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Cable Update (GBPUSD)

  • #359,321
  • Jan 20, 2014 2:22am Jan 20, 2014 2:22am
Quoting Griffo
{quote} Still keeping your shorts, Davit? The ones i got too early (i was too excited after making decent profit on previous shorts and assumed it would continue to tank down - doh!) are kicking my ass at the moment, but it will all come good when this thing finally continues down as i have one higher up that should save me!

until 6450 is broken shorts are valid.I have all my shorts open.As a matter of fact anything above 64 is short to me.Everyone has their trading plans make sure you plan worse case scenario and work backwards.
Ask yourself when is the ceiling for your shorts.You must always have an idea when is enough.That's all otherwise like Jesse Livermore said "seat Tight"
Please think about my signature! Its not there for the sake of it.Avoid early entries as much as you can.
In trading, you have to be defensive and aggressive at the same time
  • #359,322
  • Jan 20, 2014 2:30am Jan 20, 2014 2:30am
Quoting TauTrader
Good day, Short scalp again on 1hr Regards {image}
I think a short scalp is coming up, but we aren't quite there yet.

Right around 1.6445 looks good for a short scalp. Or if you don't think it'll go that high, can start small at 1.6438 and go from there.
  • #359,323
  • Jan 20, 2014 2:36am Jan 20, 2014 2:36am
GU M15

I have just added the second long, Waiting for break of MPP to add other one.
Invalidation ~6402
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 58 KB
Anything is math!
  • #359,324
  • Jan 20, 2014 2:41am Jan 20, 2014 2:41am
Maybe someone is trading against the TREND !!!
  • #359,325
  • Edited 2:55am Jan 20, 2014 2:43am | Edited 2:55am
Quoting Omar-Forex
Maybe someone is trading against the TREND !!!

define a trend please
since 2009 Cable has been in a range monthly chart
Few questions worth asking
1.Has British economy singularly outperformed all economies despite of Euro zone slump where it does majority of her trades?
2.What has changed significantly since 2009 that would make British pound break its range prior 2009 levels?
Reality is nothing significantly changed since 2009 to warrant continued appreciation of sterling unless you buy Carney's hype.
Unless British economy miraculously can outperform all economies despite of Euro zone,Chinese Japanese,US markets in contraction then yes pound can go 1.70 and above but any decent intelligent economist will tell you no country can grow in isolation.Everything has cycles.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.monthly.png Size: 18 KB
In trading, you have to be defensive and aggressive at the same time
  • #359,326
  • Jan 20, 2014 2:44am Jan 20, 2014 2:44am
Quoting Davit
{quote} define a trend please
There is 4 hr and 1hr down trend
  • #359,327
  • Jan 20, 2014 2:47am Jan 20, 2014 2:47am
Quoting Omar-Forex
Maybe someone is trading against the TREND !!!
Depends on TF one is trading as to the relevant trend
Come with me if you want to live....
  • #359,328
  • Jan 20, 2014 2:52am Jan 20, 2014 2:52am
Quoting Davit
{quote} define a trend please since 2009 Cable has been in a range monthly chart Few questions worth asking 1.Has British economy singularly outperformed all economies despite of Euro zone slump where it does majority of her trades? 2.What has changed significantly since 2009 that would make British pound break its range prior 2009 levels? Reality is nothing significantly changed since 2009 to warrant continued appreciation of sterling unless you buy Carney's hype. {image}
WTH is with that monthly candle that reaches to the bottom of the chart?
Is that real?
Come with me if you want to live....
  • #359,329
  • Jan 20, 2014 2:54am Jan 20, 2014 2:54am
The trend has been up for some weeks now. We've been close to reversing that trend, but because of that huge up move, we are still in an up trend.

