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Cable Update (GBPUSD)

  • #383,501
  • Jun 24, 2014 9:48am Jun 24, 2014 9:48am
In case 1.6960 broken, sadly next target will be 1.6920 so i will hedge my trade
  • #383,502
  • Jun 24, 2014 9:57am Jun 24, 2014 9:57am
Quoting kweiss10
{quote} noob here but can you explain the chart a bit. looks interessting
Good day, Sir

Nothing much to explain.. Indicators are not really fancied by most, as they are seen as "lagging". This is true in many ways. It has however been a pet project for me to find a "reasonably" successful "predictive" indicator set to assist. This is difficult. Getting consistent always proves a problem.

Trading is difficult. for me at least.. I have to step back and look at the charts in general. Horizontal levels work, and they do not. Draw random lines anywhere you want, and you will see..same with everything else. I'm not convinced. I may get crucified for this..

The indicator works on digital filters and gives possible extended areas. Both sides.. it does change. As with 90% of all indicators conceived, averages plays a roll. So - probability only. I'm too poor a trader to go naked charts.

Hope this assists.

Regards
  • #383,503
  • Jun 24, 2014 10:01am Jun 24, 2014 10:01am
Quoting albchr
{quote} And I thought I was greedy. .. one step at a time. {quote} I see several steps along the way. I think the toughest will be 6967ish. If it clears that I believe the door to 693x could be open. One thing I know for 100% sure. Mr. Market WILL tell us in time. {image}
Ghost Rider - WWTBMD?
  • #383,504
  • Jun 24, 2014 10:03am Jun 24, 2014 10:03am
Quoting Bones
the $ is BULLISH ,trust me im a doctor pull back complete ,monthly last month bullish {image}
... Shouldn't you be in sickbay Bones?
Ghost Rider - WWTBMD?
  • #383,505
  • Jun 24, 2014 10:07am Jun 24, 2014 10:07am
1.6968 is strong support but will wait if could go to 1.6932 area
GELORE
  • #383,506
  • Jun 24, 2014 10:09am Jun 24, 2014 10:09am
yes I should !

Quoting albchr
{quote} ... Shouldn't you be in sickbay Bones?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,507
  • Jun 24, 2014 10:13am Jun 24, 2014 10:13am
Quoting musani
1.6968 is strong support but will wait if could go to 1.6932 area
Not today. May be in the next two sessions.

I would exit now and Re enter in Asia.
Intraday only.
  • #383,508
  • Jun 24, 2014 10:14am Jun 24, 2014 10:14am
Quoting Bones
yes I should ! {quote}
I'm sure Nurse Gerard will be happy to see you.
Ghost Rider - WWTBMD?
  • #383,509
  • Jun 24, 2014 10:18am Jun 24, 2014 10:18am
Well ,opinions are worthless without reason ,if it goes up I'm sure your say I told you ,I hope it does cause Im waiting to short ,

Quoting sandy-pip
{quote} Like I said, I think it will go up soon, just not yet, that's my opinion, we'll see what happens...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,510
  • Jun 24, 2014 10:23am Jun 24, 2014 10:23am
I closed one short position on GU [ in my explorer ] and I have another one running till 6930/20 , then I will built up position for 1.71 as 1st TP . nice setups on GU lately .
Get Rich or Die Tryin
  • #383,511
  • Jun 24, 2014 10:32am Jun 24, 2014 10:32am
In theory, we are doing the U or V thing here...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 69 KB
  • #383,512
  • Jun 24, 2014 10:32am Jun 24, 2014 10:32am
hi everybody, first attempt: according my view it "must" go down to 950, otherwise i have to revise my "system".
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd forex fact..png Size: 193 KB
  • #383,513
  • Jun 24, 2014 10:43am Jun 24, 2014 10:43am
i am totally agreed next target 1.9650 then 1.6920
  • #383,514
  • Jun 24, 2014 10:50am Jun 24, 2014 10:50am
Quoting Bones
the $ is BULLISH ,trust me im a doctor pull back complete ,monthly last month bullish {image}
Bones? Doctor? You are a Star Trek fan, aren't you?
  • #383,515
  • Jun 24, 2014 10:52am Jun 24, 2014 10:52am
I like sci fi but no just was very skinny kid thats all nickname,not a doctor no ,actually now full time trader

Quoting Darkforce
{quote} Bones? Doctor? You are a Star Trek fan, aren't you?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,516
  • Jun 24, 2014 10:56am Jun 24, 2014 10:56am
http://upload.wikimedia.org/wikipedi...13_%283%29.jpg

Mark Carny is playing not saying realistic that UK economic improving more than anticipated, but doesn't want to the cable further strength.
  • #383,517
  • Jun 24, 2014 11:00am Jun 24, 2014 11:00am
if 1.6960 broken then 1.6925. After that mark carney will say we will raise interest next week. then after his wife carry trade and set sell order he will say we still need easy policy.
  • #383,518
  • Jun 24, 2014 11:08am Jun 24, 2014 11:08am
Quoting PoundTrader
im short again at 1.7019, t/p 1.6778, s/l will be open do to system rules, hopefully this will break this week
im gonna cut have this position at 1.6970
  • #383,519
  • Jun 24, 2014 11:09am Jun 24, 2014 11:09am
now going to kiss 1.6960
  • #383,520
  • Jun 24, 2014 11:11am Jun 24, 2014 11:11am
tf 1hr

it appears a bullish pattern at 88,6 fibo...

change of direction? Lets see

not taking any position need more confirmation

Venceremos
The good thing with the future is that it is progressively approaching...
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