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Cable Update (GBPUSD)

  • #356,741
  • Dec 26, 2013 11:47pm Dec 26, 2013 11:47pm
Quoting Ill-b-back
{quote} I think the Spiders trap has sprung... {image}
Wheeee
Ka-Chinggg!!!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 34 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #356,742
  • Dec 26, 2013 11:52pm Dec 26, 2013 11:52pm
GBP is diverging from money flow, and also far above VWAP for no reason, looking for shorts now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BPc1 VWAP.png Size: 34 KB
Click to Enlarge Name: BPc1.png Size: 41 KB
  • #356,743
  • Dec 26, 2013 11:55pm Dec 26, 2013 11:55pm
Quoting PipTrapper
{quote} Wheeee Ka-Chinggg!!! {image}

Hello sir how long it can go up ...where can we take shorts ..appreciated your views thanks
  • #356,744
  • Dec 27, 2013 12:04am Dec 27, 2013 12:04am
Quoting rambo12
{quote} Hello sir how long it can go up ...where can we take shorts ..appreciated your views thanks
I think the move up is done for now, but it can still go up to as high as 1.6550 area before going back down.
Even then, I do not recommend selling. I think buying on dips is better, but for intraday trades, either way works.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,745
  • Dec 27, 2013 12:06am Dec 27, 2013 12:06am
Quoting JeremyWS
GBP is diverging from money flow, and also far above VWAP for no reason, looking for shorts now {image} {image}
Intraday of course, coz this sucker still has more headroom.
I'm thinking it may be good for a 300 pip pullback where it would be a given to load up long again.
I'm not that comfy to counter trend it in thin markets.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,746
  • Dec 27, 2013 12:07am Dec 27, 2013 12:07am
Quoting PipTrapper
{quote} Intraday of course, coz this sucker still has more headroom. I'm thinking it may be good for a 300 pip pullback where it would be a given to load up long again. I'm not that comfy to counter trend it in thin markets.
well im only in a cheeky little short at 82, looking for 50. nothing much.
  • #356,747
  • Dec 27, 2013 12:08am Dec 27, 2013 12:08am
Quoting PipTrapper
{quote} I think the move up is done for now, but it can still go up to as high as 1.6550 area before going back down. Even then, I do not recommend selling. I think buying on dips is better, but for intraday trades, either way works.

Is it possible to drop 1.6380 at least ... I placed some shorts there ...want to close with zero or min loss
  • #356,748
  • Dec 27, 2013 12:15am Dec 27, 2013 12:15am
Greetings from the river. I'm fishing and just thought to pop in to see how things are going.. please leave some pips for me.

All the best
  • #356,749
  • Dec 27, 2013 12:43am Dec 27, 2013 12:43am
Morning i think final push will be 1.6548 then big sell off, i am going short 1.6535 target 1.6212 with stop 1.6709. rsi now over sold on 15 min 1 hr 4 hr and just coming up to the daliy chart 68ish just need to tip it over the edge we might see a 100 plus sell off , thats my thoughts for today.
  • #356,750
  • Dec 27, 2013 12:44am Dec 27, 2013 12:44am
I see weekly channel breakout target as 1.6688.


G-U weekly

Attached Image (click to enlarge)
Click to Enlarge Name: gu weekly.jpg Size: 170 KB
  • #356,751
  • Dec 27, 2013 12:52am Dec 27, 2013 12:52am
GU GMT+3

Waiting for close this candle then maybe close some longs to get back later in a retrace.

Good luck to all!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 43 KB
Anything is math!
  • #356,752
  • Dec 27, 2013 12:54am Dec 27, 2013 12:54am
Quoting PipTrapper
{quote} Wheeee Ka-Chinggg!!! {image}
Well done brother

I know how you feel

Got to go and watch Monsters inc...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 23 KB
Come with me if you want to live....
  • #356,753
  • Dec 27, 2013 12:55am Dec 27, 2013 12:55am
Quoting Baggi
{quote} I've noticed it's not uncommon to get a strong upsurge like this around this time of the night in the USofA. However, when London opens, there is generally quite a bit of selling. I'll be up late tonight, so i'll be interested to see what happens after London open.
I'd love a pullback tonight to buy some more
Come with me if you want to live....
  • #356,754
  • Dec 27, 2013 1:08am Dec 27, 2013 1:08am
Quoting P.Action
I see weekly channel breakout target as 1.6688. G-U weekly {image}
i was just having a look at that when you posted, might have a rethink it has not gone back into the small trend line on the 15 min yet so it might just be having a rest
  • #356,755
  • Dec 27, 2013 1:15am Dec 27, 2013 1:15am
Quoting Ill-b-back
{quote} I'd love a pullback tonight to buy some more
There's always a pullback.
  • #356,756
  • Dec 27, 2013 1:16am Dec 27, 2013 1:16am
the i hour just closed with longish wick on top might wait for the next candle , but i have a sell order 1.6471 just in case of a drop
  • #356,757
  • Dec 27, 2013 1:29am Dec 27, 2013 1:29am
The pull back took us to the December 18th high. Wonder if we'll push down through that.
  • #356,758
  • Dec 27, 2013 2:06am Dec 27, 2013 2:06am
Quoting Ill-b-back
{quote} I'd love a pullback tonight to buy some more

nice trade bro!!..u really did well considering buying heavier and holding it through
  • #356,759
  • Dec 27, 2013 2:13am Dec 27, 2013 2:13am
this is madness..the yearly candle has become a f^^&cking bull
how the hell can USD claims improve and the sum b^tch USD get weak?

  • #356,760
  • Dec 27, 2013 2:14am Dec 27, 2013 2:14am
Quoting Baggi
The pull back took us to the December 18th high. Wonder if we'll push down through that.
its unbelievable isnt it
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