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Cable Update (GBPUSD)

  • #356,061
  • Dec 13, 2013 2:14am Dec 13, 2013 2:14am
Break of 1.3614-6 will take us to the NFP swing low - 1.6283 and if we that does not hold, 1.6256
  • #356,062
  • Dec 13, 2013 2:22am Dec 13, 2013 2:22am
I dont know what you guys see but this looks like a breakout !!!
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  • #356,063
  • Dec 13, 2013 2:40am Dec 13, 2013 2:40am
Quoting IveGotQuads
I dont know what you guys see but this looks like a breakout !!! {image}
yes hope so i have been short all week even when it got hairy, in profit and will move to 1.6309 then 1.6270, if it breaks there look to 1.61 ish ,that is only my opinion dont follow and remember the disclaimer lol
  • #356,064
  • Dec 13, 2013 2:44am Dec 13, 2013 2:44am
Looks like that was a nice fakey the big boys did there to grab all the aggressive short sellers out side the tokyo range and trigger their buy stop orders. Thats why you need that pull back confirmation. yeeshh.
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  • #356,065
  • Dec 13, 2013 4:14am Dec 13, 2013 4:14am
GU 1H

Bear flag

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EU 1H

Bear flag

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funny that
  • #356,066
  • Dec 13, 2013 4:30am Dec 13, 2013 4:30am
eu 1h

h&s

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  • #356,067
  • Dec 13, 2013 4:32am Dec 13, 2013 4:32am
Its a gigger correction. I open another long at 6310 TP 6400. Still waiting for 6280 to open one more longs
  • #356,068
  • Dec 13, 2013 4:41am Dec 13, 2013 4:41am
I dont see any long here , look at that massive breakout. Hope you guys got in
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  • #356,069
  • Dec 13, 2013 4:49am Dec 13, 2013 4:49am
Quoting IveGotQuads
I dont see any long here , look at that massive breakout. Hope you guys got in {image}

this is wonderful thing about trading..when it goes up..people look for an opportunity to sell and when it goes down people look to buy then we have the scalpers..who is right nobody know till it goes where it needs too

they are no rules really but they are needed to protect ourselves
may the pips be with us all..god knows we need them
  • #356,070
  • Dec 13, 2013 4:50am Dec 13, 2013 4:50am
As always when i am shorting it goes up. I was shorting 6400 it went up fakfakfakfakfakfkafk
Todays is friday 13th one more fak
  • #356,071
  • Dec 13, 2013 4:51am Dec 13, 2013 4:51am
There has to be a rule. There is no way that it will go down and down or up and up.
  • #356,072
  • Dec 13, 2013 4:52am Dec 13, 2013 4:52am
This does not look like it has the same efficient move down as yesterday. Intra-day I would be careful of a possible pullback to the around the 6250 area.
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  • #356,073
  • Dec 13, 2013 4:53am Dec 13, 2013 4:53am
But 6300 was strong support level. i dont get why its dropped. left few longs with SL 6260, 6230
  • #356,074
  • Dec 13, 2013 4:57am Dec 13, 2013 4:57am
Quoting nAVIN2007
{quote} this is wonderful thing about trading..when it goes up..people look for an opportunity to sell and when it goes down people look to buy then we have the scalpers..who is right nobody know till it goes where it needs too they are no rules really but they are needed to protect ourselves may the pips be with us all..god knows we need them
Apologies, didnt mean any offense. Trading is tough as it is and nobody knows what will happen in the future really. Its crazy how you have the same number of buyers and sellers and by all accounts they are all right. It doesnt really matter as long as we bank some profits. May the pips be with us all
  • #356,075
  • Dec 13, 2013 5:01am Dec 13, 2013 5:01am
Seeing 6210 today or what ?? I believe there is a big chance what do you guys think?
  • #356,076
  • Dec 13, 2013 5:17am Dec 13, 2013 5:17am
Quoting Trader88q
But 6300 was strong support level. i dont get why its dropped. left few longs with SL 6260, 6230
Hmm this is my weekly chart and i saved the main zones. I personally think 1.6250 is the minor zone and 1.6150 is actually the Main support zone. But then again Charts are open to different interpretations and i am not a professional analyst. so i can just suggest you do your own personal analysis. Also you know never know it might go back above 1.6300. I moved stop loss above it just because its a round number and very psychological.
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  • #356,077
  • Dec 13, 2013 5:26am Dec 13, 2013 5:26am
Now I expect rollback up. initial objective 1.6360. what do you say?
  • #356,078
  • Dec 13, 2013 5:28am Dec 13, 2013 5:28am
bollingers dwon to 5 pips. waiting for the range breakout.
fortis fortuna adiuvat
  • #356,079
  • Dec 13, 2013 5:30am Dec 13, 2013 5:30am
Quoting IveGotQuads
{quote} Apologies, didnt mean any offense. Trading is tough as it is and nobody knows what will happen in the future really. Its crazy how you have the same number of buyers and sellers and by all accounts they are all right. It doesnt really matter as long as we bank some profits. May the pips be with us all
very true..the very term success is relative to an individual..main thing is account growth and risk is less than profit otherwise the system u use isnt effective long term..many pips to u ..
  • #356,080
  • Dec 13, 2013 5:30am Dec 13, 2013 5:30am
please tell me why different brokers for the same timeframe, the same indicator shows different goals?
Why
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