Which is why I hesitate to take a short scalp right now, I'd hate to get the beat down by the trend.
  • #359,330
  • Jan 20, 2014 2:56am Jan 20, 2014 2:56am
Quoting Omar-Forex
{quote} There is 4 hr and 1hr down trend
morning i think i know what you mean on my 4h i have 2 trend trends?? if we break 4500 and i think we will we will go back into the upper trend and longs are expected to continue, we are at that stage now,// i think we will have the same start as last monday good bull candle and then longs after that, i had a buy order over night 1403 just added 1 more and i have a buy order in case of a jump up at 1459 my first
target 6509 the same as friday. how ever as we are on the trend line 6375 will confirm short for me.
  • #359,331
  • Jan 20, 2014 2:58am Jan 20, 2014 2:58am
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 105 KB
  • #359,332
  • Jan 20, 2014 2:59am Jan 20, 2014 2:59am
Quoting Ill-b-back
{quote} WTH is with that monthly candle that reaches to the bottom of the chart? Is that real?

Yes that's 2008 market crash
In trading, you have to be defensive and aggressive at the same time
  • #359,333
  • Jan 20, 2014 2:59am Jan 20, 2014 2:59am
Quoting Davit
{quote} define a trend please since 2009 Cable has been in a range monthly chart Few questions worth asking 1.Has British economy singularly outperformed all economies despite of Euro zone slump where it does majority of her trades? 2.What has changed significantly since 2009 that would make British pound break its range prior 2009 levels? Reality is nothing significantly changed since 2009 to warrant continued appreciation of sterling unless you buy Carney's hype. Unless British economy miraculously can outperform all economies despite of Euro...
GBP/CHF looks like it could be setting up to be a sexxy short right now will wait for a set up however
  • #359,334
  • Jan 20, 2014 3:02am Jan 20, 2014 3:02am
Quoting Omar-Forex
{quote} There is 4 hr and 1hr down trend
By my peak valley anlisys the trend is bullish on the W1.
The daily already bearish, because this is the correction phase with correction zig-zag movements. Descending wedge. This is how i see the markets on daily TF and i think the bullish trend movements will start soon. Tight invalidation price about ~6300. Last daily bullsih engulfing candle strengths my sentiment.

Sorry for my poor english

I took the third long in the retrace TF M15, and the MPP is coming.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 57 KB
Anything is math!
  • #359,335
  • Jan 20, 2014 3:04am Jan 20, 2014 3:04am
Quoting Davit
{quote} Yes that's 2008 market crash
The crash too cable down towards 0.5xxx on your platform?

Crikey!!!!!
Come with me if you want to live....
  • #359,336
  • Jan 20, 2014 3:06am Jan 20, 2014 3:06am
Attached Image (click to enlarge)
Click to Enlarge Name: long.png Size: 120 KB
sorry but i had to squeeez it in so that you could see the full picture.
  • #359,337
  • Jan 20, 2014 3:18am Jan 20, 2014 3:18am
Quoting iNSIELD
{quote} GBP/CHF looks like it could be setting up to be a sexxy short right now will wait for a set up however

Thanks for heads up will look into it bro!
Best place is 1.50 RN BB in sell zone +RSI 70 Sell zone
With daily ADR 25 and last 5days 113pips this baby still has legs to go up.

Edit
Just added limit short at 1.50 price was firmly rejected there last time round
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.daily.png Size: 62 KB
In trading, you have to be defensive and aggressive at the same time
  • #359,338
  • Jan 20, 2014 3:22am Jan 20, 2014 3:22am
Quoting chazzle
457 next up imo

Quoting chazzle
now a bump in the road toward 484
someone get the 4WD
  • #359,339
  • Jan 20, 2014 3:30am Jan 20, 2014 3:30am
Quoting iNSIELD
{quote} GBP/CHF looks like it could be setting up to be a sexxy short right now will wait for a set up however
Seeing the W1, MN1 candles and it is showing me bulls controll...
Anything is math!
  • #359,340
  • Jan 20, 2014 3:34am Jan 20, 2014 3:34am
What public holiday is it today in the US?
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