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Cable Update (GBPUSD)

  • #370,121
  • Apr 3, 2014 12:26am Apr 3, 2014 12:26am
Quoting Beli
{quote} Yes...but what's happening...pound take up last week on one good news,after that every news was bad for gbp and good for usd,but before every good news for usd someone try to get pound higher,nvery news 20-30 pips up and that wan't spikes...someone just dont want pound bellow 1.66,think bellow that number even "them" cant defend gbp! Someone has big money stucked somewhere up and hardly trying to get there but fall is just natural.... only my opinion..
We are in agreement then.
Yes, will take a surprise News event to bust 140+ pips north.
I exited my 6528 long yesterday and added to my 3 week old short.
On my chart, technically I still see 1.67-1.6780 as possible.
Just a tech view point, I agree, fundy wise will be tough.
Either way, I think we will end the week below 1.67.
Below 1.66? I'm not convinced yet.
I now never get complacent on this pair, it has surprised enough traders these last 12 months for us all to learn something.
Come with me if you want to live....
  • #370,122
  • Apr 3, 2014 12:49am Apr 3, 2014 12:49am
I just think pound is overvalued currency
  • #370,123
  • Apr 3, 2014 12:54am Apr 3, 2014 12:54am
Quoting Beli
I just think pound is overvalued currency
now that's truely refreshing.
  • #370,124
  • Apr 3, 2014 1:02am Apr 3, 2014 1:02am
Quoting ruffryders
{quote} now that's truely refreshing.
maybe his shorts are so much under water that his account has gone overleveraged.
  • #370,125
  • Apr 3, 2014 1:03am Apr 3, 2014 1:03am
Hold on to your pants! ( thats if you have any on ) cause we gonna have a violent up shoot today!!
  • #370,126
  • Apr 3, 2014 1:19am Apr 3, 2014 1:19am
Hei hei hei...
Today closing around 1.667x and close on weekly 1.675x or something. Any opinion from the pro here?
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #370,127
  • Apr 3, 2014 1:19am Apr 3, 2014 1:19am
Quoting Makavell
Hold on to your pants! ( thats if you have any on ) cause we gonna have a violent up shoot today!!
Wouldn't surprise me my stoned friend, wouldn't surprise me.
Waiting for news
Come with me if you want to live....
  • #370,128
  • Apr 3, 2014 1:44am Apr 3, 2014 1:44am
Quoting godim
{quote} Many times I try to tell you that I work with line. Not with the zone. The line has only one intersection with time. Precise coordinates. {image}
Line with the 6619 level gave support. But the rise should have the support of the line with 6661 level.
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,129
  • Apr 3, 2014 1:53am Apr 3, 2014 1:53am
Quoting godim
{quote} Line with the 6619 level gave support. But the rise should have the support of the line with 6661 level. {image}
I think we should not forget to look for the euro.
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,130
  • Apr 3, 2014 1:57am Apr 3, 2014 1:57am
Quoting godim
{quote} I think we should not forget to look for the euro. {image}
eur/usd M15
Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,131
  • Apr 3, 2014 2:04am Apr 3, 2014 2:04am
here is the scenario i1 orders top or bottom of the range,
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but on the 4 hour it look like it wants to be bearish but could go long ??
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on the 1 hour flat bottom triangle looks like a strong base ??
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the end result, on the day indi pointing up and looks bullish a break 6665 would be the key up to what i said the heiken ashi target for me would be 16820 ish, or then down to 6350 area, or failing the up move on chart 1 short to 6350 . thank you for your attention, today i think we will see the story unfold
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  • #370,132
  • Apr 3, 2014 2:17am Apr 3, 2014 2:17am
Hi everyone..... hope you guys are having a good day. this is my view on gbp usd . according to my chart i think we are still in an uptrend and the main dailys trend isnt over yet. this trend can very well break 1.7 before it dies out. if we get a dailys candle close below 1.65 then surely the channel will get broken but as we can see the price bounced thrice from the support TL so we can assume its going to make a higher high.
Attached Image (click to enlarge)
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  • #370,133
  • Apr 3, 2014 2:25am Apr 3, 2014 2:25am
In the 4h i think price can go down to 1.6580-70 b4 heading up
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  • #370,134
  • Apr 3, 2014 2:26am Apr 3, 2014 2:26am
If i was trading this week, i would of went long at 1.6633, s/l 1.6580, t/p 1.6725. good luck to all, gotta love bahamas
  • #370,135
  • Edited 4:11am Apr 3, 2014 2:29am | Edited 4:11am
more and more data that it want to go above than 1,6724
I want to open long....
  • #370,136
  • Apr 3, 2014 2:40am Apr 3, 2014 2:40am
seems like price already reached the high of the range... now, unleash the bears...

have several positions in aussie since yesterday.. would like to see more downside to this pair.
  • #370,137
  • Apr 3, 2014 2:42am Apr 3, 2014 2:42am
let's see if we can manage to get 1h close as a shooting star.. that would say a lot in near term imho..
  • #370,138
  • Apr 3, 2014 2:46am Apr 3, 2014 2:46am
judging with EG, imho today's move will be dominated by cable.. so hopefully we get to break yesterday's support by today..
  • #370,139
  • Apr 3, 2014 2:50am Apr 3, 2014 2:50am
Quoting A-speculator
seems like price already reached the high of the range... now, unleash the bears... have several positions in aussie since yesterday.. would like to see more downside to this pair.
Patience Daniel Son, news awaits...
Come with me if you want to live....
  • #370,140
  • Apr 3, 2014 2:52am Apr 3, 2014 2:52am
Quoting Ill-b-back
{quote} Patience Daniel Son, news awaits...
whats up bro, how's trading
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