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Cable Update (GBPUSD)

  • #391,061
  • Aug 2, 2014 2:40pm Aug 2, 2014 2:40pm
Quoting slimcat
{quote} lets hope the big boys do too...
Big boys love a discount, we only looking for fractions of penny for most of us, if that some only pennies
All posts are my personal opinion
  • #391,062
  • Aug 2, 2014 2:51pm Aug 2, 2014 2:51pm
Quoting xetrader
{quote} no no i m not like that but i m even hotter than her! i belong to Fallbrook, where are you? between, Bones are you sure for GJ to go down further? please let me know so that i will open a short early on Monday. please send your response as soon as possible thanks a lot both of you..
@xetrader:

I am not a GURU, Bones is a senior trader to me and most of my trading comes from using Bones as a guide.

I would like to suggest all questions in that regard be directed to Bones in an effort that we both can continue to learn from Bones.

Thank you for having considered my opinion and I am confident that all your questions will be satisfactorily answered by Bones.

However, please do not hesitate from keeping in touch with me if you have a hotter photo of yourself to share

I accept PMs in that regard.



HDA OUT
  • #391,063
  • Aug 2, 2014 3:10pm Aug 2, 2014 3:10pm
Quoting HDA
{quote} @xetrader: I am not a GURU, Bones is a senior trader to me and most of my trading comes from using Bones as a guide. I would like to suggest all questions in that regard be directed to Bones in an effort that we both can continue to learn from Bones. Thank you for having considered my opinion and I am confident that all your questions will be satisfactorily answered by Bones. However, please do not hesitate from keeping in touch with me if you have a hotter photo of yourself to share I accept PMs in that regard. HDA OUT...
HDA YOU BETTER NOTLEAVE YOUR SCREEN OPEN ON THAT PAGE,,,LOL,,,E or it will be HDA out for the count ?
  • #391,064
  • Aug 2, 2014 3:12pm Aug 2, 2014 3:12pm
Quoting elbert3
{quote} HDA YOU BETTER NOTLEAVE YOUR SCREEN OPEN ON THAT PAGE,,,LOL,,,E or it will be HDA out for the count ?
Oops

You are a life saver, thanks elbert3

HDA OUT
  • #391,065
  • Aug 2, 2014 3:48pm Aug 2, 2014 3:48pm
im not a guru hda ,you could just concider ive had a couple good weeks ,

Quoting HDA
{quote} @xetrader: I am not a GURU, Bones is a senior trader to me and most of my trading comes from using Bones as a guide. I would like to suggest all questions in that regard be directed to Bones in an effort that we both can continue to learn from Bones. Thank you for having considered my opinion and I am confident that all your questions will be satisfactorily answered by Bones. However, please do not hesitate from keeping in touch with me if you have a hotter photo of yourself to share I accept PMs in that regard. HDA OUT...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,066
  • Aug 2, 2014 4:25pm Aug 2, 2014 4:25pm
Quoting RussJ
{quote} Hey Elbert, all good thanks, yes am expecting it so be supported at 16787.... expect it to get too 16936 then... then expect shorts to come in and finish below 167 at end of week


Quoting ill_be_back
{quote} No LONG for me till 1.6786
A good trader follows his rules, but great trader knows when to break them
  • #391,067
  • Aug 2, 2014 6:44pm Aug 2, 2014 6:44pm
I'm liking this set up.
I'll probably short market open then look for reasons to go long around multi fib/PA support below.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 38 KB
Come with me if you want to live....
  • #391,068
  • Aug 2, 2014 7:09pm Aug 2, 2014 7:09pm
bad data nfp spike up rejected at resistance above.

closed below immediate support, and showing signs of rejection upon retest in last hour of play.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
Come with me if you want to live....
  • #391,069
  • Aug 2, 2014 10:19pm Aug 2, 2014 10:19pm
Quoting Bones
are you trading gold ? when cable presents much better opportunity {quote} {image}
Just seemed relevant as reminded me of USDLFX chart you posted. Obviously, other side is USD, so curious as to how people saw it. Plus, G was around, and he does a great job on gold.

Thank you to you, Billy, G, et al, for great charts. Nice to see here.

@HDA: I assume you have one of those lousy institutional feeds, so you can not share charts. But I appreciate your levels.

At the moment, do not have much to say on pound, other than what I have already posted. So have a great weekend.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #391,070
  • Aug 2, 2014 10:51pm Aug 2, 2014 10:51pm
Limits waiting into 6750s and 6700s.

Price currently resting on the 144 day EMA.

