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Cable Update (GBPUSD)

  • #377,901
  • May 16, 2014 5:47am May 16, 2014 5:47am
too agresive for open position @@

not follow my fibo..lol

Zone reversal in my fibo
1st 6805
2nd 6814

Now close my short.. better i re-enter on NY open
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  • #377,902
  • May 16, 2014 5:49am May 16, 2014 5:49am
Quoting squawk
Looking to long the Euro at 680 - 670 if we get there. {image}
my view in EU

if 80 still can hold i will try for long..
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  • #377,903
  • May 16, 2014 5:50am May 16, 2014 5:50am
Quoting Feefee
{quote} I am thinking the same, but a bit hesitant as PA suggests otherwise for EUR USD

Always ready to stand corrected but looks suspiciously like a price surge for an area where some money went long yesterday. looks like of sweep of the order book to collect left orders. Lets see, happy to stand corrected.
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  • #377,904
  • May 16, 2014 5:51am May 16, 2014 5:51am
Quoting albchr
{quote} You are brave my man.
on the 5 min tecs say go sl is on the open 15 pips the 90% off the rr is in range i might lift the sl because the confirm is just a bit higher than i would like i should of got in when i posted but missed
  • #377,905
  • May 16, 2014 5:54am May 16, 2014 5:54am
Quoting squawk
{quote} Always ready to stand corrected but looks suspiciously like a price surge for an area where some money went long yesterday. looks like of sweep of the order book to collect left orders. Lets see, happy to stand corrected. {image}

I am also ready to enter long, but one thing keeping me out is the suspicions on the daily...dollar index not reached the high till yet as well...I have no open positions also waiting for longs on EU
  • #377,906
  • May 16, 2014 5:57am May 16, 2014 5:57am
Quoting elbert3
{quote} on the 5 min tecs say go sl is on the open 15 pips the 90% off the rr is in range i might lift the sl because the confirm is just a bit higher than i would like i should of got in when i posted but missed
I only said that because the 1H 50ema and DP were right below so I expected a bounce. Let's see where it goes. I'm thinking maybe this time it tests 6820 finally?
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Ghost Rider - WWTBMD?
  • #377,907
  • May 16, 2014 5:57am May 16, 2014 5:57am
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will it keep short ??
  • #377,908
  • May 16, 2014 5:59am May 16, 2014 5:59am
Quoting albchr
{quote} That could make a nice little bounce if it reaches it. I have the 61.8% at 3663 and DS1 a pip or two above it. I wonder if the daily 200sma at 3683 will let it get there. It could as the daily 200ema is at 3656. The same bounce as yesterday give or take a couple. {image} {image}
Hi Chris not much of an Moving average kind of trader but see as deep as 660 as the level the longs took the market and possible to be tested. Mind you am looking for a unbalanced run down to trade. If we bounce back up prior to reaching and then back down I might reconsider. Will wait and see.

Best of luck with your trading..
  • #377,909
  • May 16, 2014 6:01am May 16, 2014 6:01am
Quoting Feefee
{quote} I am also ready to enter long, but one thing keeping me out is the suspicions on the daily...dollar index not reached the high till yet as well...I have no open positions also waiting for longs on EU
Always good to sit and wait!!!!
  • #377,910
  • May 16, 2014 6:09am May 16, 2014 6:09am
Quoting squawk
{quote} Always good to sit and wait!!!!
he who dares wins ???? but not all the time,,,lol come on usd
  • #377,911
  • May 16, 2014 6:09am May 16, 2014 6:09am
Quoting squawk
{quote} Hi Chris not much of an Moving average kind of trader but see as deep as 660 as the level the longs took the market and possible to be tested. Mind you am looking for a unbalanced run down to trade. If we bounce back up prior to reaching and then back down I might reconsider. Will wait and see. Best of luck with your trading..
Hey bro, I find them to be helpful especially in low liquidity like this but they're no holy grail. Just a visual aid really but they do come in handy most times. It's like anything else really. Watch it long enough and you get used to what it says.

