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Cable Update (GBPUSD)

  • #363,221
  • Feb 13, 2014 5:37am Feb 13, 2014 5:37am
http://www.forexfactory.com/attachme...1&d=1392247160 chart i posted last night
  • #363,222
  • Feb 13, 2014 5:44am Feb 13, 2014 5:44am
Quoting elbert3
just take my sell order gbus to 6620 just bring it up ready, profit protector on eurusd is up to 3610 entrry was 3577 , this gb still looks like it can go up
usd data is concerned ....
  • #363,223
  • Feb 13, 2014 5:54am Feb 13, 2014 5:54am
short GU tp 1.6540
  • #363,224
  • Feb 13, 2014 6:12am Feb 13, 2014 6:12am
going to try some shorts at 6637, risk 6649...
Look Sharp/Trade Tight
  • #363,225
  • Feb 13, 2014 6:18am Feb 13, 2014 6:18am
go up 167 take out some stops and when all done go back to 162ishh..

Quoting petetong
Hello thread readers. Usual ego based fun and games taking place in this thread I see (and others) - well there's ego and money at risk it's a lethal combination lol ! Strong follow thru on last week's weekly pinbar candle (big surprise ? lol) and price at today's hi - a follow thru on yesterday's strongly bullish candle...is at that former resistance zone leading to 6668 hi - and at Daily R1 pivot...so there will be very likely be some resistance there as presently being experienced and even higher into it towards 6668 high ?. Much talk about the...
Cannot post chart - I Work full time only analysis with trade details :-)
  • #363,226
  • Feb 13, 2014 6:37am Feb 13, 2014 6:37am
.
Attached Image (click to enlarge)
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  • #363,227
  • Feb 13, 2014 6:50am Feb 13, 2014 6:50am
Quoting poleposition
. {image}
so it will go up again?
  • #363,228
  • Feb 13, 2014 6:58am Feb 13, 2014 6:58am
Should see some movement at 13.30 gmt with news out from US. Looks like its well bid and consolidating at highs. Still some more puking by the Shorts to the upside and probably all the way to 16700s. Take profit and take tomorrow off
  • #363,229
  • Feb 13, 2014 7:02am Feb 13, 2014 7:02am
short 16657
  • #363,230
  • Feb 13, 2014 7:05am Feb 13, 2014 7:05am
Long GU

GU15
Attached Image (click to enlarge)
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  • #363,231
  • Feb 13, 2014 7:07am Feb 13, 2014 7:07am
Quoting PayTheLimit
going to try some shorts at 6637, risk 6649...
-12 that's all they will get from me today....laterz..
Look Sharp/Trade Tight
  • #363,232
  • Feb 13, 2014 7:14am Feb 13, 2014 7:14am
Quoting elbert3
{image} chart i posted last night
I just went short on the gbp/jpy @ 169.79
  • #363,233
  • Feb 13, 2014 7:17am Feb 13, 2014 7:17am
I went short on 1,6650.

expecting it to make a bearish move downwards.
  • #363,234
  • Feb 13, 2014 7:21am Feb 13, 2014 7:21am
This news is definitely going to send price into both directions before going where it wants to go ....
  • #363,235
  • Feb 13, 2014 7:23am Feb 13, 2014 7:23am
Quoting eurusd_trade
{quote} Well good on you for stopping out earlier before 1.6600 printed, so you'll have an opportunity to sell again if we do go straight up to 1.67xx as is a likely outcome, with minimal <.5% retracement Most other people likely won't be so lucky and many will blow their account. we are seeing some token resistance as expected here at 1.6625 and if we flatten out here in Asia we may get some pull back in london session before the possible continuation. A strengthening JPY can inhibit GBP strength as well, so it's not quite so obvious if we flatten...
Ouch guys, so we flattened out and had the small pullback back to 1.6600 on the London open then higher as expected, Now pretty much every single short out there is OTM, and most retail is massively short even at this level. The fun starts above the swing highs set in January above the 1.666x. Obviously you can't buy at resistance here for new longs ,and for shorts you have to see how it pans out if the Jan highs break. Come on guys, you can do better than this.
Let's see what the number brings.
  • #363,236
  • Feb 13, 2014 7:39am Feb 13, 2014 7:39am
Quoting eurusd_trade
{quote} Ouch guys, so we flattened out and had the small pullback back to 1.6600 on the London open then higher as expected, Now pretty much every single short out there is OTM, and most retail is massively short even at this level. The fun starts above the swing highs set in January above the 1.666x. Obviously you can't buy at resistance here for new longs ,and for shorts you have to see how it pans out if the Jan highs break. Come on guys, you can do better than this. Let's see what the number brings.
A bit disappointing, exited longs at high 6x for now, but wouldn't be deceived into shorts. The set up isn't there for that guys, we could consolidate here before grinding higher again into more stops, or it may not. Let's see how it unfolds
  • #363,237
  • Feb 13, 2014 7:39am Feb 13, 2014 7:39am
bah !! no tangible moves , guess it wasnt that much different than what was expected.
  • #363,238
  • Feb 13, 2014 7:49am Feb 13, 2014 7:49am
I think it will fail ,resolve has to be strong market will go further than you think all the time ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #363,239
  • Feb 13, 2014 7:51am Feb 13, 2014 7:51am
Move up to 6673 present hi of day which is above that 6668 former hi - short squeeze / going for the stops / or a sign of things to come ie - higher ?

Best Wishes.
it's all gone a bit........
  • #363,240
  • Feb 13, 2014 7:52am Feb 13, 2014 7:52am
always watch the 1 min who got caught on the break of the first triangle i nearly did infact i was saying to a friend that it would be the right time for a fake
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