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Cable Update (GBPUSD)

  • #373,921
  • Apr 29, 2014 8:01am Apr 29, 2014 8:01am
Quoting shripsfx
very strong support @1.68
well said that man, didn't you guys see what happened this morning? it got taken down to 1.68 and came straight back up again.....
you shorters are off your fooking tits!!!
  • #373,922
  • Apr 29, 2014 8:04am Apr 29, 2014 8:04am
Quoting PipLand
{quote} Good good... I will be leaving some on the table to hopefully see 1.6050 fingers crossed, best of luck buddy
if it goes there it will go a lot lower is my feeling
lets get lucky buddy
  • #373,923
  • Apr 29, 2014 8:08am Apr 29, 2014 8:08am
Quoting nAVIN2007
{quote} if it goes there it will go a lot lower is my feeling lets get lucky buddy
Yeah for sure im thinking 1.5560 if it goes through that, but it remains to be seen if I could hold for that length of time i will close at 1.6050 if we get there and see what sort of bounce we get
  • #373,924
  • Apr 29, 2014 8:11am Apr 29, 2014 8:11am
It's better to short on the way down to entry level not on the way up..
  • #373,925
  • Apr 29, 2014 8:11am Apr 29, 2014 8:11am
yep selling bad idea, sorry bears
swing it!
  • #373,926
  • Apr 29, 2014 8:12am Apr 29, 2014 8:12am
Quoting PipLand
{quote} Yeah for sure im thinking 1.5560 if it goes through that, but it remains to be seen if I could hold for that length of time i will close at 1.6050 if we get there and see what sort of bounce we get

good plan...first thing is first! it needs to sink below 1.68 b4 tomorrow close
  • #373,927
  • Apr 29, 2014 8:14am Apr 29, 2014 8:14am
WOW! Now I'm seeing prices like 6050 and 5560 here. I should think anyone who sees that "as of now" would be betting the farm, the horses, the car and the kids from these levels.

Would be sweet though ... eh?
Ghost Rider - WWTBMD?
  • #373,928
  • Apr 29, 2014 8:15am Apr 29, 2014 8:15am
6835 order short that gives me 3, 2 losing shorts and this mornings plus 5 pips , but that would still be lower than this mornings high
  • #373,929
  • Apr 29, 2014 8:16am Apr 29, 2014 8:16am
Quoting tomspin
{quote} lets see who's got what, for bulls would like to see a move towards 16883 as 16809 was monthly R turned support, I would sell over there at 16883 for scalp
Ghost Rider - WWTBMD?
  • #373,930
  • Apr 29, 2014 8:19am Apr 29, 2014 8:19am
Quoting albchr
WOW! Now I'm seeing prices like 6050 and 5560 here. I should think anyone who sees that "as of now" would be betting the farm, the horses, the car and the kids from these levels. Would be sweet though ... eh?
are you on the wine ?? lol
  • #373,931
  • Apr 29, 2014 8:20am Apr 29, 2014 8:20am
price will collapse soon below 1,68 to follow EUR/USD
  • #373,932
  • Apr 29, 2014 8:21am Apr 29, 2014 8:21am
Quoting PipLand
{quote} Cool im targeting 1.3670 then 1.3480

Sorry mate... See eur has gone down but it busts 1.3873 recently which = up!!

I aint looked at it today but remember 73 being significant, would have come back off the 80/84 level as gap fill etc and people trying to take lower but target is around 97 then pullback too 55 area before 13910 if I am remembering correctly.. That's my opinion
  • #373,933
  • Apr 29, 2014 8:22am Apr 29, 2014 8:22am
Quoting artocarpus
price will collapse soon below 1,68 to follow EUR/USD

If that is to happen a short then it will happen at 43 3rd touch of trend line triangle but has already 3 touches on bottom so we will experience a trap as 168/16807 should hold it..

Still fancy end of day today though 1.6889 that's my target
  • #373,934
  • Apr 29, 2014 8:22am Apr 29, 2014 8:22am
Quoting elbert3
{quote} 168309 is the 61 fib thats were i am pulling it or short as of where it is well looks like cable is going to be a wasted day now if this does not hold should of known it just filled the gap from this morning .. f ,, sad take the money and run they shouted at 6800 ??? if it stays here that will be 3 days lower close i think ??

one more added at 36 and now i watch. I am watching the euro crosses and they are all heading down. might put pressure on gbp at some stage
  • #373,935
  • Apr 29, 2014 8:23am Apr 29, 2014 8:23am
Quoting tomspin
yep selling bad idea, sorry bears

concur
  • #373,936
  • Apr 29, 2014 8:23am Apr 29, 2014 8:23am
on the day chart the last time price hit the 20 ema was 6600 it over due a return to the 20 as we know it always gets back there and it is sitting right on my target area,, so i do think it should go back to daddy now..lol
  • #373,937
  • Apr 29, 2014 8:24am Apr 29, 2014 8:24am
Quoting RussJ
{quote} Sorry mate... See eur has gone down but it busts 1.3873 recently which = up!! I aint looked at it today but remember 73 being significant, would have come back off the 80/84 level as gap fill etc and people trying to take lower but target is around 97 then pullback too 55 area before 13910 if I am remembering correctly.. That's my opinion
You should take a look today its nudging below its holding pattern, needs to close below 1.38 on the hourly would be nice.
  • #373,938
  • Apr 29, 2014 8:25am Apr 29, 2014 8:25am
Quoting giveachance
{quote} one more added at 36 and now i watch. I am watching the euro crosses and they are all heading down. might put pressure on gbp at some stage
yes i was thinking the same i think i am 43 ish pips up on eu just waiting for it to clear a nice area to put pp.
  • #373,939
  • Apr 29, 2014 8:26am Apr 29, 2014 8:26am
Quoting elbert3
on the day chart the last time price hit the 20 ema was 6600 it over due a return to the 20 as we know it always gets back there and it is sitting right on my target area,, so i do think it should go back to daddy now..lol
another thing which is not in its favor now is aussie and kiwi have hit support for the day and rebounded. so if cross based selling starts it will be pressurised
  • #373,940
  • Apr 29, 2014 8:27am Apr 29, 2014 8:27am
Quoting RussJ
{quote} If that is to happen a short then it will happen at 43 3rd touch of trend line triangle but has already 3 touches on bottom so we will experience a trap as 168/16807 should hold it.. Still fancy end of day today though 1.6889 that's my target
always cable follow EU, not the opposite, its a bit safe to short now for at least 30 pips
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