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Cable Update (GBPUSD)

  • #357,361
  • Jan 4, 2014 1:08am Jan 4, 2014 1:08am
Quoting chonchy
{quote} Happy New Year sir....... {image}
You too Chonchy,
Here's one just for you

http://p.twimg.com/Au7lHO6CAAEeNt9.jpg:large
Come with me if you want to live....
  • #357,362
  • Jan 4, 2014 3:18am Jan 4, 2014 3:18am
DXY 1H

Ultra bullish dollar has gapped away into a bull flag. Although -ve divergence has set in, this should not be misinterpreted as a sign to short DXY, pullback should be seen as opportunity to join the bull trend.

JPY is reacting to this quiet nicely as is Euro
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  • #357,363
  • Jan 4, 2014 3:42am Jan 4, 2014 3:42am
few times the price leaves a phase
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  • #357,364
  • Jan 4, 2014 4:20pm Jan 4, 2014 4:20pm
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YOUR MOTHERS ASS
  • #357,365
  • Edited 5:29pm Jan 4, 2014 4:28pm | Edited 5:29pm
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I just evaluated daily chart and it seems cable is facing a retracement, will short it next week with SL above last high, its a perfect opportunity IMO
  • #357,366
  • Edited 7:09pm Jan 4, 2014 6:47pm | Edited 7:09pm
Here where Fridays trades for me

Simple, yet effective!


I try and do this to my chart everyday after trading, my journal.
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insideBars==boss
  • #357,367
  • Jan 4, 2014 7:00pm Jan 4, 2014 7:00pm
all the best for the New Year
Inserted Video
  • #357,368
  • Jan 4, 2014 8:11pm Jan 4, 2014 8:11pm
Quoting adamjn
Here where Fridays trades for me Simple, yet effective! I try and do this to my chart everyday after trading, my journal. {image}

Adam, I don't trade on the 5 minute, but everything you posted made perfect sense to me and is about how I trade most times, when I'm scalping.
  • #357,369
  • Jan 5, 2014 11:32am Jan 5, 2014 11:32am
Howzit GU!

Note the potential TL on daily...

Have a good week!
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  • #357,370
  • Edited 11:52am Jan 5, 2014 11:40am | Edited 11:52am
Hoping to see a Bull Gap when the market open on Monday. Maybe yes and maybe no.....
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You are a Fun-Loving Trader (I do better when i have fun)
  • #357,371
  • Jan 5, 2014 11:52am Jan 5, 2014 11:52am
Quoting JimmyC
Howzit GU! Note the potential TL on daily... Have a good week! {image}
GU 1H

Note harami
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  • #357,372
  • Jan 5, 2014 11:56am Jan 5, 2014 11:56am
Quoting JimmyC
Howzit GU! Note the potential TL on daily... Have a good week! {image}
a very bullish move but looking very exhausted, still looking for 1.6480 in some hours to go short big tp 1.6250 area.
this situation makes me thing what Warren Buffet says, buy or sell at whathever price it is.

applyin harmonics, we just completed "D" at 1.6600 and broke below "B"...

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  • #357,373
  • Jan 5, 2014 12:51pm Jan 5, 2014 12:51pm
GU is expected to fall as a rock this week, will monitor it closely, expecting at least 200 pips down, gl trading
  • #357,374
  • Jan 5, 2014 12:59pm Jan 5, 2014 12:59pm
2013 is a good year for GBPUSD. A new BOE governor, Mark Carney, help to steer the ship in the right direction. The economy turn from doldrums to recovery mode. Most major UK economic indicators, including the PMIs, are on the way up. The growing UK economy has much more legs to run, as boom economies run for several years. 2013 was the first year, so likely barring something catastrophic, we shall see another 2-3 years of economic strength until 2015-16.

I think GBPUSD is ready to challenge 1.7000 in 2014. My plan is to buy big dips, on 1 condition. I need GBPUSD to stay within the rising channel. As long as it stays in the channel, the uptrend to test 1.7000 is highly possible.

LONG GBPUSD 1.6320-30 (38.2% FIB)
SL below 1.6200
TP1 1.6600
TP2 1.7000

LONG GBPUSD 1.6230-40 (if 38.2% fails to hold, long again at 50 FIB)
SL below 1.6200
TP1 1.6600
TP2 1.7000

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  • #357,375
  • Jan 5, 2014 1:45pm Jan 5, 2014 1:45pm
Try pulling up a Fib Retracement on the daily from 6217 to 6600 and tell me what you see?

TL on Daily also below us

Friday follow through was weak

6400 isn't just big level but also support from previous touches...

Bears will have to be pretty strong to break lower... I see us going up first to test the top or try anyways
@pawpaw1000 on Twitter
  • #357,376
  • Jan 5, 2014 2:07pm Jan 5, 2014 2:07pm
Closed my final shorts in profit. Going to see how it all goes when London opens tomorrow morning for a few hours and see where we're heading. Strange feeling it may be up now we've hit the trend line for the higher lows on the daily chart.
  • #357,377
  • Jan 5, 2014 2:32pm Jan 5, 2014 2:32pm
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  • #357,378
  • Jan 5, 2014 2:48pm Jan 5, 2014 2:48pm
Quoting pawpaw1000
Try pulling up a Fib Retracement on the daily from 6217 to 6600 and tell me what you see? TL on Daily also below us Friday follow through was weak 6400 isn't just big level but also support from previous touches... Bears will have to be pretty strong to break lower... I see us going up first to test the top or try anyways

weekly support is at 6340.I anticipate of it getting touched.
Guppy is showing compression on H4 and price broke through it.On daily slow moving averages still support uptrend,good clear separation.In terms of trend is still up however every trend has potential to reverse and that starts on small TF then gets bigger..
I have 7 shorts on GU all in profit but not closing yet.
lower yellow box is confluence of 200 and 89 moving averages which correspond with weekly support.So to me its important number.
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In trading, you have to be defensive and aggressive at the same time
  • #357,379
  • Jan 5, 2014 2:53pm Jan 5, 2014 2:53pm
Quoting Davit
{quote} weekly support is at 6340.I anticipate of it getting touched. Guppy is showing compression on H4 and price broke through it.On daily slow moving averages still support uptrend,good clear separation.In terms of trend is still up however every trend has potential to reverse and that starts on small TF then gets bigger.. I have 7 shorts on GU all in profit but not closing yet. lower yellow box is confluence of 200 and 89 moving averages which correspond with weekly support.So to me its important number. {image}
Davit opinion on EUR/GBP I see green What do u see?
  • #357,380
  • Jan 5, 2014 3:01pm Jan 5, 2014 3:01pm
Quoting iNSIELD
{quote} Davit opinion on EUR/GBP I see green What do u see?

To me both Traders and investors are shorting this pair.
On my BB system there is more room on down side.Price did not pierce 2nd and 3rd BB deviations
On my Guppy chart shows clear bias on downside.
So to me its a Wait for better numbers for long.Guppy is great showing good time to enter.When you see a compression of fast and slow moving averages then you know its a signal for breakout.Right now MA's are nicely spread showing everyone is in agreement for further down moves.
I'll wait to see a compression 1st
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In trading, you have to be defensive and aggressive at the same time
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