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Cable Update (GBPUSD)

  • #358,561
  • Jan 14, 2014 6:26am Jan 14, 2014 6:26am
Quoting pawpaw1000
No one is here to learn
since you are obsessed with teaching the world how to trade maybe you should drop babypips a line - they might have a vacancy?
  • #358,562
  • Jan 14, 2014 6:33am Jan 14, 2014 6:33am
somebody reminds me of cloggie...

hmmm
  • #358,563
  • Jan 14, 2014 6:41am Jan 14, 2014 6:41am
out of here - gl guys
  • #358,564
  • Jan 14, 2014 6:55am Jan 14, 2014 6:55am
Quoting GlobalMacro
Price re-entering lower hourly channel line Cable now 1.6382 Today's Low : 1.6347 Placing a buy order: BUY LIMIT : 1.6379 S / L : 1.6317 T / P : OPEN
Right.....Longs still rolling here.....Price trading up well into the channel.


Raising S/L up to 1.6340:

LONG @ 1.6379

S / L : 1.6340

T / P : OPEN

Cable now 1.6443

P&L : + 64 pips




GBP / USD - H1
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Hear the music before the song is over ...
  • #358,565
  • Jan 14, 2014 7:18am Jan 14, 2014 7:18am
Quoting GlobalMacro
{quote} Right.....Longs still rolling here.....Price trading up well into the channel. Raising S/L up to 1.6340: LONG @ 1.6379 S / L : 1.6340 T / P : OPEN Cable now 1.6443 P&L : + 64 pips GBP / USD - H1 {image}
Well done there, Sir GM

Going to give you a girlie pic in any case... coming up soon.

All success
  • #358,566
  • Edited 7:40am Jan 14, 2014 7:21am | Edited 7:40am
Quoting pawpaw1000
{quote} Think you missed the show my man... We've been debating SL's since last week and it is supposedly impossible to trade with tight stops (4 pips). So I said I'd call some levels and show how I would get in etc... Even posted my journal entry which I now took off. Don't chip in where you have no business I'm done here anyways... Good luck ;-)

dont worry..but post yur charts in here live..i dont mind learning a thing or 2
  • #358,567
  • Jan 14, 2014 7:41am Jan 14, 2014 7:41am
Quoting TauTrader
{quote} Well done there, Sir GM Going to give you a girlie pic in any case... coming up soon. All success
Thanks Tau.

btw how are stops lined up atm both below and above....could you please post an update? Thanks.
Hear the music before the song is over ...
  • #358,568
  • Jan 14, 2014 7:45am Jan 14, 2014 7:45am
Quoting GlobalMacro
{quote} Thanks Tau. btw how are stops lined up atm both below and above....could you please post an update? Thanks.
Sir,

Extremely subjective - but will post those for you in a while.

Regards and all the best
  • #358,569
  • Jan 14, 2014 7:47am Jan 14, 2014 7:47am
whats happend stopped out, the lord giveth and the lord taketh away i should of went with the 1.6420 saved by aud , do we still short anybody 1.6428 order rescue mission
  • #358,570
  • Jan 14, 2014 7:52am Jan 14, 2014 7:52am
Quoting elbert3
whats happend stopped out, the lord giveth and the lord taketh away i should of went with the 1.6420 saved by aud , do we still short anybody 1.6428 order rescue mission
This market is crazy..i so thought after yesterday move today would add pressure to fall ..yet the sum bitch has rose..seems to me over trading is going to blow the account to smoke

save yourselves
  • #358,571
  • Jan 14, 2014 8:05am Jan 14, 2014 8:05am
Quoting nAVIN2007
{quote} This market is crazy..i so thought after yesterday move today would add pressure to fall ..yet the sum bitch has rose..seems to me over trading is going to blow the account to smoke save yourselves
made a few there off at the touch of the 34 ema short order 1.6404 looks like it might go
  • #358,572
  • Jan 14, 2014 10:09am Jan 14, 2014 10:09am
Quoting nAVIN2007
{quote} This market is crazy..i so thought after yesterday move today would add pressure to fall ..yet the sum bitch has rose..seems to me over trading is going to blow the account to smoke save yourselves
You are the only sane person I see here...I didnt trade today because the risk reward is just not there. Anyway the bullish momentum is dying out, we may be not only seeing a correction but a longer term bearish move. Just have a little patience
  • #358,573
  • Jan 14, 2014 10:15am Jan 14, 2014 10:15am
Quoting IveGotQuads
{quote} You are the only sane person I see here...I didnt trade today because the risk reward is just not there. Anyway the bullish momentum is dying out, we may be not only seeing a correction but a longer term bearish move. Just have a little patience
thanks i do agree..picking a trade is very tough..the market is playing games..one minute strength..next reverse..very tough!!
  • #358,574
  • Jan 14, 2014 10:56am Jan 14, 2014 10:56am
Quoting GlobalMacro
{quote} Thanks Tau. btw how are stops lined up atm both below and above....could you please post an update? Thanks.
Sir, GM

Strong sporty spice for you.

Regards
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  • #358,575
  • Jan 14, 2014 11:00am Jan 14, 2014 11:00am
4hr chart gu.


Seeing an upside.
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  • #358,576
  • Jan 14, 2014 11:03am Jan 14, 2014 11:03am
USD and pound index from www.forexticket.com. Get ready for the drop in the following weeks.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,577
  • Jan 14, 2014 11:05am Jan 14, 2014 11:05am
Quoting TauTrader
{quote} Sir, GM Strong sporty spice for you. Regards {image}
Nice equity curve TT, until january with the crazy low volume and unpredictable volatility. Good solid trades !!! Those kind of curves can kill a newbies spirit though
  • #358,578
  • Edited 11:19am Jan 14, 2014 11:10am | Edited 11:19am
Quoting GlobalMacro
{quote} Thanks Tau. btw how are stops lined up atm both below and above....could you please post an update? Thanks.
Sir,

Still reasonably heavy short. Looking at overall positions , shorts still 5 to 1 overall. If we look at the stops, we have 17'000 short stops in place VS 1'550 longs. That is like 11 to 1..

So - the problem with people looking at longs vs shorts - or then retail positions - is the fact that they do not know where those stops are.. If price was at 1.6000 - would one rather have 20 000 stops at 1.6010 vs 5000 stops long at 1.5990 - or 5000 stops @ 1.6100 vs 6000 long stops @ 1.5999.

As price moves, these stops move - clusters may drop as price drops ( locking in) but also pull back as price rises. It remains subjective.

Currently - possible low trigger @ 1.6410 - not a lot below - so one could expect this to be the temp bottom. Upside - we have a fat cluster @ 1.6520 - that is probably a target.

All the best to you



But - retail is still heavy short if we look at actual stops..
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  • #358,579
  • Jan 14, 2014 11:15am Jan 14, 2014 11:15am
All EJ, GJ, and UJ yen pairs are in a correction down move mode since the December high. The correction is not finished yet. Today's bounce is just the retrace of the correction down move since December high. After the retrace, I expect the correction to continue.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,580
  • Jan 14, 2014 11:16am Jan 14, 2014 11:16am
Quoting IveGotQuads
{quote} Nice equity curve TT, until january with the crazy low volume and unpredictable volatility. Good solid trades !!! Those kind of curves can kill a newbies spirit though
Sir,

Just kicking tyres or a few ideas there.. What I have learned quite early, is that it would help to have a little larger bankroll..

I thank you

Trade well!
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