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Cable Update (GBPUSD)

  • #372,681
  • Apr 22, 2014 4:55am Apr 22, 2014 4:55am
im short biased but waiting for ny open
  • #372,682
  • Apr 22, 2014 4:57am Apr 22, 2014 4:57am
Good day,

I am shorting on the daily. Will build as we go. Again - not saying we will reverse. Just taking the probability trade for a positive nett result in sessions to come.

Regards
Attached Image (click to enlarge)
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  • #372,683
  • Apr 22, 2014 4:58am Apr 22, 2014 4:58am
Quoting DerekTrotter
{quote} REALLY ? u sure ?

I'm pretty sure i clicked short yes.

Short @ 1.6820.

Long on USD/JPY

Cheerios

xxx

Existing Home Sales @ 4pm looks positive for USD. At least if its going to have an impact...
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #372,684
  • Apr 22, 2014 5:00am Apr 22, 2014 5:00am
Quoting TauTrader
Good day, I am shorting on the daily. Will build as we go. Again - not saying we will reverse. Just taking the probability trade for a positive nett result in sessions to come. Regards {image}
Good morning Tau. Same thinking...waiting for 30/40ish... maybe a touch higher to start building?
Ghost Rider - WWTBMD?
  • #372,685
  • Apr 22, 2014 5:00am Apr 22, 2014 5:00am
this pairing's daily low - high/high - low pip range over a 20 day average is now 69 which is less than 1/2 of the longer term 140 average so yes pip ranges have narrowed much. There are still highest probability outcome trading opportunities to be had on all time frames though just not as many as there were......and to counter this narrowing of pip ranges being suffered -

a. move to smaller t/f's,
and/or -
b. Be even more choosy about picking trading opportunities on your own much preferred time frames.

best wishes.
it's all gone a bit........
  • #372,686
  • Apr 22, 2014 5:02am Apr 22, 2014 5:02am
Quoting Nocturnes
{quote} I'm pretty sure i clicked short yes. Short @ 1.6820. Long on USD/JPY Cheerios xxx Existing Home Sales @ 4pm looks positive for USD. At least if its going to have an impact...
good luck hombre, it is really just a heads or tails scenario..
  • #372,687
  • Apr 22, 2014 5:04am Apr 22, 2014 5:04am
Quoting Freshpips
Anyone have any idea why the market has had such low volume this year? Daily ranges on everything have been reduced, so many false breakouts and deep correctional moves, very few fluent moves/trends... Very frustrating market conditions. Any Ideas on when this may change?
Rule of All Angles: Another important guideline is what Gann called the Rule of All Angles. When a market breaks an angle, it will move toward the next angle. This is because as time passes, an angle’s importance weakens and the market eventually breaks through. Therefore a market breaking the 2 x 1 angle will begin to move toward the 1 x 1 angle; just as a market breaking the 1 x 1 angle will eventually reach the 1 x 2 angle. Conversely, in an up move, an angle that holds the 1 x 2 angle is likely to rally to the 1 x 1, just as overtaking the 1 x 1 is likely to lead to a rally to the 2 x 1.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,688
  • Apr 22, 2014 5:09am Apr 22, 2014 5:09am
sell limit triggered at 1.6830, lets see if will trigger the 1.6870 too and 1.69


I am looking only a few pips: 10-80 not more, if I see the price don't want to go lower I will close it. I am expecting to be 1.6750
I want to buy PATIENCE
  • #372,689
  • Apr 22, 2014 5:22am Apr 22, 2014 5:22am
Quoting Nocturnes
{quote} I'm pretty sure i clicked short yes. Short @ 1.6820. Long on USD/JPY Cheerios xxx Existing Home Sales @ 4pm looks positive for USD. At least if its going to have an impact...
Damn, you're in long UJ eh... i'm short against 102.70 resistance line..
Attached Image (click to enlarge)
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  • #372,690
  • Apr 22, 2014 5:23am Apr 22, 2014 5:23am
6841 is last week's hi and is next obstacle for the bulls, then 6877 which is a former swing high visible on weekly and monthly time frames from November 2009...we are in that 'zone' now. [6869 is weekly R1 pivot.] Above these and the former swing high from august 2009 at 7039 is next...although there are some more of these [floor pivots] inbetween.

