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Cable Update (GBPUSD)

  • #358,341
  • Jan 13, 2014 11:52am Jan 13, 2014 11:52am
Hi Tony,

looks to me all the selling emenating from there...



btw you got the wrong chart bro (GBP/CHF ???)


Quoting Bones
Hi G how do you feel about eur gbp now ? {quote} {image}
Hear the music before the song is over ...
  • #358,342
  • Jan 13, 2014 11:58am Jan 13, 2014 11:58am
eur gbp will be up and gbp chf ,its opposite down ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,343
  • Jan 13, 2014 11:58am Jan 13, 2014 11:58am
strong rejection on 6380
Looks like the Bears are in control for time being
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.m5.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #358,344
  • Jan 13, 2014 12:03pm Jan 13, 2014 12:03pm
Took a small position here at 366. If we head back towards today's bottom, I'll double my position and if we go down past it over 20 pips, I'll close.
  • #358,345
  • Jan 13, 2014 12:07pm Jan 13, 2014 12:07pm
h1


Quoting GlobalMacro
{quote} Cable now 1.6376 = BUY ORDER FILLED @ 1.6379 LONG @ 1.6379 S / L : 1.6317 T / P : OPEN GBP/USD - H1 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h1 Spot.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,346
  • Jan 13, 2014 12:13pm Jan 13, 2014 12:13pm
but I am short chf more than Gbp


Quoting Bones
chf jpy ,h1 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: chf JPY h1 2 Spot.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,347
  • Jan 13, 2014 12:20pm Jan 13, 2014 12:20pm
Moved my SL 6380 to protect more profits
In trading, you have to be defensive and aggressive at the same time
  • #358,348
  • Jan 13, 2014 12:27pm Jan 13, 2014 12:27pm
trying short 1.6371 as i said before i think it will finish its move before the retrace at 1.6338 if were lucky below 1.6305 is next
  • #358,349
  • Jan 13, 2014 12:28pm Jan 13, 2014 12:28pm
Quoting GlobalMacro
{quote} Darn.... OK taking her up for you so you can sell some more overhead.......sounds good right..?.......
tomorrow gbp will likely disappoint..she might sink hard..its in my charts
  • #358,350
  • Jan 13, 2014 12:40pm Jan 13, 2014 12:40pm
strong level to break 6360
Previously got rejected.
If any bull it will be here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 58 KB
In trading, you have to be defensive and aggressive at the same time
  • #358,351
  • Jan 13, 2014 12:45pm Jan 13, 2014 12:45pm
Quoting nAVIN2007
{quote} tomorrow gbp will likely disappoint..she might sink hard..its in my charts
Right...everything's cheap nowadays.....rock bottom prices...everything.........LOL
Hear the music before the song is over ...
  • #358,352
  • Jan 13, 2014 12:47pm Jan 13, 2014 12:47pm
Quoting Davit
strong level to break 6360 Previously got rejected. If any bull it will be here. {image}
let go for it 23% fib ext 1.6275 on the 4 hour were out of tl cleared the 200sma with the 2nd candle my sl 1.6407
  • #358,353
  • Jan 13, 2014 12:53pm Jan 13, 2014 12:53pm
Quoting elbert3
{quote} let go for it 23% fib ext 1.6275 on the 4 hour were out of tl cleared the 200sma with the 2nd candle my sl 1.6407

Market reacts more recent memory bank in my view.You can draw fibs on numerous levels but clear recent rejection at 6360 area is freshest market memory.
If 6360-50 breaks nothing stops from reaching 63-6280 my TP is 63
Regards
In trading, you have to be defensive and aggressive at the same time
  • #358,354
  • Jan 13, 2014 1:00pm Jan 13, 2014 1:00pm
Quoting GlobalMacro
{quote} Cable now 1.6376 = BUY ORDER FILLED @ 1.6379 LONG @ 1.6379 S / L : 1.6317 T / P : OPEN GBP/USD - H1 {image}
hi i place my trend line from the 2nd jan high and do you think it will make the difference, with respect
  • #358,355
  • Jan 13, 2014 1:00pm Jan 13, 2014 1:00pm
I just figured out why we dropped so far. We are almost at 50/50 bulls vs bears on this one according to the traders here.

  • #358,356
  • Jan 13, 2014 1:00pm Jan 13, 2014 1:00pm
Looking for about 60-80 pips here on Cable, entry at 1.6363
TL Support + a decent former demand level
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 115 KB
Greatness exists in all of us.
  • #358,357
  • Jan 13, 2014 1:06pm Jan 13, 2014 1:06pm
Quoting Davit
{quote} Market reacts more recent memory bank in my view.You can draw fibs on numerous levels but clear recent rejection at 6360 area is freshest market memory. If 6360-50 breaks nothing stops from reaching 63-6280 my TP is 63 Regards
i just find using the fibs and the other tecs which i have told you i use makes me feel comfortable in the trade , if that makes any sense
  • #358,358
  • Jan 13, 2014 1:11pm Jan 13, 2014 1:11pm
Quoting elbert3
{quote} hi i place my trend line from the 2nd jan high and do you think it will make the difference, with respect
Chart ! ?
Hear the music before the song is over ...
  • #358,359
  • Jan 13, 2014 1:11pm Jan 13, 2014 1:11pm
Quoting elbert3
{quote} i just find using the fibs and the other tecs which i have told you i use makes me feel comfortable in the trade , if that makes any sense

I use fibs all the time but we must be aware what PA is telling and what PA did last time around here.That's all bro.
I would move your short to break even and don't worry about it.If you get stopped out nothing lost or gained.
In trading, you have to be defensive and aggressive at the same time
  • #358,360
  • Jan 13, 2014 1:20pm Jan 13, 2014 1:20pm
Quoting GlobalMacro
{quote} Chart ! ?
sorry you posted a 4hr so i was going off that, respectfully
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