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Cable Update (GBPUSD)

  • #385,901
  • Jul 8, 2014 4:15am Jul 8, 2014 4:15am
Quoting Standov
{quote} I don't think the BBands would support that, but hell that would be good
I won't disagree in whole with that but like any indies, BB's follow price not the other way around. (I know you know that so just stating the obvious here) Bands can continue to extend with price indefinitely. I run a EA BB system right now I'm testing. It does a very, very good job until an event driven change takes place. Doing it manually of course is another story. I'm purposely not intervening with it as part of the test. She's......hurting right now going..... WTF??....LOL
Ghost Rider - WWTBMD?
  • #385,902
  • Jul 8, 2014 4:15am Jul 8, 2014 4:15am
Morning guys - UK IP number awful

people I've spoken too are unsure how to react, market clearly lower on the shock. But most people think its an anomaly for UK data.

Still quite high to buy the GBP, but on the rates side, a dip like this is quite nice. That may in turn lead to GBP support. But ultimately the link is not that strong.

UK 5Y rates down 5bps as of now... our desk thinks fade, I'm a little less sure. 1.71 is a key level now going into NY

(I've got a thread over here http://www.forexfactory.com/showthre...61#post7588861) any one is welcome to post about anything!

Also, if anyone wants free bank research just msg me, I have a mailing list
Attached Image (click to enlarge)
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  • #385,903
  • Jul 8, 2014 4:16am Jul 8, 2014 4:16am
Quoting giveachance
{quote}
me to ,, you would not say that if you seen my old shorts lol
  • #385,904
  • Jul 8, 2014 4:21am Jul 8, 2014 4:21am
Quoting elbert3
{quote} i dont use it because it does not show you when to get out,,look at this gbcad,, it should show trend on a breakout of emas,so on the gbcad i posted if you trusted the indi and went long on the breakout,,{image} then this happens {image} you see how you get caught if you dont use sl, hope this helps others who have asked me for the indi,,
I am not so fond of indicators in general, they are pretty confusing. I rather trust myself and technical analysis, a bit of ATR here and there but everyone is different. If you can use them well, there is no reason to get rid of them.
Fix up, trade sharp ...
  • #385,905
  • Jul 8, 2014 4:27am Jul 8, 2014 4:27am
Quoting Hickson
{quote} I am not so fond of indicators in general, they are pretty confusing. I rather trust myself and technical analysis, a bit of ATR here and there but everyone is different. If you can use them well, there is no reason to get rid of them.
yes as i said i dont use them but if you look back at my posting that are 1,4,hour and day chart,if,if,you where to use them you would of had some good results,, for an experiment on the gbcad the lat post it showed trend is long even thou it went back,,i have sen it do this,so i have bought 1 lot long sl below the 200,which one would do in general and lets see how it goes,, just out of interest ,regards Billy
Trade confirmation
On 08-Jul-2014 at 09:14:47 (GMT)
You bought 1 GBPCAD @ 1.82677 for value date 10-Jul-2014
Front office position id: 139953127
Account: 5589929
Attached Image (click to enlarge)
Click to Enlarge Name: gbcad2.png Size: 110 KB
  • #385,906
  • Jul 8, 2014 4:29am Jul 8, 2014 4:29am
Once 30m closes scaling another quick long scalp. First entry 974
  • #385,907
  • Jul 8, 2014 4:50am Jul 8, 2014 4:50am
will this pattern be confirmed?

hope not

valid till 1,7082

Venceremos
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The good thing with the future is that it is progressively approaching...
  • #385,908
  • Jul 8, 2014 5:04am Jul 8, 2014 5:04am
Quoting albchr
{quote} I won't disagree in whole with that but like any indies, BB's follow price not the other way around. (I know you know that so just stating the obvious here) Bands can continue to extend with price indefinitely. I run a EA BB system right now I'm testing. It does a very, very good job until an event driven change takes place. Doing it manually of course is another story. I'm purposely not intervening with it as part of the test. She's......hurting right now going..... WTF??....LOL
I do know this, but there is still the mathematical expansion over multiple time frames. Can't have a large drop over the h4 without BB slowing down/adjusting on the m5. This last drop made the BB widen quite a lot on 5m, but that doesn't last. The h4 took a break, and is waiting for space under the h1.
Second star to the right, and straight on 'til morning
  • #385,909
  • Jul 8, 2014 5:05am Jul 8, 2014 5:05am
Quoting spinozagr
will this pattern be confirmed? hope not valid till 1,7082 Venceremos {image}
Testing SR now. We're within a pip bro.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm30.png Size: 71 KB
Ghost Rider - WWTBMD?
  • #385,910
  • Jul 8, 2014 5:08am Jul 8, 2014 5:08am
Quoting JimmyC
{quote} Debating adding {image}
Bellow 1.714

Resistance starts @ 1.712 now...

