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Cable Update (GBPUSD)

  • #413,401
  • Apr 16, 2015 2:33am Apr 16, 2015 2:33am
Quoting Dano12
shs {image}
this is looking rather strange to me ????
  • #413,402
  • Apr 16, 2015 2:52am Apr 16, 2015 2:52am
Quoting elbert3
{quote} this is looking rather strange to me ????
consolidation here and pull back if the correction should push bears 100% fib or 1.61%
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  • #413,403
  • Apr 16, 2015 2:58am Apr 16, 2015 2:58am
Quoting Dano12
shs {image}
Do you mean it's a possible H&S formation?
Per aspera ad astra
  • #413,404
  • Apr 16, 2015 3:04am Apr 16, 2015 3:04am
Quoting jpadvisor
{quote} Do you mean it's a possible H&S formation?

yes small shs
  • #413,405
  • Apr 16, 2015 3:07am Apr 16, 2015 3:07am
Quoting elbert3
{quote} this is looking rather strange to me ????
see the time patience sl on BE and waiting for :nerd:bears
  • #413,406
  • Apr 16, 2015 3:11am Apr 16, 2015 3:11am
Quoting Dano12
{quote} see the time patience sl on BE and waiting for :nerd:bears
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invalidation above boxes
  • #413,407
  • Apr 16, 2015 3:11am Apr 16, 2015 3:11am
Inserted Video
  • #413,408
  • Apr 16, 2015 3:25am Apr 16, 2015 3:25am
Sold position yesterdays final high - lol no charts - no opinions just straight forward common sense trading lol ..

- come back end of the day .. u know what i mean the lifes way too beautifull to sit here all day
  • #413,409
  • Apr 16, 2015 3:28am Apr 16, 2015 3:28am
long @ 1.48369 with hedge. looks like will have to hold it through NY session as well
Attached Image
  • #413,410
  • Apr 16, 2015 3:39am Apr 16, 2015 3:39am
come on bears push the button
Attached Image (click to enlarge)
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  • #413,411
  • Apr 16, 2015 3:56am Apr 16, 2015 3:56am
Quoting Ill-b-back
Ideally I'd like to see the lower lines and fib supports broken off resistance. Let's see how she rolls {image} {image} {image} {image}
Do u actually trade or just post charts with arbitrary lines drawn ?

Can u explain why u draw the lines in such a way to match your comments , I would draw them differently.

While FIBO is a great way, daily pivots and R/S are equally important, plus EMAs.

I hope u made a few hundred pips on cable as I did, with more lots u may be able to pull in 1k USD average daily income.
  • #413,412
  • Apr 16, 2015 4:08am Apr 16, 2015 4:08am
here we go somewhere else nothing happens consolidation
  • #413,413
  • Apr 16, 2015 4:25am Apr 16, 2015 4:25am
I am stuck in AU & NU shorts so I can't add more on GU, but this is a nice shorting place with stop @1.4920 with open TP and good RR.
  • #413,414
  • Apr 16, 2015 4:30am Apr 16, 2015 4:30am
Quoting Dano12
here we go somewhere else nothing happens consolidation
NO consolidation hombre
its going up surely u can see this ..
  • #413,415
  • Apr 16, 2015 4:30am Apr 16, 2015 4:30am
Quoting Tradezilla
{quote} Do u actually trade or just post charts with arbitrary lines drawn ? Can u explain why u draw the lines in such a way to match your comments , I would draw them differently. While FIBO is a great way, daily pivots and R/S are equally important, plus EMAs. I hope u made a few hundred pips on cable as I did, with more lots u may be able to pull in 1k USD average daily income.
EDIT: I only have an $800 account so I think a $1K daily income is some way off.

yes of course I trade, I have been trading on and off since 2008. I posted a trade recently in euro thread.

Can I explain why I draw lines in such a way to match my comments???

That's an odd question.

If my lines didn't match my comments it would be confusing wouldn't it?

I agree, R/S are very important and if you take the time to study the recent charts I have posted in the Euro, EG, NZ and this thread, you will see I use Fibonacci on larger monthly timescales as well as smaller daily ones and I nearly always highlight their confluence with R/S levels. I highlight the confluence either in the text of the post or show the confluence on the chart through the rectangle shading tool or both.
I also like pivots (particularly on this pair) but I just don't use them.
I do Analysis on the above mentioned pairs because I enjoy the challenge but I only trade GBPUSD.
Anything else??
Come with me if you want to live....
  • #413,416
  • Apr 16, 2015 4:35am Apr 16, 2015 4:35am
Quoting Tradezilla
{quote} Do u actually trade or just post charts with arbitrary lines drawn ? Can u explain why u draw the lines in such a way to match your comments , I would draw them differently. While FIBO is a great way, daily pivots and R/S are equally important, plus EMAs. I hope u made a few hundred pips on cable as I did, with more lots u may be able to pull in 1k USD average daily income.
By the way, my lines are not arbitrary,

far from it
Come with me if you want to live....
  • #413,417
  • Apr 16, 2015 5:01am Apr 16, 2015 5:01am
Seems that the break of 1.4810 could force the GBPUSD towards testing sub-1.4700 marks soon.
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  • #413,418
  • Apr 16, 2015 5:11am Apr 16, 2015 5:11am
Quoting elbert3
{quote} Morning IB,, stopped out over night went in and out of 850, see if the 61% hold on the above chart , not sure yet where to get back in just up,,, is it your bed time now regards B
holding it now break the high from yesterday 4920 now i would say
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4967 ???
  • #413,419
  • Apr 16, 2015 5:25am Apr 16, 2015 5:25am
That went up quickly...

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  • #413,420
  • Apr 16, 2015 5:40am Apr 16, 2015 5:40am
Quoting Fx_Anil
Seems that the break of 1.4810 could force the GBPUSD towards testing sub-1.4700 marks soon. {image}
Seems you're way off the mark there, better rethink your chart reading
MAY THE TREND BE WITH YOU
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