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Cable Update (GBPUSD)

  • #362,281
  • Feb 5, 2014 4:48pm Feb 5, 2014 4:48pm
Quoting Kajos2250
{quote} There could be less room to the left for a good long entry! Demand is a little bit lower, i think i will wait a bit...
I won't think and I won't guess or even wait - The PA show buy then am buy


Regards
  • #362,282
  • Feb 5, 2014 4:52pm Feb 5, 2014 4:52pm
Quoting deltaone
{quote} if it works better for you, you should not change. well, it´s late, i´ll go to bed. before, i´m listening to this (my wife got me to do so )
Alright. Cya.
Hear the music before the song is over ...
  • #362,283
  • Feb 5, 2014 4:54pm Feb 5, 2014 4:54pm
Quoting snipereye
{quote} Will do my friend! How u running this week?
Keepin' the ball rolling, but trying to catch the big fish. I think there's plenty of scratch to be made in several pairs right now, but GBPUSD is looking to be the most rewarding a.t.m.. Look at the weekly, we are about to break-out of a range. There is huge potential for this trade!

(Edit: Sorry attachment is so small. Tried to fit it all on one screen shot. Don't have a lot of experience taking screenshots.)
Attached Image (click to enlarge)
Click to Enlarge Name: latest trades.PNG Size: 80 KB
  • #362,284
  • Feb 5, 2014 4:55pm Feb 5, 2014 4:55pm
Quoting DailyChart
{quote} I won't think and I won't guess or even wait - The PA show buy then am buy Regards
Where is the invalidation price of this PA in your opinion?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 61 KB
Anything is math!
  • #362,285
  • Edited 5:27pm Feb 5, 2014 4:57pm | Edited 5:27pm
IMO
GU if it breaks 1.6350 anytime soon will be a relatively fast print tomorrow around the BoE/ECB decision before a collapse under 1.6250 -> 1.61 (ie i think you will need to be fast to take profit or leave an order) alternatively, we completely miss it and come back weeks later after GU gets pummeled closer to 1.60
it's surprising how many people want to be long after 3-6 months of trading ABOVE the institutional daily pivots with some brief dips below and now we are firmly BELOW both in GU and GBP/XXX and people are hoping for a scalp back to the pivot. positioning has totally flipped, why look for longs? i'm not saying sell now but buying is very risky absent a deeper dip here if you're not babysitting a TP due to the 2-way stops
for me:
the only valid trade is to leave offers in the 1.6360 -> 1.6425 range if there's an upside break to try again at 1.6250
alternatively we completely miss the upside for now and have to stop in short below 1.63, maybe around 1.6275
but on the very short term, you shouldn't sell above 1.63 as 1.6350 looks at risk
  • #362,286
  • Feb 5, 2014 5:00pm Feb 5, 2014 5:00pm
Place buy limit - could be too late but who knows
Attached Image (click to enlarge)
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  • #362,287
  • Feb 5, 2014 5:01pm Feb 5, 2014 5:01pm
Quoting TauTrader
Good day, I have an idea.. Let us start a thread with at least 10 traders contributing. we can do it all on demo accounts. We all start with 100 000 at the leverage of your choice. We run it for 365 days. I want a list of competitors.. Who is willing? Come on - put yourself forward.. I'm in. Who's the next trader? Regards
Good Evening Sir

Am I right in assuming we will all trade in USD?
  • #362,288
  • Feb 5, 2014 11:17pm Feb 5, 2014 11:17pm
Quoting nAVIN2007
{quote} rules are there to protect u.. trading is a matrix of randomness..if what u do is consistent and gives a positive result..u have a system, Breaking this system can destroy your account..if u can maintain a good balance..your job in trading will be a lot easier perhaps u have got to a stage in trading where u can understand why things works.. bottom line is 90% of people doing this will lose..rules or no rules if u are the 10% making money..u are doing something right! davit..is making at least 6% a month..that is a fantastic achievement...
Morning Nav, you around early, or is that late?
  • #362,289
  • Feb 6, 2014 12:14am Feb 6, 2014 12:14am
Might get some more down pressure today to the main 23 fib/support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdproh4.png Size: 24 KB
Click to Enlarge Name: gbpusdprodaily.png Size: 25 KB
Come with me if you want to live....
  • #362,290
  • Feb 6, 2014 12:53am Feb 6, 2014 12:53am
Pinbar on a support/resistance zone d1

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1.PNG Size: 31 KB


Inverse head and shoulder on h4
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.PNG Size: 26 KB


