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Cable Update (GBPUSD)

  • #357,421
  • Jan 6, 2014 5:55am Jan 6, 2014 5:55am
Quoting cardfight86
man today is not a good day. so far loosing to bulls T.T


Just wait... NY Coming in 35min... They'll smash us down and back up again... Or just keep going up? Either way, I wouldn't be short here
@pawpaw1000 on Twitter
  • #357,422
  • Jan 6, 2014 5:57am Jan 6, 2014 5:57am
Quoting Mr.C
Hey traders. GBP/USD: short order activated @ 1,6384. SL @ 1,6425. 0,7% risk. Wish all a successful day and week!

i would like to see rejection @1.641x to short imo
  • #357,423
  • Jan 6, 2014 5:59am Jan 6, 2014 5:59am
Quoting namitak007
{quote} i would like to see rejection @1.641x to short imo
If we get to 6410, we'll probably keep going up with only small pullbacks
@pawpaw1000 on Twitter
  • #357,424
  • Jan 6, 2014 6:01am Jan 6, 2014 6:01am
just a possibility
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 31 KB
  • #357,425
  • Jan 6, 2014 6:02am Jan 6, 2014 6:02am
Swissey made a new daily high - good sign. Also cable has some s/r starting @ 1.6394. Patience.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #357,426
  • Jan 6, 2014 6:05am Jan 6, 2014 6:05am
Quoting pawpaw1000
{quote} If we get to 6410, we'll probably keep going up with only small pullbacks

exactly! That's why I am still not on it! let's see what happens after london close
  • #357,427
  • Jan 6, 2014 6:18am Jan 6, 2014 6:18am
Quoting namitak007
{quote} i would like to see rejection @1.641x to short imo

I would like to see it too. From what I see at the given moment I'll most likely have to test the zone with an active order having stops above the mentioned level. What I wouldn't like to see is a new daily high. Cable looks like making its mind now while seeing some s/r levels. Less than 45 minutes till the ISM Non-Manufacturing PMI for USD so we'll probably see some moves here on GU too.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #357,428
  • Jan 6, 2014 6:33am Jan 6, 2014 6:33am
yeah it is going up up up T.T
  • #357,429
  • Jan 6, 2014 6:37am Jan 6, 2014 6:37am
Quoting cardfight86
yeah it is going up up up T.T

Watch out... If we stall here, we could go back down to 6372

But as I've said since yesterday, I'm bullish...
@pawpaw1000 on Twitter
  • #357,430
  • Jan 6, 2014 6:43am Jan 6, 2014 6:43am
middle of nowhere
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 27 KB
  • #357,431
  • Jan 6, 2014 6:51am Jan 6, 2014 6:51am
Quoting wannabtrader
middle of nowhere {image}


I'd be looking for US DATA to give us another opportunity to get long ;-)
@pawpaw1000 on Twitter
  • #357,432
  • Jan 6, 2014 7:12am Jan 6, 2014 7:12am
Quoting Mr.C
Hey traders. GBP/USD: short order activated @ 1,6384. SL @ 1,6425. 0,7% risk. Wish all a successful day and week!

Was wrong today. SL hit with a 0,7% loss. No more orders. Calling it a day. Good luck to those who are still hunting pips.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #357,433
  • Jan 6, 2014 7:18am Jan 6, 2014 7:18am
Quoting Mr.C
{quote} Was wrong today. SL hit with a 0,7% loss. No more orders. Calling it a day. Good luck to those who are still hunting pips.

oh!
Well I am short @1.643 with tp 1.635 sl 1.645
  • #357,434
  • Jan 6, 2014 7:20am Jan 6, 2014 7:20am
Quoting namitak007
{quote} oh! Well I am short @1.643 with tp 1.635 sl 1.645


Told you mate ;-)
@pawpaw1000 on Twitter
  • #357,435
  • Jan 6, 2014 7:23am Jan 6, 2014 7:23am
Quoting pawpaw1000
{quote} I'd be looking for US DATA to give us another opportunity to get long ;-)

US data has generally been positive past few weeks.
  • #357,436
  • Jan 6, 2014 7:40am Jan 6, 2014 7:40am
Now boys and girls, we will see what she really wants to do. tomorrow will tell us whether we have seen the top on gbpusd or not.

I have to say that I am still biased North but will let the PA decide ;-)
@pawpaw1000 on Twitter
  • #357,437
  • Jan 6, 2014 7:45am Jan 6, 2014 7:45am
Will have to concede , if the Bulls can get pass those supply levels (1hr/4hr)..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
  • #357,438
  • Jan 6, 2014 7:51am Jan 6, 2014 7:51am
Trying a short at 1.6417 Tp open stop loss 1,6435
  • #357,439
  • Jan 6, 2014 7:54am Jan 6, 2014 7:54am
Quoting smtchris71
Trying a short at 1.6417 Tp open stop loss 1,6435

You got in too late... I'd wait for second test of 6427

TAOMQL, please remember that everyone has a different H4... That said, we get above 6440's and things look pretty dire for the bears.
@pawpaw1000 on Twitter
  • #357,440
  • Jan 6, 2014 8:08am Jan 6, 2014 8:08am
Hmmmm,

I'm long from 6385 or so before the news.
will watch this one.
Come with me if you want to live....
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