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Cable Update (GBPUSD)

  • #357,821
  • Jan 9, 2014 5:13am Jan 9, 2014 5:13am
Quoting Kajos2250
GU H1 Bearish engulfing, inside bar in bullish trend. Hurting today's high will indicate more bulls to create 3rd wave up by my view! {image}
price might go down to 1.642 that is 50% of yesterdays pin rejection candle and still inside the 1 h trend line , break below would be great , the main surport lies 1.6305 for me thats a nice target to aim for. Off out now catch you later .
  • #357,822
  • Jan 9, 2014 5:14am Jan 9, 2014 5:14am
From my piont of view ,for cable to be in huge uptrend as some posts cable still has lots to do to be true
quarterly attached ,dosent show huge fall ,
it must break the consolidation zone ,
for bears it is still trading above a significante support pivot d1 bullish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp USD q Spot.png Size: 26 KB
Click to Enlarge Name: gbp USD d1 Spot.png Size: 29 KB
Click to Enlarge Name: gbp USD h8 Spot.png Size: 55 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #357,823
  • Jan 9, 2014 5:46am Jan 9, 2014 5:46am
Pound view before the news.

7 pair, 28 time frame except 2 pair eur/gbp, gbp/chf on H1 TF are bullish (above 21 EMA). It seems to me long!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 52 KB
Anything is math!
  • #357,824
  • Jan 9, 2014 5:52am Jan 9, 2014 5:52am
10 minutes before mpc statement and rate decision, cable being on bid all day (yet finding some resistance too).

I guess some move is coming soon
  • #357,825
  • Jan 9, 2014 6:03am Jan 9, 2014 6:03am
short squeeze ahead?
  • #357,826
  • Jan 9, 2014 6:06am Jan 9, 2014 6:06am
Inserted Video
fortis fortuna adiuvat
  • #357,827
  • Jan 9, 2014 6:07am Jan 9, 2014 6:07am
Quoting chazzle
short squeeze ahead?
A 20pips short squeeze, fair enough.
  • #357,828
  • Jan 9, 2014 6:08am Jan 9, 2014 6:08am
(we are on the fruit)
  • #357,829
  • Jan 9, 2014 6:11am Jan 9, 2014 6:11am
Let's see what Mario has to say, if he pumps Euro then EURGBP will go up, that could put pressure on GU.
  • #357,830
  • Jan 9, 2014 6:17am Jan 9, 2014 6:17am
IMO,cable is too choppy. Will wait for a substantive move in either direction. Those of you taking a position have more balls than I do. Best of luck!
  • #357,831
  • Jan 9, 2014 6:25am Jan 9, 2014 6:25am
Quoting kiarie2009
IMO,cable is too choppy. Will wait for a substantive move in either direction. Those of you taking a position have more balls than I do. Best of luck!
Any recommendations on other pairs that are more predictable at the moment?
  • #357,832
  • Jan 9, 2014 6:26am Jan 9, 2014 6:26am
Quoting spaceduck
{quote} A 20pips short squeeze, fair enough.
  • #357,833
  • Jan 9, 2014 6:28am Jan 9, 2014 6:28am
Hear the music before the song is over ...
  • #357,834
  • Jan 9, 2014 6:35am Jan 9, 2014 6:35am
Euro looks like it might want to do something
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 32 KB
Come with me if you want to live....
  • #357,835
  • Jan 9, 2014 6:40am Jan 9, 2014 6:40am
Cable looks bullish to me, but will watch US impact news
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 31 KB
Come with me if you want to live....
  • #357,836
  • Jan 9, 2014 6:41am Jan 9, 2014 6:41am
Quoting Ill-b-back
Euro looks like it might want to do something {image}
I have just took a short, SL 3637... targetting ~3500...
Anything is math!
  • #357,837
  • Jan 9, 2014 6:44am Jan 9, 2014 6:44am
Quoting spaceduck
{quote} A 20pips short squeeze, fair enough.
Its not just the potential of a squeeze,that is an understatement. The risk shorting this pair is unbelievable....1 hr time frame trend is bullish, 8hr time frame is bullish, Daily trend is also bullish. I tried to see if I can get maybe 40 pips shorting it on the reversal here here only to run into bullish pin bars...Guys we should be looking for easy trades and not hard trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
  • #357,838
  • Jan 9, 2014 6:52am Jan 9, 2014 6:52am
Quoting Kajos2250
{quote} I have just took a short, SL 3637... targetting ~3500...
just back,, were is all my profit eur looks likeŁ can come down with it lets say 1.6350 i still think 1.66 was the top i dont have a good reason only the one i posted 2 weeks ago
  • #357,839
  • Jan 9, 2014 6:52am Jan 9, 2014 6:52am
Quoting IveGotQuads
{quote} Its not just the potential of a squeeze,that is an understatement. The risk shorting this pair is unbelievable....1 hr time frame trend is bullish, 8hr time frame is bullish, Daily trend is also bullish. I tried to see if I can get maybe 40 pips shorting it on the reversal here here only to run into bullish pin bars...Guys we should be looking for easy trades and not hard trades. {image}
Golden words!
  • #357,840
  • Jan 9, 2014 6:52am Jan 9, 2014 6:52am
Quoting Kajos2250
{quote} I have just took a short, SL 3637... targetting ~3500...
Well it's a good risk/reward.
I would be waiting for a break of that triangle thingy north and a 4 hr close above the 23 fibo around 3625, then go long.
But I don't trade the Euro, so it's all academic I suppose
Come with me if you want to live....
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