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Cable Update (GBPUSD)

  • #346,081
  • Aug 30, 2013 1:57am Aug 30, 2013 1:57am
Currently short from 1.5520...

Need to take out DPP @ 1.5511, then 1.55.

May find support around 1.5480... Also has DS1 @ 1.5474.
  • #346,082
  • Aug 30, 2013 2:06am Aug 30, 2013 2:06am
Quoting hoom
{quote} market is somehow frustrated maybe because of Syria conflict and Obama claims about intervention...
Sure Obama is not in such a good position now.. his red line has been crossed and their is not much he can do about it. UK not just voted for wait of UN decision, but they also voted for no military involvement even if UN findings are in Obama favor.
  • #346,083
  • Aug 30, 2013 2:09am Aug 30, 2013 2:09am
Bearish small pip range bodied daily candle yesterday makes Wednesday's 5427 low a fractal swing lo on this t/f....Asian/overnight session generally bullish. Asian / overnight session generally bullish...1hr/4hr mixed re opa right now...daily still in a general opa uptrend (opa=overall price action.)

So far this week only 65% of 20 week atr covered by price, and on last trading day of month - 121% of 20 month atr.

Uk data at 0930am london.

G/L
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ex member
  • #346,084
  • Aug 30, 2013 3:11am Aug 30, 2013 3:11am
Quoting Freshpips
Currently short from 1.5520... Need to take out DPP @ 1.5511, then 1.55. May find support around 1.5480... Also has DS1 @ 1.5474.
pretty slow here on cable, got myself a small test position at 5520 also.. fiber seem find support at about 3235.. maybe to be continued next week?
  • #346,085
  • Aug 30, 2013 3:23am Aug 30, 2013 3:23am
Got some small test positions long with a 1st target near last weeks resistance
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Come with me if you want to live....
  • #346,086
  • Aug 30, 2013 3:29am Aug 30, 2013 3:29am
Quoting Ill-b-back
Got some small test positions long with a 1st target near last weeks resistance {image} {image}
just my humble opinion, every candle from your chart, cable is making lower high (lower tick compared with previous candle).. no reason to long yet.. don't you think?
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  • #346,087
  • Aug 30, 2013 3:30am Aug 30, 2013 3:30am
Quoting Freshpips
Currently short from 1.5520... Need to take out DPP @ 1.5511, then 1.55. May find support around 1.5480... Also has DS1 @ 1.5474.
Closed @ 95 for +25.

Incase the news ruins this.
  • #346,088
  • Aug 30, 2013 3:31am Aug 30, 2013 3:31am
Quoting A-speculator
{quote} just my humble opinion, every candle from your chart, cable is making lower high (lower tick compared with previous candle).. no reason to long yet.. don't you think? {image}
we trade different mate
Come with me if you want to live....
  • #346,089
  • Aug 30, 2013 3:32am Aug 30, 2013 3:32am
Quoting A-speculator
{quote} pretty slow here on cable, got myself a small test position at 5520 also.. fiber seem find support at about 3235.. maybe to be continued next week?
Just closed position for +25, dont trust the move.

Will look to reenter later based on PA.

Good luck if your still short.
  • #346,090
  • Aug 30, 2013 3:36am Aug 30, 2013 3:36am
Quoting Freshpips
{quote} Just closed position for +25, dont trust the move. Will look to reenter later based on PA. Good luck if your still short.
well, i'm still short..

at about 5500 there's a minor support there.. let's see where cable is in an hour or two or after 4h completed.
  • #346,091
  • Aug 30, 2013 3:36am Aug 30, 2013 3:36am
Quoting A-speculator
{quote} just my humble opinion, every candle from your chart, cable is making lower high (lower tick compared with previous candle).. no reason to long yet.. don't you think? {image}

the only positive he has is round number as support..is it enough no idea
but i rather be short..perhaps because i am

each to there own i guess..good luck buddy
  • #346,092
  • Aug 30, 2013 3:40am Aug 30, 2013 3:40am
Quoting Ill-b-back
{quote} we trade different mate
perhaps, yeah.. care to explain a little bit your rationale mate?
  • #346,093
  • Aug 30, 2013 3:41am Aug 30, 2013 3:41am
Quoting nAVIN2007
{quote} the only positive he has is round number as support..is it enough no idea but i rather be short..perhaps because i am each to there own i guess..good luck buddy
yeah, you too Nav..
  • #346,094
  • Aug 30, 2013 3:47am Aug 30, 2013 3:47am
the reason i think cable is not moving is perhaps due to everyone was more focused on euro thus EG making a nose dive, same with fiber.. now EG i think has found some support, cable will be the next - moving to the direction where fiber was.. imho.
  • #346,095
  • Aug 30, 2013 3:49am Aug 30, 2013 3:49am
Quoting A-speculator
{quote} yeah, you too Nav..

arnie has a good stop loss placement thou..giving himself a chance only problem is today is effectively last day of the month..anything goes the daily are all progressively making a bias toward south..by closing lower

weekly is down and monthly is showing south at 1.57
brace yourselves we going deep
  • #346,096
  • Aug 30, 2013 3:51am Aug 30, 2013 3:51am
Quoting A-speculator
the reason i think cable is not moving is perhaps due to everyone was more focused on euro thus EG making a nose dive, same with fiber.. now EG i think has found some support, cable will be the next - moving to the direction where fiber was.. imho.


cable is basing..making support strong..a break of support turns the mofo into resistance..providing a ceiling..as well as making the weak die
stay strong..this is a cage fight
  • #346,097
  • Aug 30, 2013 3:52am Aug 30, 2013 3:52am
Quoting nAVIN2007
{quote} arnie has a good stop loss placement thou..giving himself a chance only problem is today is effectively last day of the month..anything goes the daily are all progressively making a bias toward south..by closing lower weekly is down and monthly is showing south at 1.57 brace yourselves we going deep
lol.

relax mate.. we have to take this one step at a time.. first to watch is the breakout of 5430.. if that can be cleanly brake, then we talk deeper level..
  • #346,098
  • Aug 30, 2013 3:53am Aug 30, 2013 3:53am
Quoting A-speculator
{quote} lol. relax mate.. we have to take this one step at a time.. first to watch is the breakout of 5430.. if that can be cleanly brake, then we talk deeper level..

watch meh!!..
a brake of arnie stop will turn the tide
  • #346,099
  • Aug 30, 2013 3:55am Aug 30, 2013 3:55am
Quoting nAVIN2007
{quote} cable is basing..making support strong..a break of support turns the mofo into resistance..providing a ceiling..as well as making the weak die stay strong..this is a cage fight
i'm think to hold this position a bit longer, if 5430 can be broken and add more at about 5430 later.. let's see..
  • #346,100
  • Aug 30, 2013 3:57am Aug 30, 2013 3:57am
GBP-USD so lazy to dive, what are you waiting for?
now close manually is better, perhaps in few hours there's a clear direction how deep is the Cable
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