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Cable Update (GBPUSD)

  • #424,461
  • Feb 18, 2016 7:56am Feb 18, 2016 7:56am
I could tell you theres not one single tl on that chart ,you take offence

Quoting Ill-b-back
A more complete picture I think {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,462
  • Feb 18, 2016 8:00am Feb 18, 2016 8:00am
Ill-b-back and Bones, there is no need to quarrel because we won't get anywhere. Both of you have different strategies, that doesn't mean that one of you is wrong. This thread doesn't see much action anyway. I say we brainstorm together in order to make the best out of the market. Cheers.
  • #424,463
  • Feb 18, 2016 8:00am Feb 18, 2016 8:00am
I could tell you that's a powerful pattern ,

Quoting Bones
Ive done my homework ,doji cross I know is powerful ,ive looked to other examples on this chart , and now I see day 1 ,not touch eur long no matter who's speech is up next , in my opinion and based on past such candles ,it could only go to the top maybe just past in all probability ,its something of a problem for bulls medium term {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXWeekly.png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,464
  • Feb 18, 2016 8:07am Feb 18, 2016 8:07am
Trade on .. 143 700

Stop loss in place and position trade ..
  • #424,465
  • Feb 18, 2016 8:21am Feb 18, 2016 8:21am
Quoting Kajos2250
{quote} GU H4 GMT+2 bet the last bearish marubozu, sell limit .4380, invalidation close above ~4500, targetting ~4150... good luck!
GU H4 GMT+2

bottom diamond first target reached, sell limit triggerded, invalidation remains.
book some or pull the BE .4338 where the bulls of last belt hold are.
hope ~4365 resistance can hold...

good luck!
Anything is math!
  • #424,466
  • Feb 18, 2016 8:22am Feb 18, 2016 8:22am
Quoting skyhok
Kept two longs and added one, and let them do the work. 1.4480 is quite do-able. But then I'm bias while holding longs. {image}
Sky, how did you come up with your analysis(ie the lines you drew and target)? I like it.
  • #424,467
  • Feb 18, 2016 8:23am Feb 18, 2016 8:23am
You shorting too dean? I shorted 1.4378. That was a great little setup there. I don't really expect the market to go down until next week, but you never know late day on Fridays...
"Don't fear a bubble until it starts to burst."
  • #424,468
  • Feb 18, 2016 8:31am Feb 18, 2016 8:31am
Ok, going to sleep for real now. Bulls will be back in force somewhere around 1.4300... +- 20 pips, lol... Rough estimate.

We almost made it to 1.44, we just ran out of steam a few inches away!
"Don't fear a bubble until it starts to burst."
  • #424,469
  • Feb 18, 2016 8:32am Feb 18, 2016 8:32am
Quoting meanvel
You shorting too dean? I shorted 1.4378. That was a great little setup there. I don't really expect the market to go down until next week, but you never know late day on Fridays...
Well you got a good position to short from..
Playing this out tomorrow .. does not mean i am right of course ..
But its a break even trade worse case scenario ..
  • #424,470
  • Feb 18, 2016 8:32am Feb 18, 2016 8:32am
Quoting dean1star
Trade on .. 143 700 Stop loss in place and position trade ..
Were's the exit? 320 310ish~?
  • #424,471
  • Feb 18, 2016 8:37am Feb 18, 2016 8:37am
Quoting FXSayWhat
GBPUSD today https://www.youtube.com/watch?v=ax6d36GTTPg Starting my trading YouTube blog with a demo account. Hope you like it, and feel free to join me, and let me know what you think always. cheers.
What's the name of the soundtrack?
  • #424,472
  • Feb 18, 2016 8:40am Feb 18, 2016 8:40am
As for my rational for shorting that second attempt over 75... Market achieved extreme price pressure. When things get that out of hand, the bubble has to keep inflating, or the market fails and retraces...

There is no patterns people... Bulls just come in until they run out of money and new buyers fail to be attracted, then it goes the other way... Until bears run out of money, and no more sellers are attracted. Price just pushes up as far as it can, and down as far as it can... Ying-Yang. There is no patterns except price pushing up/down for different lengths of time which can be compared... Which is the only pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: lostPricePressure.png Size: 15 KB
"Don't fear a bubble until it starts to burst."
  • #424,473
  • Feb 18, 2016 8:41am Feb 18, 2016 8:41am
Quoting djxput
{quote} Were's the exit? 320 310ish~?
Looking at 143 000 exit one and
142 500 if we go there exit two.

But if it goes higher then calculate worst case scenario we break even so worth the risk.

Calculation being draw a straight line and then
  • #424,474
  • Feb 18, 2016 8:55am Feb 18, 2016 8:55am
right end of day your be posting saying thats not bullish morning star d1


Quoting meanvel
As for my rational for shorting that second attempt over 75... Market achieved extreme price pressure. When things get that out of hand, the bubble has to keep inflating, or the market fails and retraces... There is no patterns people... Bulls just come in until they run out of money and new buyers fail to be attracted, then it goes the other way... Until bears run out of money, and no more sellers are attracted. Price just pushes up as far as it can, and down as far as it can... Ying-Yang. There is no patterns except price pushing up/down for different...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,475
  • Feb 18, 2016 8:59am Feb 18, 2016 8:59am
Quoting Kajos2250
{quote} GU H4 GMT+2 bottom diamond first target reached, sell limit triggerded, invalidation remains. book some or pull the BE .4338 where the bulls of last belt hold are. hope ~4365 resistance can hold... good luck!
Very tight clean close just below wS1 +mPivot on both H4 and H1 for short
Book +45
Will likely re-test wS1 +mPivot or RN1.4400 + dR2 because we are ranging right now(?)

You're Fibs execution is top notch!
Attached Image (click to enlarge)
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  • #424,476
  • Feb 18, 2016 9:16am Feb 18, 2016 9:16am
Quoting Bones
right end of day your be posting saying thats not bullish morning star d1 {quote}
Know what your saying about the Daily candle for sure Tony - worth the risk though
  • #424,477
  • Feb 18, 2016 9:16am Feb 18, 2016 9:16am
Quoting djxput
{quote} Sky, how did you come up with your analysis(ie the lines you drew and target)? I like it.
Long story, sent you a pm on that already.
Elliott Wave for optimum entry, exit and risk management of trades
  • #424,478
  • Feb 18, 2016 9:26am Feb 18, 2016 9:26am
Quoting Bones
right end of day your be posting saying thats not bullish morning star d1 {quote}
Hmmm...
Attached Image (click to enlarge)
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  • #424,479
  • Feb 18, 2016 9:28am Feb 18, 2016 9:28am
cable is wavering where you might think ,could be Dean ,only timing in this next 12 hours no way id look to sell a break up like that

Quoting dean1star
{quote} Know what your saying about the Daily candle for sure Tony - worth the risk though
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,480
  • Feb 18, 2016 9:43am Feb 18, 2016 9:43am
gbp/usd h4 .i am accepting 50-70 pips up movement and then again join the rally.
Attached Image (click to enlarge)
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