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Cable Update (GBPUSD)

  • #359,501
  • Jan 21, 2014 12:39am Jan 21, 2014 12:39am
Quoting Davit
{quote} please elaborate more.Why is 60days any significance regards
history. look 5 year history.
  • #359,502
  • Jan 21, 2014 12:39am Jan 21, 2014 12:39am
Quoting WatChaWaitin
Any idea why? Its already down 30pips
normal PA for London Open - get lucky or get out of the way brief dollar advance across the board, not just cable
  • #359,503
  • Jan 21, 2014 12:40am Jan 21, 2014 12:40am
Quoting Baggi
{quote} London open. Probably a lot of profit taking, perhaps some desire to see their own currency a bit weaker. Who can say?
Even the rich London boys know it's bullshit when they say our economy is getting better!
  • #359,504
  • Jan 21, 2014 12:43am Jan 21, 2014 12:43am
Managed to catch the short from the top, out a bit prematurely as per usual. Looked like a good place for a pull back its been struggling to move up seemed sellers wanted to come in and at least take the lows out from yesterday first. Stopped on the daily/H4 20 EMA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 21-01-2014 GBPUSD screen shot.jpg Size: 359 KB
Click to Enlarge Name: 21-01-2014 GBPUSD trade.jpg Size: 21 KB
  • #359,505
  • Jan 21, 2014 12:44am Jan 21, 2014 12:44am
Quoting Griffo
{quote} Even the rich London boys know it's bullshit when they say our economy is getting better!
everyone knows economic data doesn't reflect the reality truthfully.
but what counts is the movement of the forex prices, if the darn results move along this news, then it's a valid result to the traders.
  • #359,506
  • Jan 21, 2014 12:44am Jan 21, 2014 12:44am
Overall pound is strengthening...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 107 KB
Anything is math!
  • #359,507
  • Jan 21, 2014 12:45am Jan 21, 2014 12:45am
4hr chart is now indicating possible short. I'm looking for a good entry..

Regards
  • #359,508
  • Jan 21, 2014 12:45am Jan 21, 2014 12:45am
Quoting Griffo
{quote} Even the rich London boys know it's bullshit when they say our economy is getting better!
I don't think they could care less , as long as they are making bank
  • #359,509
  • Jan 21, 2014 12:47am Jan 21, 2014 12:47am
Quoting chazzle
{quote} I don't think they could care less , as long as they are making bank
Very true! Whether the economy is going down or up, they're making money!
  • #359,510
  • Jan 21, 2014 12:49am Jan 21, 2014 12:49am
Quoting TauTrader
4hr chart is now indicating possible short. I'm looking for a good entry.. Regards
Dear T!

Show me please, i need more idea for developing my indi

Thank You!
Anything is math!
  • #359,511
  • Jan 21, 2014 12:49am Jan 21, 2014 12:49am
Quoting Griffo
{quote} Very true! Whether the economy is going down or up, they're making money!
yep - up or down, doesn't matter - as long as there's movement/volatility
  • #359,512
  • Jan 21, 2014 12:52am Jan 21, 2014 12:52am
support is holding at 1.64xxx I guess the institutions also waiting for tomorrow's interest rates and Carney's speech.
my bet is it will go up to 1.66xxx before bear fall.
  • #359,513
  • Jan 21, 2014 12:56am Jan 21, 2014 12:56am
I'll see you guys at 6280
good luck all
potential pip gain over 1100 on 10 shorts
In trading, you have to be defensive and aggressive at the same time
  • #359,514
  • Jan 21, 2014 12:59am Jan 21, 2014 12:59am
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.png Size: 87 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.png Size: 87 KB
the circles have been surport the dark trend lines for me now i think will tell me long or short,pin on the 1 hour is looking good for now but still a bit more time yet.
  • #359,515
  • Edited 1:48am Jan 21, 2014 12:59am | Edited 1:48am
Quoting PoundTrader
{quote} look like a sideways market to me
Yes. That's Correct !

So...
Attached Image (click to enlarge)
Click to Enlarge Name: Cable in H4 Chart.jpg Size: 1.0 MB
Always looking the GREAT, never left GOOD Point...
  • #359,516
  • Jan 21, 2014 1:04am Jan 21, 2014 1:04am
Quoting Davit
I'll see you guys at 6280 good luck all potential pip gain over 1100 on 10 shorts
Your s/l is still 300 pips up?
  • #359,517
  • Jan 21, 2014 1:08am Jan 21, 2014 1:08am
Still keeping my shorts. What does everyone think will happen in NY open? I think they'll try to push it down further. Hoping to at least break even on my shorts from lower down and then have a tasty profit on my short higher up.
  • #359,518
  • Jan 21, 2014 1:09am Jan 21, 2014 1:09am
This should be fun
Come with me if you want to live....
  • #359,519
  • Jan 21, 2014 1:14am Jan 21, 2014 1:14am
she is in the middle of nowhere atm.. need to sit tight
Attached Image
  • #359,520
  • Jan 21, 2014 1:15am Jan 21, 2014 1:15am
Would have loved to see a push towards 1.6470 - 1.6500 for a short.. not sure if we will get there.

I'm entering SMALL here and will build. Attempting to keep average price as close as possible as we progress.

Regards
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