Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#410,981
Mar 6, 2015 5:19am Mar 6, 2015 5:19am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting elbert3

Disliked

{quote} try long here , sl on the low might get a small run,?

Ignored

not my cup of tea,

but we trade differently.

In Australia, I can't watch my computer enough for little trades and I don't have the skill set for it.

Since I started basing my directional bias off weekly charts then drilling down for entries, using smaller lot size and giving the trade a broader scope to behave as expected, my results have improved significantly.

Come with me if you want to live....

#410,982
Mar 6, 2015 5:24am Mar 6, 2015 5:24am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting Ill-b-back

Disliked

{quote} not my cup of tea, but we trade differently. In Australia, I can't watch my computer enough for little trades and I don't have the skill set for it. Since I started basing my directional bias off weekly charts then drilling down for entries, using smaller lot size and giving the trade a broader scope to behave as expected, my results have improved significantly.

Ignored

thats what it is about improvement , as long as your in the game then great,,well done ,

#410,983
Mar 6, 2015 5:32am Mar 6, 2015 5:32am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting elbert3

Disliked

{quote} thats what it is about improvement , as long as your in the game then great,,well done ,

Ignored

Thanks Elbert, been a long road just like for most people.

Forex is like heroin I yells ya

There is quite a good (projected) Pitchfork brewing though, assuming we get down there.

Attached Image (click to enlarge)

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Come with me if you want to live....

#410,984
Mar 6, 2015 6:05am Mar 6, 2015 6:05am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

short and rejected quickly on the 5 min , getting into position ?? ,or expectant bad nfp from the states

#410,985
Mar 6, 2015 6:09am Mar 6, 2015 6:09am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

http://www.fxstreet.com/news/forex-n...c-f39de81c93ee

#410,986
Mar 6, 2015 6:14am Mar 6, 2015 6:14am

Avir
Joined Feb 2012 | Status: Trader | 5,619 Posts

Good Afternoon!

Today's S/R Levels on MT4 Templates

EURO
CABLE
USDJPY
GOLD

http://www.forexfactory.com/showthre...10#post8116210

EURO PINK
CABLE PINK

FX is a Bitc*h!, No one keeps me wake all night but FX does!!

#410,987
Mar 6, 2015 6:24am Mar 6, 2015 6:24am

sakisf
Joined Sep 2013 | Status: boreddddd | 3,137 Posts

Quoting elbert3

Disliked

http://www.fxstreet.com/news/forex-n...c-f39de81c93ee

Ignored

There are more on it:

http://www.efxnews.com/story/28171/w...15-major-banks

Most are going for a 250k.

#410,988
Mar 6, 2015 6:32am Mar 6, 2015 6:32am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting sakisf

Disliked

{quote} There are more on it: http://www.efxnews.com/story/28171/w...15-major-banks Most are going for a 250k.

Ignored

like 235 myself and 5220 before the news ???lol

#410,989
Mar 6, 2015 6:36am Mar 6, 2015 6:36am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

oh well going down first... either bottom today at 15086 or we will see 15107 today and monday dip below too 15086 creating the inverse h and s... either way am looking for 15086 and hope that will be the bottom

#410,990
Mar 6, 2015 6:42am Mar 6, 2015 6:42am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Quoting Ill-b-back

Disliked

{quote} If bad nfp spikes us to 5280 area(ish), I'll look to short {image} {image} {image}

Ignored

We got no chance of seeing 15280 today as we have broken below support.. we will be lucky too see 15244... I think it might pullback too 15234 then fall too 15107/15086... 15086 is the figure I am looking for either today ro Monday.. if it happens today then 15107 will be the retracement off prob 15167 area... but if it only gets too 15107 today then that area of 15160 will push as down for one more push say 15087 creating the inverse H and S....

Either way don't see this getting above 15244 area today..... might spike down immediately to the 15107/15087 and then be buys and never get too 15233 today...

Either way if 1.5233 I will make a decision to short but will prob wait for it too get back too 19196 or below and retrace too 1.5215 off the initial short then I will short this level and stop behind the initial spike high.

If it falls down say too 15144 then I will need to take the 15162/67 area short to 15106/15086... although I can see it getting back higher than 15280 off 15086

#410,991
Mar 6, 2015 7:12am Mar 6, 2015 7:12am

RussJ
| Joined Apr 2013 | Status: Trader | 843 Posts

Quoting Ill-b-back

Disliked

I'm thinking 1.5091(ish) for a buy. Puts the 23.6 fib retrace back up around the 1.52 mark in a very good resistance spot also {image} {image}

Ignored

yep got the same 15086.. might happen Monday though.. may only get too 15107 today but do expect 15086 either today or Monday

#410,992
Mar 6, 2015 7:16am Mar 6, 2015 7:16am

Zappa
Joined Nov 2007 | Status: Trader | 1,984 Posts

At this point I'm willing to try and pick a bottom with tight stops and half size. I want to get a good base for the anticipated big move up. I can and will add size when market has moved my way.

#410,993
Mar 6, 2015 7:18am Mar 6, 2015 7:18am