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Cable Update (GBPUSD)

  • #403,081
  • Oct 15, 2014 7:02pm Oct 15, 2014 7:02pm
Closed it. small scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM1.png Size: 58 KB
Intraday only.
  • #403,082
  • Oct 15, 2014 7:13pm Oct 15, 2014 7:13pm
More closed with ++++
Intraday only.
  • #403,083
  • Oct 15, 2014 8:12pm Oct 15, 2014 8:12pm
Close to being calling it " a day " already in Asian session.
Intraday only.
  • #403,084
  • Oct 15, 2014 8:37pm Oct 15, 2014 8:37pm
up or down white lines are my target
https://charts.mql5.com/5/963/gbpusd...nvestments.png
  • #403,085
  • Oct 15, 2014 9:11pm Oct 15, 2014 9:11pm
Quoting nAVIN2007
what the hell happened?
There are two forces at work right now. One is the equities sell off which means people go to cash, so Sterling drops. Traders weren't casually selling, they were dumping on NY open which created the volatility. The other is the Dollar bear camp who are betting the Fed is going to push back rate hike to 2016 and a possible QE4 based on weak economic data. So if Yellen even hints at a rate hike delay or that the punch bowl is going back on the table, we're going back up with a vengeance. We have 5 Fed speakers lined up today.

I'm shifting into the bull camp and waiting on the signal to go. Fundamentally, what I mentioned above is my trigger, and on the Daily chart, price will reflect that. As a position trader it takes patience to wait for the right timing to start building your position. Never guess, never trade based on what you think the market might do. Just take the signal based on appropriate fundamentals. I gave my reasoning for shorts at the end of Q2 but now we are getting close to the next potential secular shift. I'm looking for the reversal in the 5900 - 5700 area (5720 is my optimal target). If we have a black swan like a full scale crash or an Ebola outbreak in the US all regular fundamentals are off the table. But if things play out normally, which they usually do, this is my plan.

Maybe I'll stop back in around the holidays but if I don't, have a great New Year!
  • #403,086
  • Oct 15, 2014 10:18pm Oct 15, 2014 10:18pm
Quoting ill_be_back
{quote} Max DOWN I have is 1.58837,
GU
Was POSTED on 10th AUG
A good trader follows his rules, but great trader knows when to break them
  • #403,087
  • Oct 15, 2014 10:34pm Oct 15, 2014 10:34pm
Short GJ.
Intraday only.
  • #403,088
  • Oct 15, 2014 10:36pm Oct 15, 2014 10:36pm
Quoting navk
Short GJ.
?
I just added another LONG
A good trader follows his rules, but great trader knows when to break them
  • #403,089
  • Oct 15, 2014 11:09pm Oct 15, 2014 11:09pm
Quoting ill_be_back
{quote} ? I just added another LONG
May be I am wrong, but I see that it is going to 168.00
Intraday only.
  • #403,090
  • Oct 15, 2014 11:13pm Oct 15, 2014 11:13pm
We have contrasting views, anyways, Let me see if it moves down, or I will get out.
The mistake what we do is, we take trades when it does not say any direction.
Intraday only.
  • #403,091
  • Oct 15, 2014 11:17pm Oct 15, 2014 11:17pm
Break of 169.75/80 is bullish, but currently flat.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 61 KB
Intraday only.
  • #403,092
  • Oct 15, 2014 11:23pm Oct 15, 2014 11:23pm
How about gbpusd guys? u guys short or long?
  • #403,093
  • Oct 16, 2014 12:24am Oct 16, 2014 12:24am
Quoting dindang2win
How about gbpusd guys? u guys short or long?
Hello Ding

Still got under water longs 1.597 to 1612 etc

We burst needed

Hopefully it keeps climbing
  • #403,094
  • Oct 16, 2014 12:38am Oct 16, 2014 12:38am
Quoting eliteincome
{quote} Hello Ding Still got under water longs 1.597 to 1612 etc We burst needed Hopefully it keeps climbing
I see.. Im going short tp at 1.5955.. Coz i see a false break there.
  • #403,095
  • Oct 16, 2014 12:39am Oct 16, 2014 12:39am
the weaker the currency is... the more you buy... thats how it works
  • #403,096
  • Oct 16, 2014 1:39am Oct 16, 2014 1:39am
Quoting eliteincome
{quote} Hello Ding Still got under water longs 1.597 to 1612 etc We burst needed Hopefully it keeps climbing
I see.. Im going short tp at 1.5955.. Coz i see a false break there.
  • #403,097
  • Oct 16, 2014 2:25am Oct 16, 2014 2:25am
Quoting Luther
{quote} There are two forces at work right now. One is the equities sell off which means people go to cash, so Sterling drops. Traders weren't casually selling, they were dumping on NY open which created the volatility. The other is the Dollar bear camp who are betting the Fed is going to push back rate hike to 2016 and a possible QE4 based on weak economic data. So if Yellen even hints at a rate hike delay or that the punch bowl is going back on the table, we're going back up with a vengeance. We have 5 Fed speakers lined up today. I'm shifting...
I like it..very well thought out
  • #403,098
  • Oct 16, 2014 3:07am Oct 16, 2014 3:07am
Quoting Kajos2250
{quote} Set BE, buy limit .5969 placed... Good luck! {image}
GU H4 GMT+3

Limit triggered too and got BE. Another Buy stop .6023, invalidation if price could close under ~5927...
Hoping yearly PP ~5982 can reject the bears for a while, and H4 bulish trend by my peak valley analysis can be extended.
Waiting the H4 close...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
Anything is math!
  • #403,099
  • Oct 16, 2014 4:07am Oct 16, 2014 4:07am
What do you think about this guys?

GU Monthly:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - Monthly (10.16.2014).PNG Size: 44 KB
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #403,100
  • Oct 16, 2014 4:07am Oct 16, 2014 4:07am
Quoting Kajos2250
{quote} GU H4 GMT+3 Limit triggered too and got BE. Another Buy stop .6023, invalidation if price could close under ~5927... Hoping yearly PP ~5982 can reject the bears for a while, and H4 bulish trend by my peak valley analysis can be extended. Waiting the H4 close... Good luck! {image}
GU H4 GMT+3

It managed to engulf and 2nd close above TL, let me strength, another buy stop .6027, buy limit .5985, invalidation unchanged...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
Anything is math!
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