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Cable Update (GBPUSD)

  • #380,101
  • Jun 3, 2014 12:35pm Jun 3, 2014 12:35pm
Quoting Forexia
{quote} I am going to be the dissenting voice here. I think cable has strength to go up further. That support at 1.66970 is pretty strong and has been holding since April 15th, more than a month and 1/2. And from the 4-hour chart, it's coming off a support level too and is holding and steadily climbing. So PROVIDED that it's not dragged down by the EU, cable is on its way up. Just my view.

The last 3 to 4 weeks, GBPUSD is in a channel downwards. But overall in the longer-term it is in an upward trend. In other words the medium term players are pulling this down, and the longer terms have this propped up.

In all honesty it can go either way, but what I have noticed over the last few days is the GBPUSD is in a lot of chop at the moment, which translates into some crazy move going to happen, up or down.

and this week has the market news to make it move in such a way.


PMI
MPC Rate
ECB Press conference
Unemployment #'s
  • #380,102
  • Jun 3, 2014 12:54pm Jun 3, 2014 12:54pm
Quoting albchr
{quote} It's all your fault Billy, You keep buying AND selling and you have it all confused now. So either pick ONE side or use smaller positions. The rest of us are waiting dammit!!
i have not bought any for days i can show you my overall acc red ???? not good again waiting as you for the move ,, so there Mr Chis ,,,lol
  • #380,103
  • Jun 3, 2014 12:56pm Jun 3, 2014 12:56pm
Quoting ygvbnm
{quote} The last 3 to 4 weeks, GBPUSD is in a channel downwards. But overall in the longer-term it is in an upward trend. In other words the medium term players are pulling this down, and the longer terms have this propped up. In all honesty it can go either way, but what I have noticed over the last few days is the GBPUSD is in a lot of chop at the moment, which translates into some crazy move going to happen, up or down. and this week has the market news to make it move in such a way. PMI MPC Rate ECB Press conference Unemployment #'s
And because of the choppy movement, traders are not going to want to hold the pair for a long time and that just adds more to the choppiness. And because of the choppiness, traders would not... The vicious cycle just keeps going until some market-moving news.
Make your losses in demo. Earn your profits live.
  • #380,104
  • Jun 3, 2014 12:58pm Jun 3, 2014 12:58pm
Quoting albchr
{quote} It's all your fault Billy, You keep buying AND selling and you have it all confused now. So either pick ONE side or use smaller positions. The rest of us are waiting dammit!!
Attached Image (click to enlarge)
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long on gold ,, thats the only long i have in my cupboard lol
  • #380,105
  • Jun 3, 2014 1:26pm Jun 3, 2014 1:26pm
Quoting elbert3
{quote} i have not bought any for days i can show you my overall acc red ???? not good again waiting as you for the move ,, so there Mr Chis ,,,lol
Oh my bad then buddy. I thought you were scalping her both ways. (he walks away head bowed in shame) ... lol
Ghost Rider - WWTBMD?
  • #380,106
  • Jun 3, 2014 1:35pm Jun 3, 2014 1:35pm
the way I see it this is consolidate move up ,for larger bear ,
an ideal world we make 16800
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #380,107
  • Jun 3, 2014 1:47pm Jun 3, 2014 1:47pm
Howzit GU

MTF
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EU vs GU Strength
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Trader sentiment
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Scoreboard
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G'nite
  • #380,108
  • Jun 3, 2014 1:49pm Jun 3, 2014 1:49pm
Quoting albchr
{quote} Oh my bad then buddy. I thought you were scalping her both ways. (he walks away head bowed in shame) ... lol
no to busy writing reports to scalp happy waiting for the pay day.
Attached Image
al short 6780 .6750 6745 67320 6725 6725,,
  • #380,109
  • Jun 3, 2014 1:53pm Jun 3, 2014 1:53pm
Quoting Carlicus
{quote} I don't find any reasons for this damn pair for not falling hard, i'm starting to lose my patience We are on the same side bro!
softly softly catchy monkey ??? lol
  • #380,110
  • Jun 3, 2014 2:04pm Jun 3, 2014 2:04pm
Quoting elbert3
{quote} softly softly catchy monkey ??? lol
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  • #380,111
  • Jun 3, 2014 2:22pm Jun 3, 2014 2:22pm
GU H4 GMT+3

Decided trade on bulls side again.
50% pinbar entry, first targetting MPP ~6813.
Invalidation if price could close under ~6721.

