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Cable Update (GBPUSD)

  • #370,721
  • Apr 6, 2014 3:56pm Apr 6, 2014 3:56pm
Quoting Davit
{quote} Hi HDA Good to see you post again.I am flat on GU but building a nice position of shorts on Kiwi basically continuing to sell the rallies. 9350 on Aussie is 1.618 fib projection something to look for on short side for serious correction that could yield 200pips. Regards
@Davit:

Understood

Good luck on all your trades.

I'll be away from FF for a couple months.

Take care everyone

HDA OUT
  • #370,722
  • Apr 6, 2014 4:00pm Apr 6, 2014 4:00pm
there is a tl in this area ,Im thinking most important is how it respected the top red tl on highs ,

Quoting A-speculator
{quote} yeah eu definitely more bearish than gu as i see it.. and i think price might gap & open below the swing price of yours..
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,723
  • Apr 6, 2014 4:04pm Apr 6, 2014 4:04pm
Quoting godim
{quote} Image with the new fan. {image} This enables us to analyze the opening and the first 4 hours. The important level, of course, is 6576. On opening above the 6576 has support. Possibility of the bulls for protection. Will seek to drive the price above 6619. On opening below 6576 there is resistance. Possibility for the bears to attack. Will seek to drive the price below 6555. And to reach 6538 target.
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The price must not pass over 6576.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,724
  • Apr 6, 2014 4:08pm Apr 6, 2014 4:08pm
Quoting godim
{quote} {image} The price must not pass over 6576.
Loss of resistance. It is normal to continue along the line. Good night.

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
  • #370,725
  • Apr 6, 2014 4:09pm Apr 6, 2014 4:09pm
Quoting Bones
there is a tl in this area ,Im thinking most important is how it respected the top red tl on highs , {quote} {image}
i see.. i'm more into on how the price reacts on the 3700 support actually as i see it quite significant if based on weekly..

as price open lower than the price, i think we might see a follow thru..

well, price gap down a bit but not too much.. well, let's see how it's unfolds..
  • #370,726
  • Apr 6, 2014 4:30pm Apr 6, 2014 4:30pm
EU Daily

Bear, moving on wedge targets

Attached Image (click to enlarge)
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GU Daily

break or bounce? Bounce I think...

Attached Image (click to enlarge)
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  • #370,727
  • Apr 6, 2014 4:37pm Apr 6, 2014 4:37pm
Quoting JimmyC
EU Daily Bear, moving on wedge targets {image} GU Daily break or bounce? Bounce I think... {image}
not necessarily i think...

as long as 6580 hold, we're not getting short term retracement.. if that's go, than we might get higher price..

i'm hoping to add some to my positions.. well, at this rate, i guess i have to wait another retracement in the lower area..
  • #370,728
  • Edited 7:29pm Apr 6, 2014 6:53pm | Edited 7:29pm
after further analysis on cable, fibre, swissy and EG, I cleared & reverse my positions.. with tight stop.

On cable and fiber, i'm not sure they gonna move down, seems like critical price has not been violated yet.. on the yen pairs, i am sideline at the moment..

imho, if price gonna break the support, price shouldn't stay too long on the support.. how price reacts on the support shows that price not gonna break it.. anyway, tight SL are in place in case price change its mind.. lol.
  • #370,729
  • Apr 6, 2014 8:21pm Apr 6, 2014 8:21pm
Good analysis and posters in this thread. Very helpful to hear others' views who have real coin on the line. Should be an interesting week for Cable. If it breaks South, I will be looking to add multiple positions for a longer move. If it breaks north, I am in and out.
  • #370,730
  • Apr 6, 2014 11:08pm Apr 6, 2014 11:08pm
looking to trade against 6522 or 6640 this week...
Look Sharp/Trade Tight
  • #370,731
  • Apr 6, 2014 11:33pm Apr 6, 2014 11:33pm
Quoting HDA
{quote} @Davit: Understood Good luck on all your trades. I'll be away from FF for a couple months. Take care everyone HDA OUT
HDA, best of luck for your endeavours! keep it cool.
  • #370,732
  • Apr 6, 2014 11:58pm Apr 6, 2014 11:58pm
Quoting ruffryders
{quote} HDA, best of luck for your endeavours! keep it cool.
Hey R.R try to post yr thred.. cant get on..access denied..?? got to hear u a round again..
  • #370,733
  • Apr 7, 2014 12:21am Apr 7, 2014 12:21am
Quoting danc
{quote} Hey R.R try to post yr thred.. cant get on..access denied..?? got to hear u a round again..
Updated access, you can post now. Let me know. RR.
  • #370,734
  • Apr 7, 2014 1:42am Apr 7, 2014 1:42am
come on cable, let us see 658x..
  • #370,735
  • Apr 7, 2014 2:03am Apr 7, 2014 2:03am
The bulls seems has entered fiber or at least fiber is trading above 1.37.. but cable seems like going no where..

as soon as price managed to break the 6580 resistance, bulls might have interest in this pair.. hope we might see some bullish action on cable today..
  • #370,736
  • Apr 7, 2014 2:18am Apr 7, 2014 2:18am
Quoting A-speculator
The bulls seems has entered fiber or at least fiber is trading above 1.37.. but cable seems like going no where.. as soon as price managed to break the 6580 resistance, bulls might have interest in this pair.. hope we might see some bullish action on cable today..
6580 is a minor resistance based on 15 min.

not supposed to be tough, just a 15 TF.. anyway, in 15 min, cable ranging from 6570-6580... - a great way to waste time trading it..

im more incline and heavier in position on EUR than GBP atm.. this due to euro seems has more interest the market buying it compared to cable - from EG analysis (support reached and rejected)..
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  • #370,737
  • Apr 7, 2014 2:45am Apr 7, 2014 2:45am
Quoting A-speculator
{quote} 6580 is a minor resistance based on 15 min. not supposed to be tough, just a 15 TF.. anyway, in 15 min, cable ranging from 6570-6580... - a great way to waste time trading it.. im more incline and heavier in position on EUR than GBP atm.. this due to euro seems has more interest the market buying it compared to cable - from EG analysis (support reached and rejected).. {image}
No, no. 6580 is already loss of resistance. The level is exactly 6579. We could go into a short position of it. This for the next one hour.
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A little late. Maybe! I had another job.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,738
  • Apr 7, 2014 2:45am Apr 7, 2014 2:45am
Attached Image (click to enlarge)
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looking at shorting today i will be looking to the levels marked
  • #370,739
  • Apr 7, 2014 2:47am Apr 7, 2014 2:47am
Quoting godim
{quote} No, no. 6580 is already loss of resistance. The level is exactly 6579. We could go into a short position of it. This for the next one hour. {image} A little late. Maybe! I had another job.
i'm not interested in shorting cable atm.. just waiting the price to breach 6580 and i will go long from there..
  • #370,740
  • Apr 7, 2014 2:54am Apr 7, 2014 2:54am
Price reached 1.6555 on Friday. I consider update friday's low return rates in the range of 1.6565-1.6600 today.

http://ic.pics.livejournal.com/deas8...298424_900.png
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