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Cable Update (GBPUSD)

  • #380,221
  • Jun 4, 2014 6:25am Jun 4, 2014 6:25am
Quoting Carlicus
{quote} Quite right! This sudden move is crazy, seems really tricky
Kind of typical for GU prior to big news Carlicus. I have a little less faith in my retrace plan working out to the levels I posted last week. But I'll not be surprised one bit to see it happen still. For me? Let the dust settle. Plenty of opportunity ahead.

We are still "technically" in an uptrend here. On the big charts that is.
Ghost Rider - WWTBMD?
  • #380,222
  • Jun 4, 2014 6:29am Jun 4, 2014 6:29am
Quoting albchr
{quote} Kind of typical for GU prior to big news Carlicus. I have a little less faith in my retrace plan working out to the levels I posted last week. But I'll not be surprised one bit to see it happen still. For me? Let the dust settle. Plenty of opportunity ahead. We are still "technically" in an uptrend here. On the big charts that is.
Maybe the price has been pushed up in a move to build shorts ahead of the news, so the big hands get a better price to short ...
Let's see in a while
  • #380,223
  • Jun 4, 2014 6:31am Jun 4, 2014 6:31am
Quoting RussJ
{quote} You get out of your Cable short at 1.6697 or did you hang on??? I bought at 1.6703 hit the 1.6743 level I was going to sell as advised butleft it.. could pullback now too 1.6720/12 and then attempt higher or it might just push to the area you were looking to sell around 1.6777 area. either way if pulls back off 1.6777 area I am looking to buy. Debating shorting 1.6810 as well as the short that will take it back too 1.6740 probably belongs closer too 1.6818 ut thought 1.6708 would take it too 1.6770 then push up too 1.6818 then down too 1.6740...
sorry catchin up on posts i closed out the 745 at 710 as it was on its way up, i have 2 at 725 and 1 at 735 underwater now ,and 1 at 59 . just short
  • #380,224
  • Edited 6:47am Jun 4, 2014 6:31am | Edited 6:47am
Attachment
I would expect based on supply demand levels - fibs ---this scenario - bull move to 168040 area then short to 165 659 other wise an extended bull move to 168810 max then short to 165 659 ...... this range its in was due to a 4 hr fib completion to my 167287 and a weekly trend line - from my short based on the over all bear move from 169952

see how it plays out
  • #380,225
  • Jun 4, 2014 6:34am Jun 4, 2014 6:34am
Quoting Carlicus
{quote} Maybe the price has been pushed up in a move to build shorts ahead of the news, so the big hands get a better price to short ... Let's see in a while
With you on that thought .. LONG but waiting to SHORT in the next 24 hours ..
  • #380,226
  • Jun 4, 2014 6:37am Jun 4, 2014 6:37am
Quoting albchr
{quote} Kind of typical for GU prior to big news Carlicus. I have a little less faith in my retrace plan working out to the levels I posted last week. But I'll not be surprised one bit to see it happen still. For me? Let the dust settle. Plenty of opportunity ahead. We are still "technically" in an uptrend here. On the big charts that is.
Thank you. I just wish I would of held for my tp. My tp before trailling was 172.04 Based on my fib calculations and we bounced right off that price. Yet, I am happy with the small profit I made on this pair. I may trade gbp with your guys more often.
Ever thought about how much money you could earn wagering against yourself?
  • #380,227
  • Jun 4, 2014 6:38am Jun 4, 2014 6:38am
Quoting Carlicus
{quote} Maybe the price has been pushed up in a move to build shorts ahead of the news, so the big hands get a better price to short ... Let's see in a while
That would fit with the plan I posted last week. Just don't know if it will go as high as I thought then. But yes, at this point I'm looking for best possible shorts intraday to ride for a while.
Ghost Rider - WWTBMD?
  • #380,228
  • Jun 4, 2014 6:42am Jun 4, 2014 6:42am
Quoting albchr
{quote} That would fit with the plan I posted last week. Just don't know if it will go as high as I thought then. But yes, at this point I'm looking for best possible shorts intraday to ride for a while.
exactly if ur going to take a parachute jump try and find the tallest building and if u cant find one then make one ..
  • #380,229
  • Jun 4, 2014 6:43am Jun 4, 2014 6:43am
Us as usual could show shit news...
No emotions, just trade
  • #380,230
  • Jun 4, 2014 6:46am Jun 4, 2014 6:46am
Quoting FibsWork4Me
{quote} Thank you. I just wish I would of held for my tp. My tp before trailling was 172.04 Based on my fib calculations and we bounced right off that price. Yet, I am happy with the small profit I made on this pair. I may trade gbp with your guys more often.
Anyone that works with fibs gets my attention quickly. The way you work it all with news is also impressive to me. I'm clueless there.

