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Cable Update (GBPUSD)

  • #376,161
  • May 6, 2014 3:44pm May 6, 2014 3:44pm
Quoting elbert3
{quote} {image} potential targets chaps
Will take sometime

bbl
  • #376,162
  • May 6, 2014 3:44pm May 6, 2014 3:44pm
Quoting elbert3
{quote} yes and we know what a cable 200 pip special can take,, but we would need some bad news event for this,???
Yeah.... or some good US news (that actually matters). I've been saying for a while that bad US news, the dollar drops. Good US news, the dollar drops. I hope (after HDA's exit at 7000) that changes?? Not holding my breath but the ole buck has just GOT to find some love .... eventually... LOL
Ghost Rider - WWTBMD?
  • #376,163
  • May 6, 2014 3:47pm May 6, 2014 3:47pm
Quoting albchr
{quote} I like your second target 6960 and then 6940. But I'm looking at a higher than 5M TF for that.
Attached Image (click to enlarge)
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lets say we hit top,, i posted before dont trade off a whole number,, 1,700 ?? the world wanted 1700 ?? so lets go the whole 9 yards the bottom if i stayed in would get me 8k ish lol
  • #376,164
  • May 6, 2014 3:50pm May 6, 2014 3:50pm
Quoting JimmyC
{quote} The channel up has been there the whole time though... and that's made it a very nicely structured trade... Looks like EU is going to fail... 1.4 looks far away
going with the gb you could pos get 80 pips out of eur to 3904 ???
  • #376,165
  • May 6, 2014 3:53pm May 6, 2014 3:53pm
Quoting JimmyC
{quote} The channel up has been there the whole time though... and that's made it a very nicely structured trade... Looks like EU is going to fail... 1.4 looks far away
That's exactly what another friend of mine (position trader) here said. "Looks like a nice, structured climb that just keeps marching through levels".

That would make sense on EU. It seems the weaker of the two right now. What you said earlier made me open an EG chart. Monthly/Weekly/Daily looks poised to drop some.

Weekly (still open) currently trading below weekly pivot and 38.2%. Daily (still open) pierced DS3 today.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurgbpweekly.png Size: 69 KB
Click to Enlarge Name: eurgbpdaily.png Size: 66 KB
Ghost Rider - WWTBMD?
  • #376,166
  • May 6, 2014 3:54pm May 6, 2014 3:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: dd.png Size: 111 KB
the next high wont be 17 it would be the higher 1719 which could arise from any of the Xs below
  • #376,167
  • May 6, 2014 3:56pm May 6, 2014 3:56pm
Quoting albchr
{quote} That's exactly what another friend of mine (position trader) here said. "Looks like a nice, structured climb that just keeps marching through levels". That would make sense on EU. It seems the weaker of the two right now. What you said earlier made me open an EG chart. Monthly/Weekly looks poised to drop some. {image} {image}
yes if you look at the one posted and yours you can see what is meant
  • #376,168
  • May 6, 2014 4:01pm May 6, 2014 4:01pm
Quoting JimmyC
{quote} The channel up has been there the whole time though... and that's made it a very nicely structured trade... Looks like EU is going to fail... 1.4 looks far away
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 115 KB

if you look at the candle on that chart it looks like it had a sudden stop as there is no s/r that can be seen, plus a false break above the tl,, 80 pips could be found if it trades back to the red 20 ema ???
  • #376,169
  • May 6, 2014 4:03pm May 6, 2014 4:03pm
what happened then 5 min chart???
  • #376,170
  • May 6, 2014 4:11pm May 6, 2014 4:11pm
Quoting elbert3
{quote} {image} if you look at the candle on that chart it looks like it had a sudden stop as there is no s/r that can be seen, plus a false break above the tl,, 80 pips could be found if it trades back to the red 20 ema ???
Actually Elbert, as my view back on April 25th showed me..... http://www.forexfactory.com/showthre...59#post7429459

