Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#362,101
Feb 4, 2014 5:12pm Feb 4, 2014 5:12pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

its not safe to buy without a break ,trade either way ,break to north will be very bearish (D1)

On-site guru & also FF member's' psychiatrist, when not drinking tea

#362,102
Feb 4, 2014 5:30pm Feb 4, 2014 5:30pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

remember what your buying into heads up its not bullish

Attached Image (click to enlarge)

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Name: gbp USD w1 Spot.png
Size: 18 KB

On-site guru & also FF member's' psychiatrist, when not drinking tea

#362,103
Feb 4, 2014 5:31pm Feb 4, 2014 5:31pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

example

this is false and will faded

Quoting Bones

Disliked

false ? {image}

Ignored

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Size: 20 KB

On-site guru & also FF member's' psychiatrist, when not drinking tea

#362,104
Feb 4, 2014 6:40pm Feb 4, 2014 6:40pm

Baggi
| Joined Sep 2013 | Status: Trader | 786 Posts

We are above a very significant level right now for bulls.

Bones says it's false. He's a bear. Bulls say the bear move was false.

I think we'll know this week, if we push back down and stay down this week, I'll turn bear. But if we stay above this significant level, I'm still bull all the way.

#362,105
Feb 4, 2014 6:42pm Feb 4, 2014 6:42pm

Toranaga
| Joined Dec 2010 | Status: Trader | 1,581 Posts

Quoting snipereye

Disliked

I will go long, 1.64370 tp.

Ignored

Chart ? with lines ??

How to opt out annoying user signatures ??

#362,106
Feb 4, 2014 8:35pm Feb 4, 2014 8:35pm

htsang
| Commercial User | Joined Dec 2013 | 122 Posts

GBPUSD Forecast and Trade Setup at Support and Pivots - 5th Feb, 2014

Daily Chart

http://1.bp.blogspot.com/-JTO9VT4aPu.../GBPUSD+D1.jpg

Hourly Chart

http://1.bp.blogspot.com/-e0rGKAjmWC.../GBPUSD+H4.jpg

We have important BOE Rate decision on Thursday, So its not a trade for the faint hearted. So if its good news, then its good for our long trade. Never the less, i have jump the gun as technically its at a major support area although we are performing lower lows on a daily. At least we could get some sort of retrace if it were to break this support.

Trade safe guys!
Outlook Trade opportunity

See Hourly chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below

Only the strong survives!

#362,107
Feb 4, 2014 9:07pm Feb 4, 2014 9:07pm

pt49
Joined Apr 2006 | Status: Trader | 1,480 Posts

I think you are hoping and dreaming rather than using good logic. The facts are that the USD is getting stronger, and the GBP just can't keep up... 1.61 looks very likely in the near term my opinion.

In the days of old when sailors were bold, and seldom if ever contented.

#362,108
Feb 4, 2014 11:17pm Feb 4, 2014 11:17pm

Pip Anon
Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts

Quoting acidguy

Disliked

{quote} a support lies at 1.6285 area, i just entered some few pips up, sl not hit yet, tp @ 1.6370 . long term im short, i just closed earlier some shorts from 1.66xx area, i think well reach 1.60 soon but it does not go in a straight line down, im trading Price Action now.

Ignored

So far so good, nice call.

When the facts change I change my mind, what do you do sir

#362,109
Feb 5, 2014 12:56am Feb 5, 2014 12:56am

Chanlie
Joined Jan 2014 | Status: Trader | 407 Posts

Quoting pt49

Disliked

I think you are hoping and dreaming rather than using good logic. The facts are that the USD is getting stronger, and the GBP just can't keep up... 1.61 looks very likely in the near term my opinion.

Ignored

Forex as Leverage

#362,110
Feb 5, 2014 2:00am Feb 5, 2014 2:00am

chazzle
Joined Sep 2010 | Status: Trader | 11,327 Posts

Quoting Davit

Disliked

{quote} Listen shmack showing trend on daily weekly hourly etc is not brain science so stop being condescending arse pretending nobody undestands your crap.

Ignored

got your period, Davit?

I like to see stuff like this - better than the usual "... I think it's going up/I think it's going down ..."

#362,111
Feb 5, 2014 2:11am Feb 5, 2014 2:11am

JimmyC
Joined Jun 2013 | Status: Trader | 3,071 Posts

Morning GU!

Services PMI in one hour 20 and some change, this will be the trade of the day very high expectations @ 59.1 60 would cause some excitement and a miss would clear up the bear bull story for today..

G/L

#362,112
Feb 5, 2014 3:19am Feb 5, 2014 3:19am