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Cable Update (GBPUSD)

  • #387,801
  • Jul 17, 2014 9:23am Jul 17, 2014 9:23am
Quoting JimmyC
Pairs Trade short EG... now breaking through the bottom of the LT channel {image}
not good for GU shorts !
here EG Orders [Bold = Big Volume]

Sellers 0.7925 0.7940-50 0.7965 0.7975-85 0.8000-10
Buyers 0.7885 0.7875 0.7850-60 0.7825-35 0.7800
Get Rich or Die Tryin
  • #387,802
  • Jul 17, 2014 9:25am Jul 17, 2014 9:25am
Quoting OnlineAddict
{quote} Not sure about exact numbers, but euro's top was 1.6, cable's top 2.1, 2500 pips and almost 4000 pips.


At 1.71 I am more for short then eur short on 1.35....just opinion
  • #387,803
  • Jul 17, 2014 9:25am Jul 17, 2014 9:25am
Quoting OnlineAddict
{quote} You are right, markets are random. Thats why when euro hit 3503 not so long ago, it spiked 160 pips in a few hours. I bet the traders on FF did that move, since most of them were short below 1.36 by that time.
i hope u got deep pockets btw or a large stoploss on this trade
  • #387,804
  • Jul 17, 2014 9:26am Jul 17, 2014 9:26am
GU is well bid around 1.7100 , 1.7085 , 1.7050 , 1.7010/00 , expect little bounces at these levels and stop loss under for buyers
Get Rich or Die Tryin
  • #387,805
  • Jul 17, 2014 9:26am Jul 17, 2014 9:26am
Quoting OnlineAddict
{quote} Based on PA. Look at 3520 on euro...somebody big is protecting it. If it holds today, bulls won. Same on Cable...71 still a solid support and bears not able to make a new low. They are trying...they just can't. They have 1-2 hours left.
Well ok then. I guess everyone reads PA differently. That's why I asked.

I see PA structure and order flow within it that tells me the bears are in control ATM. Even that blast from GBP data yesterday couldn't make a new high. For me, 6930/00 is all but written on the wall. But as always, we'll see.
Ghost Rider - WWTBMD?
  • #387,806
  • Jul 17, 2014 9:27am Jul 17, 2014 9:27am
Quoting AllyB
{quote} i knew you were short sighted i have been doing a few on EU just because dustbins work well on that pair even if it doesn't move much ... like today 20 pip adr ... good grief LOL
I'm not trading much at the moment and have moved to cash waiting for the indexes to correct... slow time of year... will be back into it Sep me thinks
Main street is now net long equities... never a good sign, when the indexes bang it messes with FX so cautious, very

EU daily I'm short 1.369 looking for 1.34 ... No dustbins (too time intensive)

Attached Image


Good luck
  • #387,807
  • Jul 17, 2014 9:28am Jul 17, 2014 9:28am
Quoting JimmyC
{quote} Hi Scott the swaps killing me on a sideways hold, if it doesn't move I'm going to close, dealing costs reducing the RR would be better to swap long...
Ok thank you for clarification, understand now.

Not a channel guy, but here is lame attempt.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpweekly717.jpg Size: 179 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #387,808
  • Jul 17, 2014 9:28am Jul 17, 2014 9:28am
Quoting hoom
{quote} not good for GU shorts ! here EG Orders Sellers[b] 0.7925 0.7940-50 0.7965 0.7975-85 0.8000-10 Buyers 0.7885 0.7875 0.7850-60 0.7825-35 0.7800
Tx Hoom!
  • #387,809
  • Jul 17, 2014 9:30am Jul 17, 2014 9:30am
Quoting albchr
{quote} Well ok then. I guess everyone reads PA differently. That's why I asked. I see PA structure and order flow within it that tells me the bears are in control ATM. Even that blast from GBP data yesterday couldn't make a new high. For me, 6930/00 is all but written on the wall. But as always, we'll see.

