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Cable Update (GBPUSD)

  • #354,921
  • Nov 29, 2013 2:32am Nov 29, 2013 2:32am
Carefull now longs.... was aiming for 1.65 but key level of 1.6375 got rejected hard there. would wait for a break of 1.6375 before longing again now
Loser trying to become a winner!
  • #354,922
  • Nov 29, 2013 2:41am Nov 29, 2013 2:41am
bulls need a hard rejection of 1.6300 now or getting above 1.6338
Loser trying to become a winner!
  • #354,923
  • Nov 29, 2013 2:45am Nov 29, 2013 2:45am
Good shorting opportunity may be in GBP/NZD. Already dropped 150 pips today.

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Never test the depth of water with both feet.
  • #354,924
  • Nov 29, 2013 2:51am Nov 29, 2013 2:51am
Quoting acidguy
many institutional traders said short big at eur/usd at 1.3620 area, which would put pressure to g/u down, will they get it right this time? ...
I was thinking Euro would go down also affter breaking below the immediate ascending weekly TL.

But we bounced up off the 50fib to the pip and looking at the bigger picture including the weekly 200ema and monthly perspective (including current monthly candle - admittedly not yet closed), it could very well be a bear trap.

When the big guys make comments like "short BIG here", I usually tell them to FK off.....
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #354,925
  • Nov 29, 2013 2:56am Nov 29, 2013 2:56am
Quoting Ill-b-back
{quote} I was thinking Euro would go down also affter breaking below the immediate ascending weekly TL. But we bounced up off the 50fib to the pip and looking at the bigger picture including the weekly 200ema and monthly perspective (including current monthly candle - admittedly not yet closed), it could very well be a bear trap. When the big guys make comments like "short BIG here", I usually tell them to FK off..... {image} {image}
"Slightly" clearer

Looks bullish to me all things considered
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #354,926
  • Nov 29, 2013 3:08am Nov 29, 2013 3:08am
Good to see a lot of people caught the recent bull swing on this pair. Yet I look at the positions/live accounts app and see majority is short this pair. The trend is just getting crisp mates! Dont bend her over until she is ready! Why do you got to fight that shit. I hope you know one day when you manage big figures you will never want to do this.
All posts are my personal opinion
  • #354,927
  • Nov 29, 2013 3:16am Nov 29, 2013 3:16am
Quoting Rtm
Good to see a lot of people caught the recent bull swing on this pair. Yet I look at the positions/live accounts app and see majority is short this pair. The trend is just getting crisp mates! Dont bend her over until she is ready! Why do you got to fight that shit. I hope you know one day when you manage big figures you will never want to do this.
You see GU testing today's high again?
Best time to plant a tree was 20 years ago, second best is now
  • #354,928
  • Nov 29, 2013 3:20am Nov 29, 2013 3:20am
Looks to me like 6425 next main target
Come with me if you want to live....
  • #354,929
  • Nov 29, 2013 3:20am Nov 29, 2013 3:20am
A part of me thinks that they target my stops. It's uncanny how sometimes they've come right up to my stops, taken it out, then reversed.

But today it got about 3 pips from my stop and then reversed. Now I'm back at even money. Sure, we might head right back down again while I sleep and my stop goes goodbye. But it was nice to see, for once, that they didn't go straight to my stop and then turn around.

Maybe I need to drop that particular conspiracy theory.

  • #354,930
  • Nov 29, 2013 3:23am Nov 29, 2013 3:23am
Quoting horuxito
{quote} You see GU testing today's high again?

