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Cable Update (GBPUSD)

  • #371,261
  • Apr 9, 2014 2:48pm Apr 9, 2014 2:48pm
Quoting ruffryders
{quote} JimmyC, nice spotting, should've posted earlier but.
I posted this 9 hrs ago


http://www.forexfactory.com/showthre...57#post7393157


Now

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 23 KB


I also said I'm still long...

  • #371,262
  • Apr 9, 2014 2:52pm Apr 9, 2014 2:52pm
Quoting albchr
{quote} I'm well my friend and you? Hope the market is treating you well.
I have been doing very well. Market has been very kind to me as of late. Really been focusing on Options and Futures the past year or two more than FX since I have been Very Bullish with that. Cable has been in a tight 5350 - 6700 range so really only take select trades on these. I have been trading GBP/JPY quite a bit though. That one seems to have been moving in a better trend lately.

I opened options trades today for calls in HD, FB, VRZ, GE, and took longs on TF and ES.

So far so good... Check out the Futures if you have time, they have been riding a very tight up channel. Go long on the bottom channel wall, get out at the top and wait.
  • #371,263
  • Apr 9, 2014 2:57pm Apr 9, 2014 2:57pm
Quoting JimmyC
{quote} I posted this 9 hrs ago http://www.forexfactory.com/showthre...57#post7393157 Now {image} I also said I'm still long...
well done boss! your long GU is confirmed by weekly harmonic pattern on NU. http://www.forexfactory.com/showthre...24#post7394824
  • #371,264
  • Apr 9, 2014 3:09pm Apr 9, 2014 3:09pm
Quoting Ctic
{quote} I have been doing very well. Market has been very kind to me as of late. Really been focusing on Options and Futures the past year or two more than FX since I have been Very Bullish with that. Cable has been in a tight 5350 - 6700 range so really only take select trades on these. I have been trading GBP/JPY quite a bit though. That one seems to have been moving in a better trend lately. I opened options trades today for calls in HD, FB, VRZ, GE, and took longs on TF and ES. So far so good... Check out the Futures if you have time, they have...
That's great to hear buddy I had to turn away from the markets for some time due to family heath issues. Still in the middle of all that but been keeping a loose eye on things.

Never looked at Options or Futures before but I may down the road. Yeah, cable is....well...cable...lol. The dragon is still my favorite pair and I traded that almost exclusively before taking this break. I see them both as range bound the past couple months and getting ready to decide direction soon me thinks. May the pip fairy continue to smile upon you buddy.
Ghost Rider - WWTBMD?
  • #371,265
  • Apr 9, 2014 3:13pm Apr 9, 2014 3:13pm
Quoting godim
{quote} necessary a slight penetration. 1-2 pips enough. {image}
Is already happening.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15.gif Size: 56 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,266
  • Apr 9, 2014 3:16pm Apr 9, 2014 3:16pm
Quoting albchr
{quote} That's great to hear buddy I had to turn away from the markets for some time due to family heath issues. Still in the middle of all that but been keeping a loose eye on things. Never looked at Options or Futures before but I may down the road. Yeah, cable is....well...cable...lol. The dragon is still my favorite pair and I traded that almost exclusively before taking this break. I see them both as range bound the past couple months and getting ready to decide direction soon me thinks. May the pip fairy continue to smile upon you buddy....
I agree, I think everything is about to pick a direction. I have been watching Aud/USD lately as well and that has had considerable drawback from it's highs. I have taken longs in that from time to time and I think we will go back to 1.00 and higher. USD/CHF has a 20 year head and shoulder that it broke so it looks like that is going to be a massive short here, and when that happens, everything against the dollar will rise.

I truly believe the USD is doomed in the long run as is the JPY. Time will tell though.

I hope everything goes well with you and your family and will keep you and them in my thoughts and prayers. May the pip fairy be kind to you as well.
  • #371,267
  • Apr 9, 2014 3:20pm Apr 9, 2014 3:20pm
just picked up 15 big ones of NUs, now I'm fairly diversified. Would love to get cable, but no more room left.
besided this sucker sat be back by 100K recently, so I took that personally.
  • #371,268
  • Apr 9, 2014 3:25pm Apr 9, 2014 3:25pm
Quoting ruffryders
just picked up 15 big ones of NUs, now I'm fairly diversified. Would love to get cable, but no more room left. besided this sucker sat be back by 100K recently, so I took that personally.
Take a look at GBP/JPY, that one looks like it has quite a bit more to run on the upside. Broke above the weekly open today and I can see that running back to 174.
  • #371,269
  • Apr 9, 2014 3:29pm Apr 9, 2014 3:29pm
Quoting Ctic
{quote} Take a look at GBP/JPY, that one looks like it has quite a bit more to run on the upside. Broke above the weekly open today and I can see that running back to 174.
it's not that simple. I posted my take on the dragon just yesterday. here's the link. http://www.forexfactory.com/showthre...38#post7391738

