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Cable Update (GBPUSD)

  • #387,661
  • Jul 16, 2014 4:11pm Jul 16, 2014 4:11pm
Quoting elbert3
{quote} yes go on shorts mm is full now on the 15 min looks like it has had enough 4 hits at 37 see what you think ??{image}
scrap that idea it gapped on my chart then
  • #387,662
  • Jul 16, 2014 4:13pm Jul 16, 2014 4:13pm
Quoting elbert3
{quote} {image} that looks like a good entry 1,5364 at least ,, in with you nice top on that 4 hour ,,gl Trade confirmation On 16-Jul-2014 at 22:50:27 (GMT) You sold 2 GBPCHF @ 1.53904 for value date 21-Jul-2014 Front office position id: 140110505 Account: 5589929
If I wouldn't had so many NU shorts I would of built nice position on this but funds are tight down on NU.Can't wait to get out of that stubborn pair.
In trading, you have to be defensive and aggressive at the same time
  • #387,663
  • Jul 16, 2014 4:22pm Jul 16, 2014 4:22pm
Quoting Davit
{quote} If I wouldn't had so many NU shorts I would of built nice position on this but funds are tight down on NU.Can't wait to get out of that stubborn pair.
i cant wait to get this gbus going down,, i have my shorts to sell than Marks ans Spencer lol..gbchf looks to be a nice candle pattern where do you see it going ?? gl Regards Billy
  • #387,664
  • Jul 16, 2014 4:40pm Jul 16, 2014 4:40pm
Quoting elbert3
{quote} i cant wait to get this gbus going down,, i have my shorts to sell than Marks ans Spencer lol..gbchf looks to be a nice candle pattern where do you see it going ?? gl Regards Billy
Looking about 80pips south
Based on my system we must respect the trend.Trend is up and I will take profit once it hits on my wave
50% RSI W% is good place.If the wave holds might exit and go long.
On daily chart there is nice channel 2Oclock bottom is 5250 so might be good idea to see if it will go lower
Beauty of my system is 50% RSI W% is in sink with lower touches on Wave so as long as Wave is not penetrated and 50% is not violated one can confidently take the trade on every wave touch going long and exiting on upper channel.This is pretty clear on daily chart lower jpg
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpchf.daily.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #387,665
  • Jul 16, 2014 4:49pm Jul 16, 2014 4:49pm
She is going to fall soon and fall very hard, longs who got in this late I would be very careful.
  • #387,666
  • Jul 16, 2014 4:54pm Jul 16, 2014 4:54pm
Quoting Davit
{quote} I actually don't care that you post Euro charts in Cable thread when there is very popular Euro thread...don't mind but baffled.
Also a bit baffled ... . Muddles up my muddled brain ... I can't see GBP/USD retreating all the way to 1.35 in the near future, so when I look at that, I think you're crazy ... . But then I look again and it's referring to EU ... , and then it's not so crazy. Crazy. Not crazy. Crazy. Not crazy. See what I mean ... . Crazy ... Lol.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #387,667
  • Jul 16, 2014 5:17pm Jul 16, 2014 5:17pm
Quoting Davit
{quote} Looking about 80pips south Based on my system we must respect the trend.Trend is up and I will take profit once it hits on my wave 50% RSI W% is good place.If the wave holds might exit and go long. On daily chart there is nice channel 2Oclock bottom is 5250 so might be good idea to see if it will go lower Beauty of my system is 50% RSI W% is in sink with lower touches on Wave so as long as Wave is not penetrated and 50% is not violated one can confidently take the trade on every wave touch going long and exiting on upper channel.This is...
looks good very colourfull, the way i do it is on the 4 hour price has to get back in touch with the emas so 1.5364 is where the 10 ema sits but remember ti comes up to meet the price also so its scalp trade 20 pis min,,that fits,,and pp when possible to see how far you can go
  • #387,668
  • Jul 16, 2014 5:34pm Jul 16, 2014 5:34pm
Oh damn, I missed that 300pips rally GBP/NZD, shocks :/
  • #387,669
  • Jul 16, 2014 5:35pm Jul 16, 2014 5:35pm
Quoting elbert3
{quote} looks good very colourfull, the way i do it is on the 4 hour price has to get back in touch with the emas so 1.5364 is where the 10 ema sits but remember ti comes up to meet the price also so its scalp trade 20 pis min,,that fits,,and pp when possible to see how far you can go
If it works Billy its fine. I like 34EMA bases of Raghee Horner system and Sonic and Vegas. Its a Fib number and price magically works well with it.
In trading, you have to be defensive and aggressive at the same time
  • #387,670
  • Jul 16, 2014 5:43pm Jul 16, 2014 5:43pm
Quoting Davit
{quote} If it works Billy its fine. I like 34EMA bases of Raghee Horner system and Sonic and Vegas. Its a Fib number and price magically works well with it.
i will try that 34 see how it works good night
  • #387,671
  • Jul 16, 2014 6:14pm Jul 16, 2014 6:14pm
Quoting elbert3
{quote} {image} that looks like a good entry 1,5364 at least ,, in with you nice top on that 4 hour ,,gl Trade confirmation On 16-Jul-2014 at 22:50:27 (GMT) You sold 2 GBPCHF @ 1.53904 for value date 21-Jul-2014 Front office position id: 140110505 Account: 5589929
Hi Billy and Davit,

