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Cable Update (GBPUSD)

  • #376,701
  • May 8, 2014 10:24am May 8, 2014 10:24am
Quoting Bones
nzd usd {quote}
I was lurking yesterday and saw that Tony.
Ghost Rider - WWTBMD?
  • #376,702
  • May 8, 2014 10:24am May 8, 2014 10:24am
Quoting GDR3k
{quote} In short @ 69605 20 pip stop
closed for +20, it doesn't seem like it wants to do a trademark cable drop. (watch it drop now that I've closed)
  • #376,703
  • May 8, 2014 10:26am May 8, 2014 10:26am
GBP USD traders. I took my chips off the table just now. Things are getting ugly, and we will likely pull back towards 6800 area before proceeding higher.
PoundTrader also noted the same before todays selloff. I don't know much about him, but he certainly was right. We can get a pullback of 150-200 points now.

proceed ahead on your own risk. Here's the chart review.
Attached Image (click to enlarge)
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  • #376,704
  • May 8, 2014 10:27am May 8, 2014 10:27am
guys GBP USD is toast for now on. No 7000 yet. Buy dips to 6800 or sell @ market now, if yous feel confident.

I'd take a break until we get to 6800 now.

Good luck traders. I'm flat / sold out.
  • #376,705
  • May 8, 2014 10:29am May 8, 2014 10:29am
20pip pp now 6941 so x 4 and not taking the usual 90% off i am gong for it lost money on long so will make that up 90% off at 6933 if i dont get taken out
  • #376,706
  • May 8, 2014 10:31am May 8, 2014 10:31am
Quoting GDR3k
{quote} closed for +20, it doesn't seem like it wants to do a trademark cable drop. (watch it drop now that I've closed)
Nice buddy

Well if it does tank, it won't be today most likely.
Ghost Rider - WWTBMD?
  • #376,707
  • May 8, 2014 10:32am May 8, 2014 10:32am
Quoting ruffryders
guys GBP USD is toast for now on. No 7000 yet. Buy dips to 6800 or sell @ market now, if yous feel confident. I'd take a break until we get to 6800 now. Good luck traders. I'm flat / sold out.
I'll be keeping away from GU for a while now after my recent positions, I don't like dancing to her tune, far too choppy.
  • #376,708
  • May 8, 2014 10:32am May 8, 2014 10:32am
Quoting ruffryders
guys GBP USD is toast for now on. No 7000 yet. Buy dips to 6800 or sell @ market now, if yous feel confident. I'd take a break until we get to 6800 now. Good luck traders. I'm flat / sold out.
ruff on the 4 hour price might get held at the 20 ema it would be long where i just took the 21 pips 6941 we will see
  • #376,709
  • May 8, 2014 10:34am May 8, 2014 10:34am
Quoting elbert3
{quote} ruff on the 4 hour price might get held at the 20 ema it would be long where i just took the 21 pips 6941 we will see
Elbert, I was targeting 7200-7400 with my options, however it's obvious we pullback to 6800 first, then can resume higher. I took my 80K off the tables and feel just fine about it. Get back in later. Meanwhile will load up NZD USD shorts via put options next week. Will wait until Tuesday to decide.
  • #376,710
  • May 8, 2014 10:35am May 8, 2014 10:35am
why EUR USD could be poised for a major downside move soon. weekly chart.
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  • #376,711
  • May 8, 2014 10:35am May 8, 2014 10:35am
Quoting albchr
{quote} Nice buddy Well if it does tank, it won't be today most likely.
Yeah that's me done on this pair for a while now, I only dipped my toes in due to it being in what I deemed a very good sell area on the daily and 4 hourly, 3 shorts on this pair since tuesday, 3 wins, taking my chips and running!
  • #376,712
  • May 8, 2014 10:37am May 8, 2014 10:37am
Quoting albchr
{quote} Weekly and daily do look promising for short. I agree, for me I'd wait this weeks close I think. Although the daily is pretty tempting now. {image} {image}
Chris, NZD USD is topped out, since major players are trimming their exposure and flipping short (COT data). So might as well jump in before the wagon rolls down the hill.
  • #376,713
  • May 8, 2014 10:41am May 8, 2014 10:41am
Quoting elbert3
{quote} ruff on the 4 hour price might get held at the 20 ema it would be long where i just took the 21 pips 6941 we will see
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 100 KB
ok that doji is the 4 hour 20 ema ,, if it hist the emas short it but sl has to be above the last bear candle in case the thing goes long of that 4 hour 20 ?? if you can grasp that
  • #376,714
  • May 8, 2014 10:43am May 8, 2014 10:43am
Quoting ruffryders
{quote} Chris, NZD USD is topped out, since major players are trimming their exposure and flipping short (COT data). So might as well jump in before the wagon rolls down the hill.
I agree RR especially looking at this 4H. I just have to be very anal about entries for margin sake and the short swap on this pair is killer!

But this right here does look like a good entry area.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 26 KB
Ghost Rider - WWTBMD?
  • #376,715
  • May 8, 2014 10:45am May 8, 2014 10:45am
Quoting ruffryders
{quote} Elbert, I was targeting 7200-7400 with my options, however it's obvious we pullback to 6800 first, then can resume higher. I took my 80K off the tables and feel just fine about it. Get back in later. Meanwhile will load up NZD USD shorts via put options next week. Will wait until Tuesday to decide.
well done you cant complain at that,,regards test 6947 short we will soon see
  • #376,716
  • May 8, 2014 10:49am May 8, 2014 10:49am
Quoting albchr
{quote} I agree RR especially looking at this 4H. I just have to be very anal about entries for margin sake and the short swap on this pair is killer! But this right here does look like a good entry area. {image}
on the 30 min set up looks short 1 hour looks like its going to look long i would say wait till confirmed long
  • #376,717
  • May 8, 2014 10:51am May 8, 2014 10:51am
Quoting ruffryders
guys GBP USD is toast for now on. No 7000 yet. Buy dips to 6800 or sell @ market now, if yous feel confident. I'd take a break until we get to 6800 now. Good luck traders. I'm flat / sold out.
Totally agreed what you say
Patience, let the market come to you!
  • #376,718
  • May 8, 2014 10:55am May 8, 2014 10:55am
Quoting elbert3
{quote} on the 30 min set up looks short 1 hour looks like its going to look long i would say wait till confirmed long
Yeah I'm waiting as of now Elbert. On the zoomed out 4H and 1H here, I think I can get in short a bit higher up. At least the DP @ 0.8666 1H 50/100 there too.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nzdusdh1.png Size: 55 KB
Ghost Rider - WWTBMD?
  • #376,719
  • May 8, 2014 10:55am May 8, 2014 10:55am
Quoting ruffryders
guys GBP USD is toast for now on. No 7000 yet. Buy dips to 6800 or sell @ market now, if yous feel confident. I'd take a break until we get to 6800 now. Good luck traders. I'm flat / sold out.
Flat/Sold Out !! Umm , You might regret that Move ...I think GU has an obsession with 1.7000 ..
  • #376,720
  • May 8, 2014 10:56am May 8, 2014 10:56am
Quoting albchr
{quote} I agree RR especially looking at this 4H. I just have to be very anal about entries for margin sake and the short swap on this pair is killer! But this right here does look like a good entry area. {image}
you could go long to 8675 then short from there ?? sorry ?????? lol
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