1.7 target still valid 1.6916 is support -> holding short

Attached Image


Trade safe

PS.... that could be a bear flag on m5... could be not, couldn't rightly say...
  • #385,911
  • Jul 8, 2014 5:18am Jul 8, 2014 5:18am
Quoting Standov
{quote} I do know this, but there is still the mathematical expansion over multiple time frames. Can't have a large drop over the h4 without BB slowing down/adjusting on the m5. This last drop made the BB widen quite a lot on 5m, but that doesn't last. The h4 took a break, and is waiting for space under the h1.
I agree with you in theory. This was roughly a 60 pip drop on the 4H. Just two examples of many here. What would the BB bands have done on these two? One a 154 and the other 175. They would have kept expanding downward...no? And if they were 200 or 250 pip drops which we also have many of? They would kept expanding. That's all I meant by "indefinitely".

I'm not a big indie guy and never have been so I'm sure you know much more about them than I. But saying "can't have a large drop without BB slowing down to adjust on the 5M"?? I honestly don't know so I'll take your word on it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 56 KB
Ghost Rider - WWTBMD?
  • #385,912
  • Jul 8, 2014 5:23am Jul 8, 2014 5:23am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 109 KB
staying on the subject of indicators the arrow has changed places on this posted before and the chart now same time frame
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  • #385,913
  • Jul 8, 2014 5:36am Jul 8, 2014 5:36am
Quoting albchr
{quote} I agree with you in theory. This was roughly a 60 pip drop on the 4H. Just two examples of many here. What would the BB bands have done on these two? One a 154 and the other 175. They would have kept expanding downward...no? And if they were 200 or 250 pip drops which we also have many of? They would kept expanding. That's all I meant by "indefinitely". I'm not a big indie guy and never have been so I'm sure you know much more about them than I. But saying "can't have a large drop without BB slowing down to adjust on the 5M"?? I honestly...
no problem albchr. Monty Python said it best
Inserted Video
Second star to the right, and straight on 'til morning
  • #385,914
  • Jul 8, 2014 5:41am Jul 8, 2014 5:41am
Quoting Standov
{quote} no problem albchr. Monty Python said it best https://www.youtube.com/watch?v=LQqq3e03EBQ&feature=kp
LOL.... I love them almost as much as you do apparently. The Holy Grail still tears me up!
Ghost Rider - WWTBMD?
  • #385,915
  • Jul 8, 2014 5:42am Jul 8, 2014 5:42am
Quoting cspip
We may see lows of 1.7122 today.........with some action around 1.7147..... If 1.7122 doesn't hold then could go for 1.7091 To the upside........could touch 1.7181
Quoting cspip
{quote} 1.7085 even...
  • #385,916
  • Jul 8, 2014 5:46am Jul 8, 2014 5:46am
where is going that bitch? it raised 30 pips for yet, maybe we will end higher like the drop started
  • #385,917
  • Jul 8, 2014 5:48am Jul 8, 2014 5:48am
I told you all don't gete excited. it will range in between 1.7080-1.7130 till BOE
  • #385,918
  • Jul 8, 2014 5:48am Jul 8, 2014 5:48am
Quoting RomanBubenik
where is going that bitch? it raised 30 pips for yet, maybe we will end higher like the drop started

God know. I was in long from 1.7092 but quickly dropped my trade around 1.7100.Sadly.If I hold it I covered my loss what I suffered on the bad news.
  • #385,919
  • Jul 8, 2014 5:49am Jul 8, 2014 5:49am
Trade confirmation
On 08-Jul-2014 at 09:11:45 (GMT)
You sold 5 GBPUSD @ 1.71122 for value date 10-Jul-2014
Front office position id: 139945612
Account: 5589929

lets see if it holds
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 104 KB
  • #385,920
  • Jul 8, 2014 6:01am Jul 8, 2014 6:01am
Sell high or buy deep? Good question.
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