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Cable Update (GBPUSD)

  • #378,981
  • May 23, 2014 10:45am May 23, 2014 10:45am
Quoting elbert3
{quote} as above 810 inverted flag target still in trade we were pp at 6837,, going back in 6828 to 6802
o just in time ,pp as soon as commision paid as decent size order , 6783 will do us if breaks then back to the wine .
  • #378,982
  • May 23, 2014 11:09am May 23, 2014 11:09am
closed all positions on all orders
+566 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h1.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #378,983
  • May 23, 2014 11:18am May 23, 2014 11:18am
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #378,984
  • May 23, 2014 11:38am May 23, 2014 11:38am
Quoting Bones
1st dark cloud then 3 inside down {quote} {image}


GU Daily
This completes the diamond with break to the downside
Resistance / Support measured target indicated
Extension beyond target @61.8% of uptrend retracement also possible
Support @ the ascending TL base of the diamond is to be expected
When reversing price the diamond also reverses trend and indicates a change in underlying market sentiment
Final support @ 1.626 if breached would confirm reversal of trend

Its not uncommon for these patterns to reverse up test resistance and then break to target
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 27 KB


DX Daily
Attached Image (click to enlarge)
Click to Enlarge Name: DX Daily.png Size: 30 KB
  • #378,985
  • May 23, 2014 11:40am May 23, 2014 11:40am
Quoting Davit
closed all positions on all orders +566 pips {image}
nice work, sir!

i'm still holding my short from 1.6965...and won't close it yet...
big numbers are our friends...
  • #378,986
  • May 23, 2014 11:43am May 23, 2014 11:43am
Quoting deeZG
{quote} nice work, sir! i'm still holding my short from 1.6965...and won't close it yet...
Thanks! Just be careful that this is not trend reversal but completion of harmonic pattern.
Bulls are not done.I am not greedy banking 80% of the swing is good enough for me.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,987
  • May 23, 2014 11:50am May 23, 2014 11:50am
4hr still long way to go until monday or tuesday will know whare to stop.. enjoyy.....
c u all on monday
GELORE
  • #378,988
  • May 23, 2014 12:07pm May 23, 2014 12:07pm
How 566 ?

Quoting Davit
closed all positions on all orders +566 pips {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,989
  • May 23, 2014 12:12pm May 23, 2014 12:12pm
Quoting Bones
How 566 ? {quote}
orders are double on 2 accounts
AS you probably noticed when I place my orders I write 2x6880 and so on.(this has been consistently posted 2x thing)
I have Oanda and MB trading placing identical trades same time on both.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,990
  • May 23, 2014 12:15pm May 23, 2014 12:15pm
,you can't do that haha ,
well done D


Quoting Davit
{quote} orders are double on 2 accounts AS you probably noticed when I place my orders I write 2x6880 and so on.(this has been consistently posted 2x thing) I have Oanda and MB trading placing identical trades same time on both. Regards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,991
  • Edited 1:03pm May 23, 2014 12:24pm | Edited 1:03pm
Quoting Bones
,you can't do that haha , well done D {quote}
Originally thought about hedging system since its illegal in US and opened another account and funny part I never applied the hedging after all found it to be pointless.Now I have split accounts.
Green pips friend

Total trades taken in MAY
62 Trades of which 9 small losses and 53wins
gain of equity 12% exceeded my minimum goal of 6%
In trading, you have to be defensive and aggressive at the same time
  • #378,992
  • May 23, 2014 12:24pm May 23, 2014 12:24pm
Quoting Bones
ready to tune in ? {quote}
Quoting Bones
only patterns are , both , 2 candle patterns with high proberbility {quote} {image}
you won definitely.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #378,993
  • May 23, 2014 12:26pm May 23, 2014 12:26pm
Quoting elbert3
we are on a phone app, we are trying to figure out on the 1 hour if we have a flag ,, our figures look like this 6916, to 6851 total 65 pips ? now the bottom flag from 6875 - 65 pips total 6810 , we have a short pp now on from 6900 and another 6850 , so we are targeting that 6810 area, if that makes sense,, dont forget we are trading from an ap ON THE PHONE in france,, anybody else see this ,,,regards E EURUSD 3557 target too, ,,
see above all don on a i phone from a little bistro in France, we had a pp which took us out but we went back in at 29 for the full trade with in 1 pip called ,,thats us guys i still have other shorts but this has just been our france trip money , the french people in the bistro think we are crazy but the thanked us for the wine which we bought from the profit,,just thought i would share our little trip story with you,, the thing about it all posted and traded from an i phone,, dont you just love it ,, bon voyage ,,lifes good regards E and Jersey friend ,,,lol
  • #378,994
  • May 23, 2014 12:32pm May 23, 2014 12:32pm
Quoting JimmyC
{quote} GU Daily This completes the diamond with break to the downside Resistance / Support measured target indicated Extension beyond target @61.8% of uptrend retracement also possible Support @ the ascending TL base of the diamond is to be expected When reversing price the diamond also reverses trend and indicates a change in underlying market sentiment Final support @ 1.626 if breached would confirm reversal of trend Its not uncommon for these patterns to reverse up test resistance and then break to target {image} DX Daily {image}
Hi Jimmy,

