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Cable Update (GBPUSD)

  • #427,481
  • Apr 6, 2016 11:39am Apr 6, 2016 11:39am
Quoting MaryAnne
{quote} that's great bro Looking forward to your input always (although at times I may be too lazy to log in). either here or the other thread.
Mary Anne -
Thanks will keep a look out - here or over there ..

Will be back to posting the trades as they happen .. (not always so easy lol but fun)
  • #427,482
  • Apr 6, 2016 11:43am Apr 6, 2016 11:43am
The ebb and flow of the market is to minimize risk. When the "money" plows through the .4050 stops, they are essentially "buying" them. In which direction does price need to go to dump most of the "buys" now accumulated? Up of course, so they can sell into the rally. When they are done selling most of their newly accumulated units, for a profit, price can resume in the direction it was going before. Risk now removed for the money. What a system!!
  • #427,483
  • Apr 6, 2016 11:48am Apr 6, 2016 11:48am
Quoting Dr.Zain
The Pair might touch again 4052!!!
Cable found Decent support at 4050!!!
  • #427,484
  • Apr 6, 2016 12:19pm Apr 6, 2016 12:19pm
Quoting dean1star
Just finished a new system so going to be putting up the trades in the usual fashion. Looking forward to the odd slam dunk comments as is normal round ere.. Good for the soul and great for the trading style so please feel free to ignore me if you feel the need too lol .. or shout if u feel like it .. 3 trades today
nice to hear, what is your strategy if i may ask
persistence and determination alone are omnipotent
  • #427,485
  • Apr 6, 2016 12:23pm Apr 6, 2016 12:23pm
Quoting Ll1979
{quote} nice to hear, what is your strategy if i may ask
Likewise 1979 ..
- in simplicity i have based this on the 200 ema on a one mins chart - for position trade along the day starting with asia and out at NYC -
one to two trades per day max -upto 50 pips target per trade.

Looking at 142 at FOMC but anything is likely of course ..

Glad to see ur grabbing those pips ..
  • #427,486
  • Apr 6, 2016 12:25pm Apr 6, 2016 12:25pm
Goldman Refuses To Stop Crushing Its FX Clients: "We Hold To Our Dollar Bullish Call"

  • #427,487
  • Apr 6, 2016 12:27pm Apr 6, 2016 12:27pm
Quoting dean1star
{quote} Likewise 1979 .. - in simplicity i have based this on the 200 ema on a one mins chart - for position trade along the day starting with asia and out at NYC - one to two trades per day max -upto 50 pips target per trade. Looking at 142 at FOMC but anything is likely of course .. Glad to see ur grabbing those pips ..
this is actually a very smart decision to aim for a set 50 pips.
  • #427,488
  • Apr 6, 2016 12:29pm Apr 6, 2016 12:29pm
Quoting dean1star
{quote} gonna be fun had the buy on pound dollar a few hours back at 140 475 .. trading longer range on this system ..
​oooo should have waited for the first level 1.4011 I posted :0 better R/R I suppose that 1.4050 level played nicely the other day or whenever it was sucked a few people in to trying high volume over leverage trades i suppose... a lot of people probs got screwed if stops weren't wide enough, nice trade though
  • #427,489
  • Apr 6, 2016 12:31pm Apr 6, 2016 12:31pm
Quoting dean1star
{quote} Likewise 1979 .. - in simplicity i have based this on the 200 ema on a one mins chart - for position trade along the day starting with asia and out at NYC - one to two trades per day max -upto 50 pips target per trade. Looking at 142 at FOMC but anything is likely of course .. Glad to see ur grabbing those pips ..
thnx m8 it 's getting better but i have to work on my patience missing a few hundred pips last two days but not complaining.
persistence and determination alone are omnipotent
  • #427,490
  • Apr 6, 2016 12:33pm Apr 6, 2016 12:33pm
Quoting asgcorp
{quote} this is actually a very smart decision to aim for a set 50 pips.
- well logical being the theme here fast price action on the chart with a stronger direction in focus - famous last words one knows, but sometimes the journey is just as enjoyable as the outcome ..
  • #427,491
  • Apr 6, 2016 12:59pm Apr 6, 2016 12:59pm
Quoting Ill-b-back
my take is we are heading to 3350 area, but I'll take my cheese at 3650 then look for a bounce to finish the job {image}
or not jeepers what a bounce
Come with me if you want to live....
  • #427,492
  • Apr 6, 2016 1:09pm Apr 6, 2016 1:09pm
141 300 got a sell signal .. ?? (just closed on 80 pips on the buy)
stop loss at 75 pips ..
  • #427,493
  • Apr 6, 2016 1:16pm Apr 6, 2016 1:16pm
don't see anything game changing in the minutes. dollar bearish overall. will take a few hours to digest and then continuation lower on usdx.
  • #427,494
  • Apr 6, 2016 1:17pm Apr 6, 2016 1:17pm
dollar initially pumped now will get into dumping stage
  • #427,495
  • Apr 6, 2016 1:24pm Apr 6, 2016 1:24pm
This was devastating, earth shattering FOMC stuff. Has the earth changed its rotational axis? News is already factored in. The "boys" already know the results days before release. All they do is set up, and load up on the unsuspectings belief that this earth shattering news will create a massive change in direction.
Down trend still hasn't been broken, at least not at this time!
  • #427,496
  • Apr 6, 2016 1:27pm Apr 6, 2016 1:27pm
Quoting nealpek
This was devastating, earth shattering FOMC stuff. Has the earth changed its rotational axis? News is already factored in. The "boys" already know the results days before release. All they do is set up, and load up on the unsuspectings belief that this earth shattering news will create a massive change in direction.
yeah good call I agree for the most part, also EU break out gives a nice heads up on the direction. USD is not strong currently, but other currencies also remaining kinda weak atm. GBP USD there is some weakness atm.
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  • #427,497
  • Apr 6, 2016 1:33pm Apr 6, 2016 1:33pm
dollar daily rejection at weekly pivot is classic. GL if yous are short.
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  • #427,498
  • Apr 6, 2016 1:36pm Apr 6, 2016 1:36pm
dollar daily chart EW forecast. Currently in wave ((3)) down, it's a strong leg of the downmove also. trade accordingly.
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  • #427,499
  • Apr 6, 2016 1:42pm Apr 6, 2016 1:42pm
anyone using bloomberg terminal? Is there any use at all in terms of trading? I've had this one for 3 years when I was trading oil and nat gas contracts, pretty much useless imo, how are you supposed to get any edge with this keyboard? Literally learning curve is 6+ months, at the end of the day my terminal won't let me in after 2-3 attempt, cause it can't scan my finger prints. Useless imo and subscription is like 2K+ a month.
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  • #427,500
  • Apr 6, 2016 2:05pm Apr 6, 2016 2:05pm
So which way is she going???
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