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Cable Update (GBPUSD)

  • #365,321
  • Feb 21, 2014 9:03am Feb 21, 2014 9:03am
buy 711 sl 690
With a good book and quality paper you can fine wipe your ass.
  • #365,322
  • Feb 21, 2014 9:03am Feb 21, 2014 9:03am
There we are now. That's all from my view this week. Hope my post does help some traders and I believe we will have more action on the Cable next week.

Enjoy your weekend guys and Good Luck.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,323
  • Feb 21, 2014 9:06am Feb 21, 2014 9:06am
Quoting chazzle
long here looking for 720 - chart speaks for itself {image}
GU H1

managed to get a few on that last push ... 718 is the retrace mid ...
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.PNG Size: 55 KB
  • #365,324
  • Feb 21, 2014 9:14am Feb 21, 2014 9:14am
Slow and steady wins the race.
There are those who know, and there are those who don't know.
  • #365,325
  • Feb 21, 2014 9:15am Feb 21, 2014 9:15am
Still some bulls ???
Trade safe guys.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #365,326
  • Feb 21, 2014 9:21am Feb 21, 2014 9:21am
Quoting Zircon
Still some bulls ??? Trade safe guys.
its more like bulls on a ventilator lol.. They don't want to go out yet.. and Every shock brings it back only to flat-line again. I've been trading for 13 years, I still find it amazing that their is new people always coming in, and still people trade this. Its mind blowing lol.. Considering how much money is being lost all the time.
There are those who know, and there are those who don't know.
  • #365,327
  • Feb 21, 2014 9:22am Feb 21, 2014 9:22am
Quoting Suffo
buy 711 sl 690
Watch out mate. It didn't create a FULL CANDLE on 1H. It might be a pullback from current down to open and to print for full candle before going further more.

Good Luck.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,328
  • Feb 21, 2014 9:26am Feb 21, 2014 9:26am
just wish me luck
With a good book and quality paper you can fine wipe your ass.
  • #365,329
  • Feb 21, 2014 9:26am Feb 21, 2014 9:26am
4H channel
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4 channel.png Size: 58 KB
There are those who know, and there are those who don't know.
  • #365,330
  • Feb 21, 2014 9:28am Feb 21, 2014 9:28am
I thought the US numbers would be worse with the weather last month to be honest. It will be interesting to see the UK numbers in the next few weeks after all the flooding. Seems to be a lot of shop closures in our city centre so not convinced the recovery is all as fantastic as people have been making out and the numbers have turned a little red recently.
  • #365,331
  • Feb 21, 2014 9:32am Feb 21, 2014 9:32am
Filled in the only gap up. I'm short with some stacked orders expecting a slow retrace back to the 1.66 level. Stop at 6735.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.png Size: 38 KB
  • #365,332
  • Feb 21, 2014 9:40am Feb 21, 2014 9:40am
Quoting ferndog
I'm long. Price above 20, 50 ema & above weekly & monthly pivot. Look for bounces off ema's to get in long if you are not already in. Happy trading
Bounced off the 50ema on the 4hr. My prediction was spot on.
  • #365,333
  • Feb 21, 2014 9:42am Feb 21, 2014 9:42am
Quoting ferndog
{quote} Bounced off the 50ema on the 4hr. My prediction was spot on.
Where is your tp?
  • #365,334
  • Feb 21, 2014 9:47am Feb 21, 2014 9:47am
Quoting trexy123
{quote} Where is your tp?
I usually look for weekly & monthly R or S areas. If there's a lot of news i might aim higher.
  • #365,335
  • Feb 21, 2014 9:47am Feb 21, 2014 9:47am
Quoting palabara
4H channel {image}
  • #365,336
  • Feb 21, 2014 9:47am Feb 21, 2014 9:47am
Quoting ferndog
{quote} Bounced off the 50ema on the 4hr. My prediction was spot on.

I expect it will bounce on 30 actually so the target are 1.666x-7x. This pullback are really actually and seldom to see 3rd bounce on 50. Probably too much larger unusual move last week.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,337
  • Feb 21, 2014 9:48am Feb 21, 2014 9:48am
Quoting ferndog
{quote} Bounced off the 50ema on the 4hr. My prediction was spot on.

I expect it will bounce on 30 actually so the target are 1.666x-7x. This pullback are really big and seldom to see 3rd bounce on 50. Probably too much larger unusual move last week.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,338
  • Feb 21, 2014 9:50am Feb 21, 2014 9:50am
Quoting Maso
{quote}
:nerd:
There are those who know, and there are those who don't know.
  • #365,339
  • Feb 21, 2014 9:50am Feb 21, 2014 9:50am
Putting on last ditch shorts from 1.6720, SL above 1.6740.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
Twitter: @TrendersGame
  • #365,340
  • Feb 21, 2014 9:52am Feb 21, 2014 9:52am
Quoting Citiboy
Putting on last ditch shorts from 1.6720, SL above 1.6740. {image}
I just did the same took another small short.. Should be the last of that.
There are those who know, and there are those who don't know.
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