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Cable Update (GBPUSD)

  • #380,941
  • Jun 8, 2014 5:29pm Jun 8, 2014 5:29pm
Quoting PoundTrader
look like market won't pick up till wensday
More than likely.
Ghost Rider - WWTBMD?
  • #380,942
  • Jun 8, 2014 5:46pm Jun 8, 2014 5:46pm
what's this shitty yoyo play?!
  • #380,943
  • Jun 8, 2014 5:48pm Jun 8, 2014 5:48pm
Quoting albchr
Right or wrong, here's what I'm looking at for GU, UJ and GJ. I think we're still in the NFP shake out so a bit of confusion on the lower TF's as the big guns suck up orders and stops both ways. Still trying this little experiment. Using my tried and true "in the moment" SR+PA overlaid on Davit's nice BB system with harmonics thrown in to look out ahead a bit further. Sort of a combination of swing trading with some day trading to the swing zones thrown in. So far, it seems to work rather nicely but it's all very new yet so I'll see. I'll be setting...
GJ:

Monthly & Weekly are looking higher IMHO :-)
Swing lows are getting higher so think a break higher is coming soon.
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  • #380,944
  • Jun 8, 2014 6:04pm Jun 8, 2014 6:04pm
Quoting srt
{quote} GJ: Monthly & Weekly are looking higher IMHO :-) Swing lows are getting higher so think a break higher is coming soon. {image} {image}
I agree with you overall srt. And as of now I feel the same for UJ as well. I just don't think it will happen this week but maybe. I'm thinking one more leg down for the run up on both. Following the trends I still feel GU is in for higher highs too. Trying to limit myself to no more than a weekly view at this point. Still trading the ups and downs day to day but would like to phase out of that a bit more now.

I'm heading to a point in life where I won't have all day to stare at the screens. I'm sure the adjustment period will have some bumps in the road for me.
Ghost Rider - WWTBMD?
  • #380,945
  • Jun 8, 2014 6:09pm Jun 8, 2014 6:09pm
Quoting albchr
{quote} I agree with you overall srt. And as of now I feel the same for UJ as well. I just don't think it will happen this week but maybe. I'm thinking one more leg down for the run up on both. Following the trends I still feel GU is in for higher highs too. Trying to limit myself to no more than a weekly view at this point. Still trading the ups and downs day to day but would like to phase out of that a bit more now. I'm heading to a point in life where I won't have all day to stare at the screens. I'm sure the adjustment period will have some...
If we didn't live in the states, we could hold a long-term bulllish position for higher levels & short for the next swing down. Make pips both ways :-)

If scaling in Davit's way, I'd have a plan in case it runs for the breakout without another pullback.
  • #380,946
  • Jun 8, 2014 6:21pm Jun 8, 2014 6:21pm
Quoting srt
{quote} If we didn't live in the states, we could hold a long-term bulllish position for higher levels & short for the next swing down. Make pips both ways :-) If scaling in Davit's way, I'd have a plan in case it runs for the breakout without another pullback.
Yeah, when I first started that wasn't a problem and it was great holding longer profits and adding the bounces in. What a shame for us. A buddy sent me a link to some outfits that may help solve that. We know nothing about them so I'm doing some background research into them now.

For now the one I work with has the FIFO thing covered well. Don't know about the hedging. I hear some do but I never tried it. Think I might just to see what happens.

A plan? hehe....always
Ghost Rider - WWTBMD?
  • #380,947
  • Jun 9, 2014 1:00am Jun 9, 2014 1:00am
Morning all...Russ thats for the insight , quick chart then i will be gone for a while
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expecting a break out long for now,,,but if london want to sell that might be the order of the week???
  • #380,948
  • Jun 9, 2014 1:06am Jun 9, 2014 1:06am
Quoting elbert3
Morning all...Russ thats for the insight , quick chart then i will be gone for a while {image} expecting a break out long for now,,,but if london want to sell that might be the order of the week???
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do we break into the channel or confirm short from the fibs ??
  • #380,949
  • Jun 9, 2014 1:08am Jun 9, 2014 1:08am
Quoting elbert3
{quote} {image} do we break into the channel or confirm short from the fibs ??
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could buy the breakout ???
  • #380,950
  • Jun 9, 2014 1:30am Jun 9, 2014 1:30am
Hello GBP/US


