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Cable Update (GBPUSD)

  • #381,441
  • Jun 12, 2014 7:55am Jun 12, 2014 7:55am
Quoting elbert3
{quote} sorry i have had a closer look at your chart,, my mistake i was thinking you just posted it ,, as right this minute ...lol
LOL ok now you got me confused. I did just post it and take the picture a few minutes ago or right before news and I was just showing jimmC some mid-level dustbins. I don't use a fib on dustbins just the levels themselves. "if" the levels are set correctly then I enter a trade when a m5 candle closes above or below that level. so far I am not liking these mid levels so not using them atm
  • #381,442
  • Jun 12, 2014 7:58am Jun 12, 2014 7:58am
Quoting JimmyC
{quote} Those nasty numbers have cleared up the s/r issues biggest deal for today and tomorrow is 1.684 level. if we stay below continued bearish action is possible but the overall daily chart is bullish imo

their are days when dustbins just don't play well and so far today is one of those days. agree with your 684 though and will keep an eye on that. thanks for the info
  • #381,443
  • Jun 12, 2014 8:05am Jun 12, 2014 8:05am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 76 KB
Ghost Rider - WWTBMD?
  • #381,444
  • Jun 12, 2014 8:07am Jun 12, 2014 8:07am
Past the 20 up, sell it down on a flat ema line ??
  • #381,445
  • Jun 12, 2014 8:07am Jun 12, 2014 8:07am
Quoting AllyB
{quote} their are days when dustbins just don't play well and so far today is one of those days. agree with your 684 though and will keep an eye on that. thanks for the info
going to watch these levels for awhile also
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 53 KB
  • #381,446
  • Jun 12, 2014 8:08am Jun 12, 2014 8:08am
Quoting albchr
{image}
lets get ready to tumble
  • #381,447
  • Jun 12, 2014 8:11am Jun 12, 2014 8:11am
Added another short to the portfolio.
  • #381,448
  • Jun 12, 2014 8:13am Jun 12, 2014 8:13am
Quoting frietzak
added another short to the portfolio.
hi have you been on the gold thread
  • #381,449
  • Jun 12, 2014 8:16am Jun 12, 2014 8:16am
Quoting elbert3
{quote} hi have you been on the gold thread
Yes buddy. I have responded to your quote. =)
  • #381,450
  • Jun 12, 2014 8:18am Jun 12, 2014 8:18am
Hi Folks !

There is no doubt about from my point of view that the cable loses steam since the last weeks.
I'm a position trader and have build until today a huge short position.
The 1.6750 support area held the last days and I see a breakthrough soon in direction 1.6700 and lower.
The fundamental reasons are obvious and the actual positive economic figures don't represent the real picture....
You have to talk a market up or down to make huge money from it afterwards.......
It can't stressed enough that longer term position trading and a lot of patience are the building blocks to
a successfull trading career....

That doesn't mean that I'm not interested in trading short time frames from time to time ;-))

Happy trading

bernhard
  • #381,451
  • Jun 12, 2014 8:23am Jun 12, 2014 8:23am
Quoting elbert3
{quote} lets get ready to tumble
LOL... I STILL hate that guy. Even without the sound!
Ghost Rider - WWTBMD?
  • #381,452
  • Jun 12, 2014 8:24am Jun 12, 2014 8:24am
Quoting behof
Hi Folks ! There is no doubt about from my point of view that the cable loses steam since the last weeks. I'm a position trader and have build until today a huge short position. The 1.6750 support area held the last days and I see a breakthrough soon in direction 1.6700 and lower. The fundamental reasons are obvious and the actual positive economic figures don't represent the real picture.... You have to talk a market up or down to make huge money from it afterwards....... It can't stressed enough that longer term position trading and a lot of patience...
That's comforting to know behof. I feel the same way long term from here.
Ghost Rider - WWTBMD?
  • #381,453
  • Jun 12, 2014 8:29am Jun 12, 2014 8:29am
Quoting albchr
{quote} lol... I still hate that guy. Even without the sound!
lol i was going to post a youtube vid,, but as soon as you read it you say it lol
  • #381,454
  • Jun 12, 2014 8:31am Jun 12, 2014 8:31am
Quoting albchr
{quote} That's comforting to know behof. I feel the same way long term from here.
I HOPE HE IS RIGHT BECAUSE I HAVE BEEN DOING THE SAME THING AS YOU KNOW
  • #381,455
  • Jun 12, 2014 8:32am Jun 12, 2014 8:32am
Quoting elbert3
Past the 20 up, sell it down on a flat ema line ??

I use a different indicator called barclose on m5 for that, not the 20ema

here is a shot with both of them on it (barclose is the red and blue line)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 36 KB
  • #381,456
  • Jun 12, 2014 8:32am Jun 12, 2014 8:32am
Quoting behof
hi folks ! There is no doubt about from my point of view that the cable loses steam since the last weeks. I'm a position trader and have build until today a huge short position. The 1.6750 support area held the last days and i see a breakthrough soon in direction 1.6700 and lower. The fundamental reasons are obvious and the actual positive economic figures don't represent the real picture.... You have to talk a market up or down to make huge money from it afterwards....... It can't stressed enough that longer term position trading and a lot of patience...
thanks for that,, regards e
  • #381,457
  • Jun 12, 2014 8:35am Jun 12, 2014 8:35am
Quoting allyb
{quote} i use a different indicator called barclose on m5 for that, not the 20ema here is a shot with both of them on it (barclose is the red and blue line) {image}
is it any good ? Are we short on your indi ? The indi on my weekly has been saying sell for the past 2 weeks ?? So lets sell lol thanks e,,,
  • #381,458
  • Jun 12, 2014 8:35am Jun 12, 2014 8:35am
Quoting elbert3
{quote} lol i was going to post a youtube vid,, but as soon as you read it you say it lol
Please don't

It's bad enough the stupid Progressive Insurance company's commercials play the darn thing ALL day everyday. Can't get to the mute button fast enough!

I think the only thing I hate more than that guy screaming that crap ... is the crap he screams it for. Bunch of fakes .... ... lol
Ghost Rider - WWTBMD?
  • #381,459
  • Jun 12, 2014 8:38am Jun 12, 2014 8:38am
Quoting elbert3
{quote} I HOPE HE IS RIGHT BECAUSE I HAVE BEEN DOING THE SAME THING AS YOU KNOW
Well, whenever a position trader shares what I'm seeing long term it gives me a bit more confidence. Of course, it could run to 7042 and not mean much to them except a great place to add more.
Ghost Rider - WWTBMD?
  • #381,460
  • Jun 12, 2014 8:43am Jun 12, 2014 8:43am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_H4.JPG Size: 85 KB

I really do not want to break up this 61.8 level fibo, because I am short here, but let see
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