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Cable Update (GBPUSD)

  • #363,181
  • Feb 13, 2014 1:04am Feb 13, 2014 1:04am
Quoting Davit
{quote} little Bear movement already....
Go go go go. This one wont be hard. I am just aiming for the 23.6 fib or 6550 whichever we feel like
All posts are my personal opinion
  • #363,182
  • Feb 13, 2014 1:07am Feb 13, 2014 1:07am
Quoting Rtm
{quote} Go go go go. This one wont be hard. I am just aiming for the 23.6 fib or 6550 whichever we feel like
My TP is 6250
6550 should be very doable.
In trading, you have to be defensive and aggressive at the same time
  • #363,183
  • Feb 13, 2014 1:13am Feb 13, 2014 1:13am
My GU short targets at 1.6490
Forex Learner
  • #363,184
  • Feb 13, 2014 1:13am Feb 13, 2014 1:13am
Quoting Davit
{quote} My TP is 6250 6550 should be very doable.
Yeah the topping I am seeing on the daily is sick. I almost got 10 lots in! Normally I trade 4H, or 30min, but this signal should go for a lot more pips due to the timeframe and the strength of the level in which price has hit. Just how long can you hold on?! And is this the sign of bigger longer term breakout to the upside as that is what it looks like to me. Nice man well happy pipin!
All posts are my personal opinion
  • #363,185
  • Feb 13, 2014 1:14am Feb 13, 2014 1:14am
Quoting rkr81
My GU short targets at 1.6490
May the pips be with you
All posts are my personal opinion
  • #363,186
  • Feb 13, 2014 1:25am Feb 13, 2014 1:25am
Quoting rkr81
My GU short targets at 1.6490
hope my short goes well today
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  • #363,187
  • Feb 13, 2014 1:31am Feb 13, 2014 1:31am
Quoting Rtm
{quote} And is this the sign of bigger longer term breakout to the upside as that is what it looks like to me. Nice man well happy pipin!
Without interest rate hike I don't see it plus Yellen did not rule out tapering.I could be proven wrong.MM pushing the market may have different agendas.
To break multi year high requires something solid behind the move.
It still did not surpass last swing high of 1.665 (thus far)and that one looked more powerful then this one.
If you look at the rest of week calendar nothing on UK so its obvious Risk off but plenty on USD Risk on
Regards
In trading, you have to be defensive and aggressive at the same time
  • #363,188
  • Feb 13, 2014 1:32am Feb 13, 2014 1:32am
Quoting rkr81
My GU short targets at 1.6490
Obsolutely as you wish and I wish too...
  • #363,189
  • Feb 13, 2014 1:36am Feb 13, 2014 1:36am
Quoting Davit
{quote} Without interest rate hike I don't see it plus Yellen did not rule out tapering.I could be proven wrong.MM pushing the market may have different agendas. To break multi year high requires something solid behind the move. It still did not surpass last swing high of 1.665 (thus far)and that one looked more powerful then this one. If you look at the rest of week calendar nothing on UK so its obvious Risk off but plenty on USD Risk on Regards
Good point there, and I shall watch closely either this could be just one big bear flag, or the midst of a bumping up move here. Definitely dont want to be buying at this stage thats for sure.
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All posts are my personal opinion
  • #363,190
  • Feb 13, 2014 2:01am Feb 13, 2014 2:01am
Quoting elbert3
morning doji on gbpnz need confirmation to short or could go aggressive sl over the doji,
Risk to reward going short right now isnt worth it
  • #363,191
  • Feb 13, 2014 2:15am Feb 13, 2014 2:15am
might look for shorts up in the 6630/70 area, for a scalp..

or longs on a test of 6510/40...gl today, PTL
Look Sharp/Trade Tight
  • #363,192
  • Feb 13, 2014 2:19am Feb 13, 2014 2:19am
Quoting IveGotQuads
{quote} Risk to reward going short right now isnt worth it
ok i was in early 1991 sl is now on the entry my eurusd 80% off at 1368 from 1.3577 and sell order gbus ,1.6595 that entry will clear 34/55ema 10 sma target down to 200 sma at 1,6505 thats me for today as i have to go out this morning gl
  • #363,193
  • Feb 13, 2014 2:23am Feb 13, 2014 2:23am
rally looks ridiculous. well ahead of itself now. years in fact.
  • #363,194
  • Feb 13, 2014 2:25am Feb 13, 2014 2:25am
Buy Stop Entry Order @ 1.6635

Cable now 1.6632
Hear the music before the song is over ...
  • #363,195
  • Feb 13, 2014 2:28am Feb 13, 2014 2:28am
I took Short here
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  • #363,196
  • Feb 13, 2014 2:35am Feb 13, 2014 2:35am
Quoting GlobalMacro
Buy Stop Entry Order @ 1.6635 Cable now 1.6632
Cable now 1.6636 = BUY STOP ENTRY ORDER FILLED @ 1.6635.

LONG @ 1.6635

S / L : 1.6567

T / P : OPEN
Hear the music before the song is over ...
  • #363,197
  • Feb 13, 2014 2:45am Feb 13, 2014 2:45am
Quoting Zappa
Well, I guess Davit went back to drawing naked people. What a fckn creep. I'm going to bed. See you later guys. Hope you enjoyed the show.
Does trading lead to a hyperfunction of the gallbladder? I'm worried!
Be water, my friend
  • #363,198
  • Feb 13, 2014 2:47am Feb 13, 2014 2:47am
watching 6620 for a clue to short...
Look Sharp/Trade Tight
  • #363,199
  • Feb 13, 2014 3:02am Feb 13, 2014 3:02am
Before reaching the 1.6720-1.6755 area, we have an important test at these levels
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  • #363,200
  • Feb 13, 2014 3:23am Feb 13, 2014 3:23am
when the bubble bursts it could fall a long way.
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