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Cable Update (GBPUSD)

  • #429,841
  • Apr 28, 2016 12:58am Apr 28, 2016 12:58am
Quoting HaLBot
{quote} 1.46 a bitch right now LOL
was......
Don't Leave Money on the Table
  • #429,842
  • Apr 28, 2016 1:08am Apr 28, 2016 1:08am
Quoting HaLBot
{quote} 1.46 a bitch right now LOL
All Three Buy trades now in Plus.
  • #429,843
  • Apr 28, 2016 1:09am Apr 28, 2016 1:09am
Quoting arasheed
{quote} All Three Buy trades now in Plus.
All Trail Stopped out with 35 Pips Plus
  • #429,844
  • Apr 28, 2016 1:15am Apr 28, 2016 1:15am
Quoting Don96
{quote}1.4618x
still holding quite nicely
  • #429,845
  • Apr 28, 2016 1:39am Apr 28, 2016 1:39am
Quoting Don96
{quote} still holding quite nicely
Wheres your stop and pt Don?
  • #429,846
  • Apr 28, 2016 1:40am Apr 28, 2016 1:40am
Quoting redbaron1981
{quote} Wheres your stop and pt Don?
I'm flat on GU atm, watching GJ/EJ, time to get in for longs was 1.45/47x for me anyway
  • #429,847
  • Apr 28, 2016 1:40am Apr 28, 2016 1:40am
pay attention to what monthly could be

Quoting Bones
looks like auds version evening star to me {quote} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 Wall Street (DFB).png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,848
  • Apr 28, 2016 1:53am Apr 28, 2016 1:53am
Quoting Bones
if I may ,your looking at a chart that can only retrace medium term as I said earlier {quote} {image} {image} {image}
Hello Bones, thank you for sharing your chart.

Correct. Ultimately I am looking to sell the pair.
The long trades are medium term engagements.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #429,849
  • Apr 28, 2016 2:08am Apr 28, 2016 2:08am
Quoting Akt
{quote} Hello Bones, thank you for sharing your chart. Correct. Ultimately I am looking to sell the pair. The long trades are medium term engagements. best wishes
Hi AKT
How upside long trades are medium term engagements.1.4650-80?
  • #429,850
  • Apr 28, 2016 2:13am Apr 28, 2016 2:13am
Quoting arasheed
{quote} Hi AKT How upside long trades are medium term engagements.1.4650-80?
Hello Arasheed, a pleasure to meet you.

Here is my thinking set out in the charts below. I have also made a video recording detailing my analysis of the GBP/JPY.
Bones and I have been having a really engaging discussion about the pair in the chat for a few days now.

best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy m.PNG Size: 99 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy long.PNG Size: 56 KB
Be careful what you think because your thoughts run your life..Solomon
  • #429,851
  • Apr 28, 2016 2:14am Apr 28, 2016 2:14am
Hi A ,cool ,I'm sure we could have a reaction ,but you know my conviction is strong ,keep the charts coming

Quoting Akt
{quote} Hello Bones, thank you for sharing your chart. Correct. Ultimately I am looking to sell the pair. The long trades are medium term engagements. best wishes
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,852
  • Apr 28, 2016 2:19am Apr 28, 2016 2:19am
usd has been sold off and has a bearish monthly ,but still its in range I'm looking at the daily cable


Quoting redbaron1981
{quote} How come? Should I be short?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 34 KB
Click to Enlarge Name: 1 USD h4 (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,853
  • Apr 28, 2016 2:27am Apr 28, 2016 2:27am
Quoting Bones
Hi A ,cool ,I'm sure we could have a reaction ,but you know my conviction is strong ,keep the charts coming {quote}
Your convictions are strong, as they should be, after-all they are grounded in your analysis of the market and your style of trading. My view point, like yours are also based on my analysis. As you know trading is the one profession that one's conviction counts for everything.

As Sun Tzu says, "a good fighter will be terrible in his onset but prompt in his decision". Our judgement calls as traders mean everything

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #429,854
  • Apr 28, 2016 2:34am Apr 28, 2016 2:34am
Hello Bones, (love saying that name by the way, reminds me of one of my fav groups back in the day, "bone, thugs and harmony")

Looking at EURGBP, any thoughts please?

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #429,855
  • Apr 28, 2016 2:35am Apr 28, 2016 2:35am
Quoting Bones
usd has been sold off and has a bearish monthly ,but still its in range I'm looking at the daily cable {quote} {image} {image}
Hello, wondering if this weekly resistance will do anything to curb the rise of GBPUSD?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFWeekly.png Size: 45 KB
  • #429,856
  • Apr 28, 2016 2:54am Apr 28, 2016 2:54am
Hi a could we be so lucky the eur gbp retraces high ,I'm still reeling from the missed sell ,cause it never touched long termer tl


Quoting Akt
Hello Bones, (love saying that name by the way, reminds me of one of my fav groups back in the day, "bone, thugs and harmony") Looking at EURGBP, any thoughts please? best wishes
Attached Image (click to enlarge)
Click to Enlarge Name: eur GBP (DFB).png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,857
  • Apr 28, 2016 3:02am Apr 28, 2016 3:02am
Quoting arasheed
{quote} Actually I tried this strategy today only which gave good results. Now I think a regular Lot should also accompany in the direction of the trend ?
Maybe if your looking into this strategy then perhaps this might be of some help. Just a thought as i remembered where i had read about this before in another thread here.

http://www.forexfactory.com/showthread.php?t=541311
  • #429,858
  • Apr 28, 2016 3:11am Apr 28, 2016 3:11am
Quoting Bones
Hi a could we be so lucky the eur gbp retraces high ,I'm still reeling from the missed sell ,cause it never touched long termer tl {quote} {image}
Thank you Bones. Much appreciated.

As i always say to traders, different approaches, same conclusions.
No system is better than the other, it is the person, the trader, working the system thats the difference.

I am waiting to sell on the retracement you highlighted.

Thanks again

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #429,859
  • Apr 28, 2016 3:14am Apr 28, 2016 3:14am
I know its a long way to close and all that , but something like this is difficult to alter ,evening star now ,10 gmt tonight prob still be that ,add that to location cable ,bearish daily yesturday,even bearish $ ,cable will struggle to break free north
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,860
  • Apr 28, 2016 3:22am Apr 28, 2016 3:22am
Quoting Bones
I know its a long way to close and all that , but something like this is difficult to alter ,evening star now ,10 gmt tonight prob still be that ,add that to location cable ,bearish daily yesturday,even bearish $ ,cable will struggle to break free north {image}
Whats an 'Evening Star'? Do you use astronomy for your trade decision making?
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