I just see another test of the 50% (1.3955) and a bounce from it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 58 KB
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  • #376,171
  • May 6, 2014 4:16pm May 6, 2014 4:16pm
Quoting albchr
{quote} Actually Elbert, as my view back on April 25th showed me..... http://www.forexfactory.com/showthre...59#post7429459 I just see another test of the 50% (1.3955) and a bounce from it. {image}
great if we only played the move, i was looking at hieken ashi , and on a youtube clip,, playing the indi,, the trainer has a 100 pip sl to get a 100 pip return,,,?? i posted that i was going to stay in on the day chart untill i reach the heiken ashi 100 pips, that was when gb was 6500 ish ?????? this is is,, you trade the 2nd white candle after it opens after the break up crossing the white 10 ema did not carry it on
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  • #376,172
  • May 6, 2014 4:31pm May 6, 2014 4:31pm
Quoting albchr
{quote} That's exactly what another friend of mine (position trader) here said. "Looks like a nice, structured climb that just keeps marching through levels". That would make sense on EU. It seems the weaker of the two right now. What you said earlier made me open an EG chart. Monthly/Weekly/Daily looks poised to drop some. Weekly (still open) currently trading below weekly pivot and 38.2%. Daily (still open) pierced DS3 today. {image} {image} {image}
EG H4 GMT

Another sell stop .8192 placed and this level will be the BE. First realization ~8150...
I hope EG can help strength pound toward!

Good luck!
Attached Image (click to enlarge)
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Anything is math!
  • #376,173
  • May 6, 2014 4:35pm May 6, 2014 4:35pm
Quoting elbert3
{quote} great if we only played the move, {image}
I rarely trade EU anymore. It's become a real sluggish, fickle pig in my book...LOL (Might open up some in coming weeks)

Plus I have a very limited quantity/size trade I can place due to margin. So I'm focused on GU mostly because it moves better. When it's dead, I look to EJ or my beloved GJ

I still analyze all of them on the upper TF's to keep my eye sharp and head in the overall game.
Ghost Rider - WWTBMD?
  • #376,174
  • May 6, 2014 4:40pm May 6, 2014 4:40pm
Quoting albchr
{quote} i rarely trade eu anymore. It's become a real sluggish, fickle pig in my book...lol (might open up some in coming weeks) plus i have a very limited quantity/size trade i can place due to margin. So i'm focused on gu mostly because it moves better. When it's dead, i look to ej or my beloved gj I still analyze all of them on the upper tf's to keep my eye sharp and head in the overall game.
just waiting a hoping i can pp AT 20 PIPS before bed and trail stop avery 5 pips ????
  • #376,175
  • May 6, 2014 4:41pm May 6, 2014 4:41pm
Quoting Kajos2250
{quote} EG H4 GMT Another sell stop .8192 placed and this level will be the BE. First realization ~8150... I hope EG can help strength pound toward! Good luck! {image}
I've never traded EG before. Not sure I will either but even if I don't, I'll still watch it now.

So you are a breakout trader?
Ghost Rider - WWTBMD?
  • #376,176
  • May 6, 2014 4:42pm May 6, 2014 4:42pm
Quoting albchr
{quote} I rarely trade EU anymore. It's become a real sluggish, fickle pig in my book...LOL (Might open up some in coming weeks) Plus I have a very limited quantity/size trade I can place due to margin. So I'm focused on GU mostly because it moves better. When it's dead, I look to EJ or my beloved GJ I still analyze all of them on the upper TF's to keep my eye sharp and head in the overall game.
you little poor , tell our friend HDA to give us some of his swap money then we can trade with the 90% psychology comfort in FX market .
Get Rich or Die Tryin
  • #376,177
  • May 6, 2014 4:42pm May 6, 2014 4:42pm
Quoting elbert3
{quote} just waiting a hoping i can pp AT 20 PIPS before bed and trail stop avery 5 pips ????
What's your entry? And forgive me but, what's pp?
Ghost Rider - WWTBMD?
  • #376,178
  • May 6, 2014 4:44pm May 6, 2014 4:44pm
Quoting hoom
{quote} you little poor , tell our friend HDA to give us some of his swap money then we can trade with the 90% psychology comfort in FX market .
by the way put your full margin into shorting NZd , go hurry ...
Get Rich or Die Tryin
  • #376,179
  • May 6, 2014 4:45pm May 6, 2014 4:45pm
Quoting hoom
{quote} you little poor , tell our friend HDA to give us some of his swap money then we can trade with the 90% psychology comfort in FX market .
You ARE of course kidding...RIGHT??

I've never asked anyone for anything (other than knowledge) and at my age, I'm not about to start. If I can't do it on my own, then I can't do it.
Ghost Rider - WWTBMD?
  • #376,180
  • May 6, 2014 4:46pm May 6, 2014 4:46pm
Quoting hoom
{quote} by the way put your full margin into shorting NZd , go hurry ...
Strike two ......
Ghost Rider - WWTBMD?
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