Yes,pound looks like exhausted...
  • #387,810
  • Jul 17, 2014 9:30am Jul 17, 2014 9:30am
Quoting JimmyC
{quote} I'm not trading much at the moment and have moved to cash waiting for the indexes to correct... slow time of year... will be back into it Sep me thinks Main street is now net long equities... never a good sign, when the indexes bang it messes with FX so cautious, very EU daily I'm short 1.369 looking for 1.34 ... No dustbins (too time intensive) {image} Good luck
EU from yesterday, did not change much.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily7163.jpg Size: 162 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #387,811
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting albchr
{quote} Well ok then. I guess everyone reads PA differently. That's why I asked. I see PA structure and order flow within it that tells me the bears are in control ATM. Even that blast from GBP data yesterday couldn't make a new high. For me, 6930/00 is all but written on the wall. But as always, we'll see.
got a confirmed sell on gbp/cad brother. I am loaded on this at 1.8395 and looking for 8340 today
  • #387,812
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting DerekTrotter
{quote} i hope u got deep pockets btw or a large stoploss on this trade
Which trade? I'm long on cable, I don't open 2 trades at a time, most of the time. If I was long on eur, I would set a SL below 3519, so risking 6-7 pips. Do you need big pockets for that? Or are you one of those martingale super traders, who add every 50 pips until their account explodes?
Everyone can see the chart, but only a few can actually read it.
  • #387,813
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting Mr. Scott
{quote} Ok thank you for clarification, understand now. Not a channel guy, but here is lame attempt. {image}
Looks right
  • #387,814
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting hoom
{quote} I dont know , but do you want to know where could you get option expiries on a daily basis ? :nerd: I am here to help if needed .
Is it legal? LOL
Ghost Rider - WWTBMD?
  • #387,815
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting hoom
GU is well bid around 1.7100 , 1.7085 , 1.7050 , 1.7010/00 , expect little bounces at these levels and stop loss under for buyers


ForexLive?
  • #387,816
  • Jul 17, 2014 9:32am Jul 17, 2014 9:32am
Hi Guys
My G/CHF shorts doing great +80pips and counting

GU update
H4 Trend below my Wave RSI and W% below 50.As long as they remain below 50 and below my WAVE shorts will be on.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #387,817
  • Jul 17, 2014 9:32am Jul 17, 2014 9:32am
Quoting albchr
{quote} Well ok then. I guess everyone reads PA differently. That's why I asked. I see PA structure and order flow within it that tells me the bears are in control ATM. Even that blast from GBP data yesterday couldn't make a new high. For me, 6930/00 is all but written on the wall. But as always, we'll see.
I have nothing against 1.69, do you mind if we go to 1.7145 one more time before that? I would appreciate that.

btw I'm only watching intraday PA.
Everyone can see the chart, but only a few can actually read it.
  • #387,818
  • Jul 17, 2014 9:37am Jul 17, 2014 9:37am
Quoting giveachance
{quote} got a confirmed sell on gbp/cad brother. I am loaded on this at 1.8395 and looking for 8340 today
I banked a couple this morning on it again. She's kind of in limbo right here now. But I'm also looking lower ATM. A good tag off the 1H 50ema here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadmh1.png Size: 74 KB
Ghost Rider - WWTBMD?
  • #387,819
  • Jul 17, 2014 9:38am Jul 17, 2014 9:38am
Quoting albchr
{quote} I banked a couple this morning on it again. She's kind of in limbo right here now. But I'm also looking lower ATM. A good tag off the 1H 50ema here. {image}
I have collected atleast 180 pips on this pair since yesterday. I think it is on the verge of breakdown. might take some time since cad behaves a bit differently but it will break 1.82 eventually and move towards 1.80 or 1.78
  • #387,820
  • Jul 17, 2014 9:39am Jul 17, 2014 9:39am
Quoting albchr
{quote} Is it legal? LOL
It is legal of course, just costs money. I have my sources. The options that expire every day are worth more than $300 million
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
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