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Cable Update (GBPUSD)

  • #449,741
  • Feb 16, 2017 4:27am Feb 16, 2017 4:27am
Quoting Ill-b-back
{quote} I think 0620ish would be a good buy if it retreats of current resistance area {image} {image}
Well.. Seem like a good entry.. But sudden move to the support as per your suggestion might lead to different view.. For that, my opinion is.. May be not today..

Another point i want to point out is, i also watch how the swissy reacts towards 1.0..
  • #449,742
  • Feb 16, 2017 4:30am Feb 16, 2017 4:30am
Quoting DonMalaya
im short cable at 1.25000 ...SL 30pip... saw some heavy attention from sell side... im still believe 1.23000 target...the question is "when" this price will explore... https://www.youtube.com/watch?v=o_RCcHIg7Qc
Hello
You should really only enter opposite direction, once you have a candle hourly close opposite to that which you want to trade.
You shorted at 2500. Taking into consideration that you entered the trade, roughly when you posted the comment, it is an extremely risky trade.

If you want to go short, then wait for market to show you it's hand. Either extremely over bought, or over sold.

Your short would work out, if you had one red candle hourly close just above 2500, then on next hour short.

Your short would work out if you had one red candle close below 2500, then a green candle close above 2500, then short on next hour

Your short would work out if you had one red candle hourly close below 2500, then next hourly candle close lower red, then next hourly close green, then next hourly close red, short on next hour

Point is, market has to show you red, then it has to come back green to fetch you, before you go red.

It's not necessary to be "on the money" at the exact figure. If the market goes down through 5200, it will come back to above 80 on the green candle, to go down.

Here are some examples. I work on 3hr candles, london time frame.

When the 3am breaks, then the 6am has to "reset" at that break, in order for 7am "frankfurt open", to continue that 3am break. Like it did today.

If the 7am does not continue in line with the 3am candle, then I wait for 8am to "reset" in order for 9am to continue in direction with 6am.
Basically, I am looking to enter on the 2nd 3hour candle, only if there was an hourly "reset"
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  • #449,743
  • Feb 16, 2017 4:33am Feb 16, 2017 4:33am
Quoting JamesCZ
Btw. have anybody noticed this? Who is this crazy person? {image}
1 person is short 5,849 LOTS!!!???

WTF...???

Are only LIVE accounts shown in these stats?? I believe it is only live accounts.
Come with me if you want to live....
  • #449,744
  • Feb 16, 2017 4:36am Feb 16, 2017 4:36am
Quoting Ill-b-back
{quote} 1 person is short 5,849 LOTS!!!??? WTF...??? Are only LIVE accounts shown in these stats?? I believe it is only live accounts.
Ÿes, I have only live accounts there. Someone must have really big account and maybe knows something that we don't
-- There's no winner without lose --
  • #449,745
  • Feb 16, 2017 4:37am Feb 16, 2017 4:37am
Quoting JamesCZ
{quote} es, I have only live accounts there. Someone must have really big account and maybe knows something that we don't
or either on some LSD or drunk ....
Re-Incarnated
  • #449,746
  • Feb 16, 2017 4:39am Feb 16, 2017 4:39am
Quoting JamesCZ
{quote} es, I have only live accounts there. Someone must have really big account and maybe knows something that we don't
Well I'm up $5.80 from my 2466 entry lol....

So trying to wrap my head around the size of his account is like contemplating the universe
Come with me if you want to live....
  • #449,747
  • Feb 16, 2017 4:43am Feb 16, 2017 4:43am
that's about $60,000/pip FFS...
We have another rogue trader about to bring down the Bank of England...
Come with me if you want to live....
  • #449,748
  • Feb 16, 2017 4:44am Feb 16, 2017 4:44am
Quoting JamesCZ
Btw. have anybody noticed this? Who is this crazy person? {image}

Attached Image
  • #449,749
  • Feb 16, 2017 4:44am Feb 16, 2017 4:44am
gbp aud has consolidated down further but it really wants up
as cable

Quoting Bones
eye on tl {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,750
  • Feb 16, 2017 4:47am Feb 16, 2017 4:47am
well if we go straight up to 2611, I'm selling the hell out of it there...just saying...


just saw 2555, which should also be an R...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #449,751
  • Feb 16, 2017 4:50am Feb 16, 2017 4:50am
Quoting PayTheLimit
Just took a look at EG...spotted a rather sneaky support near 8486/89...don't think I'll trade it, but will use it as a clue perhaps...
this hit, but not sure what it means if anything....prolly should have just bought it for a scalp...oh well..
Look Sharp/Trade Tight
  • #449,752
  • Feb 16, 2017 4:54am Feb 16, 2017 4:54am
Quoting PayTheLimit
well if we go straight up to 2611, I'm selling the hell out of it there...just saying... {image}
IMHO, we might see higher price if only price manage to break about the 2525 resistance, and i'm looking fwd for the breakout. Hopefully, we will be able to see it by today.. Just my 2 cents tho.
  • #449,753
  • Feb 16, 2017 4:55am Feb 16, 2017 4:55am
Quoting JamesCZ
Btw. have anybody noticed this? Who is this crazy person? {image}
Maybe he knows a thing or two that we don't. Hahaha.
  • #449,754
  • Feb 16, 2017 4:56am Feb 16, 2017 4:56am
Quoting Ill-b-back
{quote} Well I'm up $5.80 from my 2466 entry lol.... So trying to wrap my head around the size of his account is like contemplating the universe
Closed out for $5.90 on TL contact bwahahaha

Waiting for a break,

don't want Citi or whoever the Fkuc it is dropping their 6,000 LOT bombs on my position
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #449,755
  • Feb 16, 2017 4:56am Feb 16, 2017 4:56am
Quoting FxLapozi
{quote} Maybe he knows a thing or two that we don't. Hahaha.
Maybe he short from the very top.. And stack every upmove
  • #449,756
  • Feb 16, 2017 4:58am Feb 16, 2017 4:58am
Quoting A-speculator
{quote} IMHO, we might see higher price if only price manage to break about the 2525 resistance, and i'm looking fwd for the breakout. Hopefully, we will be able to see it by today.. Just my 2 cents tho.
I prefer we go higher than that, then buy a pullback...
Look Sharp/Trade Tight
  • #449,757
  • Feb 16, 2017 4:59am Feb 16, 2017 4:59am
Quoting A-speculator
{quote} Maybe he short from the very top.. And stack every upmove
Probably HDA short from 7190 with loads of liquidity after working hard to convince everyone it was going to keep going up

And now he's back as "private"
Come with me if you want to live....
  • #449,758
  • Feb 16, 2017 4:59am Feb 16, 2017 4:59am
Quoting PayTheLimit
{quote} I prefer we go higher than that, then buy a pullback...
Yups
  • #449,759
  • Feb 16, 2017 5:01am Feb 16, 2017 5:01am
Hi,

I would be buying cable now, reason is simple $ getting weaker and it is having a break.
  • #449,760
  • Feb 16, 2017 5:03am Feb 16, 2017 5:03am
Looks like the shorting was about 50 min ago... Good luck to that dude
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