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Cable Update (GBPUSD)

  • #365,721
  • Feb 24, 2014 7:42pm Feb 24, 2014 7:42pm
Quoting cheater
{quote} Because of the flag?
Cheater whats your play? or are you on the sidelines?
There are those who know, and there are those who don't know.
  • #365,722
  • Feb 24, 2014 7:50pm Feb 24, 2014 7:50pm
Quoting palabara
{quote} Cheater whats your play? or are you on the sidelines?
still holding my 3 short positions with 1 in red lol
  • #365,723
  • Feb 24, 2014 7:54pm Feb 24, 2014 7:54pm
Quoting palabara
{quote} Cheater whats your play? or are you on the sidelines?
what abt your play?
  • #365,724
  • Feb 24, 2014 7:56pm Feb 24, 2014 7:56pm
Quoting cheater
{quote} still holding my 3 short positions with 1 in red lol
I'm still keeping my view on short. Even though I was 30 Pips from TP today.. it gets close to tease me and then pull away.
There are those who know, and there are those who don't know.
  • #365,725
  • Feb 24, 2014 7:59pm Feb 24, 2014 7:59pm
Quoting palabara
{quote} I'm still keeping my view on short. Even though I was 30 Pips from TP today.. it gets close to tease me and then pull away.
i'm maintaining my short view too. what's your TP target? 6550?
  • #365,726
  • Feb 24, 2014 8:03pm Feb 24, 2014 8:03pm
Quoting cheater
{quote} i'm maintaining my short view too. what's your TP target? 6550?
1.6553 yeah
There are those who know, and there are those who don't know.
  • #365,727
  • Feb 24, 2014 8:03pm Feb 24, 2014 8:03pm
Quoting cheater
{quote} i'm maintaining my short view too. what's your TP target? 6550?

What makes you think 6650?
insideBars==boss
  • #365,728
  • Feb 24, 2014 8:04pm Feb 24, 2014 8:04pm
Quoting palabara
{quote} 1.6553 yeah
ahh never mind that...i can see on my chart now..skewed timing
  • #365,729
  • Feb 24, 2014 8:05pm Feb 24, 2014 8:05pm
Quoting adamjn
{quote} What makes you think 6650?
yesterday's low was 6582
  • #365,730
  • Feb 24, 2014 8:07pm Feb 24, 2014 8:07pm
Quoting Ill-b-back
I may regret this, but closed all shorts and now long.
No, daily/4hr PA off support.
This congested PA from last week, Monday and moves today have me questioning position.
Quite prepared to be wrong and will reassess if and when we close daily below 66.
At Uni now, got to go
Come with me if you want to live....
  • #365,731
  • Feb 24, 2014 8:09pm Feb 24, 2014 8:09pm
Quoting cheater
{quote} ahh never mind that...i can see on my chart now..skewed timing
Its a reachable goal, its within sight within grasp its realistic and achievable.. it can be achieved within one day run of err bears at this point, and at the same time.. Between all my 3 shorts going to net me around.. 350-400 pips.
There are those who know, and there are those who don't know.
  • #365,732
  • Feb 24, 2014 8:12pm Feb 24, 2014 8:12pm
Quoting ArekJP
{quote} Great job JimmyC! Let me know when book is out - looks like one of those books i would like to read! Before I stare please correct me if I'm incorrect in any part. China indeed is on the edge of collapse, housing market has been losing momentum since end of last year. China owns $1.2 trillion of US debt, Japan $0.9 trillion, Taiwan $150 billion, Hong Kong $122 billion. There is obviously Great Britain and Brazil, but large the largest condensation of US debt is in Asia. At the same time Asia - especially China (oh, such a surprise - over...
Arek, the biggest issue is you can't have an equity market FTSE at multi year (14) highs and a currency at multiyear high's. That places the market out of balance something has to give... Will it be the pound or the FTSE? The $ or the SPX etc etc

Your assessment is therefore correct
  • #365,733
  • Feb 24, 2014 8:12pm Feb 24, 2014 8:12pm
any GBP/CAD longs here ??
  • #365,734
  • Feb 24, 2014 8:13pm Feb 24, 2014 8:13pm
Quoting palabara
{quote} Its a reachable goal, its within sight within grasp its realistic and achievable.. it can be achieved within one day run of err bears at this point, and at the same time.. Between all my 3 shorts going to net me around.. 350-400 pips.
hahaha that's so in line with my total pips gain across my 3 shorts...did spirit bear whisper my secret to you?
  • #365,735
  • Feb 24, 2014 8:15pm Feb 24, 2014 8:15pm
Quoting Ill-b-back
{quote} Very good post there Jimmy C, love those trading cards, stuff to hang on the walls, make a lot of sense. From a bears perspective I hope BF means Bull#^*+ Flag.
It could indeed be a bull flag, even in that non-classic shape (falling expanding wedge) can break to the upside (57%) probability. Depends on if the FTSE holds its highs. The next week is going to be very interesting. The $DX seems very weak, but that correlates to the $Indexes.

Good luck
  • #365,736
  • Feb 24, 2014 8:19pm Feb 24, 2014 8:19pm
Quoting cheater
{quote} hahaha that's so in line with my total pips gain across my 3 shorts...did spirit bear whisper my secret to you?
originally i had my TP right at where market reached today that specific point.. I have moved it based on the larger correction just by 30 pips.. My system also has yet to confirm a short yet.. this sideways down channel is still unpredictable does not paint a clear view and sends mixed signals, but from past statistical data.. The next confirmed trade would be short.. So with some analysis even if it would have not reached my TP from the entry point.. Still enough where it would reach 1.6553

In a non casual way the bears told me all of this!
There are those who know, and there are those who don't know.
  • #365,737
  • Feb 24, 2014 8:28pm Feb 24, 2014 8:28pm
Quoting Capelli
any GBP/CAD longs here ??
in the opposite,i'd like to be a shorter.
will usdcad rise to 1.16?i doubt about that much.
no other killers to me but emotion
  • #365,738
  • Feb 24, 2014 8:29pm Feb 24, 2014 8:29pm
Quoting palabara
{quote} originally i had my TP right at where market reached today that specific point.. I have moved it based on the larger correction just by 30 pips.. My system also has yet to confirm a short yet.. this sideways down channel is still unpredictable does not paint a clear view and sends mixed signals, but from past statistical data.. The next confirmed trade would be short.. So with some analysis even if it would have not reached my TP from the entry point.. Still enough where it would reach 1.6553 In a non casual way the bears told me all of...
indeed its doable, even for 6536 at D1 50% target...now i gotta catch the spy bears who leaked the intel to you
  • #365,739
  • Feb 24, 2014 8:32pm Feb 24, 2014 8:32pm
Quoting palabara
{quote} I think that should be reason enough.. A smooth sail!
Someone needs to take-profit or short so this thing can move!
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  • #365,740
  • Feb 24, 2014 8:44pm Feb 24, 2014 8:44pm
this needs to hold for bears i think
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