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Cable Update (GBPUSD)

  • #356,161
  • Dec 16, 2013 1:45am Dec 16, 2013 1:45am
Quoting JimmyC
GU 1H Monday? {image}

Bull Diamond reversal almost at target

GU 1H

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 20 KB


GU 4H

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 24 KB
  • #356,162
  • Dec 16, 2013 1:56am Dec 16, 2013 1:56am
What happens after a bull diamond reversal hits its target?

Back to the downtrend?
  • #356,163
  • Dec 16, 2013 2:13am Dec 16, 2013 2:13am
Quoting Baggi
What happens after a bull diamond reversal hits its target? Back to the downtrend?
Correct and short to support off channel down (I hope)

Entry 1.63185
Stop 1.63340
Limit 1.62570

GU 4H

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 24 KB
  • #356,164
  • Dec 16, 2013 2:15am Dec 16, 2013 2:15am
Expect price on this pair to go higher before it drops. 1.64ish is what I'm expecting.
  • #356,165
  • Dec 16, 2013 4:24am Dec 16, 2013 4:24am
Quoting Kanzler
Expect price on this pair to go higher before it drops. 1.64ish is what I'm expecting.
GU H4 GMT+3

Sl placed to BE 1.6290. If price can close above ~6325 rsistance add one more long.

Green pips!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 93 KB
Anything is math!
  • #356,166
  • Dec 16, 2013 4:34am Dec 16, 2013 4:34am
Happy Trading!

*$1.6458 Wednesday Dec11 high
*$1.6420/30 Medium offers/$1.6430 76.4% $1.6458-1.6340
*$1.6418 Dec12 high
*$1.6395/400 Medium offers
*$1.6380 Medium offers
*$1.6355/60 Medium offers ($1.6354/60 - 5 dma, 13 Dec high)
*$1.6320/40 Layered offers
*$1.6306 ***Current market rate 0636GMT Monday
*$1.6292/88 21 dma, Asia low
*$1.6280 Medium demand
*$1.6262 13 Dec low
*$1.6250 Strong demand
*$1.6240 Medium demand/Stops
*$1.6233 38.2% of $1.5855-1.6466
*$1.6220 Medium demand/Large stops
  • #356,167
  • Dec 16, 2013 4:37am Dec 16, 2013 4:37am
I just added an other long, because i can't sit on my hand and my invalidation point is so close and the RR very good!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 98 KB
Anything is math!
  • #356,168
  • Dec 16, 2013 5:46am Dec 16, 2013 5:46am
Quoting Kajos2250
I just added an other long, because i can't sit on my hand and my invalidation point is so close and the RR very good! {image}
I am of the opinion that a long might be fine for today.

No news to speak of and nothing major expected.

Moreover, the market is not in a habit of retracing as rapidly as it rises, unless something major occurs of course!
  • #356,169
  • Dec 16, 2013 6:04am Dec 16, 2013 6:04am
Quoting Chris Corben
{quote} I am of the opinion that a long might be fine for today. No news to speak of and nothing major expected. Moreover, the market is not in a habit of retracing as rapidly as it rises, unless something major occurs of course!
GU H1

I had to add again because near to invalidation (close under~6290), and retest of daily PP done...
Last 2 pos will be closed if price goes back to DPP...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 81 KB
Anything is math!
  • #356,170
  • Dec 16, 2013 7:32am Dec 16, 2013 7:32am
Where is everyone? Christmas break already? Is anyone shorting this baby?
  • #356,171
  • Dec 16, 2013 8:07am Dec 16, 2013 8:07am
GU H4 GMT+3

Indistinct close. Still holding every longs until close DPP...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 90 KB
Anything is math!
  • #356,172
  • Dec 16, 2013 8:14am Dec 16, 2013 8:14am
Quoting wasabeclaw
Where is everyone? Christmas break already? Is anyone shorting this baby?
Yes,

Did a quick scalp on 30 min chart earlier, after closing longs. Put purely based on my indicator. My concern is the blue area in the bottom indicator. Do not think this drop will last and we will probably only chop and move a little up again after a while.

But I am engaging in a long term Swissy trade LONG - and therefor also a long term EU trade short. So will leave GU alone for now.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 96 KB
  • #356,173
  • Dec 16, 2013 8:21am Dec 16, 2013 8:21am
Quoting TauTrader
{quote} Yes, Did a quick scalp on 30 min chart earlier, after closing longs. Put purely based on my indicator. My concern is the blue area in the bottom indicator. Do not think this drop will last and we will probably only chop and move a little up again after a while. But I am engaging in a long term Swissy trade LONG - and therefor also a long term EU trade short. So will leave GU alone for now. Regards {image}
Tau,

I was meant to ask you from previous entry, what is a repainter?
  • #356,174
  • Dec 16, 2013 8:33am Dec 16, 2013 8:33am
I think the yee har moment is near if it breaks the line(s)
  • #356,175
  • Dec 16, 2013 8:36am Dec 16, 2013 8:36am
one down one to go
  • #356,176
  • Dec 16, 2013 8:42am Dec 16, 2013 8:42am
Dóh Bulls are strong
  • #356,177
  • Dec 16, 2013 8:45am Dec 16, 2013 8:45am
Quoting wasabeclaw
{quote} Tau, I was meant to ask you from previous entry, what is a repainter?
Sir,

If you are asking if the entry worked on Friday - they all did. I'm now testing a longer term variation on the EU and SWISSY trades to see how the repainting part works as opposed the the non-repainting part. The repainting part is set a higher time frame and a slower calculation. The non-repainting part moves faster - so in theory, they should work well together for the purpose I want to use it.

But these are the first attempts on the 4hr - so will have to follow over the next few days to see how it behaves. Could backfire too...

All the best to you
  • #356,178
  • Dec 16, 2013 8:51am Dec 16, 2013 8:51am
second wave of bears
  • #356,179
  • Dec 16, 2013 9:10am Dec 16, 2013 9:10am
c'mon bear push
  • #356,180
  • Dec 16, 2013 9:15am Dec 16, 2013 9:15am
Careful for a short term bear trap..
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