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Cable Update (GBPUSD)

  • #363,021
  • Feb 12, 2014 6:09am Feb 12, 2014 6:09am
Quoting Bluescalper
{quote} I went short cause i think this is end of retracement
Not sure if it's good idea though. The 61.8 target been hit and the bullish dynamic pressure looks too strong to go short at this moment. Waiting for reverse signal if possible. I had closed my long at 6507, albeit too early considering the level now. wasn't expecting it to go this high. Just my 2 cents worth
  • #363,022
  • Feb 12, 2014 6:10am Feb 12, 2014 6:10am
Quoting GlobalMacro
Looking for a level to buy...
Still waiting ...
Hear the music before the song is over ...
  • #363,023
  • Feb 12, 2014 6:10am Feb 12, 2014 6:10am
h1 kinda pretty tho low tf

Quoting Bones
cable ,I think very close if not high {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD h1 Spot.png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #363,024
  • Feb 12, 2014 6:10am Feb 12, 2014 6:10am
Quoting elbert3
what a morning to have to go out, took profit nzusd and should of went long, sold my 2 shorts for a loss and i had no trades m and look at the moves, i feel robbed but thank good i had some good news this morning, hope you are on the right side well done zappa if you stuck to your longs
making profits out of gbp is getting more and more "eventful".
  • #363,025
  • Feb 12, 2014 6:18am Feb 12, 2014 6:18am
My GbpUsd buy stop was triggered at 1.6480, stop loss at 1.6440, profit target at 1.6540. I took my 3% profit at 1.6540.
  • #363,026
  • Feb 12, 2014 6:24am Feb 12, 2014 6:24am
prolly some support now at 6490/6500...
Look Sharp/Trade Tight
  • #363,027
  • Feb 12, 2014 6:29am Feb 12, 2014 6:29am
Still hold my short positions, SL 6560
  • #363,028
  • Feb 12, 2014 6:30am Feb 12, 2014 6:30am


Quoting PayTheLimit
prolly some support now at 6490/6500...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #363,029
  • Feb 12, 2014 6:32am Feb 12, 2014 6:32am
Quoting airafx
Still hold my short positions, SL 6560
wats ur TP?
  • #363,030
  • Feb 12, 2014 6:34am Feb 12, 2014 6:34am
Hi Guys,

New joiner to this forum, though I have been trading since past few years.
Primarily trade equity indices, started forex as well now.
I work full-time so will not be able to post charts for my sentiments but will place comments and order details as usual
I am bullish for GU both in terms of fundamentals and technical. Looking to buy with any large drop and hold until 300-400 points move.
Equities, I was long from 15450 sold at 16000 for DJIA Target 15450 again!

Ta
Tguru
Cannot post chart - I Work full time only analysis with trade details :-)
  • #363,031
  • Feb 12, 2014 6:42am Feb 12, 2014 6:42am
Quoting iNSIELD
{quote} wats ur TP?
Usually i close manual base on candle formation on H1
  • #363,032
  • Feb 12, 2014 6:44am Feb 12, 2014 6:44am
Quoting chazzle
if we make it back to 508 then a retest of 526 is very likely imo
GU M1

p/o on this - damn 200 in the way
Attached Image (click to enlarge)
Click to Enlarge Name: gum1.PNG Size: 50 KB
  • #363,033
  • Feb 12, 2014 6:44am Feb 12, 2014 6:44am
closed short.

+32pips.

It was actually a scalp
  • #363,034
  • Feb 12, 2014 6:54am Feb 12, 2014 6:54am
GU M1

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: gum1.PNG Size: 51 KB
  • #363,035
  • Feb 12, 2014 6:55am Feb 12, 2014 6:55am
Quoting chazzle
{quote} GU M1 p/o on this - damn 200 in the way {image}
i am on the 15 min and i am going to play small lots long 38 fib ,6514, 50 fib 6506 double the amount and sl below 61 fib 6479 tp open and add more if we get back up to 6537 giving me 3 longs
  • #363,036
  • Feb 12, 2014 6:57am Feb 12, 2014 6:57am
6480 is the high of the 11th and sits on the 61% fib of this mornings move
  • #363,037
  • Feb 12, 2014 7:02am Feb 12, 2014 7:02am
Quoting elbert3
{quote} i am on the 15 min and i am going to play small pips long 38 fib ,6514, 50 fib 6506 double the amount and sl below 61 fib 6479 tp open and add more if we get back up to 6537 giving me 3 longs
ok - yesterdays high at 488 - today's mid (so far) at 492 - today's high could well be in place already as I see it - gl mate
  • #363,038
  • Feb 12, 2014 7:07am Feb 12, 2014 7:07am
Quoting chazzle
{quote} ok - yesterdays high at 488 - today's mid (so far) at 492 - today's high could well be in place already as I see it - gl mate
doji on the eurusd 1 hour chart
  • #363,039
  • Edited 7:33am Feb 12, 2014 7:12am | Edited 7:33am
Quoting acidguy
ive been very bearish gu but right now there is not any reason to short this pair, BOE is talking about tightening vs ECB talking about Negative Rates, Doom for the Euro, Light for the Pound, look like gates to $1.70 are now open.
if ECB implements negative rates, UK will have a very hard time on exports and absorbing current spare capacity. This can lead to deflation and slow growth.

Other reasons to be bearish on gbp:

1) it will take over a year to increase interest rates
2) increase will be marginal and end result lower than that 5% level before crisis
3) interest rate hike will depend on unemployment figures as well as other factors not only employment threshold which remains as it was
4) BOE acknowledged that current employment figures include ex unemployed people now forced into part time roles (weak components)

ECB may in fact raise rates well before BOE despite current negative rates talks.
  • #363,040
  • Feb 12, 2014 7:17am Feb 12, 2014 7:17am
Quoting elbert3
{quote} doji on the eurusd 1 hour chart
EU H1

I'd possibly short a retest of 600 back toward 580/550
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.PNG Size: 42 KB
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