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Cable Update (GBPUSD)

  • #366,001
  • Feb 26, 2014 1:30am Feb 26, 2014 1:30am
Quoting ForexRatVN
{quote} In married term - I married the bull with 2 kids, then divorced with few pips in profit, and currently live with the bear having 3 kids living in difficulty but managable
lol...
I got engaged to the bear, got out with a few pips and now shacked up with a bull....

Living in Australia, I'm also allowed to date different species at the same time, some longer term, some shorter, but keeping them both on the same platform and not letting them find out about one another ain't easy....
Come with me if you want to live....
  • #366,002
  • Feb 26, 2014 1:31am Feb 26, 2014 1:31am
yikes, seems like another bull coming.
news forecasters say fundamentals are said to be in line with consensus, this should rocket fuel to bull run again.
hope the USD fights back to knock down with a iron hammer like they used to back a year ago.
since last year July i haven't seen the USD fight back the GBP aggressively.
indicators are all also shooting for another upside. fak!
  • #366,003
  • Feb 26, 2014 1:35am Feb 26, 2014 1:35am
Quoting shon9178
yikes, seems like another bull coming. news forecasters say fundamentals are said to be in line with consensus, this should rocket fuel to bull run again. hope the USD fights back to knock down with a iron hammer like they used to back a year ago. since last year July i haven't seen the USD fight back the GBP aggressively. indicators are all also shooting for another upside. fak!
just board the bull train with us!
He who knows when he can fight and when he cannot, will be victorious.
  • #366,004
  • Feb 26, 2014 2:03am Feb 26, 2014 2:03am
buying dips to break 720 ...
  • #366,005
  • Feb 26, 2014 2:09am Feb 26, 2014 2:09am
just boarded the bull, hopefully not collides with the bear.
  • #366,006
  • Feb 26, 2014 2:09am Feb 26, 2014 2:09am
I see support on H4 at 1.664 which is a low seen within the last 24 hours. The lack of momentum happens to concern me as the price has drifted too much downwards since Frankfurt open. I think the long term indicators still point upwards but the present malaise could give the bears a chance.
  • #366,007
  • Feb 26, 2014 2:12am Feb 26, 2014 2:12am
Quoting wiseambition
I see support on H4 at 1.664 which is a low seen within the last 24 hours. The lack of momentum happens to concern me as the price has drifted too much downwards since Frankfurt open. I think the long term indicators still point upwards but the present malaise could give the bears a chance.

that support was tested hard yesterday, I dont trust it today, well not enough to trade against it...
Look Sharp/Trade Tight
  • #366,008
  • Feb 26, 2014 2:15am Feb 26, 2014 2:15am
Quoting chazzle
buying dips to break 720 ...
morning i am still in the short from yesterday had a good stop 2 pips away thou,but did not reach the profit target, staying short for me, still not sure about this thing thou, big news today i hoping the winter has had an effect on the numbers, Danska bank had a sell order filled 6725 their target is 6538, that was close to my numbers,but i think it could go to 63 with the right numbers , little sticking point 66660 just need to break that it is on the 200 1 min chart , thats me good luck today E
  • #366,009
  • Feb 26, 2014 2:16am Feb 26, 2014 2:16am
lets put this in perspective.
Bull run was driven by latest data plus Verizon deal which Tues was last date.
Latest data was negative and Verizon is done.
Time for major correction
There is no more incentive for bull run at least next few months.I'll jump in on Bull wagon myself but not until we hit 64-63
Nothing goes straight up.

Not even bringing up the fact EU is stuck at 3740'sh failing to break 3770 which clearly puts a dumper on Bull dreams.
EU breaks 37 floodgates open to 35 and GU 65 even lower
In trading, you have to be defensive and aggressive at the same time
  • #366,010
  • Feb 26, 2014 2:24am Feb 26, 2014 2:24am
reading the res is 6715 that was one of my short entry's, and this is only my thinking and i said it yesterday, it sold of before it could get to 6725 were i think the orders to sell were, so it was bought back to make the sell target ,which it did that is why my sl was just above, and then sold off quickly, ,,, only my thinking ????
  • #366,011
  • Feb 26, 2014 2:27am Feb 26, 2014 2:27am
small-sell 672 sl 709 tp 580+
With a good book and quality paper you can fine wipe your ass.
  • #366,012
  • Feb 26, 2014 2:28am Feb 26, 2014 2:28am
Quoting elbert3
{quote} morning i am still in the short from yesterday ... good luck today E
668 JAN high vs. FEB17 swing high close at 720 which has been tested a few times this week - hopefully weakening the level ,must admit, daily looks a bit shitty though - uptrend still intact .. gl to you too mate
  • #366,013
  • Feb 26, 2014 2:29am Feb 26, 2014 2:29am
Quoting PayTheLimit
if these bastards make it up to 6788, I will take some shorts there...risk 6798..

keeping these working, but at 6789/6799 now...good luck today..
Look Sharp/Trade Tight
  • #366,014
  • Feb 26, 2014 2:43am Feb 26, 2014 2:43am
Quoting Suffo
small-sell 672 sl 709 tp 580+
sounds good to me hope your ok after last week .E
  • #366,015
  • Feb 26, 2014 2:46am Feb 26, 2014 2:46am
THX!
im up from the mental grave
With a good book and quality paper you can fine wipe your ass.
  • #366,016
  • Feb 26, 2014 2:48am Feb 26, 2014 2:48am
Quoting chazzle
{quote} 668 JAN high vs. FEB17 swing high close at 720 which has been tested a few times this week - hopefully weakening the level ,must admit, daily looks a bit shitty though - uptrend still intact .. gl to you too mate
today i think i will be a fib trader lol 1st target should be 6633, something for a change. lol
  • #366,017
  • Feb 26, 2014 2:53am Feb 26, 2014 2:53am
Quoting chazzle
buying dips to break 720 ...
GU H1

taking the quick ones, waiting for pullback
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.PNG Size: 69 KB
  • #366,018
  • Feb 26, 2014 2:54am Feb 26, 2014 2:54am
Quoting elbert3
{quote} morning i am still in the short from yesterday had a good stop 2 pips away thou,but did not reach the profit target, staying short for me, still not sure about this thing thou, big news today i hoping the winter has had an effect on the numbers, Danska bank had a sell order filled 6725 their target is 6538, that was close to my numbers,but i think it could go to 63 with the right numbers , little sticking point 66660 just need to break that it is on the 200 1 min chart , thats me good luck today E
good job!
With a good book and quality paper you can fine wipe your ass.
  • #366,019
  • Feb 26, 2014 3:03am Feb 26, 2014 3:03am
Retail shorts dropped from 75 to 66
Less the better.
Attached Images
In trading, you have to be defensive and aggressive at the same time
  • #366,020
  • Feb 26, 2014 3:09am Feb 26, 2014 3:09am
ok let try short 6690 sl as before 6727 target 6633
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