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Cable Update (GBPUSD)

  • #434,581
  • Jul 15, 2016 12:06pm Jul 15, 2016 12:06pm
Sorry I'm not where I can do all this right now I'm on my phone. I'll have it for everyone later I promise! Anyway, the monthly chart paused within a wave 3 to retrace upward. But the wave 3 was not exhausted at 261.8%. It could still be going down for a while. So it might be that the correction we saw was a full wave 4......OR because a wave 3 will itself unfold in a 5 wave pattern.......the correction may have been a wave 4 inside of the continuing Wave 3.......if not we would be looking at an overall wave 5 going down right now.......my opinion is that we are not looking at a wave 5 down....but instead I see this as a smaller wave 5 inside of the continuing wave 3. If anyone is confused I apologize and I'll post my charts later explaining everything :-)
  • #434,582
  • Jul 15, 2016 12:23pm Jul 15, 2016 12:23pm
Quoting Dr.Phoenix
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...
Simplicity i find with this pair - generally buy back most of what they sell and sell back most of what they buy. Within reason that is.
Channels are seen a lot even on the smaller time frames usually on a 20 pip range in a chosen direction.
The reason i trade this pair on intraday - well you know that position trading is left to a miminal loss for the same reasons just mentioned.
Honestly cant remember the last time i had a stop loss hit on this pair - a long time ago thats for sure.
  • #434,583
  • Jul 15, 2016 1:31pm Jul 15, 2016 1:31pm
Quoting elbert3
3188 would be next buy for me
3180 is yours favorite point previously
  • #434,584
  • Jul 15, 2016 4:04pm Jul 15, 2016 4:04pm
this is a bit mad I have made 66 pips jumping trades on 1 min it's moving between 30 and 40 pips in a range it will breakout on Sunday night I hope to the long side ? Might be swapping trades from what traders thought short was best ? Because carney kept his cool and left the rate the same
  • #434,585
  • Jul 15, 2016 4:05pm Jul 15, 2016 4:05pm
Quoting Dr.Zain
{quote} 3180 is yours favorite point previously
Might be the meridian line lol regards
  • #434,586
  • Jul 15, 2016 4:08pm Jul 15, 2016 4:08pm
Quoting elbert3
{quote} Might be the meridian line lol regards
A (geographical) meridian (or line of longitude) is the half of an imaginary great circle on the Earth's surface, terminated by the North Pole and the South Pole, connecting points of equal longitude. The position of a point along the meridian is given by its latitude.
  • #434,587
  • Jul 15, 2016 4:11pm Jul 15, 2016 4:11pm
Quoting elbert3
this is a bit mad I have made 66 pips jumping trades on 1 min it's moving between 30 and 40 pips in a range it will breakout on Sunday night I hope to the long side ? Might be swapping trades from what traders thought short was best ? Because carney kept his cool and left the rate the same
I'd be cautious going long......that 30-40 pip range is totally normal especially for Friday. The trend is absolutely down take it from the experienced traders on here. What is your reasoning for going long? In a few hours I will be posting my analysis of a few of the major pairs. If you are interested you can see my trading journal for an explanation of why I believe going long is a bad idea. Cheers!!!
  • #434,588
  • Jul 15, 2016 4:26pm Jul 15, 2016 4:26pm
Quoting TaoTrader
{quote} I'd be cautious going long......that 30-40 pip range is totally normal especially for Friday. The trend is absolutely down take it from the experienced traders on here. What is your reasoning for going long? In a few hours I will be posting my analysis of a few of the major pairs. If you are interested you can see my trading journal for an explanation of why I believe going long is a bad idea. Cheers!!!
Hi thank you for your concern I trade my way and you and others trade your way . I say and you can read my past posts : the trades are my trades please trade your own trades : and that is what I do , I read your posts and others that post here some are good some win some lose that's the game , I look forward to your post . Regards E
  • #434,589
  • Jul 15, 2016 4:29pm Jul 15, 2016 4:29pm
Quoting TaoTrader
{quote} I'd be cautious going long......that 30-40 pip range is totally normal especially for Friday. The trend is absolutely down take it from the experienced traders on here. What is your reasoning for going long? In a few hours I will be posting my analysis of a few of the major pairs. If you are interested you can see my trading journal for an explanation of why I believe going long is a bad idea. Cheers!!!
Can you please list in your view the experienced traders .? It would be very interesting to read if you would not mind . Regards
  • #434,590
  • Jul 15, 2016 4:30pm Jul 15, 2016 4:30pm
Quoting elbert3
{quote} Hi thank you for your concern I trade my way and you and others trade your way . I say and you can read my past posts : the trades are my trades please trade your own trades : and that is what I do , I read your posts and others that post here some are good some win some lose that's the game , I look forward to your post . Regards E
Fair enough you sound a little irritated. I'm just trying to help I don't expect anyone to take my advice blindly its about learning and evolving as a trader. I want everyone to learn for themselves, I'm just here to enjoy the market and help anyone wherever I can. Your response was a little harsh I apologize if I offended you.
  • #434,591
  • Jul 15, 2016 4:32pm Jul 15, 2016 4:32pm
Quoting elbert3
{quote} Can you please list in your view the experienced traders .? It would be very interesting to read if you would not mind . Regards
Yes i will list them but I do not wish to get into a sparring match or trade insults on here. When that happens I withdraw to maintain the peace. I have no egoism when it comes to trading. Im all about learning, evolving, and sharing what i know.
  • #434,592
  • Jul 15, 2016 4:37pm Jul 15, 2016 4:37pm
Quoting TaoTrader
{quote} Fair enough you sound a little irritated. I'm just trying to help I don't expect anyone to take my advice blindly its about learning and evolving as a trader. I want everyone to learn for themselves, I'm just here to enjoy the market and help anyone wherever I can. Your response was a little harsh I apologize if I offended you.
Thank you and no not irate. Lol o have been trading for a couple of years now and my starting account was 10 k I have won a lot more than I have lost that is why you don't have to worry but thank you . Regards E
  • #434,593
  • Jul 15, 2016 4:47pm Jul 15, 2016 4:47pm
last day of trading we should remember others , viva la France , God bles
  • #434,594
  • Jul 15, 2016 8:35pm Jul 15, 2016 8:35pm
Quoting Ill-b-back
GA retesting channel after strong bearish June candle off 2.035, looking for signs of rejection before thinking of a possible target below. GU approaching my point of interest, on the channel/TL retest. Looking out for bearish signs also for next direction. {image} {image} {image} {image}
current daily GA PA looking hesitant as it heads up towards the channel retest after breaking down off the 23.6 fib
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 32 KB
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  • #434,595
  • Jul 16, 2016 2:27am Jul 16, 2016 2:27am
Quoting elbert3
last day of trading we should remember others , viva la France , God bles
As you can see the weekly closing for the Cable has been bearish and i would see that the opening day in the next week will also have a bearish formations
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  • #434,596
  • Jul 16, 2016 6:55am Jul 16, 2016 6:55am
Just what about gbp/usd on coming monday it will bearish or bullish
  • #434,597
  • Jul 16, 2016 8:01am Jul 16, 2016 8:01am
Quoting elbert3
{quote} A (geographical) meridian (or line of longitude) is the half of an imaginary great circle on the Earth's surface, terminated by the North Pole and the South Pole, connecting points of equal longitude. The position of a point along the meridian is given by its latitude.
Hey B,

