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Cable Update (GBPUSD)

  • #423,661
  • Feb 9, 2016 2:44am Feb 9, 2016 2:44am
Quoting amonshi
Time to sell now
Maybe not yet, the price is holding at the 10-day moving average however is being compressed by the 10 and 50 day moving averages with a 166 pip range.
  • #423,662
  • Feb 9, 2016 2:47am Feb 9, 2016 2:47am
weekly pivot level at 1.4464 may hold out as of yet, although there has been quite a strong pull back to this level so far today
  • #423,663
  • Feb 9, 2016 2:50am Feb 9, 2016 2:50am
I would really like another long setup around 1.4425... Could set up like 30-45 minutes off or so.

A move like that generates so much excitement it takes a while for the market to calm down and pull back.
"Don't fear a bubble until it starts to burst."
  • #423,664
  • Feb 9, 2016 3:02am Feb 9, 2016 3:02am
A H4 uptrend won't be confirmed until sometime morning session at the earliest, there is no reason to expect prices to stick to the highs and run, yet...

Attached Image (click to enlarge)
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"Don't fear a bubble until it starts to burst."
  • #423,665
  • Feb 9, 2016 3:08am Feb 9, 2016 3:08am
Be careful guys, you never know with megaphone patterns if they are completed or will continue to expand again. They are not exactly the most stable patterns in the world, lol...

Attached Image (click to enlarge)
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"Don't fear a bubble until it starts to burst."
  • #423,666
  • Feb 9, 2016 3:11am Feb 9, 2016 3:11am
happy tuesday to you all , lets see if we can toss some up in the air today if you get that ???
  • #423,667
  • Feb 9, 2016 3:18am Feb 9, 2016 3:18am
Attached Image (click to enlarge)
Click to Enlarge Name: 1t.png Size: 70 KB
one of my trades move to free trade asap before the news watch the lines for fail,
  • #423,668
  • Feb 9, 2016 3:21am Feb 9, 2016 3:21am
Quoting elbert3
{image} one of my trades move to free trade asap before the news watch the lines for fail,
Wow that 1.4460 level must have collection of sellers, on your chart at 61.8 fib, also at weekly pivot level and on your TL
  • #423,669
  • Feb 9, 2016 3:29am Feb 9, 2016 3:29am
Quoting elbert3
{image} one of my trades move to free trade asap before the news watch the lines for fail,
Attached Image (click to enlarge)
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if it goes up watch that 61% if it hits it and sell off quick then that where i will be going , pass then above target 4559 and 4600 fail 4350 then it might even see 4080
  • #423,670
  • Feb 9, 2016 4:08am Feb 9, 2016 4:08am
That was a exhausting long time for the market to get from 1.4425 to 1.4450 again...
"Don't fear a bubble until it starts to burst."
  • #423,671
  • Feb 9, 2016 4:16am Feb 9, 2016 4:16am
Yes daily pivot and round number is acting as resistance.
But if we finally break then quick move to 1.4490 - 14500 ?

Attached Image
I might be wrong , I have been wrong before
  • #423,672
  • Feb 9, 2016 4:25am Feb 9, 2016 4:25am
Quoting Mandariin
Yes daily pivot and round number is acting as resistance. But if we finally break then quick move to 1.4490 - 14500 ? {image}
If were going to make that breakout upward... I wouldn't expect it until around the close of European session. That would be just under six hours off.
"Don't fear a bubble until it starts to burst."
  • #423,673
  • Feb 9, 2016 4:26am Feb 9, 2016 4:26am
Quoting meanvel
That was a exhausting long time for the market to get from 1.4425 to 1.4450 again...
great
  • #423,674
  • Feb 9, 2016 4:30am Feb 9, 2016 4:30am
Quoting meanvel
{quote} If were going to make that breakout upward... I wouldn't expect it until around the close of European session. That would be just under six hours off.

Expect nothing, be prepared for everything .
SAMURAI TRADER’S MAXIM
I might be wrong , I have been wrong before
  • #423,675
  • Feb 9, 2016 4:36am Feb 9, 2016 4:36am
Finally, bulls arrived! I am not holding anything long past 75... Waiting for retrace again before another long. Good luck to those letting it ride!
"Don't fear a bubble until it starts to burst."
  • #423,676
  • Feb 9, 2016 4:40am Feb 9, 2016 4:40am
AFter this trade is closed at 145 the first thing i am going to do is find a trading room where people like to trade and not offer bullshit opinions which are so off the mark it is scary - sincerely i hope that any new traders will learn a valuable lesson here trade your own trades and never listen to other people who post opinions after bullshit opinions which for the most part are wrong and dangerous.

These 2 buys will total 120 pips net.
Thats enough for me and then i am gonna close the door here.

examples

If were going to make that breakout upward... I wouldn't expect it until around the close of European session. That would be just under six hours off.

and 30 mins later

Finally, bulls arrived! I am not holding anything long past 75... Waiting for retrace again before another long. Good luck to those letting it ride!

THESE TRADERS ARE DANGEROUS TRADERS end off.
  • #423,677
  • Feb 9, 2016 4:42am Feb 9, 2016 4:42am
Quoting velit
{quote} great
I hate holding positions that are moving slowly... It's a pain. Time = Risk.
"Don't fear a bubble until it starts to burst."
  • #423,678
  • Feb 9, 2016 4:44am Feb 9, 2016 4:44am
Quoting dean1star
AFter this trade is closed at 145 the first thing i am going to do is find a trading room where people like to trade and not offer bullshit opinions which are so off the mark it is scary - sincerely i hope that any new traders will learn a valuable lesson here trade your own trades and never listen to other people who post opinions after bullshit opinions which for the most part are wrong and dangerous. These 2 buys will total 120 pips net. Thats enough for me and then i am gonna close the door here. examples If were going to make that breakout...
If you have a problem with others thoughts influencing your trades, then it's your problem.
"Don't fear a bubble until it starts to burst."
  • #423,679
  • Feb 9, 2016 4:51am Feb 9, 2016 4:51am
Quoting dean1star
AFter this trade is closed at 145 the first thing i am going to do is find a trading room where people like to trade and not offer bullshit opinions which are so off the mark it is scary - sincerely i hope that any new traders will learn a valuable lesson here trade your own trades and never listen to other people who post opinions after bullshit opinions which for the most part are wrong and dangerous. These 2 buys will total 120 pips net. Thats enough for me and then i am gonna close the door here. examples If were going to make that breakout...
yes that's true, fed up with those smart ones. i join you, please let me know yours. thanks
  • #423,680
  • Feb 9, 2016 4:53am Feb 9, 2016 4:53am
Quoting meanvel
{quote} If you have a problem with others thoughts influencing your trades, then it's your problem.
Just have a problem with traders who cant trade.
And hide that fact in their opinions.

When these two final trades close at 145 thats a total of

450 pips since last Thursday.

Problem - i certainly dont have a problem my friend.

Beautifull wife, adorable kids, and a lifestyle you can only dream off.

BTW all trades were put up before the event for all too see and not after if you know what i mean.
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