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Cable Update (GBPUSD)

  • #357,541
  • Jan 7, 2014 8:41am Jan 7, 2014 8:41am
Quoting GlobalMacro
{quote} OK. So you're not long now?


Trying to get an entry :-D

6402 gone... Like it wasn't even there :-D

This is why I only have 4 pip SL's as even though I was long biased, we could easily go the other way, no matter how far my stop is, I'd get hit
@pawpaw1000 on Twitter
  • #357,542
  • Jan 7, 2014 8:46am Jan 7, 2014 8:46am
Quoting pawpaw1000
{quote} Don't doubt my friend... Prove Just Wait for NY to see what they want. Spike down and then up? or spike up and then down? EDIT: Not saying we can't go down, I'm building the case for longs... {image}

well my proof is the rejection you seen there! 1,2,3 lolz I forgot the counting! Which shows there are heavy sellers @ 1.642x
anyways below 1.639x
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 141 KB
  • #357,543
  • Jan 7, 2014 8:47am Jan 7, 2014 8:47am
you would of been better shorting with you 4 pips sorry
  • #357,544
  • Jan 7, 2014 8:49am Jan 7, 2014 8:49am
Quoting namitak007
{quote} well my proof is the rejection you seen there! 1,2,3 lolz I forgot the counting! Which shows there are heavy sellers @ 1.642x anyways below 1.639x {image}


Now why didn't you post that before?
@pawpaw1000 on Twitter
  • #357,545
  • Jan 7, 2014 8:56am Jan 7, 2014 8:56am
Quoting pawpaw1000
{quote} Now why didn't you post that before?
Hindsight is 20/20, not everybody is comfortable being wrong. In any case I myself dont mind the short play as a flat bottom triangle is much more bearish than bullish but in this instance the risk/ reward just isnt there and entails a higher risk than going long, albeit in a vaccum.
  • #357,546
  • Jan 7, 2014 8:59am Jan 7, 2014 8:59am
1.6420 looks like res now ,any thoughts
  • #357,547
  • Jan 7, 2014 9:00am Jan 7, 2014 9:00am
Quoting IveGotQuads
{quote} Hindsight is 20/20, not everybody is comfortable being wrong. In any case I myself dont mind the short play as a flat bottom triangle is much more bearish than bullish but in this instance the risk/ reward just isnt there and entails a higher risk than going long, albeit in a vaccum.

Or he just had zero reason for trading and he was doing more guess work than actually building a case for a short.

Agree on short side not giving enough RR, I'll be scooping this up off the bottom if possible
@pawpaw1000 on Twitter
  • #357,548
  • Jan 7, 2014 9:03am Jan 7, 2014 9:03am
Quoting IveGotQuads
{quote} 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. {image} {image}
hi thanks for the info but i went out after posting, glad i did took proifit on 3 shorts 1 left target 1.6350 4 pip sl sorry i had to put that in
  • #357,549
  • Jan 7, 2014 9:13am Jan 7, 2014 9:13am
Quoting pawpaw1000
{quote} Now why didn't you post that before?

well while doing the screenshot the 639x vanished!


Quoting namitak007
okay! shorted @1.6425 tp 1.6375
Quoting namitak007
anyways anyone hunting NU along with cable? I am short @0.83 with tp around 40 pips


both Tp hit! bagged 80 pips
Now looking for another entry

And yes! I never guess
  • #357,550
  • Jan 7, 2014 9:16am Jan 7, 2014 9:16am
Quoting pawpaw1000
{quote} I'll be scooping this up off the bottom if possible
Probably has around 50pips left in the ADR, but if this goes to 1.6350 that would be crazy as it moved 30pips with no pullback
  • #357,551
  • Jan 7, 2014 9:17am Jan 7, 2014 9:17am
Quoting elbert3
1.6420 looks like res now ,any thoughts
yep - have 420/440 area here
  • #357,552
  • Jan 7, 2014 9:18am Jan 7, 2014 9:18am
Quoting namitak007
both Tp hit! bagged 80 pips
nice one namitak - good trading
  • #357,553
  • Jan 7, 2014 9:20am Jan 7, 2014 9:20am
Quoting pawpaw1000
{quote} You got in too late... I'd wait for second test of 6427 TAOMQL, please remember that everyone has a different H4... That said, we get above 6440's and things look pretty dire for the bears.

Doesn't Matter - The Demand & Supply Zones/Boxes are Accumulation & Distribution Zones , and that's pretty the same across all platforms , except if one is using a really bad data feed ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
Click to Enlarge Name: gbpusdh4-3.png Size: 66 KB
  • #357,554
  • Jan 7, 2014 9:23am Jan 7, 2014 9:23am
Quoting chazzle
{quote} nice one namitak - good trading

thanks
  • #357,555
  • Jan 7, 2014 9:25am Jan 7, 2014 9:25am
Quoting IveGotQuads
{quote} Probably has around 50pips left in the ADR, but if this goes to 1.6350 that would be crazy as it moved 30pips with no pullback

I've got 6374 as a level (Yesterdays range FIBO) but hesitant to enter. So I won't enter as I know thats emotion ;-)
@pawpaw1000 on Twitter
  • #357,556
  • Jan 7, 2014 9:40am Jan 7, 2014 9:40am
well looks like dive below 1.6375 is possible
not trading tough!
  • #357,557
  • Jan 7, 2014 9:44am Jan 7, 2014 9:44am
Quoting namitak007
well looks like dive below 1.6375 is possible not trading tough!
Hey congrats on your pips Ill be looking at N/U after the close.
  • #357,558
  • Jan 7, 2014 9:50am Jan 7, 2014 9:50am
Quoting IveGotQuads
{quote} Hey congrats on your pips Ill be looking at N/U after the close.

hey thanks! well I am also looking at NU. Waiting it to break 0.825 also simultaneously waiting to long on AU at 0.885
hope these setups get activated this week
  • #357,559
  • Jan 7, 2014 9:51am Jan 7, 2014 9:51am
It is a constant Battle - If one can't do it , another one tries ..
Like a freaking War Zone ..
It's why traders think - Yea , they are winning , then they lose ..lol -
Personally , I trust the 4hr & daily levels (combo ..)

Adios ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 63 KB
Click to Enlarge Name: gbpusdm15.png Size: 33 KB
  • #357,560
  • Jan 7, 2014 9:54am Jan 7, 2014 9:54am
Quoting taomql4
It is a constant Battle - If one can't do it , another one tries .. Like a freaking War Zone .. It's why traders think - Yea , they are winning , then they lose ..lol - Personally , I trust the 4hr & daily levels (combo ..) Adios .. {image}

agree
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