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Cable Update (GBPUSD)

  • #380,961
  • Jun 9, 2014 2:43am Jun 9, 2014 2:43am
Quoting elbert3
{quote} {image} but i need them ..lol looking to stay in the down channel now

Channels fine but you dont need the emas trust me their probably holding yoou back if anything.... try reading naked charts.. timeframe to timeframe then you might be able to understand the fractals over time
  • #380,962
  • Jun 9, 2014 2:44am Jun 9, 2014 2:44am
well looks like i back the wrong horse here currently....i had euro plan short at 1.366770 but cable got to short spot first... cable is like up 7 pips and if i took euro already be in profit 21 pips......cable putting up more of a fight at the moment
  • #380,963
  • Jun 9, 2014 2:59am Jun 9, 2014 2:59am
Quoting RussJ
well looks like i back the wrong horse here currently....i had euro plan short at 1.366770 but cable got to short spot first... cable is like up 7 pips and if i took euro already be in profit 21 pips......cable putting up more of a fight at the moment
looks ok for now we need to keep in that downwards channel,posted above eur looks like it found resistance for now , emas i find help, ,ie trend following , but as you say different times have different readings ?
  • #380,964
  • Jun 9, 2014 3:01am Jun 9, 2014 3:01am
Are you in any trades elbert???
  • #380,965
  • Jun 9, 2014 3:02am Jun 9, 2014 3:02am
Quoting elbert3
{quote} looks ok for now we need to keep in that downwards channel,posted above eur looks like it found resistance for now , emas i find help, ,ie trend following , but as you say different times have different readings ?

But fractals udrstanding them means when it hits support or resistance on 1 timeframe you know whch timeframe to go too and where it should go too as in x to the spot in essence
  • #380,966
  • Jun 9, 2014 3:04am Jun 9, 2014 3:04am
Quoting RussJ
Are you in any trades elbert???
yes 4 lot short gbusd....... long gold to 68 from 51 then short ,
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 101 KB
  • #380,967
  • Jun 9, 2014 3:06am Jun 9, 2014 3:06am
Quoting elbert3
{quote} {image} but i need them ..lol looking to stay in the down channel now
GBPUSD on the daily chart, the price is moving down along with a bearish trend. On the break of the trend line around 1.6850, we should see an upward thrust.
Want to learn more: HTO Trading
  • #380,968
  • Jun 9, 2014 3:08am Jun 9, 2014 3:08am
Quoting elbert3
{quote} yes 4 lot short gbusd....... long gold to 68 from 51 then short ,{image}

where are you short from???
  • #380,969
  • Jun 9, 2014 3:28am Jun 9, 2014 3:28am
Quoting RussJ
{quote} where are you short from???
2 at 725 , 6798 from friday took 44 pips friday afternoon,, lol we thought were on a roll and put an order below 800 again hence the 6798 23 pips early this morning and short 27 again just pp to 20 incase ?? thats it i was looking gbjy short to 71.68 but not shaw
Attached Image (click to enlarge)
Click to Enlarge Name: GBJY.png Size: 119 KB
  • #380,970
  • Jun 9, 2014 3:33am Jun 9, 2014 3:33am
Quoting RussJ
well looks like i back the wrong horse here currently....i had euro plan short at 1.366770 but cable got to short spot first... cable is like up 7 pips and if i took euro already be in profit 21 pips......cable putting up more of a fight at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 104 KB
the rr here short could be good , a break below the 10 ema there is not much other support ??
  • #380,971
  • Jun 9, 2014 3:43am Jun 9, 2014 3:43am
Quoting elbert3
{quote} {image} the rr here short could be good , a break below the 10 ema there is not much other support ??
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.png Size: 87 KB
As an experiment on ems red top white below means break short so 41 short , in conjunction with the other chart above to stay in the down trend lines
  • #380,972
  • Jun 9, 2014 3:57am Jun 9, 2014 3:57am
all asleep???i feel alone ?/
  • #380,973
  • Jun 9, 2014 4:00am Jun 9, 2014 4:00am
not at all. I m here but not interested in EUR as I have 4 shorts of GBP from 6835, 6825, 6788, and 6765.
  • #380,974
  • Jun 9, 2014 4:12am Jun 9, 2014 4:12am
just checked charts and again as got euro up so flicking 1 chart at time on cable and.. i think 1st spot for it too go too is 1.6767.. there it will climb back too 1.6802 and then short too 1.6741/38 although it needs to break down first... i dont see 1.6782.78 putting up much resistance those price will be contained by 1.6796 in my opinion and the pullback overnight and tomorrow off 1.6738 might only go as far as 1.6797... i feel it wll then be shorted again Cable, heaveily shorted.

