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Cable Update (GBPUSD)

  • #429,681
  • Apr 27, 2016 3:26am Apr 27, 2016 3:26am
Quoting asgcorp
GU long 2 std lots TP 4750. SL set 4575.
fully agree , next target daily 200 sma
  • #429,682
  • Apr 27, 2016 3:27am Apr 27, 2016 3:27am
Quoting tom2015
Why GBP USD increased again !! the data for CBI Sales is bad -13
Hello Tom,

If i may please, it is for this reason that most traders find it a frustrating thing trying to predict the reaction to fundamental data releases.

Ultimately, the market will react the way it will. That reaction in my opinion can never be known for sure.
All traders have to work with is the information on our charts. I prefer to leave my stress levels at analyzing the charts and not worrying too much about fundamental news.
Be careful what you think because your thoughts run your life..Solomon
  • #429,683
  • Apr 27, 2016 3:34am Apr 27, 2016 3:34am
Quoting PatienceFx
{quote} fully agree , next target daily 200 sma
Not today, only if any surprise later in US.
  • #429,684
  • Apr 27, 2016 3:41am Apr 27, 2016 3:41am
Quoting Motiv8
{quote} Not today, only if any surprise later in US.
fully agree,
  • #429,685
  • Apr 27, 2016 3:43am Apr 27, 2016 3:43am
I think we need to go lower before continue uptrend. It's overbought on D1.
  • #429,686
  • Apr 27, 2016 3:48am Apr 27, 2016 3:48am
Quoting Motiv8
I think we need to go lower before continue uptrend. It's overbought on D1.
Price can stay in extreme a lot of time before swing in stochastic. But I think we will have spike up and later down. But that spike can be big
Try don't lose pants never...
  • #429,687
  • Apr 27, 2016 3:52am Apr 27, 2016 3:52am
Quoting asgcorp
GU long 2 std lots TP 4750. SL set 4575.
out -10. Done for today. Skipped the proper entry. Will wait until fomc is cleared.
  • #429,688
  • Apr 27, 2016 3:55am Apr 27, 2016 3:55am
#GBPUSD I had to cover my short @ 1.4558... I made a mistake and forgot to check the calendar.... today is FOMC....
I dont like having a position on those days... it gets to volatile... so I'm on the sideline for now
Attached Image (click to enlarge)
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"W. D. Gann said that time is the most important factor among all things."
  • #429,689
  • Apr 27, 2016 3:58am Apr 27, 2016 3:58am
Staying long now till tomorrow in at 141 800 looking at 147 perhaps.
Yesterday would have closed at 146 500 - my R3 (aim on system was 146 650) however did not reach target.
So presume its going higher today.

If it goes lower then will close at 144 600 Yellow line on chart at 280 pips.

Lets see how it plays out later then.
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  • #429,690
  • Apr 27, 2016 4:05am Apr 27, 2016 4:05am
on a side note not a good day for apple inc )))
Attached Image
  • #429,691
  • Apr 27, 2016 4:06am Apr 27, 2016 4:06am
"never attempt to stop a moving train with your small account balance" - J. Cameron

................!!
  • #429,692
  • Apr 27, 2016 4:14am Apr 27, 2016 4:14am
Quoting asgcorp
on a side note not a good day for apple inc ))) {image}
I ran an iphone 4 for years but just a month ago got a samsung G7, great phone and real nice to be able to keep up with everyone else who have much faster phones than I did.
Why I changed??? because Apple play shifty tax dodging practises here in Australia, they have a shelf company in Singapore so all sales in OZ are recorded as being in Singapore thereby saving themselves huge amount of tax
I'll never buy another Apple product for as long as they practice tax evasion against my country, shifty as all )(*&^%&*()&$R#%^
Don't Leave Money on the Table
  • #429,693
  • Apr 27, 2016 4:21am Apr 27, 2016 4:21am
yeah that plus the product innovation cycle pretty much ended with steve jobs passing I mean those tech companies are pretty tarded now google coming up with weird glasses apple offering new colors for the iphone pretty dumb and no breakthroughs. What's true though is that AAPL made a lot of longer-term investors wealthy for past two decades.
  • #429,694
  • Apr 27, 2016 4:25am Apr 27, 2016 4:25am
No doubt about it, Steve Jobs was an innovative and marketing genius who was passionate about his company, sad to see him pass away.
The execs in control now are just there for the pay check
Don't Leave Money on the Table
  • #429,695
  • Apr 27, 2016 4:27am Apr 27, 2016 4:27am
Hello everyone,

If i could please share a chart with you on a totally unrelated asset class, stocks while we wait for some "yell-en" later on (F.O.M.C)

I posted this chart on Stock chats a couple of weeks ago with the annotations on the chart.

I have had some questions about whether S&D works for stocks.

The proof is in the pudding as they say...

thank you

best wishes

Attached Image (click to enlarge)
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Be careful what you think because your thoughts run your life..Solomon
  • #429,696
  • Apr 27, 2016 4:28am Apr 27, 2016 4:28am
Quoting dean1star
{quote} Euro USD thread did he say ? .. {image}
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,697
  • Apr 27, 2016 4:31am Apr 27, 2016 4:31am
http://www.forexfactory.com/showthre...88#post8895388

Possible shorts coming up.

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  • #429,698
  • Apr 27, 2016 4:33am Apr 27, 2016 4:33am
Corning INC what actually triggered the sell off is this zone it produced strong price swings previously

Overall you are right same principles apply in stocks but in stocks you also have volume which does give an edge if used proper
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  • #429,699
  • Apr 27, 2016 4:41am Apr 27, 2016 4:41am
Quoting asgcorp
Corning INC what actually triggered the sell off is this zone it produced strong price swings previously Overall you are right same principles apply in stocks but in stocks you also have volume which does give an edge if used proper {image}
Hello asgcorp,
thank you for sharing your chart.

With the S&D approach, one of the rules is not to cut through candles.

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: corning 2.PNG Size: 90 KB
Be careful what you think because your thoughts run your life..Solomon
  • #429,700
  • Apr 27, 2016 4:43am Apr 27, 2016 4:43am
Quoting Akt
{quote} Hello asgcorp, thank you for sharing your chart. With the S&D approach, one of the rules is not to cut through candles. best wishes{image}
hey no harm done ))) It's just that you are not showing that part of the chart where previously this stock was sold off on high volume.

S&D is good but it's meaningless if you don't factor in the volume of the previous move.
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