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Cable Update (GBPUSD)

  • #381,521
  • Jun 12, 2014 11:46am Jun 12, 2014 11:46am
Quoting OnlineAddict
{quote} I don't think its safe to trade what I say...I'm just lucky sometimes...
You are still a good trader. It's just that with the crappy volatility these days, it's getting harder and harder for good strategies and setups to result in profit. Nowadays, the market doesn't seem to move at all unless it's on news so it makes you think you are good because you are lucky.

Take N/U trading that I did yesterday, for example, the only reason why I made some pips was because of RBNZ's decision to increase the OCR. Without that news, my setup would've still been good but I would've probably only earned 10+ pips at most. Gone are the days that you can earn 60 or 80 pips on good trading setups. So bad, when we finally figured out how to trade and we don't have the volatility in the market anymore to allow us to make money.
Make your losses in demo. Earn your profits live.
  • #381,522
  • Jun 12, 2014 11:47am Jun 12, 2014 11:47am
Bull have tried in last 11 hours but bear has shown his strength in last 1 hour with little help of BOE. Or BOE have might create the stage for Mr. Carney !!!
  • #381,523
  • Jun 12, 2014 11:47am Jun 12, 2014 11:47am
Quoting OnlineAddict
{quote} I don't think its safe to trade what I say...I'm just lucky sometimes...
I m reading you, Elbert and Albchr and found your opinions always up to the mark and very helpful , keep it up
  • #381,524
  • Jun 12, 2014 11:49am Jun 12, 2014 11:49am
Howzit!

GU Daily while not closed the inverted hammer may be talking to us.
This leaves the oblique descending resistance as - faked out -

Attached Image


I would remind bears that we are still in a technical uptrend (1.684 R holds) yes I know...
But support at 673 holds too... suggests a range no?

Weekly is undecided

Attached Image


GU 1H

BTFD strategy in process
Attached Image
  • #381,525
  • Jun 12, 2014 11:49am Jun 12, 2014 11:49am
Quoting DerekTrotter
{quote} sweet way to go .. good feeling hey staying short now from 7 am this morning
I should clarify: I longed in my demo since the drop just to test "bottom fishing" strategy and I made 8 pips so far. Good to see you got some green pips today!
Make your losses in demo. Earn your profits live.
  • #381,526
  • Jun 12, 2014 11:52am Jun 12, 2014 11:52am
Quoting albchr
{quote} I think I got in about 30 minutes or so after you at 6829. Been holding all day...lol
Likewise aka 8 am this morning European time .. staying short now for sure ..
  • #381,527
  • Jun 12, 2014 11:54am Jun 12, 2014 11:54am
The good thing about GU, it mostly gives us a second chance to enter a trade, either long or short, so I think we will try to go up again, before a final fall. Might be tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #381,528
  • Jun 12, 2014 11:56am Jun 12, 2014 11:56am
Quoting Dr.Zain
{quote} I m reading you, Elbert and Albchr and found your opinions always up to the mark and very helpful , keep it up
Elbert and Albchr know what they are talking about...I'm just lucky.
Everyone can see the chart, but only a few can actually read it.
  • #381,529
  • Jun 12, 2014 11:57am Jun 12, 2014 11:57am
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. Come on cable...2 pips short from my 6860 target? Don't stop now.

  • #381,530
  • Jun 12, 2014 11:57am Jun 12, 2014 11:57am
Quoting JimmyC
Howzit! GU Daily while not closed the inverted hammer may be talking to us. This leaves the oblique descending resistance as - faked out - {image} I would remind bears that we are still in a technical uptrend (1.684 R holds) yes I know... But support at 673 holds too... suggests a range no? Weekly is undecided {image} GU 1H BTFD strategy in process {image}
Hey Jimmy

As we were saying...oh...I don't know how long ago, a month or so? I forget. Technically we could hit 6660 and arguably still be in the uptrend on a weekly/monthly TF. Do you still think that too? I see it on my charts but always after your thoughts.
Ghost Rider - WWTBMD?
  • #381,531
  • Jun 12, 2014 11:58am Jun 12, 2014 11:58am
Quoting OnlineAddict
The good thing about GU, it mostly gives us a second chance to enter a trade, either long or short, so I think we will try to go up again, before a final fall. Might be tomorrow.
Sorry Hombre u think its heading north then u better think again .. lucky are u sure ?
Any body who can think they are lucky in this arena should think again - that mentality left alot of broken dreams and accounts all over the world ..
  • #381,532
  • Jun 12, 2014 11:59am Jun 12, 2014 11:59am
Quoting OnlineAddict
{quote} Elbert and Albchr know what they are talking about...I'm just lucky.
I wish i was Lucky like you
  • #381,533
  • Jun 12, 2014 12:00pm Jun 12, 2014 12:00pm
Ksooo :/ I closed my short in the middle of the selling... :/
  • #381,534
  • Jun 12, 2014 12:01pm Jun 12, 2014 12:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 107 KB
before lol
Attached Image (click to enlarge)
Click to Enlarge Name: day.png Size: 113 KB
i hope you were on it .
  • #381,535
  • Jun 12, 2014 12:02pm Jun 12, 2014 12:02pm
Quoting Dr.Zain
{quote} I m reading you, Elbert and Albchr and found your opinions always up to the mark and very helpful , keep it up
REGARDS
  • #381,536
  • Jun 12, 2014 12:03pm Jun 12, 2014 12:03pm
Quoting DerekTrotter
{quote} Sorry Hombre u think its heading north then u better think again .. lucky are u sure ? Any body who can think they are lucky in this arena should think again - that mentality left alot of broken dreams and accounts all over the world ..
I think it will go up before a final fall, yes. Maybe 6830. It won't fall from here. My target for bears is still below 6730, but I hope I can get a new entry...I would short around 6830 later tonight.
Everyone can see the chart, but only a few can actually read it.
  • #381,537
  • Jun 12, 2014 12:03pm Jun 12, 2014 12:03pm
Quoting Dr.Zain
{quote} I m reading you, Elbert and Albchr and found your opinions always up to the mark and very helpful , keep it up
Hey Doc when u use the Letters DR do you mind me asking what field you are specialist in?
  • #381,538
  • Jun 12, 2014 12:04pm Jun 12, 2014 12:04pm
Quoting elbert3
{image} before lol{image} i hope you were on it .
Missed by 1 pip...6859...lol...greed is killing me.
Everyone can see the chart, but only a few can actually read it.
  • #381,539
  • Jun 12, 2014 12:05pm Jun 12, 2014 12:05pm
Quoting elbert3
{quote} 8002 end of day 5pm lets say
Hi E i short from the day peak and TP was 8002
Regards
  • #381,540
  • Jun 12, 2014 12:06pm Jun 12, 2014 12:06pm
Quoting albchr
{quote} hey jimmy as we were saying...oh...i don't know how long ago, a month or so? I forget. Technically we could hit 6660 and arguably still be in the uptrend on a weekly/monthly tf. Do you still think that too? I see it on my charts but always after your thoughts.
just back chris,, did somebody say 8002 by 5pm lol
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