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Cable Update (GBPUSD)

  • #386,181
  • Jul 9, 2014 12:59pm Jul 9, 2014 12:59pm
Quoting elbert3
Trade confirmation On 09-Jul-2014 at 17:47:35 (GMT) You sold 10 GBPUSD @ 1.71210 for value date 11-Jul-2014 Front office position id: 139990883 Account: 5589929 NO PAIN NO GAIN. SL 25 ON ALL 3 TRADES
Pretty aggressive, good luck
  • #386,182
  • Jul 9, 2014 1:06pm Jul 9, 2014 1:06pm
Quoting elbert3
Trade confirmation On 09-Jul-2014 at 17:47:35 (GMT) You sold 10 GBPUSD @ 1.71210 for value date 11-Jul-2014 Front office position id: 139990883 Account: 5589929 NO PAIN NO GAIN. SL 25 ON ALL 3 TRADES
Ghost Rider - WWTBMD?
  • #386,183
  • Jul 9, 2014 1:08pm Jul 9, 2014 1:08pm
Quoting elbert3
Trade confirmation On 09-Jul-2014 at 17:47:35 (GMT) You sold 10 GBPUSD @ 1.71210 for value date 11-Jul-2014 Front office position id: 139990883 Account: 5589929 NO PAIN NO GAIN. SL 25 ON ALL 3 TRADES
looks like no hammer :-)
  • #386,184
  • Jul 9, 2014 1:13pm Jul 9, 2014 1:13pm
My feeling is that the FOMC paves the way for cable to drop further, probably not tonight though, and maybe it will fake up a bit.

FOMC mentioned "Many participants want to end portfolio reinvestments at or after first rate rise", that's something new and potentially dollar bullish, so now in addition to QE, they are actually talking about shrink the balance sheet. Maybe wait for Hilsenrath to give us a bit more clue, before making any long term conclusion on this one.

Sadly I closed my short just before the announcement(though this is right thing to do for me)

Will look for new shorts later.
  • #386,185
  • Jul 9, 2014 1:27pm Jul 9, 2014 1:27pm
Quoting cspip
1.7119 or 1.7110 could be a chance to go for another long
  • #386,186
  • Jul 9, 2014 1:28pm Jul 9, 2014 1:28pm
Sweet don't u all just love days like this ..
  • #386,187
  • Jul 9, 2014 1:29pm Jul 9, 2014 1:29pm
Quoting albchr
{quote} :d
pain ,the lord givith and takith
  • #386,188
  • Jul 9, 2014 1:35pm Jul 9, 2014 1:35pm
where are you looking for short? i added at 1,7158
  • #386,189
  • Jul 9, 2014 1:37pm Jul 9, 2014 1:37pm
Quoting RomanBubenik
where are you looking for short? i added at 1,7158
Looking at a triple top around 1.718.

  • #386,190
  • Jul 9, 2014 1:38pm Jul 9, 2014 1:38pm
You sold 10 GBPUSD @ 1.71210 for value date 11-Jul-2014 -4 200
You sold 10 GBPUSD @ 1.71111 for value date 11-Jul-2014 -14 700
You sold 5 GBPUSD @ 1.71414 for value date 11-Jul-2014 PLUS 16 400 TOTAL LOSS 500 THANK GOD FOR SL
  • #386,191
  • Jul 9, 2014 1:39pm Jul 9, 2014 1:39pm
oh and http://www.forexfactory.com/showthre...53#post7593453


lets see if it holds......
  • #386,192
  • Jul 9, 2014 1:41pm Jul 9, 2014 1:41pm
where are all the shorters? looks like a long trend up to 173
  • #386,193
  • Jul 9, 2014 1:43pm Jul 9, 2014 1:43pm
Quoting cspip
{quote} Both sides done, just other way around!...........also 1.7135 was touched.... Could rise back to 1.7136 today........with tomorrow around 1.7156....... If it drops tomorrow then might spike upto 1.7176 ish before dropping to 1.7043...................if not then around 1.7230 to the north

Early than expected........but lets see it bounce around here for now........
  • #386,194
  • Jul 9, 2014 1:48pm Jul 9, 2014 1:48pm
Quoting elbert3
You sold 10 GBPUSD @ 1.71210 for value date 11-Jul-2014 -4 200 You sold 10 GBPUSD @ 1.71111 for value date 11-Jul-2014 -14 700 You sold 5 GBPUSD @ 1.71414 for value date 11-Jul-2014 PLUS 16 400 TOTAL LOSS 500 THANK GOD FOR SL
I too shorted around 7136-7152.

I shall wait it just pops up I guess.

The same effect can be seen after Europe opens too.

I am not going to add any more shorts until I see reversal in my system.
Intraday only.
  • #386,195
  • Jul 9, 2014 1:48pm Jul 9, 2014 1:48pm
Quoting kweiss10
where are all the shorters? looks like a long trend up to 173
Kinda looks to me like it wants to get there this month
Come with me if you want to live....
  • #386,196
  • Jul 9, 2014 1:54pm Jul 9, 2014 1:54pm
Quoting navk
{quote} I too shorted around 7136-7152. I shall wait it just pops up I guess. The same effect can be seen after Europe opens too. I am not going to add any more shorts until I see reversal in my system.
I too shorted, im in at 1.71549 set my s/l at 1.7170 and dialing in my take profit on way down we will see though this thing could keep shooting back up :S
  • #386,197
  • Jul 9, 2014 1:55pm Jul 9, 2014 1:55pm
Quoting navk
{quote} I too shorted around 7136-7152. I shall wait it just pops up I guess. The same effect can be seen after Europe opens too. I am not going to add any more shorts until I see reversal in my system.
soooo glad i took the load of this morning still in profit i think i will have to look at the figures 4 hour is still short for now,,only just 160 -166 is the area to take it long i would say ,,1 more move up to the 66 area i am shorting that as a scalp,if the emas dont cross on the 4 hour we need to do it in this candle window i would say
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 100 KB
  • #386,198
  • Jul 9, 2014 1:59pm Jul 9, 2014 1:59pm
Quoting elbert3
{quote} soooo glad i took the load of this morning still in profit i think i will have to look at the figures 4 hour is still short for now,,only just 160 -166 is the area to take it long i would say ,,1 more move up to the 66 area i am shorting that as a scalp,if the emas dont cross on the 4 hour we need to do it in this candle window i would say {image}
Sweet E .. so we both got the up then .. always good to be in synch .. see u in a few days .. work to be done.. and bag those pips Hombre not that u need em .. till next week
  • #386,199
  • Jul 9, 2014 2:03pm Jul 9, 2014 2:03pm
Quoting GlobalMacro
Yesterday closed as a hammer !!! {image}
Quoting hussin naiji
{quote}hi G this candle is a long legged doji . we know that this is a bearish reversal pattern with high reliability . in fact this is a confirmation for bearish hanging man (past days). attention: a bullish Hammer is a bullish reversal pattern with low reliability and Location of a hammer on the bottom no top. Hussin best regards
The highs of both previous LHs broken now....

Don't know about you guys but looks pretty good to me

y/d's hammer is being confirmed by yet another and stronger hammer.
Attached Image (click to enlarge)
Click to Enlarge Name: 1DailyCable.png Size: 9 KB
Hear the music before the song is over ...
  • #386,200
  • Jul 9, 2014 2:06pm Jul 9, 2014 2:06pm
The big boys run the stops and trapped the traders on both ends
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