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Cable Update (GBPUSD)

  • #399,381
  • Sep 19, 2014 8:31am Sep 19, 2014 8:31am
Pound was overvalued anyway. Referendum was just perfect timing tool to drive it down. As for going long after No vote- one has to understand that if everyone did the same move BUY, the currency would experience huge fluctuations which is not in the gov. best interest. After what George Soros did last time - it was a very good lesson to learn - therefore there must be some form of bank interconnecting controls to prevent this from happening again!

As for the way forward, yes it should go up if one can assume that people and markets are rational. But it has to follow a CYCLE first.
If you fall, I shall be there. - The floor
  • #399,382
  • Edited 12:07pm Sep 19, 2014 8:32am | Edited 12:07pm
Quoting TerpFan2
Good Morning Navin, 'Thought i'd sleep for once- Of Course, It'd have to be when this Mother Moves a couple-hundred pips Up& down... Navin, We're "Played" on that A-B-C Correction Brother. -Look how she "Tagged" that 1.6517 of a .786 on a Run-Up, on the "D", Day Chart! I see it look's as if we are in wave-b, gonna become a Wave-C, (?), "Potentially", on a retrace back-up, of the Down-Move, Best of Pippin, Navin &- "All", Jeff {image}
thanks bro!! yes always when we sleep the mofo awakes..some things are just consistant this way..
i am off to work jeff..have a good one pal..hopefully the mofo moves further south..pressure is there still..thank goodness

btw:- great observation jeff
  • #399,383
  • Sep 19, 2014 8:32am Sep 19, 2014 8:32am
"Good Grief Charlie Brown",

We've got two of us in here,
Posting Charts, -After the Party is about over,
and the Streamer's have "hit the floor"...! !

Hey Dano,
I Just happened to be "Scribbling" my chart,
& "Up Pop's Your's"... !

Anyway,
Here's my 5-Min Chart on What Dano's talking about,
on Wave "C", potenially, "North", -for just a 'tad,
That i'm in.
Best of Pippin' All...

Jeff I will "Scour your Chart Dano"
-'Haven't gotten to the pretty colored "Box" thing yet!
(Only on CD# 3) ! Best of All, -Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: 9_19_2014 GBP_USD 5_Min Chart Procection on Wave C AFTER Run Down.png Size: 29 KB
I will work to Objectively Identify my Edges
  • #399,384
  • Sep 19, 2014 8:41am Sep 19, 2014 8:41am
Quoting TerpFan2
Good Morning Navin, 'Thought i'd sleep for once- Of Course, It'd have to be when this Mother Moves a couple-hundred pips Up& down... Navin, We're "Played" on that A-B-C Correction Brother. -Look how she "Tagged" that 1.6517 of a .786 on a Run-Up, on the "D", Day Chart! I see it look's as if we are in wave-b, gonna become a Wave-C, (?), "Potentially", on a retrace back-up, of the Down-Move, Best of Pippin, Navin &- "All", Jeff {image}

if ABC no wave 3 - 4 - 5
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  • #399,385
  • Sep 19, 2014 8:43am Sep 19, 2014 8:43am
Good Deal Navin,

Me too... You're working Nights or "Swing Shift" eh?
Ugh...

Well,
Have a Good Day brother, 'All 'Best,
Jeff...

P.S. My Comments on the Day Chart, (On the LOWER, Portion),
Were Referring, Again, to '5 Min Chart.
-And Dano is Right, this could simply be wave-4 & i've "Jumped" the gun,
North and it's going down for Wave-5 on last, "Jaunt.".
Unclear on the Map at the moment, 'have to do some more "digging"! Jeff Out
I will work to Objectively Identify my Edges
  • #399,386
  • Edited 9:48am Sep 19, 2014 8:52am | Edited 9:48am
Quoting TerpFan2
"Good Grief Charlie Brown", We've got two of us in here, Posting Charts, -After the Party is about over, and the Streamer's have "hit the floor"...! ! Hey Dano, I Just happened to be "Scribbling" my chart, & "Up Pop's Your's"... ! Anyway, Here's my 5-Min Chart on What Dano's talking about, on Wave "C", potenially, "North", -for just a 'tad, That i'm in. Best of Pippin' All... Jeff I will "Scour your Chart Dano" -'Haven't gotten to the pretty colored "Box" thing yet! (Only on CD# 3) ! Best of All, -Jeff {image}
1.6460 from 1.6330

* edit, scrap that
  • #399,387
  • Sep 19, 2014 8:55am Sep 19, 2014 8:55am
Great Job,

Csip,
I Shouldda went long w/you that morning- yesterday i think,
when she was turning around for the "No" Vote.
Great Trade,
Best of All,

Jeff
I will work to Objectively Identify my Edges
  • #399,388
  • Sep 19, 2014 9:18am Sep 19, 2014 9:18am
Quoting TerpFan2
Good Deal Navin, Me too... You're working Nights or "Swing Shift" eh? Ugh... Well, Have a Good Day brother, 'All 'Best, Jeff... P.S. My Comments on the Day Chart, (On the LOWER, Portion), Were Referring, Again, to '5 Min Chart. -And Dano is Right, this could simply be wave-4 & i've "Jumped" the gun, North and it's going down for Wave-5 on last, "Jaunt.". Unclear on the Map at the moment, 'have to do some more "digging"! Jeff Out
if not 4 next target 16281 16300
  • #399,389
  • Sep 19, 2014 9:20am Sep 19, 2014 9:20am
Gonna have to break the wedge....

