{quote} You just might be trying to catch a falling molten hot knife! Good luck
Cable Update (GBPUSD)
- #405,962
- Dec 15, 2014 10:33am Dec 15, 2014 10:33am
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Please check out my blog at https://from-zero-to-hero . net
- #405,964
- Dec 15, 2014 10:45am Dec 15, 2014 10:45am
{quote} You just might be trying to catch a falling molten hot knife! Good luck
- #405,966
- Dec 15, 2014 1:58pm Dec 15, 2014 1:58pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} BUMP Can anyone help me with this, sooner than later? There are 75 people on this thread now, and not a single one of you can help?!
@ GMT +2
- #405,967
- Dec 15, 2014 3:33pm Dec 15, 2014 3:33pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #405,968
- Dec 15, 2014 3:56pm Dec 15, 2014 3:56pm
{quote} Nice trading MaryAnne. I re-entered shorts on break of 1.5690 and closed for +45 and flat atm ... looking at hourly GB 10Y Gilts right now , GBP yields keep falling in a nice trend ( = = rising wedge in Gilts terms) ... makes a good case for 1.5575 imo , whatcha think? {image}
Hiya, I am actually testing another system I suddenly had an inspiration over the weekend... based on it, the decline was actually to negate the recent rise we saw past week. It was above RT 50 fibo fan (on way to 61.8) but now due to this drop we got to around 38.2 (based on bigger TF) which strangely is in tandem with EURUSD now. My chart is pretty messy so bear with me for a while. Do bear in mind I am still noob and have a lot to learn from the pros here
man how come I cant get the images to display like you guys. No fair... http://i.gyazo.com/fbca6eb47aa4c52475f2f5c33a678ef5.pngI dont look at yields cos I still cant figure out the relationship with currency (too noob) but I looked at cross pairs, i.e. EURGBP and its very interesting. The rise today was to "test" (2nd attempt) fibo fan 38.2 again (confluence with other factors) which it failed... so you are probably right. GU should rise a bit before next fall... Yet what I see is the rise capped by .5768 and .5815 for now, unless we have big change in fundamentals. The cap will update itself everyday, in line with the EMA and fibo though so it isn't fixed.
one thing I cant figure out, is why EMA on same settings gives me such different prices on different brokers. 20-40 pips difference
ps: You did great shorting on break of .5690
- #405,969
- Dec 15, 2014 4:33pm Dec 15, 2014 4:33pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} Hiya, I am actually testing another system I suddenly had an inspiration over the weekend... based on it, the decline was actually to negate the recent rise we saw past week. It was above RT 50 fibo fan (on way to 61.8) but now due to this drop we got to around 38.2 (based on bigger TF) which strangely is in tandem with EURUSD now. My chart is pretty messy so bear with me for a while. Do bear in mind I am still noob and have a lot to learn from the pros here
Hear the music before the song is over ...
- #405,970
- Dec 15, 2014 4:45pm Dec 15, 2014 4:45pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Please check out my blog at https://from-zero-to-hero . net
- #405,974
- Dec 16, 2014 8:16am Dec 16, 2014 8:16am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
shorted some for 5700... hmm
Hero calls followed by margin calls...
- #405,976
- Dec 16, 2014 1:28pm Dec 16, 2014 1:28pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
It looks like correction is over...
but it has some support on purple line.
And also possible bull flag.
but it has some support on purple line.
And also possible bull flag.
- #405,977
- Dec 16, 2014 1:46pm Dec 16, 2014 1:46pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
In fact i believe this might be the correct count.
I will try one on the apex.
I will try one on the apex.
- #405,978
- Dec 16, 2014 3:58pm Dec 16, 2014 3:58pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
about the flag...
