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Cable Update (GBPUSD)

  • #420,741
  • Oct 22, 2015 4:53am Oct 22, 2015 4:53am
Quoting Bones
been on a bull run for well over a week ,your not going to be able to dissect that data {quote}
bull run??? not until we get past 1.56 which is looking more and more difficult. today is all about the euro. another opportunity to short into the press release
  • #420,742
  • Oct 22, 2015 4:55am Oct 22, 2015 4:55am
I'm talking about the pound not cable

Quoting giveachance
{quote} bull run??? not until we get past 1.56 which is looking more and more difficult. today is all about the euro. another opportunity to short into the press release
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,743
  • Oct 22, 2015 4:56am Oct 22, 2015 4:56am
interesection of the two tl's is where the move corrected to. next move depends on ecb. this is H4 by the way
Attached Image
  • #420,744
  • Oct 22, 2015 4:56am Oct 22, 2015 4:56am
its not fantastically clear ,mind the open ,the low and high are defended ,
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,745
  • Oct 22, 2015 5:00am Oct 22, 2015 5:00am
but gbp

Quoting Bones
I'm talking about the pound not cable {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXWeekly.png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,746
  • Edited 5:17am Oct 22, 2015 5:02am | Edited 5:17am
152 500 was my last confirmed buy on the GBPUSD - Oct 13th.

On the long range system, so in this moment it does appear if your a long term trader that potentially the Bulls are in control.

That's potentially with a Capital P.

However short term trade put up here from yesterday untill today grossed 80 pips, closing the buy at 155 as forecast.

No complaints here.
  • #420,747
  • Oct 22, 2015 5:27am Oct 22, 2015 5:27am
Positive retail sales and GBPUSD fails to make any significant gains. Good news and minimum follow through says the bears still have control. I suspect we'll see a sharp move to the downside before the week is out. Nobody ever really knows, but you have to look at the psychology of the market participants behind the price action - who's getting tired and who's changing sides?
  • #420,748
  • Oct 22, 2015 5:33am Oct 22, 2015 5:33am
No fills? Anyone, anyone? Bueller?
  • #420,749
  • Oct 22, 2015 5:34am Oct 22, 2015 5:34am
Quoting Bones
they didn't ,even if they spent money working it out gotta be easy to carry out surveys or know where to look ,if you have money fundimental makes more sense , cables not doing anything outside its technical parameters {quote}
I don't think you are right about that, they actually do know what the data results are before the release because our source is brokers economic calendar, but for them 'big players' they get it from direct source. you can check out Bloomberg Trading terminal to see what I mean. Happy hunting
  • #420,750
  • Oct 22, 2015 5:35am Oct 22, 2015 5:35am
Quoting Bones
hybrid tl , {quote}
What's that?

I think todays' close is important

And tomorrows' even more so
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 25 KB
Come with me if you want to live....
  • #420,751
  • Oct 22, 2015 5:48am Oct 22, 2015 5:48am
Quoting Trader88q
come on guys. some kind of freak comes to market in 1 minute candle makes bilions and closes his fucking positions. Then that freak sinister laughing cause the rest waits days weeks and more to get few pips. only because of this i hate this market look u risk and wait u really loose and earn less. i want to find this freaks and kill them really.
You will never find me
Come with me if you want to live....
  • #420,752
  • Oct 22, 2015 5:49am Oct 22, 2015 5:49am
Quoting FxMegaCB
{quote} I don't think you are right about that, they actually do know what the data results are before the release because our source is brokers economic calendar, but for them 'big players' they get it from direct source. you can check out Bloomberg Trading terminal to see what I mean. Happy hunting
From my previous Employment, I know this to be the case also. Likewise agreed.
  • #420,753
  • Oct 22, 2015 6:04am Oct 22, 2015 6:04am
its a cross of using close for tl ,and highs


Quoting Ill-b-back
{quote} What's that? I think todays' close is important And tomorrows' even more so {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,754
  • Oct 22, 2015 6:13am Oct 22, 2015 6:13am
GBP if he broke a consolidation, possible targets
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 192 KB
  • #420,755
  • Oct 22, 2015 6:21am Oct 22, 2015 6:21am
right Bloomberg have the figures before ? your probably still thinking too small ,professional trader may have Bloomberg feed a bank makes its own ,I'm not talking forecast for a week or month either



Quoting FxMegaCB
{quote} I don't think you are right about that, they actually do know what the data results are before the release because our source is brokers economic calendar, but for them 'big players' they get it from direct source. you can check out Bloomberg Trading terminal to see what I mean. Happy hunting
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,756
  • Oct 22, 2015 6:49am Oct 22, 2015 6:49am
truth is I have no idea who is doing the fundamental work that counts ,all I know is everybody uses a chart ,how the chart works is mind bogging considering how may ways you can read and yet it all comes together
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,757
  • Oct 22, 2015 6:57am Oct 22, 2015 6:57am
Todays move could be seen as a classic protection move.

Trading desk, traders they check with the analysts at the research junction. Hey guys whats your take on retail UK sales as a guide.
Plus potential 6 from 10. OK.
Technicals, whats the High on this range 155. OK

SO why dont we protect our postion and on a technical level take the price to the HIGH point whilst also understanding we have a pretty good case to argue after the fact that the news will be positive.

If the news is negative then fcuk we can sell from this high point.

Makes perfect sense to me. I can here the buts already ..
  • #420,758
  • Oct 22, 2015 7:00am Oct 22, 2015 7:00am
Quoting Dano12
GBP if he broke a consolidation, possible targets {image}
You are seeing it wrong, look at that.
Triple top, uptrend break, what else do you need to enter short?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 56 KB

Isn't it more logical?
LOL I don't believe in anything I've said.
What I see are lines placed there with nosense because as you can observe everyone see something different, even you if you look at the same picture, first time you see something, second time you see something different. So, what is the right prediction?
You can try to answer but in the end the right answer is out of the box, there is not right prediction.
  • #420,759
  • Oct 22, 2015 7:08am Oct 22, 2015 7:08am
HM...waiting for US data to set the trend for the day..
  • #420,760
  • Oct 22, 2015 7:12am Oct 22, 2015 7:12am
Quoting Bones
right Bloomberg have the figures before ? your probably still thinking too small ,professional trader may have Bloomberg feed a bank makes its own ,I'm not talking forecast for a week or month either {quote}
That was an example only to illustrate that we 'tiny traders' don't have the direct connection to real market while big traders do. There are actually other platforms that big fund traders have access to, something we can't and probably won't be able to afford. my 2 cents
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