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Cable Update (GBPUSD)

  • #439,881
  • Sep 13, 2016 3:31am Sep 13, 2016 3:31am
Quoting Lock
{quote} ....Consider anyway that the yesterday pit session pool back low is a reference for lower timeframes. So the fact that price tagged it exactly is not a great sign of streanght. It could be considered pretty weak on a longer perspective: so carry this information forward, if you like.
Quoting Lock
{quote} Note also that C period low tags exactly yesterday GB close at 3310. And finally note that price went multiple times up and down open price: there is lack of conviction for now.
....as you see.
Ubi maior minor cessat
  • #439,882
  • Sep 13, 2016 3:34am Sep 13, 2016 3:34am
even although the news is poor the price has hardly moved.
Striving for consistency
  • #439,883
  • Sep 13, 2016 3:35am Sep 13, 2016 3:35am
Quoting Wdfx
even although the news is poor the price has hardly moved.
Yes but the percentages are not that bad....that's my understanding anyway, might knock some wind out of Cables sails though
Don't Leave Money on the Table
  • #439,884
  • Sep 13, 2016 3:37am Sep 13, 2016 3:37am
Quoting HaLBot
{quote} Yes but the percentages are not that bad....that's my understanding anyway, might knock some wind out of Cables sails though
I have a sell order at 3295, just missed kicking in. Time to walk the dogs
Striving for consistency
  • #439,885
  • Sep 13, 2016 3:40am Sep 13, 2016 3:40am
Quoting Wdfx
even although the news is poor the price has hardly moved.
They probably have longs on their books so they will push price higher before we drop
  • #439,886
  • Sep 13, 2016 3:40am Sep 13, 2016 3:40am
Now B and D period made a poor low just at a VIP reference. Surely the lack of buying tale could be compensated by the support of the remaining GB gap up and it could go higher from here, but again, this low is very very weak right now. So if you are buying, carry this information forward.
Ubi maior minor cessat
  • #439,887
  • Sep 13, 2016 3:42am Sep 13, 2016 3:42am
Quoting Wdfx
{quote} I have a sell order at 3295, just missed kicking in. Time to walk the dogs
remember what happens when you walk em dogs with open positions
I'm high on trading, cant you tell?
  • #439,888
  • Sep 13, 2016 3:43am Sep 13, 2016 3:43am
Love news trading
The easiest pips I ever make
That's me done for the day
Got the pre move -10 pips.
Actually thought that it would be bearish- but saw Kathy Lien was saying that she expected CPI to be beaten
Got another 10 on the news
And got the fade 5 pips- should have been more
  • #439,889
  • Sep 13, 2016 3:45am Sep 13, 2016 3:45am
Quoting HaLBot
{quote} Hows this..... If you just make 4% a month that's 60% after 12 months...Problem is we tend to stuff things up instead of easy does it..
The issue now becomes account size
I'm high on trading, cant you tell?
  • #439,890
  • Sep 13, 2016 3:46am Sep 13, 2016 3:46am
Quoting HaLBot
{quote} Hows this..... If you just make 4% a month that's 60% after 12 months...Problem is we tend to stuff things up instead of easy does it..
my math tell me 12mths times 4% 12*4=48%
  • #439,891
  • Sep 13, 2016 3:49am Sep 13, 2016 3:49am
Quoting Sammih
{quote} I get your point. Unlike you however, I'm bullish on this market, I think 3420 could be hit today. I'm using daily range for the pair to make that estimation, I think the lowest we could get today without turning bearish for the day is 3300. That makes 3400 a real possibility on the upside. {quote} Welcome m8, share your ideas, we'd love to read them I'm bullish today. Here is a fine strategy I sometimes use on break outs. When price breaks out of previous days range, I use the previous day as the range for fib and aim for betwwen 138-161...
buy limit triggered at 3305
I'm high on trading, cant you tell?
  • #439,892
  • Sep 13, 2016 3:50am Sep 13, 2016 3:50am
Quoting gezis
{quote} my math tell me 12mths times 4% 12*4=48%
Yours is simple interest, Hal is compounding his profits
I'm high on trading, cant you tell?
  • #439,893
  • Sep 13, 2016 3:50am Sep 13, 2016 3:50am
Quoting gezis
{quote} my math tell me 12mths times 4% 12*4=48%
Your Math is spot on but each month your account grows by 4%....
Don't Leave Money on the Table
  • #439,894
  • Sep 13, 2016 4:01am Sep 13, 2016 4:01am
Quoting Lock
Now B and D period made a poor low just at a VIP reference. Surely the lack of buying tale could be compensated by the support of the remaining GB gap up and it could go higher from here, but again, this low is very very weak right now. So if you are buying, carry this information forward.
Price took out BD poor low ....what a surprise!

"Market is a continuous two ways auction process." JD
Ubi maior minor cessat
  • #439,895
  • Sep 13, 2016 4:08am Sep 13, 2016 4:08am
Quoting andoseg2
Supply increase. Prior to a fall ? {image} {image}

update : Time to cover :

Attached Image (click to enlarge)
Click to Enlarge Name: g.png Size: 38 KB
Money moves the market, not an indicator.
  • #439,896
  • Sep 13, 2016 4:09am Sep 13, 2016 4:09am
I am down.

sell stop deleted in 8 hs by now if not triggered
Attached Image (click to enlarge)
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  • #439,897
  • Sep 13, 2016 4:12am Sep 13, 2016 4:12am
Quoting Wdfx
{quote} I have a sell order at 3295, just missed kicking in. Time to walk the dogs
Starting to see a trend....if we stall at 1.3280 ...maybe consider a second walk if they're up for it
  • #439,898
  • Sep 13, 2016 4:16am Sep 13, 2016 4:16am
Trade one SL hit.

Added Long at 3290.

Will abandon ship if price closes below 3278
I'm high on trading, cant you tell?
  • #439,899
  • Sep 13, 2016 4:28am Sep 13, 2016 4:28am
Now this move down removed a lot of weak hands participants from the buy side.
Ubi maior minor cessat
  • #439,900
  • Sep 13, 2016 4:28am Sep 13, 2016 4:28am
Quoting Sammih
Trade one SL hit. Added Long at 3290. Will abandon ship if price closes below 3278
3260 is weekly open , 3263 is todays S1 , gbpjpy may drag it up if that ever gets moving I just took a few 3278 with the hard stp below yesterdays low , will decide before that gets hit , but still looking for a bounce out of here
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