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Cable Update (GBPUSD)

  • #362,541
  • Feb 7, 2014 8:51am Feb 7, 2014 8:51am
Quoting uksnowman
{quote} 1.6250 is very important, we need to stay above that as the 50% from swing low in Nov. If that is rejected, a bounce opens up 1.642 and possibly 1.655 but need to see a convincing move through the top of those hammers at 1.63x. Daily close below 1.625 is curtains for longs in short term imho but until then I'm looking for bounces. {image}
Finally got through those daily hammers above 1.633 and lit the blue touchpaper. Still targeting 1.642 and hopefully 1.655 but may not make it today. Gotta love a bit of NFP to get the rockets firing!!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu4h7feb2014.png Size: 32 KB
  • #362,542
  • Feb 7, 2014 8:58am Feb 7, 2014 8:58am
my 2x 64 limit short is close to get hit

64 is 38 fib

refer post
http://www.forexfactory.com/showthre...84#post7265984
In trading, you have to be defensive and aggressive at the same time
  • #362,543
  • Feb 7, 2014 9:04am Feb 7, 2014 9:04am
Quoting elbert3
{quote} it begins with a CAPITAL letter you can work it out
gotcha
  • #362,544
  • Feb 7, 2014 9:07am Feb 7, 2014 9:07am
think we can lose 30 pips quickly. euro is still not crossing 1.36. it may get hammered as well
  • #362,545
  • Feb 7, 2014 9:08am Feb 7, 2014 9:08am
Quoting shivam332
{quote} Yeah. I'm all in lol now lets see weather I get Royal flush or SO lol
Yeahhh Royal Flush for me.
Money never sleeps I can hear the dollar calling me
  • #362,546
  • Feb 7, 2014 9:08am Feb 7, 2014 9:08am
I don't think theres a short at this point ,daily is now up
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,547
  • Feb 7, 2014 9:09am Feb 7, 2014 9:09am
Quoting chazzle
{quote} gotcha
lol well done , easy now back to shorting this gb i still think it is a retrace we have not had one since it came off 66, just don't really want it to go to 50% or more
  • #362,548
  • Feb 7, 2014 9:17am Feb 7, 2014 9:17am
Sell Stop Entry Order @ 1.6385

Cable now 1.6389
Hear the music before the song is over ...
  • #362,549
  • Feb 7, 2014 9:17am Feb 7, 2014 9:17am
Quoting Bones
I don't think theres a short at this point ,daily is now up {image}
it is looking that way my mm is now in play i need to 1 sell a short i have profit off 1 that covers 1 and a half positions , lets see whats going on in the next 15 min time frame
  • #362,550
  • Feb 7, 2014 9:19am Feb 7, 2014 9:19am
Quoting chazzle
come on cable - some nice stops over 164
Too right, blew through a few already and got a nice supply zone here just above 1.64 to 1.643 and daily R3 sitting there if we make it that high today.
Attached Image (click to enlarge)
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  • #362,551
  • Feb 7, 2014 9:22am Feb 7, 2014 9:22am
Attached Image (click to enlarge)
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i am hoping this will stop the long move the the emas if not stopped out
  • #362,552
  • Feb 7, 2014 9:23am Feb 7, 2014 9:23am
Quoting Bones
I don't think theres a short at this point ,daily is now up {image}
just posted the chart for you to see, regards
  • #362,553
  • Feb 7, 2014 9:25am Feb 7, 2014 9:25am
Price is finding resistance at the 38.2 fibo level green, line extension minimus two dark blue, and the lower area of the light gray channel
Attached Image (click to enlarge)
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  • #362,554
  • Feb 7, 2014 9:35am Feb 7, 2014 9:35am
Quoting jmss59
Price is finding resistance at the 38.2 fibo level green, line extension minimus two dark blue, and the lower area of the light gray channel {image}
wow that is some charting, lol looks like you the captain of a ship with his map charts ,,, great i will take another look interesting regards
  • #362,555
  • Feb 7, 2014 9:54am Feb 7, 2014 9:54am
<p>
Quoting DailyChart
{quote} Looking good {image}
</p>
<p></p>

as expected,next is @1.6603
  • #362,556
  • Feb 7, 2014 10:03am Feb 7, 2014 10:03am
GU needs to go down now ...
  • #362,557
  • Feb 7, 2014 10:15am Feb 7, 2014 10:15am
Quoting TauTrader
Good day, Pending longs placed Regards {image}
Cant wait for the games to begin Tau. I too would be giving out cash gifts to whoever surpasses my result at the end of the year
  • #362,558
  • Feb 7, 2014 10:47am Feb 7, 2014 10:47am
I don't think so ,see how day closes ,there is no short at this point imo ,

Quoting elbert3
{image} i am hoping this will stop the long move the the emas if not stopped out
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,559
  • Feb 7, 2014 10:48am Feb 7, 2014 10:48am
wow that looks complex ,lol

Quoting jmss59
Price is finding resistance at the 38.2 fibo level green, line extension minimus two dark blue, and the lower area of the light gray channel {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #362,560
  • Feb 7, 2014 10:48am Feb 7, 2014 10:48am
confused .com

Quoting GlobalMacro
Sell Stop Entry Order @ 1.6385 Cable now 1.6389
On-site guru & also FF member's' psychiatrist, when not drinking tea
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