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Cable Update (GBPUSD)

  • #360,781
  • Jan 27, 2014 4:28am Jan 27, 2014 4:28am
Quoting chazzle
see if we cant get a rt to 550 ish
GU M15

yes, we can - last thurs. Asia lows to hold?
Attached Image (click to enlarge)
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  • #360,782
  • Jan 27, 2014 4:32am Jan 27, 2014 4:32am
My short order at 16550 has been triggered. Good pips to all!
  • #360,783
  • Jan 27, 2014 4:39am Jan 27, 2014 4:39am
GU 1H

Breach of resistance!?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 13 KB
  • #360,784
  • Jan 27, 2014 4:46am Jan 27, 2014 4:46am
revised sl is now at be. wait and see...
fortis fortuna adiuvat
  • #360,785
  • Jan 27, 2014 4:53am Jan 27, 2014 4:53am
GU Daily

Not a bears dream, 1.67 targets are again in reach.

Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 13 KB
  • #360,786
  • Jan 27, 2014 4:53am Jan 27, 2014 4:53am
Quoting wannabtrader
{quote} price could easily go to 1.61 or so but too often will it pullback and shake out buyers / sellers. better to wait for an entry at 1.65 or so to be on the safe side, imo. good luck edit sorry 1.661
thanks. but what makes you sure that 1,65 is a safe long entry?
fortis fortuna adiuvat
  • #360,787
  • Jan 27, 2014 4:58am Jan 27, 2014 4:58am
Quoting deltaone
{quote} thanks. but what makes you sure that 1,65 is a safe long entry?
just a safer entry imo.
my profit target would be close to yours but like I said, too often price will pull back to the 23% retrace of swing.
just something I have observed over many trades.
  • #360,788
  • Jan 27, 2014 5:00am Jan 27, 2014 5:00am
Quoting wannabtrader
{quote} just a safer entry imo. my profit target would be close to yours but like I said, too often price will pull back to the 23% retrace of swing. just something I have observed over many trades.
I dont see any signal from 4H and Daily chart of GU, can you explain?
  • #360,789
  • Jan 27, 2014 5:03am Jan 27, 2014 5:03am
Quoting wannabtrader
{quote} just a safer entry imo. my profit target would be close to yours but like I said, too often price will pull back to the 23% retrace of swing. just something I have observed over many trades.
ok. i feel save already (sl=be). will definitely not hold position overnight.
fortis fortuna adiuvat
  • #360,790
  • Jan 27, 2014 5:31am Jan 27, 2014 5:31am
Quoting JimmyC
GU Daily Not a bears dream, 1.67 targets are again in reach. {image}
Have you considered this pullback? And 50% Fibonacci as well

Cable 1h
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 94 KB
  • #360,791
  • Jan 27, 2014 5:34am Jan 27, 2014 5:34am
Quoting Halba
this thing is in a bubble. it keeps going up. every fall is met by buyers. i wonder when the market will bring it back down to reality.
What price level constitutes reality?
  • #360,792
  • Jan 27, 2014 5:37am Jan 27, 2014 5:37am
easy come, easy go.
fortis fortuna adiuvat
  • #360,793
  • Jan 27, 2014 5:38am Jan 27, 2014 5:38am
Quoting Carlicus
{quote} Have you considered this pullback? And 50% Fibonacci as well Cable 1h {image}
Yup,

Shorting this pair is not a great thought, remains in a technical uptrend and even minor misses on US can support the continuation as can meeting or beating UK data, tricky to trade but bullish PA continues
  • #360,794
  • Jan 27, 2014 5:39am Jan 27, 2014 5:39am
Quoting JimmyC
{quote} Yup, Shorting this pair is not a great thought, remains in a technical uptrend and even minor misses on US can support the continuation as can meeting or beating UK data, tricky to trade but bullish PA continues
I am getting in before it becomes too late. will add one more short at 1.65000
  • #360,795
  • Jan 27, 2014 5:41am Jan 27, 2014 5:41am
It will go lower, don't worry.
No taper may give opportunity to sell higher, prepare your gun.

So many historical barriers above 1.66
You cannot learn better without losing
  • #360,796
  • Jan 27, 2014 5:55am Jan 27, 2014 5:55am
Quoting forexings
It will go lower, don't worry. No taper may give opportunity to sell higher, prepare your gun. So many historical barriers above 1.66
so true
Forex as Leverage
  • #360,797
  • Jan 27, 2014 5:58am Jan 27, 2014 5:58am
Quoting gammase1
{quote} What price level constitutes reality?
1.5x
  • #360,798
  • Jan 27, 2014 5:58am Jan 27, 2014 5:58am
Quoting forexings
It will go lower, don't worry. No taper may give opportunity to sell higher, prepare your gun. So many historical barriers above 1.66

Agree that 1.660 is the important level either way.
  • #360,799
  • Jan 27, 2014 6:04am Jan 27, 2014 6:04am
Quoting PayTheLimit
will keep an eye on 6579/89 for some shorts..

took another look, and I think I'll try shorts higher...

sell 6608, risk 6618
Look Sharp/Trade Tight
  • #360,800
  • Edited 6:16am Jan 27, 2014 6:04am | Edited 6:16am
Quoting JimmyC
{quote} Yup, Shorting this pair is not a great thought, remains in a technical uptrend and even minor misses on US can support the continuation as can meeting or beating UK data, tricky to trade but bullish PA continues
i can see it's gonna be another blood bath this week for some traders
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