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Cable Update (GBPUSD)

  • #352,041
  • Nov 6, 2013 7:08am Nov 6, 2013 7:08am
Quoting JimmyC
{quote} Lekker!
Kwaai!
  • #352,042
  • Nov 6, 2013 7:09am Nov 6, 2013 7:09am
Quoting PipTrapper
{quote} If we break and hold below 5885/5900, then it's a given we have a measured target of 1.55xx from the double top.
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Those who say it cannot be done should not interrupt those who are doing it
  • #352,043
  • Nov 6, 2013 7:24am Nov 6, 2013 7:24am
Quoting geomink
now it's playing with R1 Daily Pivot shall see if it's a buy on dip on R1 or not
playing again around here..................... but not falling.................. hmmmmmmmm......
Don't give up
  • #352,044
  • Nov 6, 2013 7:24am Nov 6, 2013 7:24am
whether it can reach to point 1.6250 on GU ?
  • #352,045
  • Nov 6, 2013 7:25am Nov 6, 2013 7:25am
the Machine said to short...
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  • #352,046
  • Nov 6, 2013 7:29am Nov 6, 2013 7:29am
Quoting moreno
whether it can reach to point 1.6250 on GU ?
good day to you, sir

Anything is possible.. But I am marking 1.5982 as a spot where we need to visit again. The higher it goes - the more I add short towards this number. Obviously within my rules of risk.

Regards
  • #352,047
  • Nov 6, 2013 7:31am Nov 6, 2013 7:31am
Quoting PipTrapper
{quote} {image}
Ok I was holding back when I said 5800 I'm also eying 55XX
Founder of Sutherland Wave Principle
  • #352,048
  • Nov 6, 2013 7:31am Nov 6, 2013 7:31am
Quoting philcab31
the Machine said to short... {image}
Now that looks cool
  • #352,049
  • Nov 6, 2013 7:34am Nov 6, 2013 7:34am
Quoting suthmo
{quote} Ok I was holding back when I said 5800 I'm also eying 55XX
Again - value there

1.5562 is a probable target. Over time.

Regards
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  • #352,050
  • Nov 6, 2013 7:40am Nov 6, 2013 7:40am
Evening Gents,

I see none of my sell orders triggered. As for targets I see a road block at 1.57x? Anyone else see that?
  • #352,051
  • Nov 6, 2013 7:43am Nov 6, 2013 7:43am
Quoting Pumpndump
Evening Gents, I see none of my sell orders triggered. As for targets I see a road block at 1.57x? Anyone else see that?
what time frame ru looking at?
  • #352,052
  • Nov 6, 2013 7:43am Nov 6, 2013 7:43am
Good day,

That 4hr bar closes in 15 minutes.

Will then plan strategy.

Regards
  • #352,053
  • Nov 6, 2013 7:50am Nov 6, 2013 7:50am
Quoting Davit
Reentering shorts again on my favorite pair GC Price is on my SELL zone upper channel Target 700 tips lower 60'sh. {image}
Hi Davit. Hope all is well with you.

You still looking for GC drop? The GU is looking heavy. A 700 pip drop is pretty aggressive but would not surprise me. The only pause I have on this is that the S&P is getting pretty toppy and should it turn south...the GC will rocket upwards. In my opinion anyway.

Always good to see all views. This is what makes a market.
  • #352,054
  • Nov 6, 2013 7:51am Nov 6, 2013 7:51am
Quoting Pumpndump
Evening Gents, I see none of my sell orders triggered. As for targets I see a road block at 1.57x? Anyone else see that?
what I see now is a possible bear trap + buy on dip + starting new leg up
Don't give up
  • #352,055
  • Nov 6, 2013 8:04am Nov 6, 2013 8:04am
good day,

Ok - I have a signal short scalp. Taking the close of the 4hr @ 1.6088. Will deduct 30 - target scalp thus 1.6058. Need to see that my BE is above that.

So - sell heavily towards 1.6058.

Lets see

Regards
  • #352,056
  • Nov 6, 2013 8:13am Nov 6, 2013 8:13am
Quoting geomink
{quote} playing again around here..................... but not falling.................. hmmmmmmmm......
I see around 1.6172 as the ah hah moment for people caught with shorts and buyers wanting to sell out of their bought positions. I think thats where we will see a last ditch effort. My view is I would not be surprised to see it bounce range around or go to this level before turning. If you take a look at the daily double tops with the two large volume and movement days up. They both finished around this level a few other buyers came in then failed. The current run up is not as strong. If it runs passed this then I wont have an opinion until I see something strong happen such as large volume and price movement, breaking through the monthly trend at daily doubles etc.
  • #352,057
  • Nov 6, 2013 8:25am Nov 6, 2013 8:25am
Quoting TauTrader
good day, Ok - I have a signal short scalp. Taking the close of the 4hr @ 1.6088. Will deduct 30 - target scalp thus 1.6058. Need to see that my BE is above that. So - sell heavily towards 1.6058. Lets see Regards
Mr TauTrader. Good day to you sir. Do I see you are taking an aggressive short scalp? Nice to have a variety of tools in the 'ole tool bag when working these FX trades!

Good many green pips to ya!
  • #352,058
  • Nov 6, 2013 8:28am Nov 6, 2013 8:28am
Seems like it run out of steam.

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  • #352,059
  • Nov 6, 2013 8:36am Nov 6, 2013 8:36am

Quoting geomink
{quote} what I see now is a possible bear trap + buy on dip + starting new leg up
Attached Image (click to enlarge)
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  • #352,060
  • Nov 6, 2013 8:38am Nov 6, 2013 8:38am
Quoting cat
{quote} what time frame ru looking at?
weekly, 1.57250 ish. cheers
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