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Cable Update (GBPUSD)

  • #362,681
  • Feb 10, 2014 6:13am Feb 10, 2014 6:13am
any false moves the price should go with the trend .?
  • #362,682
  • Feb 10, 2014 6:15am Feb 10, 2014 6:15am
Quoting PayTheLimit
was looking to sell sterling on a bounce to 6420, seems like that ship has sailed...think I will try shorts at 6407, and risk 6417, try for 6367...

cancel, will look elsewhere...
Look Sharp/Trade Tight
  • #362,683
  • Feb 10, 2014 6:30am Feb 10, 2014 6:30am
Quoting Trader88q
i dont count on one metodology i got 5 or 6 of them. I count on all methods both smashed togother in one and making decition where to buy or sell. Now the situation is so. As i told if we will brake 6460 and hit 6500 be sure we are not gona go back to 6250 soon. No. Not that way. We will definetlly again will returt to 6700. I see the side chanell 6670-6250 like it was in october november 5920-6260 remember? Look: {image}
  • #362,684
  • Feb 10, 2014 6:32am Feb 10, 2014 6:32am
Quoting Trader88q
{quote} look i dont predicting i just creating few posibble scenarios one of those will certainlly materialize. I dont say that exactlly the same price but suppose if it will brake 6250 the price will stop at 6200-6150 zone if it will brake 6450 the price will stop at 6650-6700 zone If so then we all predicting.
  • #362,685
  • Feb 10, 2014 6:38am Feb 10, 2014 6:38am
whist I think theres something to learn about your style on entry ,I would criticise that after setting parameters on previous short ,it was very soon after being stopped on last short and close to that price that you entered again ??


Quoting GlobalMacro
{quote} agree prevailing trend (7 months) still up, just carefully trading the start of the reversal......bids @ 95 being taken out slowly right now....watching it closely tho
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,686
  • Feb 10, 2014 6:47am Feb 10, 2014 6:47am
Quoting Trader88q
i dont count on one metodology i got 5 or 6 of them. I count on all methods both smashed togother in one and making decition where to buy or sell. Now the situation is so. As i told if we will brake 6460 and hit 6500 be sure we are not gona go back to 6250 soon. No. Not that way. We will definetlly again will returt to 6700. I see the side chanell 6670-6250 like it was in october november 5920-6260 remember? Look: {image}
hi my method for today or scenario , today high 6425, we are in a pull back already on that high to 61%fib 6408 then quick sell off , 6350 or more , thats only my opinion,
  • #362,687
  • Feb 10, 2014 7:04am Feb 10, 2014 7:04am
Quoting PayTheLimit
{quote} cancel, will look elsewhere...
here it is again, bro ... looks pretty good...
Hear the music before the song is over ...
  • #362,688
  • Feb 10, 2014 7:19am Feb 10, 2014 7:19am
Quoting GlobalMacro
{quote} here it is again, bro ... looks pretty good...
I canceled those shorts, got impatient, plus short EY, and EU, looks like it would have been a nice spot to sell...was a low risk spot anyway...
Look Sharp/Trade Tight
  • #362,689
  • Feb 10, 2014 7:28am Feb 10, 2014 7:28am
2x short at 6410
In trading, you have to be defensive and aggressive at the same time
  • #362,690
  • Feb 10, 2014 7:31am Feb 10, 2014 7:31am
Quoting PayTheLimit
{quote} I canceled those shorts, got impatient, plus short EY, and EU, looks like it would have been a nice spot to sell...was a low risk spot anyway...
got it
Hear the music before the song is over ...
  • #362,691
  • Feb 10, 2014 7:32am Feb 10, 2014 7:32am
Quoting GlobalMacro
{quote} got it
Look Sharp/Trade Tight
  • #362,692
  • Feb 10, 2014 7:36am Feb 10, 2014 7:36am
Quoting GlobalMacro
{quote} got it
hi can i ask were your sl is mine is 7 pips over the high
  • #362,693
  • Feb 10, 2014 7:43am Feb 10, 2014 7:43am
seems to me like there is some support in the 6375/85 area, will look for that to be taken out first, then look to sell a bounce somewhere...thats my plan now anyway..laterz..
Look Sharp/Trade Tight
  • #362,694
  • Edited 8:01am Feb 10, 2014 7:47am | Edited 8:01am
price is making lower lows on H1 and less
If you are a bull this is not a good sign
We may see serious selling soon due to Yellen testifying tomorrow.

Previous shorts got Stopped out +20pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h1.png Size: 30 KB
In trading, you have to be defensive and aggressive at the same time
  • #362,695
  • Feb 10, 2014 8:04am Feb 10, 2014 8:04am
getting hammered on shorts
  • #362,696
  • Feb 10, 2014 8:10am Feb 10, 2014 8:10am
Quoting lamp
getting hammered on shorts
Why you were in profit last night....but don't worry we will see 6385 again very soon
In trading, you have to be defensive and aggressive at the same time
  • #362,697
  • Feb 10, 2014 8:11am Feb 10, 2014 8:11am
also id be interested to see the trend box thingy ,if that agrees short ? and how do you arrive at conclusion /significance ?


Quoting Bones
whist I think theres something to learn about your style on entry ,I would criticise that after setting parameters on previous short ,it was very soon after being stopped on last short and close to that price that you entered again ?? {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,698
  • Feb 10, 2014 8:13am Feb 10, 2014 8:13am
@davit
I opened another 2 positions in the last few hours around 1.63900 and the 200H1 SMA - these have removed a large chunk of my profits. Holding on though
  • #362,699
  • Feb 10, 2014 8:17am Feb 10, 2014 8:17am
Quoting Bones
also id be interested to see the trend box thingy ,if that agrees short ? and how do you arrive at conclusion /significance ? {quote}
check out Bones
Target is 1.60
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.weekly.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #362,700
  • Feb 10, 2014 8:20am Feb 10, 2014 8:20am
Quoting lamp
@davit I opened another 2 positions in the last few hours around 1.63900 and the 200H1 SMA - these have removed a large chunk of my profits. Holding on though
trade small so you don't panic and exit early.I trade without fixed SL.I only place SL once in profit
regards
In trading, you have to be defensive and aggressive at the same time
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