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Cable Update (GBPUSD)

  • #362,841
  • Feb 11, 2014 7:07am Feb 11, 2014 7:07am
[quote=elbert3;7273760]
Quoting chazzle
this current m15 candle possibly being powered by stops[/quote {image} thats the day chart were just above the 50% so i might wait a little
yes well out lol there was a little double bottom on the 1 min i jumped out then, i should of went long, but i had a visitor and left it,
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heres the 4 hour and just checked and gone short 6461 sl has to be above the 61% fib because of the RR
  • #362,842
  • Feb 11, 2014 7:11am Feb 11, 2014 7:11am
I think very likely 1.65 ,61.8 ,



Quoting Bones
few hours to close ,personally I don't see bears in control yet ,not even imediate tl ,and def not break up point , my parameters are to see falling tl reaction ,so close ,to see close back under break up , to see rejection off top of range {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,843
  • Feb 11, 2014 7:12am Feb 11, 2014 7:12am
The price finally reached the top. We should now expect candles tell us if continuous bullish movement.
It would be good that the price leading it back and try the yellow support, or the upper part of the lower channel.
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  • #362,844
  • Feb 11, 2014 7:13am Feb 11, 2014 7:13am
Quoting elbert3
yes well out lol there was a little double bottom on the 1 min i jumped out then, i should of went long, but i had a visitor and left it, heres the 4 hour and just checked and gone short 6461 sl has to be above the 61% fib because of the RR
ok - price seems a bit comfortable up here - 40 mins at this level so far ... I want to see a rejection first - gl
  • #362,845
  • Feb 11, 2014 7:21am Feb 11, 2014 7:21am
i made a remark this morning about the night time posting, just this morning you can see the difference in the posts, we all have our trades be it long or short, but we all give up our opinions ,ideas and charts which helps us all trade, we all do this to make money,,strange as it may seem lol, so i would like to thank you for your imput.the day time is far better,
  • #362,846
  • Feb 11, 2014 7:29am Feb 11, 2014 7:29am
Quoting GlobalMacro
{quote} Filled when cable dropped to 1.6382...should've set it lower, then could sell higher now...oh well. OK. Setting trade parameters: SHORT @ 1.6385 S/L : 1.6450 T/P: OPEN Cable now 1.6409 High: 1.6418 Open P&L : - 24 pips
Stopped @ 1.6450 P&L : - 65 pips

Not interested in taking long positions at this point.

Will have to re-evaluate.

All Positions FLAT now.
Hear the music before the song is over ...
  • #362,847
  • Feb 11, 2014 7:30am Feb 11, 2014 7:30am
Cable at DR3. 7 out 10 times PA remains contained by DR3/DS3 at close of play
  • #362,848
  • Feb 11, 2014 7:35am Feb 11, 2014 7:35am
exciting! for hours we had bare movements across all pairs, come 1:30 pm gmt and ka boom.
Hope you got some greens today=)
  • #362,849
  • Feb 11, 2014 7:36am Feb 11, 2014 7:36am
Quoting uksnowman
{quote} Finally got through those daily hammers above 1.633 and lit the blue touchpaper. Still targeting 1.642 and hopefully 1.655 but may not make it today. Gotta love a bit of NFP to get the rockets firing!! {image} {image}
Took off remaining GU and GJ trades, probably a bit too hasty but still need to work on holding trades for more than a few days. Nice to have a good start to the year!
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  • #362,850
  • Feb 11, 2014 7:53am Feb 11, 2014 7:53am
Stick on Short as long as below 649xx / if ...... waiting for add more at higher.
wouldn't buy at this price......... (actually, buy for scalping only over 1.6xxxx)

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  • #362,851
  • Feb 11, 2014 8:07am Feb 11, 2014 8:07am
On the medium term I see that the cable is loosing momentum and will go for 1.57800, any opinions? agreeing or disagreeing will be really appreciated

Thanks guys keep trading
  • #362,852
  • Feb 11, 2014 8:10am Feb 11, 2014 8:10am
GU H1

dark cloud on H1 - short - looking for real body mid to hold it ...
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  • #362,853
  • Feb 11, 2014 8:13am Feb 11, 2014 8:13am
Quoting Aboutera
On the medium term I see that the cable is loosing momentum and will go for 1.57800, any opinions? agreeing or disagreeing will be really appreciated Thanks guys keep trading
The probability that you can successfully forecast the direction of a currency pair over the medium term is quite low. Are you aware of that?
I have no clue what I'm talking about.
  • #362,854
  • Feb 11, 2014 8:21am Feb 11, 2014 8:21am
Quoting Boy Wonder
{quote} The probability that you can successfully forecast the direction of a currency pair over the medium term is quite low. Are you aware of that?
Well I am just talking in a like 2 or 3 weeks to come
  • #362,855
  • Feb 11, 2014 8:24am Feb 11, 2014 8:24am
Quoting chazzle
GU H1 dark cloud on H1 - short - looking for real body mid to hold it ... {image}
yes i think i will pull sl down if pos, i have pulled sl down on aud 1 had biggish short and took 90%off at 15 pips the profit is to much to lose even thou it has gone lower gl
  • #362,856
  • Feb 11, 2014 8:33am Feb 11, 2014 8:33am
Quoting chazzle
GU H1 dark cloud on H1 - short - looking for real body mid to hold it ... {image}
+12 on it - thought better close in profit before Janet starts "Yellen"



  • #362,857
  • Feb 11, 2014 8:35am Feb 11, 2014 8:35am
Quoting Aboutera
{quote} Well I am just talking in a like 2 or 3 weeks to come
When people use the term "medium term" in trading they usually mean at least a few months out. 2 or 3 weeks is quite short-term, albeit there are many (most) who trade such short time frames that they would probably consider 48 hours to be a long time frame.

Anyway, 2 or 3 weeks out? I think your chances of seeing 1.58 in 2 or 3 weeks are quite remote, but crystal ball I have none.
I have no clue what I'm talking about.
  • #362,858
  • Feb 11, 2014 8:50am Feb 11, 2014 8:50am
Quoting chazzle
{quote} +12 on it - thought better close in profit before Janet starts "Yellen"
i am still in, here is a story, we bought used cars from a dealer years ago,the dealer thought he was wise and a bit of a boy, so we would set a price for the car and bid him a lot lower,we get to price but he wants to be hjgher, so we toss a coin, but if we lose the losing price we lost at was the price we were happy to pay,so when your in profit try to put your sl were you would be happy insted of closing that way you could get a bit more, hope you dont mind the story,regards and gl
  • #362,859
  • Feb 11, 2014 8:53am Feb 11, 2014 8:53am
Quoting elbert3
when your in profit try to put your sl were you would be happy insted of closing that way you could get a bit more, hope you dont mind the story,regards and gl
I know mate - need to work on it - good to be flat before news though - I'm not as risk - hungry as I was 6hrs ago - gl
  • #362,860
  • Feb 11, 2014 8:56am Feb 11, 2014 8:56am
Quoting chazzle
{quote} +12 on it - thought better close in profit before Janet starts "Yellen"
Speech was released a while ago. http://www.federalreserve.gov/newsev...n20140211a.htm
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