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Cable Update (GBPUSD)

  • #400,941
  • Oct 1, 2014 3:48am Oct 1, 2014 3:48am
Quoting nAVIN2007
{quote} it is tough to take a long but on the monthly theres a descending trendline to around 1.6260 ish area..with ADP stuff..it is possible that price may head toward that area..which is kinda what im doing..i doubt this will go anywhere till US release the bigger news so may range till then.. lets see
Indeed, it's a bit of a speculative one into this bigass down move, but Ill keep my stop just below 1.600 to keep it in check. Cheers for the feedback
  • #400,942
  • Oct 1, 2014 3:49am Oct 1, 2014 3:49am
Quoting elbert3
{quote} morning Chris,,in work,, just had to give my it. man a drink to team view me lol,,they think i dont know these things,,
Morning Billy, work? Perish the thought bro. Some of the long gone young guns just don't know ya. You know how it is.
Ghost Rider - WWTBMD?
  • #400,943
  • Oct 1, 2014 3:49am Oct 1, 2014 3:49am
Quoting gjgjg
Anyone looking at going long here from a fib perspective? {image} {image} Edit: smallest lot long entered, Target ~ 1.66
I can see what you're saying - with price being at fib line in sand 76.8% of the SEP10/18 pullback - with the level matched on SEP16 low also - but, no - the pullback (being a pullback ) is part of the larger bear trend - there has been no PA clue to say bullish in the last 10 days or so. I'd like to see a reversal pattern play out before longs.

nb. - talking HTF: H4 and above, which would mean targets 80+ pips - not talking scalps here

GU H4
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  • #400,944
  • Oct 1, 2014 3:53am Oct 1, 2014 3:53am
bearish consolidation at this time
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,945
  • Oct 1, 2014 3:58am Oct 1, 2014 3:58am
I doubt ill have to take my hat off

Quoting Bones
id go as far as saying ill eat my hat next week too {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,946
  • Oct 1, 2014 3:58am Oct 1, 2014 3:58am
Quoting Bones
bearish consolidation at this time {image}
  • #400,947
  • Oct 1, 2014 3:58am Oct 1, 2014 3:58am
Quoting elbert3
{quote} no pain no gain,,,or in your sake pleasure then pain,, i know i was the same monday,,if you make any quick money go to bed ,,fruit juice was it ,,lol gl
yup fruit juice it is. I'm also having very hot choclate hoping to speed things up...but all I wanna do is go back home , LOL
Hear the music before the song is over ...
  • #400,948
  • Oct 1, 2014 3:59am Oct 1, 2014 3:59am
Quoting albchr
{quote} Morning Billy, work? Perish the thought bro. Some of the long gone young guns just don't know ya. You know how it is.
yes i know ,, we have annual inspection today so all hands on deck in the last meeting it was brought up that i should be more hands on again, plus the wife complaining about the time spent on this thread and the pc,, i had to get George to ,,sorry my neighbour to go into the house so i can link into my home pc this morning,lol,but thats crazzzzzy as on the way up here on the train i was getting withdrawal symptoms thinking no trading. so maybe i should have a hard look at things,even my gym workouts suffer as i constantly watch the pc , it been nearly 1 year and the return works out not as good as i thought , yes big wins but big losers too, so maybe at the end of this week i will make the decision.SAD B
  • #400,949
  • Oct 1, 2014 4:00am Oct 1, 2014 4:00am
Quoting Bones
bearish consolidation at this time {image}
Agreed with your analysis.

