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Cable Update (GBPUSD)

  • #427,141
  • Apr 1, 2016 5:32am Apr 1, 2016 5:32am
Well now I'm up 90 pips lol. Thanks BLS.
Holy grail: risk management
  • #427,142
  • Apr 1, 2016 5:33am Apr 1, 2016 5:33am
fuck, nfp has not been nice.

huston we have a problem.

i still don't care, unemployment rate went up, and the good nfp is probably just an seasonally adjusted crap, so eventually the market will get it right.

i hold the line
  • #427,143
  • Apr 1, 2016 5:34am Apr 1, 2016 5:34am
Quoting tunera
fuck, nfp has not been nice. huston we have a problem. i still don't care, unemployment rate went up, and the good nfp is probably just an seasonally adjusted crap, so eventually the market will get it right. i hold the line
Did you see that bearish PA on the daily chart though? I entered a short last night at the days close and now I'm up 90 pips.
Holy grail: risk management
  • #427,144
  • Apr 1, 2016 5:37am Apr 1, 2016 5:37am
Quoting tunera
fuck, nfp has not been nice. huston we have a problem. i still don't care, unemployment rate went up, and the good nfp is probably just an seasonally adjusted crap, so eventually the market will get it right. i hold the line
I see the USD regaining some bull action
Attached Image
  • #427,145
  • Apr 1, 2016 5:38am Apr 1, 2016 5:38am
Trades will usually go where they were headed anyways, regardless of the news! Retail traders like us get "excited" and trade heavily during this news. But to the "money", their are no surprises. Bias was down, so bias doesn't change. Before 1.4050, look at the bubble of stops even at 1.4120 area. These should at least be removed before a reverse in direction. Just my opinion...
  • #427,146
  • Apr 1, 2016 5:39am Apr 1, 2016 5:39am
i got my position and now i sit tight.

we're down 114 pips today already, i'm in for the bounce.

50/50

@mjbarr: good job with your short pal!


p.s.
i've even added some buys on the postnfp lows lelz
  • #427,147
  • Apr 1, 2016 5:50am Apr 1, 2016 5:50am
pretty gutsy move!!!
  • #427,148
  • Apr 1, 2016 5:52am Apr 1, 2016 5:52am
PA hit 100 pip TP. Done trading for the day. See yall next week =)
Holy grail: risk management
  • #427,149
  • Apr 1, 2016 5:52am Apr 1, 2016 5:52am
@Nealpek i like your stylish of prediction of market. I like to follow your market trend
  • #427,150
  • Apr 1, 2016 5:58am Apr 1, 2016 5:58am
The 2 "sweep or cleanup" areas below. My targets!!
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  • #427,152
  • Apr 1, 2016 6:05am Apr 1, 2016 6:05am
The head of head & shoulders pattern 18 March was the top of an ABC correction followed by wave 1 down and wave 2 up. The wave 3 down had completed 3 waves hitting Ichimoku spanb52 on the 4 hour chart. The wave 4 up completed at Ichimoku spanb52 on the 1 hour chart. Looking for 14180 span a26 to complete wave 5 within the much larger wave 3 with eventual target 13812. Reaching bottom of the 20 year h&s a bounce perhaps but possibly down to 70 cents
  • #427,153
  • Apr 1, 2016 6:08am Apr 1, 2016 6:08am
Last garbage of the day. We know the markets are rigged. If you were in "control" of the market, where would you want price to go? I would want price to be where a lot of trading has occurred( commissions and stop hitting), and I would look for where the greatest number of stops are to take traders out of their positions. If you percieve the markets as unfair and greedy, that's what I would do!!! Supply and demand, resistance, blah blah blah.... They are coming to take your money. This is the way the markets work...
  • #427,154
  • Apr 1, 2016 6:10am Apr 1, 2016 6:10am
Quoting asgcorp
GU M15 looking at this scenario for now. 4420-4450 is a tested/confirmed resistance, I don't see GU trading above that level including NFP. {image}
was a good move for sure. I agree that big players were positioned pretty much way before nfp.
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  • #427,155
  • Edited 6:26am Apr 1, 2016 6:16am | Edited 6:26am
Areas you should train your eyes to see... People, I am just thinking out loud, and these are just my opinions!!
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  • #427,156
  • Apr 1, 2016 6:23am Apr 1, 2016 6:23am
yet some say that I'm full of shit.
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  • #427,157
  • Apr 1, 2016 6:30am Apr 1, 2016 6:30am
Quoting nealpek
Areas you should train your eyes to see... People, I am just thinking out loud, and these are just my opinions!! {image}
nice chart bro I agree more targets clearly visible on downside.
  • #427,158
  • Apr 1, 2016 6:32am Apr 1, 2016 6:32am
As you transform in your "cycle as a trader", you will come to understand that markets don't adhere to lines, or fib numbers, or some magical rsi. Everybody is using them, and most are not successful. In time you will come to understand that these "tools" have been placed in front of your eyes as a distraction, to keep you from determining how the markets really work. Trade and sweep, trade and sweep, trade and sweep. Take a look at your charts on any time frame, and you see this occurring all over your charts. hope this helps...
  • #427,159
  • Apr 1, 2016 6:42am Apr 1, 2016 6:42am
post-NFP GBPUSD is the weakest pair, dragging GBPJPY with it into the abyss (155-156).
  • #427,160
  • Apr 1, 2016 6:45am Apr 1, 2016 6:45am
Quoting dean1star
.. would not be surprised if NFP comes in on Par or as expected the market seems to be saying this and that range on pound dollar looks so ready to be taken back (the high from asia) as we look back at it and the stop losses with it too for all those shorting it - monkey see - monkey do right
​Been quiet due to the increasing number of apparent billionaires to be on this website... Closed my GU shorts last night from 1.4380 and 1.4360 at 1.4330 target was 100p and stops were at b.e first one did get stopped at b.e earlier in the day. Anyway, glad its dropped, looking for long swings soon
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