Just posted in the EUR thread my "call" if you will on what was likely. Just playing out of boredom.

http://www.forexfactory.com/showthre...44#post7473544

Anyway I'm out of here. Might take a peek around noise time. All I really care about today is my NU short making some more headway.
Ghost Rider - WWTBMD?
  • #377,912
  • May 16, 2014 6:09am May 16, 2014 6:09am
Quoting Feefee
{quote} I am also ready to enter long, but one thing keeping me out is the suspicions on the daily...dollar index not reached the high till yet as well...I have no open positions also waiting for longs on EU
Heefee if your a candle stick, price action sort of guy or girl yesterday was a great reversal, pin bar, what ever you choose to call it but had a deep retest level inside with the deepest to 660...
  • #377,913
  • May 16, 2014 6:13am May 16, 2014 6:13am
Quoting albchr
{quote} Hey bro, I find them to be helpful especially in low liquidity like this but they're no holy grail. Just a visual aid really but they do come in handy most times. It's like anything else really. Watch it long enough and you get used to what it says. Just posted in the EUR thread my "call" if you will on what was likely. Just playing out of boredom. http://www.forexfactory.com/showthre...44#post7473544 Anyway I'm out of here. Might take a peek around noise time. All I really care about today is my NU short making some...
I think they give traders a signal and some confidence to enter which is a good thing.

NU is a great short to be in especially since we retested to 8700 already.
  • #377,914
  • May 16, 2014 6:21am May 16, 2014 6:21am
o dear ?? come on some body sell some more please last make a hammer on the 4 hour the indications are there decisive dojis on the 4 hour lets see if the 20 holds or thats it for me ??
  • #377,915
  • May 16, 2014 6:25am May 16, 2014 6:25am
Quoting squawk
{quote} I think they give traders a signal and some confidence to enter which is a good thing. NU is a great short to be in especially since we retested to 8700 already.
Yeah, had a limit short at 8719 ... not quite. So I entered a tad lower when it missed and gave a nice 4H pin. I really have no luck with PO's ... LOL
Ghost Rider - WWTBMD?
  • #377,916
  • May 16, 2014 6:40am May 16, 2014 6:40am
Quoting albchr
{quote} Yeah, had a limit short at 8719 ... not quite. So I entered a tad lower when it missed and gave a nice 4H pin. I really have no luck with PO's ... LOL
Do you ever find that a 10% doubt is more powerful than the 90% sure when its going the wrong way ?? work that out if you can,,lol...ps i dont know why i put that ,lol because right now i am not
  • #377,917
  • May 16, 2014 6:43am May 16, 2014 6:43am
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emas are close
  • #377,918
  • May 16, 2014 6:51am May 16, 2014 6:51am
1.6785 is very strong resistance, tested 4 times already and it's bounce there,
sign for going up?
  • #377,919
  • May 16, 2014 6:55am May 16, 2014 6:55am
Quoting elbert3
{quote} Do you ever find that a 10% doubt is more powerful than the 90% sure when its going the wrong way ?? work that out if you can,,lol...ps i dont know why i put that ,lol because right now i am not
Posting because you made me feel guilty yesterday.

Fine line between doubt and knowing when you should be out. Mind has a great memory for winners not loser so find that you don't remember the good exits just the bad ones when you feel you missed 100 or so pips, or the good trades when we make pips. I find doubt is more in play when I'm waiting for my targets not exiting when market doesn't go my way.

Cable feels like it could go either way at the moment.

Good luck with your trades.
  • #377,920
  • May 16, 2014 7:03am May 16, 2014 7:03am
Quoting albchr
{quote} Yeah, had a limit short at 8719 ... not quite. So I entered a tad lower when it missed and gave a nice 4H pin. I really have no luck with PO's ... LOL
Its a good trade to be in and feeling theres a large gap down to be had. I got in around top only because of the large spike run up and the overdone extension near the all time high. Added some more in around 8700. I'm targeting around the 8350 for profits but always cautious of the obvious however may take the first entries out at 8570 because I think the 8550 area may give some reaction.

Anyway I better stay on Cable topic here, all the best.
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