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Cable Update (GBPUSD)

  • #348,761
  • Oct 11, 2013 1:38pm Oct 11, 2013 1:38pm
Quoting Fx-gtg
I don't thik cable is ready to break 1.59 today. but it actually might because it's fryday.
Well supported by 1.592x .
Every attempt to test weekly lows is bought .
  • #348,762
  • Oct 11, 2013 2:07pm Oct 11, 2013 2:07pm
Quoting Fx-gtg
{quote} Well supported by 1.592x . Every attempt to test weekly lows is bought .
Testing the trend line from below.
4 hr 200 EMA sits at 1.5916, maybe that's why we didn't go lower.
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  • #348,763
  • Oct 11, 2013 2:09pm Oct 11, 2013 2:09pm
Quoting KillerWhale
{quote} Testing the trend line from below. 4 hr 200 EMA sits at 1.5916, maybe that's why we didn't go lower.
Trend line sits @ 1.5965, rejection here is very strong bearish
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  • #348,764
  • Oct 11, 2013 2:26pm Oct 11, 2013 2:26pm
Going into the weekend with leverage 1>5 is that smart?
Probably not, but hey, I only live once.
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  • #348,765
  • Oct 11, 2013 2:29pm Oct 11, 2013 2:29pm
Quoting KillerWhale
Going into the weekend with leverage 1>5 is that smart? Probably not, but hey, I only live once.
And the trend line is being rejected as we speak/
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  • #348,766
  • Oct 11, 2013 2:34pm Oct 11, 2013 2:34pm
Quoting KillerWhale
Going into the weekend with leverage 1>5 is that smart? Probably not, but hey, I only live once.
i like your last statement hehe..
in my case it depends on current hourly close, perhaps, daily close too, 5 mins before daily..
will decide to go weekend or not. if price in range <= 5945, will hold for a weekend.. GL
  • #348,767
  • Oct 11, 2013 2:39pm Oct 11, 2013 2:39pm
Quoting KillerWhale
{quote} And the trend line is being rejected as we speak/
  • #348,768
  • Oct 11, 2013 3:16pm Oct 11, 2013 3:16pm
Closing weekly chart 2nd bearish candle.
  • #348,769
  • Oct 11, 2013 3:30pm Oct 11, 2013 3:30pm
Quoting Mr.C
Hey guys. Hope the markets treat you well. Spotted a zone on GBP/USD and left a pending sell @ 1,6299 with SL @ 1,6339. Order for next week most likely. No exact TP yet. Wish all green pips!

GBP/USD: canceling my pending sell @ 1.6299 has been kept from September the 26th and not activated.

Wish all a nice weekend.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #348,770
  • Oct 11, 2013 4:10pm Oct 11, 2013 4:10pm
Quoting Tsar
Found TWO Candles Hammer in H1 Chart. Cable will Upward again...
no
  • #348,771
  • Oct 11, 2013 4:33pm Oct 11, 2013 4:33pm
Quoting Tsar
Found TWO Candles Hammer in H1 Chart. Cable will Upward again...
How can you say this with such picture perfect rejections.
First the 1.5995 resistance and then the trend line.

Cable upwards make absolutely no sense.
Attached Image
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  • #348,772
  • Oct 11, 2013 5:18pm Oct 11, 2013 5:18pm
Quoting Tsar
Found TWO Candles Hammer in H1 Chart. Cable will Upward again...
I agree Tsar, the 1hr is suggestive of a retrace for a retest on the daily TF and may take out my 2nd trade SL

Love the R/R here...

Then once that business is taken care of with the Pound...

Opening up south of the weekly TL next week would be a good sign
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 27 KB
Click to Enlarge Name: gbpusdh4.png Size: 28 KB
Click to Enlarge Name: gbpusddaily1.png Size: 31 KB
Click to Enlarge Name: gbpusdweekly.png Size: 41 KB
Come with me if you want to live....
  • #348,773
  • Oct 12, 2013 1:05am Oct 12, 2013 1:05am
Quoting Tsar
Found TWO Candles Hammer in H1 Chart. Cable will Upward again...
I checked different brokers, like Oanda, FXCM, etc.
Some have the hammers, some have not.
We'll see what PA tells us Sunday.
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  • #348,774
  • Oct 12, 2013 1:12am Oct 12, 2013 1:12am
I have posted my upcoming week's chart for POUND for those who are interested here:

http://www.forexfactory.com/showthre...52#post7021552
  • #348,775
  • Oct 12, 2013 1:55am Oct 12, 2013 1:55am
Quoting Purple
I have posted my upcoming week's chart for POUND for those who are interested here: http://www.forexfactory.com/showthre...52#post7021552
So what exactly is it that you're trying to tell us?
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  • #348,776
  • Oct 12, 2013 2:00am Oct 12, 2013 2:00am
check this ot
Attached Image (click to enlarge)
Click to Enlarge Name: pound.jpg Size: 153 KB
  • #348,777
  • Oct 12, 2013 4:43am Oct 12, 2013 4:43am
Quoting yanitsa
check this ot {image}
I can show you as much as possible charts where you can see that this formation precedes stron rally into the North!
But, even so, I guess we'll go south to 1.57.
Have a nice day :-)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-roboforex-3.png Size: 118 KB
  • #348,778
  • Oct 12, 2013 7:37am Oct 12, 2013 7:37am
Still short and added one more position on late Friday night.
I am expecting 5870 to be hit, that is my way of trading and I am concentrated on it.
What bothers me is the last 15m candle that took out the previous 2 15m candles.
I have some reservation that GU will open with a buy gap, but we will see on early Monday morning.
  • #348,779
  • Oct 12, 2013 9:02am Oct 12, 2013 9:02am
Quoting Bones
weekly {image}
I agree with you. And just to add that if there is long wicks above a red candle which come after a strong uptrend and is close to significant `yearly trendline resistance` is a strong signal. I would be satisfied with a price touch of 1.5875 area. I`m looking forward to next weeks price action..
Trend_Masters
  • #348,780
  • Oct 12, 2013 7:21pm Oct 12, 2013 7:21pm
Quoting kerndc
{quote} I`m looking forward to next weeks price action..
I'm not, dollar could get violent with upcoming us debt ceiling problems and still shut down of lazy workers.
Actually I'm gonna lower my leverage tomorrow until it is over.
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