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Cable Update (GBPUSD)

  • #432,081
  • Edited 2:16am Jun 9, 2016 2:06am | Edited 2:16am
draw you attention to possible situ,see sight of this week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US Dollar Basket (DFB).png Size: 36 KB
Click to Enlarge Name: eur USD d1 (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,082
  • Jun 9, 2016 2:11am Jun 9, 2016 2:11am
Quoting baliprada
{quote} Hi HaLBot you have long or short positions ...?
I'm long at 4519 so down 55 pips atm but it's only a small trade so haven't closed it out I'm gonna see what happens. Today and yesterday I opened trades and immediately the market fell....but both times only small trades. Yesterday I thought support being at 4550 taking a trade at 4552 was a good idea but then dropped 50 but recovered and turned out a good day for me.
Today I took trade and knew Draghi was coming up but didn't close.....so shot myself in the foot and now got a bit of work to do....
With small trade at 4519 was thinking if it started to rise fast was going to add to it.

I really need to work on taking short positions.....biggest weakness..
Don't Leave Money on the Table
  • #432,083
  • Jun 9, 2016 2:14am Jun 9, 2016 2:14am
Quoting Bones
draw you attention to possible situ,see sight of this week {image}
What does it mean Bones? I'm looking but not understanding....
Don't Leave Money on the Table
  • #432,084
  • Jun 9, 2016 2:18am Jun 9, 2016 2:18am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,085
  • Jun 9, 2016 2:18am Jun 9, 2016 2:18am
Quoting HaLBot
{quote} I'm long at 4519 so down 55 pips atm but it's only a small trade so haven't closed it out I'm gonna see what happens. Today and yesterday I opened trades and immediately the market fell....but both times only small trades. Yesterday I thought support being at 4550 taking a trade at 4552 was a good idea but then dropped 50 but recovered and turned out a good day for me. Today I took trade and knew Draghi was coming up but didn't close.....so shot myself in the foot and now got a bit of work to do.... With small trade at 4519 was...
dear it is not about practicing either short or long positions but one has to understand the next moves of the market...u need to analyze market and then stick to ur decisions...this is the way u can do it else u will always remained puzzle...
  • #432,086
  • Jun 9, 2016 2:22am Jun 9, 2016 2:22am
Quoting HaLBot
{quote} I'm long at 4519 so down 55 pips atm but it's only a small trade so haven't closed it out I'm gonna see what happens. Today and yesterday I opened trades and immediately the market fell....but both times only small trades. Yesterday I thought support being at 4550 taking a trade at 4552 was a good idea but then dropped 50 but recovered and turned out a good day for me. Today I took trade and knew Draghi was coming up but didn't close.....so shot myself in the foot and now got a bit of work to do.... With small trade at 4519 was...
I had a long position at 1.45552 ... not much, but I want to take long anymore .... hope the next few hours are going to 1.453xx ...
Libenter homines id quod volunt credunt
  • #432,087
  • Jun 9, 2016 2:23am Jun 9, 2016 2:23am
Quoting faizank65
{quote} dear it is not about practicing either short or long positions but one has to understand the next moves of the market...u need to analyze market and then stick to ur decisions...this is the way u can do it else u will always remained puzzle...

Cheers...
Don't Leave Money on the Table
  • #432,088
  • Jun 9, 2016 2:26am Jun 9, 2016 2:26am
Quoting baliprada
{quote} I had a long position at 1.45552 ... not much, but I want to take long anymore .... hope the next few hours are going to 1.453xx ...
sorry meant the next few days
Libenter homines id quod volunt credunt
  • #432,089
  • Jun 9, 2016 2:37am Jun 9, 2016 2:37am
Quoting baliprada
{quote} sorry meant the next few days
This move down from 4600 really suprised me this morning waking up and seeing it at 4500. Right now in the markets it feels like it's not going back up but more likely to head down to 4400 and if that happens it will take longer to get back to 4600.
If 4450 breaks will head down for sure...
Don't Leave Money on the Table
  • #432,090
  • Jun 9, 2016 2:47am Jun 9, 2016 2:47am
Quoting HaLBot
{quote} This move down from 4600 really suprised me this morning waking up and seeing it at 4500. Right now in the markets it feels like it's not going back up but more likely to head down to 4400 and if that happens it will take longer to get back to 4600. If 4450 breaks will head down for sure...
I also doubt, I agree with your opinion, will most likely lead to 1.44xxx even below ... if it happens I will hedge the negative ... I still hope in a few days there are surge to the top ...
Libenter homines id quod volunt credunt
  • #432,091
  • Jun 9, 2016 2:48am Jun 9, 2016 2:48am
If you thought your problems were bad spare a thought for this poor sod....I know how bad things are when your house just isn't big enough


http://www.forexfactory.com/news.php?do=news&id=594151
Don't Leave Money on the Table
  • #432,092
  • Jun 9, 2016 2:50am Jun 9, 2016 2:50am
Quoting baliprada
{quote} I also doubt, I agree with your opinion, will most likely lead to 1.44xxx even below ... if it happens I will hedge the negative ... I still hope in a few days there are surge to the top ...
Cable's kicking me in the nuts today....just after I posted that it rose of 4450.....lol

I think I'll take a trade, post it and you guys can take the opposite....you'll make a fortune
Don't Leave Money on the Table
  • #432,093
  • Jun 9, 2016 2:57am Jun 9, 2016 2:57am
Quoting HaLBot
{quote} Cable's kicking me in the nuts today....just after I posted that it rose of 4450.....lol I think I'll take a trade, post it and you guys can take the opposite....you'll make a fortune
now is the time hoping n hoping .... though the market is not driven by my expectations
Libenter homines id quod volunt credunt
  • #432,094
  • Jun 9, 2016 3:04am Jun 9, 2016 3:04am
Quoting Bones
{image}

Cheers Bones

My understanding then of your chart is Dollar Index could rise sharply driving other currencies down???
Don't Leave Money on the Table
  • #432,095
  • Jun 9, 2016 3:10am Jun 9, 2016 3:10am
its a weekly chart see example how this could play out ,
Attached Image (click to enlarge)
Click to Enlarge Name: nzd USD (DFB).png Size: 23 KB
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,096
  • Edited 4:30am Jun 9, 2016 3:13am | Edited 4:30am
usd has a bullish month last month

Quoting Bones
$ is overcooked at support ,see how day pans out {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDLFXMonthly.png Size: 15 KB
Click to Enlarge Name: USDLFXDaily.png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,097
  • Jun 9, 2016 3:13am Jun 9, 2016 3:13am
PA critical for the both pairs (E/U, G/U) imo. Cheers...
  • #432,098
  • Jun 9, 2016 3:16am Jun 9, 2016 3:16am
Quoting Bones
its a weekly chart see example how this could play out , {image} {image}
Hi Bones

NZD/USD is likely to be down?
Libenter homines id quod volunt credunt
  • #432,099
  • Jun 9, 2016 3:22am Jun 9, 2016 3:22am
I'm wondering maybe its better to wait for d1 ,
Attached Image (click to enlarge)
Click to Enlarge Name: NZD w1 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #432,100
  • Jun 9, 2016 3:25am Jun 9, 2016 3:25am
Cable needs time to decide guys, think of it as medium term position... at least 2-3 weeks...

I am pretty bullish on Cable giving Brexit and Fed rate hike 0 chance this month...

Thinking of 1.51...
There's no harm in being smtm wrong especially if one is promptly found out
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