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Cable Update (GBPUSD)

  • #448,441
  • Jan 30, 2017 7:10am Jan 30, 2017 7:10am
Quoting iamawaited
waiting to see what price does at 1.2426... {image}
Just added more selling to EU and one more sell to GU.... Going for new low on Eu and trying to test out 1.2426 on GU.
Trading Eternal...... Shiny & Chrome!!!!
  • #448,442
  • Jan 30, 2017 9:33am Jan 30, 2017 9:33am
Quoting Dr.Zain
{quote} Even further to 2460!!!!! {quote} Following you!!! 2460 Seems Buy Area!!!!
Yeh almost said target achieved!!! GL
  • #448,443
  • Jan 30, 2017 9:43am Jan 30, 2017 9:43am
Trying a long at 1.2487... ADR low and buying stepping in for the first time all day
  • #448,444
  • Jan 30, 2017 10:21am Jan 30, 2017 10:21am
Quoting iamawaited
{quote} Just added more selling to EU and one more sell to GU.... Going for new low on Eu and trying to test out 1.2426 on GU.
I just opened a short EU position, too.

For me, that's the 'less risk' trade over GBPUSD, at the moment.
  • #448,445
  • Jan 30, 2017 10:26am Jan 30, 2017 10:26am
going to try bidding 60/65 for a bounce, market seems active, and its a good level..so I'll give it a go
Look Sharp/Trade Tight
  • #448,446
  • Jan 30, 2017 10:28am Jan 30, 2017 10:28am
28 pairs he says....yea on a day like today...common dude...
Look Sharp/Trade Tight
  • #448,447
  • Jan 30, 2017 10:35am Jan 30, 2017 10:35am
Quoting Luzbay
{quote} I just opened a short EU position, too. For me, that's the 'less risk' trade over GBPUSD, at the moment.
less risk for sure and on the money to form new lows. For those buying GU for now GL.. but it looks like the slippery sliding downtrend to 1.23 and lower where some huge buyers will martingale buy till 1.32
Trading Eternal...... Shiny & Chrome!!!!
  • #448,448
  • Jan 30, 2017 11:05am Jan 30, 2017 11:05am
Quoting PayTheLimit
going to try bidding 60/65 for a bounce, market seems active, and its a good level..so I'll give it a go
thought I'd get a try, no mas...garbage time now...im outta here..laters
Look Sharp/Trade Tight
  • #448,449
  • Jan 30, 2017 11:11am Jan 30, 2017 11:11am
Long at 1.2475. This could be the low for this week. I'm still in buy dip mode so I think this is a good spot to load up.
I wanna be a billionaire so freaking bad!
  • #448,450
  • Jan 30, 2017 11:34am Jan 30, 2017 11:34am
Quoting Mr Breakout
Short term and swing traders should keep in mind that a breakout (to the downside) is still in progress... {image}
That breakout was real after all.

Next stop is 1.24, a powerful magnet.

Waiting for a pullback to 1.25 to go short.
Attached Image (click to enlarge)
Click to Enlarge Name: 30gbp.png Size: 209 KB
  • #448,451
  • Jan 30, 2017 11:40am Jan 30, 2017 11:40am
if you adjust that line down (left end )a whisker we have a winner

Quoting Mr Breakout
{quote} That breakout was real after all. Next stop is 1.24, a powerful magnet. Waiting for a pullback to 1.25 to go short. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,452
  • Jan 30, 2017 11:41am Jan 30, 2017 11:41am
you must not buy a 100pip cable candle (d1) at least to next day
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,453
  • Jan 30, 2017 11:42am Jan 30, 2017 11:42am
Quoting Bones
if you adjust that line down (left end )a whisker {quote}
Nope, I will not do such a thing, Bones
  • #448,454
  • Jan 30, 2017 11:43am Jan 30, 2017 11:43am
Quoting Mr Breakout
{quote} That breakout was real after all. Next stop is 1.24, a powerful magnet. Waiting for a pullback to 1.25 to go short. {image}

You were very sure that it should og to 1,28 too last week when I told you it would og down
  • #448,455
  • Jan 30, 2017 11:46am Jan 30, 2017 11:46am
Quoting MarianneOslo
{quote} You were very sure that it should og to 1,28 too last week when I told you it would og down
Sure, we all have opinions ("the market is going to go here, the market is going to do this or that..."), but at the end I always trade what the chart is saying, not my opinion, no matter how sound it looks at that moment.
  • #448,456
  • Jan 30, 2017 11:49am Jan 30, 2017 11:49am
the fundamental rule of a trendline is not to cut price up
look for yourself fellow im going to make it up friends
draw a trendline
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,457
  • Jan 30, 2017 11:56am Jan 30, 2017 11:56am
Quoting Bones
the fundamental rule of a trendline is not to cut price up look for yourself fellow im going to make it up friends draw a trendline
Oh really, is that so?

Look at the charts you have just posted, here is a perfectly good trendline from your examples and yet the price cuts through the line...
You should really stop trying to draw 100% perfect trendlines, it's a waste of time.
Attached Image (click to enlarge)
Click to Enlarge Name: Drawing-a-Bullish-Trend-Line.png Size: 248 KB
  • #448,458
  • Jan 30, 2017 11:56am Jan 30, 2017 11:56am
therefore your options are limited to how another professional would draw it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,459
  • Jan 30, 2017 11:57am Jan 30, 2017 11:57am
Quoting Mr Breakout
{quote} Sure, we all have opinions ("the market is going to go here, the market is going to do this or that..."), but at the end I always trade what the chart is saying, not my opinion, no matter how sound it looks at that moment.
well you did say the chart showed it would og to 1,28
  • #448,460
  • Jan 30, 2017 11:59am Jan 30, 2017 11:59am
I too can find very bad examples but the majority will be as I describe ,it must not close/open outside

Quoting Mr Breakout
{quote} Oh really, is that so? Look at the charts you have just posted, here is a perfectly good trendline from your examples and yet the price cuts through the line... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
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