Will wait to place the next short.
"It is not enough to have a good mind; the main thing is to use it well"
  • #400,950
  • Oct 1, 2014 4:02am Oct 1, 2014 4:02am
Quoting globalmacro
{quote} yup fruit juice it is. I'm also having very hot choclate hoping to speed things up...but all i wanna do is go back home , lol
do you trade from an office ,,???the same as me,,today lol .. If i get caught there will be uproar,, so in top office out the way , i can hear them coming up the stairs shhhh lol
  • #400,951
  • Oct 1, 2014 4:04am Oct 1, 2014 4:04am
Quoting albchr
{quote} I'm with ya there GM. Although you got in 4 pips higher than me.
Yours is a good entry as well , Chris. Congrats
Hear the music before the song is over ...
  • #400,952
  • Oct 1, 2014 4:05am Oct 1, 2014 4:05am
opposing pins ,bearish consolidation
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,953
  • Oct 1, 2014 4:06am Oct 1, 2014 4:06am
Quoting gjgjg
Anyone looking at going long here from a fib perspective? {image} {image} Edit: smallest lot long entered, Target ~ 1.66
hi ,i can see where your coming from a trend has to start and finish somewhere ,we just need to keep looking ,,regards E
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  • #400,954
  • Oct 1, 2014 4:08am Oct 1, 2014 4:08am
Quoting chazzle
{quote} I can see what you're saying - with price being at fib line in sand 76.8% of the SEP10/18 pullback - with the level matched on SEP16 low also - but, no - the pullback (being a pullback ) is part of the larger bear trend - there has been no PA clue to say bullish in the last 10 days or so. I'd like to see a reversal pattern play out before longs. nb. - talking HTF: H4 and above, which would mean targets 80+ pips - not talking scalps here GU H4 {image}
Thanks for the perspective chazzle, I don't doubt high chance of being wrong here due to the ongoing bear stampede. but with the small lot size I figure its worth a cheap punt as the fibs have been more or less holding up this last while on GU. My only other rational is that most people are short right now Sometimes thats enough on its own!lol
cheers
  • #400,955
  • Oct 1, 2014 4:09am Oct 1, 2014 4:09am
Quoting elbert3
{quote} yes i know ,, we have annual inspection today so all hands on deck in the last meeting it was brought up that i should be more hands on again, plus the wife complaining about the time spent on this thread and the pc,, i had to get George to ,,sorry my neighbour to go into the house so i can link into my home pc this morning,lol,but thats crazzzzzy as on the way up here on the train i was getting withdrawal symptoms thinking no trading. so maybe i should have a hard look at things,even my gym workouts suffer as i constantly watch the pc ,...
Yeah when you're having withdrawals (other than drink?? lol) it's time to step back a bit and gather some perspective. I'm coming to the conclusion I need to hold off trading for a while. Just way too much going on here with everything. Loosing my focus and it's costing me normal profits in the end. Thought I could take it all on and trade too but, guess I was wrong?
Ghost Rider - WWTBMD?
  • #400,956
  • Oct 1, 2014 4:13am Oct 1, 2014 4:13am
Quoting GlobalMacro
{quote} Yours is a good entry as well , Chris. Congrats
Thanks GM. Just remind me not to put these stupid lines in the way all the time. Price keeps bouncing off the darn things. Thought that news spike would take out 1.61608 but nope. You think maybe a softer shade of yellow would have helped?
Attached Image
Ghost Rider - WWTBMD?
  • #400,957
  • Oct 1, 2014 4:15am Oct 1, 2014 4:15am
Quoting Bones
I doubt ill have to take my hat off {quote}
i seeing a possibility of a reversal its slim but if it does it might be here..however longer term charts suggest it is against the trend..

looking for 1.63 (slim probability)
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  • #400,958
  • Oct 1, 2014 4:19am Oct 1, 2014 4:19am
Quoting elbert3
{quote} hi ,i can see where your coming from a trend has to start and finish somewhere ,we just need to keep looking ,,regards E {image}
Indeed. I was never that fashionable anyway!
Thanks elbert!
  • #400,959
  • Oct 1, 2014 4:19am Oct 1, 2014 4:19am
Quoting elbert3
{quote} do you trade from an office ,,???the same as me,,today lol .. If i get caught there will be uproar,, so in top office out the way , i can hear them coming up the stairs shhhh lol
It's a better to trade that way, yeah Billy. You ought to find a quiet corner in your company where you can trade undisturbed. Will do wonders to your trading.
Hear the music before the song is over ...
  • #400,960
  • Oct 1, 2014 4:20am Oct 1, 2014 4:20am
Quoting albchr
{quote} Yeah when you're having withdrawals (other than drink?? lol) it's time to step back a bit and gather some perspective. I'm coming to the conclusion I need to hold off trading for a while. Just way too much going on here with everything. Loosing my focus and it's costing me normal profits in the end. Thought I could take it all on and trade too but, guess I was wrong?
yes no easy this past year out off work at 55 was just an excuse to get away from dealing with staff and letting my wife run it,,with manages too, sometimes i feel guilty when she leaves for work, even now i am no this where i should be getting ready for the 2pm inspection,,but i pay people to do that, if this shows signs now as going possibly wrong ,i think i will calculate where my years profit can safely be traded to a potential total loss ie,, 9k sl lets say 1.54 then leave it long ??lets get this day over ,,i have to work now so see you later Billy,,do any other traders have a same story ,, post it please ..
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