C: bullish trend resumption
  • #362,291
  • Feb 6, 2014 1:24am Feb 6, 2014 1:24am
Targeting 1.6405
See you there.... or not......
Attached Image
That which does not kill us makes us stronger
  • #362,292
  • Feb 6, 2014 1:56am Feb 6, 2014 1:56am
Quoting Ill-b-back
Might get some more down pressure today to the main 23 fib/support. {image} {image}
looks like just you and me thinking that this morning
  • #362,293
  • Feb 6, 2014 2:16am Feb 6, 2014 2:16am
Quoting GlobalMacro
{quote} Cable now 1.6311 = BUY STOP ORDER FILLED @ 1.6308: LONG @ 1.6308 S / L : 1.6248 T / P : OPEN
Closing long position here @ 1.6308.

P&L : +/- 0 pips

All positions FLAT now.
Hear the music before the song is over ...
  • #362,294
  • Feb 6, 2014 3:09am Feb 6, 2014 3:09am
Quoting wakas
Short GU @ 6313 ...tp 6250 and sl 6345 , What do you guys say ???
Might work out well for You

Attached Image (click to enlarge)
Click to Enlarge Name: gbp123.png Size: 100 KB


If we wont break 1,633 zone and 1,635 level then it's huge probability that we should se new low at around 1,62 level today or later this week.
  • #362,295
  • Feb 6, 2014 3:17am Feb 6, 2014 3:17am
short again at 1.6298 3 shorts now 20 lot at 6328 5 lot 6319 and i will sell the 20 lots at 6250 ish depending on candle and let the other 2 run 6200 or more sl down to 6307
  • #362,296
  • Feb 6, 2014 3:25am Feb 6, 2014 3:25am
Quoting TauTrader
{quote} awesomeness! I will set up the thread over the coming week end. you are a great sport. Respect! Regards
you should do it with 10,000 that way you will lose traders trying to kill the price war.mm it to hard at that level
  • #362,297
  • Feb 6, 2014 3:29am Feb 6, 2014 3:29am
07:45FREURIndividual Investment (Current Year) (Q1)[highlight=transparent; background-image:url(http://cdn.fxstreet.com/img/sprites/sprite-mega19.png); background-position:-169px -272px; background-repeat:no-repeat no-repeat; border:0px; direction:ltr; display:inline-block; float:left; height:16px; margin:0px; outline:0px; overflow:hidden; padding:0px; text-align:left; text-indent:-999px; vertical-align:middle; width:20px]1[/highlight]3% -7% 08:00UKGBPHalifax House Prices (MoM) (Jan)[highlight=transparent; background-image:url(http://cdn.fxstreet.com/img/sprites/sprite-mega19.png); background-position:-169px -272px; background-repeat:no-repeat no-repeat; border:0px; direction:ltr; display:inline-block; float:left; height:16px; margin:0px; outline:0px; overflow:hidden; padding:0px; text-align:left; text-indent:-999px; vertical-align:middle; width:20px]1[/highlight]1.1%1.0%-0.6% 08:00UKGBPHalifax House Prices (3m/YoY) (Jan)[highlight=transparent; background-image:url(http://cdn.fxstreet.com/img/sprites/sprite-mega19.png); background-position:-169px -272px; background-repeat:no-repeat no-repeat; border:0px; direction:ltr; display:inline-block; float:left; height:16px; margin:0px; outline:0px; overflow:hidden; padding:0px; text-align:left; text-indent:-999px; vertical-align:middle; width:20px]1[/highlight]7.3%7.2%7.5% good news for gb but no move up ????????????????
  • #362,298
  • Feb 6, 2014 3:31am Feb 6, 2014 3:31am
Quoting Wuza
{quote} Might work out well for You {image} If we wont break 1,633 zone and 1,635 level then it's huge probability that we should se new low at around 1,62 level today or later this week.
Yeah man , thaks .... you are right ,
i just cut my short in 20 pips profit and i am long now !!!

thnks again for your detailed reply
  • #362,299
  • Feb 6, 2014 3:31am Feb 6, 2014 3:31am
sorry about that last post it did not look anything like that when i pasted it to the thread
  • #362,300
  • Feb 6, 2014 3:35am Feb 6, 2014 3:35am
Quoting elbert3
short again at 1.6298 3 shorts now 20 lot at 6328 5 lot 6319 and i will sell the 20 lots at 6250 ish depending on candle and let the other 2 run 6200 or more sl down to 6307
wow, 20 lot, Real or demo?
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