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Cable Update (GBPUSD)

  • #395,261
  • Aug 29, 2014 4:27am Aug 29, 2014 4:27am
GU PA is a mess. Will check back after US news clears....but am probably done for the day.
  • #395,262
  • Aug 29, 2014 4:30am Aug 29, 2014 4:30am
dow has to interest someone
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,263
  • Aug 29, 2014 4:33am Aug 29, 2014 4:33am
Quoting chazzle
{quote} cheers mate - are you in or flat?
no 6 trades long see the post above ,just took 2 off at 6595 same target as yesterday 6634
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  • #395,264
  • Aug 29, 2014 4:39am Aug 29, 2014 4:39am
Quoting Bones
oh yes she's flying now {image}
Where are you short from Tony?
Ghost Rider - WWTBMD?
  • #395,265
  • Aug 29, 2014 4:44am Aug 29, 2014 4:44am
im not short at all ,I'm waiting for signal ,month end draws close,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,266
  • Aug 29, 2014 4:47am Aug 29, 2014 4:47am
Quoting elbert3
{quote} no 6 trades long see the post above ,just took 2 off at 6595 same target as yesterday 6634 {image}
holding into next week - or looking for 6634 today?
  • #395,267
  • Aug 29, 2014 4:52am Aug 29, 2014 4:52am
I'm short dax tho which just fell 60 pips in last couple hours ,almost cable entire week range

Quoting Bones
im not short at all ,I'm waiting for signal ,month end draws close,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,268
  • Aug 29, 2014 4:58am Aug 29, 2014 4:58am
Quoting Bones
im not short at all ,I'm waiting for signal ,month end draws close,
Huh? You're in here day in and day out calling bear ... bear ... bear with chart after chart while laughing at the longs and you haven't loaded any shorts? That seems rather odd ...

One would think with all your posts making the case for shorts, you'd have a "signal" by now?

I'm really not trying to be a pain here Tony. Just trying to understand. But that just seems to wreak of uncertainty or a lack of conviction to me. Are you still trying to convince yourself of the case for shorts? Or are you really confident enough to place some and wait for the inevitable as you see it?
Ghost Rider - WWTBMD?
  • #395,269
  • Aug 29, 2014 5:06am Aug 29, 2014 5:06am
chris im not sure what you mean ,,why you take my view so personally ,i already told you i wait for cable and I give good reasoning unlike the majority
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,270
  • Aug 29, 2014 5:10am Aug 29, 2014 5:10am
closed short, If it opens above 1.6600 on Monday going long
  • #395,271
  • Aug 29, 2014 5:11am Aug 29, 2014 5:11am
Quoting albchr
{quote} Huh? You're in here day in and day out calling bear ... bear ... bear with chart after chart while laughing at the longs and you haven't loaded any shorts? That seems rather odd ... One would think with all your posts making the case for shorts, you'd have a "signal" by now? I'm really not trying to be a pain here Tony. Just trying to understand. But that just seems to wreak of uncertainty or a lack of conviction to me. Are you still trying to convince yourself of the case for shorts? Or are you really confident enough...
he is not providing a signal service just commenting on what he think at the time..when he posted its a short..if ud have listen u might have made 500 pips..if u ask me tony sees a retrace potential hence cutting his positions..month end will likely provide him with further options

again your comment is quite sacartic
  • #395,272
  • Aug 29, 2014 5:12am Aug 29, 2014 5:12am
Quoting Bones
chris im not sure what you mean ,,why you take my view so personally ,i already told you i wait for cable and I give good reasoning unlike the majority
LOL ... I'm not taking anything personally Tony I assure you. I was just trying to understand how someone can be so convinced of a direction and yet, have no trades going that way. That's all.

I mean it can only go up or down. You're obviously convinced it's down. So why no shorts?
Ghost Rider - WWTBMD?
  • #395,273
  • Aug 29, 2014 5:14am Aug 29, 2014 5:14am
chris whats difficult about Im waiting for higher price ,or break

Quoting albchr
{quote} LOL ... I'm not taking anything personally Tony I assure you. I was just trying to understand how someone can be so convinced of a direction and yet, have no trades going that way. That's all. I mean it can only go up or down. You're obviously convinced it's down. So why no shorts?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,274
  • Aug 29, 2014 5:14am Aug 29, 2014 5:14am
Quoting nAVIN2007
{quote} he is not providing a signal service just commenting on what he think at the time..when he posted its a short..if ud have listen u might have made 500 pips..if u ask me tony sees a retrace potential hence cutting his positions..month end will likely provide him with further options again your comment is quite sacartic
My question was not addressed to you and there was no sarcasm intended. (But that's how you see everything I say or ask)

