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Cable Update (GBPUSD)

  • #350,861
  • Oct 28, 2013 9:11am Oct 28, 2013 9:11am
levels to break to continue longs or fizz out

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  • #350,862
  • Oct 28, 2013 9:15am Oct 28, 2013 9:15am
Quoting PatienceFx
levels to break to continue longs or fizz out {image}

The windows in your chart is interesting !!! how do you get it ?
10x
  • #350,863
  • Oct 28, 2013 9:16am Oct 28, 2013 9:16am
Quoting TauTrader
{quote} Good day to you, sir Not so sure. Regards
Thanks for your comment. Yes, Sir I know. Just expressed my opinion.
Never test the depth of water with both feet.
  • #350,864
  • Oct 28, 2013 9:18am Oct 28, 2013 9:18am
Quoting 6killer2000
{quote} The windows in your chart is interesting !!! how do you get it ? 10x
http://www.forexfactory.com/showthread.php?t=326551
Those who say it cannot be done should not interrupt those who are doing it
  • #350,865
  • Oct 28, 2013 9:20am Oct 28, 2013 9:20am
GU1H

The speed bumps to the downside, if we are moving to the downside intraday
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Daily levels of interest

  1. 23.6 1.5921
  2. 38.2 1.5708 target
  3. 50 1.5537 optimistic

G/L

  • #350,866
  • Oct 28, 2013 9:22am Oct 28, 2013 9:22am
and the US home sales came just on the other side of the road to ruin the bears party... pity I almost bought at 1.613
  • #350,867
  • Oct 28, 2013 9:24am Oct 28, 2013 9:24am
i'm short already but if makes new high I will abandon.. Bears will come in 5min?
  • #350,868
  • Oct 28, 2013 9:24am Oct 28, 2013 9:24am
Quoting negrada
and the US home sales came just on the other side of the road to ruin the bears party... pity I almost bought at 1.613
1.6160 is holding for now. after that we still have 6180/5 to get through and that will be a tough nut to crack... it will need further US negative / GB positive news.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,869
  • Oct 28, 2013 9:26am Oct 28, 2013 9:26am
big boys in play
  • #350,870
  • Oct 28, 2013 9:26am Oct 28, 2013 9:26am
Quoting PipTrapper
{quote} 1.6160 is holding for now. after that we still have 6180/5 to get through and that will be a tough nut to crack... it will need further US negative / GB positive news.

US numbers were just horrible. destroyed the bear momentum.
  • #350,871
  • Edited 4:51pm Oct 28, 2013 9:29am | Edited 4:51pm
Quoting negrada
{quote} US numbers were just horrible. destroyed the bear momentum.
The US numbers are ancient history. This is a technical play. High event risk on Thursday Wednesday will (or should) cause large speculators to take some profits on their USd shorts.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,872
  • Oct 28, 2013 9:31am Oct 28, 2013 9:31am
Quoting TauTrader
Question now becomes - do we bounce or do we break through. {image}
I say bounce, I reckon minutes coming out wednesday will be the decider, until then i reckon we range so I took this to come out of a short i had at 1.616 and booked a 162.379

I will of course be looking to add longs higher if and when.

Out for a well earned Cognac.

Cheers Gentlemen
  • #350,873
  • Oct 28, 2013 9:33am Oct 28, 2013 9:33am
Quoting PipTrapper
{quote} The US numbers are ancient history. This is a technical play. High event risk on Thursday will (or should) cause large speculators to take some profits on their USd shorts.

I agree the numbers are ancient history, but they were just too bad to be ignored.
  • #350,874
  • Oct 28, 2013 9:34am Oct 28, 2013 9:34am
Quoting Pumpndump
{quote} I say bounce, I reckon minutes coming out wednesday will be the decider, until then i reckon we range so I took this to come out of a short i had at 1.616 and booked a 162.379 I will of course be looking to add longs higher if and when. Out for a well earned Cognac. Cheers Gentlemen
Don't forget to say Cheers to the ladies. Some do visit here.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,875
  • Oct 28, 2013 9:36am Oct 28, 2013 9:36am
Quoting negrada
{quote} I agree the numbers are ancient history, but they were just too bad to be ignored.
True they are very bad, but that was already priced in for the most part.
Remember the market was looking forward and started front running "peddle to the metal QE" right after the gov re-opened.
Now that the USD shorts are pretty much technically stretched, and also the fact that the Fed's forward guidance measures have lost almost all credibility, the market makers don't want to get caught with their pants down again. So, there should be profit taking on short USD positions before FOMC.

Yes bears have lost steam, and rightfully so, but that doesn't mean that the bulls are ready to take over.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,876
  • Oct 28, 2013 9:37am Oct 28, 2013 9:37am
Quoting PipTrapper
{quote} Don't forget to say Cheers to the ladies. Some do visit here.
No women in my Gentleman's Club, unless it's gone 11

Don't trade and drink, above i meant to say will add SHORTS if it goes higher. Good Day all.
  • #350,877
  • Oct 28, 2013 9:41am Oct 28, 2013 9:41am
Quoting Pumpndump
{quote} No women in my Gentleman's Club, unless it's gone 11 Don't trade and drink, above i meant to say will add SHORTS if it goes higher. Good Day all.


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Those who say it cannot be done should not interrupt those who are doing it
  • #350,878
  • Oct 28, 2013 9:58am Oct 28, 2013 9:58am
Quoting PatienceFx
levels to break to continue longs or fizz out {image}
the march continues, so far rsi still going strong on m15
  • #350,879
  • Oct 28, 2013 10:05am Oct 28, 2013 10:05am
Closed lower shorts.

Regards
  • #350,880
  • Oct 28, 2013 10:10am Oct 28, 2013 10:10am
pa struggling at day open, going short with tight stop

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