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Cable Update (GBPUSD)

  • #448,961
  • Feb 3, 2017 9:24am Feb 3, 2017 9:24am
fucking gbp not react to usd poor data
  • #448,962
  • Feb 3, 2017 9:44am Feb 3, 2017 9:44am
2537 is a nice number
  • #448,963
  • Feb 3, 2017 9:48am Feb 3, 2017 9:48am
Quoting funzodundee
Long gbp/usd 1.2486 target 1.2586
I think I was a bit optimistic.
Position closed 1.2509
It's a big game.
  • #448,964
  • Feb 3, 2017 9:49am Feb 3, 2017 9:49am
Quoting mikok730
fucking gbp not react to usd poor data
Yep, basically, it did absolutely nothing. Now GJ on the other hand did something. Made a bee-line for 140.45xx. I don't know if that pair is ever coming up for air. Let's see....Crappy US data, USD still plunging like a rock as we speak, all majors gain aginst USD, and the Pound goes.....down.....against a weak dollar AND an even weaker yen. Dwain UK knows all. Please tell.
  • #448,965
  • Feb 3, 2017 10:36am Feb 3, 2017 10:36am
break retest buy easy 8+
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 51 KB
  • #448,966
  • Feb 3, 2017 11:47am Feb 3, 2017 11:47am
2520 gone short flipped out of long was looking for 2537. ???
  • #448,967
  • Feb 3, 2017 1:12pm Feb 3, 2017 1:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 82 KB
  • #448,968
  • Feb 3, 2017 2:21pm Feb 3, 2017 2:21pm
Quoting Mr Breakout
Possible scenario for the day: Retrace to 1.2550ish and then down some more...
GBP/USD came 12 pips near that level and then dropped almost 100 pips.
Oh well, we will nail that sucker next time...
  • #448,969
  • Feb 3, 2017 2:25pm Feb 3, 2017 2:25pm
Quoting Mr Breakout
{quote} GBP/USD came 12 pips near that level and then dropped almost 100 pips. Too bad, we will nail this sucker next time...
You might not like this but my swap short at 2520 was off a tl and a doji on the 15 min chart 100% confidant 5 lots with no stop . Tl and Doji do work . Lol regards E
  • #448,970
  • Feb 3, 2017 2:31pm Feb 3, 2017 2:31pm
Little 5 min bottom tl just broke 78 so it's going to the nfp bottom
  • #448,971
  • Feb 3, 2017 2:41pm Feb 3, 2017 2:41pm
Quoting elbert3
{quote} You might not like this but my swap short at 2520 was off a tl and a doji
Trading is always a probability game and even the best chart patterns DO fail.
The trick is not to lose too much when they fail, and let the profits run when they work.

Quoting elbert3
on the 15 min chart 100% confidant 5 lots with no stop . Tl and Doji do work . Lol regards E
On the 15-min chart an easy 50 pip was up for grabs, see chart below (No I did not earn that 50 pips, I don't like to trade on NFP days).
See, super easy, no need to draw 3,000 trendlines on 6 different time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 156 KB
  • #448,972
  • Feb 3, 2017 2:54pm Feb 3, 2017 2:54pm
Quoting Mr Breakout
{quote} Trading is always a probability game and even the best chart patterns DO fail. The trick is not to lose too much when they fail, and let the profits run when they work. {quote} On the 15-min chart an easy 50 pip was up for grabs, see chart below (No I did not earn that 50 pips, I don't like to trade on NFP days). See, super easy, no need to draw 3,000 trendlines on 6 different time frames. {image}
Each to his own as long as we make money . Regards E
  • #448,973
  • Edited 3:29pm Feb 3, 2017 3:11pm | Edited 3:29pm
Quoting elbert3
{quote} Each to his own as long as we make money .
Yes, but making money with less stress and less "work" is even better.

That's why I strongly believe in keeping things very, very, very simple.

Thousands of backtests have shown that simple trading systems are more robust and more profitable than "complicated" systems.

The famous Turtles made millions and millions with a simple Donchian system (buy when the market makes a new X days high and sell short when it makes a new Y days low).

