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Cable Update (GBPUSD)

  • #356,581
  • Dec 20, 2013 6:15am Dec 20, 2013 6:15am
Good day to you,

This is my last trade for the year. I think. Want to scalp long GU on the 30 min.

Indicator based.

Wish you all a wonderful festive season and a well deserved rest.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 85 KB
  • #356,582
  • Dec 20, 2013 6:30am Dec 20, 2013 6:30am
Quoting TauTrader
Good day to you, This is my last trade for the year. I think. Want to scalp long GU on the 30 min. Indicator based. Wish you all a wonderful festive season and a well deserved rest. All the best {image}

whats the function of tau lagging helper thingy2?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,583
  • Dec 20, 2013 6:41am Dec 20, 2013 6:41am
Whats going on with the Cable, isnt it supposed to break to the downside already ?
  • #356,584
  • Dec 20, 2013 6:45am Dec 20, 2013 6:45am
Quoting IveGotQuads
Whats going on with the Cable, isnt it supposed to break to the downside already ?

for u maybe...for me...still waiting divergence weekly
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,585
  • Dec 20, 2013 6:46am Dec 20, 2013 6:46am
I think the next push down to around 34/30 may well give a very good long opportunity, but it must come down - depends how price reacts.
  • #356,586
  • Dec 20, 2013 6:49am Dec 20, 2013 6:49am
Quoting ud1nh0
{quote} whats the function of tau lagging helper thingy2?
Good day to you, sir

It works in conjunction with another indicator along the same lines.. There are 4 developed so far. The below chart will explain. I just did not have them all up when I posted the chart. See notes:

When the upper indicator shows an extension and it is not also indicated on the Tau lagging helper thingly2, and we get a breach of the upper band - it is a high probability short.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 95 KB
  • #356,587
  • Dec 20, 2013 6:56am Dec 20, 2013 6:56am
GU M15

Stuffed, cooked and this turkey is ready to drop out of the oven ...
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 35 KB
  • #356,588
  • Dec 20, 2013 7:18am Dec 20, 2013 7:18am
finger on the short button otherwise is eat my words for christmasssssssssss
  • #356,589
  • Dec 20, 2013 7:22am Dec 20, 2013 7:22am
i will go on the gym to keep the fingers off , in the lap of the big boys good luck you bears
  • #356,590
  • Dec 20, 2013 7:38am Dec 20, 2013 7:38am
GDP grow 2.5% to 4.1%... Pretty good data.
  • #356,591
  • Dec 20, 2013 7:44am Dec 20, 2013 7:44am
6319 is a strong support on 1H - I'm singing let it be to see 6300.
  • #356,592
  • Dec 20, 2013 7:44am Dec 20, 2013 7:44am
Closed earlier long for a few. Entered long again here @ 1.6324

Regards
  • #356,593
  • Dec 20, 2013 7:45am Dec 20, 2013 7:45am
Quoting TauTrader
{quote} Good day to you, sir It works in conjunction with another indicator along the same lines.. There are 4 developed so far. The below chart will explain. I just did not have them all up when I posted the chart. See notes: When the upper indicator shows an extension and it is not also indicated on the Tau lagging helper thingly2, and we get a breach of the upper band - it is a high probability short. All the best {image}

I have to hand it to you TT, you have some of the strangest looking indicators I have seen.
  • #356,594
  • Dec 20, 2013 7:54am Dec 20, 2013 7:54am
Quoting JimmyC
A closed mouth, gathers no foot... GU 4H {image}
Not an express train but still valid
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 26 KB
  • #356,595
  • Dec 20, 2013 8:06am Dec 20, 2013 8:06am
Quoting squawk
{quote} I have to hand it to you TT, you have some of the strangest looking indicators I have seen.



I know, Sir.. But hey, they seem to work quite well.

Still early days though

All success!
  • #356,596
  • Dec 20, 2013 8:25am Dec 20, 2013 8:25am
Quoting TauTrader
{quote} I know, Sir.. But hey, they seem to work quite well. Still early days though All success!

Strange is good and they are working well for you
  • #356,597
  • Dec 20, 2013 8:51am Dec 20, 2013 8:51am
must be time to add more shorts
  • #356,598
  • Dec 20, 2013 9:10am Dec 20, 2013 9:10am
Quoting JimmyC
{quote} Not an express train but still valid {image}
Same thing I was asking like hrs ago
  • #356,599
  • Dec 20, 2013 9:13am Dec 20, 2013 9:13am
Quoting TauTrader
Closed earlier long for a few. Entered long again here @ 1.6324 Regards
Good day,

Closing the long here.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 85 KB
  • #356,600
  • Dec 20, 2013 9:42am Dec 20, 2013 9:42am
UK Current account far worse than the estimate.

Previous revisions show false figures released - The stats office somehow managed to miscalculate by 6.3bn

UK borrowing higher than expected.

But here we are with a rising GBP in the US session.

Stop hunting perhaps?

The strong GBP will undoubtedly have an adverse effect on the exports, yet the UK government seems quite happy to allow it to appreciate.

hmmmm
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