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Cable Update (GBPUSD)

  • #451,741
  • Apr 5, 2017 2:39pm Apr 5, 2017 2:39pm
Quoting digger1
{quote} no worries ,,,,we throw a gbpjpy trade out here every now and then ,,,,we just dont do it a lot , pretty dedicated gbpusd traders lol
Don't want it to do the 2540 first that might mean taking out 2420 ??? Still have hedges 3 long 3 short . Don't ask but if it hits any I wil tp and go for the other with 4
  • #451,742
  • Apr 5, 2017 2:40pm Apr 5, 2017 2:40pm
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  • #451,743
  • Apr 5, 2017 2:42pm Apr 5, 2017 2:42pm
Quoting elbert3
{quote} Don't want it to do the 2540 first that might mean taking out 2420 ??? Still have hedges 3 long 3 short . Don't ask but if it hits any I wil tp and go for the other with 4
2545 is quarterly open ,,,,,a test of that after the 1st drop somewhat normal on the quarterly cams
  • #451,744
  • Apr 5, 2017 2:46pm Apr 5, 2017 2:46pm
Quoting elbert3
{quote} Don't want it to do the 2540 first that might mean taking out 2420 ??? Still have hedges 3 long 3 short . Don't ask but if it hits any I wil tp and go for the other with 4
some more ad libbing,,,,, only this is a line chart lol
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  • #451,745
  • Apr 5, 2017 3:49pm Apr 5, 2017 3:49pm
Quoting elbert3
{quote} Strange this mornings move was on the move up from my entry point hours before the news was out ???!!!
Got to remember the big dogs that move these mkts have their own research depts ,,,,,,they can hit the numbers pretty damn close ,,,,,,,,the only difference is how much each fed bank fudges the numbers for what ever they are trying to accomplish
  • #451,746
  • Apr 5, 2017 4:17pm Apr 5, 2017 4:17pm
till I get proven wrong ,,,,,will be watching these levels to finish this off to the weekly pivot if and when it gets there ,,,,,cheers all,,,,,,, probably around frankie fake out time
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  • #451,747
  • Apr 5, 2017 9:04pm Apr 5, 2017 9:04pm
Quoting NMZee
{quote} Great. Your target done. I was long 110.33 closed at 110.80. Now shorted it first tp 110.60. Lets see if i get there or stopped out. We still have fomc minute coming later.
Tp 2 110.30 got hit during the 4 hour beauty sleep. All closed. Now just 1 sell open in cable from 2490.
  • #451,748
  • Apr 5, 2017 10:18pm Apr 5, 2017 10:18pm
Quoting NMZee
{quote} Tp 2 110.30 got hit during the 4 hour beauty sleep. All closed. Now just 1 sell open in cable from 2490.
Whats your tgt Ill try not to buy lol
  • #451,749
  • Apr 5, 2017 10:36pm Apr 5, 2017 10:36pm
Sold at 2490 as well... Target 2390 SL 2510
  • #451,750
  • Apr 5, 2017 10:36pm Apr 5, 2017 10:36pm
Quoting NMZee
{quote} Tp 2 110.30 got hit during the 4 hour beauty sleep. All closed. Now just 1 sell open in cable from 2490.
Hope you kept those news candle levels in mind
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  • #451,751
  • Apr 5, 2017 10:55pm Apr 5, 2017 10:55pm
Quoting digger1
{quote} Hope you kept those news candle levels in mind {image}
Tp is 2450. Not looking for big pips. Sl is 2504. It just need to break 2476 and we may see 2440.
  • #451,752
  • Apr 5, 2017 11:31pm Apr 5, 2017 11:31pm
Quoting NMZee
{quote} Tp is 2450. Not looking for big pips. Sl is 2504. It just need to break 2476 and we may see 2440.
well usually the 1st projection is pretty accurate , smaller ones are now in that area,,,,,,,,quarterly open,,,,,, like a daily or weekly open,,,,,,, does get used for support or resistance,,,,what better place to sell on an nfp good number than a big level such as oh the quarterly open ( or buy with a blast thru on a horrible number),,, employment data and interest rate data or anncs====== look for near big levels,,, spikes to it thru it etc,,,,,,many more pips available if your going with a mkt as opposed to counter trend not that counter trend is bad ya just have to close them not sit and let price come back to your stop at breakeven. little experience yapping lol,,, much more fun seeing a tgt 50 pips away get hit as opposed to a stop at breakeven getting tagged ,,,sounds like you done well in the yen ,,,happy for you. (nothing written in stone the mkt can surprise anyone lol)
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  • #451,753
  • Apr 5, 2017 11:50pm Apr 5, 2017 11:50pm
Quoting NMZee
{quote} Tp 2 110.30 got hit during the 4 hour beauty sleep. All closed. Now just 1 sell open in cable from 2490.
usd/yen chart I dont trade it much but an nfp spike to last quarters low on a good number would be what I would be watching for ,,,,,,,,, all things mentioned in previous post quarterly open being used for resistance, trendlines and projections ,,,,all there,,,,, all quite reliable ,,,,,,,,,,you just have to take the time to put them on your chart,,,,,,,,you are a currency trader,,,,,,,, thats your job .
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  • #451,754
  • Apr 6, 2017 1:14am Apr 6, 2017 1:14am
Quoting NMZee
{quote} Mr E, Digs Nala and all rest, i hope you wont mind a little yen talk here or is it not considered proper decorem for this thread.
Morning thanks for asking about gbj I seen it so I played it to 137.77 and woke to a nice proft
  • #451,755
  • Apr 6, 2017 2:02am Apr 6, 2017 2:02am
17/04/06 THURSDAY 09:00+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #451,756
  • Apr 6, 2017 2:12am Apr 6, 2017 2:12am
Movement support should be ??? 2435 ish I have a target buy there
  • #451,757
  • Apr 6, 2017 2:23am Apr 6, 2017 2:23am
sorry I post by mistake . updating soon.
Ok , the same , a false bo up as doing or already done perhaps to get the targets at down 1.2376/2340/30 or 2250 all ok before next try Bull. take care .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #451,758
  • Apr 6, 2017 2:56am Apr 6, 2017 2:56am
Quoting elbert3
{quote} Morning thanks for asking about gbj I seen it so I played it to 137.77 and woke to a nice proft
Lol thats great.
  • #451,759
  • Apr 6, 2017 2:59am Apr 6, 2017 2:59am
Quoting NMZee
{quote} Euro traders should think about shorting from 0680. Cable guys, sit tight kind of expansive tickets for long now. I am eyeing for a short.....2521 or 2502......!!!!!!
What a sweet drop in euro. Now its time for cable to get out of constipation and do something....☺
  • #451,760
  • Apr 6, 2017 3:51am Apr 6, 2017 3:51am
Quoting NMZee
{quote} What a sweet drop in euro. Now its time for cable to get out of constipation and do something....☺
Thank you cable, covered my short @ 2460.
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