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Cable Update (GBPUSD)

  • #350,801
  • Oct 28, 2013 2:01am Oct 28, 2013 2:01am
bulls are out on H1
Gold Annihilation System
  • #350,802
  • Oct 28, 2013 2:03am Oct 28, 2013 2:03am
Quoting Hunterrus
bulls are out on H1

yes but on D1 they are still there.
  • #350,803
  • Oct 28, 2013 2:03am Oct 28, 2013 2:03am
Quoting giveachance
{quote} which place is this big bear?
6200
Gold Annihilation System
  • #350,804
  • Oct 28, 2013 2:05am Oct 28, 2013 2:05am
Quoting giveachance
{quote} yes but on D1 they are still there.
6143 will be shaken out soon
Gold Annihilation System
  • #350,805
  • Oct 28, 2013 2:07am Oct 28, 2013 2:07am
bull at 68 has now moved to 83. bull at 89 has to be taken out for further downside
  • #350,806
  • Oct 28, 2013 2:11am Oct 28, 2013 2:11am
my guess is this is cross related selling hitting the market. eur/gbp related selling
  • #350,807
  • Oct 28, 2013 2:11am Oct 28, 2013 2:11am
certainly intraday overall so far is bullish...you just gotta trade what you see on the t/f (s) you are trading - sometimes even if against what is the the overall greater probability given a set of circumstances on a higher t/f (s.) 1hr/4hr is rangy at the moment re opa.

G/L
ex member
  • #350,808
  • Oct 28, 2013 2:11am Oct 28, 2013 2:11am
good luck bears....daily is consolidating before the next move which is a continuation of the uptrend. Bears had their chance and failed at 1.59. Monthly chart is still very bullish and cant be ignored
  • #350,809
  • Oct 28, 2013 2:18am Oct 28, 2013 2:18am
ok I am out. I was in profit of 10 pips to close in 22 pips loss. it exceeded my allowed risk levels and had to close
  • #350,810
  • Oct 28, 2013 2:21am Oct 28, 2013 2:21am
are we about to pop to the upside?? or is this area the high for the day.... time will tell but 1.6300+ is certainly on its way at some point.
Loser trying to become a winner!
  • #350,811
  • Oct 28, 2013 2:22am Oct 28, 2013 2:22am
Does anybody see this perfect 1.6180 sell stop on cable ??? This Mr.Cable has my 1.6180 sell stop order now, %100 perfect trade.
  • #350,812
  • Oct 28, 2013 2:22am Oct 28, 2013 2:22am
Quoting giveachance
ok I am out. I was in profit of 10 pips to close in 22 pips loss. it exceeded my allowed risk levels and had to close
u shouldn't do this...so it is up to u
Gold Annihilation System
  • #350,813
  • Oct 28, 2013 2:22am Oct 28, 2013 2:22am
Quoting giveachance
{quote} which place is this big bear?
Lower Manhattan, NYC
Those who say it cannot be done should not interrupt those who are doing it
  • #350,814
  • Oct 28, 2013 2:30am Oct 28, 2013 2:30am
Quoting okanemici
Does anybody see this perfect 1.6180 sell stop on cable ??? This Mr.Cable has my 1.6180 sell stop order now, %100 perfect trade.

it is a long now. till it breaks 1.6168 where the bear has come. bulls are at 89,94 now
  • #350,815
  • Oct 28, 2013 2:34am Oct 28, 2013 2:34am
testing underside of previous 4hr ascending t/line...price still in the 6114-6256/59 rangy opa conditions...last gasp of the bulls in here or strength building again ?

G/L
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ex member
  • #350,816
  • Edited 2:44am Oct 28, 2013 2:34am | Edited 2:44am
I am long (small amount though). Saying so i have no idea why we are in >1,6200 territory. Everything seems to point down.

EDIT: Closed my long @ 1,62007. I really don't see any logic for further upside.
  • #350,817
  • Oct 28, 2013 2:37am Oct 28, 2013 2:37am
Friends, if we get to 1.623 on the back of no news I'm shorting, with SL reasonably above the many-month master high of 1.6259. G/L
  • #350,818
  • Oct 28, 2013 2:46am Oct 28, 2013 2:46am
Quoting giveachance
{quote} it is a long now. till it breaks 1.6168 where the bear has come. bulls are at 89,94 now
I prefer calling it a fake long 1.6168 sell stop will do too.65 is the safest but I needed to take that 15 more pips, it was tempting
  • #350,819
  • Oct 28, 2013 2:50am Oct 28, 2013 2:50am
There's my bull, he was just waiting for his date.
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Founder of Sutherland Wave Principle
  • #350,820
  • Oct 28, 2013 2:50am Oct 28, 2013 2:50am
Quoting okanemici
{quote} I prefer calling it a fake long 1.6168 sell stop will do too.65 is the safest but I needed to take that 15 more pips, it was tempting

don't get tempted. this may not stop at 1.6245 also. if it wants to take out shorts it will rally to 1.63
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