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Cable Update (GBPUSD)

  • #348,841
  • Oct 14, 2013 9:09am Oct 14, 2013 9:09am
Quoting sepuluh
{quote} yeah, I hope your analysis is right and can make a profit. but for tonight I am worried that the G / U will continue to rise to the level: 1.6054. but whatever it is....., I wish we all could do with a good trade management. so they can get the maximum results. good luck
I have a way, I have developed myself with my experience, of understanding and interpreting PA. For me GU up move is a balloon and it will explore, of course things might be different and I will try to find my place there if it goes too far from my targets - this will be as usual BE or small loss.
I keep my trades opened for whatever time is needed to fulfill.
  • #348,842
  • Oct 14, 2013 9:11am Oct 14, 2013 9:11am
In my opinion GU will dive when this US debt ceiling situation is solved, and it will be, sooner or later...
  • #348,843
  • Oct 14, 2013 9:15am Oct 14, 2013 9:15am
time to sell GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: GU2.gif Size: 17 KB
  • #348,844
  • Oct 14, 2013 9:16am Oct 14, 2013 9:16am
next 2 day's data releases will determine where it'll go in the short-medium term. fundamentals drive technicals not the other way ard...
  • #348,845
  • Oct 14, 2013 9:21am Oct 14, 2013 9:21am
Waiting for UK to close.
Let's see what J will do during the night.
  • #348,846
  • Edited 9:37am Oct 14, 2013 9:24am | Edited 9:37am
Quoting fxmasterdxb
time to sell GBP/USD {image}
what will you do if it smashes through your nicely drawn uppper resistance line within the next 2 1hr candles which will also be a new 4hr candle. `Because` i see a lower trendline that could offer support for bulls which i added to the chart of the upper trendline you drew. I think we are going to get a breakout in this area soon. And the ZOOMED in 1hr chart shows that your upper resistance trendline is indeed doing it job well done as of now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-h1-forex-capital-markets-2.png Size: 49 KB
Click to Enlarge Name: gbpusd-h1-forex-capital-markets-3.png Size: 44 KB
Trend_Masters
  • #348,847
  • Oct 14, 2013 9:26am Oct 14, 2013 9:26am
Quoting kerndc
{quote} what will you do if it smashes through your nicely drawn uppper resistance line within the next 2 1hr candles which will also be a new 4hr candle.
my SL will be taken and i will be happy as i have traded with my plan

edit: by the way i got the same question when i bought at the lower line "support" LOL
  • #348,848
  • Oct 14, 2013 9:39am Oct 14, 2013 9:39am
Another quality instant Karma moment http://www.liveleak.com/view?i=06f_1381668990
Founder of Sutherland Wave Principle
  • #348,849
  • Oct 14, 2013 9:45am Oct 14, 2013 9:45am
GU m30.. good resistance around 1.6014.. until it's broken hmm
Attached Image
  • #348,850
  • Oct 14, 2013 9:46am Oct 14, 2013 9:46am
Quoting JimmyC
GU Fundies seem to continue driving the market as confusion persists over the debt ceiling vs budget right-sizing vs political brinkmanship vs responsible governance. (3 days to default - leaves this as a difficult trading time overall) On the FX front this gives us two schools of thought (decreasing money supply would strengthen the dollar but default junks the dollar with some market makers beginning to state that a basket of currencies may make far better FX sense and be more stable) The dollar index is trending weaker and looks set to continue...
After the breach of Key ST resistance @1.6 now supporting:
The downward ST TL is now causing a falling wedge, lots of buying pressure after 1.6 has encourage some ST bulls, The bigger picture traders are waiting for bigger levels to follow... will the ST bears jump in now?
The ST battle is on fake-out or breakout?
  • #348,851
  • Oct 14, 2013 9:48am Oct 14, 2013 9:48am
short-term bull in iii of C, more down to come..
Attached Image (click to enlarge)
Click to Enlarge Name: 14OCT13CABLESHORT.png Size: 42 KB
Don't have an ego. Always question yourself and your ability.
  • #348,852
  • Oct 14, 2013 9:50am Oct 14, 2013 9:50am
Quoting fxmasterdxb
{quote} my SL will be taken and i will be happy as i have traded with my plan edit: by the way i got the same question when i bought at the lower line "support" LOL
YES being happpy is what really matters. that is how we must be even when we lose. happy
Trend_Masters
  • #348,853
  • Oct 14, 2013 9:51am Oct 14, 2013 9:51am
Quoting kerndc
{quote} what will you do if it smashes through your nicely drawn uppper resistance line within the next 2 1hr candles which will also be a new 4hr candle. `Because` i see a lower trendline that could offer support for bulls which i added to the chart of the upper trendline you drew. I think we are going to get a breakout in this area soon. And the ZOOMED in 1hr chart shows that your upper resistance trendline is indeed doing it job well done as of now. {image} {image}
another chart i've been having since a pretty long time, 1.6015/20 it a strong resistance and i dont expect it to be broken

you can draw 1000 trendlines that are tested once and twice and trade accordingly, not me i always look for ones which tested and rejected at least 4 time
Attached Image (click to enlarge)
Click to Enlarge Name: GUU.gif Size: 16 KB
  • #348,854
  • Oct 14, 2013 9:54am Oct 14, 2013 9:54am
US Debt - Visualized in physical $100 bills

Inserted Video
Founder of Sutherland Wave Principle
  • #348,855
  • Oct 14, 2013 10:18am Oct 14, 2013 10:18am
last 15 min candle closed a bearish engulfing, shall the hourly candle close below 1.6001, bulls game over
  • #348,856
  • Oct 14, 2013 11:01am Oct 14, 2013 11:01am
Quoting fxmasterdxb
last 15 min candle closed a bearish engulfing, shall the hourly candle close below 1.6001, bulls game over
hold on to your seats, here the move comes towards 1.5950 and beyond
  • #348,857
  • Oct 14, 2013 11:08am Oct 14, 2013 11:08am
Quoting fxmasterdxb
{quote} hold on to your seats, here the move comes towards 1.5950 and beyond
Not for the next 8 or more hours
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,858
  • Oct 14, 2013 11:17am Oct 14, 2013 11:17am
the longer we consolidate above 1.59928 the less positive that is for the bears something isn't adding up
  • #348,859
  • Oct 14, 2013 11:22am Oct 14, 2013 11:22am
Quoting iNSIELD
the longer we consolidate above 1.59928 the less positive that is for the bears something isn't adding up
The downward trend line was rejected, that's enough for now.
No one can expect the market to be trending heavily with US and CANADA closed
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,860
  • Oct 14, 2013 11:32am Oct 14, 2013 11:32am
Quoting KillerWhale
{quote} The downward trend line was rejected, that's enough for now. No one can expect the market to be trending heavily with US and CANADA closed
Well, I'm with you this time to confirm the long term bearish move first 1.5950 needs to be broken and then 1.5900

All the best
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