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Cable Update (GBPUSD)

  • #349,001
  • Oct 16, 2013 5:35am Oct 16, 2013 5:35am
I expect us to break this small trendline and meet another trendline on 1.6024 then I will try to target long at 1.614 creating a classic (horizontally oriented) head and shoulders pattern.
Opinions?
  • #349,002
  • Oct 16, 2013 5:42am Oct 16, 2013 5:42am
Quoting doker
I expect us to break this small trendline and meet another trendline on 1.6024 then I will try to target long at 1.614 creating a classic (horizontally oriented) head and shoulders pattern. Opinions?
What trendlines? i can`t see anychart first post a chart.
Trend_Masters
  • #349,003
  • Oct 16, 2013 5:47am Oct 16, 2013 5:47am
Quoting fxbreeze
Where's Fontu? Will like to have his opinion for this.
he expressed his opinion this morning check later posts and u will find it
Loosening is not an option
  • #349,004
  • Oct 16, 2013 5:50am Oct 16, 2013 5:50am
Friends.


As per my previous posts, I trade with a 1-2 weeks view, possibly longer.


My view for cable is a stuck currency. There is nothing material happening anywhere. US debt deal is just a red herring, a gimmick. If the market were taking seriously what is happening in the US right now, the volatility would be at a minimum at levels close to when Greece had their first elections called off, and not at the levels of the moment.


And UK news are just coming as expected.


So not a good time for trend-following right now. Sell at highs and buy at lows. Any GBPUSD peak, just dump it. Any GBPUSD low, just buy it. Until real news come in. As another folk said, techinicals will drive the entry and exit points, but fundamentals are the ones who will drive the real long term moves.
  • #349,005
  • Oct 16, 2013 5:53am Oct 16, 2013 5:53am
Quoting kerndc
{quote} What trendlines? i can`t see anychart first post a chart.
Here you are

and if it this breaks then i will try entering arround 50%.
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  • #349,006
  • Oct 16, 2013 6:00am Oct 16, 2013 6:00am
Did you also notice that someone makes big transactions on GBPUSD. You can tell that by the fact that spikes like this one tend to point out the main direction long before the main move.
  • #349,007
  • Oct 16, 2013 6:11am Oct 16, 2013 6:11am
Just one question.. What was your high of today ??? Bcoz LMAX print me above 1.6075... and i never see this price above 1.6058 on others brokers....
  • #349,008
  • Oct 16, 2013 6:18am Oct 16, 2013 6:18am
Quoting dswk
Just one question.. What was your high of today ??? Bcoz LMAX print me above 1.6075... and i never see this price above 1.6058 on others brokers....
Touch Price 1.6063

Why ask these ? Every Brokers have got Defferent Price
Always looking the GREAT, never left GOOD Point...
  • #349,009
  • Oct 16, 2013 6:18am Oct 16, 2013 6:18am
Second break point, 1.61211
Face both Win and Lose bravely
  • #349,010
  • Oct 16, 2013 6:19am Oct 16, 2013 6:19am
Quoting dswk
Just one question.. What was your high of today ??? Bcoz LMAX print me above 1.6075... and i never see this price above 1.6058 on others brokers....
1.6058
  • #349,011
  • Oct 16, 2013 6:20am Oct 16, 2013 6:20am
Quoting dswk
Just one question.. What was your high of today ??? Bcoz LMAX print me above 1.6075... and i never see this price above 1.6058 on others brokers....
1.6061 bid. axi pro acc.

i thought lmax would be the actual one?

ff's market 1.6055 lol..
  • #349,012
  • Oct 16, 2013 6:27am Oct 16, 2013 6:27am
thanks for all your answers...
they cheat a lot all these brokers... 20 pips of difference ...
  • #349,013
  • Oct 16, 2013 6:27am Oct 16, 2013 6:27am
This Time, the price level of 1.6045 to resistance 1.
if the point in see-through back then I'm afraid the price will continue to rise to 1.6050 - 1.6072

level: 1.5999 =support 1.

I hope we all can get a profit.....
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  • #349,014
  • Oct 16, 2013 6:32am Oct 16, 2013 6:32am
Quoting dswk
thanks for all your answers... they cheat a lot all these brokers... 20 pips of difference ...
Ahh... are you already know by Now ?

It has happened many times before...
Always looking the GREAT, never left GOOD Point...
  • #349,015
  • Oct 16, 2013 6:38am Oct 16, 2013 6:38am
Another short possibility. We are still in downtrend on H4. Waiting...
Have a great day :-)
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  • #349,016
  • Oct 16, 2013 6:47am Oct 16, 2013 6:47am
Added some more shorts targeting 6000-5990.
There is a probability to get hit today or during night.
  • #349,017
  • Oct 16, 2013 6:50am Oct 16, 2013 6:50am
Wonderwhat happend after US guys join us
  • #349,018
  • Oct 16, 2013 6:50am Oct 16, 2013 6:50am
Quoting polbanda
Another short possibility. We are still in downtrend on H4. Waiting... Have a great day :-) {image}
Indeed we are

Reversal pattern brewing on the 1hr
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Come with me if you want to live....
  • #349,019
  • Oct 16, 2013 6:53am Oct 16, 2013 6:53am
Good day,

Second short in. BE now 1.6016. Expecting more to come.

Regards
  • #349,020
  • Oct 16, 2013 7:19am Oct 16, 2013 7:19am
Will touch 5970 again in the following hours to create a neckline for a new H&S this time pointing down imo. 3rd in row.
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