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Cable Update (GBPUSD)

  • #371,861
  • Apr 15, 2014 4:47am Apr 15, 2014 4:47am
Quoting Luther
{quote} Yes mate, that worked out nicely. Now that we had the support test, if we can close the Daily back above 6740 this bird is going to fly. If Russian tanks start rolling, all bets are off. In the meantime shorts closed and buy order triggered. I hope you made good pips on that one. {quote} {image}
Hi mr. Luther, can I call you Lex?

I am still short, swing trade and 1.6062 is my target.

Cheers mate

Work calls, I got to go.

Have a great pip filled day
Come with me if you want to live....
  • #371,862
  • Apr 15, 2014 5:03am Apr 15, 2014 5:03am
Quoting elbert3
{quote} hi dell did you get profit ,
Yes did thanks E was in at 168 out at 166850 ish the drop move was a bit fast but profit is profit have a long signal but just waiting now think it might sell back a bit then going for a long one .. looks like ur doing good
  • #371,863
  • Apr 15, 2014 5:06am Apr 15, 2014 5:06am
Waiting for a long on the Euro too which i dont think is that far away - so one confirmed long on cable and waiting for Euro
  • #371,864
  • Apr 15, 2014 5:26am Apr 15, 2014 5:26am
Quoting DerekTrotter
Waiting for a long on the Euro too which i dont think is that far away - so one confirmed long on cable and waiting for Euro
nice walk with the dogs cup off tea, and i , see you made some 120 ish pips there good lad ,, yes the move was quick i am glad i made the target 6665, the 61% fib was 6655. ?? with me,?? gone short before i went out, and just gone again inverted hammer 30 min chart at 1.6725 last weeks support sl is big 6755 ?? hope i dont need it so 2 shorts ?? still holding short eurusd target 1376 ish gbj is in the red thou, hope it drops or that will be a lose .. gl
  • #371,865
  • Apr 15, 2014 5:27am Apr 15, 2014 5:27am
Quoting A-speculator
{quote} ok boss.
Argumentatively the H&S has failed... The market has shown its colours and it is reasonable to assume bullish continuation.
The event risks that might alter this view are few... but as always anything can happen.
We're trading not writing new gospels.

GU 4H
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 17 KB


GU Daily (initial analysis)

I have previously pointed to the daily chart and noted the target given by the chart becomes valid if the drawn level holds.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 22 KB


GU daily (confirmation chart)
This now makes todays events interesting

I may suggest that there is an entry opportunity on the 4H view

I'll charge my fire extinguisher.... For the scalpers obviously this doesn't have much bearing

This is more for the EOD and position traders..

Trade safe guys (I remain long)
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily 2.png Size: 19 KB
  • #371,866
  • Apr 15, 2014 5:29am Apr 15, 2014 5:29am
1.7050 is calling .... if you are short and we break the 2009 high .. watch out, a lot of air until 2.00
  • #371,867
  • Apr 15, 2014 5:30am Apr 15, 2014 5:30am
now struggling to make any northbound progress after data react in this moment .....1hr and 4hr charts are below.

best wishes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z4.jpg Size: 62 KB
Click to Enlarge Name: z.jpg Size: 103 KB
it's all gone a bit........
  • #371,868
  • Apr 15, 2014 5:32am Apr 15, 2014 5:32am
Quoting JimmyC
{quote} Argumentatively the H&S has failed... The market has shown its colours and it is reasonable to assume bullish continuation. The event risks that might alter this view are few... but as always anything can happen. We're trading not writing new gospels.
very nice wording
big numbers are our friends...
  • #371,869
  • Apr 15, 2014 6:00am Apr 15, 2014 6:00am
Quoting JimmyC
{quote} Argumentatively the H&S has failed... The market has shown its colours and it is reasonable to assume bullish continuation. The event risks that might alter this view are few... but as always anything can happen. We're trading not writing new gospels. GU 4H {image} GU Daily (initial analysis) I have previously pointed to the daily chart and noted the target given by the chart becomes valid if the drawn level holds. {image} GU daily (confirmation chart) This now makes todays events interesting I may suggest that there is an entry opportunity...
not quite yet bro.. 6725 has seen failure in 1h..
  • #371,870
  • Apr 15, 2014 6:10am Apr 15, 2014 6:10am
Quoting A-speculator
{quote} not quite yet bro.. 6725 has seen failure in 1h..
failure of 1.666 voids the view
  • #371,871
  • Apr 15, 2014 6:12am Apr 15, 2014 6:12am
Quoting JimmyC
{quote} failure of 1.666 voids the view
yes of course.. that's more confirmation to the downtrend.
  • #371,872
  • Apr 15, 2014 7:28am Apr 15, 2014 7:28am
gold broken down 1300, USD getting stronger (?)
  • #371,873
  • Apr 15, 2014 7:52am Apr 15, 2014 7:52am
definitely not for bears yet this cable.. better find opportunity in EJ i think.. GBP shows quite some strength..
  • #371,874
  • Apr 15, 2014 7:54am Apr 15, 2014 7:54am
how come no much move to the downside even with better than expected trade data for USD????
Look to the LEFT of your CHART.....
  • #371,875
  • Apr 15, 2014 7:54am Apr 15, 2014 7:54am
6751 is the bottom of the daily doji ?? lot of green numbers from the us,, careful it does not drop i have put a sell order 6726 6642 target if it goes ??
  • #371,876
  • Apr 15, 2014 7:54am Apr 15, 2014 7:54am
buy buy buy buy buy buy buy buy buy buy buy buy buy buy GBP GBP GBP GBP GBP
  • #371,877
  • Apr 15, 2014 7:56am Apr 15, 2014 7:56am
Quoting samooh
buy buy buy buy buy buy buy buy buy buy buy buy buy buy GBP GBP GBP GBP GBP
not sure about that.....
Look to the LEFT of your CHART.....
  • #371,878
  • Apr 15, 2014 7:56am Apr 15, 2014 7:56am
Quoting samooh
buy buy buy buy buy buy buy buy buy buy buy buy buy buy GBP GBP GBP GBP GBP
Buy at resistance?

I don't think soooo
Come with me if you want to live....
  • #371,879
  • Apr 15, 2014 8:00am Apr 15, 2014 8:00am
Quoting ill-b-back
{quote} buy at resistance? I don't think soooo

all excellent news for us dollar and bad for gbp but always gbp going up (clear manipulation)
  • #371,880
  • Apr 15, 2014 8:02am Apr 15, 2014 8:02am
Im building longs for a visit to new fresh highs. Wait for it,
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