Everybody happy

I need a 1.660 to clear my shorts

Just watching EUR/US pending short 1.37
  • #380,951
  • Jun 9, 2014 1:40am Jun 9, 2014 1:40am
Thinking Cable can creep up to 1.6834 then short
  • #380,952
  • Jun 9, 2014 1:47am Jun 9, 2014 1:47am
Hi everyone,

Second short position initiated @ 1.6823.

I could not resist to set up another pending short @ 1.68330. (smaller lot size)

Everyone good luck this week!

Best regards,

Frietzak
  • #380,953
  • Jun 9, 2014 1:53am Jun 9, 2014 1:53am
Quoting RussJ
Thinking Cable can creep up to 1.6834 then short
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morning Russ i had a sell on the 27 5 min chart, which on the 4 hour transpires to the 200 sma only scalping for now if we cann get more than 20 then below 16800 carry on down
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  • #380,954
  • Jun 9, 2014 1:55am Jun 9, 2014 1:55am
Yep just got int at 1.68253 was hoping to see 1.6834 but its struggling and USDis at its intrday support so sold it
  • #380,955
  • Jun 9, 2014 1:56am Jun 9, 2014 1:56am
Nwo hope EUR USD shortsfrom her because if it shoots up too 1.3705 then retraces then Cable will also shoot up i expect
  • #380,956
  • Jun 9, 2014 2:01am Jun 9, 2014 2:01am
Quoting RussJ
Yep just got int at 1.68253 was hoping to see 1.6834 but its struggling and USDis at its intrday support so sold it
thats a big break out to start i was in on the break of the emas white 10 on top tells long break out but only took 23 pips ??? sorry now ,but on the 5 min and 4 hour it looked to be a good entry ???
  • #380,957
  • Jun 9, 2014 2:03am Jun 9, 2014 2:03am
Quoting RussJ
Nwo hope EUR USD shortsfrom her because if it shoots up too 1.3705 then retraces then Cable will also shoot up i expect
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might get support here ??
  • #380,958
  • Jun 9, 2014 2:06am Jun 9, 2014 2:06am
Quoting elbert3
{quote} {image} might get support here ??

Its the short spot Elbert.. trargetting 1.3586 in my opinion, Cable was at my spot sooner han Eur and may get too target sooner so took Cable although when Euro gets down too 1.3586 i will surely be buying it up to 1.3805 this week
  • #380,959
  • Jun 9, 2014 2:09am Jun 9, 2014 2:09am
I've got to put this out there, i see people using EMAs cluttered charts and every other indicator.. its the biggest con in the book, dont get me wrong i use 150 and 200EMA but their so far off price when they hit they act as solid suppport but dont clutter my chart... i also use stochastic and a qwillaims % indicator basically as tools for cycling but i look at the naked chart to determine where price is going... you dont need these EMAS' maybe have them on one chart but i'm not saying anyone does but to read fractals correctly look at naked charts... its the only way

all best R
  • #380,960
  • Jun 9, 2014 2:18am Jun 9, 2014 2:18am
Quoting RussJ
I've got to put this out there, i see people using EMAs cluttered charts and every other indicator.. its the biggest con in the book, dont get me wrong i use 150 and 200EMA but their so far off price when they hit they act as solid suppport but dont clutter my chart... i also use stochastic and a qwillaims % indicator basically as tools for cycling but i look at the naked chart to determine where price is going... you dont need these EMAS' maybe have them on one chart but i'm not saying anyone does but to read fractals correctly look at naked charts......
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but i need them ..lol looking to stay in the down channel now
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Ahsan