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Cable Update (GBPUSD)

  • #365,041
  • Feb 20, 2014 10:12am Feb 20, 2014 10:12am
if you think about it although a higher high was made price is within consolidation ,huge res off that high

Quoting Bones
ok way I see it we have friday to create wick or we go for top line as shown by most ,but consider the build up momentum here one not great pin , traveled 250 pips already its false I think , I'm short and a sniff of my fellow bears stepping in ill be adding , ideally as a bear I want to see something solid to know I'm right (d1) range play {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD D1 Spot.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,042
  • Feb 20, 2014 10:12am Feb 20, 2014 10:12am
Quoting Neeraj_Raj
any trade idea pros , I put a buy stop and sell stop at both sides of the current value with a 20 pip profit and 10 pip loss orders. Is that a good idea Lol
thats called MIT (market if touched) and is a good way to get a margin call
  • #365,043
  • Feb 20, 2014 10:22am Feb 20, 2014 10:22am
also bearish formation d1 ? see how day closes

Quoting Bones
if you think about it although a higher high was made price is within consolidation ,huge res off that high {quote} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP AUD D1 Spot.png Size: 29 KB
Click to Enlarge Name: gbp JPY d1 Spot.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,044
  • Feb 20, 2014 10:33am Feb 20, 2014 10:33am
GBP/USD net 500 pips http://klydeiv.blogspot.ca/2014/02/gbpusd.html
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-02-20 at 11.38.03 AM.png Size: 197 KB
  • #365,045
  • Feb 20, 2014 10:37am Feb 20, 2014 10:37am
Quoting Chaits26
Dont understand....US data is weak...stick GBP USD going bearish.....why? Any idea Experts?
Morning everyone.

I'll answer your question, because market has already anticipated and discounted that the data will be bad. The winter here is hard, so it would effect production, so it comes as not a surprise and the market just keeps rolling without stopping to say hey what about this fundamental.
There are those who know, and there are those who don't know.
  • #365,046
  • Feb 20, 2014 10:40am Feb 20, 2014 10:40am
Quoting Suffo
small-sell 664 sl 700 tp 635+
out 650
With a good book and quality paper you can fine wipe your ass.
  • #365,047
  • Feb 20, 2014 10:40am Feb 20, 2014 10:40am
Quoting uksnowman
{quote} I was getting stuck in the noise on hourly chart, thought it may not come back down this deep, but 4h chart reduces the noise and paints a most complete picture. weekly pivot holding - check 50 fib from 12th Feb low holding - check 4h bullish engulfing from demand - check Am I over-biased or what! {image}
...........

Quoting Ken A
Noting Daily close in 23 mins {image} Where's the support?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1 (2).JPG Size: 152 KB
  • #365,048
  • Feb 20, 2014 10:48am Feb 20, 2014 10:48am
Trust worthy I think
Attached Image (click to enlarge)
Click to Enlarge Name: AUD Spot.pngEUR D1.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,049
  • Feb 20, 2014 10:49am Feb 20, 2014 10:49am
fake 4H bull candle. fake fake fake.
  • #365,050
  • Feb 20, 2014 10:51am Feb 20, 2014 10:51am
Quoting Trader88q
fake 4H bull candle. fake fake fake.
whoever said it was real in the first place?
Trade what you see, not what you think!
  • #365,051
  • Feb 20, 2014 10:51am Feb 20, 2014 10:51am
very familiar poster

Quoting petetong
the big bearish 1hr candle a couple of candles back remains ominous and suggests a higher chance of a break down thru that lo than not ? some support there though in this moment ? Best Wishes {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,052
  • Feb 20, 2014 11:03am Feb 20, 2014 11:03am
1.6640 is pesky as hell.
Twitter: @TrendersGame
  • #365,053
  • Feb 20, 2014 11:06am Feb 20, 2014 11:06am
Breaking new ground!
1.66239
  • #365,054
  • Feb 20, 2014 11:07am Feb 20, 2014 11:07am
might start unloading the truck as we are approaching 6600 which looks like the next intraday support level also a 38.2 fib from the daily swing. Am hedging here with some EU longs.
All posts are my personal opinion
  • #365,055
  • Feb 20, 2014 11:08am Feb 20, 2014 11:08am
Quoting Suffo
sell 694 sl 709 tp 635+
out 631
With a good book and quality paper you can fine wipe your ass.
  • #365,056
  • Feb 20, 2014 11:22am Feb 20, 2014 11:22am
eu ,d1
Attached Image (click to enlarge)
Click to Enlarge Name: eur USD d1 Spot.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,057
  • Feb 20, 2014 11:28am Feb 20, 2014 11:28am
Quoting Rtm
might start unloading the truck as we are approaching 6600 which looks like the next intraday support level also a 38.2 fib from the daily swing. Am hedging here with some EU longs.

Looks like a good area indeed. just wish we could get a spike down. Seems like we keep stalling around 1.663x
Twitter: @TrendersGame
  • #365,058
  • Feb 20, 2014 11:29am Feb 20, 2014 11:29am
GU 1H

200sma touch
50 above PA

Becoming more bearish, the R/R ration has switched to the short side with more resistance above than support below...

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 37 KB
  • #365,059
  • Feb 20, 2014 11:31am Feb 20, 2014 11:31am
Quoting Citiboy
{quote} Looks like a good area indeed. just wish we could get a spike down. Seems like we keep stalling around 1.663x
It'll get there
All posts are my personal opinion
  • #365,060
  • Feb 20, 2014 11:36am Feb 20, 2014 11:36am
Buyers are struggling to keep the pair rising. I think we are at critical juncture now. We may now see a break in the pair. The pair is consolidating, as of writing, and I think we will witness at least 80-100 pips move once the pair breaks this range.
So, be careful trading GBPUSD from here.
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