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Cable Update (GBPUSD)

  • #371,881
  • Apr 15, 2014 8:05am Apr 15, 2014 8:05am
i would be carefull if they pull it up to 6750 ???//
  • #371,882
  • Apr 15, 2014 8:06am Apr 15, 2014 8:06am
GU's trading way above strong support zone 6200-6600, bulls are in control on GU ultimately, suggested trade plan
(looking to get in myself as well). LONG 6820-6840 SL 80 points TP1 6960 TP2 7060.
  • #371,883
  • Apr 15, 2014 8:08am Apr 15, 2014 8:08am
Quoting ruffryders
GU's trading way above strong support zone 6200-6600, bulls are in control on GU ultimately, suggested trade plan (looking to get in myself as well). LONG 6820-6840 SL 80 points TP1 6960 TP2 7060.
two options are up on the table now. Pulls back down to 6620-6640, get's bought, goes to 6780 and then 6960. Option 2 - no pullback, records strong close above 6820-40 and then moves to take out indicated TPs. lets wait and see.
  • #371,884
  • Apr 15, 2014 8:10am Apr 15, 2014 8:10am
eur has not moved usd to strong ??? why it gb going up, lot of buyers in that last 2 hours got to sell some ..to many sellers make what ?????
  • #371,885
  • Apr 15, 2014 8:11am Apr 15, 2014 8:11am
Quoting mikeimas
how come no much move to the downside even with better than expected trade data for USD????
because the candle doesn't read bearish yet.. wait for it bro..
  • #371,886
  • Apr 15, 2014 8:23am Apr 15, 2014 8:23am
Quoting A-speculator
{quote} because the candle doesn't read bearish yet.. wait for it bro..
have a look at the 15 min look like a lot of undecidedness,, last one doji maybe
  • #371,887
  • Apr 15, 2014 8:24am Apr 15, 2014 8:24am
Quoting samooh
{quote} all excellent news for us dollar and bad for gbp but always gbp going up (clear manipulation)
When I get home ill show a chart of what I think is happening.
Come with me if you want to live....
  • #371,888
  • Apr 15, 2014 8:24am Apr 15, 2014 8:24am
Quoting elbert3
{quote} have a look at the 15 min look like a lot of undecidedness,, last one doji maybe
yeah, but 4h & 1h haven't have enough candle to say that the bullish momentum is over..
  • #371,889
  • Apr 15, 2014 8:25am Apr 15, 2014 8:25am
Quoting ruffryders
{quote} two options are up on the table now. Pulls back down to 6620-6640, get's bought, goes to 6780 and then 6960. Option 2 - no pullback, records strong close above 6820-40 and then moves to take out indicated TPs. lets wait and see.
And option 3:
we work our way down to 6060 area over the coming weeks.
Come with me if you want to live....
  • #371,890
  • Apr 15, 2014 8:28am Apr 15, 2014 8:28am
Quoting A-speculator
{quote} yeah, but 4h & 1h haven't have enough candle to say that the bullish momentum is over..
try find other pair(s).. i see EJ can be good for sellers based 1h & 4H.. the 4h seems like test of 50% down move. imho
  • #371,891
  • Apr 15, 2014 8:32am Apr 15, 2014 8:32am
Quoting A-speculator
{quote} yeah, but 4h & 1h haven't have enough candle to say that the bullish momentum is over..
i dont know it just does not read right cant say why ?? may be because , have short position , ??lol wishing lol
  • #371,892
  • Apr 15, 2014 8:32am Apr 15, 2014 8:32am
Quoting Ill-b-back
{quote} And option 3: we work our way down to 6060 area over the coming weeks.
that's gonna be long long time bro.. few weeks and maybe months... you're not a swinger anymore bro, more like a position trader...

I think I'm not that comfortable to swing minus for that long..
  • #371,893
  • Apr 15, 2014 8:33am Apr 15, 2014 8:33am
Quoting Ill-b-back
{quote} And option 3: we work our way down to 6060 area over the coming weeks.
yes if you ignore strong uptrend on daily/weekly, where the trend line was tested more than 6 times, than option 3 is on the table for the select few.

PS: here's one GU short seller.
Attached Image (click to enlarge)
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  • #371,894
  • Apr 15, 2014 8:33am Apr 15, 2014 8:33am
What is keeping GU is EU which is stubbornly holding on to 38
EU break 38=GU break of 67 lower

To push EU down would be hard without Draghi action and not just words.Market anticipates stimuli from ECB
In trading, you have to be defensive and aggressive at the same time
  • #371,895
  • Apr 15, 2014 8:34am Apr 15, 2014 8:34am
Quoting elbert3
{quote} i dont know it just does not read right cant say why ?? may be because , have short position , ??lol wishing lol


find other pairs mate.. if you're bearish.. cable is not good yet.. not with current 4h, maybe tomorrow, maybe friday we will see good setup.
  • #371,896
  • Apr 15, 2014 8:37am Apr 15, 2014 8:37am
Quoting A-speculator
{quote} that's gonna be long long time bro.. few weeks and maybe months... you're not a swinger anymore bro, more like a position trader... I think I'm not that comfortable to swing minus for that long..
I am expecting months
Come with me if you want to live....
  • #371,897
  • Apr 15, 2014 8:39am Apr 15, 2014 8:39am
Quoting ruffryders
{quote} yes if you ignore strong uptrend on daily/weekly, where the trend line was tested more than 6 times, than option 3 is on the table for the select few. PS: here's one GU short seller. {image}
The select few yes
Come with me if you want to live....
  • #371,898
  • Apr 15, 2014 8:41am Apr 15, 2014 8:41am
Quoting Ill-b-back
{quote} The select few yes
Bulls control GU above 6200-6600. You need a clean break below 6200 to strike good with the down move on GU. Until then GUs going higher yet. let's wait and see what gives.
  • #371,899
  • Apr 15, 2014 8:46am Apr 15, 2014 8:46am
short triggered EJ 140.65.. SL just 20 pips..
  • #371,900
  • Apr 15, 2014 8:47am Apr 15, 2014 8:47am
Quoting Davit
What is keeping GU is EU which is stubbornly holding on to 38 EU break 38=GU break of 67 lower To push EU down would be hard without Draghi action and not just words.Market anticipates stimuli from ECB
agree.....patience required here.....
Look to the LEFT of your CHART.....
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