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Cable Update (GBPUSD)

  • #451,021
  • Mar 16, 2017 11:57am Mar 16, 2017 11:57am
Quoting diana91
Current look on this pair is making my eyes wet... I knew that decline was not going to last... Nevermind, I hope that others have got many green pips.

I'm with you Diana i lost 1.5k lol T_T
  • #451,022
  • Mar 16, 2017 12:07pm Mar 16, 2017 12:07pm
Quoting elbert3
{quote} Have a look on 5 min there is a doji top from early today have to be carefull it might want to go off to 2300
Yep,, out
  • #451,023
  • Mar 16, 2017 12:09pm Mar 16, 2017 12:09pm
Quoting digger1
{quote} Yep,, out
7 pips 15 lot at 2370 have to play as I post
  • #451,024
  • Mar 16, 2017 12:11pm Mar 16, 2017 12:11pm
Quoting digger1
{quote} Yep,, out
62 again
  • #451,025
  • Mar 16, 2017 12:19pm Mar 16, 2017 12:19pm
Quoting elbert3
{quote} 62 again
May drop to 2330 next time if it can't push above 2377 its trying to push thru tht tho
  • #451,026
  • Mar 16, 2017 12:29pm Mar 16, 2017 12:29pm
Quoting digger1
{quote} May drop to 2330 next time if it can't push above 2377 its trying to push thru tht tho
Pound lpushing up and not just agaist usd but other pairs as wlell.

Pound starting to loose steam now... wonder is profit taking is commin in
  • #451,027
  • Mar 16, 2017 12:32pm Mar 16, 2017 12:32pm
2377 is daily cam breakout level , 2330 is the weekly cam tgt for for a breakout of weekly cam L4 which it has surpassed, may even dribble down to last weeks high , we have the quarterly open at 2329 tho,,,,,,, just so the numbers dont appear like I drew them out of a hat lol.
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  • #451,028
  • Mar 16, 2017 12:38pm Mar 16, 2017 12:38pm
Quoting elbert3
{quote} 7 pips 15 lot at 2370 have to play as I post
yea , bout triple at the area I posted to be looking for longs before the london session ,,,,,, broke thru weekly L4 yesterday came back to it ,,,,,,,, went to its tgt and then some ,,,,, good week so far lol
  • #451,029
  • Mar 16, 2017 12:56pm Mar 16, 2017 12:56pm
Quoting jpcashflow
{quote} Pound lpushing up and not just agaist usd but other pairs as wlell. Pound starting to loose steam now... wonder is profit taking is commin in
Sure there is some profit taking happening , end of the week really for the big dogs I would imagine
  • #451,030
  • Mar 16, 2017 12:58pm Mar 16, 2017 12:58pm
Quoting digger1
{quote} yea , bout triple at the area I posted to be looking for longs before the london session ,,,,,, broke thru weekly L4 yesterday came back to it ,,,,,,,, went to its tgt and then some ,,,,, good week so far lol
Got 9 from the last and short spinning top type on 4 hour ??? What do you think
  • #451,031
  • Mar 16, 2017 1:15pm Mar 16, 2017 1:15pm
Quoting elbert3
{quote} Got 9 from the last and short spinning top type on 4 hour ??? What do you think
Reckon from here on out till London it will keep dribbling down ,,,, looks like the big boys have called it a day. here it is lol, half hour chart with a 5 min stochs , all you can do is look for clues and go with the direction "they " are going
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  • #451,032
  • Mar 16, 2017 1:17pm Mar 16, 2017 1:17pm
I shorted tht shoulder , looking for 2330ish any way
  • #451,033
  • Mar 16, 2017 1:20pm Mar 16, 2017 1:20pm
Quoting digger1
{quote}Reckon from here on out till London it will keep dribbling down ,,,, looks like the big boys have called it a day. here it is lol, half hour chart with a 5 min stochs , all you can do is look for clues and go with the direction "they " are going {image}
Yes that's a big tail on the 4 hour so it could even just pull back and eat it all back up again ?? Watch the 5 min ? Careful we could be trolls again but the trolls have it all right today lol
  • #451,034
  • Mar 16, 2017 1:23pm Mar 16, 2017 1:23pm
Quoting digger1
I shorted tht shoulder , looking for 2330ish any way
Some nice pips on them last 3 trades the short was as thought 2344 was last bounce so looking at taking the short profit
  • #451,035
  • Mar 16, 2017 1:25pm Mar 16, 2017 1:25pm
Quoting elbert3
{quote} Yes that's a big tail on the 4 hour so it could even just pull back and eat it all back up again ?? Watch the 5 min ? Careful we could be trolls again but the trolls have it all right today lol
just pointing out levels man , lol
  • #451,036
  • Mar 16, 2017 1:28pm Mar 16, 2017 1:28pm
Quoting digger1
{quote} just pointing out levels man , lol
Gl dinner time so no phone so the moves are on lol .
  • #451,037
  • Mar 16, 2017 1:29pm Mar 16, 2017 1:29pm
Quoting elbert3
{quote} Gl dinner time so no phone so the moves are on lol .
Watch 1 min 45 ??????
  • #451,038
  • Mar 16, 2017 1:31pm Mar 16, 2017 1:31pm
Lol, watching but for the quarterly open, Ill see what happens there if and when it gets there
  • #451,039
  • Mar 16, 2017 2:05pm Mar 16, 2017 2:05pm
Quoting digger1
Lol, watching but for the quarterly open, Ill see what happens there if and when it gets there
See told you my mothers a policeman
  • #451,040
  • Mar 16, 2017 6:20pm Mar 16, 2017 6:20pm
I don't know what all you folks are referencing, all I see is a series of measured moves. There is only so much money involved and this simply swings from one hand to another or zero sum if you like.

All that is required is to watch the side of the break and a specific triangle formation plots the AB = CD for you.

There is no more mumbo - jumbo to it that that. In other words there is a formation phase (loading) and an execution phase. Speculating during a formation phase is a risky business and many people lose money trying to outguess the outcome. They could be equally right or wrong but 50/50 odds are not good when one throws in the emotions traders undergo.

Remember all that happens is AB = CD and our task is to extract a profit during the CD execution phase because we know the distance price is going to move despite people saying we cannot know this. If you don't believe this I have no problem with that at all.

The orange box you see on my chart is my personal profit target of 40 pips. I can simply set a pending order above or below (or both) the triangle formation and as long as it fits comfortably within the targeted distance I am very likely to profit from it. In other words I take the meat out of the sandwich.
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