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Cable Update (GBPUSD)

  • #396,241
  • Sep 3, 2014 11:40am Sep 3, 2014 11:40am
Hi Navk ,to me in todays condition the trade is risky ,overall your find yourself in trouble over time ,eur nzd I haven't looked ,
its actually easier to trade with movement ,

Quoting navk
{quote} You said taking a trade like this extremely risky, I feel other way. If you notice all the PA it will be like this. One day extremely over sold, next day retracement 23 to 38 %. Then it will to test previous day low and even it breaks it, But still safe to go long. See for instance what happened with EURNZD. Yesterday and today PA. Yesterday the pair moved up by 170 pips. The ADR IS 90 pips. Today the range is just 60 pips. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,242
  • Sep 3, 2014 11:48am Sep 3, 2014 11:48am
Quoting Bones
Hi Navk ,to me in todays condition the trade is risky ,overall your find yourself in trouble over time ,eur nzd I haven't looked , its actually easier to trade with movement , {quote}
Normally I do not take trades on the opposite side.

But the over sold/Over bought conditions gives me lots of confidence.

And risk is less.
Intraday only.
  • #396,243
  • Sep 3, 2014 11:53am Sep 3, 2014 11:53am
yes RN ,I like numbers ,personally at this point that H1 is not something id worry about being short ,if I'm honest id rarely look down that low unless I was trading a higher tf
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD h1 3 (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,244
  • Sep 3, 2014 11:55am Sep 3, 2014 11:55am
Quoting Bones
yes RN ,I like numbers ,personally at this point that H1 is not something id worry about being short ,if I'm honest id rarely look down that low unless I was trading a higher tf {image}
This char may be for tomorrow. Let us see.
Intraday only.
  • #396,245
  • Sep 3, 2014 11:56am Sep 3, 2014 11:56am
I do not see any demand yet, we are well inside daily demand area on its upper area. I think about slightly below 1.6410, if demand showed ip when price goes there, I would love to build long.
  • #396,246
  • Sep 3, 2014 11:58am Sep 3, 2014 11:58am
could be ,so where is your stop , if I look h4 or above picture is bleak ,story is bearish monthly just broke north ,
after months consolidation from previous bearish move,

Quoting navk
{quote} This char may be for tomorrow. Let us see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD h4 (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,247
  • Sep 3, 2014 11:59am Sep 3, 2014 11:59am
Quoting ill_be_back
{quote}
The gurus are back
Fix up, trade sharp ...
  • #396,248
  • Sep 3, 2014 11:59am Sep 3, 2014 11:59am
My 1 hr char. Price at daily support and RN.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 117 KB
Intraday only.
  • #396,249
  • Sep 3, 2014 12:04pm Sep 3, 2014 12:04pm
Quoting Bones
could be ,so where is your stop , if I look h4 or above picture is bleak ,story is bearish monthly just broke north , after months consolidation from previous bearish move, {quote} {image}
My stop is below 1.7570 but I would book the profits before to morrow.

Yeah possible, by tomorrow it could reach 7550, but may not be today.
Intraday only.
  • #396,250
  • Sep 3, 2014 12:09pm Sep 3, 2014 12:09pm
right yes dose not surprise me daily s3

Quoting navk
My 1 hr char. Price at daily support and RN. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,251
  • Sep 3, 2014 12:11pm Sep 3, 2014 12:11pm
Quoting Hickson
{quote} The gurus are back
My Magic girl did DEFY ALL LOGIC & bought it DOWN to 1.64475
A good trader follows his rules, but great trader knows when to break them
  • #396,252
  • Sep 3, 2014 12:16pm Sep 3, 2014 12:16pm
Quoting Bones
right yes dose not surprise me daily s3 {quote}
The daily pivots + support + resistance works very well in addition to whatever I have in my chart.

As I said, that is it for today, I mean GA move today.

Tomorrow another story, will try to test daily pivot tomorrow ( Around 7640 )

I do not know the daily close, so the daily pivot for tomorrow after 5 PM EDT.
Intraday only.
  • #396,253
  • Sep 3, 2014 12:34pm Sep 3, 2014 12:34pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: KAble4.gif Size: 161 KB
  • #396,254
  • Sep 3, 2014 12:53pm Sep 3, 2014 12:53pm
My GA long trade :
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 71 KB
Intraday only.
  • #396,255
  • Sep 3, 2014 1:13pm Sep 3, 2014 1:13pm
Quoting bones
right yes dose not surprise me daily s3 {quote}
pro waiting for news to dip price and buy buy buy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 53 KB
MY OPINION NOT FINANCIAL ADVISE
  • #396,256
  • Sep 3, 2014 1:25pm Sep 3, 2014 1:25pm
Which day yours think is "THE FALL TO THE HELL"? I'm suffer 4 bad orders and i want know when stop my nightmare...
Try don't lose pants never...
  • #396,257
  • Sep 3, 2014 1:29pm Sep 3, 2014 1:29pm
Quoting donfriday
{quote} pro waiting for news to dip price and buy buy buy {image}
I like the way you think
  • #396,258
  • Sep 3, 2014 1:33pm Sep 3, 2014 1:33pm
I'm curious what would happen if Draghi spikes EU up tomorrow...like 100 pips or more...what would happen to GU. If there are any more bulls left to use the EU spike to go above 1.65. Probably not.
Everyone can see the chart, but only a few can actually read it.
  • #396,259
  • Sep 3, 2014 1:48pm Sep 3, 2014 1:48pm
Quoting itsyesman
hi GBPUSD lost the support. its moving towards the next support at 1.64591.
http://up.boursy.com/uploads/2013-10...aily_d2de9.png
Hi everyone

GPBUSD daily
after the breakout at around 1.66700, the price plunged down more than 160 pips and touched the next support at 1.64591 which is the target of the bullish shark pattern. in the following days, we have to wait for any reactions of the price to the support.

http://up.boursy.com/uploads/2013-10...aily_2b5ba.png
BE HAPPY, MAKE HAPPY.
  • #396,260
  • Sep 3, 2014 1:50pm Sep 3, 2014 1:50pm
eu could be is bullish pull back this would b mighty interesting,
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD h4 (DFB).png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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