The bulls are still strong, so I would caution a short yet is all im saying! Intra day might get quick pullbacks and or signals, but with a move we have had coming from daily trend I dont see enough confirmation or odds in our favour to short yet. Wait for 4 hour tf min for a short signal. Anything other than that is incredibly high risk unless you are short term. That said though weekend is soon so you are then going to be stressing over holding weekend short trade. Just doesnt make sense. Congrats if you called the top and went short at asia, that was a well play. Hope you took your pips and ran
All posts are my personal opinion
  • #354,931
  • Nov 29, 2013 3:27am Nov 29, 2013 3:27am
Quoting Rtm
{quote} The bulls are still strong, so I would caution a short yet is all im saying! Intra day might get quick pullbacks and or signals, but with a move we have had coming from daily trend I dont see enough confirmation or odds in our favour to short yet. Wait for 4 hour tf min for a short signal. Anything other than that is incredibly high risk unless you are short term. That said though weekend is soon so you are then going to be stressing over holding weekend short trade. Just doesnt make sense. Congrats if you called the top and went short at...


Even better if you took both moves
Best time to plant a tree was 20 years ago, second best is now
  • #354,932
  • Nov 29, 2013 3:31am Nov 29, 2013 3:31am
Hello thread readers.

Trade explorer lots short drops to 71% ! Some of the Uber bears here has gone quiet: Davit popped up a couple of days ago to say he has closed his shorts and taken the loss, then fell out with some one threatening never to return, Navin - don't know - he was talking about 6400 as the line in the sand some time ago - but don't know...Bones got stopped out as far as last pic with positions he posted...and there are others who were vocal re shorts some still holding/added to their short holdings, and the 'bearish scenario' for this pairing. They may be right - but were right at the wrong time - which is the same thing in trading, or they may have just been wrong, time will tell. When you look at the daily and weekly chart and the strong bounce up from 4811 things were clear technically and increasingly fundamentally a long way back re a developing bullish scenario fro this pairing...but we all see things differently.

Black Friday in U.s today - part of the traditional long thanksgiving holiday w/e...retailers discounting to start the run in to Xmas there....so again volumes and liquidity may suffer re trading generally today in this instrument and others across this and other asset classes.

Dip getting bought so far? but will see how strong and moves are today in light of potential low volume / liquidity

Best Wishes.
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it's all gone a bit........
  • #354,933
  • Nov 29, 2013 3:39am Nov 29, 2013 3:39am
Quoting Baggi
A part of me thinks that they target my stops. It's uncanny how sometimes they've come right up to my stops, taken it out, then reversed. But today it got about 3 pips from my stop and then reversed. Now I'm back at even money. Sure, we might head right back down again while I sleep and my stop goes goodbye. But it was nice to see, for once, that they didn't go straight to my stop and then turn around. Maybe I need to drop that particular conspiracy theory.

Perhaps you should not put your stops where everyone else puts them
Those who say it cannot be done should not interrupt those who are doing it
  • #354,934
  • Nov 29, 2013 3:41am Nov 29, 2013 3:41am
Can't decide. Will wear my bull suit at 1.6295/1.63.
Best time to plant a tree was 20 years ago, second best is now
  • #354,935
  • Nov 29, 2013 3:47am Nov 29, 2013 3:47am
Quoting PipTrapper
{quote} Perhaps you should not put your stops where everyone else puts them
Perhaps he shouldn't sleep.
  • #354,936
  • Nov 29, 2013 3:51am Nov 29, 2013 3:51am
Quoting PipTrapper
{quote} Perhaps you should not put your stops where everyone else puts them

Exactly! Nice PT
All posts are my personal opinion
  • #354,937
  • Nov 29, 2013 3:56am Nov 29, 2013 3:56am
Quoting claudia1
{quote} Perhaps he shouldn't sleep.
That's another option

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Those who say it cannot be done should not interrupt those who are doing it
  • #354,938
  • Nov 29, 2013 4:04am Nov 29, 2013 4:04am
Still no short from here here - I need 3 Confirmation for jump - Just sit and waiting
  • #354,939
  • Nov 29, 2013 4:09am Nov 29, 2013 4:09am
i'm long 6324
tp 6400
  • #354,940
  • Nov 29, 2013 4:11am Nov 29, 2013 4:11am
Quoting DailyChart
Still no short from here here - I need 3 Confirmation for jump - Just sit and waiting
1.6320/30 is still strong support., but it's looking very mixed to me the way the H1 candles are closing.
Those who say it cannot be done should not interrupt those who are doing it
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