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Cable Update (GBPUSD)

  • #359,841
  • Jan 22, 2014 4:29am Jan 22, 2014 4:29am
what goes up, must come down and vice versa. i´m short now (R2 -> R1)
fortis fortuna adiuvat
  • #359,842
  • Jan 22, 2014 4:29am Jan 22, 2014 4:29am
Quoting Tsar
{quote} Frankly... Yes. After Learn it. More Profitable because can counter the Trend. But must FOCUS and more Big SL than GBP/USD If I trade GBP/NZD / another CROSS Currencies. I never make Post in FF...
And why is that if i may ask ?
  • #359,843
  • Jan 22, 2014 4:31am Jan 22, 2014 4:31am
Quoting Kajos2250
{quote}
Hear the music before the song is over ...
  • #359,844
  • Jan 22, 2014 4:32am Jan 22, 2014 4:32am
Quoting Tsar
{quote} Frankly... Yes. After Learn it. More Profitable because can counter the Trend. But must FOCUS and more Big SL than GBP/USD If I trade GBP/NZD / another CROSS Currencies. I never make Post in FF...

yeah, i know what you mean!
the best thing in gbpnzd is the volatility (50pips is just a scalp), but that requires smaller sizes etc otherwise it will become the worst thing!

the very best way to trade it, is when there's a clean direction (usually based on NZD behavior)! it happens... it's just a matter of patience!
90% of traders use TA, indicators and prediction
  • #359,845
  • Jan 22, 2014 4:35am Jan 22, 2014 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: to.png Size: 92 KB

you can see price for now stopped on retace of the move shown at 61.8 rsi over 70 ,i would watch the pull back at around 6515 i will be watching on the i min for any signs to go long off any of the tls that are on the chart , price for me has to pull back to the 10 sma at least
  • #359,846
  • Jan 22, 2014 4:38am Jan 22, 2014 4:38am
Quoting deltaone
what goes up, must come down and vice versa. i´m short now (R2 -> R1)
Sooner or later... But if you have big enought RR!?
Anything is math!
  • #359,847
  • Jan 22, 2014 4:38am Jan 22, 2014 4:38am
Quoting deltaone
what goes up, must come down and vice versa. i´m short now (R2 -> R1)
To add in my two cents worth, what goes up at such a speed to hit a brick wall of sell orders must come down. Shorted it at 40
  • #359,848
  • Jan 22, 2014 4:42am Jan 22, 2014 4:42am
Quoting GlobalMacro
{quote} - Jan 10 swing high broken - DTL broken Trailing Profit Protection up to 1.6430 and letting this puppy R O L L : Long @ 1.6349 Profit Protection Stop : 1.6430 T / P : OPEN Cable now 1.6549 Today's High: 1.6552 P & L : + 200 pips GBP/USD - H8 {image}
Congrat for you, GM
Always looking the GREAT, never left GOOD Point...
  • #359,849
  • Jan 22, 2014 4:44am Jan 22, 2014 4:44am
Quoting squawk
Might be another leg up around 6530 but can't see it moving any higher without retesting the 6340 area. If we hit the 6530 area I would expect a decent reaction. The way the price is stalling at the moment at this level with the order flows I would like to see some breakouts and retest. There is no ascending action to support a short term run higher at the moment in my opinion. {image}
I can't see a continued move higher without at least retest and filling the market at 450, even better 350. To me the action supports sideways with spikes and retest.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.png Size: 51 KB
  • #359,850
  • Jan 22, 2014 4:48am Jan 22, 2014 4:48am
Quoting Tsar
{quote} Congrat for you, GM
Thanks, Tsar
Hear the music before the song is over ...
  • #359,851
  • Jan 22, 2014 4:49am Jan 22, 2014 4:49am
György Soros told me "Buy the pound" lol
Anything is math!
  • #359,852
  • Jan 22, 2014 4:50am Jan 22, 2014 4:50am
Quoting _BBKing_
{quote} yeah, i know what you mean! the best thing in gbpnzd is the volatility (50pips is just a scalp), but that requires smaller sizes etc otherwise it will become the worst thing! the very best way to trade it, is when there's a clean direction (usually based on NZD behavior)! it happens... it's just a matter of patience!
Yup... You're Smart and catch up with Clear.

Try it use S/R + Supply Demand with Fibo Calculation. And then Draw it manualy Diagonal Line's
It's so SIMPLE... if knew Technical Analysis {TA}

Moreover, in accordance with our Trading style, Bro
Always looking the GREAT, never left GOOD Point...
  • #359,853
  • Jan 22, 2014 4:55am Jan 22, 2014 4:55am
Quoting Kajos2250
{quote} Sooner or later... But if you have big enought RR!?
The risk reward is there but the problem is the unpredictable nature of fading news...especially when its a counter trend. when traders fade/counter trend aggressively without confirmation they have to be willing to get out the trade at moments notice if PA tells them too. Just like whats going on now
  • #359,854
  • Jan 22, 2014 4:56am Jan 22, 2014 4:56am
Quoting Kajos2250
{quote} Sooner or later... But if you have big enought RR!?
short entry was 1,6538. tp = 1,6508. sl = 1,6548. good enough for me. just an add-on, made my daily goal with my setup (event-driven volatility breakout) at 10:30 h.
fortis fortuna adiuvat
  • #359,855
  • Jan 22, 2014 4:57am Jan 22, 2014 4:57am
if you get the 50 fib retrace and it doesnt by any chance go higher then you just use the pull back continuation pattern and re-enter the fade. Im inputting a disclaimer here too please. I dont advocate counter trading
  • #359,856
  • Jan 22, 2014 5:02am Jan 22, 2014 5:02am
Quoting GlobalMacro
{quote} Thanks, Tsar
Your Welcome, Sir.

I saw you're Swing Trader... Now.
Always looking the GREAT, never left GOOD Point...
  • #359,857
  • Jan 22, 2014 5:14am Jan 22, 2014 5:14am
Quoting chazzle
find myself starting to short scalp
520 before 560 is what I'm thinking ...
  • #359,858
  • Jan 22, 2014 5:17am Jan 22, 2014 5:17am
Quoting Suffo
sell 20lot 543 sl 570 tp?
closed BE
With a good book and quality paper you can fine wipe your ass.
  • #359,859
  • Jan 22, 2014 5:27am Jan 22, 2014 5:27am
slow, we have a long leg doji on the 15m 10sma is now nearlly up there,normally price comes to meet it.??? it will shoot through 6550 or we get a hit at 6550 and then a drop, covers on all ways. 6575 could be a retrace from there
  • #359,860
  • Jan 22, 2014 5:29am Jan 22, 2014 5:29am
sl. -10 pips.
fortis fortuna adiuvat
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