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Cable Update (GBPUSD)

  • #349,101
  • Oct 17, 2013 3:07am Oct 17, 2013 3:07am
Quoting akhtergroup
{quote} added -8, -4@ 6084, -4 @ 5984 CAVG: 84% total allocation at @ 1.6177 Stop: 1.6127 (locked 50 ticks or +15% relative to used margin) target: 1.5075

Closed position at @ 1.6038, +139 ticks +/- spread. Booking a gain of 41.7% relative to used margin

Looking to re-start short allocation on a retest of high (1.6069).
  • #349,102
  • Oct 17, 2013 3:08am Oct 17, 2013 3:08am
G/M

Yesterday's daily candle a bearish bodied spinning top with equal-ish length upper and lower wicks...U.s debt / budget deal done (howsoever temporary)....bounce up off yesterday's 5893 low carried thru to upside during asian session and strongly into early London.

1hr in opa uptrend, 4hr mixed, daily looks like a fractal LL will print at yesterday's 5893 low depending on close of today's daily candle...but it's opa uptrend is probably still intact as is the weekly's.

50% 6259-5913 just above current daily hi.

Uk retail Sales at 0930am London may see a move on the knee-jerk...headline and any revision to previous -vs- previous and forecast numbers are what the market will be watching.

G/L
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ex member
  • #349,103
  • Oct 17, 2013 3:11am Oct 17, 2013 3:11am
Quoting 1pipperhour
{quote} And what does that say to you?

I have been trading since 2004......( and i still beginner )

conclusion that I found until now :
1. dare to cut loss ! ( enough ! )
2. When You loss .... stop trading day ! and shut down PC !
3. there comes a time to market can be analyzed .....there is no time....
Forex Is a Killer...hahahaha
  • #349,104
  • Oct 17, 2013 3:11am Oct 17, 2013 3:11am
Quoting Cowboy11
I just wonder how many people can make profit from the swing happened yesterday, unless you base is D or W chart. News has out, so, it will not be so volatile now. It should back to normal ridem. I go for long, target 1.6086.
I think it will break the second break point today 1.6121.
Face both Win and Lose bravely
  • #349,105
  • Oct 17, 2013 3:17am Oct 17, 2013 3:17am
upside breech of steepest 4hr descending t/line...price testing 50% 6259-5913 / Weekly R1 at the hi...price already at 136% of 20 day atr.

Uk data ta 0930am London.

G/L
ex member
  • #349,106
  • Oct 17, 2013 3:20am Oct 17, 2013 3:20am
this is unbelievable

forex is killing long and short both ways and i still not sure where the mofo is heading longer term
  • #349,107
  • Oct 17, 2013 3:23am Oct 17, 2013 3:23am
Well, get ready to see this mofo moving pretty fast soon, once those retail numbers come out. If they are good, this move up isn't finished.
  • #349,108
  • Oct 17, 2013 3:25am Oct 17, 2013 3:25am
Quoting nAVIN2007
this is unbelievable forex is killing long and short both ways and i still not sure where the mofo is heading longer term

stop trading today.....
relax and fresh for tomorrow again.....
  • #349,109
  • Oct 17, 2013 3:28am Oct 17, 2013 3:28am
Quoting sepuluh
{quote} stop trading today..... relax and fresh for tomorrow again.....

these movements have no affect on me..which might be a bad thing
  • #349,110
  • Oct 17, 2013 3:31am Oct 17, 2013 3:31am
Here is the next large move upwards.
  • #349,111
  • Edited 3:50am Oct 17, 2013 3:33am | Edited 3:50am
US debt ceiling & reactions . take little time to settle to go what doing before perhaps>what sold should should retake/buy again soon , may be another re-enforcement>big wick up,sell!! wait! full range 5954-6133apparently at top.
take care all parties.EU should have less limited offer upside 3646 top at present.breaking can do further top 3711 , not thinking yet.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #349,112
  • Oct 17, 2013 3:34am Oct 17, 2013 3:34am
....talk of 'strong offers' going into 6100...price today has covered 148% 20 day atr, so far this week...69% 20 week atr, and so far this month 70% 20 month atr....85.4% 6121-5913 at the hi

Potential upside obstacles up to 6259 per 4hr chart below...Daily R2 is @/around 6132


G/L
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ex member
  • #349,113
  • Oct 17, 2013 3:35am Oct 17, 2013 3:35am
Quoting nAVIN2007
{quote} these movements have no affect on me..which might be a bad thing

oh thank goodness....
My only loss today hahahaha .... + =
  • #349,114
  • Oct 17, 2013 3:35am Oct 17, 2013 3:35am
Quoting Baggi
Here is the next large move upwards.
Becareful, after this maybe next super large move downward
even better than mama
  • #349,115
  • Edited 3:51am Oct 17, 2013 3:39am | Edited 3:51am
price likely to retrace already, it made the move before news, GBP has done this too many times so far.. only those silly ones bought higher from 1.6080++, pullback entry will be safer . when horizon is not ideal. price likely to pullback to level of r t s before proceeding higher.

$USD likely to retrace abit as well. mb near 30%
  • #349,116
  • Oct 17, 2013 3:40am Oct 17, 2013 3:40am
Quoting Tsar
Cable in H4 Chart... Touch in DEMAND Area {image}
Cable in H4 Chart - Update...

Touch in SUPPLY Area
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Always looking the GREAT, never left GOOD Point...
  • #349,117
  • Oct 17, 2013 3:49am Oct 17, 2013 3:49am
US default...
Attached Image
  • #349,118
  • Oct 17, 2013 3:58am Oct 17, 2013 3:58am
Cable totally fucked up. Almost nobody knows what is happening.
We have to wait now for today US data. Soon we will be at last week highs. Lose my mind. Still have to wait.
  • #349,119
  • Oct 17, 2013 3:58am Oct 17, 2013 3:58am
My view is that it will break the W's R eventually. That is 1.62xx.
Face both Win and Lose bravely
  • #349,120
  • Edited 7:55am Oct 17, 2013 3:59am | Edited 7:55am
Taking in consideration a very fast and big move up through 1.6060 level I’m looking to open a short position between 1.6120-1.6125. SL 15-20 pips and TP around 20-30 pips.
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Price Action + KISS + PIE = Forex-Entourage
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