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Cable Update (GBPUSD)

  • #343,561
  • Jul 4, 2013 5:43pm Jul 4, 2013 5:43pm
Forgot this one.
Last years summer congestion brick wall, still holding things up on the transverse
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly3.png Size: 38 KB
Come with me if you want to live....
  • #343,562
  • Jul 4, 2013 5:46pm Jul 4, 2013 5:46pm
Shit, I need to maintain my charts, there is this also.
At the moment, looks like it could be building levels on the retest on the weekly.

Let's see what the market does here this week then next.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly5.png Size: 39 KB
Come with me if you want to live....
  • #343,563
  • Jul 4, 2013 5:47pm Jul 4, 2013 5:47pm
4925 is 100% extension of 15477-15129 leg and looks to be minimum level achieved before any substantial bounce. And even then, I'll hold onto my numerous shorts and look to add more.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmweekly.png Size: 36 KB
Click to Enlarge Name: gbpusdmh4.png Size: 30 KB
  • #343,564
  • Jul 4, 2013 5:56pm Jul 4, 2013 5:56pm
Quoting smartsociety
Ill-b-back: Just would ask you why not waited the Heavy Reports of GBP today.
Sorry dude, missed this post.
I entered short market open Monday.
Come with me if you want to live....
  • #343,565
  • Jul 4, 2013 6:04pm Jul 4, 2013 6:04pm
Quoting Ill-b-back
{quote} Sorry dude, missed this post. I entered short market open Monday.

seems like 1.5000 would be taken out before morrow morning
  • #343,566
  • Jul 4, 2013 6:07pm Jul 4, 2013 6:07pm
Round 2?
  • #343,567
  • Jul 4, 2013 6:13pm Jul 4, 2013 6:13pm
Quoting okanemici
{quote} Down Mr.Cable down , 1.5030 comiiiiing )
1.5030 touchdown It's targeting 1.47 let me tell you !!!
  • #343,568
  • Jul 4, 2013 6:26pm Jul 4, 2013 6:26pm
GBP/USD H4 CHART

There is a big support here. We can see a big attack to the 1.56 from now.

http://i40.tinypic.com/2r5au53.png
  • #343,569
  • Jul 4, 2013 6:29pm Jul 4, 2013 6:29pm
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. We can see a big attack to the 1.56 from now. {image}

wanna bet your life on that???
  • #343,570
  • Jul 4, 2013 6:33pm Jul 4, 2013 6:33pm
Quoting Makavell
{quote} seems like 1.5000 would be taken out before morrow morning
It's already morning here bro

lol...

See you mate, off to breakfast
Come with me if you want to live....
  • #343,571
  • Jul 4, 2013 6:37pm Jul 4, 2013 6:37pm
Quoting Ill-b-back
{quote} It's already morning here bro lol... See you mate, off to breakfast

different strokes.....
  • #343,572
  • Jul 4, 2013 6:50pm Jul 4, 2013 6:50pm
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. We can see a big attack to the 1.56 from now. {image}
a possible H&S daily TF, but if it break 1.50 , 1.47 and 1.4650 also possible
  • #343,573
  • Jul 4, 2013 6:58pm Jul 4, 2013 6:58pm
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. We can see a big attack to the 1.56 from now. {image}

There are new and better trendlines pal, it is not always that easy as you draw.This will go down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 105 KB
  • #343,574
  • Jul 4, 2013 7:38pm Jul 4, 2013 7:38pm
added another position long @ 1.5035 gbpusd tp=1.54000 sl=1.4995
  • #343,575
  • Jul 4, 2013 7:41pm Jul 4, 2013 7:41pm
Some hedge funds closing their short positions at this levels. It means that we can see a big rising to the 1.5280 very soon.

GL
  • #343,576
  • Jul 4, 2013 8:03pm Jul 4, 2013 8:03pm
Quoting davidsayli
Some hedge funds closing their short positions at this levels. It means that we can see a big rising to the 1.5280 very soon. GL
Completely agree with you this has in my humble opinion limited downside risk - 300 pip sl from here offers 600 up. I was not ignoring the top of the daily pattern at 1.58 ish and I will most certainly not be ignoring it at the bottom. I am long 1.506. I will not add to this position, just let her run her course - though if 1.528 pops today after nfp I will close it off and look for lower entry again. All the best.

regards
  • #343,577
  • Jul 4, 2013 8:19pm Jul 4, 2013 8:19pm
Quoting Pumpndump
{quote} Completely agree with you this has in my humble opinion limited downside risk - 300 pip sl from here offers 600 up. I was not ignoring the top of the daily pattern at 1.58 ish and I will most certainly not be ignoring it at the bottom. I am long 1.506. I will not add to this position, just let her run her course - though if 1.528 pops today after nfp I will close it off and look for lower entry again. All the best. regards

GBP/USD H4 CHART

http://i40.tinypic.com/2r5au53.jpg
  • #343,578
  • Jul 4, 2013 8:57pm Jul 4, 2013 8:57pm
Quoting davidsayli
GBP/USD H4 CHART There is a big support here. We can see a big attack to the 1.56 from now. {image}
i agree if today Cable has more chances to rise, but just to reload another shorts
but im not sure if Cable will turn into .56xx
since QE stopped, i think US$ will bullish til christmas
  • #343,579
  • Jul 4, 2013 9:17pm Jul 4, 2013 9:17pm
Monthly

Keep It Simple
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 15 KB
If there was easy money lying around,no one would be forcing it into your
  • #343,580
  • Jul 4, 2013 9:51pm Jul 4, 2013 9:51pm
My limit is set right below 1.5000, does anyone think it will bounce before it reaches that?


i know the next big support is about there.
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