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Cable Update (GBPUSD)

  • #353,561
  • Nov 19, 2013 5:43am Nov 19, 2013 5:43am
Quoting GlobalMacro
{quote} Squaring the position and taking profit on the shorts here @ 1.6069 .

Excellent trader thou art!
  • #353,562
  • Nov 19, 2013 5:47am Nov 19, 2013 5:47am
Quoting Bones
bears defiantly have the hump haha {quote}
they are piŁ$ed
Attached Image
  • #353,563
  • Edited 6:52am Nov 19, 2013 5:53am | Edited 6:52am
We are here to stay....
The Market pays you to be disciplined
  • #353,564
  • Nov 19, 2013 5:53am Nov 19, 2013 5:53am
Quoting GlobalMacro
{quote} Squaring the position and taking profit on the shorts here @ 1.6069 .

G u looking at any long term trades?
  • #353,565
  • Nov 19, 2013 5:54am Nov 19, 2013 5:54am
Quoting JimmyC
GU1H {image}
Broke South...

GU 1H

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1H.png Size: 23 KB


Seems it'll get there eventually
  • #353,566
  • Nov 19, 2013 6:05am Nov 19, 2013 6:05am
that rising tl its not going to hold



Quoting Bones
now {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDnh1use Spot.png no 3.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #353,567
  • Nov 19, 2013 6:05am Nov 19, 2013 6:05am
Quoting nAVIN2007
{quote} G u looking at any long term trades?
no , not really...fx market's too sleepy for my taste for that kind of a thing right now
Hear the music before the song is over ...
  • #353,568
  • Nov 19, 2013 6:09am Nov 19, 2013 6:09am
Quoting nAVIN2007
{quote} G u looking at any long term trades?

Hey man...

on cable there are plenty of pips to make... considering that we are not going anywhere....

https://www.tradingview.com/x/gZ44Cix4/
I don't want a job, i want money!
  • #353,569
  • Nov 19, 2013 6:13am Nov 19, 2013 6:13am
Quoting Bones
that rising tl its not going to hold {quote} {image}
Nice charts as always, Tony.
I'm with you on this one as well, but will book what's on if she starts hanging over...
Hear the music before the song is over ...
  • #353,570
  • Nov 19, 2013 6:26am Nov 19, 2013 6:26am
Quoting GlobalMacro
{quote} Nice charts as always, Tony. I'm with you on this one as well, but will book what's on if she starts hanging over...
My GU H1 view

Retest of monthly PP and shapeing bullish flag... invalidation close under MPP...

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1.png Size: 48 KB
Anything is math!
  • #353,571
  • Nov 19, 2013 6:53am Nov 19, 2013 6:53am
Quoting dario1002
{quote} Hey man... on cable there are plenty of pips to make... considering that we are not going anywhere.... https://www.tradingview.com/x/gZ44Cix4/
thats true bro..
  • #353,572
  • Nov 19, 2013 7:40am Nov 19, 2013 7:40am
Quoting mima
{quote} Why don't you buy Dollar index so that strengthen too? That would really benefit me ...
I hope your account is still allowing you enjoy the joke?
  • #353,573
  • Nov 19, 2013 7:41am Nov 19, 2013 7:41am
Good day,

Still possibly attempting to cover higher @ 1.6151. She cannot ignore the open markers lower down. Has to happen - at some stage.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 84 KB
  • #353,574
  • Nov 19, 2013 7:48am Nov 19, 2013 7:48am
Hello all on thread again

That's a strong bounce up ...the 4hr 200 sma at the low as well as that former imbalance of demand over supply shown on 1hr chart...1hr chart is shwn below...will the daily close bullishly I wonder ? Bears here on this thread and elsewhere pretty convinced they are right. 79% of lots on the trade explorer agree with them...this is a good or bad sign for any one holding short lol !

Best Wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 106 KB
it's all gone a bit........
  • #353,575
  • Nov 19, 2013 7:52am Nov 19, 2013 7:52am
hello traders,

below chart is my view on GU, if you notice, PA is moving from one level to another perfectly!

so i have two scenarios now:

1. a test of the upper level (circled in blue), if PA fails to break through and close above i will sell there

2. break through and close below the yellow circled level, in this case i will sell @ market

i will keep watching those level carefully today, though i expect a break through and close below those levels today.

P.S. this is 15 mins time frame.

Good Luck all
Attached Image (click to enlarge)
Click to Enlarge Name: GU selll.gif Size: 20 KB
  • #353,576
  • Nov 19, 2013 7:59am Nov 19, 2013 7:59am
Quoting GlobalMacro
{quote} no , not really...fx market's too sleepy for my taste for that kind of a thing right now
i know what u mean bro..the market doesnt seem to have the conviction it had when i first started trading..somehow things seem harder
  • #353,577
  • Nov 19, 2013 8:06am Nov 19, 2013 8:06am
I think if I were a long term bear last week's weekly candle, September's monthly candle and the strong bounce from the area I have highlighted in my post above might worry me in differing measures. I no0te some of the nearer-term bearish positions taken by traders here last week have already been stopped out (unless they moved their stops back.)

With Eurusd it's a case of a rising trend line on the 4hr/1hr versus a double top on those t/f's - this at the former ascending trend line on daily...daily is shown below

Best Wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily.jpg Size: 116 KB
it's all gone a bit........
  • #353,578
  • Nov 19, 2013 8:16am Nov 19, 2013 8:16am
Quoting Johunny Depp
What is the direction of the cable to the upside or downside
Yes
  • #353,579
  • Nov 19, 2013 8:26am Nov 19, 2013 8:26am
Quoting Johunny Depp
What is the direction of the cable to the upside or downside
hey there,

try to come up with your own analysis, share it here with us and accordingly you will get comments on it, no one EVER can tell you the direction of any pair in forex, otherwise why arent they billioners yet ?
  • #353,580
  • Nov 19, 2013 8:29am Nov 19, 2013 8:29am
Quoting TauTrader
{quote} Yes
I still think that the best strategy for Cable is:
After synchronising your computer clock at the London Open (remember daylight saving time)
Sell at tomorrows high
Buy at tomorrows low
Target 30 pips for TP and a ten pip SL
Then just repeat till you have enough money

G/L
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