Cable Update (GBPUSD)

I want to stay and consolidate above overnight high to remain in. Otherwise I'm out. Current low at 146725 is overnight high TAG: very bad...

Well i must say with your fir cracker terminology that firecracker fuse defused. So i would gather the higher it could of gone the harder it would of fell. Until someone decides to light another .

14 min to close Gb session. It looks we could be lucky to stay in...

btw it's not a proprietary terminology. Let's see the half hour after London close. For sure I don't like the bounce. But I cannot scale out. So I can only be in or out right now. 14700 is weak. All the structure below is very weak.

Well. I'm out. It was too weak below...But I don't know..

Hi mate

I rate your posts- keep it going

If you can back it up with a reason- all the better

Cable is overbought but there is a reason for that

a) Change in Brexit opinion poll
b) Change to dovish stance from Fed

So its a double hit

Could the traders think that its overbought and just sell it- possibly

If Yellen comes out with a more hawkish statement - that might do it

At the moment 1.4675 is a line in the sand- seems to have broken it - will see

Good luck

if below:

1. 146665 pit half back
2. 146455 2 pips below pit open
3. 14626 weak low
4. ...and so on

if bounce again from such a weak level > to the previous targets over chart:
possible fire cracker effect: 14700/147075/14725/14739/14770/14816..

here you are! all taken out

So? where's the clap clap?

was there any poll

It was the structure below that was hideously weak. The news, if something happened, was only a trigger.

hui what a spike :-)
lucky I was out :-)

Reason,…..Hmmm….I’m not sure if you are refereeing to a particular thought or on general/overall. All of my conclusions come from the same thought process which is really, what I feel is, the important part. Ever feel hopeful about a trade? Fearful? Not in an exacting way but a white noise background issuance of one of those feelings. I strive for a constant awareness of that to begin with. It so often goes unnoticed that ppl. don’t realize the effect it has. It leads to creation of a position that is too large or one that is avoided entirely neither of which has a positive impact. So, what’s best for position size? I always read and hear “depends on your comfort a/o risk, your personality, etc.” That is an annoyingly unhelpful response. How about this, when you see something happening take a teeny-tiny amt. out and set an absurdly small range for profit. Not as a scalper. No. More like not a loser. Currency is bought on margin (everyday man levels). It is surprising how quickly it accumulates.

Getting to the point… once you don’t have to worry about going broke or getting nothing the bigger and smaller pictures begin to fall into place. Yes, it still takes many hours of chart reading, math, blah, blah, etc. but… that’s all the things the YOU do sans other ppl. Other ppl.’s advice is dangerous in the details. Generalizations are better for those like me who wish to get the idea across. Not railroad you into my way of thinking with specific data. Think on your own. See, after your own analysis, if you arrive at the same conclusions. I have zero interest in narcissism. With me there is no, “look at me, look at me.” (At least I do my best, and never stop trying to rid myself of such a colossal waste of energy in my life){I see you’re British, Listen to The Beatles “I, Me Mine” one of my favorites} It is not important to me if you “like” my thoughts. I want you to think and then respond to me. I’d rather have a fencing partner than a supplicant.

Why give somebody a data driven, reasoned ans. anyway? If you’re right they just want another give-me, give-me again. If you’re wrong they resent you for their choice of following your advice. All the while you have to deal with the BS chorus of ppl. who do not agree with your reasoning. Whether you respond to them or not it affects your sensibilities.

I am reaching out, posting my thoughts and cracking fun of things in the hopes of actually finding, at least a few, ppl. with whom I can have an actual, intellectual back n’ forth with.

Make fun of the nonsense (to yourself, at first) say it out loud. Read some of the things written by “news” outlets with different inflections [Hell, do it with this post or any of my other ones, I encourage it]. Whatever, you get the idea. You’ll begin to understand…

I have more but I’m a slow typist. I’d like to know that I have a reason to continue b-4 I do more.

Final thought:

Mob rule: the rumor mill. It will get into your head if you constantly hear and see it. It is basically impossible to avoid the effects of excitement a/o panic spewn forth if you have any horse in the race at all. Your emotional brain craves that S***, it f***s hard with the logic.

Easy and I didn't have to do any analysis


Regards,
Alex

Is the party over?

Amusing, I was going to say that the break of .4675 was not enough and the sit on top of it was a way to drag ppl. up. SO, I sold a bit and set at .4642. WHile I was typing it seemd to have called the limit order. oh, and I did one on EUR/GBP that called as well. I'm gonna resell again for a little for the next fall, should be more protracted, but....who knows?????????

well, your analysis are up to mark , but you use technical language which is beyond my understanding up till now

One of my more heavily weighted thoughts on the GBP falling before a re-rise is the muted reaction today in the EUR/USD. If this was the "time" the EUR should have at the very least crossed 1.14.

Well, first of all: thank you for your consideration. My terminology comes from what I know about market. Maybe you might do some base study about market profile, if you wanna grasp all the stuff more easily. Or you may ask me step by step, if you like. But it needs time, in any case.
thanks again

Currently yes, but who knows. Market is going in a consolidation.

For Lock.

Come on, just because I posted trades and I don't need any analysis?
Take care

Regards,
Alex