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Cable Update (GBPUSD)

  • #362,901
  • Feb 11, 2014 11:35am Feb 11, 2014 11:35am
you do have higher tf charts ,I'm guessing you don't even attempt to read

Quoting Boy Wonder
{quote} 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.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,902
  • Feb 11, 2014 11:36am Feb 11, 2014 11:36am
Quoting elbert3
{quote} hi i have just come back in, have a look on the day chart you will see a big red candle i have used this as a res line with sl on the 61%fib i hve 30 pips sp far i cant post chart i have to run back out to pick the wife up i had a bear candle on the 1 min at 1648 i went short there i ma pulling down sl to keep at least 20 pips and hope it will be down when i get back, i am late now see u later ps gl
Hi, the bearish bar coincides with the broken TL...price pushing up strong so far....on the sidelines for now.
Hear the music before the song is over ...
  • #362,903
  • Feb 11, 2014 11:40am Feb 11, 2014 11:40am
crystal ball


Quoting Bones
you do have higher tf charts ,I'm guessing you don't even attempt to read {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD monthly Spot.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,904
  • Feb 11, 2014 12:19pm Feb 11, 2014 12:19pm
Quoting Baggi
We always get to buy territory just as I'm about to head to bed. Bah.

Yep, just as I figured. Probably should have bought and just set a loose stop. Ah well, woulda coulda shoulda.
  • #362,905
  • Feb 11, 2014 12:31pm Feb 11, 2014 12:31pm
GU M15

... one last long ... just trying to follow intraday trend
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 46 KB
  • #362,906
  • Feb 11, 2014 12:41pm Feb 11, 2014 12:41pm
Quoting chazzle
GU M15 ... one last long ... just trying to follow intraday trend {image}
guess that's a no then ... out -10
  • #362,907
  • Feb 11, 2014 12:51pm Feb 11, 2014 12:51pm
Quoting elbert3
some old res at 6478???
hi chazzle i posted the above over 2 hours ago but i think you had gone i went short on seeing it i thought you were looking for shorts ?? any way there is another one around the corner, regards
  • #362,908
  • Feb 11, 2014 1:09pm Feb 11, 2014 1:09pm
Quoting elbert3
{quote} hi chazzle i posted the above over 2 hours ago but i think you had gone i went short on seeing it i thought you were looking for shorts ?? any way there is another one around the corner, regards
My friend, you are going to burn yourself out chasing these pips ....
  • #362,909
  • Feb 11, 2014 1:11pm Feb 11, 2014 1:11pm
Quoting elbert3
{quote} hi chazzle i posted the above over 2 hours ago but i think you had gone i went short on seeing it i thought you were looking for shorts ?? any way there is another one around the corner, regards

I had the same level marked pretty much - bullish most of the day , but a couple of shorts on prospective exhaustion points - flat now, charts shut down - not trading slow PA - back for more tomorrow ... gl

nice entry btw
  • #362,910
  • Feb 11, 2014 1:30pm Feb 11, 2014 1:30pm
Quoting chazzle
GU M15 ... one last long ... just trying to follow intraday trend {image}
  • #362,911
  • Feb 11, 2014 1:45pm Feb 11, 2014 1:45pm
50% turning into support now.
Hear the music before the song is over ...
  • #362,912
  • Feb 11, 2014 2:03pm Feb 11, 2014 2:03pm
Went ahead and picked up a long position here. Don't know if I'll hold onto it for long though.
  • #362,913
  • Feb 11, 2014 2:28pm Feb 11, 2014 2:28pm
as gu ,eu up against strong res ,
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d1 Spot.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,914
  • Feb 11, 2014 2:54pm Feb 11, 2014 2:54pm
Quoting GlobalMacro
{quote} OK. You looking to sell?
I will wait 6600 then will sell. If not then will put pending at 6300 TP 6100
To buy needed at 6250 but i missed it cause technically it looked like we now crash boom bam to 6000
  • #362,915
  • Feb 11, 2014 2:57pm Feb 11, 2014 2:57pm
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}
So we broke 6460
  • #362,916
  • Feb 11, 2014 3:00pm Feb 11, 2014 3:00pm
Today i dont see very huge volatility as we was thinking. As long it stands quiet as more possibillity it will move dramatically up or down 200-300 pips in 60 minutes. Tomorow is that day i think. In 60 minutes it will move or to 6600 or will go back to 6250
  • #362,917
  • Feb 11, 2014 3:02pm Feb 11, 2014 3:02pm
Quoting Trader88q
Today i dont see very huge volatility as we was thinking. As long it stands quiet as more possibillity it will move dramatically up or down 200-300 pips in 60 minutes. Tomorow is that day i think. In 60 minutes it will move or to 6600 or will go back to 6250

When was the last time GU moved 200-300 pips in one direction over the course of 60 minutes?
  • #362,918
  • Feb 11, 2014 3:03pm Feb 11, 2014 3:03pm
I was more on sell till 6460 but once that broken up thats bad indication for bears. Now better to wait. But dont buy cause it could hit back to 6300 again and even continue and brake up 6250. If that will start OMG bloody retail bulls will stay on ice. The possible crash down to 6100 is still on the table.
  • #362,919
  • Feb 11, 2014 3:07pm Feb 11, 2014 3:07pm
Quoting Baggi
{quote} When was the last time GU moved 200-300 pips in one direction over the course of 60 minutes?
As a example. Dont take it as a rule but there was a days when in one days when in 1,2,4 hours it moved 200-300 pips. U know market maker making huge moves in order that retailers will miss it. I see 1000 examples when GU is crashing 100-150 pips in 15 minutes. 100 pips in 5 minutes a lot examples. So dont be surprised. Thats the game of bloody market makers
  • #362,920
  • Feb 11, 2014 3:07pm Feb 11, 2014 3:07pm
Quoting Ill-b-back
An area I am watching for signs of rejection {image} {image}
Rejection?

Will wait for daily closing to see

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 34 KB
Click to Enlarge Name: gbpusddaily.png Size: 33 KB
Come with me if you want to live....
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