Daily/H4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pounddaily.png Size: 29 KB
Click to Enlarge Name: poundh4.png Size: 25 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #391,071
  • Aug 2, 2014 11:23pm Aug 2, 2014 11:23pm
Quoting Rag2RichesFX
Limits waiting into 6750s and 6700s. Price currently resting on the 144 day EMA. Daily/H4 {image} {image}
Welcome back R2R.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #391,072
  • Aug 2, 2014 11:30pm Aug 2, 2014 11:30pm
Quoting Rag2RichesFX
Limits waiting into 6750s and 6700s. Price currently resting on the 144 day EMA. Daily/H4 {image} {image}

Weird… my 144 day ema is at 1.67514
  • #391,073
  • Aug 2, 2014 11:33pm Aug 2, 2014 11:33pm
Quoting Mr. Scott
{quote} Welcome back R2R.
Thanks, was getting bored. Hope the year has been green to you.


Quoting Ck87
{quote} Weird… my 144 day ema is at 1.67514
That is strange. EMA 144 close, do you have it set to EMA 144 low?
Be hopeful in a winning position, and fearful in a losing position.
  • #391,074
  • Aug 3, 2014 1:31am Aug 3, 2014 1:31am
Quoting ill_be_back
{quote} {quote}

Yep same entering at 16787.. what are you targeting?
I'm thinking 16937 then I feel it could reverse and go back short but will re evaluate after 1.6937
  • #391,075
  • Aug 3, 2014 2:38am Aug 3, 2014 2:38am
Quoting Mr. Scott
{quote} Just seemed relevant as reminded me of USDLFX chart you posted. Obviously, other side is USD, so curious as to how people saw it. Plus, G was around, and he does a great job on gold. Thank you to you, Billy, G, et al, for great charts. Nice to see here. @HDA: I assume you have one of those lousy institutional feeds, so you can not share charts. But I appreciate your levels. At the moment, do not have much to say on pound, other than what I have already posted. So have a great weekend.
Nice post Mr Scott ,,gl,,regards Billy
  • #391,076
  • Aug 3, 2014 2:47am Aug 3, 2014 2:47am

Sterling sags to six-week low as rally fizzles.


Sterling has slipped versus the dollar for the 11th day in the past three weeks, as the UK's currency rally for much of the past year has fizzled out.
The pound dipped 0.1 per cent against the greenback to trade at $1.6928, the lowest since June 12 and down 1.5 per cent from the six-year high it touched on July 15.
The sterling rally has been one of the most enticing trades in foreign currency markets over the past year, as investors bet that the rapid economic recovery could compel the Bank of England to become the first major central bank to raise rates.
Governor Mark Carney fuelled speculation when he earlier this summer unexpectedly said that interest rates could rise sooner than markets expected, pushing the pound to its six-year peak. It has now gained 11.1 per cent against the dollar over the past 12 months, the best performance of any G10 currency.
In recent weeks sterling has sagged, however, as some analysts began voicing concerns that its rise was overdone, and could even imperil the economic recovery by stifling exports.
That view gained a heavyweight supporter in the International Monetary Fund, which on Monday warned that the pound was between 5 per cent and 10 per cent overvalued. That was impeding efforts to close the UK's trade deficit and preventing an economic rebalancing away from a reliance on consumer spending and imports.

http://on.ft.com/1tZwNmp

  • #391,077
  • Edited 7:47am Aug 3, 2014 7:32am | Edited 7:47am
1.6820 goes for good , then fast move down to 1.6650
else retest of 1.7000 on the cards in the coming weeks
Attached Image (click to enlarge)
Click to Enlarge Name: 1DailyCable.png Size: 13 KB
Hear the music before the song is over ...
  • #391,078
  • Aug 3, 2014 8:29am Aug 3, 2014 8:29am
Resume:

Im a dumb-ass and a , he he he.

Done everything super perfect. One of my best and easiest trades and i was so sure..

Analyzed the charts, waited, analyzed again waited and waited, W1, D1, MN1, D1 back and forth,
6 weeks, every day. Then caught it exactly at the peak with a big lot short..

And then, chickened out at 1.6840 ?!?!

Looking at the moment at W1 and MN1,
a feeling creeps me, that this was also one of my biggest mistakes.

But at the other side,

Better a sparrow in the hand as a dove on the roof

Notice to my self:

The greed is the scourge of the mankind
so knowing that i should not whine and be happy about a super trade.

And finite.

Happy trading, next weeks will be very interesting.

Greets
How to opt out annoying user signatures ??
  • #391,079
  • Edited 9:45am Aug 3, 2014 9:25am | Edited 9:45am
Quoting RussJ
{quote} Yep same entering at 16787.. what are you targeting? I'm thinking 16937 then I feel it could reverse and go back short but will re evaluate after 1.6937
If it happens then 1.69228
Sunday planning to SHORT GJ
A good trader follows his rules, but great trader knows when to break them
  • #391,080
  • Aug 3, 2014 10:39am Aug 3, 2014 10:39am
Level to get out from Long is around 1.6950.

It is now corrective wave.

A dip to 1.6780 is not ruled out though.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 76 KB
Intraday only.
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