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Cable Update (GBPUSD)

  • #370,301
  • Apr 3, 2014 7:40am Apr 3, 2014 7:40am
Quoting A-speculator
now, why am i seeing fiber will lead the way down.. perhaps, maybe EG almost reached high of its daily consolidation range..
hmmm a brave decission, all red on US news mate, but sometime market reacting opposite to what released
  • #370,302
  • Apr 3, 2014 7:42am Apr 3, 2014 7:42am
Quoting A-speculator
{quote} lol, what a mess in fiber.. wakakakaka..
cleared yesterday's short on fiber and will look to see opportunity to short later this pair.. what a mess.. lol.
  • #370,303
  • Apr 3, 2014 7:46am Apr 3, 2014 7:46am
Last one.
We have made a clear retest of the breakout line and if we break down this week, we could be looking at 6345 area next week.

BUT, (and I've seen this a lot on this old Girl), she has quite a few tricks up her sleeve.

If we fail to break down this week, I will be suspicious of 68 for the other retest and bear washout pump and dump.

Good luck all.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly3.png Size: 37 KB
Come with me if you want to live....
  • #370,304
  • Apr 3, 2014 7:46am Apr 3, 2014 7:46am
Quoting Red Alert
{quote} hmmm a brave decission, all red on US news mate, but sometime market reacting opposite to what released
yeah, EG 4h doesn't show exhaustion, almost closed as exhaustion in 1h but then the news was released.. seems like we might have unsync movement on fiber and cable..

as the time of this writing, seems like what EG saying is true afterall.. lol. damn, i'm being played by fiber, managed to get just 30pips out of it...
  • #370,305
  • Apr 3, 2014 7:50am Apr 3, 2014 7:50am
Quoting Red Alert
{quote} hmmm a brave decission, all red on US news mate, but sometime market reacting opposite to what released
Hmmm, thanks for bringing that to my attention Red, I had forgotten about US news today

How "convenient" the sudden change in US tone eh.....
Come with me if you want to live....
  • #370,306
  • Apr 3, 2014 7:53am Apr 3, 2014 7:53am
Quoting Ill-b-back
Last one. We have made a clear retest of the breakout line and if we break down this week, we could be looking at 6345 area next week. BUT, (and I've seen this a lot on this old Girl), she has quite a few tricks up her sleeve. If we fail to break down this week, I will be suspicious of 68 for the other retest and bear washout pump and dump. Good luck all. {image}
Exactly. Agree with this.
  • #370,307
  • Apr 3, 2014 7:54am Apr 3, 2014 7:54am
Quoting Ill-b-back
{quote} Hmmm, thanks for bringing that to my attention Red, I had forgotten about US news today How "convenient" the sudden change in US tone eh.....
it little bit confusing, but may be it will bring cable for retrace a bit to 1.6630 or 1.6645 again, i prefer waiting for a pullback than take a risk buy the news.., good luck mate, better to take some green pips first before loss it ....
  • #370,308
  • Apr 3, 2014 7:57am Apr 3, 2014 7:57am
Quoting Red Alert
{quote} it little bit confusing, but may be it will bring cable for retrace a bit to 1.6630 or 1.6645 again, i prefer waiting for a pullback than take a risk buy the news.., good luck mate, better to take some green pips first before loss it ....
Naah, All The Way May
Come with me if you want to live....
  • #370,309
  • Apr 3, 2014 8:07am Apr 3, 2014 8:07am
the best thing to do with cable is to watch tv on it lol again up and down
  • #370,310
  • Apr 3, 2014 8:10am Apr 3, 2014 8:10am
what about dump and pump better
  • #370,311
  • Apr 3, 2014 8:23am Apr 3, 2014 8:23am
were just on the 50% fib ?? could be a long buy ??
  • #370,312
  • Apr 3, 2014 8:25am Apr 3, 2014 8:25am
If this goes below 1.648 i dont think will long it for a while. Wait and see...
  • #370,313
  • Apr 3, 2014 8:27am Apr 3, 2014 8:27am
Quoting sunny0
If this goes below 1.648 i dont think will long it for a while. Wait and see...
Selling on each rise.
  • #370,314
  • Apr 3, 2014 8:35am Apr 3, 2014 8:35am
nearly 100 pips south today ah?
  • #370,315
  • Apr 3, 2014 8:39am Apr 3, 2014 8:39am
Normally we can expect 6530. I will try buy of 6568. There is strong support. Maybe!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 60 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,316
  • Apr 3, 2014 8:40am Apr 3, 2014 8:40am
Quoting elbert3
nearly 100 pips south today ah?
yeah but still no confirmation price break the 6585 support yet.. hopefully we get to see it by today..
  • #370,317
  • Apr 3, 2014 8:42am Apr 3, 2014 8:42am
Quoting elbert3
nearly 100 pips south today ah?
not possible. It may end above 1.6615-20. this was all due to that stupid mario draghi. I don't see GBP falling below 1.6550 and will long again after services PMI.
  • #370,318
  • Apr 3, 2014 8:44am Apr 3, 2014 8:44am
Quoting giveachance
{quote} not possible. It may end above 1.6615-20. this was all due to that stupid mario draghi. I don't see GBP falling below 1.6550 and will long again after services PMI.
don't catch the falling knives bro.. you might get hurt
  • #370,319
  • Apr 3, 2014 8:45am Apr 3, 2014 8:45am
eur/usd

Possibility to start DownTrend.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 65 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,320
  • Apr 3, 2014 8:46am Apr 3, 2014 8:46am
Quoting giveachance
{quote} not possible. It may end above 1.6615-20. this was all due to that stupid mario draghi. I don't see GBP falling below 1.6550 and will long again after services PMI.
yes i was just going to post hat GC i have gone on the fib risky big lot for 15 pips the 90% off sl asap
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