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Cable Update (GBPUSD)

  • #377,241
  • May 12, 2014 4:48am May 12, 2014 4:48am
yes i did not expect this much pull back could even go to 50 fib 6911 on the day chart
  • #377,242
  • May 12, 2014 4:48am May 12, 2014 4:48am
Quoting elbert3
{quote} live on the edge,, but make sure you have a net to catch you lol
Continuing caution for the bears

1.692 level.... approaching
Attached Image (click to enlarge)
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wide view

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  • #377,243
  • May 12, 2014 4:50am May 12, 2014 4:50am
looks like a pullback on the back of eur/gbp selling. and eur/gpy hitting january lows. nothing much fundamental about this run. will be rubbished soon.
  • #377,244
  • May 12, 2014 4:53am May 12, 2014 4:53am
Quoting JimmyC
{quote} Continuing caution for the bears 1.692 level.... approaching {image} wide view {image}
  • #377,245
  • May 12, 2014 5:01am May 12, 2014 5:01am
GU Daily

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  • #377,246
  • May 12, 2014 5:02am May 12, 2014 5:02am
This level must be seen.

https://www.tradingview.com/x/Q0pwJtNg/
  • #377,247
  • May 12, 2014 5:16am May 12, 2014 5:16am
GBPUSD- On the London open, big offers appeared at 1.6890 - 1.6900

Now, those offers are being eroded, stops building above 1.6915. Offers seen 1.6950/25
  • #377,248
  • May 12, 2014 5:16am May 12, 2014 5:16am
DX Daily
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  • #377,249
  • May 12, 2014 5:32am May 12, 2014 5:32am
yes looks like shaved head
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #377,250
  • May 12, 2014 7:23am May 12, 2014 7:23am
GU 1H

Test for bounce @ the TL... Strength at the TL would be very bullish
If the DX is going to hold its strength... could break
Attached Image (click to enlarge)
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  • #377,251
  • May 12, 2014 7:48am May 12, 2014 7:48am
Quoting whitescalper
{quote} closed both positions at 1.6874 + 84 Pips
I shorted cable 1.6883 though little late right now with no SL may average it if it goes up
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  • #377,252
  • May 12, 2014 8:01am May 12, 2014 8:01am
On the clear breakout above 1.6900, GBPUSD can go ahead with 1.6950; though, 1.6920 can provide intermediate resistance to the pair.
Attached Image (click to enlarge)
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  • #377,253
  • May 12, 2014 8:10am May 12, 2014 8:10am
retest to going up then drop lower, or going down without retest
  • #377,254
  • May 12, 2014 8:27am May 12, 2014 8:27am
Quoting whitescalper
{quote} I shorted cable 1.6883 though little late right now with no SL may average it if it goes up {image}
Attached Image (click to enlarge)
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stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???
  • #377,255
  • May 12, 2014 8:50am May 12, 2014 8:50am
Quoting whitescalper
{quote} I shorted cable 1.6883 though little late right now with no SL may average it if it goes up {image}
i am currently hedged so there is not much to continue for me from the last post
  • #377,256
  • May 12, 2014 8:53am May 12, 2014 8:53am
Quoting elbert3
{quote} {image} stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???
Hi E Would you please explain The Red White and Yellow indicators, are those Moving Average and Exceptional or Simple and Figures Thanks
  • #377,257
  • May 12, 2014 9:03am May 12, 2014 9:03am
Quoting elbert3
{quote} {image} stuck in the middle , on the lower times it is just up down up down with no clear direction . if the yellow 50 crosses overthe red 20 it will be a stronger case shorter .. regards ps it looks like its going to try 690 ???

yes well i hedged doing some other semi-auto hybrid grid on Cable .
Attached Image (click to enlarge)
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  • #377,258
  • May 12, 2014 9:20am May 12, 2014 9:20am
Attached Image (click to enlarge)
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  • #377,259
  • May 12, 2014 9:24am May 12, 2014 9:24am
Short term I see interesting scenarios for either long or short trades.

Bouncing off of 1,69 and a 61 FIB that could give short opportunities. But def worth watching if we can get a break of the previous low at 1.6837. Shorting a retest will set up a good move.

For the longside I am more cautios although we might see a fakey pattern forming right now. But too early to tell atm
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Learn from yesterday, live for today and hope for tomorrow.
  • #377,260
  • May 12, 2014 9:38am May 12, 2014 9:38am
Quoting Dr.Zain
{quote} Hi E Would you please explain The Red White and Yellow indicators, are those Moving Average and Exceptional or Simple and Figures Thanks
see your message box,,regards
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