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Cable Update (GBPUSD)

  • #383,741
  • Jun 25, 2014 11:52am Jun 25, 2014 11:52am
Ok I see ,cool thanks for sharing


Quoting navk
{quote} Red candles are MACD candles.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,742
  • Jun 25, 2014 11:52am Jun 25, 2014 11:52am
See the bearish Divergence in 4 hr chart Cable
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 41 KB
Intraday only.
  • #383,743
  • Jun 25, 2014 11:54am Jun 25, 2014 11:54am
Quoting Bones
Ok I see ,cool thanks for sharing {quote}
So you trade weekly chart? How you trade?
Intraday only.
  • #383,744
  • Jun 25, 2014 11:59am Jun 25, 2014 11:59am
I trade H4 just recently more time so I have a go on hourly
but my ideas come from all the higher tfs
I just have a go a reading price ,s+r ,that type stuff

If this goes negative could go some ,

http://www.forexfactory.com/showthre...28#post7552628




Quoting navk
{quote} So you trade weekly chart? How you trade?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD monthly 25 (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,745
  • Jun 25, 2014 12:13pm Jun 25, 2014 12:13pm
Quoting navk
{quote} I do not trade this pair as it has high spread. But my trading system shows nice chart for short from 1.9560 since yesterday.
what broker do you use, i know most broker's have high spreads like 5 pips or more i trade with tradestation my average spread is 3 pips http://www.tradestation.com/pricing/...trader-pricing
  • #383,746
  • Jun 25, 2014 12:26pm Jun 25, 2014 12:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 104 KB
consolidating now soon ready to move i think
  • #383,747
  • Jun 25, 2014 12:32pm Jun 25, 2014 12:32pm
Move down?
  • #383,748
  • Jun 25, 2014 12:32pm Jun 25, 2014 12:32pm
Quoting PoundTrader
{quote}what broker do you use, i know most broker's have high spreads like 5 pips or more i trade with tradestation my average spread is 3 pips http://www.tradestation.com/pricing/...trader-pricing
I use Meta4 only and experienced since beginning.

But likely to change to another broker with ECN.
Intraday only.
  • #383,749
  • Jun 25, 2014 12:34pm Jun 25, 2014 12:34pm
Quoting navk
{quote} I use Meta4 only and experienced since beginning. But likely to change to another broker with ECN.
  • #383,750
  • Jun 25, 2014 12:38pm Jun 25, 2014 12:38pm
Another view of cable 4 hr chart using Ichi.

TK/KS crossed in 4 hr though it is weak cross and above kumo.

Chikou span crossed price bars.. Kumo is changing to sell kumo. The PA says 6910 at least or below. The buy kumo is a big and hard to break. Botom of the kumo says 6910.

Karney will decide and tell us tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 66 KB
Intraday only.
  • #383,751
  • Jun 25, 2014 12:41pm Jun 25, 2014 12:41pm
Currently the resistance lies at 1.700 KS line.
Another confirmation to me : Chikou span crossed the price bars + TK + KS
Intraday only.
  • #383,752
  • Jun 25, 2014 12:42pm Jun 25, 2014 12:42pm
I really do not know what is wrong with this pair, i still wonder when it will stop making new highs
The fragrance remains in the hands of those that gves the rose
  • #383,753
  • Jun 25, 2014 12:49pm Jun 25, 2014 12:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 111 KB
looks like were staying in this channel down little indi tells us we have cleared the emas
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 109 KB
bigger picture
  • #383,754
  • Jun 25, 2014 12:52pm Jun 25, 2014 12:52pm
Quoting elbert3
{image} looks like were staying in this channel down little indi tells us we have cleared the emas {image} bigger picture

Possibly the price will retrace a bit and we need to check today's close price to confirm the close is below daily pivot.
Intraday only.
  • #383,755
  • Jun 25, 2014 12:53pm Jun 25, 2014 12:53pm
Quoting okosodo
I really do not know what is wrong with this pair, i still wonder when it will stop making new highs
It is managed by Carney shrewd master former Goldman Sachs employee.When it dips he opens his mouth drops "Interest" word and it spikes 150pips
then he gets overwhelmed by reaction and downplays on his comments.
Fundamentally Very high Sterling and low Euro are in conflict.This scenario does not work well in the EZ
Mario already is committed keeping Euro low hence only loser from greater picture is UK.
If you have same pruduct produced by country
England $48
EZ $32
US $20
Then its obvious export market will suffer.One can argue UK economy is more service related but exports do matter.In a nut shell as long as Euro is floating in 35-36 area pound will come down to parity.
In trading, you have to be defensive and aggressive at the same time
  • #383,756
  • Jun 25, 2014 12:55pm Jun 25, 2014 12:55pm
Quoting navk
{quote} Possibly the price will retrace a bit and we need to check today's close price to confirm the close is below daily pivot.
i hope it will break away Navk, to 50 then 60 then 32 ,, i think now
  • #383,757
  • Jun 25, 2014 12:58pm Jun 25, 2014 12:58pm
Quoting Davit
{quote} It is managed by Carney shrewd master former Goldman Sachs employee.When it dips he opens his mouth drops "Interest" word and it spikes 150pips then he gets overwhelmed by reaction and downplays on his comments. Fundamentally Very high Sterling and low Euro are in conflict.This scenario does not work well in the EZ Mario already is committed keeping Euro low hence only loser from greater picture is UK. If you have same pruduct produced by country England $48 EZ $32 US $20 Then its obvious export market will suffer.One can argue UK economy...
Hi Davit, i have been saying this for months as far back as 6700, 1.6400 is about the price should be it would be nice to sit on shorts till then,, regards E
  • #383,758
  • Jun 25, 2014 12:59pm Jun 25, 2014 12:59pm
Check the support / Resistance zones
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 45 KB
Intraday only.
  • #383,759
  • Jun 25, 2014 1:02pm Jun 25, 2014 1:02pm
Quoting PoundTrader
{quote}
Why not use XEMARKETS? 2 point spread on GBP/USD not bad and can also plunge with high leverage at times, although that is usually a sucker game meant to take your money

My favorite will always be Interactive brokers when it comes to spreads.
  • #383,760
  • Jun 25, 2014 1:06pm Jun 25, 2014 1:06pm
Quoting elbert3
{quote} Hi Davit, i have been saying this for months as far back as 6700, 1.6400 is about the price should be it would be nice to sit on shorts till then,, regards E
Hi Billy
We are 8-12months away from possible IR hike and lot can happen during this period.
As long as Euro is 35-36 zone I am holding to my shorts.
regards
In trading, you have to be defensive and aggressive at the same time
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