That's it.

And yet most traders will never believe that it is possible to make money with such a "childish" trading system. No, they want complicated, complex systems because they believe that "sophisticated" trading strategies (the ones with 20 different indicators and 50 parameters) are the most profitable.
  • #448,974
  • Feb 3, 2017 3:20pm Feb 3, 2017 3:20pm
I'm gonna cook me up some levels later, some tasty ones, premium stuff, after I put the family to bed, and the house is dark..might even pour me a glass of Patron to boot...
Look Sharp/Trade Tight
  • #448,975
  • Feb 3, 2017 3:21pm Feb 3, 2017 3:21pm
i think closed should be down side!
One Day U Will Miss me!
  • #448,976
  • Feb 3, 2017 3:44pm Feb 3, 2017 3:44pm
Quoting aliqazi
i think closed should be down side!
The cable is probably going to gap up on Sunday, dance a little range mode style, like this guy here (YouTube's most viewed video ever at over 2.2 billion views ) and then go down even more.

Inserted Video
  • #448,977
  • Edited 5:21pm Feb 3, 2017 5:05pm | Edited 5:21pm
consolidation no real follow through because the chart not that clear unlike the other week it trended well
I believe its uptrend only I don't know the line the reason is the 2 week or even 1 month ive been here last week you won't see 1.2 this is still the case
in fact it went higher
if it goes lower expect a reversal high probability in the next week or two
It can consolidate for 2 weeks still be same ideally over that middle band

you can look yourself the first 2 week candle like that size etc what next every time
this one is gap down then up off big round number and look left huge wick at a current bottom
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd 2 w Screenshot 2017-02-03_22-59-58.png Size: 37 KB
Click to Enlarge Name: 1 gbp d1 Screenshot 2017-02-03_23-14-08.png Size: 97 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,978
  • Edited 5:32pm Feb 3, 2017 5:05pm | Edited 5:32pm
A few I will consider next week....

A and B I will go on, but only after we tag C

C I really like, except to the time it was made...Asian hours...prolly was GJ buying...but otherwise its sneaky..

D Looks tight, but its also the 50% retrace of the 1985/2706 leg, so everyone and their mother will be on it...

E and F are sneaky, but I will only go on one of them...take a better look later...

edit..

Its C...its was always gonna be C, from the minute I drew it really...its the sneaky play, run the stops under 2410, get the market to look bearish, but stop short of the bulls looking to buy the 50% retrace...and it wasn't GJ buying, it was outright cable buying to start that week....I'll lay some cheese on it, that's for damn sure...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 61 KB
Look Sharp/Trade Tight
  • #448,979
  • Feb 3, 2017 7:34pm Feb 3, 2017 7:34pm
Quoting PayTheLimit
A few I will consider next week.... A and B I will go on, but only after we tag C C I really like, except to the time it was made...Asian hours...prolly was GJ buying...but otherwise its sneaky.. D Looks tight, but its also the 50% retrace of the 1985/2706 leg, so everyone and their mother will be on it... E and F are sneaky, but I will only go on one of them...take a better look later... edit.. Its C...its was always gonna be C, from the minute I drew it really...its the sneaky play, run the stops under 2410, get the market to look bearish, but...
You buy C run it up to B then short? But if price goes up to B,A first you wont short?

edit: where do you put your stops and tp btw?
  • #448,980
  • Edited 12:45am Feb 4, 2017 12:27am | Edited 12:45am
Quoting Noors
{quote} You buy C run it up to B then short? But if price goes up to B,A first you wont short? edit: where do you put your stops and tp btw?
B is too close right now for a short me thinks. Plus I would prefer we make a LL first. Same for A, although A is far enough that if we went strait back up there I might take a flyer. Both A and B are in that daily bearish engulfing candle from Thursday.

Stops, lately I've been using 20 pips for cable, but tightening then pretty quickly...

TP, will depend on what other resistance has formed at the time I get filled, but lately I've been aiming for quick scalps, 20-30 pips....
Look Sharp/Trade Tight
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