Billy, you still here? Can you even see the screen? Looks good.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchfh4716.jpg Size: 155 KB
Click to Enlarge Name: gbpchfweekly716.jpg Size: 166 KB
Click to Enlarge Name: gbpchfmonthly716.jpg Size: 127 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #387,672
  • Jul 16, 2014 6:30pm Jul 16, 2014 6:30pm
Quoting Mr. Scott
{quote} Hi Billy and Davit, Billy, you still here? Can you even see the screen? Looks good. {image} {image} {image}
Thanks for the charts Scott
Looks like you have AB=CD which is my and Billies entries and larger pattern going much higher.
Well soon I'll BE and let this baby go as it pleases as free trade
Regards
In trading, you have to be defensive and aggressive at the same time
  • #387,673
  • Jul 16, 2014 6:31pm Jul 16, 2014 6:31pm
Quoting champoooy
Oh damn, I missed that 300pips rally GBP/NZD, shocks :/
Gidday Champ

Yeah caught that one

Looking at we short to 1.94 maybe lower

Lets see what NZ upto
  • #387,674
  • Jul 16, 2014 6:47pm Jul 16, 2014 6:47pm
Quoting Davit
{quote} Thanks for the charts Scott Looks like you have AB=CD which is my and Billies entries and larger pattern going much higher. Well soon I'll BE and let this baby go as it pleases as free trade Regards
Looks like two completing in same area. But I really like that higher target, just too pretty on monthly.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #387,675
  • Jul 16, 2014 7:14pm Jul 16, 2014 7:14pm
Quoting OnlineAddict
Long 7129
Out at 7142, this is too boring to watch, I don't like the PA. Not entering short here, though.
Everyone can see the chart, but only a few can actually read it.
  • #387,676
  • Jul 16, 2014 8:45pm Jul 16, 2014 8:45pm
Quoting HDA
Dear Forex Factory Members and Guests Yesterday I posted the 10am Eastern options expiry for today, Wednesday, July 16, 2014. I posted the current market price at the time I made the post - please see below in red. GBP/USD Options Expiry for Wednesday, July 16, 2014 1.7155 - pay out US$200 million 1.7152 - Current Market Price at 12:05pm easterm 1.7100/05 pay out US$388 million 1.7075 pay out US$201 million 1.7050 pay out US$200 million 1.7025 pay out US$152 million 1.6925 pay out US$130 million Lets look at what happened today. Since 12:05pm eastern...
where are you getting the option figures?? I get some off talking forex but not near as many as you, and agree option prices are another indicator of indicating price movement, they are always near my buy or sell areas
  • #387,677
  • Jul 16, 2014 9:04pm Jul 16, 2014 9:04pm
Quoting RussJ
{quote} where are you getting the option figures?? I get some off talking forex but not near as many as you, and agree option prices are another indicator of indicating price movement, they are always near my buy or sell areas
I am going to say Reuters.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #387,678
  • Jul 16, 2014 9:27pm Jul 16, 2014 9:27pm
Quoting RussJ
{quote} where are you getting the option figures?? I get some off talking forex but not near as many as you, and agree option prices are another indicator of indicating price movement, they are always near my buy or sell areas
Try nadex if you are from US.
When Scalpers win, I lose and Vice varsa...
  • #387,679
  • Jul 16, 2014 10:15pm Jul 16, 2014 10:15pm
Long euro 3525, target 3566. SL not sure yet, waiting for EU open.
Everyone can see the chart, but only a few can actually read it.
  • #387,680
  • Jul 16, 2014 10:17pm Jul 16, 2014 10:17pm
Quoting OnlineAddict
Long euro 3525, target 3566. SL not sure yet, waiting for EU open.
for a change I am with you today. I think number of euro shorts are unprecedented and deserves a 100 pip pullback
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