What's up? Seems the kids are concerned for you, me too, but mostly because your mother was a policeman and the trouble and strife made you pick up a shovel. ​
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4716.jpg Size: 350 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #434,598
  • Jul 16, 2016 9:24am Jul 16, 2016 9:24am
Quoting Mr. Scott
{quote} Hey B, What's up? Seems the kids are concerned for you, me too, but mostly because your mother was a policeman and the trouble and strife made you pick up a shovel. ​ {image}
Hey boss how you doing ? You know me I can get a bit hot under the collar if I am under fire lol concern 143.000 reasons not to be . And the shovel that me needed a project hence not tooooooo many charts . Losing trades well not a problem it's like stock building pick pips up here and there to fund them and then it normally all comes back in to play just like last week 4 traded under water then the fifth one 3111 was the trigger all the way to my target posted but Dr Zain had it better than I did lol well should not explain to you I know you read the posts was last weeks tiger really lose ? Regards as ever B x
  • #434,599
  • Edited 12:17pm Jul 16, 2016 12:07pm | Edited 12:17pm
I would suggest use gbp nzd to help with weekly conclusions ,nsd/usd is a credible w1 engulf
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 nzd USD (DFB).png Size: 31 KB
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 25 KB
Click to Enlarge Name: 1 gbp NZD (DFB).png Size: 21 KB
Click to Enlarge Name: 1 nzd month USD (DFB).png Size: 27 KB
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  • #434,600
  • Jul 16, 2016 6:30pm Jul 16, 2016 6:30pm
Quoting Bones
I would suggest use gbp nzd to help with weekly conclusions ,nsd/usd is a credible w1 engulf {image} {image} {image} {image}
​Hey Bones,

How's things? Some NZD...little China, little Cpi...

http://www.forexfactory.com/showthre...95#post9032195
The world you desire can be won. It exists.. it is real.. it is possible..
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