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Cable Update (GBPUSD)

  • #360,861
  • Jan 27, 2014 9:19am Jan 27, 2014 9:19am
Quoting JimmyC
GU 1H Correction due ? {image}

The bulls and bears are waiting for 1.66 but if the 1H TL breaks expect 1.65570 + bounce and a renewed attempt to hit 1.66
  • #360,862
  • Jan 27, 2014 9:24am Jan 27, 2014 9:24am
Quoting JimmyC
{quote} The bulls and bears are waiting for 1.66 but if the 1H TL breaks expect 1.65570 + bounce and a renewed attempt to hit 1.66
Sir,

Way lower than that.

Pace it. Add every 50. That's my strat.

The numbers were posted

Trade well.
  • #360,863
  • Jan 27, 2014 9:28am Jan 27, 2014 9:28am
Looks like we are trading in a very tight range at the moment. Right between 1.6579 and 1.6586.
  • #360,864
  • Jan 27, 2014 9:30am Jan 27, 2014 9:30am

Quoting TauTrader
{quote} Sir, Way lower than that. Pace it. Add every 50. That's my strat. The numbers were posted Trade well.
  • #360,865
  • Jan 27, 2014 9:41am Jan 27, 2014 9:41am
Quoting Baggi
Looks like we are trading in a very tight range at the moment. Right between 1.6579 and 1.6586.

Broke down out of that range. I sold my short for a very small profit. I'll be looking for a long entry now.
  • #360,866
  • Jan 27, 2014 9:41am Jan 27, 2014 9:41am
Quoting JimmyC
{quote}
GU 15

Ready bears?

Almost...
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 13 KB
  • #360,867
  • Jan 27, 2014 9:47am Jan 27, 2014 9:47am
Quoting JimmyC
{quote} GU 15 Ready bears? Almost... {image}
GO short 1.65745 STOP 1.65884 TP 1.65570 risking .4%
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 13 KB
  • #360,868
  • Jan 27, 2014 9:49am Jan 27, 2014 9:49am
Will good figures tomorrow cause this to shoot up (shoot down with bad figures)? Any opinions?

Will US data have much impact?
  • #360,869
  • Jan 27, 2014 9:53am Jan 27, 2014 9:53am
Trading because of one candle breakout? Hm, not the most conservative style, but worth a thought considering that the bulls cannot break above the current level.
Fix up, trade sharp ...
  • #360,870
  • Jan 27, 2014 10:01am Jan 27, 2014 10:01am
Quoting JimmyC
GU 1H Correction due ? {image}
I'm looking much lower than your indicated level.
You refer to it as a correction, but what I see is that this upmove is a correction of a bigger downward correction which is targeting 6390 - 6440 area depending on how far up this move goes.

Basically I am looking for 3 waves down.
First wave is complete. Second wave is the one we are in, and third wave will make a new low or a double bottom. Then to da moon.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,871
  • Jan 27, 2014 10:04am Jan 27, 2014 10:04am
Quoting Baggi
{quote} Broke down out of that range. I sold my short for a very small profit. I'll be looking for a long entry now.
Too early in my opinion. Wait until at least a test of 6490 area
Then again, that's just my opinion.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,872
  • Jan 27, 2014 10:06am Jan 27, 2014 10:06am
Quoting Hickson
Trading because of one candle breakout? Hm, not the most conservative style, but worth a thought considering that the bulls cannot break above the current level.

Nope 3 candles and a retest...
Attached Image (click to enlarge)
Click to Enlarge Name: GU15.png Size: 10 KB
  • #360,873
  • Jan 27, 2014 10:13am Jan 27, 2014 10:13am
Quoting PipTrapper
First projected area:
Orange is a weak sell zone
Red is a strong sell zone

After Orange/Red zone is tested, next is:
Yellow is a weak buy zone
Green is a strong Buy zone

After that it's a bull stampede to heaven
G/U M15 {image}
As mentioned on Friday...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 63 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #360,874
  • Jan 27, 2014 10:14am Jan 27, 2014 10:14am
GU is still bullish, yet im short this
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_002.png Size: 8 KB
All posts are my personal opinion
  • #360,875
  • Jan 27, 2014 10:24am Jan 27, 2014 10:24am
Quoting Davit
With not so stellar home sells instead of cable shooting up like it should it is stalling.Not a good sign if you are a bull realistically who buys homes in Dec when everyone is busy with holidays. added 2 more shorts at 6574
So now US Home Sales IS an important news item...?
Im confused
Come with me if you want to live....
  • #360,876
  • Jan 27, 2014 10:43am Jan 27, 2014 10:43am
Quoting Ill-b-back
{quote} So now US Home Sales IS an important news item...? Im confused
Ha Ha. The morons who pull the strings change the priorities to suit them. What they feed us every day via the mainstream media is designed to fool us all.

Actually they're not morons because they still manage to take money out of the pockets of 95% of retail traders.

So it's begs the question "Who are the morons?". Unfortunately the answer is "Most of us lowly retail traders"

ADD: By the way, the bears are headed right for a big ass trap which they will discover in the next few days. The smart ones will be looking to take profit and start buying on the next leg down. The no so smart ones will load up more shorts when the folks on CNBC start screaming "SELL SELL....."
Those who say it cannot be done should not interrupt those who are doing it
  • #360,877
  • Jan 27, 2014 10:47am Jan 27, 2014 10:47am
im sitting here jamming my ass off

Inserted Video
  • #360,878
  • Jan 27, 2014 10:58am Jan 27, 2014 10:58am
Quoting PipTrapper
{quote} Ha Ha. The morons who pull the strings change the priorities to suit them. What they feed us every day via the mainstream media is designed to fool us all. Actually they're not morons because they still manage to take money out of the pockets of 95% of retail traders. So it's begs the question "Who are the morons?". Unfortunately the answer is "Most of us lowly retail traders" ADD: By the way, the bears are headed right for a big ass trap which they will discover in the next few days. The smart ones will be looking to take profit and start...
I'm one of the " not so smart" ones then.

Or in your opinion - A moron then...

Whatevs
  • #360,879
  • Jan 27, 2014 11:06am Jan 27, 2014 11:06am
looking at the price behaviour after breaking that 'red line', its typical of bigger move upward . still I prefer to see more downmoves in the next days .
TF D1
Attached Image
Get Rich or Die Tryin
  • #360,880
  • Jan 27, 2014 11:08am Jan 27, 2014 11:08am
Quoting PipTrapper
{quote} Ha Ha. The morons who pull the strings change the priorities to suit them. What they feed us every day via the mainstream media is designed to fool us all. Actually they're not morons because they still manage to take money out of the pockets of 95% of retail traders. So it's begs the question "Who are the morons?". Unfortunately the answer is "Most of us lowly retail traders" ADD: By the way, the bears are headed right for a big ass trap which they will discover in the next few days. The smart ones will be looking to take profit on the...
mortui soli belli finem viderunt
as long as there are markets, people will make predictions about future price levels. bulls and bears... best one can do is to switch of tv and to cancel newspaper-subsription.
fortis fortuna adiuvat
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