Please stay out of it. I'm sure Tony is quite capable of answering for himself.
Ghost Rider - WWTBMD?
  • #395,275
  • Aug 29, 2014 5:16am Aug 29, 2014 5:16am
Quoting Bones
chris whats difficult about Im waiting for higher price ,or break {quote}
Nothing Tony, and that just answered my question. Thank you.
Ghost Rider - WWTBMD?
  • #395,276
  • Aug 29, 2014 5:20am Aug 29, 2014 5:20am
Quoting chazzle
{quote} holding into next week - or looking for 6634 today?
just got taken out clear now 1 loss 5 wins some big some only pips,, ,,look later now about 6582 ish
  • #395,277
  • Aug 29, 2014 5:20am Aug 29, 2014 5:20am
Chris im not directing my posts at anyone I hope you can see ,
I like cable ,anything I post is what I see ,I see we could be in range for 14 -15 days and still be bearish ,
channel can not be argued at this point ,

Quoting albchr
{quote} Nothing Tony, and that just answered my question. Thank you.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,278
  • Aug 29, 2014 5:21am Aug 29, 2014 5:21am
Quoting HDA
{quote} @srt: Always remember this and in the future, I want you to observe what happens everytime bear stops are cleared at the DEMAND ZONE or bull stops are cleared at the SUPPLY ZONE. 1.6610 stops were cleared (weak probability to be short) at the DEMAND ZONE...
Hi HDA,
I'm wrapping my head around your posts but following is what I just didn't get. Would appreaciate your explanation.

1) re
Quote
Bear stops to be cleared @ demand lvl
- How do you know they are bear stops, can't it be also bull's buy stops of early buyers? Who then gets killed by move lower into new lows? I understand your point of having bull case and bear case and compare the two, just don't understand why fake move up should actually prepare the way for more move up. Maybe you get this info cause you got an institutional account?

2) re
Quote
market has been heavily short
- Based on what? Can't it be mostly longs unloaded?

3) regarding option barriers - my understanding is that whenever option barrier is present (the big ones), it's defended but also gunned for. So knowing the strike & size is just a piece of the puzzle and it's up to the bull&bear strength which way the market goes (= which options the market targets) and whether the price gets hit or not. Correct?

4) My understanding is that you gun for 1.27ext with your TP2. But you also see the hurdles along the way where it might turn back south (then this C might become just A of bigger correction), which then would make you accomodate to a new situation right? But isn't the only way to realize it's going further south when price gets back bellow C? In which case you give back all the profit and take a loss..unless you choose to play the bigger correction adding even lower. Explanation is appreciated for that's something that will help me build my trading approach/strategy. Not to copy yours, but getting an understanding of different trading styles and then choosing what suits me.
Markets wispers, just tune in.
  • #395,279
  • Aug 29, 2014 5:26am Aug 29, 2014 5:26am
truth is Nav I had some really good sells ,which I should hold with my conviction ,its very difficult to hold even with conviction ,I want to play this down as professional as poss , if thats what we will do ,

Quoting nAVIN2007
{quote} he is not providing a signal service just commenting on what he think at the time..when he posted its a short..if ud have listen u might have made 500 pips..if u ask me tony sees a retrace potential hence cutting his positions..month end will likely provide him with further options again your comment is quite sacartic
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,280
  • Aug 29, 2014 5:31am Aug 29, 2014 5:31am
Quoting Bones
Chris im not directing my posts at anyone I hope you can see , I like cable ,anything I post is what I see ,I see we could be in range for 14 -15 days and still be bearish , channel can not be argued at this point , {quote} {image}
I understand Tony. I wasn't saying you were directing them at anyone.

But you are posting and I did have a question based on those posts so I asked it, that's all.

You have posted many "breaks" to the bear side and I guess that's where my confusion came in. Since you look at the larger TF's "mainly", I thought the path was clear to you and hence, wondered why you weren't short.

Please don't take my comments or questions as sarcasm like Navin always does. I'm simply trying to understand the thinking that's all. Now I do.

I don't use channels but I know many do. Just like a TL, price can walk sideways right through them and does so quite often. Especially in August. I find TL's more useful in volatile market conditions. But that's just me.
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