I was actually scalping the dragon short yesterday. Made a few, then gave it right back this morning. lol

I see some more upside potential there on GJ especially if GU pulls back up even close to what I thought last week.

GJ Daily
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Ghost Rider - WWTBMD?
  • #380,231
  • Jun 4, 2014 6:46am Jun 4, 2014 6:46am
Quoting DerekTrotter
{quote} exactly if ur going to take a parachute jump try and find the tallest building and if u cant find one then make one ..
your a case x
  • #380,232
  • Jun 4, 2014 6:48am Jun 4, 2014 6:48am
Quoting DerekTrotter
{quote} exactly if ur going to take a parachute jump try and find the tallest building and if u cant find one then make one ..
I see wide open windows above the 13th floor.
Ghost Rider - WWTBMD?
  • #380,233
  • Jun 4, 2014 6:50am Jun 4, 2014 6:50am
Quoting elbert3
{quote} your a case x
If its got jack Daniels branded on the side of it then even better ..
  • #380,234
  • Jun 4, 2014 6:52am Jun 4, 2014 6:52am
Quoting albchr
{quote} I see wide open windows above the 13th floor.
Indeed but then again what if NFP is a turkey and this is all a game .. well u never know right .. i mean they know for sure .. but then we are us and they are well them .. off for the day now its too rainy to stay indoors all day ..
  • #380,235
  • Jun 4, 2014 6:53am Jun 4, 2014 6:53am
Quoting FibsWork4Me
{quote} On both sir. What I will do is create a thread which displays it. We can take some stats and see how many times it works. Right now since us data is expected, I would expect GBP to drop.
Hi - Haven't posted here for quite some time, so sorry for dropping in seemingly from nowhere. However, this did seem to be an interesting idea. My tuppen'th: Perhaps the market moves against the currency about which data is due to be released. It might do this as investors avoid being caught dancing with the ugly one when the music stops. Unlike this morning, when the potentially ugly one was Sterling, this one is American, and avoiding her will cause GB to rise, not fall, prior to the release of data.
This would assume pessimism which *usually* should be disappointed, resulting in a reversal, as you expect. Time will tell...

I came across an interesting play on news releases where the outcome is critical, and the reaction likely to be sharp, in either direction: place simultaneous short and long orders moments before the announcement, with tight stop losses. Would have worked a treat this morning...
  • #380,236
  • Edited 7:06am Jun 4, 2014 6:54am | Edited 7:06am
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Anyone that works with fibs gets my attention quickly. The way you work it all with news is also impressive to me. I'm clueless there.

I was actually scalping the dragon short yesterday. Made a few, then gave it right back this morning. lol

I see some more upside potential there on GJ especially if GU pulls back up even close to what I thought last week.

GJ Daily

5 min fibs for news works out very nice i can show you how i do it if you like


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  • #380,237
  • Jun 4, 2014 6:56am Jun 4, 2014 6:56am
Quoting DerekTrotter
{quote} Indeed but then again what if NFP is a turkey and this is all a game .. well u never know right .. i mean they know for sure .. but then we are us and they are well them .. off for the day now its too rainy to stay indoors all day ..
Precisely why I have NO bias. I can only say what is right now. Beyond that I happily let PA and SR do the talking. I'm quite content to follow.
Ghost Rider - WWTBMD?
  • #380,238
  • Jun 4, 2014 6:59am Jun 4, 2014 6:59am
Quoting DerekTrotter
{quote} If its got jack Daniels branded on the side of it then even better ..
lol.this could go to 6789 ? strange numbering if you see the emas i use you could predict my play, by now gringo
  • #380,239
  • Jun 4, 2014 7:01am Jun 4, 2014 7:01am
Quoting iaveight
5 min fibs for news works out very nice i can show you how i do it if you like
Sure. I'm always interested to see new things. Although with that said, I am working my way up to a more...shall we say... relaxed approach on the higher TF's now. Really digging swings, harmonics and ratios. They fit quite nicely with my brand of logic.
Ghost Rider - WWTBMD?
  • #380,240
  • Jun 4, 2014 7:02am Jun 4, 2014 7:02am
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there you go fibbies that could be a call short off the 61.8
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