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Cable Update (GBPUSD)

  • #381,481
  • Jun 12, 2014 10:24am Jun 12, 2014 10:24am
Jimmy, where is your Dollar index chart...its nice to see how its testing 80.67, yesterday's support, today's resistance, it seems...if we stay below, longs will win. HH tomorrow then.

EDIT: Cable broke up...not shorting this until 2-3 more hours...for a quick 20-30 pips maybe.

EDIT 2: Long live longs.

Come on cable...2 pips short from my 6860 target? Don't stop now.
Everyone can see the chart, but only a few can actually read it.
  • #381,482
  • Jun 12, 2014 10:25am Jun 12, 2014 10:25am
Hi AllyB

How are your DB levels working out today? Been pretty slow and choppy I know. If I weren't stuck to one way trading I'd have played the 233 today I think.
Ghost Rider - WWTBMD?
  • #381,483
  • Jun 12, 2014 10:28am Jun 12, 2014 10:28am
Quoting OnlineAddict
Jimmy, where is your Dollar index chart...its nice to see how its testing 80.67, yesterday's support, today's resistance, it seems...if we stay below, longs will win. HH tomorrow then. EDIT: Cable broke up...not shorting this until 2-3 more hours...for a quick 20-30 pips maybe. EDIT 2: Long live longs.
6880 here we come?
Attached Image (click to enlarge)
Click to Enlarge Name: USD_GBP_Daily Indexs.PNG Size: 65 KB
Ghost Rider - WWTBMD?
  • #381,484
  • Jun 12, 2014 10:30am Jun 12, 2014 10:30am
Quoting albchr
Hi AllyB How are your DB levels working out today? Been pretty slow and choppy I know. If I weren't stuck to one way trading I'd have played the 233 today I think.
not the best day for db's but these levels worked out fairly well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 51 KB
  • #381,485
  • Jun 12, 2014 10:32am Jun 12, 2014 10:32am
Quoting albchr
{quote} 6880 here we come? {image}
I hope there is enough volume for that. Wouldn't be the first 20 pip spike during these "late" hours...but even if not, if we get there during asian session or early EU session, I will short it and hold until friday close or next week.
Everyone can see the chart, but only a few can actually read it.
  • #381,486
  • Jun 12, 2014 10:38am Jun 12, 2014 10:38am
Quoting AllyB
{quote} not the best day for db's but these levels worked out fairly well {image}
Yes they seem to have

I've been working on a little 233 tick project for about a week now. Still an infant and needing watching and tweaking but I like it so far. Today's signal good for about 100 so far on a buy.
Attached Image (click to enlarge)
Click to Enlarge Name: !t-gbpusdmm233.png Size: 64 KB
Ghost Rider - WWTBMD?
  • #381,487
  • Jun 12, 2014 10:41am Jun 12, 2014 10:41am
Quoting WaylDz
{quote} if you are talking about the c wave , i wanna tell you that the wave is not impulsive , it's a ending diagonal , so as it's a kind of the impulsive wave i had count it using number
Soory, i didnt want to hurt you! I hope you can use it useful, i do not trade CEW it is too subjective...
But i think/hope your blue c has ended and the red iii, iv is an new sub impulse wave which will contain an extended wave..

