Took a short on GBP @ 1.6770 sl 16800
Cable Update (GBPUSD)
Morning all up early , why the gaps, i have gap in a few pairs, glad i was up early to catch the money,gbnz big gap,, any body got any idea, just goung through my routine back soon,, dell boy missed you whats happening regards E
Morning all up early , why the gaps, i have gap in a few pairs, glad i was up early to catch the money,gbnz big gap,, any body got any idea, just goung through my routine back soon,, dell boy missed you whats happening regards E
- #371,531
- Apr 11, 2014 2:03am Apr 11, 2014 2:03am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
gbp/usd H4
The price broke below the line (6867). Normal movement is the next (below) line (6756). Can be obtained by waiting on this level. It is important for those who have a short position.
eur/usd H4
Price enter the area that I call the "last line of defense." In this area are the possible movements between lines 3878, 3900 and 3933 one or more times. Remains an important breakthrough from the area.
The price broke below the line (6867). Normal movement is the next (below) line (6756). Can be obtained by waiting on this level. It is important for those who have a short position.
eur/usd H4
Price enter the area that I call the "last line of defense." In this area are the possible movements between lines 3878, 3900 and 3933 one or more times. Remains an important breakthrough from the area.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,532
- Apr 11, 2014 2:04am Apr 11, 2014 2:04am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
With US numbers out this afternoon (GMT zone), and nothing else on the calendar for a close to the week, I remain a little reluctant to call any direction for the morning.
This week has seen Cable drive back up to the 1.68 region, and thus performed something of a triple top when looking back through her PA oscillation since 2009.
The Dollar has taken a beating the last few days, and now sits on the 150 FE. (Okay, it’s retraced a touch on a bounce from this level since yesterday, and my precaution is that we may range on Cable and Dollar until the US PPI is released) And yes, I think today’s moves are already prepared for by big money, and that they will be revealed to us later.
And just to prove that I have a crystal ball: if the Dollar falls down below the 150 FE, it will most likely head for the 161.8 FE, and thus help Cable hit the much-discussed 1.69 region. If the Dollar does not, Cable will not. Yeah, you can quote me on this premonition…
Cable Weekly
Cable Daily
FXCM Dollar Daily
This week has seen Cable drive back up to the 1.68 region, and thus performed something of a triple top when looking back through her PA oscillation since 2009.
The Dollar has taken a beating the last few days, and now sits on the 150 FE. (Okay, it’s retraced a touch on a bounce from this level since yesterday, and my precaution is that we may range on Cable and Dollar until the US PPI is released) And yes, I think today’s moves are already prepared for by big money, and that they will be revealed to us later.
And just to prove that I have a crystal ball: if the Dollar falls down below the 150 FE, it will most likely head for the 161.8 FE, and thus help Cable hit the much-discussed 1.69 region. If the Dollar does not, Cable will not. Yeah, you can quote me on this premonition…
Cable Weekly
Cable Daily
FXCM Dollar Daily
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #371,534
- Apr 11, 2014 2:08am Apr 11, 2014 2:08am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
eur/usd M15
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,535
- Apr 11, 2014 2:30am Apr 11, 2014 2:30am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Morning all up early , why the gaps, i have gap in a few pairs, glad i was up early to catch the money,gbnz big gap,, any body got any idea, just goung through my routine back soon,, dell boy missed you whats happening regards E
Ghost Rider - WWTBMD?
- #371,537
- Apr 11, 2014 3:21am Apr 11, 2014 3:21am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
In such cases, I say "no support." The problem is that the support is "pretty" down, according to the bulls. So they not give the price to come down. And there is no strength to break up. Now we wait for the line to hit us below. Or any news to help price to reach support or target.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,539
- Apr 11, 2014 4:06am Apr 11, 2014 4:06am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
