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Cable Update (GBPUSD)

  • #349,781
  • Oct 22, 2013 10:58am Oct 22, 2013 10:58am
Quoting suthmo
MY TP is 1.7082
there is a gap on one of my systems @ 1.74xx.

But later - I think
  • #349,782
  • Oct 22, 2013 11:00am Oct 22, 2013 11:00am
Quoting Bones
Yea I agree yearly be difficult to break up this year ,but im not sure how to read next year maybe higher then imo {quote}

i think it will drop but this month is vital we dont move beyond the highs, next month we proceed attacking 1.59 with a break..i need the year end to close below 1.59
the chart is what im seeing right now bro
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  • #349,783
  • Edited 11:32am Oct 22, 2013 11:13am | Edited 11:32am
6224 previous swing hi and Daily R3 breeched to the upside - price running into more supply and this likely thru to that 6259 swing hi...can the bulls push thru this ? If they do the near-term potential resistance is as follows:

[ 6236-47-59 prev 1hr/4hr/daily/minor weekly sw hi zone

[ 6245-55 daily desc t/line coming thru on tueday's daily candle

then,

[ 6278-6309-6349 prev daily/weekly/monthly sw hi zone incl 6285=76.4% 6746-4811, and 6295 = Weekly R1 @/around

[ 6315-25 monthly descending t/line coming thru on new weekly candle


6422/25 Monthly R1 / Weekly R2 @/around

G/L
ex member
  • #349,784
  • Oct 22, 2013 11:14am Oct 22, 2013 11:14am
I posted this (amongst other things) during the w/e...it is replicated below;

G/L
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ex member
  • #349,785
  • Oct 22, 2013 11:21am Oct 22, 2013 11:21am
Quoting negrada
and the rest of my cable long went at 1.617, now I'm neutral. bye bye FRIENDS!
Nice trading today Mr. Negrada.
  • #349,786
  • Oct 22, 2013 11:25am Oct 22, 2013 11:25am
well we already have a nearly 300 pip wick to north at the top of range I wouldn't be surprised to close out year there at all ,
but doesn't look as bearish as the highlighted 2011 set up ,I agree this month vital ,but stick to my guns no range break


Quoting nAVIN2007
{quote} i think it will drop but this month is vital we dont move beyond the highs, next month we proceed attacking 1.59 with a break..i need the year end to close below 1.59 the chart is what im seeing right now bro {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #349,787
  • Oct 22, 2013 11:27am Oct 22, 2013 11:27am
1.6265 is coming
  • #349,788
  • Oct 22, 2013 11:33am Oct 22, 2013 11:33am
Quoting lonewolf1
1.6265 is coming

if euro does not turn now 1.64 will also come.
  • #349,789
  • Oct 22, 2013 11:34am Oct 22, 2013 11:34am
Quoting Tsar
{quote} Don't make He will... {image}

  • #349,790
  • Oct 22, 2013 11:37am Oct 22, 2013 11:37am
Quoting giveachance
{quote} if euro does not turn now 1.64 will also come.

That would work just fine with me.
  • #349,791
  • Oct 22, 2013 11:40am Oct 22, 2013 11:40am
Quoting TauTrader
{quote} there is a gap on one of my systems @ 1.74xx. But later - I think
Will be interesting to see if this run is that gap closer. Just waiting on cue's that give the precise top here.
Quoting suthmo
Just wondering if it will be straight up vertical or channel to new high.
It's the channel type one. This wave run we are in today should take us through 1.6500 and beyond before any significant pullback 1.67xx
Founder of Sutherland Wave Principle
  • #349,792
  • Oct 22, 2013 11:42am Oct 22, 2013 11:42am
Looking good for the bulls lol -see FF.com's current trade explorer below:
Price now at 114% 20 day atr since NFP....still only 42% 20 week atr so far this week, and 70% 20month atr so far this month.
current weekly below:

G/L
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Attached Image
ex member
  • #349,793
  • Oct 22, 2013 11:42am Oct 22, 2013 11:42am
Quoting suthmo
{quote} Will be interesting to see if this run is that gap closer. Just waiting on cue's that give the precise top here. {quote} It's the channel type one. This wave run we are in today should take us through 1.6500 and beyond before any significant pullback 1.67xx
  • #349,794
  • Oct 22, 2013 11:43am Oct 22, 2013 11:43am
Bought a little bit (0.05 only) from 1.61470 before US Data. SL now @ BE. Won't close this trade until it has reached 1.6250.
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  • #349,795
  • Oct 22, 2013 11:44am Oct 22, 2013 11:44am
Quoting Purple
{quote} Nice trading today Mr. Negrada.
Selective/ Bias

No substance purple - doos
  • #349,796
  • Oct 22, 2013 11:44am Oct 22, 2013 11:44am
I think most of you guys are short from 1.59-1.60 area. correct me if i am wrong?
  • #349,797
  • Oct 22, 2013 11:48am Oct 22, 2013 11:48am
i`m short OF about 20 pips from TP. Tempted to close out now before the TP is reached.
Attached Image
Trend_Masters
  • #349,798
  • Oct 22, 2013 12:05pm Oct 22, 2013 12:05pm
i think im in trouble
  • #349,799
  • Oct 22, 2013 12:07pm Oct 22, 2013 12:07pm
Quoting nAVIN2007
i think im in trouble
JUST WHEN YOU THINK...
  • #349,800
  • Oct 22, 2013 12:09pm Oct 22, 2013 12:09pm
Quoting nAVIN2007
i think im in trouble


why? margin call?
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