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Cable Update (GBPUSD)

  • #377,341
  • May 13, 2014 5:16am May 13, 2014 5:16am
Quoting pouyanv
Looking to buy here, sl 1.679 tp, 1.705
Waiting for 6800 for a long or 793x in GA for a long
Don't be smart. Be rich.
  • #377,342
  • May 13, 2014 5:19am May 13, 2014 5:19am
Quoting AllyB
{quote} LOL ... I figured that what it was but candle patterns are by far my weak spot I will study this and not afraid to ask questions
Mine too. In fact most patterns. Candles, flags, wedges/triangles. I'm pretty clueless on all of it.
Ghost Rider - WWTBMD?
  • #377,343
  • May 13, 2014 5:20am May 13, 2014 5:20am
Quoting maximinus
{quote} Waiting for 6800 for a long or 793x in GA for a long
  • #377,344
  • May 13, 2014 5:20am May 13, 2014 5:20am
also another number

Quoting Bones
lets see if we can break this number {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 13 may (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #377,345
  • May 13, 2014 5:21am May 13, 2014 5:21am
Quoting albchr
{quote} Best I can do for now is the pairs I trade (and some I don't). As a day trader/scalper, swaps are of little importance to me other than if they're huge negative, it may effect my decision to trade a pair due to small account and margin availability. {image}
For me also, it does not matter. I wanted to make comparaison as informative and choose the right broker the day I'll be a position trader, and this is not going to happen any time soon.
Don't be smart. Be rich.
  • #377,346
  • May 13, 2014 5:23am May 13, 2014 5:23am
Quoting Bones
also another number {quote} {image}

All folks want to buy
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,347
  • May 13, 2014 5:24am May 13, 2014 5:24am
Quoting pouyanv
{quote}
Yes, I mentionned this to draw your attention to your SL (6790) if you longed at 6830.
Don't be smart. Be rich.
  • #377,348
  • May 13, 2014 5:25am May 13, 2014 5:25am
Quoting Zircon
{quote} All folks want to buy
Do you have a good offer??
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,349
  • May 13, 2014 5:25am May 13, 2014 5:25am
Quoting maximinus
{quote} For me also, it does not matter. I wanted to make comparaison as informative and choose the right broker the day I'll be a position trader, and this is not going to happen any time soon.
I hear you. Assuming the Earth still exists by that time for me, I'll look into it then.
Ghost Rider - WWTBMD?
  • #377,350
  • May 13, 2014 5:27am May 13, 2014 5:27am
Quoting albchr
{quote} I hear you. Assuming the Earth still exists by that time for me, I'll look into it then.
Don't be smart. Be rich.
  • #377,351
  • May 13, 2014 5:27am May 13, 2014 5:27am
6838 ADDED
  • #377,352
  • Edited 5:39am May 13, 2014 5:28am | Edited 5:39am
Quoting albchr
{quote} Mine too. In fact most patterns. Candles, flags, wedges/triangles. I'm pretty clueless on all of it.
same here

that is why I like dustbins so well. going to try them on GU

sorry, wrong chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 62 KB
  • #377,353
  • May 13, 2014 5:32am May 13, 2014 5:32am
Hold on to your hats tp and pp in place 6660 7200 i would not be surprised ?? 50 EMA ON THE 5 MIN,, IT TRYING TO GO UP
  • #377,354
  • May 13, 2014 5:43am May 13, 2014 5:43am
Quoting elbert3
hold on to your hats tp and pp in place 6660 7200 i would not be surprised ?? 50 ema on the 5 min,, it trying to go up
any body going to sell the rise ?????
  • #377,355
  • May 13, 2014 5:47am May 13, 2014 5:47am
Quoting AllyB
{quote} same here that is why I like dustbins so well. going to try them on GU sorry, wrong chart {image}
I can't wait to dig into the downloads I took. Haven't had the chance yet but I will. All I work with is PA/SR and I'm getting better at it. Simple is always best for me.

It would seem (I'm assuming here) that the dustbins are just that or very close but on smaller TF's. So I think it will fit right in with my approach.
Ghost Rider - WWTBMD?
  • #377,356
  • May 13, 2014 5:53am May 13, 2014 5:53am
Quoting albchr
{quote} I can't wait to dig into the downloads I took. Haven't had the chance yet but I will. All I work with is PA/SR and I'm getting better at it. Simple is always best for me. It would seem (I'm assuming here) that the dustbins are just that or very close but on smaller TF's. So I think it will fit right in with my approach.
you got that right
  • #377,357
  • May 13, 2014 5:55am May 13, 2014 5:55am
Not enough bad news from the us, still looking short, on the 1 hour charts ,we are trading below 5 emas and 4 on the 4 hour so strong support one would think see if it gets back below 40, and the 6830
  • #377,358
  • May 13, 2014 5:58am May 13, 2014 5:58am
Quoting AllyB
{quote} you got that right
I always referred to it as "down in the trenches" ...lol

The dustbin name is quite appropriate.
Ghost Rider - WWTBMD?
  • #377,359
  • Edited 6:15am May 13, 2014 5:59am | Edited 6:15am
GU 4H

Some thoughts, GU remains significantly stronger than EU, EU is weak though and this is having an impact mixed with the $DX struggling along
US data was not very strong... so knee jerk response

Support levels are breaking...

So two technical patterns emerge and one support break 2 bear and 1 bull

H&S -> caution also suggests falling wedge

Support @ 1.6820 does matter... and its being poked

All patterns are in formation and none have confirmed, belts and braces approach is to wait for the patterns to confirm be fore trading them

Trade safe

I'm GU neutral -> EU short

As always trade carefully just my 2c
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 37 KB
  • #377,360
  • May 13, 2014 6:04am May 13, 2014 6:04am
Quoting elbert3
Not enough bad news from the us, still looking short, on the 1 hour charts ,we are trading below 5 emas and 4 on the 4 hour so strong support one would think see if it gets back below 40, and the 6830
I'm still just waiting for it to actually "test" support a second time. It's inching ever closer ... lol

Not exactly the classic cable tank some are looking for....yet
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 82 KB
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