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Cable Update (GBPUSD)

  • #361,521
  • Jan 30, 2014 9:22am Jan 30, 2014 9:22am
here G heres whats happening I think ,as eu



Quoting GlobalMacro
lol, right, keep that daily warm & ready...we'll take a look at it later today or tomorrow.... {quote}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur USD d1 Spot.png Size: 30 KB
Click to Enlarge Name: gbp usd USD d1 compare Spot.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,522
  • Jan 30, 2014 9:23am Jan 30, 2014 9:23am
so low tf bounce = false
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,523
  • Edited 9:38am Jan 30, 2014 9:26am | Edited 9:38am
Hello addicts, think it will go down again, short @1.6515, sl 1.6528, tp 1.6474 & 1.6450

good luck for all
That which does not kill us makes us stronger
  • #361,524
  • Jan 30, 2014 9:28am Jan 30, 2014 9:28am
We have an interesting dynamic going on the thread. Awesome.

Regards
  • #361,525
  • Jan 30, 2014 9:34am Jan 30, 2014 9:34am
Double top forming on M5.

Just watching.
  • #361,526
  • Jan 30, 2014 9:38am Jan 30, 2014 9:38am
Quoting TauTrader
We have an interesting dynamic going on the thread. Awesome. Regards
Closed weaker longs on the rise.

Got 2 entries live now -

both below 1.6500
  • #361,527
  • Jan 30, 2014 9:41am Jan 30, 2014 9:41am
Quoting elbert3
{quote} {image} clear of the trade now if the tl breaks to the up in long but not sure if it is only retesting the line if not short and x marks the spot ,,gl
Attached Image (click to enlarge)
Click to Enlarge Name: ad.png Size: 68 KB
just moved the line if it stays intact ??
  • #361,528
  • Jan 30, 2014 9:47am Jan 30, 2014 9:47am
Quoting diweer
Double top forming on M5. Just watching.
6518 has been rejected twice at the fractal level with two quick pullbacks. However price is working it's way through for another shot. This is also the daily retracement to 61 fib. The important levels are the 6450 and 6550. If the 61 fib holds I see us heading to the 450 if broken I see us heading back up to the 550.
  • #361,529
  • Jan 30, 2014 9:49am Jan 30, 2014 9:49am
Quoting elbert3
{quote} {image} clear of the trade now if the tl breaks to the up in long but not sure if it is only retesting the line if not short and x marks the spot ,,gl
Sounds like a good plan.
Hear the music before the song is over ...
  • #361,530
  • Jan 30, 2014 9:53am Jan 30, 2014 9:53am
Quoting GlobalMacro
{quote} Sounds like a good plan.
this will be my 3rd call to day if it breaks my 20 ema i am in big lol gl
  • #361,531
  • Jan 30, 2014 9:53am Jan 30, 2014 9:53am
Quoting Bones
so low tf bounce = false
yup. I wont ignore two weekly inverted hammers.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,532
  • Jan 30, 2014 9:54am Jan 30, 2014 9:54am
Quoting GlobalMacro
{quote} Raising S/L up to 1.6439: LONG @ 1.6455 S / L : 1.6439 T / P : OPEN Cable now 1.6514 Today's High : 1.6520 Open P&L : + 59 pips
It would be very interesting to see where you TP, I have the exact same trade with SL now at BE. I have my TP set at 6650, which I think is a little optimistic at this stage
  • #361,533
  • Jan 30, 2014 9:56am Jan 30, 2014 9:56am
Why try and pick the top, Tony....it's far easier to get in on the retracements.

Quoting Bones
here G heres whats happening I think ,as eu {quote} {image} {image}
Hear the music before the song is over ...
  • #361,534
  • Jan 30, 2014 9:57am Jan 30, 2014 9:57am
Quoting squawk
{quote} 6518 has been rejected twice at the fractal level with two quick pullbacks. However price is working it's way through for another shot. This is also the daily retracement to 61 fib. The important levels are the 6450 and 6550. If the 61 fib holds I see us heading to the 450 if broken I see us heading back up to the 550.

Yeah. True. Althugh I Entered a sparse short at 518 but sl set to BE. Just waiting to see how it runs.
  • #361,535
  • Jan 30, 2014 9:59am Jan 30, 2014 9:59am
Quoting squawk
{quote} 6518 has been rejected twice at the fractal level with two quick pullbacks. However price is working it's way through for another shot. This is also the daily retracement to 61 fib. The important levels are the 6450 and 6550. If the 61 fib holds I see us heading to the 450 if broken I see us heading back up to the 550.
I see us heading much lower than 450. The up move is exhausted, I am thinking 163.25 - 163.90 by tomorrow.
  • #361,536
  • Jan 30, 2014 10:28am Jan 30, 2014 10:28am
true I guess I'm just trading what I see ,I could say you picked the low of today pretty much ,that your buying into bearish daily ?


Quoting GlobalMacro
Why try and pick the top, Tony....it's far easier to get in on the retracements. {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,537
  • Jan 30, 2014 10:34am Jan 30, 2014 10:34am
put it this way take eu ,I think e.g. should find support ,so
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,538
  • Jan 30, 2014 10:40am Jan 30, 2014 10:40am
Now you're starting to confuse things my man....What are you talking about buying intraday low...

We're talking about daily, weekly, monthly all along.

I bought on 61.8 % retracement of daily move today.

And you're trying to sell into 7 month rally.....that my friend is picking tops.


Quoting Bones
true I guess I'm just trading what I see ,I could say you picked the low of today pretty much ,that your buying into bearish daily ? {quote}
Hear the music before the song is over ...
  • #361,539
  • Jan 30, 2014 11:04am Jan 30, 2014 11:04am
everyone different I guess ,I don't think im trying to pick a top as I have a top of range which is already laid out something good to trade off
show me on a chart how you decided to buy today



Quoting GlobalMacro
Now you're starting to confuse things my man....What are you talking about buying intraday low... We're talking about daily, weekly, monthly all along. I bought on 61.8 % retracement of daily move today. And you're trying to sell into 7 month rally.....that my friend is picking tops. {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,540
  • Jan 30, 2014 11:07am Jan 30, 2014 11:07am
also im looking at the gbp lfx with a long wicked doji on w1
and $ is pushing up


Quoting Bones
gbp usd w1 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXH4.png Size: 26 KB
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