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Cable Update (GBPUSD)

  • #352,461
  • Nov 8, 2013 9:19am Nov 8, 2013 9:19am
Imagine a close today @ 1.588x
  • #352,462
  • Nov 8, 2013 9:20am Nov 8, 2013 9:20am
Quoting PipTrapper
{quote} Oh I sure it will come around... as long as it does it before my stops are tripped below 1.1200
Loving the D1 PA for next week. If we can close more or less as we are now (little higher would be nice) then i really favour smiles all round over next couple weeks. I'm sure you see what i mean . Sorry for posting this here btw...
  • #352,463
  • Nov 8, 2013 9:22am Nov 8, 2013 9:22am
Quoting aBitWonKy
{quote} Loving the D1 PA for next week. If we can close more or less as we are now (little higher would be nice) then i really favour smiles all round over next couple weeks. I'm sure you see what i mean . Sorry for posting this here btw...
I fully agree. Clearly this is a bottoming pattern, and with Kiwi/Dollar breaking through the H/S neckline, it's almost a sure thing as Kiwi has a lot more room to the downside than the Oz at this point.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,464
  • Nov 8, 2013 9:23am Nov 8, 2013 9:23am
Quoting Fx-gtg
Imagine a close today @ 1.588x
Don't tease me
Those who say it cannot be done should not interrupt those who are doing it
  • #352,465
  • Nov 8, 2013 9:33am Nov 8, 2013 9:33am
Quoting PipTrapper
{quote} I fully agree. Clearly this is a bottoming pattern, and with Kiwi/Dollar breaking through the H/S neckline, it's almost a sure thing as Kiwi has a lot more room to the downside than the Oz at this point.
I stayed up for the OZ rate decision (sorry it wasn't that it was a statement) and watched it plummet. Although i'd already decided on stops (same as yours more or less) i re-evaluated it last night as i watched it drop towards a support i was looking at. It rejected so i added there. It got hairy throughout today but.... if we stay more or less as is i'll be happy.

Thank you cable btw.... epic.
  • #352,466
  • Nov 8, 2013 9:38am Nov 8, 2013 9:38am
Quoting aBitWonKy
{quote} I stayed up for the OZ rate decision and watched it plummet. Although i'd already decided on stops (same as yours more or less) i re-evaluated it last night as i watched it drop towards a support i was looking at. It rejected so i added there. It got hairy throughout today but.... if we stay more or less as is i'll be happy. Thank you cable btw.... epic.
Actually that should read "Thank You USD". That's epic for sure
Those who say it cannot be done should not interrupt those who are doing it
  • #352,467
  • Nov 8, 2013 9:38am Nov 8, 2013 9:38am
That is GBP chart. 4H time frame. I am counting this up move as an ABC (leading diagonal as wave A) to form wave 2.

The down move (wave 3) hasn't even started. Good luck longs.

Shorts, see you at 1.50 soon!

Full Disclosure: Short 1.5 lots from 1.60830
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Build good relationships with others.
  • #352,468
  • Nov 8, 2013 9:39am Nov 8, 2013 9:39am
Quoting Fx-gtg
Imagine a close today @ 1.588x
There is a speed bump at 1.5940
Those who say it cannot be done should not interrupt those who are doing it
  • #352,469
  • Nov 8, 2013 9:46am Nov 8, 2013 9:46am
good day to you,

I'm on my way to a party.

Deep red..

In the bigger scheme of things - this is just a dip.

Well done on the short term shorts - those paid well.

I wish you all a great week end ahead and please spend time with your loved ones.

