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Cable Update (GBPUSD)

  • #356,221
  • Dec 17, 2013 6:11am Dec 17, 2013 6:11am
Trade closed.Swing(9.16-11.27) area is maybe a good support.
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  • #356,222
  • Dec 17, 2013 6:22am Dec 17, 2013 6:22am
Quoting TauTrader
{quote} Sir, For me, there is a reasonably expected pip value coupled with each time frame. One could expect 10 pips on the 5 min or 15-20 pips on the 15 min or then 30 to 40 pips on the 1hr. ( just an example). Higher time frames would thus carry more weight in terms of pip value. One would obviously like to gain the most possible pips from a trade. So - higher time frame "signals" would be the preferred ones. BUT - on it's way to form, one can look at the next lower time frame. If one has a sell signal on 4hr and then we form a sell signal on...
Thank you for sharing your amateurish opinion on my amateurish question. It makes sense at least for me. Need to take my own decision and to not deviate from it : scalping lower time frame or trading higher tf wich can take several days before giving results. My live experience is that ltf gives (at the end of day, weeks) more pips but is more stressfull and htf gives an unvaluable peace of mind but less pips.

Sucess to you too.
Don't be smart. Be rich.
  • #356,223
  • Dec 17, 2013 6:35am Dec 17, 2013 6:35am
Quoting maximinus
{quote} Thank you for sharing your amateurish opinion on my amateurish question. It makes sense at least for me. Need to take my own decision and to not deviate from it : scalping lower time frame or trading higher tf wich can take several days before giving results. My live experience is that ltf gives (at the end of day, weeks) more pips but is more stressfull and htf gives an unvaluable peace of mind but less pips. Sucess to you too.
Sir Max,

Do not sell yourself short. Ever..

You are right. More pips on lower time frame - but effort. More spread to be paid. More focus..

BUT - if rules are defined - quicker exits when wrong too..

Wish you all the best
  • #356,224
  • Dec 17, 2013 6:45am Dec 17, 2013 6:45am
Quoting TauTrader
{quote} Sir Max, Do not sell yourself short. Ever.. You are right. More pips on lower time frame - but effort. More spread to be paid. More focus.. BUT - if rules are defined - quicker exits when wrong too.. Wish you all the best
Thank You. Want to share this with you and others.

Inserted Video
Don't be smart. Be rich.
  • #356,225
  • Dec 17, 2013 6:49am Dec 17, 2013 6:49am
Quoting istanbul
GBP/USD DAILY CHART ELIOT ANALYSIS It is on the top of "FIFTH WAVE" After that we may see a sudden drop to the 1.5480 {image}
hello David, u may want to be a bit more discrete
  • #356,226
  • Dec 17, 2013 6:52am Dec 17, 2013 6:52am
Quoting ud1nh0
{quote} david sayli detected
and eliminated by the looks of it.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,227
  • Dec 17, 2013 7:09am Dec 17, 2013 7:09am
Quoting PipTrapper
{quote} and eliminated by the looks of it.
that was quick!
  • #356,228
  • Dec 17, 2013 7:43am Dec 17, 2013 7:43am
Still have a short stop cluster @ 1.6380/1.6390 - 25% of all stops sitting in that area. Not saying we are going there - but at almost 10 to 1 positions still short on GU - we may go higher first. All moves in a Zig Zag formation - lowest in my opinion for now - will be 1.6250/40 - then back up.

Holding a lot of added longs here -

Will see

Regards
  • #356,229
  • Dec 17, 2013 8:19am Dec 17, 2013 8:19am
No - this is all bear trap. I know we are close to turning down - but this is a fakey.

Regards
  • #356,230
  • Dec 17, 2013 8:35am Dec 17, 2013 8:35am
Quoting TauTrader
No - this is all bear trap. I know we are close to turning down - but this is a fakey. Regards
I think we will see 6100 before continuation. When we see it depends on taper or not. Then, 1.6565 will be my upside target.
However, I will not rule out 1.55/1.57 area as a downside extension. It all depends on size of taper (if we get one).
Those who say it cannot be done should not interrupt those who are doing it
  • #356,231
  • Dec 17, 2013 8:35am Dec 17, 2013 8:35am
Quoting TauTrader
No - this is all bear trap. I know we are close to turning down - but this is a fakey. Regards

i thought u give up on 1.65?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,232
  • Dec 17, 2013 8:38am Dec 17, 2013 8:38am
Quoting PipTrapper
{quote} and eliminated by the looks of it.

fast n furious
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,233
  • Dec 17, 2013 8:39am Dec 17, 2013 8:39am
Market makers very slowly dropping short positions by hitting back the GU up. They are very very slowlly going down. If u looking at chart from monday it looks like we are not going down but we do. Market maker will try to hit back to 6350- 6370 tomorow after Bernanke speech. Who knows what will be but the fear is so big cause all those october, november, december market maker fcuk the traders in the side corrections 6260-5855. And after hit 6469. That killed a lot of traders who shorted at 6300. Now very the same we are at 6300 and bloody market makers comes again.
  • #356,234
  • Dec 17, 2013 8:43am Dec 17, 2013 8:43am
While crowd of traders will hunt for easy money by shorting till the market maker will hunt the traders to long GU. I can say even if FED will taper the market maker again can turn GU up to 6500. So its hard to play in such conditions. Thats the core and main idea of market maker. He knows the rules he knows how crowd is thinking and always act oposite.
  • #356,235
  • Dec 17, 2013 8:55am Dec 17, 2013 8:55am
Quoting ud1nh0
{quote} i thought u give up on 1.65?
Sir,

Following stops as a tool. Currently, not a lot to the downside to take out. 1.6330 will do. just fine.

Just posting the numbers..

I did give up on 1.6500 / 1.6550
  • #356,236
  • Dec 17, 2013 9:01am Dec 17, 2013 9:01am
I favor more downside. After retest of resis seems to want to go down more short term.
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  • #356,237
  • Dec 17, 2013 9:21am Dec 17, 2013 9:21am
and there we go bb all the way down, for the cable bulls some nice pips are to be made in retracements.

longing big right now to 1.6250 with tight stop loss at 1.6210
  • #356,238
  • Dec 17, 2013 9:25am Dec 17, 2013 9:25am
Quoting Fx-gtg
{quote} i want more pips.
+200 pips took some
atm 1.6226
  • #356,239
  • Dec 17, 2013 9:44am Dec 17, 2013 9:44am
Quoting Keyser_Soze
h1 {image}
Nice trade there off the 6223 zone.

GU has been money today
Money Talks, Bullshit Walks
  • #356,240
  • Dec 17, 2013 9:55am Dec 17, 2013 9:55am
what does the japanese know that we dont, look like this big action is made in "japan". ""yen pairs go wild...
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