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Cable Update (GBPUSD)

  • #377,661
  • May 14, 2014 8:27am May 14, 2014 8:27am
Quoting Davit
Closed my shorts in profit. Will be looking for longs.watching 67 for strong bounce if it gets there.
ok see you at the other side. may be 6400 or 6200. I am still heavy short from 6900 and 6850
  • #377,662
  • May 14, 2014 8:27am May 14, 2014 8:27am
i believe with today's PA we will see 1.67 today and like the EURO behavior will not get a chance of a bounce and it will continue declining. If we also manage to reach 1.66 and break this level also with upcoming sessions then i see no stopping this all the way to 1.6350 as a minimum target.

I am short from 1.6828 break below 89 day MA and my emergency stop is set at 1.6880 of which i will move when and if we get to 1.67 , i have also just added on to my position with current 10 min swing at 1.6763.

Good luck to all!
Cheers!!
  • #377,663
  • May 14, 2014 8:31am May 14, 2014 8:31am
Quoting giveachance
{quote} ok see you at the other side. may be 6400 or 6200. I am still heavy short from 6900 and 6850
good job.
In trading, you have to be defensive and aggressive at the same time
  • #377,664
  • May 14, 2014 8:34am May 14, 2014 8:34am
Quoting albchr
{quote} ...
Thanks Chris.
I may have bailed out early but I had so many times lost profits holding on longer that decided decent profits is good enough.No need to be greedy.
Will be looking for my next swings.Currently short on AU
Regards
In trading, you have to be defensive and aggressive at the same time
  • #377,665
  • May 14, 2014 8:34am May 14, 2014 8:34am
Quoting PipsMaster23
i believe with today's PA we will see 1.67 today and like the EURO behavior will not get a chance of a bounce and it will continue declining. If we also manage to reach 1.66 and break this level also with upcoming sessions then i see no stopping this all the way to 1.6350 as a minimum target. I am short from 1.6828 break below 89 day MA and my emergency stop is set at 1.6880 of which i will move when and if we get to 1.67 , i have also just added on to my position with current 10 min swing at 1.6763. Good luck to all!
perfect. precisely what i think.
  • #377,666
  • May 14, 2014 8:47am May 14, 2014 8:47am
Quoting Davit
{quote} Over 300pips profit is not "fast" but sufficient to me.
IMHO, for an uptrend which have lasted several months ... If you take profit in a week, that's fast. Well done, anyway! The most important is to earn money, not losing it by greed
  • #377,667
  • May 14, 2014 8:48am May 14, 2014 8:48am
Quoting Davit
{quote} Thanks Chris. I may have bailed out early but I had so many times lost profits holding on longer that decided decent profits is good enough.No need to be greedy. Will be looking for my next swings.Currently short on AU Regards
NEVER second guess yourself Davit. You're doing GREAT brother!! You said it best in your post here.......

Quoting Davit
{quote} I am a swing trader.Always have been.My swing is over.I was selling in uptrend and uptrend is still intact.You got to get out when counter trading.. HDA is position trader for example and he has been long since 1.48. REgards
Again... ... ... Respect
Ghost Rider - WWTBMD?
  • #377,668
  • May 14, 2014 8:56am May 14, 2014 8:56am
Quoting PipsMaster23
i believe with today's PA we will see 1.67 today and like the EURO behavior will not get a chance of a bounce and it will continue declining. If we also manage to reach 1.66 and break this level also with upcoming sessions then i see no stopping this all the way to 1.6350 as a minimum target. I am short from 1.6828 break below 89 day MA and my emergency stop is set at 1.6880 of which i will move when and if we get to 1.67 , i have also just added on to my position with current 10 min swing at 1.6763. Good luck to all!
That would be a move of around 180 today. I don't see 6700 having to be reached apart from being a big number. There seems to be orders around 6750. Saying that we could run past and get 6700 but will be very surprised if it happens today. I see most of the orders stacked at 6750 and and 6625.
  • #377,669
  • May 14, 2014 9:06am May 14, 2014 9:06am
GU 1H
Attached Image (click to enlarge)
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  • #377,670
  • May 14, 2014 9:19am May 14, 2014 9:19am
Hm, hm.... I went SHORT on 1.6848

Lets see how much will it drop. I'm thinking probably around 1.65 - 1.64

I can't upload a picture right now. Maybe later :-)
  • #377,671
  • May 14, 2014 9:36am May 14, 2014 9:36am
we looks like i ain't missed a thing??
  • #377,672
  • May 14, 2014 9:47am May 14, 2014 9:47am
Keep it simple, I think we are going back to 1.6820.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfh4.png Size: 43 KB
  • #377,673
  • May 14, 2014 9:54am May 14, 2014 9:54am
Quoting elbert3
we looks like i ain't missed a thing??
all orders now off the table still long now sl 6758 and revers just touched the 10 ema on the 30 min chart see where it goes
  • #377,674
  • May 14, 2014 9:54am May 14, 2014 9:54am
Quoting Darkforce
Keep it simple, I think we are going back to 1.6820. {image}
I am okay with that, as long as it keeps crashing down like the EUR/USD the next few days :-D
  • #377,675
  • May 14, 2014 10:04am May 14, 2014 10:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 87 KB
sl on manage now target 820 but scalp for now
  • #377,676
  • May 14, 2014 10:06am May 14, 2014 10:06am
Quoting elbert3
{image} sl on manage now target 820 but scalp for now
  • #377,677
  • May 14, 2014 10:06am May 14, 2014 10:06am
Quoting julia2011
{quote}
lol
  • #377,678
  • May 14, 2014 10:07am May 14, 2014 10:07am
any body usdjy ?? day chart looks interesting, i don't trade it but just put a few pounds on it
  • #377,679
  • May 14, 2014 10:09am May 14, 2014 10:09am
Quoting julia2011
{quote}
sl to 76 now i am not getting caught
  • #377,680
  • May 14, 2014 10:17am May 14, 2014 10:17am
Quoting julia2011
{quote}
it might fail and go to 45 ?? fxstreet noted buyers at that level ??
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