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Cable Update (GBPUSD)

  • #380,301
  • Jun 4, 2014 6:52am Jun 4, 2014 6:52am
Quoting albchr
{quote} Oh ok.. gotcha. A temporary fall/spike. ... Yes I would then be betting the farm long too. Thank you.
Lets hope we will have a 200 pips day tomorrow, so there will be money to be made, no matter where it goes.
Everyone can see the chart, but only a few can actually read it.
  • #380,302
  • Jun 4, 2014 6:53am Jun 4, 2014 6:53am
looks like if we go down to mid 44's now we wont see 76/78 but will get a retrace back too 65 then sold back too 1.6718 and again that would be a buy
  • #380,303
  • Jun 4, 2014 6:53am Jun 4, 2014 6:53am
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}
GU H4 GMT+3

To strength my long buy stop placed .6776.
Invalidation stayed, if price could close under ~6723 and i will change side to bears for a short time...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 60 KB
Anything is math!
  • #380,304
  • Jun 4, 2014 6:55am Jun 4, 2014 6:55am
Quoting OnlineAddict
{quote} Look at last rate cut...eur dropped 300 pips, just to retrace back within a few days(the move retraced 50% within a few hours). If it goes down from here, I will definitely long after bears get tired. I think both eur and gbp are still bullish, so even if they drop 200 pips, I will be buying. But yes, I think, if there is no rate cut, eur and gbp will skyrocket(after cleaning some long stops first).
Yep GPB is on its way up for sure
Heed the lessons of failure.
  • #380,305
  • Jun 4, 2014 6:56am Jun 4, 2014 6:56am
Quoting RussJ
looks like if we go down to mid 44's now we wont see 76/78 but will get a retrace back too 65 then sold back too 1.6718 and again that would be a buy
I still think 1.6670 will be hit before a bigger buy. If we close today around 1.6740, it won't be that hard to hit. Maybe before ECB news? I will keep my 1.6765 short open if we close around that level or lower.

USDX bounced and its going up, so the bull move for eur and gbp might be over for today.
Everyone can see the chart, but only a few can actually read it.
  • #380,306
  • Jun 4, 2014 7:00am Jun 4, 2014 7:00am
Quoting OnlineAddict
{quote} Lets hope we will have a 200 pips day tomorrow, so there will be money to be made, no matter where it goes.
In other words.... Just MOVE please?? Yeah I'll go along with that!
Ghost Rider - WWTBMD?
  • #380,307
  • Jun 4, 2014 7:01am Jun 4, 2014 7:01am
Quoting russj
looks like if we go down to mid 44's now we wont see 76/78 but will get a retrace back too 65 then sold back too 1.6718 and again that would be a buy
41 coming up then 35 then put the money in the account
  • #380,308
  • Jun 4, 2014 7:02am Jun 4, 2014 7:02am
Quoting elbert3
{quote} 41 coming up then 35 then put the money in the account
Look at daily...this won't stop at 35.
Everyone can see the chart, but only a few can actually read it.
  • #380,309
  • Jun 4, 2014 7:03am Jun 4, 2014 7:03am
Quoting elbert3
{quote} 41 coming up then 35 then put the money in the account
I was looking at 29 but hey, what's a couple pips?
Ghost Rider - WWTBMD?
  • #380,310
  • Jun 4, 2014 7:05am Jun 4, 2014 7:05am
My ideal target for a long.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpdaily.png Size: 26 KB
Everyone can see the chart, but only a few can actually read it.
  • #380,311
  • Jun 4, 2014 7:06am Jun 4, 2014 7:06am
Protected my longs. Will be out beyond 1.6735/40 and wait for next H4 close to see whats what.
Time it carefully, Plan it thoroughly, Trade it confidently!
  • #380,312
  • Jun 4, 2014 7:10am Jun 4, 2014 7:10am
Quoting albchr
{quote} I was looking at 29 but hey, what's a couple pips?
careful chris if you in 41 lock asap your free trade soon as commissioner is paid to be safe
  • #380,313
  • Jun 4, 2014 7:18am Jun 4, 2014 7:18am
Quoting elbert3
{quote} careful chris if you in 41 lock asap your free trade soon as commissioner is paid to be safe
In? Are you kidding me? I've been watching my ticks for the past 2 hours and haven't seen anything worthwhile to me... lol

