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Cable Update (GBPUSD)

  • #364,161
  • Feb 17, 2014 10:33am Feb 17, 2014 10:33am
Quoting Davit
{quote} Trained my 2 sons.My younger one is in New Jersey now competing in nationals. Love Chess.I like even playing drunk.Fun part is after 2drinks you start using right side of the brain,creative part,daring great moves.After 4th drink your neurons start firing slower and that's when you put a bishop in front of pawn I am glad you like it.Great mental sport.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: -15.1%
  • #364,162
  • Feb 17, 2014 10:36am Feb 17, 2014 10:36am
Quoting Davit
{quote} Hi I posted here many times how I trade and got too many troll attacks, method,lot sizes distorted etc.In short people like to tell you "I am going to blow my account" Most people wired negatively.I am not going into details anymore how I trade suffice to say my SL has not been reached.
From your last image it seems you are shorting 2.4 lots or so, with an average price of 1.653xx or something near, which means you are down 4K$, so it just depends on the size of your account. If your account is 30k$ your risk is still acceptable. However if your account is 10K$ or even less, maybe people is right and you are lucky you didn't blow your account. I hope i didn't say anything offensive.
  • #364,163
  • Feb 17, 2014 10:38am Feb 17, 2014 10:38am
Quoting GDR3k
{quote} You are selling into support. Good luck though, who knows how far it'll drop...
yes thanks i know that is why i thought it strange to get a see signal there i took profit off my 2 shorts because of where the price was, i have a sell order below the support we will see i will keep you posted i have to go pick up the wife sl is on and i might come back to some more money ??? lol regards E
  • #364,164
  • Feb 17, 2014 10:42am Feb 17, 2014 10:42am
Quoting Carlicus
{quote} From your last image it seems you are shorting 2.4 lots or so, with an average price of 1.653xx or something near, which means you are down 4K$, so it just depends on the size of your account. If your account is 30k$ your risk is still acceptable. However if your account is 10K$ or even less, maybe people is right and you are lucky you didn't blow your account. I hope i didn't say anything offensive.
please I already mentioned not discussing details.You are not close at all.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #364,165
  • Feb 17, 2014 10:53am Feb 17, 2014 10:53am
Quoting Davit
{quote} Hi I posted here many times how I trade and got too many troll attacks, method,lot sizes distorted etc.In short people like to tell you "I am going to blow my account" Most people wired negatively.I am not going into details anymore how I trade suffice to say my SL has not been reached.
Hi Davit, I think we trade similar ways
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 40 KB
  • #364,166
  • Feb 17, 2014 10:54am Feb 17, 2014 10:54am
Quoting elbert3
{quote} yes thanks i know that is why i thought it strange to get a see signal there i took profit off my 2 shorts because of where the price was, i have a sell order below the support we will see i will keep you posted i have to go pick up the wife sl is on and i might come back to some more money ??? lol regards E
Ahhhhh, if you don't mind me asking, how are you getting your buy or sell signals?
  • #364,167
  • Feb 17, 2014 11:00am Feb 17, 2014 11:00am
If CPI is below 2.0% kiss the rate hike talk goodbye.
Year over year prices comps only get harder from here. Cable was at 1.48 in feb 2013.
Twitter: @TrendersGame
  • #364,168
  • Feb 17, 2014 11:05am Feb 17, 2014 11:05am
Here is my EW analysis of the price action:

