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Cable Update (GBPUSD)

  • #345,041
  • Aug 12, 2013 12:18pm Aug 12, 2013 12:18pm
Quoting Davit
Guys few thoughts that will help to make money or exploit the weak currency at its fullest. If GU reaches say 57 and starts falling.Make sure check other pairs as well specially GBP/CAD GBP/JPY GBP/NZD because often cross pairs travel lot further. I specially love CAD pairs. CAD pairs have been in price channel for long time and to me its perfect candidate to trade.I like pairs that are stuck in a channel. {image}
  • #345,042
  • Aug 12, 2013 12:31pm Aug 12, 2013 12:31pm
Quoting nAVIN2007
good entry for short..tiny stop like 10 pips max {image}
Is it a demo account
  • #345,043
  • Aug 12, 2013 12:35pm Aug 12, 2013 12:35pm
Quoting Maso
{quote} Is it a demo account

that account is live

this is demo picture
Attached Image (click to enlarge)
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  • #345,044
  • Aug 12, 2013 1:10pm Aug 12, 2013 1:10pm
Quoting nAVIN2007
good entry for short..tiny stop like 10 pips max {image}
there she goes .....hope u ladies took the hint
dont get no better than that..
Attached Image (click to enlarge)
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  • #345,045
  • Aug 12, 2013 1:28pm Aug 12, 2013 1:28pm
Quoting nAVIN2007
{quote} there she goes .....hope u ladies took the hint dont get no better than that.. {image}
I look for hearing two affective news on cable tomorrow and the day after. Honestly, I'm not bearish on this pair now. It is going to touch a tt sooner or later.
  • #345,046
  • Edited 2:02pm Aug 12, 2013 1:32pm | Edited 2:02pm
Quoting nAVIN2007
{quote} there she goes .....hope u ladies took the hint dont get no better than that.. {image}

ok for few pips scalping, 10 pips sl to get 10 pips profit ! while testing 5455 , next break level . but thinking( some buyers thinking for 30-70 pips move) no so direct with even 55 breaks, take ur sl & up 5511+ before so .no ladies though .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 40 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,047
  • Aug 12, 2013 1:34pm Aug 12, 2013 1:34pm
Quoting fontu
{quote} ok for few pips scalping, 10 pips sl to get 10 pips profit ! while testing 5455 , next break level . but thinking no so direct , take ur sl & up 5511+ before so .no ladies though . fontu {image}

watch meh
  • #345,048
  • Aug 12, 2013 1:35pm Aug 12, 2013 1:35pm
Quoting fontu
{quote} ok for few pips scalping, 10 pips sl to get 10 pips profit ! while testing 5455 , next break level . but thinking no so direct , take ur sl & up 5511 before so . fontu {image}
We know that GBP/USD is making new low at 1.5459 , but if 15490 resistance lines is broken or in this case making new high , Probably we will see Uptrend , if again we only see Higher low and GBP/USD is not able to break 15490 we will see downtrend continuation

Cheers,
Lee
  • #345,049
  • Aug 12, 2013 2:35pm Aug 12, 2013 2:35pm
Quoting Davit
{quote} There is not whole lot of fundamentals for Cable to get that high.With Sept 18 coming up and almost certain QE reduction we could see cable even under 1.50 I could be wrong.I've seen price move up irrationally before. Short Target 5350 10pips buffer
Sept 18 over a month away
I don't care much for fundies
With tapering forced down our throats by the media I wouldn't be surprised if they maintain QE while this record slow recovery dwindles on
Ill follow my weekly chart
The deeper she falls the cheaper I get to buy the pound targeting 5750.
Come with me if you want to live....
  • #345,050
  • Aug 12, 2013 2:38pm Aug 12, 2013 2:38pm
Quoting Davit
{quote} There is not whole lot of fundamentals for Cable to get that high.With Sept 18 coming up and almost certain QE reduction we could see cable even under 1.50 I could be wrong.I've seen price move up irrationally before. Short Target 5350 10pips buffer
By the way, I am also watching 5340-50 as per my previous post but I'm in buy mode so I'm not shorting to it as a target.
Come with me if you want to live....
  • #345,051
  • Aug 12, 2013 5:00pm Aug 12, 2013 5:00pm
Quoting TauTrader
{quote} Good day to you, IBB 1.5840 is one of my targets to the upside. Just saying.. But 1.5350 to the downside also marked. We are coming out of an early sell zone - so the downward move expected. Regards
Indeed tt, 5750 is my conservative 1st target and won't be surprised to see 58's but some supports to be touched first
Have a good day Sir...
Come with me if you want to live....
  • #345,052
  • Aug 12, 2013 10:49pm Aug 12, 2013 10:49pm
Quoting Ill-b-back
{quote} Indeed tt, 5750 is my conservative 1st target and won't be surprised to see 58's but some supports to be touched first Have a good day Sir...
Sir IBB,

