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Cable Update (GBPUSD)

  • #362,621
  • Feb 9, 2014 3:17pm Feb 9, 2014 3:17pm
Quoting GlobalMacro
{quote} I like your signature....you mean it's a good thing because it's progressive rather than prompt?
Exactly...

Have a nice trading day

regards

PS..Kimi, thanx…finally it works.
The good thing with the future is that it is progressively approaching...
  • #362,622
  • Feb 9, 2014 3:26pm Feb 9, 2014 3:26pm
Quoting spinozagr
{quote} Exactly... Have a nice trading day regards PS..Kimi, thanx…finally it works.
Thank you.

Likewise
Hear the music before the song is over ...
  • #362,623
  • Feb 9, 2014 3:29pm Feb 9, 2014 3:29pm
Quoting spinozagr
{quote} Exactly... Have a nice trading day regards PS..Kimi, thanx…finally it works.
No problem mate, hope its help.

Also thanks to K7420 mate, because just notice helps me to rectified my mistake too.

Best regards.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #362,624
  • Feb 9, 2014 3:32pm Feb 9, 2014 3:32pm
In my opinion we are in an unclear area

Short if it breaks 1,63800
Long if it breaks 1,64200

time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: 74lv.png Size: 147 KB
The good thing with the future is that it is progressively approaching...
  • #362,625
  • Feb 9, 2014 3:44pm Feb 9, 2014 3:44pm
It is not the time to enter yet. It is a bearish correction moovement that we have now on M15 TF. As soon as it is over we enter. We are going to have a bulish break out.
  • #362,626
  • Feb 9, 2014 5:47pm Feb 9, 2014 5:47pm
Waiting for chiku span validation on bullish kumo break out on the M5 TF to enter long. If we do not have it- we stay out.
  • #362,627
  • Feb 9, 2014 7:39pm Feb 9, 2014 7:39pm
Looks like GU wants to rollover maybe hit 6350 then continue for a possible break higher
Attached Image (click to enlarge)
Click to Enlarge Name: Selection_006.png Size: 19 KB
All posts are my personal opinion
  • #362,628
  • Feb 9, 2014 9:10pm Feb 9, 2014 9:10pm
Quoting Zappa
{quote} I was referring to a smart-ass comment he made about EURGBP. But yeah, I'm long GBPUSD from 1.6275 and have added more. This has a long way to go.
Just saw this. I can't believe you thought I bought EG at 8350 on ECB day after it had already moved to the highs and I specifically said we were at channel highs AND i said even a retest of 1641x-1642x in GU doesn't count. For me we need a multi day hold/close in GU above 1.6425 before I will consider us back in somewhat a bullish bias. Unless proven wrong (and could definitely be wrong) for me GBPXXX is doing right shoulder which at this time remains a sensible view.

Long term I do believe in GBP strength but for now the technicals are a bit iffy. I have no qualms about being wrong and getting back long if this most recent GU bearish move is invalidated
  • #362,629
  • Feb 9, 2014 10:52pm Feb 9, 2014 10:52pm
This consolidation is starting to look bad for my short.

I was hoping for a quick 20 pips or so when I went short, but then we legged up again. If we break through this downtrend line we're up against, I'm going to be stopped out.
  • #362,630
  • Feb 9, 2014 10:57pm Feb 9, 2014 10:57pm
Quoting Baggi
This consolidation is starting to look bad for my short. I was hoping for a quick 20 pips or so when I went short, but then we legged up again. If we break through this downtrend line we're up against, I'm going to be stopped out.
I cant seem to make up my mind on this one, I ended up shorting the AUD and NZD instead.
All posts are my personal opinion
  • #362,631
  • Feb 9, 2014 11:00pm Feb 9, 2014 11:00pm
Quoting Rtm
{quote} I cant seem to make up my mind on this one, I ended up shorting the AUD and NZD instead.
Best to wait for london
All posts are my personal opinion
  • #362,632
  • Feb 10, 2014 12:25am Feb 10, 2014 12:25am
Looks like a breakout to the upside.
  • #362,633
  • Feb 10, 2014 12:30am Feb 10, 2014 12:30am
Resistance for me about 1.644
  • #362,634
  • Feb 10, 2014 12:48am Feb 10, 2014 12:48am
Quoting Rtm
{quote} I cant seem to make up my mind on this one, I ended up shorting the AUD and NZD instead.
Good work man , i am almost about to do so !
  • #362,635
  • Feb 10, 2014 12:49am Feb 10, 2014 12:49am
Quoting Beli
Resistance for me about 1.644
I hope it would not break that area , but if does what do u think is the next resistance level ???
  • #362,636
  • Feb 10, 2014 1:00am Feb 10, 2014 1:00am
An area I am watching for signs of rejection
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 25 KB
Click to Enlarge Name: gbpusdh4.png Size: 27 KB
Come with me if you want to live....
  • #362,637
  • Feb 10, 2014 1:01am Feb 10, 2014 1:01am
<p>
Quoting Baggi
Looks like a breakout to the upside.
</p>
<p></p>

Ok, so spoke too soon.
  • #362,638
  • Feb 10, 2014 1:24am Feb 10, 2014 1:24am
Closed my short here with 13 pips profit.

Didn't mean to hold on over the weekend, but things didn't work like I planned. Tomorrow I'll look for a long entry.
  • #362,639
  • Feb 10, 2014 1:26am Feb 10, 2014 1:26am
Hey everybody
Have a great week.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 49 KB
I have seen flying, There is no meaning for crawling
  • #362,640
  • Feb 10, 2014 1:29am Feb 10, 2014 1:29am
Short on 2 positions at 64 but love to add more at 6450 and 65 which is 61.8 fib.
In trading, you have to be defensive and aggressive at the same time
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