Looks like downside is favored...
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  • #399,390
  • Sep 19, 2014 9:32am Sep 19, 2014 9:32am
Quoting KeyframeHR
Monthly is surely interesting.
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so, whole next week down? Sounds like an opportune time for a flash crash/black swan/ninja turtles from today and following 7-8 weeks.
  • #399,391
  • Sep 19, 2014 9:45am Sep 19, 2014 9:45am
Quoting TerpFan2
Great Job, Csip, I Shouldda went long w/you that morning- yesterday i think, when she was turning around for the "No" Vote. Great Trade, Best of All, Jeff


There'll be more opportunities
  • #399,392
  • Sep 19, 2014 9:47am Sep 19, 2014 9:47am
Quoting Dano12
{quote} if not 4 next target 16281 16300
Roger that Dano,

I see what you got on the 240 / 4 Hr Chart...
I shouldn't have been Quoting "Bigger Trend",
-and then quoting little "Scalping" all in one post.

I got "burned-up",
Thinking i was hopping in a Wave-"C",
of this morning's "Reversal", back North, for a 'Tad.

This,
-When in fact it was the End of Wave-3, going for a Wave-4,
and "Down" she plummets, for some more.

'Would just want this is the end of Wave-5 of Wave-5!
-Then we get the A-B-C "North" again, for a "Few",
Best of all,

Jeff
I will work to Objectively Identify my Edges
  • #399,393
  • Sep 19, 2014 9:48am Sep 19, 2014 9:48am
Quoting KeyframeHR
{quote} so, whole next week down? Sounds like an opportune time for a flash crash/black swan/ninja turtles from today and following 7-8 weeks. {image}
What in God's name are you talking about?
  • #399,394
  • Sep 19, 2014 9:49am Sep 19, 2014 9:49am
Quoting Ill-b-back
Looking at daily and weekly I'll be watching out for this {image} {image}
Dont worry
im only 80 pips in profit
too bad it did t want to retest high for my second pending short oh well
gona be grateful for what market gives

ps. Btw i work in a treasury for an international bank in HK now
Attached Image (click to enlarge)
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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #399,395
  • Sep 19, 2014 9:56am Sep 19, 2014 9:56am
Quoting cspip
{quote} There'll be more opportunities
Roger That Csip,

There always will be, that's for sure... !
Best of All,

Jeff...
I will work to Objectively Identify my Edges
  • #399,396
  • Sep 19, 2014 10:12am Sep 19, 2014 10:12am
Quoting milano
FXCM server crashed and stopped working big BS.
Quoting gnomoneey
Orkney yes 4883 32% no 10xxx 67% 2/32 NO win FXCM sucks.....wont let you trade....Jason this is total BS
Quoting jackenorme
{quote} yeh, what shall we do, i am worried of my open position.
Quoting mclon
{quote} No problems here.
Quoting milano
FXCM station is back.
First, I want to apologize for the tech issues you experienced. FXCM is aware that some clients may have experienced technical issues from 01:40 to 02:37 GMT.


Quoting jackenorme
{quote} they should be held accountable for this. our money might go down the drain.
For those of you who had positions on your account that were negatively impacted by this, please submit a trade audit online, with the following information: ticket number, time, rate in which you wanted to exit and the amount disputed using the trade audit form on this page: http://support.fxcm.com/status/?CMP=...0000000MusRAAS

I don't wish to interrupt your discussion any further, but if you have further questions for me, please feel free to send me a PM or post in the FXCM discussion thread: http://www.forexfactory.com/showthre...86#post7750486


Thanks,
Jason
  • #399,397
  • Sep 19, 2014 10:14am Sep 19, 2014 10:14am
buddy play going on here...a lot of hedge for yes vote...need to fill them before heading north....
Peace & Pips
  • #399,398
  • Sep 19, 2014 10:15am Sep 19, 2014 10:15am
Quoting TerpFan2
{quote} Roger that Dano, I see what you got on the 240 / 4 Hr Chart... I shouldn't have been Quoting "Bigger Trend", -and then quoting little "Scalping" all in one post. I got "burned-up", Thinking i was hopping in a Wave-"C", of this morning's "Reversal", back North, for a 'Tad. This, -When in fact it was the End of Wave-3, going for a Wave-4, and "Down" she plummets, for some more. 'Would just want this is the end of Wave-5 of Wave-5! -Then we get the A-B-C "North" again, for a "Few", Best of all, Jeff
agree, wave 4 go down more, looking for long if it does not w4, but a new wave 1 so should be the correction of the wave 1 to wave 2, I'm waiting for next week or the wave 4 or it will be the new wave and the new structure wave
  • #399,399
  • Sep 19, 2014 10:39am Sep 19, 2014 10:39am
Agreed,
Dano,

Great Job...
And thank's for the input...

I'm looking to Squeek out past the 'back of the Wave,
here @__ 1.6352 a 23.6% of the Move Down. -We will see...

*If she "Pop's" More, i'm looking for
__ 1.6385 a 50% of the Move Down

Again,
We will see, Happy Friday,
All the Best,

Jeff
I will work to Objectively Identify my Edges
  • #399,400
  • Sep 19, 2014 11:15am Sep 19, 2014 11:15am
Quoting TerpFan2
Agreed, Dano, Great Job... And thank's for the input... I'm looking to Squeek out past the 'back of the Wave, here @__ 1.6352 a 23.6% of the Move Down. -We will see... *If she "Pop's" More, i'm looking for __ 1.6385 a 50% of the Move Down Again, We will see, Happy Friday, All the Best, Jeff
for the weekend, I do not have an open position, waiting for the test, the lower line of the channel, but if you break, need to change concepts
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