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Cable Update (GBPUSD)

  • #357,481
  • Jan 7, 2014 2:48am Jan 7, 2014 2:48am
Quoting elbert3
{quote} i am short from 1.6473 sold of at 1.6372, back short 1.6421 then just shorted when you did thats why my sl is a bit higher than yours, target back 1.6375, then 6350 dont forget my disclaimer
No I went long @ 1.6386 was just wondering where your SL was.
  • #357,482
  • Jan 7, 2014 2:54am Jan 7, 2014 2:54am
Quoting IveGotQuads
{quote} No I went long @ 1.6386 was just wondering where your SL was.
lol
Anything is math!
  • #357,483
  • Jan 7, 2014 3:10am Jan 7, 2014 3:10am
Quoting Kajos2250
{quote} lol
Im out the trade already, theres a strong zonal resistance at the 1.6437 level.
  • #357,484
  • Jan 7, 2014 3:15am Jan 7, 2014 3:15am
Quoting IveGotQuads
{quote} Im out the trade already, theres a strong zonal resistance at the 1.6437 level.
My next major resistance ~6464 and i think it will be broken and i will be able to add one more
The daily trend is still bullish and i hope it will make a new HH about ~6700.
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Anything is math!
  • #357,485
  • Jan 7, 2014 3:27am Jan 7, 2014 3:27am
Quoting Ill-b-back
{quote} It's ok, God has plenty of $ Can we see 6280 this week? Oooohhhh, booga, booga, booga...


I kind of told you :-D

went to the 38.2 and my 6380 level instead... Still had the same effect and up we go. You keep selling and I'll keep buying with 4 pip sl's ;-)
@pawpaw1000 on Twitter
  • #357,486
  • Jan 7, 2014 3:29am Jan 7, 2014 3:29am
Quoting IveGotQuads
{quote} He may have gotten back into the trade ...

I wasn't here but my levels were spot on. I wrote yesterday evening that I was hoping for 6380 but that I wasn't sure we'd get there.

You can check my twitter to verify. I'm still long EURUSD from the bottom.
@pawpaw1000 on Twitter
  • #357,487
  • Jan 7, 2014 3:30am Jan 7, 2014 3:30am
Quoting IveGotQuads
{quote} Im out the trade already, theres a strong zonal resistance at the 1.6437 level.


6460... Just wait ;-)
@pawpaw1000 on Twitter
  • #357,488
  • Jan 7, 2014 3:34am Jan 7, 2014 3:34am
Quoting IveGotQuads
{quote} No I went long @ 1.6386 was just wondering where your SL was.
sorry answered wrong post , but after you said you were long i am trading 15 min so lost my second short but put a fib on the 1.66 on the 1hr chart move and came out with 38%fib 1.6437 so gone short again here, cant seem to think about going long, it a problem i have changing tac
  • #357,489
  • Jan 7, 2014 3:37am Jan 7, 2014 3:37am
Quoting pawpaw1000
{quote} 6460... Just wait ;-)
yeah i know theres a high probability to going higher maybe in the next 2 hrs when NY comes on but theres also a probabilty it can slide downwards. No one knows for sure where its going and it carries more risk than I would like. comfortable taking just 50 pips here. This is the hrly chart but that resistance is a daily one
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  • #357,490
  • Jan 7, 2014 3:48am Jan 7, 2014 3:48am
Quoting IveGotQuads
{quote} yeah i know theres a high probability to going higher maybe in the next 2 hrs when NY comes on but theres also a probabilty it can slide downwards. No one knows for sure where its going and it carries more risk than I would like. comfortable taking just 50 pips here. This is the hrly chart but that resistance is a daily one {image}


Agree, looks like I'll be able to get another chance at a long here...
@pawpaw1000 on Twitter
  • #357,491
  • Jan 7, 2014 3:54am Jan 7, 2014 3:54am
Quoting pawpaw1000
{quote} Agree, looks like I'll be able to get another chance at a long here...
yeah this may crest at the 1.400 to 1.406 as new intra day support besides the news will be coming out shortly so Ill prefer waiting till after that and reanalyze whats happening.
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  • #357,492
  • Jan 7, 2014 3:57am Jan 7, 2014 3:57am
Quoting IveGotQuads
{quote} yeah this may crest at the 1.400 to 1.406 as new intra day support besides the news will be coming out shortly so Ill prefer waiting till after that and reanalyze whats happening. {image}


Very prudent of you. Good Idea...

