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Cable Update (GBPUSD)

  • #359,561
  • Jan 21, 2014 4:52am Jan 21, 2014 4:52am
some support on the euro daily...may correlate to GBP. Bounce or break? Time will tell.
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  • #359,562
  • Jan 21, 2014 5:02am Jan 21, 2014 5:02am
Quoting Ken A
{quote} Careful, buy stops all over above 1.100 I am scalping long for U/CAD and it's working good so far.
i know..

I'm the contra indi..

But studying a few years' data - we have a reasonable probability to revisit 1.0819 at some point. So - going with that. What am I doing?!

Wishing you mega profits

Regards and all success
  • #359,563
  • Jan 21, 2014 5:05am Jan 21, 2014 5:05am
Whoo hoo!

I'm in profit. Out of profit. In profit.. out of profit. FARK!
  • #359,564
  • Jan 21, 2014 5:05am Jan 21, 2014 5:05am
Seeing my charts it is time to strength my longs. Even risk free in a bullsih flag...
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Anything is math!
  • #359,565
  • Jan 21, 2014 5:06am Jan 21, 2014 5:06am
nice little uptrend forming on the 15
Attached Image
  • #359,566
  • Jan 21, 2014 5:06am Jan 21, 2014 5:06am
Quoting Kajos2250
{quote} Overall pound is strengthening-> good news! {image}
Yep... I knew it. Cable need PUSH UP again before Break.

Keep Watch in Price 1.6458 or Higher 1.6483 as SUPPLY Lower Line.
Always looking the GREAT, never left GOOD Point...
  • #359,567
  • Jan 21, 2014 5:10am Jan 21, 2014 5:10am
Quoting Kajos2250
Seeing my charts it is time to strength my longs. Even risk free in a bullsih flag...
I think it's time for it to go down now. You can get better prices.
  • #359,568
  • Jan 21, 2014 5:10am Jan 21, 2014 5:10am
Quoting Tsar
EURO RED Report for German ZEW Economic Sentiment GREEN Report for ZEW Economic Sentiment GBP Wait the Info... CBI Industrial Order Expectations Red Report, maybe ?
BAD Reported !

- 2
Always looking the GREAT, never left GOOD Point...
  • #359,569
  • Jan 21, 2014 5:11am Jan 21, 2014 5:11am
Quoting Tsar
{quote} Yep... I knew it. Cable need PUSH UP again before Break. Keep Watch in Price 1.6458 or Higher 1.6483 as SUPPLY Lower Line.
Bad low impact news, but the poundis strengtening
The market not allways do the new effect.
Anything is math!
  • #359,570
  • Jan 21, 2014 5:12am Jan 21, 2014 5:12am
I'm a bad trader. We have consensus.

But I'm looking at the angle of the indi on the 4hr - and I see serious drop on GU. She is fighting higher - but tired..

Angle only changes after 1.6600

So - either a beautiful short on the horizon, or a big loss..
  • #359,571
  • Jan 21, 2014 5:20am Jan 21, 2014 5:20am
Quoting pipcenturion
Hi all, I suggest selling cable at market price 1.6447 TP 1.6260 SL 100 pips Happy trading! {image}
Here is progress report on this trade call
+26 pips and counting!
Quite interestingly, we didn't even see up to 10 pips draw down!
Attached Image (click to enlarge)
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  • #359,572
  • Jan 21, 2014 5:20am Jan 21, 2014 5:20am
stopped out on the 1 min 3-1 wins thou look for long now as i write something going on 1 min look to long
  • #359,573
  • Jan 21, 2014 5:23am Jan 21, 2014 5:23am
Quoting TauTrader
I'm a bad trader. We have consensus. But I'm looking at the angle of the indi on the 4hr - and I see serious drop on GU. She is fighting higher - but tired.. Angle only changes after 1.6600 So - either a beautiful short on the horizon, or a big loss..
Tic Toc Tic Toc... when the Cable rolls over, there will be many chasing after it down. It will be lighting fast.
  • #359,574
  • Jan 21, 2014 5:23am Jan 21, 2014 5:23am
Quoting Kajos2250
{quote} Bad low impact news, but the poundis strengtening The market not allways do the new effect.
Yup. I knew it.

For you know... I'm not Fundamental Trader
Always looking the GREAT, never left GOOD Point...
  • #359,575
  • Jan 21, 2014 5:26am Jan 21, 2014 5:26am
Quoting FxMaximus
{quote} Tic Toc Tic Toc... when the Cable rolls over, there will be many chasing after it down. It will be lighting fast.
Sir FX,

4hr GU now short for me ( indicator based) - not sure how much profit there is in this..

But I cannot long.

hope you cream it!

Regards
  • #359,576
  • Jan 21, 2014 5:26am Jan 21, 2014 5:26am
Quoting pipcenturion
{quote} Here is progress report on this trade call +26 pips and counting! Quite interestingly, we didn't even see up to 10 pips draw down! {image}
nice call... if it breaks the trend then its all shorty.
  • #359,577
  • Jan 21, 2014 5:32am Jan 21, 2014 5:32am
Quoting TauTrader
{quote} Sir FX, 4hr GU now short for me ( indicator based) - not sure how much profit there is in this.. But I cannot long. hope you cream it! Regards

what do u think about the 6418(near term)?
Keep the Lights on then you can catch the rise from the dark.
  • #359,578
  • Jan 21, 2014 5:49am Jan 21, 2014 5:49am
Quoting ricmaj
{quote} what do u think about the 6418(near term)?
What do you think about 1.5560 long term?

I do not have targets other than 1.6172 and 1.6000 - so cannot comment, sir. But if I pull out the calculator - then 1.6418 looks to be on the way to 1.6172. So - if you ask me what I think.. It seems quite valid, sir

All success to you
  • #359,579
  • Jan 21, 2014 5:56am Jan 21, 2014 5:56am
Quoting TauTrader
{quote} What do you think about 1.5560 long term? I do not have targets other than 1.6172 and 1.6000 - so cannot comment, sir. But if I pull out the calculator - then 1.6418 looks to be on the way to 1.6172. So - if you ask me what I think.. It seems quite valid, sir All success to you

thanks
Keep the Lights on then you can catch the rise from the dark.
  • #359,580
  • Jan 21, 2014 6:03am Jan 21, 2014 6:03am
Hoping to take out yesterdays low of 6394 in the next hour or two.
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