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Cable Update (GBPUSD)

  • #392,761
  • Aug 11, 2014 7:39am Aug 11, 2014 7:39am
Buying dips this week, target 6920. If we break last week's bottom, buying between 6730-50, if not...then it depends.
Everyone can see the chart, but only a few can actually read it.
  • #392,762
  • Aug 11, 2014 7:44am Aug 11, 2014 7:44am
Quoting GlobalMacro
{quote} north-bound or south ?
..dont know Sir.
692x to start selling again. Up to 7050 somewhere.

Will try to get some micro levels also and BE them.
Mondays are ridiculus last few weeks.

Down I have 6770 as one of the levels and 6576. End of the month scenario. Dont know.

More into EA and EC sells atm. EURxxx stable atm, lets see where we gonna land.

EU killed on friday, reentered td. Just killing time in a way.
  • #392,763
  • Aug 11, 2014 7:57am Aug 11, 2014 7:57am
Last few H4s point to 6820-30, at least.
Everyone can see the chart, but only a few can actually read it.
  • #392,764
  • Aug 11, 2014 8:16am Aug 11, 2014 8:16am
Quoting 21vs7
{quote} ..dont know Sir. 692x to start selling again. Up to 7050 somewhere. Will try to get some micro levels also and BE them. Mondays are ridiculus last few weeks. Down I have 6770 as one of the levels and 6576. End of the month scenario. Dont know. More into EA and EC sells atm. EURxxx stable atm, lets see where we gonna land. EU killed on friday, reentered td. Just killing time in a way.
Twenty , like your way of thinking. All this pair does lately is break 60-80 pips in a fast market then sideways forever...rinse and repeat...
I guess there's no way around waiting till wednesday in this pair....I wanna see it touch 6750 and the reaction first before anything.
Hear the music before the song is over ...
  • #392,765
  • Aug 11, 2014 8:19am Aug 11, 2014 8:19am
If is right a double top in GBPUSD M15, It's possible go to 67500? Over 20 pips length i see... And this will invalidate possible Harami...
Try don't lose pants never...
  • #392,766
  • Aug 11, 2014 8:22am Aug 11, 2014 8:22am
Quoting braintheboss
If is right a double top in GBPUSD M15, It's possible go to 67500? Over 20 pips length i see...
If euro breaks below 3383, it might take cable down, but cable has been bullish since later asian session, not sure it wants to break lower today.
Everyone can see the chart, but only a few can actually read it.
  • #392,767
  • Aug 11, 2014 8:38am Aug 11, 2014 8:38am
true but good practise to read d1 as we go ,is how ive been taught ,
or weekly or monthly ,I know ill be told that's wrong ,
could be harami ,or confirmation of inverted hammer w1 ,but don't believe right now
based on monthly


Quoting GlobalMacro
{quote} There are at least 9 hours left for D1 to complete.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,768
  • Aug 11, 2014 8:39am Aug 11, 2014 8:39am
Every time we thought gbp going down she climb up,I dont say it's bullish but shoud be very carefull...
  • #392,769
  • Aug 11, 2014 8:43am Aug 11, 2014 8:43am
cable has difficulty with 773
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,770
  • Aug 11, 2014 8:47am Aug 11, 2014 8:47am
Quoting Beli
Every time we thought gbp going down she climb up,I dont say it's bullish but shoud be very carefull...
Yes, today it looks like it wants to go above 6800 instead of below 6770.
Everyone can see the chart, but only a few can actually read it.
  • #392,771
  • Aug 11, 2014 8:48am Aug 11, 2014 8:48am
Quoting Bones
cable has difficulty with 773 {image}
6771 will open the downside for today
  • #392,772
  • Aug 11, 2014 8:51am Aug 11, 2014 8:51am
yup agree , just like the one above = flag.
We're in a trend. That's why it's so boring.

Quoting Bones
cable has difficulty with 773 {image}
Hear the music before the song is over ...
  • #392,773
  • Aug 11, 2014 9:13am Aug 11, 2014 9:13am
Quoting Bones
cable has difficulty with 773 {image}
Hi Bones,

Had one hour problem that completed, now stuck in the middle....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily811.jpg Size: 181 KB
Click to Enlarge Name: GBPUSDH1811.jpg Size: 170 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #392,774
  • Aug 11, 2014 10:13am Aug 11, 2014 10:13am
Quoting GlobalMacro
{quote} Twenty , like your way of thinking. All this pair does lately is break 60-80 pips in a fast market then sideways forever...rinse and repeat... I guess there's no way around waiting till wednesday in this pair....I wanna see it touch 6750 and the reaction first before anything.
Global Baby...

I "Hopped Off" on Friday, to take care of family item(s)...
So, on the Projection / what do 'use i was trained by 'older gentlemen,
as a "coach" that said, at one point, "You just got to get Miner", Robert Miner- Dynamic Trading.

-No people,- not a sales pitch here... I'm too old to care for that. -I'd rather (selfishly), be always winning myself,
but love to share, victories of sorts, w/good friends.

