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Cable Update (GBPUSD)

  • #371,001
  • Apr 8, 2014 8:42am Apr 8, 2014 8:42am
Ok, was nice seeing you up here GU, now bye bye
  • #371,002
  • Apr 8, 2014 8:42am Apr 8, 2014 8:42am
If this thing isn't dropping than the same faith as flight MH370 awaits me...I won't have a black box with me...
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #371,003
  • Apr 8, 2014 8:44am Apr 8, 2014 8:44am
let's hope price stays that way..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 52 KB
  • #371,004
  • Apr 8, 2014 8:44am Apr 8, 2014 8:44am
Quoting Ill-b-back
{quote} indeed The really messed up thing is I had hedged my in profit 6630 shorts with longs from 6595, then thinking we would continue down, I moved my longs TP to their entry point so I could get out of them if price retraced. Well, she retraced alright
You didn't see the inside bar reversal on the Daily chart yesterday? Where price couldn't get low enough to touch the long term Bullish trend line?

Cable has been a buy since July 2013. There is nothing on the charts that says otherwise. Open a Weekly chart. Every major support level has held for 9 straight months. The Daily Support trend line has held since November. GU went parabolic of the February 5th support test of the prior 3 year resistance at 1.6300 500 pips straight up.

When the trend changes, we'll have a clear signal that it has. Then I'll short this thing to hell. Until then BTFD.
  • #371,005
  • Apr 8, 2014 8:44am Apr 8, 2014 8:44am
According to my charts, this is it for GBP rally today, i expect a retace in GU to 1.67 or max to 1.668
  • #371,006
  • Apr 8, 2014 8:45am Apr 8, 2014 8:45am
Inserted Video
Howlin' at the Moon on the Roof
  • #371,007
  • Apr 8, 2014 9:01am Apr 8, 2014 9:01am
So, data was leaked since morning and now 0.9% makes hardly an impression. Might take up a bit more but that's it.
  • #371,008
  • Apr 8, 2014 9:04am Apr 8, 2014 9:04am
Funny isn't it good UK data 100pip move on cable, good US data nothing .............
  • #371,009
  • Apr 8, 2014 9:12am Apr 8, 2014 9:12am
Where is GDP news? Wasn't it at 16h00?
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #371,010
  • Apr 8, 2014 9:14am Apr 8, 2014 9:14am
Shorted again at 1.674.
  • #371,011
  • Apr 8, 2014 9:17am Apr 8, 2014 9:17am
Quoting InNeedOfHelp
Funny isn't it good UK data 100pip move on cable, good US data nothing .............
somebody said buy rumor sell the fact, it is up to where big money is....
  • #371,012
  • Apr 8, 2014 9:19am Apr 8, 2014 9:19am
Quoting Nocturnes
Where is GDP news? Wasn't it at 16h00?
It was as expected.

Drift to 6770 for the rest of the day. Leap for highs at 6785 and may be even 6820 tomorrow, but likely it is going to be an opportunity to sell.
  • #371,013
  • Apr 8, 2014 9:27am Apr 8, 2014 9:27am
Looks like market front run NIESR gdp est. Looking for a retrace next
  • #371,014
  • Apr 8, 2014 9:27am Apr 8, 2014 9:27am
Good day,

Stepped in to salvage the early short. Nett profit result. Now looking for a short retrace or short scalp on the 1hr for some profit.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 72 KB
  • #371,015
  • Apr 8, 2014 9:28am Apr 8, 2014 9:28am
Quoting grin
{quote} It was as expected. Drift to 6770 for the rest of the day. Leap for highs at 6785 and may be even 6820 tomorrow, but likely it is going to be an opportunity to sell.
i don't think so.. i see possibility about 6750 as top..
  • #371,016
  • Apr 8, 2014 9:32am Apr 8, 2014 9:32am
Still long
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 22 KB
  • #371,017
  • Apr 8, 2014 9:32am Apr 8, 2014 9:32am
Quoting TauTrader
Good day, Stepped in to salvage the early short. Nett profit result. Now looking for a short retrace or short scalp on the 1hr for some profit. Regards {image}

Where do you see support once it drops?
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #371,018
  • Apr 8, 2014 9:37am Apr 8, 2014 9:37am
Quoting Nocturnes
{quote} Where do you see support once it drops?
Sir,

On Daily - 1.6300 area. Posted that chart yesterday. a longer term short is coming. Just have to find the sweet spot. Daily chart is difficult to enter from, as draw down can become substantial. Current movement is evidence.

Trade well

Regards
  • #371,019
  • Apr 8, 2014 9:37am Apr 8, 2014 9:37am
Don't forget Boe in 2 days, cable can reach 1.69 easly so be careful
  • #371,020
  • Apr 8, 2014 9:39am Apr 8, 2014 9:39am
honestly thats not H+S


Quoting JimmyC
Still long {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
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