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Cable Update (GBPUSD)

  • #343,381
  • Jun 27, 2013 5:12am Jun 27, 2013 5:12am
Quoting albchr
{quote} I don't know for sure but this has been my thinking all week. Poor GBP data could change things though. We'll see. {quote}
Well done mate!

Have a look at the monthly chart:

opening 1.52
lowest 1.5190
highest 1.575

A 500 falllllllllllllllllllllllllllllll

Then, this month will be closed bellow 1.52
  • #343,382
  • Jun 27, 2013 5:22am Jun 27, 2013 5:22am
Quoting Vilkas
{quote} so what is next on the table?
Well, if you haven't been reading all my previous posts, as we can see the 23.6% (5196 area) is all but inevitable now.

Only question for me is will we get a bounce from this 5260 area to load more shorts. With the GBP data today, that may not happen but it's not out of the question yet as the Dollar data (what it's waiting on now) may be poor and give it a bump. For me (in the big picture), as it has been since 6300, selling rallies makes more sense.
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Ghost Rider - WWTBMD?
  • #343,383
  • Jun 27, 2013 5:40am Jun 27, 2013 5:40am
Quoting Maso
{quote} Well done mate! Have a look at the monthly chart: opening 1.52 lowest 1.5190 highest 1.575 A 500 falllllllllllllllllllllllllllllll Then, this month will be closed bellow 1.52
Thanks bro!

I'm not going to get "too" excited about a month close below 5200 just yet. Although it would be nice, imo the course was set a long time ago and it's just a matter of waiting for the right entries now. I wish I had a bigger account. If I did I'd still be holding a bunch from on high here. But I like trading the Mistress and Dragon more and just don't have the margin to cover them all.
Ghost Rider - WWTBMD?
  • #343,384
  • Jun 27, 2013 8:32am Jun 27, 2013 8:32am
Man this pair can be such a SLUG!
Ghost Rider - WWTBMD?
  • #343,385
  • Jun 27, 2013 8:39am Jun 27, 2013 8:39am
Quoting albchr
Man this pair can be such a SLUG!
Range round 140 pips yesterday and over 100 so far today what you looking for?
  • #343,386
  • Jun 27, 2013 8:43am Jun 27, 2013 8:43am
Quoting claudia1
{quote} Range round 140 pips yesterday and over 100 so far today what you looking for?
Movement. lol
Ghost Rider - WWTBMD?
  • #343,387
  • Jun 27, 2013 8:55am Jun 27, 2013 8:55am
Quoting albchr
{quote} Movement. lol
Well look I just put a huge order in and made it move
  • #343,388
  • Jun 27, 2013 9:09am Jun 27, 2013 9:09am
I will long 5190 TP 5800 if SL 5160
long 5060 TP 5800
long long long any level below 5200. Next week will be huge sell off of dollar

we are very near that key level 5200

5200 LONG
  • #343,389
  • Jun 27, 2013 9:13am Jun 27, 2013 9:13am
Quoting claudia1
{quote} Well look I just put a huge order in and made it move
You're a Goddess... lol
Ghost Rider - WWTBMD?
  • #343,390
  • Jun 27, 2013 9:13am Jun 27, 2013 9:13am
This week was shorting 5430 TP 5330 and today short 5330 TP 5270
  • #343,391
  • Jun 27, 2013 9:14am Jun 27, 2013 9:14am
come come come 5200 i am waiting
  • #343,392
  • Jun 27, 2013 9:15am Jun 27, 2013 9:15am
Quoting Trader88q
I will long 5190 TP 5800 if SL 5160 long 5060 TP 5800 long long long any level below 5200. Next week will be huge sell off of dollar we are very near that key level 5200 5200 LONG
Sooo.....you're planning to long? Somehow, your message wasn't very clear...

What's behind your view of a "huge dollar selloff" ?
Ghost Rider - WWTBMD?
  • #343,393
  • Jun 27, 2013 9:24am Jun 27, 2013 9:24am
Quoting albchr
{quote} Sooo.....you're planning to long? Somehow, your message wasn't very clear... What's behind your view of a "huge dollar selloff" ?
Its not view its technical analysis. Fibo 78.6 fibo retracement wave 5007-5750. Very strong support here 5200. I think if 5200 will be broken then we will go to 4900 but unlikely it will happen this year.
  • #343,394
  • Jun 27, 2013 9:26am Jun 27, 2013 9:26am
So one more time arrount. Or u guys buy it or continue to scalp small profit.
My target is 5800. Now its hard to believe but you will see. If 5200 will stand that battle and will close above 5200 on friday. next week 5550 and after another week open way to 5800 strong resistance.
  • #343,395
  • Jun 27, 2013 9:29am Jun 27, 2013 9:29am
Quoting Trader88q
{quote} Its not view its technical analysis. Fibo 78.6 fibo retracement wave 5007-5750. Very strong support here 5200. I think if 5200 will be broken then we will go to 4900 but unlikely it will happen this year.
I was asking about the "huge dollar selloff" you mentioned. Not GU. I already know where that's likely going.

Perhaps you could post a chart with your technical analysis so we can all see what you're looking at?
Ghost Rider - WWTBMD?
  • #343,396
  • Jun 27, 2013 9:34am Jun 27, 2013 9:34am
Quoting Trader88q
So one more time arrount. Or u guys buy it or continue to scalp small profit. My target is 5800. Now its hard to believe but you will see. If 5200 will stand that battle and will close above 5200 on friday. next week 5550 and after another week open way to 5800 strong resistance.
You keep buying I keep selling.
  • #343,397
  • Jun 27, 2013 9:35am Jun 27, 2013 9:35am
Quoting albchr
{quote} I was asking about the "huge dollar selloff" you mentioned. Not GU. I already know where that's likely going. Perhaps you could post a chart with your technical analysis so we can all see what you're looking at?
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  • #343,398
  • Jun 27, 2013 9:43am Jun 27, 2013 9:43am
Quoting Trader88q
{quote} {image}

nice call man I am on the same page as you
Loosening is not an option
  • #343,399
  • Jun 27, 2013 9:53am Jun 27, 2013 9:53am
Quoting Trader88q
{quote} {image}
Ok, so that's your view on GU. I don't agree with it (other than a small correction from the 23.6% at 5196 to hopefully around the 5422 area) but that doesn't matter.

Now could you please explain why you think next week will be a "huge" dollar sell off?? If you don't want to just say so, but this is the third time I asked for it. I won't ask again as I don't want to upset anyone.

Lord knows I've been wrong before but 5800? Nowhere in the picture anytime soon in my view. At least not before revisiting 5100/5000
Ghost Rider - WWTBMD?
  • #343,400
  • Jun 27, 2013 10:20am Jun 27, 2013 10:20am
Quoting albchr
{quote} Ok, so that's your view on GU. I don't agree with it (other than a small correction from the 23.6% at 5196 to hopefully around the 5422 area) but that doesn't matter. Now could you please explain why you think next week will be a "huge" dollar sell off?? If you don't want to just say so, but this is the third time I asked for it. I won't ask again as I don't want to upset anyone. Lord knows I've been wrong before but 5800? Nowhere in the picture anytime soon in my view. At least not before revisiting 5100/5000
No i will not say u that. You better sit ant look EUR,GBP,AUD technalysis and this will be the answer why.
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