Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#350,861
Oct 28, 2013 9:11am Oct 28, 2013 9:11am

PatienceFx
Joined Jun 2013 | Status: enjoying life | 23,891 Posts

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

6killer2000
| Joined May 2013 | Status: Trader | 24 Posts

Quoting PatienceFx

Disliked

levels to break to continue longs or fizz out {image}

Ignored

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

fxlover11
| Joined Mar 2013 | Status: Trader | 1,351 Posts

Quoting TauTrader

Disliked

{quote} Good day to you, sir Not so sure. Regards

Ignored

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

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting 6killer2000

Disliked

{quote} The windows in your chart is interesting !!! how do you get it ? 10x

Ignored

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

JimmyC
Joined Jun 2013 | Status: Trader | 3,071 Posts

GU1H

The speed bumps to the downside, if we are moving to the downside intraday

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Daily levels of interest

23.6 1.5921
38.2 1.5708 target
50 1.5537 optimistic

G/L

#350,866
Oct 28, 2013 9:22am Oct 28, 2013 9:22am

negrada
| Joined Oct 2013 | Status: Trader | 113 Posts

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

Farrusco
| Joined Oct 2012 | Status: Trader | 1,189 Posts

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

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting negrada

Disliked

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

Ignored

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

Farrusco
| Joined Oct 2012 | Status: Trader | 1,189 Posts

big boys in play

#350,870
Oct 28, 2013 9:26am Oct 28, 2013 9:26am

negrada
| Joined Oct 2013 | Status: Trader | 113 Posts

Quoting PipTrapper

Disliked

{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.

Ignored

US numbers were just horrible. destroyed the bear momentum.

#350,871
Edited 4:51pm Oct 28, 2013 9:29am | Edited 4:51pm

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting negrada

Disliked

{quote} US numbers were just horrible. destroyed the bear momentum.

Ignored

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

Pumpndump
| Joined Jul 2013 | Status: Trader | 227 Posts

Quoting TauTrader

Disliked

Question now becomes - do we bounce or do we break through. {image}

Ignored

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

negrada
| Joined Oct 2013 | Status: Trader | 113 Posts

Quoting PipTrapper

Disliked

{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.

Ignored

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

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting Pumpndump

Disliked

{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

Ignored

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

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting negrada

Disliked

{quote} I agree the numbers are ancient history, but they were just too bad to be ignored.

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

Pumpndump
| Joined Jul 2013 | Status: Trader | 227 Posts

Quoting PipTrapper

Disliked

{quote} Don't forget to say Cheers to the ladies. Some do visit here.

Ignored

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

PipTrapper
Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts

Quoting Pumpndump

Disliked

{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.

Ignored