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Cable Update (GBPUSD)

  • #427,281
  • Apr 4, 2016 9:14am Apr 4, 2016 9:14am
I look at daily charts for longer term direction, but trade the hourly chart. Trading through the line, sometimes back and forth several times, with most cases showing eventual upper wick or wicks(for a short), at or piercing the line, but closing below it. As i have futures charts as well, vol helps but is not necessary. My last trade was around .4380. That was my reason to short.
  • #427,282
  • Apr 4, 2016 9:19am Apr 4, 2016 9:19am
See how its dancing around the line? Could go either way, that's why I wait for confirmation...
  • #427,283
  • Apr 4, 2016 9:21am Apr 4, 2016 9:21am
buying at blue with stop in red to target green... doubt it ll reach blue..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_H4_04042016.png Size: 95 KB


Cheers,
J
Hero calls followed by margin calls...
  • #427,284
  • Apr 4, 2016 9:38am Apr 4, 2016 9:38am
sold. 1.4274.
  • #427,285
  • Apr 4, 2016 9:43am Apr 4, 2016 9:43am
Formation is definitely catching my eye... just watching and waiting, could be a reload for another move up, or some accumulation before the next move down.
Either way the market will show its hand. The wolf hides and watches its prey before it goes in for the kill...
  • #427,286
  • Apr 4, 2016 10:01am Apr 4, 2016 10:01am
hi guys,

Is there any correlation between GBPUSD, GBPJPY and GBPCHF? Or they can behave totally different?
  • #427,287
  • Apr 4, 2016 10:13am Apr 4, 2016 10:13am
Quoting Saeids1333
hi guys, Is there any correlation between GBPUSD, GBPJPY and GBPCHF? Or they can behave totally different?
GU is major

GJ = GU * UJ

GF = GU * UF

applying rules of marriage and alimony size if divorce happens

if GU and UJ are married that is move in same direction GJ moves strongly in that direction

in divorce when both GU and UJ move in different directions, the partner which moves stronger [ has the alimony ] drags GJ with it but slower

hope this explkains how crosses move

this is why it is always safer to trade majors, divorces when they happen can be very bad for accounts.
  • #427,288
  • Apr 4, 2016 10:24am Apr 4, 2016 10:24am
Quoting PatienceFx
{quote} GU is major GJ = GU * UJ GF = GU * UF applying rules of marriage and alimony size if divorce happens if GU and UJ are married that is move in same direction GJ moves strongly in that direction in divorce when both GU and UJ move in different directions, the partner which moves stronger [ has the alimony ] drags GJ with it but slower hope this explkains how crosses move this is why it is always safer to trade majors, divorces when they happen can be very bad for accounts.
correction, crosses are the result of orgy because more tyhan 2 currencies are involved. majors are with simple marriage because only 2 currencies are involved and hence honest married pair is called major and orgy couples are called crosses.
  • #427,289
  • Apr 4, 2016 10:26am Apr 4, 2016 10:26am
Quoting PatienceFx
{quote} correction, crosses are the result of orgy because more tyhan 2 currencies are involved. majors are with simple marriage because only 2 currencies are involved and hence honest married pair is called major and orgy couples are called crosses.
this is some serious shit. result of orgy.
  • #427,290
  • Apr 4, 2016 10:27am Apr 4, 2016 10:27am
Quoting Saeids1333
hi guys, Is there any correlation between GBPUSD, GBPJPY and GBPCHF? Or they can behave totally different?
the pound..
Hero calls followed by margin calls...
  • #427,291
  • Apr 4, 2016 10:29am Apr 4, 2016 10:29am
Nice "tango dance" happening at the .4285 line....
  • #427,292
  • Apr 4, 2016 10:40am Apr 4, 2016 10:40am
it is said gbp chf is a good indication of gbp strength generally

Quoting Saeids1333
hi guys, Is there any correlation between GBPUSD, GBPJPY and GBPCHF? Or they can behave totally different?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,293
  • Apr 4, 2016 10:46am Apr 4, 2016 10:46am
Long at 1.4270, target 1.44, SL 1.4220
  • #427,294
  • Apr 4, 2016 10:53am Apr 4, 2016 10:53am
this is the chart i use too see the overall gbp strenght (daily chart)

it is:

gbpusd/eurgbp*gbpjpy*gbpaud*gbpchf*gbpcad

overall we can say that the gbp was under intense pressure in 2016, but a bounce may come (i see something like a triple bottom, if it hold there's going to be a nice bounce)
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 53 KB
  • #427,295
  • Apr 4, 2016 10:57am Apr 4, 2016 10:57am
Quoting Bones
it is said gbp chf is a good indication of gbp strength generally {quote}
gbp/aud is a good indication of gbp weakness.
  • #427,296
  • Apr 4, 2016 10:57am Apr 4, 2016 10:57am
Quoting tunera
this is the chart i use too see the overall gbp strenght (daily chart) it is: gbpusd/eurgbp*gbpjpy*gbpaud*gbpchf*gbpcad overall we can say that the gbp was under intense pressure in 2016, but a bounce may come (i see something like a triple bottom, if it hold there's going to be a nice bounce) {image}
and how do we plot that chart on my mt4 ?
  • #427,297
  • Apr 4, 2016 11:02am Apr 4, 2016 11:02am
only GA is going up

Quoting giveachance
{quote} gbp/aud is a good indication of gbp weakness.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,298
  • Apr 4, 2016 11:06am Apr 4, 2016 11:06am
how intrested am I for someone to say its not closed yet
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD d1 (DFB).png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,299
  • Apr 4, 2016 11:07am Apr 4, 2016 11:07am
is there any coder here who can write a simple script like

getting the average value of gbpusd using 5 or more correlated pairs and the subtracting the actual value of gbpusd from this average

effectively giving us the actual pair strength as compared to a 5 correlated pair average.

lets say

GBPUSD = GBPAUD * AUDUSD [ here we took 2 pairs ] but what if i had 10 pairs here , obviously the individual currency push pull will skew the average price from the actual price giving some sense of direction

try if you get the idea
  • #427,300
  • Apr 4, 2016 11:18am Apr 4, 2016 11:18am
could be interesting, or a trick????
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB
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