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Cable Update (GBPUSD)

  • #395,801
  • Sep 2, 2014 2:23am Sep 2, 2014 2:23am
My EU short attempt at 1.3122 went break even, should have not auto adjusted the stop. May reload short on the EU. Trend is your friend, don't fight it.
  • #395,802
  • Sep 2, 2014 2:25am Sep 2, 2014 2:25am
Quoting cspip
{quote} Might be a triple bottom on the H4......could touch down to around 1.6508.....or bounce back up....... .........but it did close above 1.6533...........
Could be lets see how it plays out. ooops...I type to slow. Lookout below!
  • #395,803
  • Sep 2, 2014 2:25am Sep 2, 2014 2:25am
what the heck going on. incredible volatiltiy today on little news- jpy, gbp, its a mess.
  • #395,804
  • Sep 2, 2014 2:27am Sep 2, 2014 2:27am
Quoting guyver_FiXer
{quote} Same here, thought the GBP news would have made this 1.6600 more support. However, my view on the simple S/R has played out as I viewed earlier last week. Now longs are going to struggle for some more ranging/consolidation time to get back to 1.6600 levels and beyond. these oversold indicators can stay oversold for quite some time. These Small retraces to the upside gives this Cable some breather for the bears to continue. Will this current support hold around this area of 1.6530/40?. Looks doubtful. {image}

Which support bro ... 16530 broken down.....

next major support at 165...
  • #395,805
  • Sep 2, 2014 2:29am Sep 2, 2014 2:29am
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  • #395,806
  • Sep 2, 2014 2:29am Sep 2, 2014 2:29am
I cant yet. cuz it just went against my entry...
can i ask one more, how long is this free pips thingy gonna go............................................... LOL i mean in your view, i knw there is no precise answer in this game!

thanks

Quoting YardiFX
{quote} Very simple, for people to buy they need people to sell... but more importantly they need to buy in at a good entry.... once you can figure out what is a good entry your laughing
  • #395,807
  • Sep 2, 2014 2:29am Sep 2, 2014 2:29am
what is going on with the market o.o It as if one way game
  • #395,808
  • Sep 2, 2014 2:30am Sep 2, 2014 2:30am
now I'm short ,

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}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,809
  • Sep 2, 2014 2:31am Sep 2, 2014 2:31am
Quoting Halba
what the heck going on. incredible volatiltiy today on little news- jpy, gbp, its a mess.
Daily situation is ...um...bearish. Don't trade against that monster candle. Welcome to normal trading, summer is over and volume will pick up
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  • #395,810
  • Sep 2, 2014 2:32am Sep 2, 2014 2:32am
Quoting chazzle
bought binary hedge - touch 520 before 12 BST at around 7:1 RR to potentially cover 2/3 of DD
done - can now add a bit
  • #395,811
  • Sep 2, 2014 2:34am Sep 2, 2014 2:34am
We could see a bounce at the 1.6500 psych level. But I want no part of a long trade here. Appears, EU is about to follow.
  • #395,812
  • Edited 3:00am Sep 2, 2014 2:34am | Edited 3:00am
There was a rising wedge for the past few days........with a 'fake' break out to the north yesterday, which started on Friday...........

............now its going back down and passed the previous lows...........could see around 1.6496 - 87
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  • #395,813
  • Sep 2, 2014 2:38am Sep 2, 2014 2:38am
Quoting Halba
what the heck going on. incredible volatiltiy today on little news- jpy, gbp, its a mess.
a 45 pip drop since high impact news is not "incredible volatility" imo
  • #395,814
  • Sep 2, 2014 2:41am Sep 2, 2014 2:41am
Quoting ptcl
{quote} but is there any way for retail traders to know news a few seconds early ? i've heard some services like bloomberg gives actual readings a few seconds early is this the case ? has anyone used bloomberg system ?
Nope. Don't waste your time investigating this idea. It doesn't exist.

Wait for the news to clear. Then look to trade after the price volume surge. IF you try and enter a position before news, hold and price goes against you, there is a real chance you will not be able to exit because price will jump your exit level on high volume. I have incurred 60 pip losses playing this game in the past. Had to learn the hard way. tried to exit in the green, order was rejected, price dropped big in seconds, and I got smoked.

Cheers
  • #395,815
  • Sep 2, 2014 2:42am Sep 2, 2014 2:42am
Quoting Halba
what the heck going on. incredible volatiltiy today on little news- jpy, gbp, its a mess.
Speculation on this:

On top of that, JPY is bearish fundamentally.

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  • #395,816
  • Sep 2, 2014 2:42am Sep 2, 2014 2:42am
Quoting ptcl
im new here guys whats PA, or where is he
Price Action
  • #395,817
  • Sep 2, 2014 2:50am Sep 2, 2014 2:50am
Excitement is over for now. 1 win , 1 break even. Looking for a pullback sell.

The trend on the GU was reset, so this appears to be wave number 1 downward, expect at least 2 more pushes down unless we get a higher high on the midrange level (H1 to H4). Keep in mind the big firm career traders are back to work this week. Things should pick up nicely.

Cheers.
  • #395,818
  • Sep 2, 2014 2:51am Sep 2, 2014 2:51am
Hi B, that's a nice sell you got there. That's more than 100 pips higher though.

We're at 1.6518 now....How did you get filled at such a good level ?

Quoting Bones
now I'm short , {quote} {image}
Hear the music before the song is over ...
  • #395,819
  • Sep 2, 2014 2:52am Sep 2, 2014 2:52am
I took trade yesterday ,
based on posted analysis ,
Quoting GlobalMacro
Hi B, that's a nice sell you got there. That's more than 100 pips higher though. We're at 1.6518 now....How did you get filled at such a good level ? {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #395,820
  • Sep 2, 2014 2:53am Sep 2, 2014 2:53am
Quoting Bones
now I'm short , {quote} {image}
Ghost Rider - WWTBMD?
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