best wishes.
it's all gone a bit........
  • #372,691
  • Apr 22, 2014 5:24am Apr 22, 2014 5:24am
currently i see no reason to short in cable..

price hasn't make any consolidation/exhaustion pattern yet..
  • #372,692
  • Apr 22, 2014 5:27am Apr 22, 2014 5:27am
Quoting godim
{quote} My experience tells me that it is not close. This is an area that is likely to, many movements between the three lines. We must break out of the area. {image} {image} {image} Next support 6795.
target = Sell
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 127 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,693
  • Apr 22, 2014 5:30am Apr 22, 2014 5:30am
Quoting albchr
{quote} Good morning Tau. Same thinking...waiting for 30/40ish... maybe a touch higher to start building?
Sir.C -

Yes. 1.6850 would be a good first attempt. There may be a short scalp there. But a lot of resistance higher up. Do not see us crossing there. If we should go to 1.7000 or even slightly over ( 1.7065) - we will get back to 1.6850. So safer to build from 1.6850 with intervals and then TP back at 1.6850.

I'm however keeping average entry close - so i'm rather looking for a small retrace to profit from first prior to any possible move above 1.6850..

Will then bank and wait to re-enter.

Dunno..

All the best
Attached Image (click to enlarge)
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  • #372,694
  • Apr 22, 2014 5:33am Apr 22, 2014 5:33am
Quoting matheszabi
sell limit triggered at 1.6830, lets see if will trigger the 1.6870 too and 1.69 I am looking only a few pips: 10-80 not more, if I see the price don't want to go lower I will close it. I am expecting to be 1.6750

Sell Limit @ 1.6866
  • #372,695
  • Apr 22, 2014 5:35am Apr 22, 2014 5:35am
Quoting A-speculator
currently i see no reason to short in cable.. price hasn't make any consolidation/exhaustion pattern yet..
  • #372,696
  • Apr 22, 2014 5:35am Apr 22, 2014 5:35am
GBP USD will test high 1.7040-50 back in 4.5 years ago, and when the data will soar sterling on Wednesday improved
  • #372,697
  • Apr 22, 2014 5:39am Apr 22, 2014 5:39am
Quoting sndtrader
GBP USD will test high 1.7040-50 back in 4.5 years ago, and when the data will soar sterling on Wednesday improved
can you please lend me your crystal ball bro?

i want to know what might happen to UJ next week or if my position will be ok till then..
  • #372,698
  • Apr 22, 2014 5:42am Apr 22, 2014 5:42am
a triple top at 1.6842 will be just about fine to hammer it all the way down to 1.6405. current high 1.6836. 6 pips more cmon gbp cmon
  • #372,699
  • Apr 22, 2014 5:43am Apr 22, 2014 5:43am
Quoting sndtrader
GBP USD will test high 1.7040-50 back in 4.5 years ago, and when the data will soar sterling on Wednesday improved

is it going to 1.7040. oh my. then i will be bankrupt. lol.
  • #372,700
  • Apr 22, 2014 5:44am Apr 22, 2014 5:44am
Quoting TauTrader
{quote} Sir.C - Yes. 1.6850 would be a good first attempt. There may be a short scalp there. But a lot of resistance higher up. Do not see us crossing there. If we should go to 1.7000 or even slightly over ( 1.7065) - we will get back to 1.6850. So safer to build from 1.6850 with intervals and then TP back at 1.6850. I'm however keeping average entry close - so i'm rather looking for a small retrace to profit from first prior to any possible move above 1.6850.. Will then bank and wait to re-enter. Dunno.. All the best {image}
Took a short @ 6831 with a close watch on her. We have the same numbers in mind for a stretch to 1.7xx area. I have 1.7041 so close enough.

Also looking for a small profit before ascending to there though. Best wishes my friend.
Ghost Rider - WWTBMD?
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