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Cable Update (GBPUSD)

  • #371,481
  • Apr 10, 2014 1:23pm Apr 10, 2014 1:23pm
cleared my position on long cable.. don't want to risk it.. too close to resistance..
  • #371,482
  • Apr 10, 2014 1:34pm Apr 10, 2014 1:34pm
Quoting albchr
{quote} Not as much as selling from 6810 last night would have.
true. personally not interested in scalping though, just posting levels.

already positioned for larger moves.
  • #371,483
  • Apr 10, 2014 1:35pm Apr 10, 2014 1:35pm
GUs prolly won't have much to offer this week, due to being out of range.
  • #371,484
  • Apr 10, 2014 1:37pm Apr 10, 2014 1:37pm
Quoting ruffryders
{quote} true. personally not interested in scalping though, just posting levels. already positioned for larger moves.
larger move maybe in GJ not GU...

just joking..
  • #371,485
  • Apr 10, 2014 1:40pm Apr 10, 2014 1:40pm
i was thinking.. let's just assume that cable resistance hold and the price make a U-turn, i think then UJ will in sync with GU and GJ will plummet like no tomorrow..

just a thought...
  • #371,486
  • Apr 10, 2014 1:49pm Apr 10, 2014 1:49pm
Friday by looks of the mellow calendar looks like a day for price to just consolidate recent gains, more data coming up on Monday, so that's when we prolly see some follow through of the recent moves.

GU prolly to keep range of 6750-6800, NU 8660-8700, AUs 9385-9425 and EUs 3860-3900.

I'd rather keep out until Monday, since AU/GU are already out of fuel this week (range).
  • #371,487
  • Apr 10, 2014 1:50pm Apr 10, 2014 1:50pm
Quoting A-speculator
i was thinking.. let's just assume that cable resistance hold and the price make a U-turn, i think then UJ will in sync with GU and GJ will plummet like no tomorrow.. just a thought...
GJ my scenario remains active, unless a miracle come back of UJ/Nikkei on Friday materializes.
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  • #371,488
  • Apr 10, 2014 2:07pm Apr 10, 2014 2:07pm
Quoting ruffryders
{quote} GJ my scenario remains active, unless a miracle come back of UJ/Nikkei on Friday materializes. {image}
yeah, i'm thinking more or less your low at about 164.15 area..
  • #371,489
  • Apr 10, 2014 2:20pm Apr 10, 2014 2:20pm
Quoting ruffryders
{quote} true. personally not interested in scalping though, just posting levels. already positioned for larger moves.
Agreed.... me too.

No point in letting 60 pips go to waste though. I know "scalping" is a relative term for folks. To some, 10 pips, to others 100. For me, anything below 30 pips is scalping. Of course it all boils down to personal preference and trading style. I've always been of the mind that, if we're "waiting" for a pullback to enter, why not capitalize on the pullback if the risk is minimal.
Ghost Rider - WWTBMD?
  • #371,490
  • Apr 10, 2014 3:08pm Apr 10, 2014 3:08pm
Quoting ruffryders
GUs primary current scenario - taking a shot @ 7000 soon. This is daily chart. {image}
Come on 7!!!
  • #371,491
  • Apr 10, 2014 3:19pm Apr 10, 2014 3:19pm
GUS TODAYS LEVELS. aside from DP, levels are based on my own data (not PP).

1.6830 TP3
1.6810 TP2
1.6800 TP1

1.6786 DAY PIVOT

1.6770 BUY DIPS
1.6755 ADD LONG
1.6745 ADD LONG
  • #371,492
  • Apr 10, 2014 3:21pm Apr 10, 2014 3:21pm
Quoting albchr
{quote} Not as much as selling from 6810 last night would have.
are you still holding that one, mate?
big numbers are our friends...
  • #371,493
  • Apr 10, 2014 4:21pm Apr 10, 2014 4:21pm
Dont short now. I told yesterday that 6750 is a bad idea but somebody didnt listen at all. I told before the FED when price was at 6740 dont short cause market maker will eat your ass at 6800 u didnt believe me.
OK then continue to go with masses. Dont forget we are small fishes under attack. Come on nothing works.
U may say that some indicators work? no. its an illusion.

I see the huge break down of 5 year price corridor 3500-7050. it a 5 year corridor that is under attack. It 7050 will be broken oh man and you will continue to short at any level since now then LOL.
Be carefull cause i think pound will hit 7000 easy and even 8000 by the summer. Say thank you to dear Carney ahahahahahah

forex trading its very profitable method just sit and wait scalp and sell or buy use any method u want and you will buy ferrari one day.
living in illusion...
  • #371,494
  • Apr 10, 2014 4:27pm Apr 10, 2014 4:27pm
i did some profit but then burn out and circle repeats. so finally i see almost 0 results and even minus profit. the life is too short guys to spend it on forex. i feel that i will quit soon with no return cause trully saying i just started to dont like the hole idea the phylosofy of that life style.
Its better to go to work and work cause u work u get real money and u know that nobody will take it from you. In forex never know. But there a lot of fake traders send by fx brokers to bla bla bla commenting so. My message to brokers when you will die and you will some day the God will burn your soles for that devil casino that you made. Be sure.
  • #371,495
  • Apr 10, 2014 4:29pm Apr 10, 2014 4:29pm
do you not think that high was respected well ,I see a red candle right there on D1 in prime location ,

Quoting ruffryders
GUS TODAYS LEVELS. aside from DP, levels are based on my own data (not PP). 1.6830 TP3 1.6810 TP2 1.6800 TP1 1.6786 DAY PIVOT 1.6770 BUY DIPS 1.6755 ADD LONG 1.6745 ADD LONG
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,496
  • Apr 10, 2014 4:30pm Apr 10, 2014 4:30pm
double top
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,497
  • Apr 10, 2014 4:33pm Apr 10, 2014 4:33pm
both good I'm thinking ,
gbp nzd ,I guess is long
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #371,498
  • Apr 10, 2014 4:45pm Apr 10, 2014 4:45pm
Quoting deeZG
{quote} are you still holding that one, mate?
Naaa mate, I cut that one loose early this morning before the news. Shame really to walk away with only 20 but it was a just a test anyway. I thought we might actually see some movement from the news (silly me..haha) and figured 20 was better than BE... LOL

No matter...next trade is just around the corner. Still leaning short ATM.

I'm guessing you're still holding?
Ghost Rider - WWTBMD?
  • #371,499
  • Apr 10, 2014 4:47pm Apr 10, 2014 4:47pm
Quoting Bones
do you not think that high was respected well ,I see a red candle right there on D1 in prime location , {quote}


How ya been my sawdusty brother?
Ghost Rider - WWTBMD?
  • #371,500
  • Apr 10, 2014 4:54pm Apr 10, 2014 4:54pm
really 15 weeks I don't think long or short right if we start trading above ,ill be in the bull camp ,cable been tricky imo


[quote=Trader88q;7398386]Dont short now. I
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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