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Cable Update (GBPUSD)

  • #358,381
  • Jan 13, 2014 3:30pm Jan 13, 2014 3:30pm
Quoting JimmyC
{quote}
http://www.easyfreesmileys.com/smile...mileys-609.gif
  • #358,382
  • Jan 13, 2014 3:33pm Jan 13, 2014 3:33pm
we need to sell
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily11-1.png Size: 63 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #358,383
  • Jan 13, 2014 3:35pm Jan 13, 2014 3:35pm
Quoting FXThug
we need to sell {image}
http://www.easyfreesmileys.com/smile...mileys-445.gif
  • #358,384
  • Jan 13, 2014 4:49pm Jan 13, 2014 4:49pm
I expect to see pressure between 1.64 - 1.6415... if this area if fails, will likely result in another leg down to 1.63...
  • #358,385
  • Jan 13, 2014 4:54pm Jan 13, 2014 4:54pm
I don't expect another leg up or down to happen for another 8 or 9 hours.

Until then we'll be tradinging in a range. Perhaps an hour before London open is when things will start to get interesting.
  • #358,386
  • Jan 13, 2014 4:59pm Jan 13, 2014 4:59pm
If you use Murrey Math levels, you might be interested in an indie I created today.
Get it here >>> http://www.forexfactory.com/showthre...67#post7210067
Those who say it cannot be done should not interrupt those who are doing it
  • #358,387
  • Jan 13, 2014 5:02pm Jan 13, 2014 5:02pm
Quoting Baggi
when things will start to get interesting.
Perhaps @ the release of GBP CPI @ 4:30am EST

best
When the Joker is in the deck.. fear not and play it well
  • #358,388
  • Jan 13, 2014 6:12pm Jan 13, 2014 6:12pm
For perspective, I would like to have remained short but I was late in entry (and exit)
and upcoming data is unknown. Also playing with a couple of new "toys" but managed
about 55 pips (like a kid in a playground).

I remain bearish but flat at present. Data may tell.....

best
Attached Image (click to enlarge)
Click to Enlarge Name: perspective.png Size: 61 KB
When the Joker is in the deck.. fear not and play it well
  • #358,389
  • Jan 13, 2014 6:38pm Jan 13, 2014 6:38pm
Quoting Slim Buffett
For perspective, I would like to have remained short but I was late in entry (and exit) and upcoming data is unknown. Also playing with a couple of new "toys" but managed about 55 pips (like a kid in a playground). I remain bearish but flat at present. Data may tell..... best {image}
From my perspective, GU still looks bullish and I feel it would react around that trendline.
To become a better trader, think discipline.
  • #358,390
  • Jan 13, 2014 6:44pm Jan 13, 2014 6:44pm
How do you guys think Pound CPI will affect Cable?
GBPUSD missed my entry long by 3 or so pips but luckily I got in the GBPCAD to compensate.
So far in 2014, UK has shown 3 data misses. If this CPI is strong, a push higher would reinforce the hawkish outlook the market has on the Cable, especially against Dollar weakness and my CAD long lol.
Attached Image (click to enlarge)
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Greatness exists in all of us.
  • #358,391
  • Jan 13, 2014 7:05pm Jan 13, 2014 7:05pm
Quoting fxpipsgainer
{quote} From my perspective, GU still looks bullish and I feel it would react around that trendline.
Not sure why you're so bullish. Not saying you're wrong though.
However, if you look at weekly there are a couple of "undecided's" candles
and it seems to be a bit bearish, atm.

Do whatever. Time may prove you right.
As stated, I remain flat for now.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly.png Size: 42 KB
When the Joker is in the deck.. fear not and play it well
  • #358,392
  • Jan 13, 2014 7:13pm Jan 13, 2014 7:13pm
GBP has gone up too much too fast. That's what scares me about going long GBP.
  • #358,393
  • Jan 13, 2014 7:22pm Jan 13, 2014 7:22pm
Yeah I fear a bad CPI will push Cable down another leg..
Greatness exists in all of us.
  • #358,394
  • Jan 13, 2014 7:34pm Jan 13, 2014 7:34pm
I went ahead and sold here. I think we will test that bottom again before we go back up. If we go up.
  • #358,395
  • Jan 13, 2014 7:54pm Jan 13, 2014 7:54pm
Fork showed a short at the WL1 looking for shorts
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #358,396
  • Jan 13, 2014 8:39pm Jan 13, 2014 8:39pm
I took a short now at 63964
  • #358,397
  • Jan 13, 2014 8:48pm Jan 13, 2014 8:48pm
Quoting Baggi
I took a short now at 63964
bullish movement not going to go away so fast, there are not yet reasons besides overbought and market does not care much about this, will put first short at 1.6410, anyway this pair will go wild in some hours, could go 1.65 again or 1.62xx area real fast.
  • #358,398
  • Jan 13, 2014 8:49pm Jan 13, 2014 8:49pm
Quoting acidguy
{quote} bullish movement not going to go away so fast, there are not yet reasons besides overbought and market does not care much about this, will put first short at 1.6410, anyway this pair will go wild in some hours, could go 1.65 again or 1.62xx area real fast.
I'm overall bullish. Just looking for a quick 20 to 30 pips.
  • #358,399
  • Jan 13, 2014 9:24pm Jan 13, 2014 9:24pm
Quoting Baggi
{quote} I'm overall bullish. Just looking for a quick 20 to 30 pips.
Like a quick fix ??

Like an acid trip ??

Good luck with that.
When the Joker is in the deck.. fear not and play it well
  • #358,400
  • Jan 13, 2014 9:37pm Jan 13, 2014 9:37pm
an inverted flag on H4 chart...i'm going short
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