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Cable Update (GBPUSD)

  • #358,681
  • Jan 15, 2014 4:46am Jan 15, 2014 4:46am
Quoting chazzle
{quote} doing the business - carry on, Cable - hold ye bastard
you went short right after Taking profits moving up ?
  • #358,682
  • Jan 15, 2014 4:46am Jan 15, 2014 4:46am
Quoting chazzle
{quote} I do see what you mean, Tony - but to me they (the closing prices) are more effective as indicators of PA since the daily trend is still bullish - and, well - hey at least they both closed higher than they opened - was not looking at those candles with bull/bear perspective in mind at all in fact -
that didn't come out right ...

more simple - just looking at the daily closes there as edges of current range - HTF background template for i/d plays ... or something like that
  • #358,683
  • Jan 15, 2014 4:47am Jan 15, 2014 4:47am
Quoting IveGotQuads
{quote} you went short right after Taking profits moving up ?
no , only longs here
  • #358,684
  • Jan 15, 2014 4:50am Jan 15, 2014 4:50am
Quoting chazzle
{quote} doing the business - carry on, Cable - hold ye bastard
it will have to move up soon if it is going too or it will not make the x traget 1.6394 might be triple bounce and the 200sma is there on the 4 hour so i will have noe to sl below it. looked good half an hour ago, pray to the gods chaz,,,, are you long yet
  • #358,685
  • Jan 15, 2014 4:53am Jan 15, 2014 4:53am
oh ok a 3 to 1 risk reward sell stop popped up at 1.6416 off course after bearish confirmation off the 200 EMA with TP @ around 1.6379 and SL @ 1.6427 ....combine this with the order flow and you have a trade. My opinion, just remember that the news and carney are about to speak. I wish Yellen was my aunt so that I could trade the news, unfortunately im not privy to it
  • #358,686
  • Jan 15, 2014 4:56am Jan 15, 2014 4:56am
Quoting IveGotQuads
oh ok a 3 to 1 risk reward sell stop popped up at 1.6416 off course after bearish confirmation off the 200 EMA with TP @ around 1.6379 and SL @ 1.6427 ....combine this with the order flow and you have a trade. My opinion, just remember that the news and carney are about to speak. I wish Yellen was my aunt so that I could trade the news, unfortunately im not privy to it
News at times, move in the direction of the trend
To become a better trader, think discipline.
  • #358,687
  • Jan 15, 2014 4:57am Jan 15, 2014 4:57am
Hey C
I know tl holding ,but cable is at extreme of range to top side and upper wicks very important ,100 pips is reasonalbly large
tricky trading conditions in consolidation ,rest before next move ,lower imo


Quoting chazzle
{quote} I do see what you mean, Tony - but to me they (the closing prices) are more effective as indicators of PA since the daily trend is still bullish - and, well - hey at least they both closed higher than they opened - was not looking at those candles with bull/bear perspective in mind at all in fact -
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h8 gbp USD Spot.png Size: 63 KB
Click to Enlarge Name: gbp USDd1 Spot.png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,688
  • Jan 15, 2014 4:58am Jan 15, 2014 4:58am
Quoting elbert3
{quote} it will have to move up soon if it is going too or it will not make the x traget 1.6394 might be triple bounce and the 200sma is there on the 4 hour so i will have noe to sl below it. looked good half an hour ago, pray to the gods chaz,,,, are you long yet
3 attempts down there since JAN 10th - might not be able to handle one more ... let's see
  • #358,689
  • Jan 15, 2014 4:59am Jan 15, 2014 4:59am
Quoting littlecraig
short order activated bang on the daily pivot.
Dont know if I should get out with 14pips or let it run
  • #358,690
  • Jan 15, 2014 5:03am Jan 15, 2014 5:03am
Quoting littlecraig
{quote} Dont know if I should get out with 14pips or let it run
If the news wasnt coming out ill say let it run but ehhh , that thing could go either way. depends on you maybe at least move it to BE or something if you decide to let it run.
  • #358,691
  • Jan 15, 2014 5:03am Jan 15, 2014 5:03am
Quoting chazzle
{quote} 3 attempts down there since JAN 10th - might not be able to handle one more ... let's see
or is it 4 lol?
  • #358,692
  • Jan 15, 2014 5:07am Jan 15, 2014 5:07am
Quoting IveGotQuads
{quote} If the news wasnt coming out ill say let it run but ehhh , that thing could go either way. depends on you maybe at least move it to BE or something if you decide to let it run.
I decided to close
  • #358,693
  • Jan 15, 2014 5:12am Jan 15, 2014 5:12am
usd is bullish imo
more than gbp also maybe next week ,


Quoting Bones
usd chf w1 ,i am bullish {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usd CHF d1 Spot.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,694
  • Jan 15, 2014 5:29am Jan 15, 2014 5:29am
Attached Image (click to enlarge)
Click to Enlarge Name: x.png Size: 97 KB
well done bears i have been short for weeks i think i talked myself into tha last move. rescue time big long 1.6380
  • #358,695
  • Jan 15, 2014 5:38am Jan 15, 2014 5:38am
opps support gone tl bounce s false , trend traders soon think again
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,696
  • Jan 15, 2014 5:39am Jan 15, 2014 5:39am
out - with a decent sized loss - gl all catch you later
  • #358,697
  • Jan 15, 2014 5:40am Jan 15, 2014 5:40am
Quoting elbert3
{image} well done bears i have been short for weeks i think i talked myself into tha last move. rescue time big long 1.6380
yeah i closed my shorts for a 26 pip profit, didnt want to risk it for the 6 pips on the TP. Moreover the news is out and I prefer not to be in intraday trade with the news . Besides Im exposed to the dollar on my short NZD/USD daily trade. but this move down is a massive 50pip drop so far.
  • #358,698
  • Jan 15, 2014 5:41am Jan 15, 2014 5:41am
Quoting Bones
opps support gone tl bounce s false , trend traders soon think again
its a long way from my tecs it will have to come up sharpish 1.6330 long to 6377
  • #358,699
  • Jan 15, 2014 5:42am Jan 15, 2014 5:42am
importance of level
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 USD Spot.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,700
  • Jan 15, 2014 5:42am Jan 15, 2014 5:42am
Lets take a look tomorrow... After Carney's remarks... But I think we may have a trend change GU and EU, time will tell
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