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Cable Update (GBPUSD)

  • #363,701
  • Feb 15, 2014 12:14am Feb 15, 2014 12:14am
Hit my TP at 1.6750 for +80 pips. Since the cable is in waters it hasn't tested in recent times, I'd wait for it to form a top, retrace and test it again before taking a position.
The trader IS the holy grail.
  • #363,702
  • Feb 15, 2014 12:21am Feb 15, 2014 12:21am
Quoting taru
Hit my TP at 1.6750 for +80 pips. Since the cable is in waters it hasn't tested in recent times, I'd wait for it to form a top, retrace and test it again before taking a position.
Do you mean buy or sell after testing it?
  • #363,703
  • Feb 15, 2014 12:23am Feb 15, 2014 12:23am
Quoting taru
Hit my TP at 1.6750 for +80 pips. Since the cable is in waters it hasn't tested in recent times, I'd wait for it to form a top, retrace and test it again before taking a position.
smart man.
  • #363,704
  • Feb 15, 2014 1:03am Feb 15, 2014 1:03am
Quoting selym_co
This pair seems to be really aggressive for higher levels. I have a long term road-map ...here ... {image} But for now thre seems to be no obstacle between the price and 1,7330s. This does not mean that we cannot make pips from retracements , but I think bullish opportunities shud have the priority.
Anything is math!
  • #363,705
  • Feb 15, 2014 1:26am Feb 15, 2014 1:26am
Quoting ozboy
when this guy open his mouth GBP may drop like a rock {image}
Carney the Rock droppper!!
i dont see this red bews yesterday, why is it suddenly appeared?
A handful of patience is worth a bushel of brains
  • #363,706
  • Feb 15, 2014 2:03am Feb 15, 2014 2:03am
Quoting trexy123
{quote} Do you mean buy or sell after testing it?
Both. I'll straddle the level whenever it appears.
The trader IS the holy grail.
  • #363,707
  • Feb 15, 2014 2:05am Feb 15, 2014 2:05am
Quoting taru
{quote} Both. I'll straddle the level whenever it appears.
What do you mean by straddle the level?
  • #363,708
  • Feb 15, 2014 2:23am Feb 15, 2014 2:23am
Quoting trexy123
{quote} What do you mean by straddle the level?
Place a BUY STOP and a SELL STOP order (say 20 to 30 pips) above and below the level.
The trader IS the holy grail.
  • #363,709
  • Feb 15, 2014 2:24am Feb 15, 2014 2:24am
Quoting Baggi
{quote} Or it may go up like a rocket.
Normally important news in that kind of overbought pair lead to a small move further upside or to a huge move downwards.
  • #363,710
  • Feb 15, 2014 2:34am Feb 15, 2014 2:34am
Quoting Baggi
{quote} Or it may go up like a rocket.
For further up move, 1.62xx should be visited next. GBP is on steroid couple days already, it's time to get another pills.
May be not much buy order above this level, would price go down to accumulate for another turn?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 101 KB
  • #363,711
  • Feb 15, 2014 2:41am Feb 15, 2014 2:41am
Based on sentiment indicators from various broker i.e. OANDA, Alpari, SaxoBank, Dukascopy all crowds seems to prefer bearish at this time with at least of 10:90 ratio between buyer and sellers. That means 90% seems to prefer going down. So i will take my chances to take what they can do against the big financial constitutions few pips will do i guess although no much but it should harvest something.
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #363,712
  • Feb 15, 2014 2:49am Feb 15, 2014 2:49am
Someone remind me if and when we get to 6888 or so, I may need to start selling...
Come with me if you want to live....
  • #363,713
  • Feb 15, 2014 3:09am Feb 15, 2014 3:09am
Long term chart....

from 1976

Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 67 KB


From 1957....

Attached Image (click to enlarge)
Click to Enlarge Name: 1957 to 2014.png Size: 15 KB
Never test the depth of water with both feet.
  • #363,714
  • Feb 15, 2014 4:16am Feb 15, 2014 4:16am
uk is under water! literally! haha
All posts are my personal opinion
  • #363,715
  • Feb 15, 2014 5:07am Feb 15, 2014 5:07am
Quoting selym_co
This pair seems to be really aggressive for higher levels. I have a long term road-map ...here ... {image} But for now thre seems to be no obstacle between the price and 1,7330s. This does not mean that we cannot make pips from retracements , but I think bullish opportunities shud have the priority.
yep, L/T betting odds now tilted for expansion up to the 1.73~1.74 fibo zone after spending the last 3 months zigzagging above the multi-year mofu TL..
Here's a more visually interesting chart for L/T fibo fans..:nerd:

  1. Post 44,417
  2. Jul 19, 2013 8:56pm | Edited at 10:54pm – dogs & pigs

  1. http://assets.forexfactory.net/nfs/c...ar294966_2.gif

GBPUSD multi-year Lotus Compression..
looking for pigment expansion to upper Lotus petals..
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1374281729

Near term, with the current EURGBP levels attracting good interest from institutions & funds there may be some relief for underwater shorts.. however, retraces may be shallow & short lived should Euro start to catch up & rise with EUR/GBP & Gold in tandem..

Attached Image
  • #363,716
  • Feb 15, 2014 7:22am Feb 15, 2014 7:22am
Quoting ffleo
{quote} cable resistance levels, {image}
What's that indicator called that you've got on the side (the heat map one)? Thanks.
Probability Professor
  • #363,717
  • Feb 15, 2014 2:10pm Feb 15, 2014 2:10pm
Looks like Market profile to me.
  • #363,718
  • Feb 15, 2014 2:58pm Feb 15, 2014 2:58pm
im thinking of not trading next week. There will be so many High impact news
  • #363,719
  • Feb 15, 2014 3:03pm Feb 15, 2014 3:03pm
Quoting Ill-b-back
{quote} I know such a man But he's not one to hold into much drawdown so I doubt he is still in THAT trade.
Alas, young padawan, who is this person you speak of? does he deserve ridicule?
  • #363,720
  • Feb 15, 2014 3:52pm Feb 15, 2014 3:52pm
Quoting ozboy
when this guy open his mouth GBP may drop like a rock {image}
Ozboy,
Thank you for this reminder .......
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