current bid price coincides with quarter pivot on GJ, so I won't recommend taking any position at this level.
The i-cloud also has SELL signal printed on smaller TFs. So it's mixed currently.
  • #371,270
  • Apr 9, 2014 3:38pm Apr 9, 2014 3:38pm
Quoting Ctic
{quote} I agree, I think everything is about to pick a direction. I have been watching Aud/USD lately as well and that has had considerable drawback from it's highs. I have taken longs in that from time to time and I think we will go back to 1.00 and higher. USD/CHF has a 20 year head and shoulder that it broke so it looks like that is going to be a massive short here, and when that happens, everything against the dollar will rise. I truly believe the USD is doomed in the long run as is the JPY. Time will tell though. I hope everything goes well...
Agreed. In the "macro" cycle, the dollar was doomed since the inception of the FED and dropped gold standard. I truly think it would have already crashed as per plan but the worlds circumstances "at this time" requires it to remain in tact (as such) for a bit longer so I'll "assume" we'll see a bounce back (or continued range) for a bit. Japan is simply following the same bad plan now. But then, in the history of the world, what fiat currency hasn't returned to it's intrinsic value of zero? Once hollow backed printing begins, human greed simply insures it in time. In my humble view, (and I'll continue to pray I'm wrong) we're hurdling towards the single, largest wealth transfer the world has ever seen. God help us all to be on the right side of it should it occur.

I thank you from the heart for the thoughts and prayers my friend. I'll gladly accept them and return them in kind. ...
Ghost Rider - WWTBMD?
  • #371,271
  • Apr 9, 2014 3:39pm Apr 9, 2014 3:39pm
Quoting ruffryders
{quote} well done boss! your long GU is confirmed by weekly harmonic pattern on NU. http://www.forexfactory.com/showthre...24#post7394824
Some days you are the bird, some days you are the statue
Attached Image (click to enlarge)
Click to Enlarge Name: statue.jpg Size: 43 KB
  • #371,272
  • Apr 9, 2014 3:42pm Apr 9, 2014 3:42pm
Quoting JimmyC
{quote} Some days you are the bird, some days you are the statue {image}
good one
  • #371,273
  • Apr 9, 2014 3:42pm Apr 9, 2014 3:42pm
Quoting JimmyC
{quote} Some days you are the bird, some days you are the statue {image}
That is hilarious, but so true.
  • #371,274
  • Apr 9, 2014 3:56pm Apr 9, 2014 3:56pm
Quoting JimmyC
{quote} Some days you are the bird, some days you are the statue {image}
... in my neck of the woods we use windshield and bug but... same point.
Ghost Rider - WWTBMD?
  • #371,275
  • Apr 9, 2014 3:58pm Apr 9, 2014 3:58pm
Quoting ruffryders
{quote} good one
who would your recommend for options trading?
  • #371,276
  • Apr 9, 2014 3:59pm Apr 9, 2014 3:59pm
Quoting ruffryders
just picked up 15 big ones of NUs, now I'm fairly diversified. Would love to get cable, but no more room left. besided this sucker sat be back by 100K recently, so I took that personally.
100k...been there.....yikes
  • #371,277
  • Apr 9, 2014 4:01pm Apr 9, 2014 4:01pm
Quoting grin
{quote} who would your recommend for options trading?
IB. look them up.
  • #371,278
  • Apr 9, 2014 4:03pm Apr 9, 2014 4:03pm
Quoting needpips
{quote} 100k...been there.....yikes
almost the same as jumping plane from 2000 meters with no parachute, same kinda feeling I guess.
  • #371,279
  • Apr 9, 2014 5:38pm Apr 9, 2014 5:38pm
Quoting godim
{quote} i do not really understand what is written, but i agree with davit.
спасибо за вашу поддержку
In trading, you have to be defensive and aggressive at the same time
  • #371,280
  • Apr 9, 2014 5:39pm Apr 9, 2014 5:39pm
Quoting spinozagr
{quote} Really provocative... just ignore him mate...keep up the good job
Thanks bro
In trading, you have to be defensive and aggressive at the same time
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