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Cable Update (GBPUSD)

  • #349,221
  • Oct 17, 2013 10:43am Oct 17, 2013 10:43am
Quoting fxmasterdxb
{quote} dear killer, im pretty sure you know what you are doing, but dont you think so the pair has been too bullish today? yes it has to pull back a little bit so if you are scalping then that it is great, but otherwise i think it a bit risky but hey your an expert and you know what you doing
I already have stop @ be, so no risk at all.
Opened it at London close so should be fine for the pull back, or maybe complete H & S for 400 pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,222
  • Oct 17, 2013 10:44am Oct 17, 2013 10:44am
Quoting suthmo
1.70910
Doubt it. But who knows. I'm short biased and today's move hurts man
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,223
  • Oct 17, 2013 10:48am Oct 17, 2013 10:48am
Quoting suthmo
1.70910
would you care explaning your reasons? i'm not doubting your call, just want to see the reasons (if you wouldnt mind) maybe it would open my mind into a new prespective?
  • #349,224
  • Oct 17, 2013 10:48am Oct 17, 2013 10:48am
Quoting suthmo
1.70910
Possible, but not this side of Christmas. Or else...

Quoting 1pipperhour
Maybe time for www.babypips.com ?
  • #349,225
  • Oct 17, 2013 10:49am Oct 17, 2013 10:49am
Quoting KillerWhale
{quote} I already have stop @ be, so no risk at all. Opened it at London close so should be fine for the pull back, or maybe complete H & S for 400 pips
  • #349,226
  • Oct 17, 2013 10:53am Oct 17, 2013 10:53am
my view on EU, i see a possible retrace to 1.3640 before heading back to 1.3690, shall we get there i would look for either a daily candle rejection on the upper trendline (second chart) or a breakout
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD H4.gif Size: 19 KB
Click to Enlarge Name: EURUSD H12.gif Size: 17 KB
  • #349,227
  • Oct 17, 2013 10:58am Oct 17, 2013 10:58am
Quoting KillerWhale
{quote} I already have stop @ be, so no risk at all. Opened it at London close so should be fine for the pull back, or maybe complete H & S for 400 pips
Killer, be so kind as to show a chart of the H&S Pattern Formation. The reason is i have seen many but never have i made any money of them. So that is why i would like to so yours and maybe learn something.
Trend_Masters
  • #349,228
  • Oct 17, 2013 11:14am Oct 17, 2013 11:14am
Quoting kerndc
{quote} Killer, be so kind as to show a chart of the H&S Pattern Formation. The reason is i have seen many but never have i made any money of them. So that is why i would like to so yours and maybe learn something.
I'll post it in 10 minutes
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,229
  • Oct 17, 2013 11:16am Oct 17, 2013 11:16am
is that h and s on daily?
Pecuniae obediunt omnia
  • #349,230
  • Oct 17, 2013 11:18am Oct 17, 2013 11:18am
Quoting PIPot
is that h and s on daily?

Yes. I'm short from 3,2,1...now !
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #349,231
  • Oct 17, 2013 11:25am Oct 17, 2013 11:25am
i hope that FOMC will make it bearish.. like 50+ pips down
Pecuniae obediunt omnia
  • #349,232
  • Oct 17, 2013 11:25am Oct 17, 2013 11:25am
Quoting bikov
{quote} Yes. I'm short from 3,2,1...now !
I hope this it otherwise we may see 63869 again
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,233
  • Oct 17, 2013 11:29am Oct 17, 2013 11:29am
H & S
1.5884 is the neckline
If thi pattern forms it can go down 2 times the distance from top to neckline
That's 2 375 = 750 pips from the top or 660 down from today's top.
Attached Image (click to enlarge)
Click to Enlarge Name: 001.jpg Size: 229 KB
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  • #349,234
  • Oct 17, 2013 11:32am Oct 17, 2013 11:32am
Quoting KillerWhale
H & S 1.5884 is the neckline If thi pattern forms it can go down 2 times the distance from top to neckline That's 2 375 = 750 pips from the top or 660 down from today's top. {image}

literally every1 is short on cable and this H + S is not ideal bro..right side should have been lower to be ideal..
anyway i hope u are right..haha
  • #349,235
  • Oct 17, 2013 11:33am Oct 17, 2013 11:33am
on oct 9 there was FOMC speach, daily candle on cable went bearish. on oct16 there was also FOMC speach and daily candle went bearish... now both evans and george will speak are we going to see a bearish one?
Pecuniae obediunt omnia
  • #349,236
  • Oct 17, 2013 11:34am Oct 17, 2013 11:34am
Quoting fxmasterdxb
{quote} would you care explaning your reasons? I'm not doubting your call, just want to see the reasons (if you wouldn't mind) maybe it would open my mind into a new perspective?
38.2 Pullback 200% Extension.
Founder of Sutherland Wave Principle
  • #349,237
  • Oct 17, 2013 11:35am Oct 17, 2013 11:35am
Quoting 110101
{quote} I hope this it otherwise we may see 63869 again

no hopes, just stop loses

the market masters/big players knew that every little fish on this planet would buy USD after the deal in US and made an ambush for catching as many SL as they could. I think now the game is over and we should see move to south. UK it's not in much better condition than US so this upward move in cable isn't very logical but somebody is counting money made on this, fluck logic, earning money is the name of the game not logic (I have too much logic, gotta clear my head). Anyway, my bet is on the dollar and time will tell if I'm right.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #349,238
  • Oct 17, 2013 11:36am Oct 17, 2013 11:36am
im risking it all ahahahah
Pecuniae obediunt omnia
  • #349,239
  • Oct 17, 2013 11:43am Oct 17, 2013 11:43am
its a trap. ahahah it will make a double top killing the shorts with sl. then will be bearsih...
Pecuniae obediunt omnia
  • #349,240
  • Oct 17, 2013 11:45am Oct 17, 2013 11:45am
now we wait
Pecuniae obediunt omnia
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