I usually take 75% off and then add again lower.
@pawpaw1000 on Twitter
  • #357,493
  • Jan 7, 2014 3:59am Jan 7, 2014 3:59am
Quoting pawpaw1000
{quote} I kind of told you :-D went to the 38.2 and my 6380 level instead... Still had the same effect and up we go. You keep selling and I'll keep buying with 4 pip sl's ;-)
I hope you get your target mate lol...
by the way, who said I was selling?
I'm a steroid Bull...
Come with me if you want to live....
  • #357,494
  • Jan 7, 2014 4:01am Jan 7, 2014 4:01am
Quoting ZizoFX
{quote} Hey Ill-b-back, Good to see you still trading. Wish you lots more this year.
Thanks Zizo, you too, All the best for this year
Come with me if you want to live....
  • #357,495
  • Jan 7, 2014 4:04am Jan 7, 2014 4:04am
Quoting IveGotQuads
{quote} yeah this may crest at the 1.400 to 1.406 as new intra day support besides the news will be coming out shortly so Ill prefer waiting till after that and reanalyze whats happening. {image}
you dont think that the 38.2 fib was a pull back ???
  • #357,496
  • Jan 7, 2014 4:12am Jan 7, 2014 4:12am
GU M15

Textbook bounce off opening range mid, however - the relatively strong momentum of the pullback to get there might leave it capped at yesterdays late NY/early Asia highs - for now at least
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  • #357,497
  • Jan 7, 2014 4:19am Jan 7, 2014 4:19am
Quoting elbert3
{quote} you dont think that the 38.2 fib was a pull back ???
you mean this pull back here, the 0.50 fib ?It could be anything, profit taking or whatever. just right now if you looking for long entry you will need a pull back continuation pattern moreover theres the Round number psychological level resistance at 1.6450 and the daily resistance plus pivot point plus news coming out. Theres too many intangibles and I pressume we all love easy trades but this is not one of them.
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  • #357,498
  • Jan 7, 2014 4:27am Jan 7, 2014 4:27am
Quoting IveGotQuads
{quote} you mean this pull back here, the 0.50 fib ?It could be anything, profit taking or whatever. just right now if you looking for long entry you will need a pull back continuation pattern moreover theres the Round number psychological level resistance at 1.6450 and the daily resistance plus pivot point plus news coming out. Theres too many intangibles and I pressume we all love easy trades but this is not one of them. {image}
cheers, i know what you mean , sorry i meant the pull back on the 1hr from 1.66 . when you go to the 4hr the last candle hit 38.2 also at 1.6459 and her they meet the 34,55 ema acting as sup, but then price has come back into the 4h trend ???????????might be best to go out now, see what goes down ,65/55 short
  • #357,499
  • Jan 7, 2014 4:40am Jan 7, 2014 4:40am
okay! shorted @1.6425 tp 1.6375
  • #357,500
  • Jan 7, 2014 4:45am Jan 7, 2014 4:45am
Quoting elbert3
{quote} cheers, i know what you mean , sorry i meant the pull back on the 1hr from 1.66 . when you go to the 4hr the last candle hit 38.2 also at 1.6459 and her they meet the 34,55 ema acting as sup, but then price has come back into the 4h trend ???????????might be best to go out now, see what goes down ,65/55 short
Oh ok the 1 hr ...If Im thinking of going short I would like to move up to the higher time frames and on looking at say the dailys or the 4hrlys, on the daily the trend is moving up therefore unless you are counter trend trading or trading reversals it will be a tough proposition.
here is the daily chart also and look at the uphill battle you will be fighting shorting. If you want to short maybe wait for the 1.657 zone and look for a reversal signal there at least you will have a better chance.
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