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Cable Update (GBPUSD)

  • #373,941
  • Apr 29, 2014 8:28am Apr 29, 2014 8:28am
Quoting PipLand
{quote} You should take a look today its nudging below its holding pattern, needs to close below 1.38 on the hourly would be nice.

it might pullback here too 1.6823/20 then will continue going higher... may take all night and tomorrow morning before it hits it next point 1.6889 but I expect it too get there and not lower low
  • #373,942
  • Apr 29, 2014 8:30am Apr 29, 2014 8:30am
Quoting RussJ
{quote} it might pullback here too 1.6823/20 then will continue going higher... may take all night and tomorrow morning before it hits it next point 1.6889 but I expect it too get there and not lower low
ok see you at the other side. 1.6700 tomorrow
  • #373,943
  • Apr 29, 2014 8:30am Apr 29, 2014 8:30am
Quoting RussJ
{quote} it might pullback here too 1.6823/20 then will continue going higher... may take all night and tomorrow morning before it hits it next point 1.6889 but I expect it too get there and not lower low
Yeah i thought we could have one more move up to 1.6865 area but if E/U closes below 1.38 on an hourly or higher then i think this is looking doubtful
  • #373,944
  • Apr 29, 2014 8:31am Apr 29, 2014 8:31am
Still looking most likely to break north.
There's always money in the banana stand.
  • #373,945
  • Apr 29, 2014 8:33am Apr 29, 2014 8:33am
Quoting RussJ
{quote} concur
its a statement taken upon small picture though, since we are in between 1,6858 and 1,6761 range
I took a view after data release and poor response from a bear camp,
swing it!
  • #373,946
  • Apr 29, 2014 8:34am Apr 29, 2014 8:34am
Quoting elbert3
{quote} are you on the wine ?? lol
Not at 9:30am but.... perhaps too much coffee?
Ghost Rider - WWTBMD?
  • #373,947
  • Apr 29, 2014 8:36am Apr 29, 2014 8:36am
Quoting PipLand
{quote} Yeah i thought we could have one more move up to 1.6865 area but if E/U closes below 1.38 on an hourly or higher then i think this is looking doubtful

just had quick scan off euro.. it just made 13808... and 13812 area should take it back minimum tooo 1.3840 area so am expecting on this 15 min chart to make a higher low on the swing and at least make it back too 40 area then you will have a fight and I expect euro bulls to win and either in asia or by sometime tomorrow eur usd to hit 1.3897 then 1.3910... just my opinion though.. if we break lower then not looked at intraday charts but wold look for 1.3765 to hold and pull it back too 1.3807 then I would short but I don't see that happenening sorry
  • #373,948
  • Apr 29, 2014 8:41am Apr 29, 2014 8:41am
Quoting RussJ
{quote} just had quick scan off euro.. it just made 13808... and 13812 area should take it back minimum tooo 1.3840 area so am expecting on this 15 min chart to make a higher low on the swing and at least make it back too 40 area then you will have a fight and I expect euro bulls to win and either in asia or by sometime tomorrow eur usd to hit 1.3897 then 1.3910... just my opinion though.. if we break lower then not looked at intraday charts but wold look for 1.3765 to hold and pull it back too 1.3807 then I would short but I don't see that happenening...


Prob expec t 1.3840 area to be shorted and it too be bought at 1.3825/20 although I do see the big red candle down and the 4 hour stoch cycle not looking pretty I must agree.. it will be an ugly long I think
  • #373,949
  • Apr 29, 2014 8:44am Apr 29, 2014 8:44am
Quoting RussJ
{quote} Prob expec t 1.3840 area to be shorted and it too be bought at 1.3825/20 although I do see the big red candle down and the 4 hour stoch cycle not looking pretty I must agree.. it will be an ugly long I think
Considering recent ranges euro is a bit stretched for today so i would be pleasantly suprised if we move lower today, they have to break out the range sometime though
  • #373,950
  • Apr 29, 2014 9:04am Apr 29, 2014 9:04am
Good day to you, traders

I'm looking at GU.. I have to now step up and trade my own plan - not influenced by any other poster here. And this is difficult for me. I know what to expect on shorter term time frames in terms of risk based on my system rules - but I'm posting weekly and daily charts - so not too sure what the exposure could become. 100 or 200 or 300 pips?

