Disliked{quote} 16873 is your short back too 16808.. hoping to see it down first though... this might happen Monday if not today.. if we can't break 1.6787 this will get really freaky swings back and forth cancelling out pips etc for people.. for instance.... if we do not break 1.6787 and go up too 1.6843 area then that will short all the way back too 1.6787 before attempting 1.6873 then that will try and make it back too 1.6808 Hence my reason for looking for it to short first down too 1.6747 areaIgnored
Cable Update (GBPUSD)
- #380,642
- Jun 6, 2014 4:01am Jun 6, 2014 4:01am
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
{quote} Haha, I just set my TP to 6750 and a buy order at 6747, before going back to sleep. I hope we will go down to 70s before NFP, then a quick news spike could open my buy order, as there won't be time to do it manually, I think. But after that, I don't think we can go much higher than 6780, on a friday. After that, monday or tuesday a final spike above 6850 and then I will short it until 6650, which hopefully happens the same week. That would be the 100% ideal scenario.
ha ha ha.. take profit the same...am tempted set manual as well but going tottry and get the bottom at 1.6741 only because of greed.. want to take profits at 1.6787 and use the profits to re buy as much as profit will let me at 1.6756... would love to see us at 1.6873 then but 100 pips from there forecasts 1.6843 area and that's a fractal which would want it to come back to 1.6787 area so can't see it doing that many swings so if we get down to our buy areas at 1.6740's then 1.6840 would be top for the day.
Then price usually does 200 - 250 pips per week.... 1.6787 would provide perfect platform for double top or a break above... 1.6787 add 200 pips = 1.6987... I will short the double top...
My self I see end of days not intraday here as 1.6785 Monday too 1.6873
1.6873 retrace 1.6808
This is tricky - either 1.6808 too 1.6887 then retrace too 1.6830 Or 1.6808 too 1.6903 area
1.6903 too 1.6870 then 1.6870 too 1.6958... if we retraced off 1.6887 though to 1.6829 then I would be looking at taking that too 1.6912 then again retrace to 1.6870 then upto same level and get us back on track at 1.6958
1.6958 retrace to 1.6903 then 1.6903 too 1.6987/95 producing double top.....
It could break though but that's what I'm playing, I will play the double top and match that up with USD at same time
- #380,644
- Jun 6, 2014 4:09am Jun 6, 2014 4:09am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} ha ha ha.. take profit the same...am tempted set manual as well but going tottry and get the bottom at 1.6741 only because of greed.. want to take profits at 1.6787 and use the profits to re buy as much as profit will let me at 1.6756... would love to see us at 1.6873 then but 100 pips from there forecasts 1.6843 area and that's a fractal which would want it to come back to 1.6787 area so can't see it doing that many swings so if we get down to our buy areas at 1.6740's then 1.6840 would be top for the day. Then price usually does 200 -...
- #380,645
- Jun 6, 2014 4:12am Jun 6, 2014 4:12am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #380,648
- Jun 6, 2014 4:32am Jun 6, 2014 4:32am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
{quote} No doubt PT. A great pair. I didn't trade this but it would seem my view of it was correct. Just learning this approach so watching a few to see how I'm doing is "almost" as good as profit.Makes me think my Cable view will work out as well. {image}
- #380,650
- Jun 6, 2014 4:39am Jun 6, 2014 4:39am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
interesting how they are forecasting an increase in the usa unemployment rate from the previous - so it might be a plus if it stays the same - kinda feel nfp infor might be a flanker but look out for the unemployment rate .. 
- #380,654
- Jun 6, 2014 4:47am Jun 6, 2014 4:47am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
interesting how they are forecasting an increase in the usa unemployment rate from the previous - so it might be a plus if it stays the same - kinda feel nfp infor might be a flanker but look out for the unemployment rate ..
- #380,656
- Jun 6, 2014 4:51am Jun 6, 2014 4:51am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
{quote} thats a first no joke in the post,,, lol pump ordered monday fixed, wedding sat, dress today, so i need to win the game today dell boy
- #380,659
- Jun 6, 2014 4:58am Jun 6, 2014 4:58am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote}i agree, something tells me the u.s. goverment got there hands in the forex cookie jar not good trading usd pairs these days
Ghost Rider - WWTBMD?