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Cable Update (GBPUSD)

  • #362,961
  • Feb 11, 2014 11:41pm Feb 11, 2014 11:41pm
multiple levels of support gbpusd
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  • #362,962
  • Feb 11, 2014 11:45pm Feb 11, 2014 11:45pm
Quoting chazzle
GU M15 ... just jumped on when I saw it moving ... see if it can make it back to 424 {image}
well done your like me 4 hours sleep i could nnot wait to see the result of the nzusd ad we were both right the move you took this morning was 61% pull back i sold too right on the nose, will post the nz chart
  • #362,963
  • Feb 11, 2014 11:45pm Feb 11, 2014 11:45pm
Quoting Greener
{quote} That is my strategy now as drop, if any, may be nasty. Carney is going to lower his guidance to stick with low interest rates almost certainly.
agree specially After Yellen testimony.Why be the black sheep among countries actively trying to lower their currencies.
6250 here we come
In trading, you have to be defensive and aggressive at the same time
  • #362,964
  • Feb 11, 2014 11:50pm Feb 11, 2014 11:50pm
up today?

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Come with me if you want to live....
  • #362,965
  • Feb 11, 2014 11:51pm Feb 11, 2014 11:51pm
Only +15 pips on this fall....
Better then nothing...
  • #362,966
  • Feb 11, 2014 11:51pm Feb 11, 2014 11:51pm
YES! Up Now...

Quoting Ill-b-back
up? {image}
SPC * Swollen PocketZ Crew!
  • #362,967
  • Feb 11, 2014 11:53pm Feb 11, 2014 11:53pm
GU15
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  • #362,968
  • Feb 11, 2014 11:53pm Feb 11, 2014 11:53pm
Quoting chazzle
GU M15 ... just jumped on when I saw it moving ... see if it can make it back to 424 {image}
Attached Image (click to enlarge)
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before
Attached Image (click to enlarge)
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after i hope you took the move as you posted the fall, i am just going to take the profit as i have to go out for a while gl today you have made some good calls
  • #362,969
  • Feb 11, 2014 11:54pm Feb 11, 2014 11:54pm
Quoting chazzle
GU M15 ... just jumped on when I saw it moving ... see if it can make it back to 424 {image}

reloading ...
  • #362,970
  • Feb 11, 2014 11:55pm Feb 11, 2014 11:55pm
Quoting elbert3
i hope you took the move as you posted the fall, i am just going to take the profit as i have to go out for a while gl today you have made some good calls
thanks mate - have a good day
  • #362,971
  • Feb 12, 2014 12:37am Feb 12, 2014 12:37am
Quoting chazzle
{quote} thanks mate - have a good day
volumes on drop were pretty high, higher than the following uprise...I am still bear biased until Carney's speech
  • #362,972
  • Feb 12, 2014 12:37am Feb 12, 2014 12:37am
Cable bulls are voracious.
Hear the music before the song is over ...
  • #362,973
  • Feb 12, 2014 12:43am Feb 12, 2014 12:43am
Quoting Greener
{quote} volumes on drop were pretty high, higher than the following uprise...I am still bear biased until Carney's speech
And my bias is going on even after Carney's speech...
1.60 is 1st expected level, then 1.57 would be the next one in the end of this month
Good day all
  • #362,974
  • Feb 12, 2014 12:43am Feb 12, 2014 12:43am
Quoting Greener
{quote} volumes on drop were pretty high, higher than the following uprise...I am still bear biased until Carney's speech
bear until 460s - gl
  • #362,975
  • Feb 12, 2014 12:46am Feb 12, 2014 12:46am
Looking for a level to buy...
Hear the music before the song is over ...
  • #362,976
  • Feb 12, 2014 12:47am Feb 12, 2014 12:47am
Hi All,

Why do you think it's bearish?When Carney hawkish pound rise,when Carney dovish rise again.
  • #362,977
  • Feb 12, 2014 1:06am Feb 12, 2014 1:06am
Quoting gstup
Hi All, Why do you think it's bearish?When Carney hawkish pound rise,when Carney dovish rise again.
I think those that are long term bearish are reading it all wrong (on what is known so far - it could change sure!) both fundamentally and technically. I won't repeat why again fundamentally - I have done so here a few times before.....quicker to show technically...upside break of monthly triangle, pullback to top of it where so far it has found support...look at last year's yearly candle - a pinbar....yes still inside a monthly/weekly range but signs point to higher and probably some where between the 161.8 and 261.8% of the a-b move shown ? And in all of these - yes there will be pullbacks on all t/f's - some pronounced...but in all cases so far off 4811 last year's low they have been bought.

Best Wishes.
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it's all gone a bit........
  • #362,978
  • Feb 12, 2014 1:37am Feb 12, 2014 1:37am
6668-6250 is clearly the immediate battleground...weekly chart shows it well...competing buyers and sellers...for the bulls it might prove a hard obstacle to overcome.

Best Wishes.
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it's all gone a bit........
  • #362,979
  • Feb 12, 2014 1:45am Feb 12, 2014 1:45am
Quoting GlobalMacro
Looking for a level to buy...
Nothing done. Waiting...
Hear the music before the song is over ...
  • #362,980
  • Feb 12, 2014 1:46am Feb 12, 2014 1:46am
nice charts ,only thinking lower rising tl of that triangle if indeed it is needs to be confirmed weak right now , last year the more obveous steeper one was taken (not shown on your chart)


Quoting petetong
{quote} I think those that are long term bearish are reading it all wrong (on what is known so far - it could change sure!) both fundamentally and technically. I won't repeat why again fundamentally - I have done so here a few times before.....quicker to show technically...upside break of monthly triangle, pullback to top of it where so far it has found support...look at last year's yearly candle - a pinbar....yes still inside a monthly/weekly range but signs point to higher and probably some where between the 161.8 and 261.8% of the a-b move shown...
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