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Cable Update (GBPUSD)

  • #359,861
  • Jan 22, 2014 5:30am Jan 22, 2014 5:30am
23.6% of the daily lo so far to the post data high held on that pullback...4hr shows support holding at the bottom arrow then resistance turned support at the top arrows...that and trend line break upwards tuned this t/f bullish ? Testing offers to 6550 now again in this moment.

Best Wishes
Attached Image (click to enlarge)
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it's all gone a bit........
  • #359,862
  • Jan 22, 2014 5:40am Jan 22, 2014 5:40am
Quoting IveGotQuads
{quote} And why is that if i may ask ?
Check it out. How much movement the GBP/NZD per a Day.
Ranges from 250 to 500 Point each Day.

I have an Advice, if you want Trade this pair ;
The First... must know Well and have experienced about GBP/USD pair.
The Second... knew about Technical Analysis [TA] so Well. Can't used Indicator as Reference

Why ?
Because these Currencies more dangerous than GBP/USD
And Broker take a spread 4X much Bigger than GBP/USD pair.

Frankly... recommend for 'Advanced Trader' only
Always looking the GREAT, never left GOOD Point...
  • #359,863
  • Jan 22, 2014 5:42am Jan 22, 2014 5:42am
sell 20lot 560 sl 575 tp?
With a good book and quality paper you can fine wipe your ass.
  • #359,864
  • Jan 22, 2014 5:49am Jan 22, 2014 5:49am
How will NY react? Push it up, or push it down? Anybody got any theories?
  • #359,865
  • Jan 22, 2014 5:53am Jan 22, 2014 5:53am
Quoting Tsar
{quote} Check it out. How much movement the GBP/NZD per a Day. Ranges from 250 to 500 Point each Day.
Average 198 pips per day as with most GBP/XXX

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 53 KB
  • #359,866
  • Jan 22, 2014 6:01am Jan 22, 2014 6:01am
Cable is very strong. Its target is above 1.7x
  • #359,867
  • Jan 22, 2014 6:02am Jan 22, 2014 6:02am
fu*k this sh*t!!! today total -120 pips on this sh*t!!! need break!
  • #359,868
  • Jan 22, 2014 6:02am Jan 22, 2014 6:02am
Quoting Ken A
{quote} Average 198 pips per day as with most GBP/XXX {image}
Thank's for Correction, Ken.

I mean High to Low, counting with previous Year...
Always looking the GREAT, never left GOOD Point...
  • #359,869
  • Jan 22, 2014 6:13am Jan 22, 2014 6:13am
Quoting namitak007
fu*k this sh*t!!! today total -120 pips on this sh*t!!! need break!
shit happens, we all have losing trades, move on and focus on the next trade..
Patience is a virtue...
  • #359,870
  • Jan 22, 2014 6:17am Jan 22, 2014 6:17am
Quoting ajpipsmaker
Well, there is a nasty trend line for the nasty cable on the hourly chart as shown below. The pair is struggling to take this out. The employment report is on the cards for the pair. If the employment numbers register gains, then the pair might blast through this trend line and trade higher. {image} There are chances that the pair might break this in advance ahead of the report. If that is the case, then I may jump into a buy trade with a stop below this trend line. This is just my view. What's your take guys? Ajpipsmaker


Well, I posted this before the release.
I jumped in the buy trade and closed it with +50 pips.
I was lucky
I will be looking for a reaction at around the 1.6580 level.
Let's see how the pair behaves around the same level.
I Will keep you all updated.
Cheers
  • #359,871
  • Jan 22, 2014 6:21am Jan 22, 2014 6:21am
sold 3 longs loverllyyyyy short to 6520 1st target
  • #359,872
  • Jan 22, 2014 6:22am Jan 22, 2014 6:22am
Quoting Maso
Cable is very strong. Its target is above 1.7x
Easy bro, need correction at yellow area first.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 63 KB
  • #359,873
  • Jan 22, 2014 6:43am Jan 22, 2014 6:43am
Quoting Suffo
sell 20lot 560 sl 575 tp?
closed BE
With a good book and quality paper you can fine wipe your ass.
  • #359,874
  • Jan 22, 2014 6:52am Jan 22, 2014 6:52am
Nearly 70 percent of FF explorers are short GBPUSD,
we have some hard core swingers here...
Come with me if you want to live....
  • #359,875
  • Jan 22, 2014 6:53am Jan 22, 2014 6:53am
Quoting Tsar
{quote} Check it out. How much movement the GBP/NZD per a Day. Ranges from 250 to 500 Point each Day. I have an Advice, if you want Trade this pair ; The First... must know Well and have experienced about GBP/USD pair. The Second... knew about Technical Analysis [TA] so Well. Can't used Indicator as Reference Why ? Because these Currencies more dangerous than GBP/USD And Broker take a spread 4X much Bigger than GBP/USD pair. Frankly... recommend for 'Advanced Trader' only
Thanks I have been looking at this pair for a while now. Ill backtest my strategy on it
  • #359,876
  • Jan 22, 2014 6:54am Jan 22, 2014 6:54am
The price reached this level at least
Attached Image (click to enlarge)
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  • #359,877
  • Jan 22, 2014 6:56am Jan 22, 2014 6:56am
Indeed, hardcore

Attached Image (click to enlarge)
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  • #359,878
  • Jan 22, 2014 6:58am Jan 22, 2014 6:58am
Quoting Ken A
Indeed, hardcore {image}

Look Sharp/Trade Tight
  • #359,879
  • Jan 22, 2014 7:00am Jan 22, 2014 7:00am
Increase news target to 1.6638
  • #359,880
  • Jan 22, 2014 7:02am Jan 22, 2014 7:02am
Quoting Ken A
Indeed, hardcore {image}
counter trending to lose money, not different than usual, just difficult to understand
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