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Cable Update (GBPUSD)

  • #362,921
  • Feb 11, 2014 3:08pm Feb 11, 2014 3:08pm
TOMORROW !
  • #362,922
  • Feb 11, 2014 3:13pm Feb 11, 2014 3:13pm
Quoting Trader88q
{quote} 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
If there are lot's of examples of that, could you share the most recent one with me?
  • #362,923
  • Feb 11, 2014 3:43pm Feb 11, 2014 3:43pm
Quoting GlobalMacro
50% turning into support now.
Here's a flexible trader. Willing to cut losses and change direction. Hell, that's half the battle. Good job, man.

GBDUSD still looking incredibly bullish. My opinion is some of you guys taking shots at shorts for a few pips need to be a little more selective and go for more pips. Going for such small wins, especially against a strong market like we see right now, is a losing strategy long-term. Just my opinion, which comes from the experience of doing the same thing you are doing when I was less experienced.

I'm still long GBDNZD (1.9818), and it is looking to be explosive very soon now. To the upside, of course. Still targeting 2.100...yes, that is 2.1000, not 2.0100. This really shouldn't take that long if I'm right about it.

I've got a stop in, of course, but it is not close. I will probably look for a good place to get out if it even gets close. I don't post the exact spot where my stop is anymore. Not good form to do that on a public forum. Not an excuse, just not good form.
  • #362,924
  • Feb 11, 2014 3:48pm Feb 11, 2014 3:48pm
wheres the chart ,that says explosive to upside gbp nzd ?it could go up as its well within consolidation and last week bearish ,
I suspect it will stay in tight range if bullish as it needs to turn


Quoting Zappa
{quote} Here's a flexible trader. Willing to cut losses and change direction. Hell, that's half the battle. Good job, man. GBDUSD still looking incredibly bullish. My opinion is some of you guys taking shots at shorts for a few pips need to be a little more selective and go for more pips. Going for such small wins, especially against a strong market like we see right now, is a losing strategy long-term. Just my opinion, which comes from the experience of doing the same thing you are doing when I was less experienced. I'm still long GBDNZD...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,925
  • Feb 11, 2014 3:53pm Feb 11, 2014 3:53pm
Quoting Bones
wheres the chart ,that says explosive to upside gbp nzd ?it could go up as its well within consolidation and last week bearish , I suspect it will stay in tight range if bullish as it needs to turn {quote}

It's not one chart, it's looking at multiple timeframes on multiple pairs. My charts are clean, homie! Maybe a few horizontal lines, but that's it. I use logic from price.
  • #362,926
  • Feb 11, 2014 3:58pm Feb 11, 2014 3:58pm
Quoting Zappa
{quote} Here's a flexible trader. Willing to cut losses and change direction. Hell, that's half the battle. Good job, man. GBDUSD still looking incredibly bullish. My opinion is some of you guys taking shots at shorts for a few pips need to be a little more selective and go for more pips. Going for such small wins, especially against a strong market like we see right now, is a losing strategy long-term. Just my opinion, which comes from the experience of doing the same thing you are doing when I was less experienced. I'm still long GBDNZD...
what are your reasons for gbp/nz
  • #362,927
  • Feb 11, 2014 4:08pm Feb 11, 2014 4:08pm
Quoting Zappa
{quote} Here's a flexible trader. Willing to cut losses and change direction. Hell, that's half the battle. Good job, man. GBDUSD still looking incredibly bullish. My opinion is some of you guys taking shots at shorts for a few pips need to be a little more selective and go for more pips. Going for such small wins, especially against a strong market like we see right now, is a losing strategy long-term. Just my opinion, which comes from the experience of doing the same thing you are doing when I was less experienced. I'm still long GBDNZD...