http://www.uplooder.net/img/image/92.../gbpusdm30.png
  • #364,169
  • Feb 17, 2014 11:07am Feb 17, 2014 11:07am
short added 1.6800 and still holding 1.6750 from friday
now GU should close below 1.6705 to see some more drop... my first target is: 1.6475
  • #364,170
  • Feb 17, 2014 11:15am Feb 17, 2014 11:15am
Quoting Azim
{quote} Hi Davit, I think we trade similar ways {image}
Hi Azim.
If I may suggest you should move your upper SL lot lower in case of resuming up trend at least you will bank +pips
Once in profit I basically follow price 20pip distance.
Yes we have similarities and I like that you did not increase lot size on top.That's the difference of averaging in vs martingale.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #364,171
  • Feb 17, 2014 11:23am Feb 17, 2014 11:23am
Quoting Davit
{quote} Hi Azim. If I may suggest you should move your upper SL lot lower in case of resuming up trend at least you will bank +pips Once in profit I basically follow price 20pip distance. Yes we have similarities and I like that you did not increase lot size on top.That's the difference of averaging in vs martingale. Regards
Nice! Thanks for the tips. Anyway, I usually move my SL if there is a new LH.
  • #364,172
  • Feb 17, 2014 11:27am Feb 17, 2014 11:27am
Quoting Carlicus
I find it extremely strange that in the Bid/Ask, it is currently about 150M in each side, while usually it is half the volume, about 65 M on the bid/ask... This is suspicious
Where you seeing that?
  • #364,173
  • Feb 17, 2014 11:28am Feb 17, 2014 11:28am
Quoting Psychologist
Here is my EW analysis of the price action: {image}

Hi! I also counted 5 waves down. Why do you think the 2nd correction wave (with top on b on your chart) will bring us that high? Usually for 2 nd wave is to retrace around 50%, i.e. arounf 167.50-60.

P.S. Oh, I see, It's the 4th wave and you expect another top. I assume we did 5 waves up already and started going down.
  • #364,174
  • Feb 17, 2014 11:48am Feb 17, 2014 11:48am
cable price went from monthly s1 all the way to r2, spanning 3 monthly pivot regions. that is it for the current month and now the price is on its way down to check monthly r1 and pivot point one by one. will monthly r1 stop it? no. because next monthly pivot is below the current monthly r1, and the price will check it at 6592. on a weekly, last week price went all the way from pivot to over r3!! that is over extended. this week, the price dropped below the middle of weekly pivot and R1, and it will continue its way to check the weekly pivot at 6628. for now, forget about the top just made at 6822 in london session.

my rule of toe says, price tend not to miss pivot twice in a row, no matter it is daily, weekly, or monthly pivot. if it does miss pivot twice in a row, it surely wont miss the third one. i think cable missed last week pivot.

Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #364,175
  • Feb 17, 2014 12:06pm Feb 17, 2014 12:06pm
Ok now in quite conditions made deep analytic review on GU.
On my opinion is so.

1. It will definetlly hit 6600 tomorow and if daily candle will close below 6600 we may see 6500 easy then ???? dont know where it will go.
2. It will definetlly hit 6600 tomorow and if daily will not close below 6600 level ( 6600 support level +- support zone is 6570-6620)
then it will hit back like a rocket to 6800 again.

If that will hit to 6800 i think it will start to play on nerviuos of the market traders. We could see long flat till friday with +-50 pips up down up down like it was in 6250 before big boom.
  • #364,176
  • Feb 17, 2014 12:06pm Feb 17, 2014 12:06pm
I just closed my short. Will start looking for a new entry here.
  • #364,177
  • Feb 17, 2014 12:08pm Feb 17, 2014 12:08pm
Quoting Baggi
I just closed my short. Will start looking for a new entry here.
me too. i will put pending 6800 short TP 6350.
  • #364,178
  • Feb 17, 2014 12:08pm Feb 17, 2014 12:08pm
I just closed my shorts. I dont like this slow pattern.
  • #364,179
  • Feb 17, 2014 12:16pm Feb 17, 2014 12:16pm
Its a US holiday, im surprised this pair even moved at all today. Tomorrow should provide something more for this. To the bicycle!
All posts are my personal opinion
  • #364,180
  • Feb 17, 2014 12:17pm Feb 17, 2014 12:17pm
gonna try some sneak longs...pay 6702, risk 6694, tp 6792...
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