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Cable Update (GBPUSD)

  • #350,301
  • Oct 24, 2013 8:40am Oct 24, 2013 8:40am
This currency isn't going to do anything for awhile. No reason to even consider trading it till it starts moving again.
  • #350,302
  • Oct 24, 2013 8:40am Oct 24, 2013 8:40am
Quoting suthmo
Can expect a wtf move up to 6350 This is just my opinion I'll explain later.
May be . But till now following the previous wave up symmetrically. How long this symmetry will continue? From graph I can see New home sales is a field where US is giving good data continuously but last two month was not so good. A good data will take GU to 1.5900 if it maintain symmetry . BTW USD index is very near of strong support if it break down because of bad data all currency will fly against USD.

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Never test the depth of water with both feet.
  • #350,303
  • Oct 24, 2013 8:44am Oct 24, 2013 8:44am
.....dont fight the trend...all indis show down,stoch,macd etc etc

even PA and CP...

GL.
when GOD brings you a challenge he also gives you the power to deal with it
  • #350,304
  • Oct 24, 2013 8:50am Oct 24, 2013 8:50am
Quoting eitan1010
.....dont fight the trend...all indis show down,stoch,macd etc etc even PA and CP... GL.
I saw more than TEN Indies in One Chart
Always looking the GREAT, never left GOOD Point...
  • #350,305
  • Oct 24, 2013 8:53am Oct 24, 2013 8:53am
fibo dont lie..

g/u having trouble closing above 6220 range 6260/5920 88.6% fibo.


H/s pattern with support at 6120 range 61.8% fibo.


scalping range 6220/6120


below 6120 50% fibo @ 6086 38.2% fibo @ 6045
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  • #350,306
  • Oct 24, 2013 8:53am Oct 24, 2013 8:53am
Quoting Tsar
{quote} I saw more than TEN Indies in One Chart
If it doesn't look like an acid trip you're doing it wrong..

  • #350,307
  • Oct 24, 2013 9:04am Oct 24, 2013 9:04am
Quoting JimmyC
{quote} If it doesn't look like an acid trip you're doing it wrong..
Too much indies in One Chart will make Confused...

Even got in Wrong Way... always know where the WAY OUT ! :nerd:
Always Calculation that's but if MISS - accept the Loss, that's Important RULE in Trade
Always looking the GREAT, never left GOOD Point...
  • #350,308
  • Oct 24, 2013 9:10am Oct 24, 2013 9:10am
anybody notice new home sales is not in the calendar anymore? what happened? To me gbpusd is still in an uptrend in the 4 hr chart and won't change until 1.6115 is broken and retest. I'm holding on to my stop loss right below it. it's like a basketball game, anything can happen at the last second!
  • #350,309
  • Oct 24, 2013 9:12am Oct 24, 2013 9:12am
Quoting Tsar
{quote} Stronger Bear... Price 1.6130 as Support, more Lower than this... Price 1.6110 But I don't guarantee it will survive
She Upward Now...
Keep eyes in Price 1.6174 as Resistance. That's the WAY OUT for Wrong Way
Always looking the GREAT, never left GOOD Point...
  • #350,310
  • Oct 24, 2013 9:18am Oct 24, 2013 9:18am
Quoting e061578
anybody notice new home sales is not in the calendar anymore? what happened? To me gbpusd is still in an uptrend in the 4 hr chart and won't change until 1.6115 is broken and retest. I'm holding on to my stop loss right below it. it's like a basketball game, anything can happen at the last second!
Forget the NEWS. Alway Focus on your Chart !

Trading use your Strategy and which your OP position...
Always looking the GREAT, never left GOOD Point...
  • #350,311
  • Oct 24, 2013 9:19am Oct 24, 2013 9:19am
So you need 4 vouches to start a thread? That is hilarious.
  • #350,312
  • Oct 24, 2013 9:28am Oct 24, 2013 9:28am
Hoaaammm....
  • #350,313
  • Oct 24, 2013 9:30am Oct 24, 2013 9:30am
Quoting Tsar
{quote} She Upward Now... Keep eyes in Price 1.6174 as Resistance. That's the WAY OUT for Wrong Way
Wee... Found the Way Out

Still Hold my OP because She will UPward...
Always looking the GREAT, never left GOOD Point...
  • #350,314
  • Oct 24, 2013 9:31am Oct 24, 2013 9:31am
...maybe price will just stay in this 6114-6256 range until Uk's 2rd Qtr Gdp release tomorrow ? Today so far pretty neutral/mixed re opa - 77% of 20 day atr covered, and so far this week only 49% of 20 week atr covered..so plenty of room for movement ion that regard - which is good because I for one am hoping for a big move either way on that data release. The commentary seems to favour a big number and so it seems it has the growing capacity for a big reaction to the downside if the number disappoints/upside if number good...this always happens when expectation is high.

...now listen you longer term bears, - it getting to be last chance saloon for you now and they've just called time - it's now or never - save yourselves - the greater probability is that you will get slaughtered tomorrow - come on do the right thing - you know you want to really - don't listen to that hope demon whispering sweet nothings in your ear - listen to fear, fear I tell you, fear !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

1hr is below

G/L
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ex member
  • #350,315
  • Oct 24, 2013 9:32am Oct 24, 2013 9:32am
Good day,

Closed top 3 shorts again earlier. Took longs off the 5min.

Closed now and entered 1 short again.

Regards
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  • #350,316
  • Oct 24, 2013 9:38am Oct 24, 2013 9:38am
Quoting lonewolf1
So you need 4 vouches to start a thread? That is hilarious.
What's the Hilarious ?

Open New Interactive Trading thread's must be a Special Member
Does any Member who has 4V or more, be willing to open that Thread ?
Always looking the GREAT, never left GOOD Point...
  • #350,317
  • Oct 24, 2013 9:47am Oct 24, 2013 9:47am
Quoting bbmac
...maybe price will just stay in this 6114-6256 range until Uk's 2rd Qtr Gdp release tomorrow ? Today so far pretty neutral/mixed re opa - 77% of 20 day atr covered, and so far this week only 49% of 20 week atr covered..so plenty of room for movement ion that regard - which is good because I for one am hoping for a big move either way on that data release. The commentary seems to favour a big number and so it seems it has the growing capacity for a big reaction to the downside if the number disappoints/upside if number good...this always happens...
You leave bears on their own and take care of yourself. If you are winning why bother and waste your time on persuading someone to give up his/hers positions....
Bye!
  • #350,318
  • Oct 24, 2013 9:47am Oct 24, 2013 9:47am
I just think its funny, people vouch for traders they really don't know, and have never seen a track record for. It's a buddy buddy thing, you vouch for me ill vouch for you.

I want to start a Euro/Aussie thread if there isnt one already. It's by far my favorite pair, but i need vouches to start it. Just seems silly
  • #350,319
  • Oct 24, 2013 9:49am Oct 24, 2013 9:49am
Quoting Tsar
{quote} Wee... Found the Way Out Still Hold my OP because She will UPward...
She doesn't know if she goes up or down...
  • #350,320
  • Oct 24, 2013 9:50am Oct 24, 2013 9:50am
or, as most here will know...it could have been a joke !

G/L

Quoting ravenbg
{quote} You leave bears on their own and take care of yourself. If you are winning why bother and waste your time on persuading someone to give up his/hers positions.... Bye!
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