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Cable Update (GBPUSD)

  • #378,621
  • May 21, 2014 1:34pm May 21, 2014 1:34pm
Current orders
11 short positions on GU from 6920-6840 TP around 67-6680
2 shorts on G/CHF at 5098
In trading, you have to be defensive and aggressive at the same time
  • #378,622
  • May 21, 2014 1:36pm May 21, 2014 1:36pm
Quoting squawk
{quote} Stand your ground Chris. I'd be cautious if it starts falling under 855.
Will do squawk. It fits with my view so I have to wait it out. Even a 1H close under the 50% would have me sitting up and setting my coffee cup down. But I think (over time) 7040+ here we come.
Ghost Rider - WWTBMD?
  • #378,623
  • May 21, 2014 1:38pm May 21, 2014 1:38pm
Quoting Davit
Current orders 11 short positions on GU from 6920-6840 TP around 67-6680 2 shorts on G/CHF at 5098 Please if you are long and convinced on your position then be happy but don't tell me I am trading against the trend. I don't trade trends I trade high probability trades.
Hey now... if you mess up my 7000 I'll....I'll .... why I'll ..... ... that's what I'll do ....
Ghost Rider - WWTBMD?
  • #378,624
  • May 21, 2014 1:42pm May 21, 2014 1:42pm
Quoting albchr
{quote} Hey now... if you mess up my 7000 I'll....I'll .... why I'll ..... ... that's what I'll do ....
Its matter of waiting patiently now.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,625
  • May 21, 2014 1:42pm May 21, 2014 1:42pm
Quoting albchr
I make no secret of how I feel about the dollar. I just can't help but wonder, big $ pump before Granny? Or is all the recent green data (false or not) finally catching up? Hmmmmm........?? From the TA side, everything (except GU) is going the wrong way so far....LOL {image}
And folks always ask me why I feel that way about the $ .....
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXH1.png Size: 31 KB
Ghost Rider - WWTBMD?
  • #378,626
  • May 21, 2014 1:43pm May 21, 2014 1:43pm
Quoting Kajos2250
{quote} GU H4 GMT+3 Buy limit triggered .6872 nothing more changed. Later buy stop will be placed if invalidation was not reached... Good luck! {image}
GU H4 GMT+3

It is moving to my favour
To strength the longs buy stop placed .6903 a little bit above the previous monthly high, invalidation remain!

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 73 KB
Anything is math!
  • #378,627
  • May 21, 2014 1:44pm May 21, 2014 1:44pm
Quoting Davit
{quote} Its matter of waiting patiently now. Regards
Well, you always give it room to run beyond a little so I can still have my 7000 and then I'll join you.
Ghost Rider - WWTBMD?
  • #378,628
  • May 21, 2014 1:45pm May 21, 2014 1:45pm
Quoting Kajos2250
{quote} GU H4 GMT+3 It is moving to my favour To strength the longs buy stop placed .6903 a loittle bit above the previous monthly high, invalidation remain! Good luck! {image}
Very nice calls and charts Kajos. Haven't been replying (sorry) but I have been watching.
Ghost Rider - WWTBMD?
  • #378,629
  • May 21, 2014 1:48pm May 21, 2014 1:48pm
This is where the rubber meets the road for me. My "feel good" factor if you will. A 1H close above the last 1H high and I'll relax a bit.

EDIT: Whoops, I meant last 1H "close" not high.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 67 KB
Ghost Rider - WWTBMD?
  • #378,630
  • May 21, 2014 1:49pm May 21, 2014 1:49pm
Quoting albchr
{quote} And folks always ask me why I feel that way about the $ ..... {image}
Chris, you've got runner. Interesting to see if it can crash through 920 today, tomorrow. Wishing you luck not too much as I backed in against on the EU cross before the minutes.
  • #378,631
  • May 21, 2014 1:56pm May 21, 2014 1:56pm
Quoting squawk
{quote} Chris, you've got runner. Interesting to see if it can crash through 920 today, tomorrow. Wishing you luck not too much as I backed in against on the EU cross before the minutes.
I think so on the runner squawk. I could use to get back to BE on the week at least. ...
Ghost Rider - WWTBMD?
  • #378,632
  • May 21, 2014 2:00pm May 21, 2014 2:00pm
Quoting albchr
{quote} I think so on the runner squawk. I could use to get back to BE on the week at least. ...
Know that feeling. Had some great trades this week but got bashed on the GBP/AUD this morning. Not worried about that on, I'll get it back.
  • #378,633
  • May 21, 2014 2:02pm May 21, 2014 2:02pm
Quoting albchr
{quote} I think so on the runner squawk. I could use to get back to BE on the week at least. ...
Looks like AU is now going the other way...

Well lets look again tomorrow and see how it all works out
  • #378,634
  • May 21, 2014 2:06pm May 21, 2014 2:06pm
Quoting albchr
{quote} Very nice calls and charts Kajos. Haven't been replying (sorry) but I have been watching.
I hope we can get 2 more bullish days again a fresh peak by my peak-valley analysis on the daily, broken bearish correction trend...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 39 KB
Anything is math!
  • #378,635
  • May 21, 2014 2:07pm May 21, 2014 2:07pm
balls of steel brains of cottonwool...

http://www.bloomberg.com/news/2014-0...september.html
  • #378,636
  • May 21, 2014 2:12pm May 21, 2014 2:12pm
Quoting squawk
{quote} Know that feeling. Had some great trades this week but got bashed on the GBP/AUD this morning. Not worried about that on, I'll get it back.
For me it was EUR/AUD Monday. I was so convinced I was right as I added shorts to an ever rising long. Only lost 109 pips.
Said the same thing brother, I'll get it back. I need 33.1 more now to get back to BE...
Ghost Rider - WWTBMD?
  • #378,637
  • May 21, 2014 2:17pm May 21, 2014 2:17pm
Quoting JimmyC
balls of steel brains of cottonwool... http://www.bloomberg.com/news/2014-0...september.html
Oh my goodness... And I thought I felt bad about Monday.
Ghost Rider - WWTBMD?
  • #378,638
  • May 21, 2014 2:18pm May 21, 2014 2:18pm
Quoting Kajos2250
{quote} I hope we can get 2 more bullish days again a fresh peak by my peak-valley analysis on the daily, broken bearish correction trend... {image}
I'm with you there.
Ghost Rider - WWTBMD?
  • #378,639
  • May 21, 2014 2:21pm May 21, 2014 2:21pm
Quoting JimmyC
{quote} Looks like AU is now going the other way... Well lets look again tomorrow and see how it all works out

Looks like it's building support but would be more comfortable if it ran lower. I have around 9160 which would make me feel good above shorting the Cable cross. Will be watching Syd opening tonight and tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_USD_Daily_snapshot.png Size: 35 KB
  • #378,640
  • May 21, 2014 2:25pm May 21, 2014 2:25pm
Quoting albchr
{quote} For me it was EUR/AUD Monday. I was so convinced I was right as I added shorts to an ever rising long. Only lost 109 pips. Said the same thing brother, I'll get it back. I need 33.1 more now to get back to BE...
Don't worry I was out of that trade when it ran 20 past the high and didn't pull back in. I have my rules to keep me out of a snowballing trade situation. However like you I was sure it was going to setup and run in my favour.
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