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Cable Update (GBPUSD)

  • #449,801
  • Edited 9:29pm Feb 16, 2017 9:13pm | Edited 9:29pm
Also watching the 2460 now as support for possible cup and handle bullish continuation. Any bear move is game.
Will be watching this mornings price action for any new greens on heiken below the alligator on TF 1,5,15 after a possible short lived strong bearish to small demand areas for bullish profit.

http://www.forexfactory.com/showthre...92#post9567792
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 15min cup.png Size: 68 KB
Click to Enlarge Name: small demand.png Size: 72 KB
  • #449,802
  • Edited 10:35pm Feb 16, 2017 10:19pm | Edited 10:35pm
looking to trade against these levels today....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 55 KB
Look Sharp/Trade Tight
  • #449,803
  • Feb 16, 2017 10:28pm Feb 16, 2017 10:28pm
Quoting PayTheLimit
looking to trade against these levels today.... {image}
What are these levels based upon?
  • #449,804
  • Feb 16, 2017 10:31pm Feb 16, 2017 10:31pm
Quoting Nala66
{quote} What are these levels based upon?
purely PA...I've slowly done away with everything else..
Look Sharp/Trade Tight
  • #449,805
  • Feb 16, 2017 10:35pm Feb 16, 2017 10:35pm
So if it crosses your line you place a trade for the recross, is that right, i.e a pending order at the broken level.
  • #449,806
  • Feb 16, 2017 10:39pm Feb 16, 2017 10:39pm
Quoting Nala66
So if it crosses your line you place a trade for the recross, is that right, i.e a pending order at the broken level.
No, if I decide I'm going to use a level, I place a pending right on the level...for example, right now, I'd be a seller at 2555...
Look Sharp/Trade Tight
  • #449,807
  • Feb 16, 2017 10:53pm Feb 16, 2017 10:53pm
Quoting Nala66
So if it crosses your line you place a trade for the recross, is that right, i.e a pending order at the broken level.
what about you, still using those quarters...I browsed your thread some...you use the levels more as a map to a trade you enter based on other criterion, correct?
Look Sharp/Trade Tight
  • #449,808
  • Feb 16, 2017 10:54pm Feb 16, 2017 10:54pm
Quoting PayTheLimit
{quote} No, if I decide I'm going to use a level, I place a pending right on the level...for example, right now, I'd be a seller at 2555...
Gee that's confidence...
  • #449,809
  • Feb 16, 2017 11:00pm Feb 16, 2017 11:00pm
Quoting Nala66
{quote} Gee that's confidence...
well what the hell does that mean?
Look Sharp/Trade Tight
  • #449,810
  • Feb 16, 2017 11:03pm Feb 16, 2017 11:03pm
Quoting PayTheLimit
{quote} well what the hell does that mean?
Just that it is based on very little information.
  • #449,811
  • Feb 16, 2017 11:05pm Feb 16, 2017 11:05pm
Today the cable will follow eurusd direction it made yesterday... meaning that the trend line everyone is posted formed on the 4h will be broken... we will see the 1.26s today just don't know how high or the reaction it will have there when reached! laterz
  • #449,812
  • Feb 16, 2017 11:06pm Feb 16, 2017 11:06pm
Quoting Nala66
{quote} Just that it is based on very little information.
You mean, I'm basing my intention on selling at 2555 on very little information?
Look Sharp/Trade Tight
  • #449,813
  • Feb 16, 2017 11:09pm Feb 16, 2017 11:09pm
Quoting PayTheLimit
{quote} You mean, I'm basing my intention on selling at 2555 on very little information?
Yes but if it works for you good on ya.
  • #449,814
  • Feb 16, 2017 11:11pm Feb 16, 2017 11:11pm
Quoting Nala66
{quote} Yes but if it works for you good on ya.
Yes, I'm finding the less information, the better so to speak. We will see if it works in a while I guess.

What about you, what information are you using to trade? Whats your angle?
Look Sharp/Trade Tight
  • #449,815
  • Feb 16, 2017 11:23pm Feb 16, 2017 11:23pm
I still like 140.75 in GJ, think I'll try it....
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #449,816
  • Feb 16, 2017 11:23pm Feb 16, 2017 11:23pm
holiday mode,just watching on tv,this friday should be bad for many.so just stay safe peole.take care,fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,817
  • Feb 16, 2017 11:25pm Feb 16, 2017 11:25pm
Quoting fontu
holiday mode,just watching on tv,this friday should be bad for many.so just stay safe peole.take care,fontu
Fontu, have a cold beverage, and put you feet up man. You deserve it. Enjoy...
Look Sharp/Trade Tight
  • #449,818
  • Feb 16, 2017 11:30pm Feb 16, 2017 11:30pm
You wouldn't want to know because it is far more complicated but I need to know where price is going, when and what I must do if I am wrong ie. The SET, Stop, Entry, Target.

Now I know you are going to say no one knows where the price is going and that is OK if you believe that. Actually I am fed up with arguing the point so I don't anymore.

There are conditions that set up every day like a spring being put under load and then it lets go usually very quickly.
  • #449,819
  • Feb 16, 2017 11:35pm Feb 16, 2017 11:35pm
Quoting Nala66
You wouldn't want to know because it is far more complicated but I need to know where price is going, when and what I must do if I am wrong ie. The SET, Stop, Entry, Target. Now I know you are going to say no one knows where the price is going and that is OK if you believe that. Actually I am fed up with arguing the point so I don't anymore. There are conditions that set up every day like a spring being put under load and then it lets go usually very quickly.
Nope, you got me confused with someone else. I'm not going to discredit your method or philosophy in the least. You got an angle on them, and are making money, fantastic.
Look Sharp/Trade Tight
  • #449,820
  • Feb 16, 2017 11:35pm Feb 16, 2017 11:35pm
Quoting PayTheLimit
{quote} Fontu, have a cold beverage, and put you feet up man. You deserve it. Enjoy...
no cold but just finished hot tea,ready for little warm up my old haggered muscle before excercise. thanks,fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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