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Cable Update (GBPUSD)

  • #367,861
  • Mar 11, 2014 4:46am Mar 11, 2014 4:46am
Must be a slow position to buy one would imagine after the news. so bough at 166.200 so we see at the end of the day i guess, still working on getting the feel for this but nice to read other traders great posts, most helpful thank you.
  • #367,862
  • Mar 11, 2014 4:47am Mar 11, 2014 4:47am
Quoting nAVIN2007
{quote} its a great book i enjoyed it very much ..highly entertaining read! Id love to give feedback on amazon but the damn thing is asking me for a phone number i never bloody used b4
Thanks for the endorsement/plug. Hopefully a few more members will buy, and subsequently ‘spread the word’… the cost of purchase being less than the spreads that most people here give to their brokers on one trade.

P.S. And I understand completely your desire not to hand over anymore of your private life to 'big brother' oversight.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #367,863
  • Mar 11, 2014 4:55am Mar 11, 2014 4:55am
Quoting chazzle
anyone got a heads up on news?
seems to be holding the downside - I'm holding for 668
  • #367,864
  • Mar 11, 2014 5:02am Mar 11, 2014 5:02am
Quoting Suffo
sell 624 sl 644
out be
With a good book and quality paper you can fine wipe your ass.
  • #367,865
  • Mar 11, 2014 5:08am Mar 11, 2014 5:08am
Quoting Suffo
{quote} out be
Please, stop posting your move bro, you're spamming this thread.
  • #367,866
  • Mar 11, 2014 5:12am Mar 11, 2014 5:12am
really-with what?
...no problem!
With a good book and quality paper you can fine wipe your ass.
  • #367,867
  • Mar 11, 2014 5:14am Mar 11, 2014 5:14am
Quoting capetown
{quote} Hey.. How are You?? You asked me if I am from SA?? I am not from Capetown even I may say that I visited place twice, love it, it is amazing planet place..I loved wine, mountains, sharks, people it was great experience.....I recommend everyone to see that city.. I live in Slovakia. A small village near capital where my neigbors know about me then I know ( actually better then alarm in house ), they love to know everything.. happy, OK just trading is a new job for me..back after several years.. I took 6628 short but I close it be4 news...I...
i will be moving there, thanks for the info
  • #367,868
  • Mar 11, 2014 5:21am Mar 11, 2014 5:21am
Guys, what can you tell me about forecast like this? How do you think?

Main scenario of currency pair movement
The pair continues its movement within its corridor, Tenkan and Kijun lines are bound above the price, after breaking through the cloud the price has considerably decreased, for today the further movement in the descending trend is expected. One should sell the pair from the 1,6649 resistance level, set take profit at the 1,6611, 1,6564, 1,6545 support levels.
Alternative scenario of currency pair movement
In case if the pair breaks through and gets fixed above the 1,6649 resistance level, the ascending movement till the following levels 1,6689, 1,6705 is possible.
LEVELS
Resistance:1,6649;1,6689; 1,6705.
Support:1,6611; 1,6564; 1,6545.
  • #367,869
  • Mar 11, 2014 5:21am Mar 11, 2014 5:21am
sell 632 sl 646
With a good book and quality paper you can fine wipe your ass.
  • #367,870
  • Mar 11, 2014 5:35am Mar 11, 2014 5:35am
Quoting MichaelSmith
Guys, what can you tell me about forecast like this? How do you think? Main scenario of currency pair movement The pair continues its movement within its corridor, Tenkan and Kijun lines are bound above the price, after breaking through the cloud the price has considerably decreased, for today the further movement in the descending trend is expected. One should sell the pair from the 1,6649 resistance level, set take profit at the 1,6611, 1,6564, 1,6545 support levels. Alternative scenario of currency pair movement In case if the pair breaks through...
What do I think? This is a typical forecast. Taking recent highs and lows as resistance and support, then saying if price moves out of those confines then think to go long or short accordingly. Such breakouts can be quite powerful. I don't know when the report was written but I can broadly agree with the levels mentioned. All you need to do is add fractal indicator (in the mt4/Bill Williams indicator area) or another similar signal eg support and resistance (Barry) or Aims Box if you're a member of itradeaims which works on this principle. Then you can write your own report and make your own plan from your charts
  • #367,871
  • Mar 11, 2014 5:50am Mar 11, 2014 5:50am
could be getting ready to go long one thinks ??????????/
  • #367,872
  • Mar 11, 2014 5:55am Mar 11, 2014 5:55am
short 1.6618. this is going to 1.6585 and below
  • #367,873
  • Mar 11, 2014 5:57am Mar 11, 2014 5:57am
might try a long @ 16600 if it comes quick
Do what's right for you
  • #367,874
  • Mar 11, 2014 5:58am Mar 11, 2014 5:58am
Quoting chazzle
{quote} seems to be holding the downside - I'm holding for 668
ready to punch a cute animal in the face if 616 goes
  • #367,875
  • Mar 11, 2014 5:58am Mar 11, 2014 5:58am
Quoting giveachance
short 1.6618. this is going to 1.6585 and below
I pray all day
With a good book and quality paper you can fine wipe your ass.
  • #367,876
  • Mar 11, 2014 6:02am Mar 11, 2014 6:02am
Quoting Suffo
{quote} I pray all day
well I am hopeful. the moment it break 1.6617 I went short. it can rebound still but will be sold into.
  • #367,877
  • Mar 11, 2014 6:08am Mar 11, 2014 6:08am
Quoting Suffo
sell 632 sl 644 tp 580+
out 608
With a good book and quality paper you can fine wipe your ass.
  • #367,878
  • Mar 11, 2014 6:08am Mar 11, 2014 6:08am
Quoting Mr.C
Hi traders. First order today is GBP/USD. Sold the pair @ 1,6630 with SL @ 1,6660. Good luck everyone!
In case of GU going below ~1,6580 I think the pair has a good chance to reach ~1.6311 this month. Possible last stop for my short.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #367,879
  • Mar 11, 2014 6:08am Mar 11, 2014 6:08am
Quoting skyhok
{quote} In a longer term view, the advance from Jul 2013 low looks corrective in a form of a double zigzag. The (a)-(b)-(c) could be the last leg of that advance, possible targets as shown on chart. Appreciate your suggestion. {image}
Oh I see, thanks for the bigger picture A double zigzag count fits nicely, but I'm used to see what you have labeled as "a" and "b" (in purple) as "W" and "X". Anyway, nice count
  • #367,880
  • Mar 11, 2014 6:15am Mar 11, 2014 6:15am
damn you cable...bastards..
Look Sharp/Trade Tight
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