We are somewhere in the middle here.. there are targets both ways and in theory, I should be looking to start short to build towards 1.5181, 1.5045 and ultimately 1.4965 - but we also have targets higher all the way to 1.6094, with 1.6017, 1.5912 , 1.5824 to name a few. But i'm inclined to think we will rather test higher first over the next few months.

Those top targets has been sitting for months and can continue to sit there for months more, but we may visit one or 2 of the lower targets soon. Will have to see. If I had to pick one - i'll go for 1.5845. Just thinking out loud...

This is not a recommendation. Just my observation.

Regards to the little one and the wife..

All the best
  • #345,053
  • Aug 12, 2013 11:40pm Aug 12, 2013 11:40pm
Quoting TauTrader
{quote} Sir IBB, We are somewhere in the middle here.. there are targets both ways and in theory, I should be looking to start short to build towards 1.5181, 1.5045 and ultimately 1.4965 - but we also have targets higher all the way to 1.6094, with 1.6017, 1.5912 , 1.5824 to name a few. But i'm inclined to think we will rather test higher first over the next few months. Those top targets has been sitting for months and can continue to sit there for months more, but we may visit one or 2 of the lower targets soon. Will have to see. If I had to pick...
I can see you have put some work in tt
Yes,somewhere in the middle, I'll be a happy man if we reach 5340 area this week before going further north.
I have similar bullish target areas.

Take care..
Come with me if you want to live....
  • #345,054
  • Aug 13, 2013 2:39am Aug 13, 2013 2:39am
GU H4

retest July swing high...?
Attached Image (click to enlarge)
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  • #345,055
  • Aug 13, 2013 3:13am Aug 13, 2013 3:13am
Quoting chazzle
GU H4 retest July swing high...? {image}

we going lower charles..diamond on the weekly
  • #345,056
  • Aug 13, 2013 3:15am Aug 13, 2013 3:15am
Quoting nAVIN2007
good entry for short..tiny stop like 10 pips max {image}

still good
  • #345,057
  • Aug 13, 2013 3:16am Aug 13, 2013 3:16am
Quoting nAVIN2007
{quote} we going lower charles..diamond on the weekly
Hi nAVIN,

What's your target for this drop?
  • #345,058
  • Aug 13, 2013 3:18am Aug 13, 2013 3:18am
I have posted my Bloomberg Assessment Test (BAT) results for those who are interested here:

http://www.forexfactory.com/showthre...04#post6888704
  • #345,059
  • Aug 13, 2013 3:21am Aug 13, 2013 3:21am
Quoting nAVIN2007
{quote} we going lower charles..diamond on the weekly
ey up Nav - you still have the longer term long? playing some shorter term ones at the same time?
  • #345,060
  • Aug 13, 2013 3:26am Aug 13, 2013 3:26am
Quoting Purple
I have posted my Bloomberg Assessment Test (BAT) results for those who are interested here: http://www.forexfactory.com/showthre...04#post6888704
And what is this for? Just curious.
It's the simple things in life that have the most powerful meaning.
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