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Cable Update (GBPUSD)

  • #342,221
  • Jun 5, 2013 9:35am Jun 5, 2013 9:35am
Quoting taomql4
{quote} Nah .. What's a few Pips .. ..Let's hope the gyrations are over !!! {image}
Just that...a few pips We won't see any real direction moves until after tomorrow me thinks. But I've begun to build shorts and moved the stops off to "hopefully" avoid crazy spikes.

I have to bolt now. Going to see my Mom and get a new tire for the Harley. Enjoy and trade safe folks.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 51 KB
Ghost Rider - WWTBMD?
  • #342,222
  • Jun 5, 2013 9:41am Jun 5, 2013 9:41am
Quoting albchr
{quote} Yep, been hearing that for...what is it ....8 months or so this time? Just curious man, What price will it have to reach for you to get out of all those longs in profit bro?

no idea..so far technically i dont see an issue
  • #342,223
  • Jun 5, 2013 9:44am Jun 5, 2013 9:44am
Quoting nAVIN2007
{quote} no idea..so far technically i dont see an issue
No idea? Wow...that's scary. You're a braver soul than I. Well best of luck to ya anyway bro.
Ghost Rider - WWTBMD?
  • #342,224
  • Jun 5, 2013 9:48am Jun 5, 2013 9:48am
Quoting albchr
{quote} No idea? Wow...that's scary. You're a braver soul than I. Well best of luck to ya anyway bro.

im not emotional about it bro..im in this trade for the long hall..i need to see something which worries me..so far i see a dip reaction at 61.8 so if im right the target may be quite high but price need to progress..its this simple..


i go to work and trade but at the moment im very consumed with work so this thing can take another 6-9 months i dont actually care
  • #342,225
  • Jun 5, 2013 11:06am Jun 5, 2013 11:06am
GBP/USD – Rally Continues as UK Posts Another Solid PMI
  • #342,226
  • Jun 5, 2013 11:53am Jun 5, 2013 11:53am
she looking to give a baby
  • #342,227
  • Jun 5, 2013 12:07pm Jun 5, 2013 12:07pm
@naVIN, what do u think is goin to b todays high?
  • #342,228
  • Jun 5, 2013 12:24pm Jun 5, 2013 12:24pm
Quoting Ri Dwe
People only hear what they want to hear, and see what they want to see

You're solid.
  • #342,229
  • Jun 5, 2013 1:07pm Jun 5, 2013 1:07pm
Daily closing above 1.5382 might open to 1.5496,if below then 1.5268,From the chart pattern side the upside correction almost over soon
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 29 KB
If there was easy money lying around,no one would be forcing it into your
  • #342,230
  • Jun 5, 2013 5:30pm Jun 5, 2013 5:30pm
Quoting FXMindset
Daily closing above 1.5382 might open to 1.5496,if below then 1.5268,From the chart pattern side the upside correction almost over soon {image}
Well done Sir Mindset, you are reading PA well
Come with me if you want to live....
  • #342,231
  • Jun 5, 2013 7:06pm Jun 5, 2013 7:06pm
First cable trade for quite some time

Short at 1.54 looking for around 1.52

200 pipalatas para mi....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 71 KB
Money never sleeps...
  • #342,232
  • Jun 5, 2013 7:16pm Jun 5, 2013 7:16pm
Quoting inpatient
First cable trade for quite some time Short at 1.54 looking for around 1.52 200 pipalatas para mi.... {image}
1.52 ? So low ?

I see GBP/USD rather bullish...
  • #342,233
  • Jun 5, 2013 7:32pm Jun 5, 2013 7:32pm
Quoting siewhf
{quote} 1.52 ? So low ? I see GBP/USD rather bullish...


much will depend on NFP but i see at least the 23 fib being tested.
Money never sleeps...
  • #342,234
  • Jun 5, 2013 7:39pm Jun 5, 2013 7:39pm
Quoting inpatient
First cable trade for quite some time Short at 1.54 looking for around 1.52 200 pipalatas para mi.... {image}
I'm not to sure I would look to sell this pair..looks to me that dollar strength is weakening..momentum definitely seems to be shifting to bullish
  • #342,235
  • Jun 5, 2013 7:40pm Jun 5, 2013 7:40pm
now we see in 4H good short position coz she make beautiful head and shoulder. short 5387 tp 504
  • #342,236
  • Jun 5, 2013 7:44pm Jun 5, 2013 7:44pm
Quoting khol_hands
now we see in 4H good short position coz she make beautiful head and shoulder. short 5387 tp 504
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 49 KB
  • #342,237
  • Jun 5, 2013 7:46pm Jun 5, 2013 7:46pm
Quoting inpatient
First cable trade for quite some time Short at 1.54 looking for around 1.52 200 pipalatas para mi.... {image}


not my style but i have placed a stop @ BE, free trades are the best
Money never sleeps...
  • #342,238
  • Jun 5, 2013 8:11pm Jun 5, 2013 8:11pm
Quoting nAVIN2007
{quote} really I keep telling people "dont f*&k with meh currency" dont f&*k with da pound

Quoting bolade
{quote} You're solid.

I am not better than anyone else here. I too just want to see Cable going long (until the wave is completed .. 1.60-1.62 my guess) and don't bother if someone says my system is full of crap
Make it simple, but not simpler - Einstein
  • #342,239
  • Jun 5, 2013 8:13pm Jun 5, 2013 8:13pm
Would like to see 1.54 again to short down to 37. But I'm not sure if it's gonna happen.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #342,240
  • Jun 5, 2013 8:16pm Jun 5, 2013 8:16pm
I think we are approaching the final lap of the first wave. Hence time to pullback. So it will probably try higher to 1.544/1.549 during early London's session and go down to 1.530/1.533 or 1.526 in extension afterward. I'll watchout EMA(100) on H4 for support.

As it is only a pullback, tomorrow or next week we will see Cable trying to go up again and probably bounce back up and down along a channel first.

So it will be nice a spot to short today, but don't overtrade. Beware of trap. They'll buy everything we sell
Make it simple, but not simpler - Einstein
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