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Cable Update (GBPUSD)

  • #372,081
  • Apr 16, 2014 6:16am Apr 16, 2014 6:16am
Quoting Ill-b-back
{quote} I said roughly, not always. The fact that we have been firmly bullish since September last year, and are now at strong resistance only reinforces my case for a decent quarterly retrace (in my mind anyway).
That's cool, I was just interested. It will be interesting to see if we do get a retrace or break the 820 - reminds me of it bouncing off the 250 a number of times last year.
  • #372,082
  • Apr 16, 2014 6:29am Apr 16, 2014 6:29am
Quoting Trader88q
{quote} i know why u opened short cause it was 61% fibonachi level retraced from 6820. fibonachi works 50/50. in order to make good call we need to not blindlly look to tech analysis tools but look what is under all that picture.
That is all I needed to hear from you as a trader. The attitude and emotions in first post and your knowledge in this one. Seems that you know "a lot", lol.

Good luck to you!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #372,083
  • Apr 16, 2014 6:31am Apr 16, 2014 6:31am
Quoting ruffryders
{quote} yes, in fact, eu will take out 4000 after this holiday easter week, current rangebound market is due to traders taking a break. the eur usd will also take out 4000 shortly and then will ultimately take on 4200-4400 within next several months. don't need to make things too complicated. Resistance is now support on daily euro charts. {image}
Hi Ruffy..
For GU and EU, we're in the same camp..
you're a good poster..
Forex as Leverage
  • #372,084
  • Apr 16, 2014 6:34am Apr 16, 2014 6:34am
Quoting Ill-b-back
{quote} My view is she is due for a well overdue retrace off resistance. Considering the extent of the rise from 1.48, I doubt the retrace thus far has been enough. I got to go, wife needs to chat about something Have a great day mate
Gotcha..

I thought the same for EJ a while back as it's 4000/5000 pips up since July 2012 and yet, she persists to "hang" and push north. Of course the BoJ action played a major role there but, non the less, I won't try to "predict" when a currency pair is "due" for a retrace.

So far, the market like's to take my predictions and shove them...well...you know where.....

Have a great day and Best wishes always brother.
Ghost Rider - WWTBMD?
  • #372,085
  • Apr 16, 2014 6:37am Apr 16, 2014 6:37am
Quoting Ill-b-back
{quote} My view is she is due for a well overdue retrace off resistance. Considering the extent of the rise from 1.48, I doubt the retrace thus far has been enough. I got to go, wife needs to chat about something Have a great day mate
Oh! if i would be maried my wife would kill me if i would trade in forex
girls hate when we do that. even my gf dont know that i trade cause i know her sick reaction on that.
at the first year of trading i lost about 2000 euros and the after she asked me about my finances before summer holidays that was something special. but i didnt told her now is the 3rd year and i returned my 73% so my total results during 3 years -27% profit. i thing forex is profitable bussiness easy loose and hard ear. the good think is real job cause more or less you get real salary every month.

most people who didnt traded before in forex all as one says that its a gamble in vegas. they are wrong cause our egoistic illusion is stronger.
  • #372,086
  • Apr 16, 2014 7:15am Apr 16, 2014 7:15am
Soon, GBP/USD will flying up to 1.7xxx and EUR/USD to 1.4xxx IMO
I'll prepare my bullet for the next battle..
The party will be start next week
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #372,087
  • Apr 16, 2014 7:23am Apr 16, 2014 7:23am
Quoting Ill-b-back
{quote} I said roughly, not always. The fact that we have been firmly bullish since September last year, and are now at strong resistance only reinforces my case for a decent quarterly retrace (in my mind anyway).
It is not necessary that it makes a significant correction. It has been in a bullish weekly channel for a while now it needs to break the resistance of that rangy channel and make a big move up to about 72-74 than you can safely say the move is complete and start shorting it. But right now as long as that bullish channel support TL isnt broken it will continue to make higher highs.
  • #372,088
  • Apr 16, 2014 7:30am Apr 16, 2014 7:30am
Watch 6780
  • #372,089
  • Apr 16, 2014 7:33am Apr 16, 2014 7:33am
any good us news it will be a reason to drop it
  • #372,090
  • Apr 16, 2014 7:35am Apr 16, 2014 7:35am
Quoting Ill-b-back
{quote} Specs, the Ascending TL makes contact with the daily high candle of last week. I said twice that I put my stops above the swing high/lows but you keep asking me questions about my strategy and what will I do if price breaks above the swing high, when I thought I had been pretty clear. My stop will obviously get hit!!! Sorry mate, I guess I'm just impatient at times.
Arni, hang on tight to your imaginery resistance.
Attached Image
  • #372,091
  • Apr 16, 2014 7:36am Apr 16, 2014 7:36am
No good news.
If you're not part of the solution then you're part of the problem.
  • #372,092
  • Apr 16, 2014 7:36am Apr 16, 2014 7:36am
Quoting musani
1m Looking cable for last final up daily & weekly for this week Date 14 4 2014
At last daily & wwekly show me real.
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GELORE
  • #372,093
  • Apr 16, 2014 7:37am Apr 16, 2014 7:37am
Quoting majorusa
No good news.
old grandma scheduled for a speech, last time it backlashed on USDX. Let's see what's she got it her bag now.
  • #372,094
  • Apr 16, 2014 7:39am Apr 16, 2014 7:39am
Quoting ruffryders
{quote} Arni, hang on tight to your imaginery resistance. {image}
If you can't see the PA resistance above Ruffles, then my imagination is not the problem.....
Come with me if you want to live....
  • #372,095
  • Apr 16, 2014 7:39am Apr 16, 2014 7:39am
Quoting elbert3
any good us news it will be a reason to drop it
You really think so? We've had scores of green "data" on US and nothing (much) but one green number on GBP and boom! I'm wondering if that GBP unemployment data could see this break 6820 this week if not today? With all the talking heads this week on US, I'll wait it out me thinks.

To be clear, I know next to nothing about fundies....yet...
Ghost Rider - WWTBMD?
  • #372,096
  • Apr 16, 2014 7:44am Apr 16, 2014 7:44am
This is my weekly Bar Chart & Line Chart . Trade what u see.

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Attached Image (click to enlarge)
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GELORE
  • #372,097
  • Apr 16, 2014 7:45am Apr 16, 2014 7:45am
Quoting Ill-b-back
{quote} If you can't see the PA resistance above Ruffles, then my imagination is not the problem.....
yes sir, your Majesty!
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  • #372,098
  • Apr 16, 2014 7:48am Apr 16, 2014 7:48am
Quoting ruffryders
{quote} yes sir, your Majesty! {image}
ha ha ha, that suits me well

By the way, it's "your Lordship"
Come with me if you want to live....
  • #372,099
  • Apr 16, 2014 7:51am Apr 16, 2014 7:51am
Well, I can't wait up for Yellen, time for bed, got to get up early for the Gym and get these tired old Guns Blazing again.
Come with me if you want to live....
  • #372,100
  • Apr 16, 2014 7:51am Apr 16, 2014 7:51am
No need to be disrespectful to fellow traders, everyone is entitled to their own opinion
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