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Cable Update (GBPUSD)

  • #357,741
  • Jan 8, 2014 1:19pm Jan 8, 2014 1:19pm
Quoting PoundTrader
1 hour to go {image}
lol, you crazy trader

I didn't think you were a charts man.

What's this I hear about Trendlines and such??

Next you'll be saying the markets aren't random

Come with me if you want to live....
  • #357,742
  • Jan 8, 2014 1:28pm Jan 8, 2014 1:28pm
Quoting Ill-b-back
{quote} lol, you crazy trader I didn't think you were a charts man. What's this I hear about Trendlines and such?? Next you'll be saying the markets aren't random
lol, no im still not a chart man, i started studying them late 2013 after 10yrs not looking at them, still base all of my trades on math
  • #357,743
  • Jan 8, 2014 1:31pm Jan 8, 2014 1:31pm
Quoting PoundTrader
so far overall market sentiment on all pairs are still bullish slowly getting weaker
Cable awfully slow tho....wouldn't mind her picking up some speed for a change...
Hear the music before the song is over ...
  • #357,744
  • Jan 8, 2014 1:39pm Jan 8, 2014 1:39pm
Quoting GlobalMacro
{quote} Cable awfully slow tho....wouldn't mind her picking up some speed for a change...
this is why i mostly trrade gbp/nzd and eur/nzd these 2 pairs can move
  • #357,745
  • Jan 8, 2014 1:43pm Jan 8, 2014 1:43pm
Quoting PoundTrader
{quote} lol, no im still not a chart man, i started studying them late 2013 after 10yrs not looking at them, still base all of my trades on math
Interesting how maths creates structure, even going back years
Come with me if you want to live....
  • #357,746
  • Jan 8, 2014 1:47pm Jan 8, 2014 1:47pm
Quoting Ill-b-back
{quote} Interesting how maths creates structure, even going back years
im now working on a simple sentiment trading system, you can check out that thread, i tried building many system outside of my current system an fail, i was told years ago always re-created your self because the world always changes, trading is no diffrent
  • #357,747
  • Jan 8, 2014 1:50pm Jan 8, 2014 1:50pm
Quoting GlobalMacro
{quote} Cable awfully slow tho....wouldn't mind her picking up some speed for a change...
yes, disappointing: no volatility, no signal, no trade. i will wait for tomorrow (boe, ecb).
fortis fortuna adiuvat
  • #357,748
  • Jan 8, 2014 1:52pm Jan 8, 2014 1:52pm
Quoting GlobalMacro
{quote} True true u/j trade was fun took the profit back in the day and came home to cable.... Hope all is well on your side, Ken.
Doing fine here. Thanks

Keep close watch on GBP/JPY for GBP/USD
  • #357,749
  • Jan 8, 2014 1:57pm Jan 8, 2014 1:57pm
Quoting PoundTrader
{quote} this is why i mostly trrade gbp/nzd and eur/nzd these 2 pairs can move
I just pulled up a gbp/nzd chart ... seems to have had a wide swing today intraday ... nice opportunity for a long on pullback just before ADP...

It being a cross, does it always react to usd news this way.....or more gbp--nzd news?
Hear the music before the song is over ...
  • #357,750
  • Jan 8, 2014 1:59pm Jan 8, 2014 1:59pm
Quoting PoundTrader
{quote} im now working on a simple sentiment trading system, you can check out that thread, i tried building many system outside of my current system an fail, i was told years ago always re-created your self because the world always changes, trading is no diffrent
True.
That's a coincidence, I have been working on a sentiment method myself purely out of curiosity. I'll give yours a look

I still use my segmented / channel method but this market the last 2 years has not been as clear and I'm pretty sure it's because of fed/Govt intervention.
Come with me if you want to live....
  • #357,751
  • Jan 8, 2014 1:59pm Jan 8, 2014 1:59pm
Quoting GlobalMacro
{quote} I just pulled up a gbp/nzd chart ... seems to have had a wide swing today intraday ... nice opportunity for a long on pullback just before ADP... It being a cross, does it always react to usd news this way.....or more gbp--nzd news?
i dont know if you notice but i think all currency pairs react some kind of way to u.s. news dont know why but seems like they do, and yes gbp/nzd average about 200 to 500 pips on a good day
  • #357,752
  • Jan 8, 2014 2:01pm Jan 8, 2014 2:01pm
Quoting Ill-b-back
{quote} True. That's a coincidence, I have been working on a sentiment method myself purely out of curiosity. I'll give yours a look I still use my segmented / channel method but this market the last 2 years has not been as clear and I'm pretty sure it's because of fed/Govt intervention.
i agree, also most goverment want there currency to be weak or stay at a certain level so intervention is possible
  • #357,753
  • Jan 8, 2014 2:04pm Jan 8, 2014 2:04pm
Quoting PoundTrader
{quote} i agree, also most goverment want there currency to be weak or stay at a certain level so intervention is possible
:nerd:
Come with me if you want to live....
  • #357,754
  • Jan 8, 2014 2:08pm Jan 8, 2014 2:08pm
Quoting Ken A
{quote} Doing fine here. Thanks Keep close watch on GBP/JPY for GBP/USD
I usually watch eur/gbp for cable...gbp/jpy got too much yen on it, if you know what I mean....
Hear the music before the song is over ...
  • #357,755
  • Jan 8, 2014 2:12pm Jan 8, 2014 2:12pm
This is... Just a mess

GU 1H

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 24 KB


Its on days like these that you should wait for other days

FOMC, no surprise, excellent... lets move on

G/L
  • #357,756
  • Jan 8, 2014 2:18pm Jan 8, 2014 2:18pm
Quoting PoundTrader
{quote} i dont know if you notice but i think all currency pairs react some kind of way to u.s. news dont know why but seems like they do, and yes gbp/nzd average about 200 to 500 pips on a good day
I have noticed that....crosses usually moot to usd news but this pair's response is very pronounced....first impression favorable, I will take a closer look at it... :-)
Hear the music before the song is over ...
  • #357,757
  • Jan 8, 2014 2:25pm Jan 8, 2014 2:25pm
Our local currency to the Dollar....

Attached Image (click to enlarge)
Click to Enlarge Name: Daily usdzar.png Size: 35 KB


My best trade, don't trade just withdraw from your USD trading account after a month hold



Good night...
  • #357,758
  • Jan 8, 2014 2:35pm Jan 8, 2014 2:35pm
Meanwhile on the hourly wedge:

1.6445 breakout point retested....




GBP/USD - H1 1.6454
Attached Image
Hear the music before the song is over ...
  • #357,759
  • Jan 8, 2014 2:37pm Jan 8, 2014 2:37pm
Quoting PoundTrader
{quote} this is why i mostly trrade gbp/nzd and eur/nzd these 2 pairs can move
gbp/aud gbp/jpy and nowdays xau
Anything is math!
  • #357,760
  • Jan 8, 2014 2:39pm Jan 8, 2014 2:39pm
Quoting JimmyC
Our local currency to the Dollar.... {image} My best trade, don't trade just withdraw from your USD trading account after a month hold Good night...

For every USD you make you receive 10 ZARs, man that must be a great feeling when you look at your account....
Hear the music before the song is over ...
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