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Cable Update (GBPUSD)

  • #389,321
  • Jul 28, 2014 10:40am Jul 28, 2014 10:40am
Quoting albchr
Based on the 4H, if it breaks 7000 I'm eyeballing 1.7035/56 as now. I'm thinking the coming noise could be just enough to spike her up around there. {image} {image}
That would be nice.

Attached Image (click to enlarge)
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Everyone can see the chart, but only a few can actually read it.
  • #389,322
  • Jul 28, 2014 10:45am Jul 28, 2014 10:45am
Quoting Ken A
PATIENCE
FUNNY lad



  • #389,323
  • Jul 28, 2014 10:47am Jul 28, 2014 10:47am
Quoting Hickson
{quote} Sometimes not so easy to lure you out with an opinion on something one has worked out lol Still believe that some like sydney guru are market makers. And what do market makers do? They MAKE the market
Haha how difficult to make prediction if not going up then down. Chance to be right is always 50%. Even a broken clock always right twice a day.
  • #389,324
  • Jul 28, 2014 10:47am Jul 28, 2014 10:47am
Quoting OnlineAddict
Another boring day...and even worse than friday. This range is untradeable.
Seems to be going to plan...



Attached Image
  • #389,325
  • Jul 28, 2014 10:47am Jul 28, 2014 10:47am
Quoting ill_be_back
{quote} I Don't Think its going UP
I might, it might not. I don't have a bias nor do I predict. I only read current price.

Truth is, until this week's data is released, nobody (but the creators of that data ) can do anything but guess. That said, it's moved up, more than it has down so far today. Based on that, I don't feel an opportunity to short at the levels I mentioned is out of the question at all.
Ghost Rider - WWTBMD?
  • #389,326
  • Jul 28, 2014 10:58am Jul 28, 2014 10:58am
Close of volatility and...

Attached Image (click to enlarge)
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Bulls have it by a horn tip
  • #389,327
  • Edited 11:22am Jul 28, 2014 10:58am | Edited 11:22am
Quoting albchr
{quote} I might, it might not. I don't have a bias nor do I predict. I only read current price. Truth is, until this week's data is released, nobody (but the creators of that data ) can do anything but guess. That said, it's moved up, more than it has down so far today. Based on that, I don't feel an opportunity to short at the levels I mentioned is out of the question at all.
Next stop in my opinion 1.69348
A good trader follows his rules, but great trader knows when to break them
  • #389,328
  • Jul 28, 2014 11:09am Jul 28, 2014 11:09am
Quoting ill_be_back
{quote} Next stop in my opinion 1.69270
Load up short now then. .... Personally, I don't see it so I'll.....

Anyway, that's enough paint drying for me. Have a great day folks.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #389,329
  • Jul 28, 2014 11:29am Jul 28, 2014 11:29am
Quoting elbert3
{quote} [attach]1477693[/attach Trade confirmation On 28-Jul-2014 at 15:27:32 (GMT) You sold 10 GBPUSD @ 1.69896 for value date 30-Jul-2014 Front office position id: 140302226 Account:5589929 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 104 KB
2nd trade still risky

Trade confirmation
On 28-Jul-2014 at 16:07:02 (GMT)
You sold 5 GBPUSD @ 1.69899 for value date 30-Jul-2014
Front office position id: 140303444
Account: 5589929
  • #389,330
  • Jul 28, 2014 12:06pm Jul 28, 2014 12:06pm
Might bounce up from 1.6977...........for up to 1.7018.......
  • #389,331
  • Jul 28, 2014 12:09pm Jul 28, 2014 12:09pm
GU H4 GMT+3

Fresh HH on the H4, it is time to take some risk!
First target ~7038.
Buy limit .6968, buy stop .7013.
Invalidation, if price could close under ~6960...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 60 KB
Anything is math!
  • #389,332
  • Jul 28, 2014 12:28pm Jul 28, 2014 12:28pm
So far everything points towards a 1.7 break during asian session, at least for me. I will try to enter a long scalp around 6980-85 during early asian session. With target 7040.
Everyone can see the chart, but only a few can actually read it.
  • #389,333
  • Jul 28, 2014 12:57pm Jul 28, 2014 12:57pm
Quoting OnlineAddict
So far everything points towards a 1.7 break during asian session, at least for me. I will try to enter a long scalp around 6980-85 during early asian session. With target 7040.
It will not go above 17020(But if it does, then I am LONG with you)
A good trader follows his rules, but great trader knows when to break them
  • #389,334
  • Jul 28, 2014 12:59pm Jul 28, 2014 12:59pm
Quoting ill_be_back
{quote} It will not go above 17020(But if it does, then I am LONG with you)
I'm not long if it does...I would love to short it at 7040. I don't think it will leave its range much until FOMC on wednesday. That could provide some direction, or maybe a false break before friday's news.
Everyone can see the chart, but only a few can actually read it.
  • #389,335
  • Jul 28, 2014 1:04pm Jul 28, 2014 1:04pm
Quoting cloggie
{quote} You said you were up 5%, find 2 trades a day like that and you will be a millionaire before the end of the year.

Love this guy ;-)
@pawpaw1000 on Twitter
  • #389,336
  • Jul 28, 2014 1:07pm Jul 28, 2014 1:07pm
Quoting pawpaw1000
{quote} Love this guy ;-)
I wish he was still here...was much more fun.
Everyone can see the chart, but only a few can actually read it.
  • #389,337
  • Jul 28, 2014 1:10pm Jul 28, 2014 1:10pm
Quoting OnlineAddict
{quote} I'm not long if it does...I would love to short it at 7040. I don't think it will leave its range much until FOMC on wednesday. That could provide some direction, or maybe a false break before friday's news.
Right now I am SHORT if it breaks todays High I will be OUT, On the DOWN side i am looking at 1.69535 then bounce up for retest then more DOWN to 1.69348
A good trader follows his rules, but great trader knows when to break them
  • #389,338
  • Jul 28, 2014 1:13pm Jul 28, 2014 1:13pm
Quoting ill_be_back
{quote} Right now I am SHORT if it breaks todays High I will be OUT, On the DOWN side i am looking at 169.535 then bounce up for retest then more DOWN to 169.348
Yeah, shorts are not bad at this point, because SL can be set only 15 pips away...so not that much of a loss, if it turns. I wish it went to 7012 today, at least, from there I would short it, too. This 1.7 is tricky...I don't trust it yet, maybe if asians try it and get rejected, too.
Everyone can see the chart, but only a few can actually read it.
  • #389,339
  • Jul 28, 2014 1:20pm Jul 28, 2014 1:20pm
Quoting OnlineAddict
{quote} Yeah, shorts are not bad at this point, because SL can be set only 15 pips away...so not that much of a loss, if it turns. I wish it went to 7012 today, at least, from there I would short it, too. This 1.7 is tricky...I don't trust it yet, maybe if asians try it and get rejected, too.
Posted this yesterday, But din't see any Seniors agree with me, So now i am Cautiously watching

Quoting ill_be_back
{quote} Max High I see is 1.7002 ( Will be watching this to Enter SHORT again)
A good trader follows his rules, but great trader knows when to break them
  • #389,340
  • Jul 28, 2014 1:26pm Jul 28, 2014 1:26pm
Quoting ill_be_back
{quote} Posted this yesterday, But din't see any Seniors agree with me, So now i am Cautiously watching {quote}
Tomorrow are some GBP news, nothing major, but could definitely help bring this above 1.7 for a short. Today was a dead day.
Everyone can see the chart, but only a few can actually read it.
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