{quote}Haven't traded this pair in a very long time but it look like it wanna continue down to 1.6650 area{image}
you got it poundie , sell the hell out of it ..E
Cable Update (GBPUSD)
- #380,161
- Jun 4, 2014 2:32am Jun 4, 2014 2:32am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
you got it poundie , sell the hell out of it ..E
- #380,162
- Jun 4, 2014 2:38am Jun 4, 2014 2:38am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Same goal, same goal, North for me and USD is contained and should have a pullback!!!
{quote} there is always somebody to spoil the game ,, lol morning C
{quote}Haven't traded this pair in a very long time but it look like it wanna continue down to 1.6650 area
Personally, I'd love to see her drop. Along with UJ. It would do wonders for my Dragon shorts. 
Ghost Rider - WWTBMD?
- #380,163
- Jun 4, 2014 2:40am Jun 4, 2014 2:40am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
{quote}
- #380,165
- Jun 4, 2014 3:22am Jun 4, 2014 3:22am
{quote}Haven't traded this pair in a very long time but it look like it wanna continue down to 1.6650 area
The trend is not your friend, it's your master.
- #380,167
- Jun 4, 2014 3:28am Jun 4, 2014 3:28am
- Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts
News coming... I can't watch.
Author of: For Pip's Sake! (Available at Amazon... :-) )
- #380,170
- Edited 3:40am Jun 4, 2014 3:36am | Edited 3:40am
- Joined Aug 2013 | Status: Trader | 917 Posts
{quote} I do.
May i know how u figure out it will be 1.6700 exactly? I am using astrology. What do you use?
Don't blame the tools. Blame the carpenter.
{quote} GOOD!!! my short change to long here. I hope you are in it too.
- #380,173
- Jun 4, 2014 3:39am Jun 4, 2014 3:39am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} GBP - Services PMI Previous: 58.7 Forecast: 58.3 Actual: 58.6
{quote} Dustbin? {image}
That move is expected. If one was to backtest almost every pair before major news, you will notice that once the news is released it causes a quick reversal on the 5m and 15m chart of the last 24 hour trend. For me to personally get a good idea of 24 hour trend just open your 15m chart and zoom out..
Since the news release GBPpairs are pretty stuck. A close across the high of the wick caused by the news on the 5m and 15m chart would represent trend reversal.
Ever thought about how much money you could earn wagering against yourself?
- #380,176
- Jun 4, 2014 3:50am Jun 4, 2014 3:50am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
{quote} Depends on your plan... I think dollar will be sold off..... currently I have cable going up to daily pivot, break slightly as an indication we are going to push higher...so up to say 1.6743 then sold off trying to create a lower low but will fail at 1.6697 creating an inverse head and shoulders..... so I think we will go lower than 1.6712 but not much lower, expect 1.6743 too take us to that area of 1.6697/167 then it wil be bought If however, we go down too 1.6697 before testing 1.6740 well that's a whole new ball game and will provide...
almost to the pip
Right now we have broken and closed a crossed the high.. Watch out for a 30-50 pip spike up from this level. Theopen 5m candle is now below the close. A break of the 10 min high will result in a 2 pivot level move up.
in for the long ..
{quote} The Newbie knows his stuff .. previous reincarnation perhaps .. like wise
I am simply sharing what I've learned not many moons ago. One of the strongest formations to play are those right before news events. If you see a down trend right before, set your pending buy 30 seconds before the news is released. Had that be done you would of been up 30+ pips in less then 15 mins.
Ever thought about how much money you could earn wagering against yourself?
{quote}