Anyway, Dynamic Traders gives you a good base for stuff, anyone can look up...
Great To chat back w/you Global,
All the Best,
My thoughts on your "50" area, next slide... :0) Ha!
Terrapin Pipper,

Jeff ;-)
I will work to Objectively Identify my Edges
  • #392,775
  • Aug 11, 2014 10:21am Aug 11, 2014 10:21am
Ok,

Here's a Crude Chart,
-(I always like to Gloss Myself in that aspect,
so as not to come across as the guy from London Saying,
"Alright Folks we are Not here for the 'Dental Plan'."...)

It's just basic,
But this is how i saw the last drop, and the move.
-You may see it different, PLEASE, do your own "Gleaning",
that's the fun of this whole thing.

I see the 1st Low of 1.6777 or the 1/4's (75) AREA, has gotta get
taken out again, for me to be seeing a more Violent_Down Thrust,
of "WAVE_5" happening...
The real "Kicker" 'personally see will be 1.6767, of course...
Again, NOT a trade call, -Please, make your own decisions in Life.

I'd have to do Yet ANOTHER chart on a Wave-5 "Projection",
but i'm sure all of you already have "Eye's" on that & don't need
any more, "Blabber".
Happy Monday,
She'll drop when she drop's,

Jeff Out !
Attached Image (click to enlarge)
Click to Enlarge Name: 8_11_2014 GBP_USD Wave_4.png Size: 28 KB
I will work to Objectively Identify my Edges
  • #392,776
  • Aug 11, 2014 10:27am Aug 11, 2014 10:27am
Quoting Hickson
{quote} No doubt that you will pick a decent level for a try for long, I just have problems with adding to my losers. If it fits with your MM, it can be a whole different story of course. Psychologically it is pretty tough, which is another thing as you know and can be mastered with discipline.
Hi Hickson

If you are looking at adding to losers, I think you can start with low capital like $1000. If you can tolerate say up to a reasonable negative $ of your total position before it moves to positive $ and set a reasonable TP. Repeat this exercise for maybe 3 months to 6 months. During this time, whenever your positions are closed with your reasonable TP, it must must be positive each time. If there is once you fail to close in positive, very likely the numbers you have set to open is incorrect. Must get the numbers right before you move on.

Once you get the hang of it, add your capital slowly say from $1000 to $5000. Your positions sizing will be 5 times higher. Do this for another 3 months to 6 months again.

Repeat the capital increase in steps

The reasons is to get yourself comfortable with the numbers before you really start to manage values like $100k, $1mil, $10mil, etc. You will be indifference to to the numbers cos percentage wise, it is the SAME!
  • #392,777
  • Aug 11, 2014 10:37am Aug 11, 2014 10:37am
Quoting TerpFan2
Ok, Here's a Crude Chart, -(I always like to Gloss Myself in that aspect, so as not to come across as the guy from London Saying, "Alright Folks we are Not here for the 'Dental Plan'."...) It's just basic, But this is how i saw the last drop, and the move. -You may see it different, PLEASE, do your own "Gleaning", that's the fun of this whole thing. I see the 1st Low of 1.6777 or the 1/4's (75) AREA, has gotta get taken out again, for me to be seeing a more Violent_Down Thrust, of "WAVE_5" happening... The real "Kicker" 'personally see will be 1.6767,...
Ghost Rider - WWTBMD?
  • #392,778
  • Aug 11, 2014 10:42am Aug 11, 2014 10:42am
PA seems to want to go higher, once my EU long is in safe profit, I will probably set a pending long for cable above today's high.
Everyone can see the chart, but only a few can actually read it.
  • #392,779
  • Aug 11, 2014 10:53am Aug 11, 2014 10:53am
Chris Good Buddy!

What up, "Up North", G
-Not TOO bad a summer, eh?

I may have missed you again, but i'll be ducking
in here & outta here...
'Hope all is well, just getting back to things.

All my best Partner,

Jeff
I will work to Objectively Identify my Edges
  • #392,780
  • Aug 11, 2014 11:08am Aug 11, 2014 11:08am
Quoting TerpFan2
{quote} Global Baby... I "Hopped Off" on Friday, to take care of family item(s)... So, on the Projection / what do 'use i was trained by 'older gentlemen, as a "coach" that said, at one point, "You just got to get Miner", Robert Miner- Dynamic Trading. -No people,- not a sales pitch here... I'm too old to care for that. -I'd rather (selfishly), be always winning myself, but love to share, victories of sorts, w/good friends. Anyway, Dynamic Traders gives you a good base for stuff, anyone can look up... Great To chat back w/you Global, All the Best, My thoughts on your "50" area, next slide... :0) Ha! Terrapin Pipper, Jeff ;-)

Saludos Jeff,

Hope you had a wonderful weekend , Compadre.

So what you're sayin' , is - come 6767 there's no turning back for this honey pie .... makes sense ;
explains why traders keeping it off in limbo right above the level...

I "terrapin-pippin" like that
Hear the music before the song is over ...
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