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Cable Update (GBPUSD)

  • #357,781
  • Jan 9, 2014 12:45am Jan 9, 2014 12:45am
Quoting Davit
8 shorts on GU all above 64 Will add more shorts if it goes higher again. Short traders have same probability as long traders so predicting future outcome is pointless.
What happened to all the shorts you had weeks and months ago?
  • #357,782
  • Jan 9, 2014 12:51am Jan 9, 2014 12:51am
Quoting PoundTrader
{quote} i agree it do look like eur/usd is trying to reverse to the down side
I agree it does, but whenever that beast falls it just keeps clawing back unsuspectingly.
I don't trade the Euro, but if we close above 3625 today, that would be bullish for me.
Come with me if you want to live....
  • #357,783
  • Jan 9, 2014 12:56am Jan 9, 2014 12:56am
Trend is always stronger than wishes!
Anything is math!
  • #357,784
  • Jan 9, 2014 1:05am Jan 9, 2014 1:05am
Break out from M15 bullish flag suggest me trend will continue after a small retest.
Buy stops above WPP.

Good luck!
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Anything is math!
  • #357,785
  • Jan 9, 2014 1:16am Jan 9, 2014 1:16am
Ok, so I have been very bullish on Cable last couple of days and it reached my target of 6460...

Wanted to share some info which can help alot across the board...

Look at my H1, those blue boxes, measure between them and you will see they are both almost exactly 126pips.
Those drops are from LO on monday and the 2nd leg down doesn't matter from when

Now we have come back to the start of leg 1 and should normally drop 25% of the move up and we did, dropped 33 pips of 90 (30%)

What happens now is either we break this point and go test the top. This point is 50% retrace btw from the top, or we drop straight down through daily TL.

I'll be scalping around until we get a answer. Just think it was too easy to say we going back up and now it is OBVIOUS? that we are bullish?

EDIT: You must take the open and closes on H1 and the drop was almost exactly 25% as it was 120 pips up move
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@pawpaw1000 on Twitter
  • #357,786
  • Edited 2:51am Jan 9, 2014 1:17am | Edited 2:51am
Some changes on lower TFs in early FF/LDN session....higher TFs more or less unchanged...
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Hear the music before the song is over ...
  • #357,787
  • Jan 9, 2014 1:21am Jan 9, 2014 1:21am
Trend looks decently bullish to me. Pretty sure there are a lot of stop orders above 6370 that could be in danger gl shorts
  • #357,788
  • Jan 9, 2014 1:23am Jan 9, 2014 1:23am
Good morning.

Let's see. I don't have stops because I never use one.
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  • #357,789
  • Jan 9, 2014 1:24am Jan 9, 2014 1:24am
Quoting pawpaw1000
Ok, so I have been very bullish on Cable last couple of days and it reached my target of 6460... Wanted to share some info which can help alot across the board... Look at my H1, those blue boxes, measure between them and you will see they are both almost exactly 126pips. Those drops are from LO on monday and the 2nd leg down doesn't matter from when Now we have come back to the start of leg 1 and should normally drop 25% of the move up and we did, dropped 33 pips of 90 (30%) What happens now is either we break this point and go test the top. This...
The only thing is obvious for anybody what signals to trade... And this is everybody' own choose.
Anything is math!
  • #357,790
  • Jan 9, 2014 1:33am Jan 9, 2014 1:33am
I do expect sellers above 6473 up to 6515.
Close above 65 will change my view to longs toward 6617.

Let's see.
  • #357,791
  • Jan 9, 2014 1:55am Jan 9, 2014 1:55am
Quoting Baggi
{quote} You weren't accurate with your London desk selling heavy on Monday. Sure, it opened going down hard, but then it came all the way back up and was flat for the day.
The point is, people who sold at that level made around 200 pips profit. That's what matters!
  • #357,792
  • Jan 9, 2014 2:00am Jan 9, 2014 2:00am
Quoting veer2010
Okay guys, time to kill the pound again.. Source revealed, aggressive selling of cable in few hours time.
What level from?
Hear the music before the song is over ...
  • #357,793
  • Jan 9, 2014 2:02am Jan 9, 2014 2:02am
Quoting GlobalMacro
{quote} What level from?
No idea, but if they are aggressive selling right now they aren't doing a very good job of it.
  • #357,794
  • Jan 9, 2014 2:03am Jan 9, 2014 2:03am
Quoting Baggi
{quote} No idea, but if they are aggressive selling right now they aren't doing a very good job of it.

Selling happens on up bars not down bars.
  • #357,795
  • Jan 9, 2014 2:03am Jan 9, 2014 2:03am
GU H4 GMT+3

If price could close above ~6464, in a little retrace i will add one more long.
Invalidation if it close under ~6382.

Good luck!
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Anything is math!
  • #357,796
  • Jan 9, 2014 2:04am Jan 9, 2014 2:04am
Quoting GlobalMacro
{quote} What level from?
He didn't mentioned anything on the levels. But, told me it will take place in few hours. i will try to ask him for more if I get lucky..
  • #357,797
  • Jan 9, 2014 2:09am Jan 9, 2014 2:09am
Quoting veer2010
{quote} He didn't mentioned anything on the levels. But, told me it will take place in few hours. i will try to ask him for more if I get lucky..
So who is this guy you are buddy buddy with?
  • #357,798
  • Jan 9, 2014 2:19am Jan 9, 2014 2:19am
cable at an interesting point here - JAN2/6 swing mid - rejected yesterday - standing back to see what happens now
  • #357,799
  • Jan 9, 2014 2:19am Jan 9, 2014 2:19am
Quoting GlobalMacro
{quote} What level from?
Between now and 65. Keep your eyes open. Would be nice RR for a ride down to 6209 if 6338 breaks on 4.
If we close above today forget the shorts. Anything can happen.

Sell on up bars in "resistance"
  • #357,800
  • Jan 9, 2014 2:31am Jan 9, 2014 2:31am
Quoting chazzle
cable at an interesting point here - JAN2/6 swing mid - rejected yesterday - standing back to see what happens now
hovering below while euro advances - bearish st
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