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Cable Update (GBPUSD)

  • #364,061
  • Feb 17, 2014 3:54am Feb 17, 2014 3:54am
Quoting Baggi
I keep expecting buyers to come roaring back in at any moment and send this baby to new highs. Then again, Veer2010 has been correct the last three times he posted something like this. {quote} Although I think his target numbers haven't been accurate.
after this candles
  • #364,062
  • Feb 17, 2014 3:57am Feb 17, 2014 3:57am
I can't figure out what is pushing this down, which to me continues to scream bear trap.
  • #364,063
  • Feb 17, 2014 3:58am Feb 17, 2014 3:58am
betting we see 747 again before any more significant drop
  • #364,064
  • Feb 17, 2014 3:58am Feb 17, 2014 3:58am
Quoting Baggi
I can't figure out what is pushing this down, which to me continues to scream bear trap.
waves .......

it's just wave 4....
and we have another push up wave 5....
Journey is more important than destination
  • #364,065
  • Feb 17, 2014 3:59am Feb 17, 2014 3:59am
Quoting Baggi
I can't figure out what is pushing this down, which to me continues to scream bear trap.


I can't figure whai pushed price so high....Britain economy?No way
  • #364,066
  • Feb 17, 2014 3:59am Feb 17, 2014 3:59am
Quoting chazzle
betting we see 747 again before any more significant drop

Ending the day below or above that number will be significant.

Which means we're likely to end the day pretty close to that number just to confuse everyone.

  • #364,067
  • Feb 17, 2014 4:01am Feb 17, 2014 4:01am
Quoting Baggi
I can't figure out what is pushing this down, which to me continues to scream bear trap.
It is not a trap, it is pushing down to 1.667x, only bounces to further higher. It is a Bullish Trap at the moment actually to blown inexperience trader. It will push all the way nicely to 1.667x on this price action.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,068
  • Feb 17, 2014 4:03am Feb 17, 2014 4:03am
longer TF mates, anyone eyeing 6630 or 6500?
  • #364,069
  • Feb 17, 2014 4:03am Feb 17, 2014 4:03am
It's time to get on the train
  • #364,070
  • Feb 17, 2014 4:04am Feb 17, 2014 4:04am
I'm gonna load longs from here and 167 TP 168.7
Journey is more important than destination
  • #364,071
  • Feb 17, 2014 4:05am Feb 17, 2014 4:05am
Quoting Baggi
{quote} Ending the day below or above that number will be significant. Which means we're likely to end the day pretty close to that number just to confuse everyone.
that would fit with monday style PA quite well
  • #364,072
  • Feb 17, 2014 4:07am Feb 17, 2014 4:07am
Quoting Suffo
sell 747 sl 775
out 732
With a good book and quality paper you can fine wipe your ass.
  • #364,073
  • Feb 17, 2014 4:09am Feb 17, 2014 4:09am
buy 733 sl 702
With a good book and quality paper you can fine wipe your ass.
  • #364,074
  • Feb 17, 2014 4:11am Feb 17, 2014 4:11am
Quoting cheater
longer TF mates, anyone eyeing 6630 or 6500?
IMO we dont go down without HH again
Journey is more important than destination
  • #364,075
  • Feb 17, 2014 4:12am Feb 17, 2014 4:12am
I will be happy if the whole pair could push down till 1.667x, only bounces. It fulfill all TF candles retrace and I am expecting this bounce will be very high to 1.687x soon.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,076
  • Feb 17, 2014 4:13am Feb 17, 2014 4:13am
attention, the train is leaving to 1.68ish
  • #364,077
  • Feb 17, 2014 4:15am Feb 17, 2014 4:15am
Quoting kimisiow83
I will be happy if the whole pair could push down till 1.667x, only bounces. It fulfill all TF candles retrace and I am expecting this bounce will be very high to 1.687x soon.
Indeed. We might go there If we can break 167 otherwise pull back is over. TP 1.687
Journey is more important than destination
  • #364,078
  • Feb 17, 2014 4:16am Feb 17, 2014 4:16am
Quoting ozboy
attention, the train is leaving to 1.68ish
I think it is too early now at the moment to go 1.68. We will go there, but not so soon.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,079
  • Feb 17, 2014 4:18am Feb 17, 2014 4:18am
Quoting traderbola
{quote} Indeed. We might go there If we can break 167 otherwise pull back is over. TP 1.687
It will be great to pullback till 1.667x area. This means the whole trend will be greater than bouncing from here. Could go even further than 1.687 if it works. It won't go far if it start to bounce from here.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,080
  • Feb 17, 2014 4:18am Feb 17, 2014 4:18am
Quoting ozboy
attention, the train is leaving to 1.68ish
Ok, it looks like the retracement has reached its target. 1,67 looks very resilient. Waiting for further development with very small buy.
Fix up, trade sharp ...
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