Nice job, little update.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily523.jpg Size: 205 KB
Click to Enlarge Name: gbpusdh1523.jpg Size: 196 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #378,995
  • May 23, 2014 1:09pm May 23, 2014 1:09pm
Quoting JimmyC
{quote} GU Daily This completes the diamond with break to the downside Resistance / Support measured target indicated Extension beyond target @61.8% of uptrend retracement also possible Support @ the ascending TL base of the diamond is to be expected When reversing price the diamond also reverses trend and indicates a change in underlying market sentiment Final support @ 1.626 if breached would confirm reversal of trend Its not uncommon for these patterns to reverse up test resistance and then break to target {image} DX Daily {image}
Quoting Davit
closed all positions on all orders +566 pips {image}
Quoting Mr. Scott
{quote} Hi Jimmy, Nice job, little update. {image} {image}
....
Ghost Rider - WWTBMD?
  • #378,996
  • May 23, 2014 2:33pm May 23, 2014 2:33pm
Huge gap down is coming on monday, watch greece votes and draghi speaks, my shorts from 1,689x will stay open
If next week break 1,67 to 1,66 there is no return, my target below 1,60 until september vote for scotland
independence
  • #378,997
  • May 23, 2014 2:35pm May 23, 2014 2:35pm
Quoting elbert3
{quote} were pp on 2 trades now 6845 total 70 pips still looking to our inverted flag target 810, but this breaks the 200 on the 1hour,, then trail stop every 8 pips, 3559 target eurusd,, thats us guys were back going back on the boat to jersey ,,weather allowing ,,gl see you monday ,, regards E ,, DELL BOY sorry i missed the sarcasm ,, talk monday should be back then
wow E has gone a wandering.. nice one - its funny u know monday and tuesday it was like a monastic dining room around here.. and then u know what hombre suddenly its Friday.. and ka boom thinking wow that was quick .. France sounds nice - glad u had a good time, lets play ketchup next week..
  • #378,998
  • May 23, 2014 2:52pm May 23, 2014 2:52pm
Quoting artocarpus
Huge gap down is coming on monday, watch greece votes and draghi speaks, my shorts from 1,689x will stay open If next week break 1,67 to 1,66 there is no return, my target below 1,60 until september vote for scotland independence
Agreed. I don't see any reason for a fresh batch of longs at this point. But, only see existing longs relinquishing and new shorts being added. These market conditions don't offer strong trends, so I don't see GBP continuing up at all (this is only my view of course).
  • #378,999
  • May 23, 2014 4:14pm May 23, 2014 4:14pm
Giddday GBP/US

Well ended up trading in both directions

bad habit off mine.

But bigger picture is 85% capital is in this chart now

Moving the rest of the charts into GBP/US

Few longs under water

Further out 1.70+ targets

Might have to wait a few weeks
  • #379,000
  • May 23, 2014 4:22pm May 23, 2014 4:22pm
Quoting eliteincome
Giddday GBP/US Well ended up trading in both directions bad habit off mine. But bigger picture is 85% capital is in this chart now Moving the rest of the charts into GBP/US Few longs under water Further out 1.70+ targets Might have to wait a few weeks
Could well do.
Some support at 68, so looking for a little Monday dip and see what price does.
Come with me if you want to live....
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