All success

Regards
  • #352,470
  • Nov 8, 2013 9:47am Nov 8, 2013 9:47am
Quoting PipTrapper
{quote} Actually that should read "Thank You USD". That's epic for sure
true although the charts told the story and the technicals delivered. NFP pushed it along nicely. it was going there anyway in my view. Happy Friday
  • #352,471
  • Nov 8, 2013 9:47am Nov 8, 2013 9:47am
Expanding leading diagonal to begin wave 1 of 3?
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  • #352,472
  • Nov 8, 2013 9:50am Nov 8, 2013 9:50am
Quoting squawk
{quote} You could have made an argument either way. Technically there a good argument for a range bound market, double tops (1625) and the double bottoms (around 15900 area) on the daily. Could just need to retest before moving back up chasing out the stops. I was bearish based on the longer term monthly points and the daily rebound volume spikes that did not follow through. Then again I look at my charts long enough, draw enough lines on them Im sure I could see pigs flying through the screen if I convinced myself long enough.
good day to you, Sir

Not sure what you are saying..

I really have to get going. Party tonight.

All the best to you
  • #352,473
  • Edited 11:11am Nov 8, 2013 10:54am | Edited 11:11am
Good progress so far & still time to go also. anyway some targets not reached weekly but ok to carry out if want more in this scalping/swing one( multi-week/bigger swing one to set forth) , instead ranging next week it can easily continuation candle as ranging tried in this present week & fail. So nice developments to carry out so far if not reach actually target with more down so abrupt today end.

http://www.forexfactory.com/showthre...65#post7076865

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,474
  • Nov 8, 2013 11:01am Nov 8, 2013 11:01am
Quoting TauTrader
{quote} good day to you, Sir Not sure what you are saying.. I really have to get going. Party tonight. All the best to you
In a round about way not to beat up on yourself because the market went against your logic.

Partył! lucky you.

My fun tonight, looking after the kids and watching man of steel.
  • #352,475
  • Nov 8, 2013 11:39am Nov 8, 2013 11:39am
hello ladys and gentlemns,

wht are our targets for today
  • #352,476
  • Nov 8, 2013 12:52pm Nov 8, 2013 12:52pm
it is long legged dojo or petrifying doji ,I'm not sure if you meant bullish or bearish ,
Single candle =low probability ,but now we see confirmation ,to support imo
we see failure on h4 for up in the shape of a large engulfing tweezer ,should be strong bearish pattern that will stop the bullish looking h1 any further



Quoting JimmyC
Howzit GU! Macro theme's NFP S&P500 corrected watch for a further break below 1730 would cause a significant correction, I'm commenting on this as market highs and euphoria tend to proceed corrections. Even local EM ALSI is euphorically high and showing overbought. Europe's EU rate-cut by 25 basis points was very interesting but for this thread most interesting was cable's rejection of the drag the EU initially placed on it GU Daily Trend technicals are up-sideways in a ranging market. SMA's Price is above the 200 & 50 but just below the 20, there...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,477
  • Nov 8, 2013 2:11pm Nov 8, 2013 2:11pm
the pound refuses to die unbelievable a rate cut good GDP good NFP and this SOB keeps plugging away this is unreal
  • #352,478
  • Nov 8, 2013 2:13pm Nov 8, 2013 2:13pm
Quoting iNSIELD
the pound refuses to die unbelievable a rate cut good GDP good NFP and this SOB keeps plugging away this is unreal
It needs to finish it's technical consolidation cycle. Give it a chance. Market is digesting data over the weekend. Monday will show the way.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,479
  • Nov 8, 2013 2:21pm Nov 8, 2013 2:21pm
Quoting iNSIELD
the pound refuses to die unbelievable a rate cut good GDP good NFP and this SOB keeps plugging away this is unreal

Yes I am getting edgy as well. Its holding up good chunk of margin.I have no choice to wait.
I think decline of Euro will force the pound down based on strong correlation and Euro zone trading aspects.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #352,480
  • Nov 8, 2013 2:25pm Nov 8, 2013 2:25pm
Quoting Davit
{quote} Yes I am getting edgy as well. Its holding up good chunk of margin.I have no choice to wait. Regards
I sold already. Went with your strategy, sorta.

Bought at 5979, bought again at 6080 and sold at 6100 last night before bed. Didn't want to be in still during NFP.
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