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Cable Update (GBPUSD)

  • #369,541
  • Mar 28, 2014 1:24am Mar 28, 2014 1:24am
Quoting tlpfx14
{quote} gr8 analysis kindly post often for discussion: why some traders use high $ ma like yours 50 + 200 ma vs. others use low # like 10 + 20 ma? thanks for your time cheers
Hello tlpfx,

Its not a bad question at all and I suspect a lot of people don't realise why traders are using such diverse moving averages (I'm sure we'll get some other views too)
The most common MA's are the 50 and 200 sma's on institutional charts, so the banks and large funds view the 200 sma as indicating the master trend and the 50 gives short term direction.

On lower time frames traders will use 9, 18 and 21 sma's and exponential ma's to determine entry and exit as a trending strategy. There are other strategies which use a combination of other indicators and moving averages to determine trend direction and the best entry and exit points to trade. If you search around FF you'll find quite diverse views. However on the Daily TF the 50 and 200 sma's give an institutional view... The further apart they are when moving in the same direction the stronger the trend is thought to be.

Trade safe.
  • #369,542
  • Mar 28, 2014 1:30am Mar 28, 2014 1:30am
Quoting reizamv
lets wait for the news in GBP....it can make a good profit
23 years old and you are a senior trader. another 4 years and you will be what senior manager. then another 6 years and you will be what CEO
  • #369,543
  • Mar 28, 2014 1:47am Mar 28, 2014 1:47am
Quoting giveachance
{quote} 23 years old and you are a senior trader. another 4 years and you will be what senior manager. then another 6 years and you will be what CEO
morning GC , how are you seeing it today,
  • #369,544
  • Mar 28, 2014 2:26am Mar 28, 2014 2:26am
Quoting godim
{quote} There are the Principles. Resulting from the rule for all angles. {image}
The normal target is movement of the yellow to yellow. No change of conditions. There is a criterion for an end to the trend. This is the price to fall below the blue line with the 6606 level.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 60 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,545
  • Mar 28, 2014 2:35am Mar 28, 2014 2:35am
Quoting godim
{quote} Sorry a bit delayed in the post. {image}
Is there support? That is the question. For now there is!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_daily.gif Size: 67 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,546
  • Mar 28, 2014 2:58am Mar 28, 2014 2:58am
6627 is the 61 fib off yesterdays move will it hold it ??? be a good place if it shorts res was 6625
  • #369,547
  • Mar 28, 2014 3:09am Mar 28, 2014 3:09am
Quoting godim
{quote} Is there support? That is the question. For now there is! {image} {image}
No!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 51 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,548
  • Mar 28, 2014 3:27am Mar 28, 2014 3:27am
Quoting elbert3
6627 is the 61 fib off yesterdays move will it hold it ??? be a good place if it shorts res was 6625
There UpTrend. Trade with the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 124 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,549
  • Mar 28, 2014 3:29am Mar 28, 2014 3:29am
Quoting elbert3
{quote} morning GC , how are you seeing it today,
hello elbert. not much to discuss here. 1.6675 max for today and downside I have 1.6565. I don't think GDP will move this today. trade balance won't either. it looks like a dull day
  • #369,550
  • Mar 28, 2014 3:45am Mar 28, 2014 3:45am
Quoting giveachance
{quote} hello elbert. not much to discuss here. 1.6675 max for today and downside I have 1.6565. I don't think GDP will move this today. trade balance won't either. it looks like a dull day
yes hope so i think ,???? feeling?? that yesterdays high was it thou was going to post 1.6666 as a target but got back into short thinking.. we will see, gl today. i dont want to be giving the profit back lol
  • #369,551
  • Mar 28, 2014 3:52am Mar 28, 2014 3:52am
Quoting elbert3
{quote} yes hope so i think ,???? feeling?? that yesterdays high was it thou was going to post 1.6666 as a target but got back into short thinking.. we will see, gl today. i dont want to be giving the profit back lol
it looks like 61 fib might be the one see if we get 6605 pivot ??
  • #369,552
  • Mar 28, 2014 3:54am Mar 28, 2014 3:54am
Quoting elbert3
{quote} it looks like 61 fib might be the one see if we get 6605 pivot ??
euro is close to 3680 target. if it moves with the euro we may touch 1.6595 soon.
  • #369,553
  • Mar 28, 2014 4:33am Mar 28, 2014 4:33am
shocking UK numbers - back down?
  • #369,554
  • Mar 28, 2014 4:58am Mar 28, 2014 4:58am
Quoting giveachance
{quote} euro is close to 3680 target. if it moves with the euro we may touch 1.6595 soon.
if you look at last nights post i think it was the same number
  • #369,555
  • Mar 28, 2014 4:58am Mar 28, 2014 4:58am
Quoting elbert3
6581 looks good to me ??? remember 6290
see above
  • #369,556
  • Mar 28, 2014 5:17am Mar 28, 2014 5:17am
I sold 1,6617 with 10 pips stop and 1,6577 target
swing it!
  • #369,557
  • Mar 28, 2014 5:27am Mar 28, 2014 5:27am
Quoting JimmyC
{quote} Hello tlpfx, Its not a bad question at all and I suspect a lot of people don't realise why traders are using such diverse moving averages (I'm sure we'll get some other views too) The most common MA's are the 50 and 200 sma's on institutional charts, so the banks and large funds view the 200 sma as indicating the master trend and the 50 gives short term direction. On lower time frames traders will use 9, 18 and 21 sma's and exponential ma's to determine entry and exit as a trending strategy. There are other strategies which use a combination...
i see now.
thanks a lot for your time.
pls. post more - i enjoy reading and learn your trading views
  • #369,558
  • Mar 28, 2014 5:36am Mar 28, 2014 5:36am
Quoting tomspin
I sold 1,6617 with 10 pips stop and 1,6577 target
All right. Openings of 6612. The level of the line 6617. This means resistance. But then there is a "loss of resistance" at the level of 6618. That to me is likely to move along the line. After 4 hours we can expect the price level of 6623.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 62 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,559
  • Mar 28, 2014 6:12am Mar 28, 2014 6:12am
You guys still crack me up. I can promise you institutional Banks and traders could care less was an ema or sma is. They drive price they don't need some silly indicator to tell them when to get into trades.
  • #369,560
  • Mar 28, 2014 6:15am Mar 28, 2014 6:15am
Quoting lonewolf1
You guys still crack me up. I can promise you institutional Banks and traders could care less was an ema or sma is. They drive price they don't need some silly indicator to tell them when to get into trades.
Place 10 SMA on the naked chart and watch candles around london open. There is a very simple signal once in a while for 50 pips, ALWAYS london open
swing it!
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