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Cable Update (GBPUSD)

  • #370,941
  • Apr 8, 2014 4:56am Apr 8, 2014 4:56am
Quoting Ill-b-back
Crikey, don't fk with the Pound huh? Just grin and bear it bears, patience, patience, our time will come
if rallies like this happen first think of protecting your equity
  • #370,942
  • Apr 8, 2014 4:57am Apr 8, 2014 4:57am
Quoting giveachance
wtf GBP up 102 pips today on slightly better but volatile data. NZD and AUD up 70 & 80 pips. Looks like drama is done for the day or is it? Can GBP go up 200 pips on 1% IIP.
Hi GC, its like it is going to inch up and hit all the sellers 6715 and do a cable special drop it more than it has moved up, dont let this kid fool you, the gamblers, might stand a good chance , do you know how long we have on the 4 hour candle ??
  • #370,943
  • Apr 8, 2014 4:57am Apr 8, 2014 4:57am
Leaving this shit hole today! Monthly bullish breakout engulfing of a massive level still intact, might be the break some time soon!!!
Note: monthly candles take a shit load time
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All posts are my personal opinion
  • #370,944
  • Apr 8, 2014 4:59am Apr 8, 2014 4:59am
Surely the data in the UK recently doesn't support a further rise? No interest rate hikes anytime soon, softer PMI data and the move today? UK Manufacturing is tiny.
  • #370,945
  • Apr 8, 2014 4:59am Apr 8, 2014 4:59am
Quoting elbert3
{quote} Hi GC, its like it is going to inch up and hit all the sellers 6715 and do a cable special drop it more than it has moved up, dont let this kid fool you, the gamblers, might stand a good chance , do you know how long we have on the 4 hour candle ??
depends timezone US Or Europe. US is closed 1:30 hr back. this move is continuing on 4hr candle now. for me imp level is 6730. we hold that and we go back to 6580 by end of this week
  • #370,946
  • Apr 8, 2014 5:02am Apr 8, 2014 5:02am
i'm not trading GU today/this week, but if I was, I'd just look to buy from the support zone into RES1 and RES2 as per below.
Clearly triangle breakout with such a tall green candle is a bullish/strength sign.

no dilemma here. don't make in too complicated.

just my 2 cents.
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  • #370,947
  • Apr 8, 2014 5:02am Apr 8, 2014 5:02am
Quoting Kajos2250
{quote} GU H4 GMT+3 Wonderful bullish pinbar , ~6760 is comeing Invalidation for both long are fixed form now SL .6543. Good luck! {image}
GU H4 GMT+3

Nice bullish maraubozu
First target reached, left 2 longs at BE...
Target remain .6760 but one long streched to ~6868-6900...

Good luck!
Attached Image (click to enlarge)
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Anything is math!
  • #370,948
  • Apr 8, 2014 5:03am Apr 8, 2014 5:03am
Let the bulls smile,do you allow ???,
Bears love honey ask Nav.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #370,949
  • Apr 8, 2014 5:03am Apr 8, 2014 5:03am
Quoting giveachance
{quote} depends timezone US Or Europe. US is closed 1:30 hr back. this move is continuing on 4hr candle now. for me imp level is 6730. we hold that and we go back to 6580 by end of this week
Attached Image (click to enlarge)
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look how long rsi is over 70 . sell indi just popped up, but that does not mean ,, right now .could pop 6517 then that is is, i am now short dont want to miss it 6710 if it goes
  • #370,950
  • Apr 8, 2014 5:09am Apr 8, 2014 5:09am
Quoting Zircon
Let the bulls smile,do you allow ???, Bears love honey ask Nav.
exactly. I just don't get the bananza about short selling this move. kind of makes more sense to buy the dips now.
  • #370,951
  • Apr 8, 2014 5:11am Apr 8, 2014 5:11am
Trying to defend my casino style. Look at d1 13.03.2014 chart. Its the same with today chart (well atleast the difference between pips is the same). Not sure history is going to be written all over again, or i lost my money at forex casino

Just for fun dude...
row row row your boat
  • #370,952
  • Apr 8, 2014 5:28am Apr 8, 2014 5:28am
ok on the 5 min just hit sellers target see what happens
  • #370,953
  • Apr 8, 2014 5:31am Apr 8, 2014 5:31am
Supports. Levels of 6716, 6717 and 6719.
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
  • #370,954
  • Apr 8, 2014 5:35am Apr 8, 2014 5:35am
Market very short gamma still, meaning its hard to get pullbacks, but first support is VWAP around 1.6670
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  • #370,955
  • Apr 8, 2014 5:36am Apr 8, 2014 5:36am
i get dizzy looking at, your chart. i can't to use my bear claws and snatch those sterling.
  • #370,956
  • Apr 8, 2014 5:37am Apr 8, 2014 5:37am
Quoting godim
Supports. Levels of 6716, 6717 and 6719. {image}
UpTrend is very strong. Look. 6554 to 6716 for two days. This means 162/2 = 81 pips per day. The average speed is 15.25 pips per day. Or now speed is 5.3 times higher. Exactly what is meant by the dotted line.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,957
  • Apr 8, 2014 5:41am Apr 8, 2014 5:41am
Quoting godim
{quote} UpTrend is very strong. Look. 6554 to 6716 for two days. This means 162/2 = 81 pips per day. The average speed is 15.25 pips per day. Or now speed is 5.3 times higher. Exactly what is meant by the dotted line.
I think the bulls will want to drive the price above the 6750 level.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,958
  • Apr 8, 2014 5:42am Apr 8, 2014 5:42am
over valued currency. i mean a 68% premium already caters for any data surprises. interest rate rises are over a year away

theres no value. all value left once it crossed 1.60
  • #370,959
  • Apr 8, 2014 5:47am Apr 8, 2014 5:47am
Quoting godim
{quote} I think the bulls will want to drive the price above the 6750 level.
The dream of the bulls.
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
  • #370,960
  • Apr 8, 2014 5:49am Apr 8, 2014 5:49am
Quoting ruffryders
{quote} exactly. I just don't get the bananza about short selling this move. kind of makes more sense to buy the dips now.

The move will be strong tomorrow, watch the monthly , bulls are facing a gap down, if they are crossing it , it will be strong until the end of the month back stay on it or near it. this could be a warn of continuation higher long term. ??

Bears loves honey, me too i love it .


Trade safe .
If skills could be acquired by watching, every dog would be a butcher. Turk
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