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Cable Update (GBPUSD)

  • #382,061
  • Jun 16, 2014 10:08am Jun 16, 2014 10:08am
Quoting albchr
{quote} Ummmm...it went up? ... ... lol .... 7000 still being defended as of yet. Not sure but you know how good USD numbers always helps the dollar so much. Now the TIC Long-Term Purchases were rather ugly. If I knew what that meant it might help some. But apparently it outweighs all the other crap? Face it my man. We are shorting a bull market pure and simple. I know this and have known this for a very long time with every short I place. It's a risky game. It's why my shorts are small and on a tight leash unless PA...
ok well we try again, we both know going against the trend is hard, but thats why the last trade i sl as soon as it pays the commission, and if we do get it right at the right time we will be in at the top ,, just pay the commision then everything after is a bonus
  • #382,062
  • Jun 16, 2014 10:27am Jun 16, 2014 10:27am
Quoting elbert3
{quote} ok well we try again, we both know going against the trend is hard, but thats why the last trade i sl as soon as it pays the commission, and if we do get it right at the right time we will be in at the top ,, just pay the commision then everything after is a bonus
That's the way we play game bro. Lord knows I'm not buying here under 7000 so what's left? A couple more shorts at even better price than I had before.

I could have covered those other 2 but so close to entry it wouldn't have made much difference. A few pips here, a few pips there. I put them in the R&D expense category...lol

When the week really gets moving, I'll make them back in spades, with interest on this and other pairs.
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Ghost Rider - WWTBMD?
  • #382,063
  • Jun 16, 2014 10:36am Jun 16, 2014 10:36am
can anyone tell me if I want to long something, between euro and cable, which one should I long right now?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,064
  • Jun 16, 2014 10:37am Jun 16, 2014 10:37am
Quoting ffleo
can anyone tell me if I want to long something, between euro and cable, which one should I long right now?
On the other hand, if I want to short something, which one should I short?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,065
  • Jun 16, 2014 10:40am Jun 16, 2014 10:40am
Quoting ffleo
{quote} On the other hand, if I want to short something, which one should I short?
is this my imagination or what?

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,066
  • Jun 16, 2014 10:41am Jun 16, 2014 10:41am
Quoting ffleo
can anyone tell me if I want to long something, between euro and cable, which one should I long right now?
If someone put a gun to my head and said choose? I'd have to go with EU atm. Only because there's no way I'm buying GU right under 7000 without a clear break. The way EU is looking right now, it could see 38ish I think.
Ghost Rider - WWTBMD?
  • #382,067
  • Jun 16, 2014 10:42am Jun 16, 2014 10:42am
Quoting ffleo
can anyone tell me if I want to long something, between euro and cable, which one should I long right now?
Probably higher hit rate to long EU and to short GU..

Regards
  • #382,068
  • Jun 16, 2014 10:43am Jun 16, 2014 10:43am
Quoting TauTrader
{quote} Probably higher hit rate to long EU and to short GU.. Regards
Thanks Tau and Chris, that is exactly what I did. Thank you guys for giving me confidence.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,069
  • Jun 16, 2014 10:46am Jun 16, 2014 10:46am
Quoting TauTrader
{quote} Probably higher hit rate to long EU and to short GU.. Regards
Nice to see you make it back. Nice job. I know you will make it back.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,070
  • Jun 16, 2014 10:49am Jun 16, 2014 10:49am
The way euro is making a little high: cramp up a little, wait a little for cable to retrace cable's up move due to euro's up move, then euro cramp up again. euro wants to go up but does not want cable to follow. This is likely how the big guys play the game.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,071
  • Edited 11:59am Jun 16, 2014 11:15am | Edited 11:59am
Quoting ffleo
can anyone tell me if I want to long something, between euro and cable, which one should I long right now?
Quoting ffleo
{quote} Thanks Tau and Chris, that is exactly what I did. Thank you guys for giving me confidence.
Every time you find yourself feeling the need to seek external validation

for your trading decision, is high-probability signal that it's best to sit

on the sidelines until such time you regain enough perspective to make

a decision with confidence again on your own.
Hear the music before the song is over ...
  • #382,072
  • Jun 16, 2014 11:15am Jun 16, 2014 11:15am
Chinese Premier is visiting UK, I guess cable will fall when he's gone.
  • #382,073
  • Jun 16, 2014 11:27am Jun 16, 2014 11:27am
Quoting JimmyC
GU M5 1.697 must break to allow bearish PA to continue, for now gap area acting as support {image}
Just bouncing between S/R levels

GU M5

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  • #382,074
  • Jun 16, 2014 11:27am Jun 16, 2014 11:27am
Quoting GlobalMacro
{quote} {quote} Every time you find yourself feeling the need to seek external validation for your trading decision, is high-probablity signal that it's best to sit on the sidelines until such time you regain enough perspective to make a decision with confidence again on your own.
good advice. but you do not know North America culture is full of humors.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #382,075
  • Jun 16, 2014 11:36am Jun 16, 2014 11:36am
GU Daily

Start of the week and before end of play we seem to be forming a long legged doji...

1.705 still not hit but 1.7 tagged in the morning
Wedgish thing agrees with 1.705 PA doesn't yet

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EG Daily. this is a supporting candle, now it needs confirmation... GBP news tomorrow? perhaps?

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  • #382,076
  • Edited 2:05pm Jun 16, 2014 12:43pm | Edited 2:05pm
6981 short lets see if i can get more than the last 6 pips ..??? short 13567 eur
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again price broke the 10 back to confirm and see if we break 6974 then pp for another free trade
  • #382,077
  • Jun 16, 2014 1:30pm Jun 16, 2014 1:30pm
Quoting elbert3
6981 short lets see if i can get more than the last 6 pips ..??? short 13567 eur{image}{image} again price broke the 10 back to confirm and see if we break 6874 then pp for another free trade

Billy, text tags on your charts make me think of this here.....

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Hear the music before the song is over ...
  • #382,078
  • Jun 16, 2014 1:30pm Jun 16, 2014 1:30pm
Quoting justin7
that was basically a near 4000 pip shot down in a minute...most i've ever seen
Quoting deltaone
{quote} ?????
Quoting ZebraSquirl
{quote} I also saw that and was wondering if it was some kind of system anomaly, since it was also shown in the USD/CAD chart. I trade through FXCM and have shorts that should have executed were that to have been actual price movement. Now, the charts don't show the spike ... . Mmmm.
Hi Everyone,

I apologize for this. It was a bad tick (an erroneous price) that came through on our feed during the opening of trading yesterday. If any of your trades were negatively impacted, please file a trade inquiry using the following information: http://support.fxcm.com/status/
  • #382,079
  • Jun 16, 2014 1:50pm Jun 16, 2014 1:50pm
A nearly 4000 pip bad tick? How do you get an erroneous price? (No need to answer that rhetorical question Jason ). It's just that, WOW! Now I really am starting to feel like I'm in The Matrix .... lol
Ghost Rider - WWTBMD?
  • #382,080
  • Jun 16, 2014 1:57pm Jun 16, 2014 1:57pm
What if your trades were positively impacted....no need to file anything, everything will be automatically taken care of ?
Hear the music before the song is over ...
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