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Cable Update (GBPUSD)

  • #361,461
  • Jan 30, 2014 5:08am Jan 30, 2014 5:08am
Quoting GlobalMacro
Looking to enter long: Placing Orders: Buy Stop Order: 1.6455 S/L : 1.6390 T / P : OPEN

agree
  • #361,462
  • Jan 30, 2014 5:11am Jan 30, 2014 5:11am
1.6475 is broken... so let's see if it holds or not and then decide whether you wanna buy or sell again...
for me I'll just go with the wave... it's bearish market... so I'm selling on 1.6475 with stop loss 1.6505, tp: 1.6400
  • #361,463
  • Jan 30, 2014 5:13am Jan 30, 2014 5:13am
Quoting GlobalMacro
Looking to enter long: Placing Orders: Buy Stop Order: 1.6455 S/L : 1.6390 T / P : OPEN
- 61.8 % retracement
- CP Area

Cable now 1.6456 = BUY STOP ORDER FILLED @ 1.6455:

LONG @ 1.6455


S / L : 1.6390


T / P : OPEN
Hear the music before the song is over ...
  • #361,464
  • Jan 30, 2014 5:18am Jan 30, 2014 5:18am
Quoting GlobalMacro
{quote} - 61.8 % retracement - CP Area Cable now 1.6456 = BUY STOP ORDER FILLED @ 1.6455: LONG @ 1.6455 S / L : 1.6390 T / P : OPEN
Like the setup, should at least get a bounce but I see bears possibly taking over again next 24hr. Next week should be different story though.
  • #361,465
  • Jan 30, 2014 5:18am Jan 30, 2014 5:18am
Quoting Bones
jpy = strong {quote}

This is a politic talk, haha , good my friend

Market is trending low actually , for my side i buy when i feel the candles is saying buy , i trade bull market only.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #361,466
  • Jan 30, 2014 5:18am Jan 30, 2014 5:18am
Quoting Makavell
{quote} Seem like Apari have been shorting their brains off like Davit and they just couldn't wait for real prices to hit sub 1.5000 so they just spiked the fucker!
damn
  • #361,467
  • Jan 30, 2014 5:20am Jan 30, 2014 5:20am
I like this chart, Tony.

We see here 6 months of Higher highs...

Again that's S I X months of HIGHER HIGHS!!!



Quoting Bones
So I think high prob that will be black ,ideally more so {quote} {image}
Hear the music before the song is over ...
  • #361,468
  • Jan 30, 2014 5:21am Jan 30, 2014 5:21am
Quoting Zircon
{quote} This is a politic talk, haha , good my friend Market is trending low actually , for my side i buy when i feel the candles is saying buy , i trade bull market only.
JPY giving good discount these days. January was a shakeout month imho, see where we are in 1-2 weeks, i think market much clearer.
  • #361,469
  • Jan 30, 2014 5:23am Jan 30, 2014 5:23am
Quoting GlobalMacro
I like this chart, Tony. We see here 6 months of Higher highs... Again that's S I X months of HIGHER HIGHS!!! {quote}
I'm with you. I think this 5 year range can give up the same way all the bears are saying this bull TL is giving up.
  • #361,470
  • Jan 30, 2014 5:25am Jan 30, 2014 5:25am
yea I guess ,how about the gbp itself .
Im not fundamental ,but government fuelling housing market to me has produced some good numbers ,
but quickly retracted ,not sure how long that would last



Quoting GlobalMacro
I like this chart, Tony. We see here 6 months of Higher highs... Again that's S I X months of HIGHER HIGHS!!! {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXWeekly 30-01-13.png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,471
  • Jan 30, 2014 5:28am Jan 30, 2014 5:28am
Quoting chazzle
GU H4 probably a bounce here {image}
You got in, Chazz?
Hear the music before the song is over ...
  • #361,472
  • Jan 30, 2014 5:31am Jan 30, 2014 5:31am
Quoting GlobalMacro
{quote} You got in, Chazz?
I'm in but gonna TP if we see 6520 and wait again lower. Would buy again at 6390.
  • #361,473
  • Jan 30, 2014 5:35am Jan 30, 2014 5:35am
Quoting edindzeko
{quote} I'm with you. I think this 5 year range can give up the same way all the bears are saying this bull TL is giving up.
Let's hope so...
Hear the music before the song is over ...
  • #361,474
  • Jan 30, 2014 5:37am Jan 30, 2014 5:37am
Quoting Bones
I like alpari ,tbh there all the same don't trust em
a broker who is not able to provide a stable platform or reliable prices is not worth any customers money.
i donīt believe they are all same: for a listed company the reputation risk is higher than for a non-listed firm.
fortis fortuna adiuvat
  • #361,475
  • Jan 30, 2014 5:41am Jan 30, 2014 5:41am
Quoting GlobalMacro
{quote} Let's hope so...
It can go sidways a bit longer but I think we take a new high in Q1. people wanna be bearish before this high. If cable takes a new high the bears come out again.

Trading reversals works but why be a hero and call top in this market.
  • #361,476
  • Edited 6:23am Jan 30, 2014 5:52am | Edited 6:23am
I like this chart even better.

Let's see what we got here:

- Double bottom confirmed

- parabolic rise of 3080 pips

that's a whopping 12%

- uninterrupted bull market since

get this:

March 2013

Almost a year worth of Higher Highs.

You make my day, Tony.

I love it.....Thanks for posting this chart.



Quoting Bones
yea I guess ,how about the gbp itself . Im not fundamental ,but government fuelling housing market to me has produced some good numbers , but quickly retracted ,not sure how long that would last {quote} {image}
Hear the music before the song is over ...
  • #361,477
  • Jan 30, 2014 5:56am Jan 30, 2014 5:56am
long till 6518 and we wikk see if it is going short again. emas on the hour pointing south we could go to 6400 today
  • #361,478
  • Jan 30, 2014 6:02am Jan 30, 2014 6:02am
Quoting elbert3
long till 6518 and we wikk see if it is going short again. emas on the hour pointing south we could go to 6400 today
Tend to agree, thats about where i close my long.
  • #361,479
  • Jan 30, 2014 6:04am Jan 30, 2014 6:04am
Quoting chazzle
GU H4 probably a bounce here
Quoting Bones
nope
yep

Attached Image (click to enlarge)
Click to Enlarge Name: guh4.PNG Size: 59 KB
  • #361,480
  • Jan 30, 2014 6:05am Jan 30, 2014 6:05am
Quoting GlobalMacro
{quote} You got in, Chazz?
yeah - out now though
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