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Cable Update (GBPUSD)

  • #361,041
  • Jan 28, 2014 3:57am Jan 28, 2014 3:57am
nice bounce on news - 630 ahead imo
  • #361,042
  • Jan 28, 2014 3:58am Jan 28, 2014 3:58am
When you look at the difference between the tops of last week and this week sure indication that below 6558 i would be waiting to dive down 642X. Lets see how pa goes next 4hrs
Keep the Lights on then you can catch the rise from the dark.
  • #361,043
  • Jan 28, 2014 3:59am Jan 28, 2014 3:59am
Quoting IveGotQuads
{quote} If you shorting geppy right now thats a very nice risk to reward ratio maybe 3 to 1 with an adjusted 30 pip stop loss

Hi IGO
Not shorting any Yen pairs.I don't trade Yen at all.I don't like dramatic volatility that often comes with yen pairs specially rather unpredictable G/J
I trade mostly 4 Pairs GU,EU,U/CHF, UC
When I am building a position with 12-15 orders its equivalent of trading many multiple pairs but I prefer focusing on select small group.This way I can understand the movements better.

Pound Trader is maybe breaking his PC now

Regards
In trading, you have to be defensive and aggressive at the same time
  • #361,044
  • Jan 28, 2014 3:59am Jan 28, 2014 3:59am
2014.01.28 11:57:08 uk finance minister osborne - q4 gdp data show recovery is broadly based, greatest risk would be to abandon economic plan
:d
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #361,045
  • Jan 28, 2014 4:00am Jan 28, 2014 4:00am
Quoting Davit
{quote} Hi IGO Not shorting any Yen pairs.I don't trade Yen at all.I don't like dramatic volatility that often comes yen pairs specially rather unpredictable G/J
GBP/NZD going for gold
  • #361,046
  • Jan 28, 2014 4:01am Jan 28, 2014 4:01am
Quoting chazzle
nice bounce on news - 630 ahead imo

1.6630 or 1.630? lol
  • #361,047
  • Jan 28, 2014 4:02am Jan 28, 2014 4:02am
Quoting Davit
{quote} My guppy showing some firm down moves on 5min.Cleared all slow MA's Guppy power!
I have maintained for some weeks now that Cable appears to be attracted to that 61.8 FE. One could argue that she is slowly moving north of this, albeit at such a tentative pace that the term 'snail's pace' does not quite capture the lack of long-term action.

I still think that, based upon the longer timeframes, Cable is in an uptrend, but is awaiting some news that perhaps big money is aware of, but cannot admit to via PA as seen on our charts.

Of course, my track record of presupposition is pathetic, so I would advise due diligence when reading my guff.
Attached Image(s) (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,048
  • Jan 28, 2014 4:04am Jan 28, 2014 4:04am
OK. No good setups for trading.
Staying out....

G/L All.
Hear the music before the song is over ...
  • #361,049
  • Jan 28, 2014 4:05am Jan 28, 2014 4:05am
1.660 and 1.655 the important levels. The fractal structure supports fill in of pin bar.
  • #361,050
  • Jan 28, 2014 4:06am Jan 28, 2014 4:06am
Quoting iNSIELD
{quote} GBP/NZD going for gold
thanks for bringing it to attention, unfortunately im already in Gbp/jpy. So sick besides if you need a 30 pip SL for geppy , you probably need to make it 40 for gbp/nzd
  • #361,051
  • Jan 28, 2014 4:07am Jan 28, 2014 4:07am
Yes Sir!Keep it coming all the way to 64
In trading, you have to be defensive and aggressive at the same time
  • #361,052
  • Jan 28, 2014 4:08am Jan 28, 2014 4:08am
Quoting ffleo
a bunch of stupid tight stops got triggered for it to go above 6588. It will go up more. {image}
it got below 6588 again? shit, bulls lost balls
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,053
  • Jan 28, 2014 4:09am Jan 28, 2014 4:09am
Quoting chazzle
nice bounce on news - 630 ahead imo
bastards - that's all I'm going to say ...
  • #361,054
  • Jan 28, 2014 4:09am Jan 28, 2014 4:09am
Quoting ffleo
{quote} it got below 6588 again? shit, bulls lost balls
when it gets below 6474, bulls will lose all balls.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,055
  • Jan 28, 2014 4:10am Jan 28, 2014 4:10am
-80 pips converted to 2 pips profit and left this pair. it is shit
  • #361,056
  • Jan 28, 2014 4:10am Jan 28, 2014 4:10am
Quoting Davit
{quote} Hi Erebus Based on your chart you are already in profit thus why not move your SL to protect some profits and let the trade go as far it will?Your SL is below your entry. One of the cardinal Don't in trading is turning a winner into a loser.Breaking even after 100pips is what I don't understand.Allowing profit to dwindle to BE is also a loss in terms of time invested and effort. Regards
I watch the news release and that is where I am right now, not looking too good, but nothing will be lost
It takes a lot for me to IGNORE you, but you can try.
  • #361,057
  • Jan 28, 2014 4:11am Jan 28, 2014 4:11am
Quoting chazzle
{quote} bastards - that's all I'm going to say ...
why bastards? bulls and bears are still in play. with this pair anything can happen
  • #361,058
  • Jan 28, 2014 4:11am Jan 28, 2014 4:11am
euro also dropping. good nite
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #361,059
  • Jan 28, 2014 4:14am Jan 28, 2014 4:14am
looks like it will find support at 1.6520 , 0.7 not exactly a bad data but market might go 1.6485
  • #361,060
  • Jan 28, 2014 4:15am Jan 28, 2014 4:15am
pulled my sl just below 6530 itcould hit this then up she goes could be a good chance to go long
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