Yup, looks like market's strong atm
Hear the music before the song is over ...
  • #362,928
  • Feb 11, 2014 4:10pm Feb 11, 2014 4:10pm
ok homie lol ,you may be right ,seems a little risky to me right now can't see the explosion and high risk break to downside ,
gbp nzd is a wild pair


Quoting Zappa
{quote} It's not one chart, it's looking at multiple timeframes on multiple pairs. My charts are clean, homie! Maybe a few horizontal lines, but that's it. I use logic from price.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,929
  • Feb 11, 2014 4:12pm Feb 11, 2014 4:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: sell.png Size: 58 KB
sorry guys been a bit busy, you can see my entry after spoting the res from weeks ago on the daily chart sl down to 6455 to take profit if it come back up if not carry on down,
  • #362,930
  • Feb 11, 2014 4:13pm Feb 11, 2014 4:13pm
here logic
Attached Image (click to enlarge)
Click to Enlarge Name: gbp NZD w1 cSpot.png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,931
  • Feb 11, 2014 4:14pm Feb 11, 2014 4:14pm
explosion to upside im gonna be supprised
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,932
  • Feb 11, 2014 4:15pm Feb 11, 2014 4:15pm
Quoting lamp
{quote} what are your reasons for gbp/nz
Ahh man...it really is a lot to spell out all the reasons why, but basically:

--I like the action over the last couple days
--I like the stops we took out to accumulate positions
--I like where it has turned in the past (to the upside)
--I don't like where it turned at 2.0428 (where are the stops?)
--I don't like the movement down from 2.0428 (too weak and easy to get in to)
--I'm bullish GBDUSD for similar reasons
--I'm bearish NZDUSD for similar reasons
  • #362,933
  • Feb 11, 2014 4:20pm Feb 11, 2014 4:20pm
Quoting Bones
explosion to upside im gonna be supprised
Look at a weekly chart.

Also, put a horizontal line at the high of 2.0428. Scroll back on the 4hr chart to where that line last hit price. Does that spot or area look like a good place for price to make a major reaction off of? Hell no should be your answer.
  • #362,934
  • Feb 11, 2014 4:26pm Feb 11, 2014 4:26pm
your kidding all that area is major pivot zone , I'm not saying long won't work just bit risky right now , tl there but back to it ?
its deep consolidation area ,


Quoting Zappa
{quote} Look at a weekly chart. Also, put a horizontal line at the high of 2.0428. Scroll back on the 4hr chart to where that line last hit price. Does that spot or area look like a good place for price to make a major reaction off of? Hell no should be your answer.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp NZD monthly Spot.png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,935
  • Feb 11, 2014 4:26pm Feb 11, 2014 4:26pm
Damn, I'm just watching this pair right now as we chat---it is going to blow, lol...I'm telling you!!

Alright guys, this is actually an easy one. It can be a lot less obvious in other trades.
  • #362,936
  • Feb 11, 2014 4:29pm Feb 11, 2014 4:29pm
Quoting Bones
your kidding all that area is major pivot zone , I'm not saying long won't work just bit risky right now , tl there but back to it ? its deep consolidation area , {quote} {image}
Don't you see how weak that move was? (Shaded oval)

Alright, gotta go guys. If you got any questions I'll answer later.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 51 KB
  • #362,937
  • Feb 11, 2014 4:30pm Feb 11, 2014 4:30pm
Quoting Bones
explosion to upside im gonna be supprised
Attached Image (click to enlarge)
Click to Enlarge Name: n.png Size: 58 KB
i did take 17 pips out of this today but sold it as it had a rejection ,and i am glad i did,just had a look at it and it looks like it could go down to the trend line, i would hold off entering for now unless you can see a breakout off the lines i have drawn
  • #362,938
  • Feb 11, 2014 4:42pm Feb 11, 2014 4:42pm
GBPNZD D1 VOODOO
Attached Image (click to enlarge)
Click to Enlarge Name: GND1.PNG Size: 73 KB
  • #362,939
  • Feb 11, 2014 4:47pm Feb 11, 2014 4:47pm
Quoting Zappa
{quote} Don't you see how weak that move was? (Shaded oval) Alright, gotta go guys. If you got any questions I'll answer later. {image}
Not quite sure how you evaluate that move as a weak leg down? looks like a highly efficient move down to me. Market fills in all the way down with no need to retrace.
  • #362,940
  • Feb 11, 2014 4:50pm Feb 11, 2014 4:50pm
Attachment could be right i see gbpusd make the same type of move up
Attached Image (click to enlarge)
Click to Enlarge Name: n3.png Size: 69 KB
i will play it out , ihave gone long to the cross and then i will sell and short at the same time . some thing to do
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