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Cable Update (GBPUSD)

  • #369,481
  • Mar 27, 2014 6:55am Mar 27, 2014 6:55am
Quoting elbert3
{image} could break, into range mode or that 6640 could be res and a sell off. i am trying short big lot sl on the 6640 us news 12.30 could re balance it back down ???? thats it i am off to buy the beer
pulled that does not look like it wants to retrace long again to next support,6656
  • #369,482
  • Mar 27, 2014 6:56am Mar 27, 2014 6:56am
Quoting bilalkhan007
am too worry...! i have sell on 1.6512 and 1.6550. any body help me please what i will have to do. :-(
I do not know your circumstances, your account size, your trades size. What I have learnt from situations like this is to worry when I enter a trade. Learn it, too. Consider all possible outcomes and have a plan to cope with them before you enter a trade. You then don't need any help as you will do what you had planned.

I have a sell at 1.63865. I wait patiently for it to come good :^)

gl - karel
  • #369,483
  • Mar 27, 2014 7:02am Mar 27, 2014 7:02am
Attached Image (click to enlarge)
Click to Enlarge Name: q.png Size: 98 KB
looks like it is on the move up ???
  • #369,484
  • Mar 27, 2014 7:03am Mar 27, 2014 7:03am
Quoting karelk
{quote} I do not know your circumstances, your account size, your trades size. What I have learnt from situations like this is to worry when I enter a trade. Learn it, too. Consider all possible outcomes and have a plan to cope with them before you enter a trade. You then don't need any help as you will do what you had planned. I have a sell at 1.63865. I wait patiently for it to come good :^) gl - karel
your doing well on the demo olyimpics .may i say regards E
  • #369,485
  • Mar 27, 2014 7:17am Mar 27, 2014 7:17am
Quoting godim
{quote} H1 {image}
godim whats it looking like we just hit the high again i have took profit no trade now with the news coming out
  • #369,486
  • Mar 27, 2014 7:26am Mar 27, 2014 7:26am
Cant see any resistance until 16600 on the daily
  • #369,487
  • Mar 27, 2014 7:28am Mar 27, 2014 7:28am
Hope we get some good news for the USD
  • #369,488
  • Mar 27, 2014 7:32am Mar 27, 2014 7:32am
Should carry on after short pullback can see 16700
  • #369,489
  • Mar 27, 2014 7:38am Mar 27, 2014 7:38am
Quoting elbert3
{quote} godim whats it looking like we just hit the high again i have took profit no trade now with the news coming out
In the remaining hour and a half the resistance is 6644. Then 6654.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 61 KB


The normal is the price to check the resistance.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,490
  • Mar 27, 2014 7:41am Mar 27, 2014 7:41am
USD positive but no movement.
  • #369,491
  • Mar 27, 2014 7:55am Mar 27, 2014 7:55am
resistance levels on daily:
1.6664
1.6695
1.6726
  • #369,492
  • Mar 27, 2014 7:55am Mar 27, 2014 7:55am
Quoting elbert3
{quote} your doing well on the demo olyimpics .may i say regards E
Thank you - but it's only a demo. I would be well pleased if I had that result on my live accounts
  • #369,493
  • Mar 27, 2014 8:10am Mar 27, 2014 8:10am
just a thought
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-27 at 9.09.55 AM.png Size: 89 KB
  • #369,494
  • Mar 27, 2014 8:13am Mar 27, 2014 8:13am
6589 would be good
  • #369,495
  • Mar 27, 2014 8:22am Mar 27, 2014 8:22am
Notice how 'd' overlaps 'a'..... therefore this structure is still corrective.... thus a,b,c,d,e corrective pattern should develop..... FWIW
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-27 at 9.20.15 AM.png Size: 99 KB
  • #369,496
  • Mar 27, 2014 8:22am Mar 27, 2014 8:22am
Quoting needpips
just a thought {image}
would be very nice
  • #369,497
  • Mar 27, 2014 8:23am Mar 27, 2014 8:23am
Quoting needpips
just a thought {image}
Probability of reversal is still below 50%. We need at least another nine pips. This makes 6638 + 9 = 6647?

Attached Image
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,498
  • Mar 27, 2014 8:29am Mar 27, 2014 8:29am
Just looking at structure.... the motive direction is up or long......see attached
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-03-27 at 9.27.53 AM.png Size: 109 KB
  • #369,499
  • Mar 27, 2014 8:43am Mar 27, 2014 8:43am
Quoting squawk
I'm looking for 6640 as the positions to close longs. Scaled in longs short term around the 6500 level but looking to reverse positions long term around the 6640 level once we start showing some bearish action. {image} {image}
A lot of orders went in at 6640. It's proving a hard nut to crack.
  • #369,500
  • Mar 27, 2014 8:47am Mar 27, 2014 8:47am
Quoting needpips
Just looking at structure.... the motive direction is up or long......see attached {image}
Whether this is likely to be repeated?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 98 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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