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Cable Update (GBPUSD)

  • #350,521
  • Oct 25, 2013 3:54am Oct 25, 2013 3:54am
market will kiss sakura.....
  • #350,522
  • Oct 25, 2013 3:54am Oct 25, 2013 3:54am
Quoting spaceduck
{quote} My charts say it's ready to break out.. ok good luck!
Same to you.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,523
  • Oct 25, 2013 3:55am Oct 25, 2013 3:55am
Quoting nAVIN2007
{quote} what yur view on GDP m8?
I just think it is unjustifiable to buy more of the currency just because GDP met expectations. It was just hedge fund trend following money trying to buy on dips.

We have another big news in the US in 3 and a half hours time. If I'm still in profit by then I'll again do the same, close the position, read the news and then have my view on it.

My trading style is: use charts to decide entry and exit points, but use the news to decide whether to enter or not!
  • #350,524
  • Oct 25, 2013 3:56am Oct 25, 2013 3:56am
all right so all of us think it will go down. imho if it breaks 1.6195 zone it is headed to 1.6145 and 1.6080
  • #350,525
  • Oct 25, 2013 3:59am Oct 25, 2013 3:59am
  • #350,526
  • Oct 25, 2013 4:00am Oct 25, 2013 4:00am
Lol yeh (so far ?)...1hr even closes a bit doji esq showing the indecision ....resistance in zone to today's current hi

G/L

Quoting PipTrapper
{quote} LOL Looks like the ones who stayed flat didn't miss anything. So... some of the luck went to them anyway.
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ex member
  • #350,527
  • Oct 25, 2013 4:02am Oct 25, 2013 4:02am
Quoting negrada
{quote} I just think it is unjustifiable to buy more of the currency just because GDP met expectations. It was just hedge fund trend following money trying to buy on dips. We have another big news in the US in 3 and a half hours time. If I'm still in profit by then I'll again do the same, close the position, read the news and then have my view on it. My trading style is: use charts to decide entry and exit points, but use the news to decide whether to enter or not!

market is simply looking for a reason to buy dollar..if u ask me
  • #350,528
  • Oct 25, 2013 4:03am Oct 25, 2013 4:03am
Quoting PipTrapper
{quote} Good guess. I've maintained that this pair is overdone... even from a technical perspective.
well if it sits well with u..that good enough for me
  • #350,529
  • Oct 25, 2013 4:04am Oct 25, 2013 4:04am
no technical... just market speculation...........
dont always believe to your technical ..............................
  • #350,530
  • Oct 25, 2013 4:07am Oct 25, 2013 4:07am
Quoting nAVIN2007
{quote} market is simply looking for a reason to buy dollar..if u ask me
Not sure I'd call it Dollar buying. More like short covering by the hedgies. Maybe because it's a Friday, or perhaps because they got a bit ahead of the data.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,531
  • Oct 25, 2013 4:08am Oct 25, 2013 4:08am
Quoting sepuluh
no technical... just market speculation........... dont always believe to your technical ..............................
Especially lately.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,532
  • Oct 25, 2013 4:09am Oct 25, 2013 4:09am
I think we got the high for today this morning (upper side of a top diamond formed), so i'm short too.
  • #350,533
  • Oct 25, 2013 4:11am Oct 25, 2013 4:11am
heavy battle is fought around 1.6210. think this is the turning point for the day
  • #350,534
  • Oct 25, 2013 4:11am Oct 25, 2013 4:11am
Cable on course for pigment expansion up to the 61.8 "Lotus petals"..
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Quoting cdndollar
{quote} Another classic EUR EURGBP GBP lead/lag line dance unfolding.. GBP M/T business.. {image} ..
  • #350,535
  • Oct 25, 2013 4:12am Oct 25, 2013 4:12am
Quoting Forex Looser
I think we got the high for today this morning (upper side of a top diamond formed), so i'm short too.

  • #350,536
  • Oct 25, 2013 4:13am Oct 25, 2013 4:13am
Quoting cdndollar
Cable on course for pigment expansion up to the 61.8 \"Lotus petals\".. {image} {quote}

do you run a massage centre or are you a vet? don't understand your posts sometimes you talk abt elephants. sometimes abt petals

  • #350,537
  • Oct 25, 2013 4:16am Oct 25, 2013 4:16am
It's a relief that today's high wasn't violated after GDP release. My chart tells me that ABC correction was completed at 6245 with a harmonic pattern from the previous impulsive leg down. Hope that later USD news will do the rest... we will see.
  • #350,538
  • Oct 25, 2013 4:21am Oct 25, 2013 4:21am
potentially bad news for the bulls - number of lots short per this site's trade explorer falls from 82% last night to 70% lol !

G/L
ex member
  • #350,539
  • Oct 25, 2013 4:23am Oct 25, 2013 4:23am
Hot Market.......
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  • #350,540
  • Oct 25, 2013 4:27am Oct 25, 2013 4:27am
Quoting sepuluh
down ...... and kyuubi will dance with naruto....
hahah!!!
u r so nauto guy. anyway, short is there too for me. might get a spike up to 6245 max (my levels) for now. but short is there. volume is there.
pa showing there. clock is ticking now. gL trading
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