The weekly chart shows overbought ( and no - this is not stochs - so will not remain) true overbought. The range is clearly visible. I think she will poke a nose through and then give profit short. The daily also indicates time for a retrace. This is what I'm actually looking at trading now. There is possible bearish divergence present already.

So - pace it Tau.. pace it

Regards
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusddaily.png Size: 101 KB
  • #373,951
  • Apr 29, 2014 9:04am Apr 29, 2014 9:04am
Quoting HDA
{quote} @Mr. Scott: I can always count on you to post a chart to explain everything so clearly. Very well done Lets see what happens Thank you for sharing 1.6770 to 1.6790 area is a good place to get some cheaper longs HDA OUT
Good Morning Forex Factory Members and Guests

UPDATE from yesterday's post, Monday, April 28, 2014
http://www.forexfactory.com/showthre...08#post7432408

1.7041 Second Bull Target
1.7000 First Bull Target (My Exit)
1.6950 Options Barrier
1.6900 Options Barrier
1.6895 Offers
1.6877 Next High
1.6875 Offers
1.6830 Support was reached
1.6812 Support was reached
1.6800 Support was reached
1.6790 Support - HELD

HDA OUT
  • #373,952
  • Apr 29, 2014 9:06am Apr 29, 2014 9:06am
Long still from Friday ..
  • #373,953
  • Apr 29, 2014 9:09am Apr 29, 2014 9:09am
revised data from FF is always late
CB Consumer revised after 5 minutes chart moves
  • #373,954
  • Apr 29, 2014 9:12am Apr 29, 2014 9:12am
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?
@albchr:

You crack me up

HDA OUT
  • #373,955
  • Apr 29, 2014 9:14am Apr 29, 2014 9:14am
Quoting albchr
{quote} LOL... wishful thinking at best IMHO. I really love the line "I was either wrong or early". Yeah... that about covers his "guess" either way I suppose. Trade your charts folks. Ignore the hype either way. Just saying....
@albchr:

You are correct

HDA OUT
  • #373,956
  • Apr 29, 2014 9:15am Apr 29, 2014 9:15am
Quoting HDA
{quote} @albchr: You crack me up HDA OUT
Ghost Rider - WWTBMD?
  • #373,957
  • Apr 29, 2014 9:16am Apr 29, 2014 9:16am
we won't get less than 08 today and higher than 45 today. I think we are trapped. lets take it out tomorrow
  • #373,958
  • Apr 29, 2014 9:21am Apr 29, 2014 9:21am
Quoting Kajos2250
{quote} GU H4 GMT+3 Expections is forming nicely, its time to add one more, nothing interesting was changed, maybe retest again ~6800... Good luck! {image}
GU H4 GMT+3

To strengthening my longs one buy limit placed .6852, invalidation point remains.

Do not forget, trends will be held until theirs conditions are valid and it is your friend It is still LONG!

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 51 KB
Anything is math!
  • #373,959
  • Apr 29, 2014 9:23am Apr 29, 2014 9:23am
Quoting tomspin
{quote} I don't sell mate not at this point, I have bullish position trade open here since some time now, yes mid is 50% fibo retracement, This is early GDP number so in my view we won't see much impact until next one and if that number comes up in reds I would consider shorts. That would have to be a mix of other factors deteriorating like house prices and services as UK's economy is based on that.
@tomspin:

I know my friend, I know. I have been paying attention.

I took notice of your excellent position trade entry on Monday, March 24, 2014 going long on the GBP/USD

Quoting tomspin
Took long from 1,6470 avg SL 10 pips TP 1,7175
HDA OUT
  • #373,960
  • Apr 29, 2014 9:29am Apr 29, 2014 9:29am
Quoting maximinus
@HDA Hi, Trust that everything is fine for you. Wish that you drop more often your wife to the airport, so you could post regularly here What's your take on UJ as well as for the scalpers/intraday traders like me and for position traders like you ? I'm confused lately with this pair. I find that there is no more any correlation (negative or positive) between UJ and Euro. Of course, I've seen your post in the GBPJPY thread, but want more detailed one , if it's not so much asking. Thanks.
@maximinus:

I posted it earlier in the GBP/JPY thread

Please see post
http://www.forexfactory.com/showthre...95#post7434995

HDA OUT
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