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Cable Update (GBPUSD)

  • #434,561
  • Jul 15, 2016 6:47am Jul 15, 2016 6:47am
Quoting dean1star
{quote} Totally agree - one thing i noticed and it is a re current theme. The ones who, dont give up, do the hours, those are the ones who make it. And for why? Because they get a sense of the market rythmn, they feel the moves and the repeat cycles become embedded in their conscious they use their judgement in conjunction with their system, as their system is the tool they built and adapted to their own style. Never met a trader yet who did not make it for not giving up. You'll get there for sure.
  • #434,562
  • Jul 15, 2016 6:57am Jul 15, 2016 6:57am
closed my shorts for now ... will open new short when we go under 1.3720
  • #434,563
  • Jul 15, 2016 6:57am Jul 15, 2016 6:57am
Quoting Dr.Zain
{quote} not soon, people who voted in favor of brexit have to pay its price!!!
you are right 1.4xx is a dream
oh kami-sama help my port
  • #434,564
  • Jul 15, 2016 7:18am Jul 15, 2016 7:18am
3288 long again no sl 3250 order and 3333 to above
  • #434,565
  • Jul 15, 2016 7:27am Jul 15, 2016 7:27am
Quoting elbert3
3288 long again no sl 3250 order and 3333 to above
hmm wonder what is your reason to go long in a still valid down move ??
  • #434,566
  • Jul 15, 2016 7:31am Jul 15, 2016 7:31am
Quoting baldmonk
{quote}
  • #434,567
  • Jul 15, 2016 7:38am Jul 15, 2016 7:38am
Hello, fellow traders.

First I must say that Cable is a little bit new for me.
I have been trying to ride it for some time, but my results on the pair is quite different.
I have much experience, trading EUR/USD; today I can say that I have known its "behaviour" and I can see what the pair is about to make.

Cable has its own habits to spread the prices through the day.
It has its own volatility range, intensivety to go through S/R zones atc.

That is why I would like to ask you to describe its behaviour features, if you trade intraday.

Your vision is much appreciated.

Please, If you decide to answer, take a reference on this post before, do not spam and write your opinion clearly.

Best
D.P.
Hunting High and Low
  • #434,568
  • Jul 15, 2016 7:45am Jul 15, 2016 7:45am
Quoting iamawaited
First you say {quote} Then you Say {quote} i wish i could understand you. GL though. Anyways GU has found the Martingale top i predicted with my arrow charts. Lets see where it finds Bottom next. Happy Pippin
What I meant was the uptrend people saw was simply a long correction on the lower time frame......and it was still correcting until this morning......it may still correct more even with the strong downward push today. I'm short as I have been for months. I thought the correction was over a few days ago but I was wrong. Hopefully today will confirm the continuation of the downtrend. I have no desire to exchange negative blows on here, or fight with anyone. Im just here to enjoy the market and help others along the way. Happy trading to you!
  • #434,569
  • Jul 15, 2016 7:54am Jul 15, 2016 7:54am
Yeah, looks weak across the board. See no reason to be long at present.
There's always money in the banana stand.
  • #434,570
  • Jul 15, 2016 7:56am Jul 15, 2016 7:56am
Quoting LizardGizzard
Yeah, looks weak across the board. See no reason to be long at present.
Yea we need a little more momentum though, more downward movement to stop out the bulls completely. Have u seen how long the NZD/USD resisted before going down?
  • #434,571
  • Jul 15, 2016 7:57am Jul 15, 2016 7:57am
Quoting TaoTrader
{quote} What I meant was the uptrend people saw was simply a long correction on the lower time frame......and it was still correcting until this morning......it may still correct more even with the strong downward push today. I'm short as I have been for months. I thought the correction was over a few days ago but I was wrong. Hopefully today will confirm the continuation of the downtrend. I have no desire to exchange negative blows on here, or fight with anyone. Im just here to enjoy the market and help others along the way. Happy trading to you!...
Good attitude mate, welcoming to make FF better and conducive for sharing ideas and experience
Do your homework, follow the footprints of smart money
  • #434,572
  • Jul 15, 2016 7:59am Jul 15, 2016 7:59am
Quoting TaoTrader
{quote} Yea we need a little more momentum though, more downward movement to stop out the bulls completely. Have u seen how long the NZD/USD resisted before going down?
Yeah, wish I had a piece of that one! Got stopped out a ton.
There's always money in the banana stand.
  • #434,573
  • Jul 15, 2016 8:00am Jul 15, 2016 8:00am
Pushed hard through this line. Nice.
Attached Image
There's always money in the banana stand.
  • #434,574
  • Jul 15, 2016 8:09am Jul 15, 2016 8:09am
Quoting KeenPips
{quote} Good attitude mate, welcoming to make FF better and conducive for sharing ideas and experience
Thank you my friend!!!! Yea the NZD stopped out a lot of people I bet lol. Seems to be going down strong now! Congrats on your success so far!
  • #434,575
  • Jul 15, 2016 8:10am Jul 15, 2016 8:10am
Quoting LizardGizzard
Pushed hard through this line. Nice. {image}
Yep I patiently waited for almost 2 weeks to see that hahaha!
  • #434,576
  • Edited 9:10am Jul 15, 2016 8:59am | Edited 9:10am
Quoting TaoTrader
{quote} What I meant was the uptrend people saw was simply a long correction on the lower time frame......and it was still correcting until this morning......it may still correct more even with the strong downward push today. I'm short as I have been for months. I thought the correction was over a few days ago but I was wrong. Hopefully today will confirm the continuation of the downtrend. I have no desire to exchange negative blows on here, or fight with anyone. Im just here to enjoy the market and help others along the way. Happy trading to you!...
Coool. But i dont think it is time to sell for 1.27XX. GU still has ONE LAST LEG UP on H4. Lets see how this goes. GL
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 54 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #434,577
  • Jul 15, 2016 9:08am Jul 15, 2016 9:08am
3188 would be next buy for me
  • #434,578
  • Jul 15, 2016 9:49am Jul 15, 2016 9:49am
Quoting iamawaited
{quote} Coool. But i dont think it is time to sell for 1.27XX. GU still has ONE LAST LEG UP on H4. Lets see how this goes. GL {image}
I've been wondering the same. I don't think this is a fake breakout, but it might need to go to the 50% retracement on the daily and weekly. We'll see, I hope it stays down hahaha!
  • #434,579
  • Jul 15, 2016 9:54am Jul 15, 2016 9:54am
Quoting iamawaited
{quote} Coool. But i dont think it is time to sell for 1.27XX. GU still has ONE LAST LEG UP on H4. Lets see how this goes. GL {image}
By my count the monthly has been correcting in a Wave 4 of a 5 wave pattern. A wave 4 is typically short, so let's see if it decides to push past 38.2 for 50.0. You can also measure the retracement levels of Waves 1 through 3 and project it from the Wave 4 extreme. I'll give u a more detailed analysis of my position later, with charts showing my fib levels :-)
  • #434,580
  • Jul 15, 2016 9:59am Jul 15, 2016 9:59am
stopped out after i put a tight stop loss down to 131740 ... entered the short at 132720 ... that's ok for me and I out and in the weekend now ... green pips to all :-)
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