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Cable Update (GBPUSD)

  • #360,941
  • Jan 27, 2014 9:49pm Jan 27, 2014 9:49pm
Quoting Rtm
{quote} GU still looks bullish, good thing I didnt short
Yeah, an hour ago I was going to short then the wife asked me out to dinner. Lucky.
  • #360,942
  • Jan 27, 2014 9:50pm Jan 27, 2014 9:50pm
a bunch of stupid tight stops got triggered for it to go above 6588. It will go up more.

Attached Image (click to enlarge)
Click to Enlarge Name: cable- id81_077.png Size: 16 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,943
  • Jan 27, 2014 9:52pm Jan 27, 2014 9:52pm
Quoting Ill-b-back
I'm a little suspicious of Asian breakout moves myself. We have hit a broken 1hr support area I'd be waiting for the shape of this and/or the 4hr closed candle for clues.. {image}

So here's a clue...... This isn't a chart that I always trade but I always like to test
Anyway.... you see the weekly R pivot @ 1.6640
One must make one's own decision.....
Attached Image (click to enlarge)
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When the Joker is in the deck.. fear not and play it well
  • #360,944
  • Jan 27, 2014 9:56pm Jan 27, 2014 9:56pm
Quoting Davit
{quote} True tough and that's why we should never pick on each other.It should be Retail VS institutions.Understanding their motives is money on our packets. Lot of stops got cleared already.I anticipate nose dive any moment.
Could do, Wouldn't surprise me at all, here's another angle..
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #360,945
  • Jan 27, 2014 9:58pm Jan 27, 2014 9:58pm
Quoting Slim Buffett
{quote} So here's a clue...... This isn't a chart that I always trade but I always like to test Anyway.... you see the weekly R pivot @ 1.6640 One must make one's own decision..... {image}
Yep
Come with me if you want to live....
  • #360,946
  • Jan 27, 2014 10:00pm Jan 27, 2014 10:00pm
On my Chart price is inside 2nd deviation which a sell zone. RSI has little room to go up.
I starting to love Bollinger and RSI combo.Key is 2nd and 3rd deviation not 1st.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #360,947
  • Jan 27, 2014 10:09pm Jan 27, 2014 10:09pm
if we are really turning from friday we should clear 1.6664 before data comes out. london traders will hammer it is my view
  • #360,948
  • Jan 27, 2014 10:09pm Jan 27, 2014 10:09pm
Quoting Davit
On my Chart price is inside 2nd deviation which a sell zone. RSI has little room to go up. I starting to love Bollinger and RSI combo.Key is 2nd and 3rd deviation not 1st. {image}

Maybe........... but anytime I notice one of your charts.... you're selling as price goes up.

Doesn't that get irritating to you after awhile.Or you just like to trade that way??
I suppose I don't get it.
When the Joker is in the deck.. fear not and play it well
  • #360,949
  • Jan 27, 2014 10:12pm Jan 27, 2014 10:12pm
GU 1H

Trust the point about counter-trend trading has started to make sense?

Trend remains intact
Note rectangle continuation... Target met

Possibility of a flag & Break of significant resistance target 1.66690

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 12 KB
  • #360,950
  • Jan 27, 2014 10:14pm Jan 27, 2014 10:14pm
Quoting Slim Buffett
{quote} Maybe........... but anytime I notice one of your charts.... you're selling as price goes up. Doesn't that get irritating to you after awhile.Or you just like to trade that way?? I suppose I don't get it.

Its part of my trading style.I just need 100pips correction to make profit.As you noticed my lots are small.
Not the best trading style I agree.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,951
  • Jan 27, 2014 10:17pm Jan 27, 2014 10:17pm
Quoting Davit
{quote} Its part of my trading style.I just need 100pips correction to make profit.As you noticed my lots are small. Not the best trading style I agree. Regards
I respect that but...............
I only need 100 pips to make my day.... no correction needed.

best though
When the Joker is in the deck.. fear not and play it well
  • #360,952
  • Jan 27, 2014 10:26pm Jan 27, 2014 10:26pm
Quoting Davit
{quote} Its part of my trading style.I just need 100pips correction to make profit.As you noticed my lots are small. Not the best trading style I agree. Regards
I've actually borrowed a little of your chart logic to implement into an automated trader...