Good luck!
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Anything is math!
  • #380,112
  • Jun 3, 2014 2:23pm Jun 3, 2014 2:23pm
Quoting elbert3
{quote} {image}
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come on now this has to go to 712 tonight at least ???
  • #380,113
  • Jun 3, 2014 2:25pm Jun 3, 2014 2:25pm
Quoting Kajos2250
GU H4 GMT+3 Decided trade on bulls side again. 50% pinbar entry, first targetting MPP ~6813. Invalidation if price could close under ~6721. Good luck! {image}
evening Kajos looks like different camps ,,gl sir . E
  • #380,114
  • Jun 3, 2014 2:28pm Jun 3, 2014 2:28pm
During EU session, if we hit 1.68-1.6850, I plan to short. But are you guys prepared for no rate cut on thursday? Because if that happens, euro will spike 200-300 pips up...gbp, looking at the current strength, will spike even more. 1.70 is not dead yet. Just curious if the swing traders who are short from 1.69+ have a SL above 1.7045 or lower.
Everyone can see the chart, but only a few can actually read it.
  • #380,115
  • Jun 3, 2014 2:34pm Jun 3, 2014 2:34pm
Quoting elbert3
{quote} evening Kajos looks like different camps ,,gl sir . E

different view, different TF. I hope this month will end above ~7000
If price could close under ~6723 i will close my long and reload a little bit later, lower ~6638...
This is the plan at the moment...

Good luck E!
Anything is math!
  • #380,116
  • Jun 3, 2014 2:36pm Jun 3, 2014 2:36pm
Quoting Kajos2250
{quote} different view, different TF. I hope this month will end above ~7000 If price could close under ~6723 i will close my long and reload a little bit later, lower ~6638... This is the plan at the moment... Good luck E!
lets hope we both get a little . regards E ps or a lot ...lol
  • #380,117
  • Jun 3, 2014 2:47pm Jun 3, 2014 2:47pm
Quoting JimmyC
Howzit GU MTF {image} EU vs GU Strength {image} Trader sentiment {image} Scoreboard {image} G'nite
Howzit Jimmy. My how quickly EU caught up to GU there. And that scoreboard? Precisely why I've stayed clear of GU. No winning anything substantial in this chop.
Ghost Rider - WWTBMD?
  • #380,118
  • Jun 3, 2014 2:50pm Jun 3, 2014 2:50pm
Quoting albchr
{quote} Howzit Jimmy. My how quickly EU caught up to GU there. And that scoreboard? Precisely why I've stayed clear of GU. No winning anything substantial in this chop.
Yep, I'm flat here, got very uncomfortable went BE
Cheers, night Chris
  • #380,119
  • Edited 3:06pm Jun 3, 2014 2:55pm | Edited 3:06pm
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letts look again , tell me what you see,, i see resistance to the left to the upside , price hit 6781 we have been looking at 6780 as a short sell area, so my order filled ? price also resisted by 10 ema 50 ema, in my book i like to see red top yellow, white if you look at the charts the long trend is the other way around, this is what i hope saves the shorts, 6780, and 6750, is coming off at 6713 , thats me , i hope i dont get shot for posting s....t lol , a chris..... sorry guys missed the 7 out, on the wine again lol reread
  • #380,120
  • Jun 3, 2014 3:09pm Jun 3, 2014 3:09pm
Quoting elbert3
{image} letts look again , tell me what you see,, i see resistance to the left to the upside , price hit 6781 we have been looking at 6780 as a short sell area, so my order filled ? price also resisted by 10 ema 50 ema, in my book i like to see red top yellow, white if you look at the charts the long trend is the other way around, this is what i hope saves the shorts, 6780, and 6750, is coming off at 6713 , thats me , i hope i dont get shot for posting s....t lol , a chris..... sorry guys missed the 7 out, on the wine again lol reread...
BANG! ...
Attached Image
Ghost Rider - WWTBMD?
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