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Cable Update (GBPUSD)

  • #350,661
  • Oct 25, 2013 8:12am Oct 25, 2013 8:12am
is anybody long? as long as 1.6115 holds in my 4hr chart, i will stay long until 1.6339, or my ultimate TP 1.6409 82% fibo on my weekly chart (i changed 78.6 to 82%, is more accurate to me)
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  • #350,662
  • Oct 25, 2013 8:15am Oct 25, 2013 8:15am
Quoting eitan1010
ok...my view..GL all and trade safe Eitan{image}
On the attached chart you say "if it closes below 1.618 the way down is kind obvious".

Would you mind telling me why you think so? I can see that yesterday price closed below 1.618 and then it closed even below the next resistance at 1.616 but then it continued to make a HH at 1.624. What makes today different? TIA
  • #350,663
  • Oct 25, 2013 8:18am Oct 25, 2013 8:18am
bear at 89 still holding the fort. bull at 84 in control again. this battle will be won by who controls 76 now. midpoint of 65 and 88
  • #350,664
  • Oct 25, 2013 8:20am Oct 25, 2013 8:20am
Quoting karelk
{quote} On the attached chart you say \"if it closes below 1.618 the way down is kind obvious\". Would you mind telling me why you think so? I can see that yesterday price closed below 1.618 and then it closed even below the next resistance at 1.616 but then it continued to make a HH at 1.624. What makes today different? TIA

i am day trader (scalper)...look only 30/50 pip each pair not for long shoot, every day its new day for me on each pair i trade

GL
when GOD brings you a challenge he also gives you the power to deal with it
  • #350,665
  • Oct 25, 2013 8:21am Oct 25, 2013 8:21am
Quoting karelk
{quote} On the attached chart you say \"if it closes below 1.618 the way down is kind obvious\". Would you mind telling me why you think so? I can see that yesterday price closed below 1.618 and then it closed even below the next resistance at 1.616 but then it continued to make a HH at 1.624. What makes today different? TIA
Fakey breaky... Either front running the GDP or just trying to suck more bulls into an overbought situation. Nothing more. Just the games the market plays.
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Those who say it cannot be done should not interrupt those who are doing it
  • #350,666
  • Oct 25, 2013 8:22am Oct 25, 2013 8:22am
Quoting karelk
{quote} If you are as accurate guessing price levels as you are guessing number of God-worshippers, you should start praying to Her/Him/It
You are right, I should have checked the facts first. 73% (source: http://news.bbc.co.uk/1/shared/spl/h...f/wtwtogod.pdf). In Nigeria though is as high as 98% so my example would make more sense if constrained to the Nigerian Stock Exchange.
  • #350,667
  • Oct 25, 2013 8:22am Oct 25, 2013 8:22am
Quoting PipTrapper
{quote} The USD rise has hit a weak supply zone so a pullback was expected. NY trade will decide which way it is going. 37 minutes to go.
37 min for what?
Enter Signature
  • #350,668
  • Oct 25, 2013 8:27am Oct 25, 2013 8:27am
Quoting basitata
{quote} 37 min for what?
NY opening bell
3 minutes now.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,669
  • Oct 25, 2013 8:33am Oct 25, 2013 8:33am
Twitter IPO today so we may see some risk bidding.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,670
  • Oct 25, 2013 8:41am Oct 25, 2013 8:41am
bull at 82 is messing things up. bear at 89 is controlling here. consumer sentiment will decide the next move. if 76 goes bears control rest of the day
  • #350,671
  • Oct 25, 2013 8:42am Oct 25, 2013 8:42am
Good day,

Taking a small scalp from 1.6180 towards 1.6200

Regards
  • #350,672
  • Oct 25, 2013 8:46am Oct 25, 2013 8:46am
Quoting negrada
{quote} You are right, I should have checked the facts first. 73% (source: http://news.bbc.co.uk/1/shared/spl/h...f/wtwtogod.pdf). In Nigeria though is as high as 98% so my example would make more sense if constrained to the Nigerian Stock Exchange.
If you carry on like that it will be detention soon

You must read more than the headline. It was a poll conducted in 10 countries only. Worldwide the percentage is near 30%
  • #350,673
  • Oct 25, 2013 8:48am Oct 25, 2013 8:48am
Quoting suthmo
I see it going sideways for 6 hours in this little range and then up to 6310 for the close
3PM Launch window approaching. I've been on the right side of this pair since the 16th but very unsure atm. If we go down I will be in absolute awe/amazement. In 4 years of studying and charting channels, I've never seen one miss a top. That doesn't mean it doesn't happen. I just think it's rare, and I've never seen it happen.
Founder of Sutherland Wave Principle
  • #350,674
  • Oct 25, 2013 8:48am Oct 25, 2013 8:48am
Quoting karelk
Worldwide the percentage is near 30%
Ah, ok.
  • #350,675
  • Oct 25, 2013 9:02am Oct 25, 2013 9:02am
lot of shity scores from US..
when GOD brings you a challenge he also gives you the power to deal with it
  • #350,676
  • Oct 25, 2013 9:07am Oct 25, 2013 9:07am
Quoting eitan1010
lot of shity scores from US..
Agree but , Why Sterling don't go up? manipulator an arsehole US bank short it? Sterling should be 1.65/toilet paper USD
I want to be rich.
  • #350,677
  • Oct 25, 2013 9:11am Oct 25, 2013 9:11am
bears in control now. enough ammunition was given to the bulls. they couldn't capitalize.it will be horrible if 68 goes now
  • #350,678
  • Oct 25, 2013 9:12am Oct 25, 2013 9:12am
Quoting suthmo
{quote} 3PM Launch window approaching. I've been on the right side of this pair since the 16th but very unsure atm. If we go down I will be in absolute awe/amazement. In 4 years of studying and charting channels, I've never seen one miss a top. That doesn't mean it doesn't happen. I just think it's rare, and I've never seen it happen.
I am up to my eyeballs in longs.... been getting major bull signals for minimum 1.6300 ever since 01/10/1. Would love for this to come true but the way this pair is acting almost certainly not happening today
Loser trying to become a winner!
  • #350,679
  • Oct 25, 2013 9:17am Oct 25, 2013 9:17am
Quoting magicgate
{quote} IMO now is the best time to short GU within the last two weeks. Especially as it's a Friday and should be a correction time later Edit: several shorts from 1.6235
Done for today, TP 1.6175 (as EU is still looking up)
  • #350,680
  • Oct 25, 2013 9:18am Oct 25, 2013 9:18am
D1 and 1HR
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