It's actually pretty damn good.

A little of my own spin on application, but in both manual and auto, it's helped my game.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,953
  • Jan 27, 2014 10:26pm Jan 27, 2014 10:26pm
Quoting Slim Buffett
{quote} I respect that but............... I only need 100 pips to make my day.... no correction needed. best though

I trade ranges.I look for it and don't like trends.To me Cable has been in a range last 5yrs and we are trading at top of this range.To me I just can't buy at this levels.
I do understand why others long.Its just not in the cards for me.
On the flip side if trend truly goes 300+pips nose dive I can rip massive profits to compensate small losses.So I have the guns loaded in case that's all.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,954
  • Jan 27, 2014 10:29pm Jan 27, 2014 10:29pm
Quoting Magix
{quote} I've actually borrowed a little of your chart logic to implement into an automated trader... It's actually pretty damn good. A little of my own spin on application, but in both manual and auto, it's helped my game.

Hi Magic
Love to see your creation.All the best
In trading, you have to be defensive and aggressive at the same time
  • #360,955
  • Jan 27, 2014 10:31pm Jan 27, 2014 10:31pm
Quoting Davit
{quote} I trade ranges.I look for it and don't like trends.To me Cable has been in a range last 5yrs and we are trading at top of this range.To me I just can't buy at this levels. I do understand why others long.Its just not in the cards for me.
I Like your Trading style..
That's pretty good
Forex as Leverage
  • #360,956
  • Jan 27, 2014 10:35pm Jan 27, 2014 10:35pm
Quoting Davit
{quote} Hi Magic Love to see your creation.All the best
I've got the Trade Explorer added to my nick, $100 Dynamic.

Only started running it at market open, issue being that the trigger is a little to tight to have closed the backside...

Made a little change this evening, will see how it works out for the week.

First trade yesterday...have a look at the precision of the trigger. Price never made it to a secondary trade on a grid trader and I'm happy with the position.

Check it.

HERE.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #360,957
  • Jan 27, 2014 10:41pm Jan 27, 2014 10:41pm
Quoting Davit
{quote} I trade ranges.I look for it and don't like trends.To me Cable has been in a range last 5yrs and we are trading at top of this range.To me I just can't buy at this levels. I do understand why others long.Its just not in the cards for me.
So what it it was in a five year range? Do your trades last for 5 years?
From what I,'e seen of your charts, apparently not.
And you realize of course that nothing stays the same forever.
Sooner or later.... when you keep shorting at the top of the range
(or going long at the bottom) just because it was ther

You're going to get

http://ca1.engine.flamingtext.com/ne...om-9052768.gif
When the Joker is in the deck.. fear not and play it well
  • #360,958
  • Jan 27, 2014 10:41pm Jan 27, 2014 10:41pm
Quoting PayTheLimit
{quote} was gonna try for 6523, now me thinks 6463 is better...night
not this time..
Look Sharp/Trade Tight
  • #360,959
  • Jan 27, 2014 10:43pm Jan 27, 2014 10:43pm
Quoting Magix
{quote} I've got the Trade Explorer added to my nick, $100 Dynamic. Only started running it at market open, issue being that the trigger is a little to tight to have closed the backside... Made a little change this evening, will see how it works out for the week. First trade yesterday...have a look at the precision of the trigger. Price never made it to a secondary trade on a grid trader and I'm happy with the position. Check it. HERE.
Good luck with your progress.Looks good so far.
In trading, you have to be defensive and aggressive at the same time
  • #360,960
  • Jan 27, 2014 10:44pm Jan 27, 2014 10:44pm
Quoting Baggi
{quote} Yeah, an hour ago I was going to short then the wife asked me out to dinner. Lucky.

Nice! She is your good luck charm
All posts are my personal opinion
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