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Cable Update (GBPUSD)

  • #388,021
  • Jul 18, 2014 11:08am Jul 18, 2014 11:08am
Quoting OnlineAddict
Waiting for the close, but as I said earlier...looks like this down move wasn't done by bears, but by bulls. I think we will only re-test 7060s next week, before a new high, 72 or more. Not shorting this before.
4 hr candle close at 1.7084.. open at 1.7085.. at my dealer feed
  • #388,022
  • Jul 18, 2014 11:11am Jul 18, 2014 11:11am
Quoting OnlineAddict
Waiting for the close, but as I said earlier...looks like this down move wasn't done by bears, but by bulls. I think we will only re-test 7060s next week, before a new high, 72 or more. Not shorting this before.
Ghost Rider - WWTBMD?
  • #388,023
  • Jul 18, 2014 11:12am Jul 18, 2014 11:12am
Nothing can get it down... :/
  • #388,024
  • Jul 18, 2014 11:13am Jul 18, 2014 11:13am
Quoting albchr
{quote} That presupposes the "ladies" give them back. Seems both of them got stuck on their fingers. Odd....no? ....
This is an old article I read.. had that lingering question and someone answered.. sort of.

http://www.theatlantic.com/magazine/...iamond/304575/
  • #388,025
  • Jul 18, 2014 11:15am Jul 18, 2014 11:15am
Quoting albchr
{quote}
Different view? Do you still think we will see 1.69 before 1.72?
Everyone can see the chart, but only a few can actually read it.
  • #388,026
  • Jul 18, 2014 11:19am Jul 18, 2014 11:19am
Quoting OnlineAddict
{quote} Different view? Do you still think we will see 1.69 before 1.72?
What I "think" is irrelevant. (Although I know where I'm putting my money)

I'm just wondering about your statement that the "bulls" made this down move happen? Does that mean the bears made it go back up??
Ghost Rider - WWTBMD?
  • #388,027
  • Jul 18, 2014 11:20am Jul 18, 2014 11:20am
Quoting wtfigo
{quote} This is an old article I read.. had that lingering question and someone answered.. sort of. http://www.theatlantic.com/magazine/...iamond/304575/
Thank you .... But.....I think you're missing my point perhaps?
Ghost Rider - WWTBMD?
  • #388,028
  • Jul 18, 2014 11:21am Jul 18, 2014 11:21am
Quoting albchr
{quote} What I "think" is irrelevant. (Although I know where I'm putting my money) I'm just wonder about your statement that the "bulls" made this down move happen? Does that mean the bears made it go back up??
I meant that the move was done by buyers, who were buying low. If both bulls and bears want to go down, its mostly this quick and reversed quick also. Maybe to target a new high. Anyway, we will know for sure next week, my money will be on the bull side.
Everyone can see the chart, but only a few can actually read it.
  • #388,029
  • Jul 18, 2014 11:23am Jul 18, 2014 11:23am
Quoting albchr
{quote} Thank you .... But.....I think you're missing my point perhaps?
i see your point.. i agree totally.. once it's on, it's over.. that article just came to my mind thinking about engagement rings..
  • #388,030
  • Jul 18, 2014 11:26am Jul 18, 2014 11:26am
Quoting OnlineAddict
Waiting for the close, but as I said earlier...looks like this down move wasn't done by bears, but by bulls. I think we will only re-test 7060s next week, before a new high, 72 or more. Not shorting this before.
Say what? ....take a beer out your fridge and relax and think about what you said in this thread over the last few days....
Peace & Pips
  • #388,031
  • Jul 18, 2014 11:29am Jul 18, 2014 11:29am
Quoting YardiFX
{quote} Say what? ....take a beer out your fridge and relax and think about what you said in this thread over the last few days....
Lets come back to it monday-tuesday. No need to explain, market will tell.
Everyone can see the chart, but only a few can actually read it.
  • #388,032
  • Jul 18, 2014 11:30am Jul 18, 2014 11:30am
Quoting wtfigo
{quote} i see your point.. i agree totally.. once it's on, it's over.. that article just came to my mind thinking about engagement rings..
Oh... OK ....lol
Ghost Rider - WWTBMD?
  • #388,033
  • Jul 18, 2014 11:33am Jul 18, 2014 11:33am
Quoting OnlineAddict
{quote} I meant that the move was done by buyers, who were buying low. If both bulls and bears want to go down, its mostly this quick and reversed quick also. Maybe to target a new high. Anyway, we will know for sure next week, my money will be on the bull side.
I guess maybe it's the beers but, that makes absolutely no sense to me. Please tell me you're trading a demo account?

Because it "sounds" to me like what you're saying is.... the bulls, buying from lower down, caused it to fall today?? Is that it?
Ghost Rider - WWTBMD?
  • #388,034
  • Jul 18, 2014 11:34am Jul 18, 2014 11:34am
Quoting Kajos2250
{quote} GU H4 GMT+3 The trend is building nicely, so close invalidation price, perfect RR, i have to add more long Buy stop .7115... Buy limit .7051 Good luck! {image}
GU H4 GMT+3

Buy stop and limit triggered, invalidation price aproached.
Another buy stop placed .7118.
The daily pin is forming, we will see at end of the day...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 50 KB
Anything is math!
  • #388,035
  • Jul 18, 2014 11:37am Jul 18, 2014 11:37am
Quoting albchr
{quote} I guess maybe it's the beers but, that makes absolutely no sense to me. Please tell me you're trading a demo account? Because it "sounds" to me like what you're saying is.... the bulls, buying from lower down, caused it to fall today?? Is that it?
All I'm saying, that if I'm a bull and want to buy, I let the bears do their job. I just wait and with only bears on the market, the price drops quick. Then when the price is low enough, I start buying. For me, bulls and bears wanting the same, means one stay out and let the other do the job. Thats why most quick spikes get reversed, depends what timeframe they are done on.

US market opened and it started falling right away...with not even an attempt to go from a little higher, which is normal for every session open, when price is falling. For me, its unnatural and I think about the reasons, if for you, its ok, thats fine.

I don't trade demo, I actually trade for living, for a couple years now.

EDIT: 7094 now.
Everyone can see the chart, but only a few can actually read it.
  • #388,036
  • Jul 18, 2014 11:44am Jul 18, 2014 11:44am
Price came back almost exactly from where it dropped
  • #388,037
  • Jul 18, 2014 11:47am Jul 18, 2014 11:47am
Quoting Dr.Zain
Price came back almost exactly from where it dropped
Cable is Rebel!
  • #388,038
  • Jul 18, 2014 11:47am Jul 18, 2014 11:47am
Its Friday and traders got TP IMHO!!!
  • #388,039
  • Jul 18, 2014 11:50am Jul 18, 2014 11:50am
Quoting OnlineAddict
{quote} All I'm saying, that if I'm a bull and want to buy, I let the bears do their job. I just wait and with only bears on the market, the price drops quick. Then when the price is low enough, I start buying. For me, bulls and bears wanting the same, means one stay out and let the other do the job. Thats why most quick spikes get reversed, depends what timeframe they are done on. US market opened and it started falling right away...with not even an attempt to go from a little higher, which is normal for every session open, when price is falling....
Okie Dokie So I guess you're long from the bottom of today then. Well done!

Have a great weekend folks.
Ghost Rider - WWTBMD?
  • #388,040
  • Jul 18, 2014 11:52am Jul 18, 2014 11:52am
I will be trading this, when the week starts. Have a good weekend, everyone.

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