Good luck!
Anything is math!
  • #381,488
  • Jun 12, 2014 10:44am Jun 12, 2014 10:44am
Quoting albchr
{quote} Yes they seem to have I've been working on a little 233 tick project for about a week now. Still an infant and needing watching and tweaking but I like it so far. Today's signal good for about 100 so far on a buy. {image}
what ma's are you using?
  • #381,489
  • Jun 12, 2014 10:45am Jun 12, 2014 10:45am
Quoting OnlineAddict
{quote} I hope there is enough volume for that. Wouldn't be the first 20 pip spike during these "late" hours...but even if not, if we get there during asian session or early EU session, I will short it and hold until friday close or next week.
Don't know about the volume. Could be a bit after noon today. But I forgot to mention on those indexes, both the dollar and GBP are at bounces levels on the fibs. So things should probably pause at least around here for now. But even slow drifting could carry GU a bit higher. We'll see.
Ghost Rider - WWTBMD?
  • #381,490
  • Jun 12, 2014 10:46am Jun 12, 2014 10:46am
Quoting AllyB
{quote} what ma's are you using?
That's the still tweaking part of it. I'll shoot you a PM.
Ghost Rider - WWTBMD?
  • #381,491
  • Jun 12, 2014 10:47am Jun 12, 2014 10:47am
Quoting albchr
{quote} That's the still tweaking part of it. I'll shoot you a PM.
ok ... thanks
  • #381,492
  • Jun 12, 2014 10:50am Jun 12, 2014 10:50am
I need a double top to short this now...either that or I wait for the asian session.
Everyone can see the chart, but only a few can actually read it.
  • #381,493
  • Jun 12, 2014 11:05am Jun 12, 2014 11:05am
Quoting OnlineAddict
I need a double top to short this now...either that or I wait for the asian session.
Looks like the market is done for the day. Unless Carney's speech stirs up something unexpectedly, better wait for the Asian session. Since the cable pays peanuts in interest, no point making it a carry trade.
Make your losses in demo. Earn your profits live.
  • #381,494
  • Jun 12, 2014 11:07am Jun 12, 2014 11:07am
Quoting Forexia
{quote} Looks like the market is done for the day. Unless Carney's speech stirs up something unexpectedly, better wait for the Asian session. Since the cable pays peanuts in interest, no point making it a carry trade.
Yes, looks like it...
Everyone can see the chart, but only a few can actually read it.
  • #381,495
  • Jun 12, 2014 11:10am Jun 12, 2014 11:10am
7040 could be the trade of the year. 15 pip stop loss and potential 1000+ pips gain. Can't think of a better r/r ratio.

HEY ONLINE ADDICT that is amazing so should we all trade it together then.. sounds well surely its impossible u know for sure a thousand pips plus - wow so how come u know so much if u pardon my interlect and see that as just curiosity..
  • #381,496
  • Jun 12, 2014 11:10am Jun 12, 2014 11:10am
And now we test the breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 77 KB
Ghost Rider - WWTBMD?
  • #381,497
  • Jun 12, 2014 11:11am Jun 12, 2014 11:11am
looks like shorts are now in play .. and who said the day was over lol .. ?
  • #381,498
  • Jun 12, 2014 11:15am Jun 12, 2014 11:15am
Quoting DerekTrotter
7040 could be the trade of the year. 15 pip stop loss and potential 1000+ pips gain. Can't think of a better r/r ratio. HEY ONLINE ADDICT that is amazing so should we all trade it together then.. sounds well surely its impossible u know for sure a thousand pips plus - wow so how come u know so much if u pardon my interlect and see that as just curiosity..
I said "potential", I don't know if it drops so much, it may, it may not. Why do my thoughts bother you? Nobody should trade what I say.
Everyone can see the chart, but only a few can actually read it.
  • #381,499
  • Jun 12, 2014 11:16am Jun 12, 2014 11:16am
Quoting DerekTrotter
looks like shorts are now in play .. and who said the day was over lol .. ?
Just need this baby to fold along with UJ and my Dragon shorts are golden.
Ghost Rider - WWTBMD?
  • #381,500
  • Jun 12, 2014 11:18am Jun 12, 2014 11:18am
Quoting OnlineAddict
{quote} I said "potential", I don't know if it drops so much, it may, it may not. Why do my thoughts bother you? Nobody should trade what I say.
U dont bother me HOMBRE and ur thoughts are like clouds on a windy day they appear then just move along and re appear with more clouds of more thoughts .. wow 1,000 pips coming up beers are on ONLINE - potentially the beers are ..
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