, 2013 10:29pm Dec 11, 2013 10:29pm
Quoting TauTrader
Good day, Still refining.. I could have a long confirmation on GU 1hr. I'm attempting this one. Will see how it behaves. School fees here. Regards {image}
Morning Tau,

Believe you are right, though I enjoyed yesterday, I think respite is near over unless we plan to fall hard and catch loads of longs!, geppy cant solid break and hold under 167.7 which is not good.

Best Regards
  • #355,991
  • Dec 11, 2013 10:46pm Dec 11, 2013 10:46pm
Quoting Pumpndump
{quote} Morning Tau, Believe you are right, though I enjoyed yesterday, I think respite is near over unless we plan to fall hard and catch loads of longs!, geppy cant solid break and hold under 167.7 which is not good. Best Regards
Good day, sir

I can see some changes in the short and long stop scenario, stops have been moving down with price yesterday and although total positions have not changed much, the clusters of stops have moved lower. I therefor have less interest in 1.6500 now. I'm basically waiting for EU to reach 1.3840/1.3843 to make a decision on GU longer term.

But will attempt a few short term trades in the interim - just scalping for burger money.

All the best
  • #355,992
  • Dec 11, 2013 11:03pm Dec 11, 2013 11:03pm
Quoting TauTrader
Good day, Still refining.. I could have a long confirmation on GU 1hr. I'm attempting this one. Will see how it behaves. School fees here. Regards {image}

Tautrader,

Yourn channel looks interesting, what is it based on?

Regards,
  • #355,993
  • Dec 11, 2013 11:03pm Dec 11, 2013 11:03pm
Quoting TauTrader
{quote} Good day, sir I can see some changes in the short and long stop scenario, stops have been moving down with price yesterday and although total positions have not changed much, the clusters of stops have moved lower. I therefor have less interest in 1.6500 now. I'm basically waiting for EU to reach 1.3840/1.3843 to make a decision on GU longer term. But will attempt a few short term trades in the interim - just scalping for burger money. All the best
on THV trading side. GBPUSD and GBPJPY around these levels long enough is beginning to form the right conditions to go long soon, just waiting for the confirmation to pull the trigger though.
btw the EURAUD long trade i opened yesterday on a long signal is working perfectly, currently 60 pips in profit.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,994
  • Dec 11, 2013 11:13pm Dec 11, 2013 11:13pm
Quoting wasabeclaw
{quote} Tautrader, Yourn channel looks interesting, what is it based on? Regards,
Sir,

That is the old Triangular Moving average (TMA) - it is a repainter. I'ts on the chart because it is custom called into the bottom indicator with digital filters as reference. The bottom indicator therefor also repaints. But then I'm playing with regular moving average there - this does not repaint and then with RSI - which does not repaint.

I look at the RSI only.

You will find the TMA all over the place in 1000 variations. But it is a dangerous one to use as a signal tool. I would not recommend.

Regards
  • #355,995
  • Dec 11, 2013 11:15pm Dec 11, 2013 11:15pm
Quoting TauTrader
{quote} Sir, That is the old Triangular Moving average (TMA) - it is a repainter. I'ts on the chart because it is custom called into the bottom indicator with digital filters as reference. The bottom indicator therefor also repaints. But then I'm playing with regular moving average there - this does not repaint and then with RSI - which does not repaint. I look at the RSI only. You will find the TMA all over the place in 1000 variations. But it is a dangerous one to use as a signal tool. I would not recommend. Regards
Thanks
  • #355,996
  • Dec 11, 2013 11:18pm Dec 11, 2013 11:18pm
Quoting fxtyrant
{quote} on THV trading side. GBPUSD and GBPJPY around these levels long enough is beginning to form the right conditions to go long soon, just waiting for the confirmation to pull the trigger though. btw the EURAUD long trade i opened yesterday on a long signal is working perfectly, currently 60 pips in profit.
Sir,

Yip - I saw your EURAUD trade shaping nicely. That's good..

I hope you master the new set of tools well and grow from there. If one can only slightly tip the odds and learn to run for the hills in time, it makes things a little easier.

All success to you
  • #355,997
  • Edited Dec 12, 2013 12:00am Dec 11, 2013 11:44pm | Edited Dec 12, 2013 12:00am
Good morning! (this last day-11-12-13)
Pound dollar currency pair continues to shape the consolidation range from their highs. Growth pattern has not yet exhausted its potential. Momentum reduction does not have sufficient capacity to continue to develop the correction. Today assume a slight decrease in consolidation down . But the main scenario expect emission maximum price update overlapping level 1.6470 . And only after that we will consider a new impetus to reduce the formation of reversal pattern for a correction . The purpose of considering at 1.6160 .

http://www.roboforex.ru/files/filema...11.12.2013.png
  • #355,998
  • Edited 1:00am Dec 12, 2013 12:39am | Edited 1:00am
Good morning, THV trading came up with an opportunity to short the GBPNZD at 1.9750 today, ive opened a position, will monitor it over the few days afteer the RBNZ statement that came out today.
RBNZ sounding committed to raise interest rate as soon as Q1 2014, in hopes to curb inflation



Potentially a very rewarding trade given its high average trading range.
or very risky!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #355,999
  • Dec 12, 2013 1:27am Dec 12, 2013 1:27am
(FROM MaxiForex) 12-12-13 In response to yesterday's statement by a member of the Monetary Policy Committee of the Bank of England Will Martin that inflation expectations in the UK , as yet, is not essential and is likely a temporary nature , the market reacted to the sharp decrease in quotations British pound against the U.S. dollar . Besides, despairing of their tightening by the Bank of England monetary policy and appreciation , as a consequence , the national currency , the players began to record profits and closing a deal to buy a pair . As a result , during the Asian and European trading , the pound lost on the decline - more than 170 points , fixing the minimum level of the day at around 1.6339 . In the U.S. session , the "bulls" have tried to regain ground , but the long period of the previous growth and significant overbought , kept British \ dollar range downward movement.

In our current forecast assumes continuation and completion of corrective pullback pair price zone 1.6380 ÷ 1.64, and then , resuming the downward movement of the British currency to the price levels : 1.6340 , 1.63 , 1.6260 .
  • #356,000
  • Dec 12, 2013 1:31am Dec 12, 2013 1:31am
FROM RoboForex 12-12-13

http://www.roboforex.ru/files/filema...gbp_3_(18).png

Presumably, complete upward impulse [iii] of 1. If so, it is logical to expect a downward correction [iv] of 1.
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