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Cable Update (GBPUSD)

  • #348,401
  • Oct 8, 2013 12:33pm Oct 8, 2013 12:33pm
Quoting cat
{quote} Not at all, you've just got to see where support and resistance comes in, watch how the candles behave and go for it. This hour chart shows that this morning's sharp down spike was held at the 76.4% fib level, to then rally strongly up to the first obvious resistance level on the hourly chart, which was a R1, MA200E/100S, which together formed a very powerful resistance area off of which traders would have cashed in their profits thereby sending cable down again to the main daily pivot level. At the moment I'm looking for a bearish day tomorrow,...
  • #348,402
  • Oct 8, 2013 12:33pm Oct 8, 2013 12:33pm
Quoting Cowboy11
Same advice, it just ding-dong-ding-dong. For those who set SL will just wiped off again and again. Stay away from this pair for the time being.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,403
  • Oct 8, 2013 12:33pm Oct 8, 2013 12:33pm
BBL
  • #348,404
  • Oct 8, 2013 12:52pm Oct 8, 2013 12:52pm
Quoting nAVIN2007
{quote} great post bro!..
  • #348,405
  • Oct 8, 2013 2:31pm Oct 8, 2013 2:31pm
Technical review...

Note setup for ST symmetrical triangle (tiny)

Have a good night and sleep well (If you're on the GMT time zone)

G/L
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  • #348,406
  • Oct 8, 2013 2:36pm Oct 8, 2013 2:36pm
Quoting JimmyC
GU Daily Trade Idea H&S Reversal Market Idea ... as per chart RR1:1,58 (calculate your risk accordingly) {image} Beware that a reversal north at 50% of the right shoulder is not an uncommon technical sign of failure, due to the formation of a rising wedge, Event risks ASSET PURCHASE FACILITY OFFICIAL BANK RATE MPC RATE STATEMENT MANUFACTORING PRODUCTION M/M (Thanks Purple) The time horizon may be a few days to insert and execute G/L
;-)
Attached Image (click to enlarge)
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  • #348,407
  • Oct 8, 2013 5:07pm Oct 8, 2013 5:07pm
Attached Image (click to enlarge)
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  • #348,408
  • Oct 8, 2013 5:22pm Oct 8, 2013 5:22pm
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  • #348,409
  • Oct 8, 2013 5:40pm Oct 8, 2013 5:40pm
I have again entered a short on gu 1.6082 stops will be above swing high at 1.6120 and above that number. This time i will watch a bit closer so i don't let 70 pips slip by.
  • #348,410
  • Oct 8, 2013 6:31pm Oct 8, 2013 6:31pm
Quoting lonewolf1
I have again entered a short on gu 1.6082 stops will be above swing high at 1.6120 and above that number. This time i will watch a bit closer so i don't let 70 pips slip by.

I swear they aim for stops sometimes.

I just read your message and I'm watching the pips and I'm thinking of selling right at 6110 or so, and suddenly it just starts to race upwards. So I think, ok, it's going to hit resistance, I'll put in a sell at 6120 instead, and it runs right up to 6120 and then heads back down in a matter of seconds flat. Before I could even get my limit order in.

Did you get stopped out?
  • #348,411
  • Oct 8, 2013 6:37pm Oct 8, 2013 6:37pm
What's happening guys ?!?!??
  • #348,412
  • Oct 8, 2013 6:39pm Oct 8, 2013 6:39pm
Looks like pushing up to 61.8, 76 retrace to retest small ascending TL break, then looking for a BAT signal on 4/1hr.
Come with me if you want to live....
  • #348,413
  • Oct 8, 2013 6:41pm Oct 8, 2013 6:41pm
For gods sake...this has been some of the toughest month or two of trading in a while.
Twitter: @TrendersGame
  • #348,414
  • Oct 8, 2013 8:13pm Oct 8, 2013 8:13pm
We could use a little help from George Soros downing GU, he's pretty good at that!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,415
  • Oct 8, 2013 8:42pm Oct 8, 2013 8:42pm
beware with Manufacturing Production m/m 7 hours again
even better than mama
  • #348,416
  • Oct 8, 2013 9:00pm Oct 8, 2013 9:00pm
Quoting Baggi
{quote} I swear they aim for stops sometimes. I just read your message and I'm watching the pips and I'm thinking of selling right at 6110 or so, and suddenly it just starts to race upwards. So I think, ok, it's going to hit resistance, I'll put in a sell at 6120 instead, and it runs right up to 6120 and then heads back down in a matter of seconds flat. Before I could even get my limit order in. Did you get stopped out?
No i didn't get stopped out. I never place my stops right at a resistance level in this case 1.6120. I always try and hide it a bit up from there in case of stop hunting. I'm in a few pips profit now.
  • #348,417
  • Oct 8, 2013 9:04pm Oct 8, 2013 9:04pm
I'm Not having a good start to the week. Down about 2% but it will turn in my favor. It's early in the week.
  • #348,418
  • Oct 8, 2013 9:17pm Oct 8, 2013 9:17pm
Just shorted some GU looking to target 6150 and maybe more. Well see
All posts are my personal opinion
  • #348,419
  • Oct 8, 2013 9:19pm Oct 8, 2013 9:19pm
Quoting Rtm
Just shorted some GU looking to target 6150 and maybe more. Well see
I hope you mean 6050. 6150 and our shorts would be in trouble
  • #348,420
  • Oct 8, 2013 9:25pm Oct 8, 2013 9:25pm
... go [email protected] on yesterday low...
Attached Image (click to enlarge)
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