Might have a little lunge here back to 76?
Attached Image (click to enlarge)
Click to Enlarge Name: GU Tick 233.PNG Size: 75 KB
Ghost Rider - WWTBMD?
  • #380,314
  • Jun 4, 2014 7:18am Jun 4, 2014 7:18am
Quoting OnlineAddict
{quote} I still think 1.6670 will be hit before a bigger buy. If we close today around 1.6740, it won't be that hard to hit. Maybe before ECB news? I will keep my 1.6765 short open if we close around that level or lower. USDX bounced and its going up, so the bull move for eur and gbp might be over for today.
Attached Image (click to enlarge)
Click to Enlarge Name: daywed.png Size: 95 KB
i can see where your coming from , that will break the 100 then 666 is the 20 on the week i keep going on about, you can se price has come off 6767 my short entry on the 10 ema i use this as target confirm,,but it still can go higher i am hoping 6767 is the high for today that gives us a lower high i think ??
  • #380,315
  • Jun 4, 2014 7:20am Jun 4, 2014 7:20am
bought again at 1.6744.... didn't jump in waited for a signal on lower timeframe... from where it was should get back to 65 where it will have a problem.... we either bust 65 and go too 1.6810 or we fail and we go back to fill up at 1.6718 area... not sure whats going to happen, was open to get too 76/78 before we seen mid 40's now we tested the lows of the support at 41 think 65 could knock as off our perch and back too 18
  • #380,316
  • Jun 4, 2014 7:20am Jun 4, 2014 7:20am
Quoting albchr
{quote} In? Are you kidding me? I've been watching my ticks for the past 2 hours and haven't seen anything worthwhile to me... lol Might have a little lunge here back to 76? {image}
good luck me old cocker then just be safe .. best Billy,,, o that give the game away ??
  • #380,317
  • Jun 4, 2014 7:27am Jun 4, 2014 7:27am
Quoting elbert3
{quote} good luck me old cocker then just be safe .. best Billy,,, o that give the game away ??
I hope it plummets to 666 in the next "one hour" bar for ya bu...bu..buddy!
Ghost Rider - WWTBMD?
  • #380,318
  • Jun 4, 2014 7:29am Jun 4, 2014 7:29am
Quoting RussJ
bought again at 1.6744.... didn't jump in waited for a signal on lower timeframe... from where it was should get back to 65 where it will have a problem.... we either bust 65 and go too 1.6810 or we fail and we go back to fill up at 1.6718 area... not sure whats going to happen, was open to get too 76/78 before we seen mid 40's now we tested the lows of the support at 41 think 65 could knock as off our perch and back too 18
I don't think there will be enough volume to do a HH today, everybody is waiting for tomorrow now, both BoE and ECB.
Everyone can see the chart, but only a few can actually read it.
  • #380,319
  • Jun 4, 2014 7:31am Jun 4, 2014 7:31am
Quoting albchr
{quote} I hope it plummets to 666 in the next "one hour" bar for ya bu...bu..buddy!
the scalper is 15 to 20 pips ,if you make it you can have my scalper indian pic,, howzat buddy
  • #380,320
  • Jun 4, 2014 7:42am Jun 4, 2014 7:42am
Quoting elbert3
{quote} the scalper is 15 to 20 pips ,if you make it you can have my scalper indian pic,, howzat buddy
Yeah, with my ever changing and incalculable fractional spread, I need at least a 30/40 pip range to scalp in. This one's been close over the last 3.5 hours at 28ish but not quite enough for me. I banked 140+ this morning. I can wait until she actually moves.

So, you keep your well deserved pic brother. Quite honestly... it scares the hell out of me!
Ghost Rider - WWTBMD?
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