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Cable Update (GBPUSD)

  • #358,781
  • Jan 15, 2014 1:24pm Jan 15, 2014 1:24pm
Everyone put in big sell orders and lets drop this baby to 1.55! LOL
  • #358,782
  • Jan 15, 2014 1:25pm Jan 15, 2014 1:25pm
Quoting GlobalMacro
{quote} agreed...definitely consolidation bro....and one of the most challenging one at that... I don't know tl looks pretty intact to me.....might be wrong tho....got sl in place just in case. my H8 looks like this... kinda pin-ish.... Have a good one bro! {image}
Hey G, don't know you bullish or bearish G/U.

PA has been consolidating around 38.2% monthly chart. Above that level I am long term bullish.

Attached Image (click to enlarge)
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  • #358,783
  • Jan 15, 2014 1:35pm Jan 15, 2014 1:35pm
Quoting Ken A
{quote} Hey G, don't know you bullish or bearish G/U. PA has been consolidating around 38.2% monthly chart. Above that level I am long term bullish. {image}
Hey Ken, Good to see you, buddy.

me too...bullish throughout....got into a long position earlier, will update momentarily.

Monthly , weekly , even daily .... the whole 9 yards....bullish
Hear the music before the song is over ...
  • #358,784
  • Jan 15, 2014 1:51pm Jan 15, 2014 1:51pm
I guess it has a wick ,
technically not a pin
weekly right now =not bullish ,
but concede ,consolidation could push up


Quoting GlobalMacro
{quote} agreed...definitely consolidation bro....and one of the most challenging one at that... I don't know tl looks pretty intact to me.....might be wrong tho....got sl in place just in case. my H8 looks like this... kinda pin-ish.... Have a good one bro! {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,785
  • Jan 15, 2014 1:52pm Jan 15, 2014 1:52pm
Quoting GlobalMacro
{quote} Hey Ken, Good to see you, buddy. me too...bullish throughout....got into a long position earlier, will update momentarily. Monthly , weekly , even daily .... the whole 9 yards....bullish
I want to kick myself looking at the chart was having doubt as to what Carney would do in BOE. Only scalp here and there missed the G/J bull train all along.

Got one GBP/CAD from Dec 16, 2013 as consolation and not feeling so dumb for at least get something out of this bull train.

Attached Image
  • #358,786
  • Jan 15, 2014 1:57pm Jan 15, 2014 1:57pm
Quoting Bones
I guess it has a wick , technically not a pin weekly right now =not bullish , but concede ,consolidation could push up {quote}
all good things start with a wick........good enough for me,will take it....

price touched 6379-80 already btw
Hear the music before the song is over ...
  • #358,787
  • Jan 15, 2014 2:02pm Jan 15, 2014 2:02pm
yea thats the TP on long lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,788
  • Jan 15, 2014 2:08pm Jan 15, 2014 2:08pm
Quoting Ken A
{quote} I want to kick myself looking at the chart was having doubt as to what Carney would do in BOE. Only scalp here and there missed the G/J bull train all along. Got one GBP/CAD from Dec 16, 2013 as consolation and not feeling so dumb for at least get something out of this bull train. {image}
Look at that.....fat rockin'...you're a baller, my man...Respect !

I'm looking for something similar in cable.....

everytime before that guy wants to open his mouth someone start trashing cable.....this is getting old...
Hear the music before the song is over ...
  • #358,789
  • Jan 15, 2014 2:15pm Jan 15, 2014 2:15pm
Quoting GlobalMacro
I'm looking for something similar in cable.....
I place one buy limit at 1.6300 with 200 pips stop and will see how it will go on weekly chart.
  • #358,790
  • Jan 15, 2014 2:30pm Jan 15, 2014 2:30pm
usdx w1 d1
Break ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDXWeekly.png Size: 26 KB
Click to Enlarge Name: USDXDaily.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,791
  • Jan 15, 2014 2:33pm Jan 15, 2014 2:33pm
Quoting GlobalMacro
Still bullish....just a spike down. Looking to buy: BUY LIMIT : 1.6349 S / L : 1.6287 T / P : OPEN
Here's the update....

I'm back in longs on bounce off L/T trendline.....this is how I see the TL anyway (chart....)

Will continue to carry the position with these trade parameters:


LONG @ 1.6349

S / L : 1.6287

T / P : OPEN

Cable now 1.6375

P&L : + 26 pips




GBP / USD - H8
Attached Image
Hear the music before the song is over ...
  • #358,792
  • Jan 15, 2014 2:43pm Jan 15, 2014 2:43pm
Quoting Ken A
{quote} I place one buy limit at 1.6300 with 200 pips stop and will see how it will go on weekly chart.
There's been some decent buying into the spike....hopefully it's north from here on...
Hear the music before the song is over ...
  • #358,793
  • Jan 15, 2014 2:52pm Jan 15, 2014 2:52pm
Alright that does it for me...I'm outta here.....take care guys !
Hear the music before the song is over ...
  • #358,794
  • Jan 15, 2014 3:00pm Jan 15, 2014 3:00pm
Quoting Bones
usdx w1 d1 Break ? {image} {image}
I guess it would. JPY has the potential to boost USDX

Quoting GlobalMacro
{quote} There's been some decent buying into the spike....hopefully it's north from here on...
Yes, I see that. Might split the order and scaling in if it goes lower.
  • #358,795
  • Jan 15, 2014 3:38pm Jan 15, 2014 3:38pm
I just dumped a short I took earlier at 163746 and got rid of it at 16360, quick 15 pips profit.

I don't like holding short right now though. I think this correction only has a little more leg down and I don't want to be short once we hit that bottom.

I'll look for a long entry now.
  • #358,796
  • Jan 15, 2014 5:15pm Jan 15, 2014 5:15pm
Missed my long entry. Almost pulled the trigger at 16350. Oh well.

Now I'll have to wait for another long entry.
  • #358,797
  • Jan 15, 2014 6:09pm Jan 15, 2014 6:09pm
Quoting Baggi
I just dumped a short I took earlier at 163746 and got rid of it at 16360, quick 15 pips profit. I don't like holding short right now though. I think this correction only has a little more leg down and I don't want to be short once we hit that bottom. I'll look for a long entry now.
let the winners run, this pair is going to plummet to 1.61xx area soon.
  • #358,798
  • Jan 15, 2014 6:28pm Jan 15, 2014 6:28pm
Quoting acidguy
{quote} let the winners run, this pair is going to plummet to 1.61xx area soon.

Maybe. But I feel like this is just a momentary respite from the larger up trend.

Either way, I plan to make money going long and short. And right now, it's starting to look like another short entry. If we don't break through this triple top area that we've hit twice already on the hourly.
  • #358,799
  • Jan 15, 2014 7:06pm Jan 15, 2014 7:06pm
Attached Image (click to enlarge)
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  • #358,800
  • Jan 15, 2014 8:39pm Jan 15, 2014 8:39pm
This is looking like a bear flag right now. Or pennant, however you wish to think of it.

But I'm not feeling a direction up or down, so I'm sitting it out, until something happens to make me think otherwise.
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