Your shorts are ok as well Elbert would have stop at like 31 risk 6 pips as if breaks 31 would go higher but not expecting it
  • #380,975
  • Jun 9, 2014 4:17am Jun 9, 2014 4:17am
Quoting elbert3
all asleep???i feel alone ?/
I'll have your back. Your charts give refreshing insights, thanks for that!

My plans for this week are as follows:
EURUSD Short @ 1.36411 TP @ 1.36067
GBPUSD Short @ 1.68262, @ 1.68234, @ 1.67866 TP @ 1.67415
XAUUSD Long @ 1258.71, @ 1254.89 TP @ 1268 - 1272
XAGUSD Long @ 19.1544, @ 19.0854, @ 19.1024, @ 19.1474 TP @ 19.2869

The entries are not all very good, but it has an opportunity to transform into green pips.

off-topic; What do you think to be a good TP for silver?

Best regards,

Frietzak
  • #380,976
  • Jun 9, 2014 4:18am Jun 9, 2014 4:18am
Quoting mszaman
not at all. I m here but not interested in EUR as I have 4 shorts of GBP from 6835, 6825, 6788, and 6765.
What you ot 4 shorts on it for???? lol im understand if you were getting in at specific prices as it was dropping or putting 4 on at a cetain price but 4 with no room between seems like your inital idea was 1 lot and you've just let emotion run into the game where is if you were trading 4 lots you would have entered at 1 price etc.

Your average is 1.6803.. what i would do is exit those shorts at 1.6770 then re enter the 4 shorts on the retrace at 1.68... stop 1.6815 and target 1.6740 thats what i would do.

Then tomorrow enter maybe 6 shorts or 4 again at 1.6797 tomorrow and scale 50% of those shorts around 1.67 area and leave the rest run too 1.65
  • #380,977
  • Jun 9, 2014 4:23am Jun 9, 2014 4:23am
[quote=frietzak;7521959]{quote} I'll have your back. Your charts give refreshing insights, thanks for that! My plans for this week are as follows:

EURUSD Short @ 1.36411 TP @ 1.36067- - My analsysis is in pink

I think It will go to 1.3586 but first stop will have a hard time is 1.3608 and people will take profit there today, then maybe it makes its way too 1.3597 then retrace again then eventually 1.3586 but can't be sure if today or early tomorrow when it will reach the bottom


GBPUSD Short @ 1.68262, @ 1.68234,

This will go low too 1.65 i expect but today i expecttake profit 1 to be at 1.6767 then retrace to 1.6802 then finish the day at 1.6741/38

at this point 1.6741/38 over night trade and Pre london tomorrow will take us back too 1.6797 for tomorrow's short which will be lower lows
  • #380,978
  • Jun 9, 2014 4:25am Jun 9, 2014 4:25am
Cable

16834 down too 1.6767
16767 upto 1.6802
16802 down too 1.6756
1.6756 upto 1.6781
1.6781 down to 1.6741/39 (Todays bottom)
1.6739/41 upto (overnight trade) 1.6797 (Tomorrow's short spot for lower lows!!!!
  • #380,979
  • Jun 9, 2014 4:28am Jun 9, 2014 4:28am
Quoting frietzak
{quote} I'll have your back. Your charts give refreshing insights, thanks for that! My plans for this week are as follows: EURUSD Short @ 1.36411 TP @ 1.36067 GBPUSD Short @ 1.68262, @ 1.68234, @ 1.67866 TP @ 1.67415 XAUUSD Long @ 1258.71, @ 1254.89 TP @ 1268 - 1272 XAGUSD Long @ 19.1544, @ 19.0854, @ 19.1024, @ 19.1474 TP @ 19.2869 The entries are not all very good, but it has an opportunity to transform into green pips. off-topic; What do you think to be a good TP for silver? Best regards, Frietzak
Attached Image (click to enlarge)
Click to Enlarge Name: eur3.png Size: 99 KB
on the 30 25 on the 200sma could be a problem ?? but the emas are showing short but boarder line for now break there and i agree with russ could break 35 also
  • #380,980
  • Jun 9, 2014 4:32am Jun 9, 2014 4:32am
Quoting RussJ
Quoting frietzak
{quote} I'll have your back. Your charts give refreshing insights, thanks for that! My plans for this week are as follows: EURUSD Short @ 1.36411 TP @ 1.36067- - My analsysis is in pink I think It will go to 1.3586 but first stop will have a hard time is 1.3608 and people will take profit there today, then maybe it makes its way too 1.3597 then retrace again then eventually 1.3586 but can't be sure if today or early tomorrow when it will reach the bottom GBPUSD Short @ 1.68262, @ 1.68234, This will go low too 1.65 i expect
...
Attached Image (click to enlarge)
Click to Enlarge Name: eurmon.png Size: 113 KB
if we may be so bold ??
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