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Cable Update (GBPUSD)

  • #380,341
  • Jun 4, 2014 3:36pm Jun 4, 2014 3:36pm
Quoting elbert3
{image} the break out from either end determines the direction , 50 is resistance and 10 is resistance to the down side , the difference is price has gone past the 1o and not the 50, 6767 was a nice number right on the nose ?? I am off for the wife now ,,gl all
same undecided at lows for further direction > trend change or continue IF now . lower tf 6782 not broken means move towards 6659 intact . anyway even both limits break more ranging still likely if no crush immediately any .that is sell at top & buy at bottom only this range for better safety ( chances may come recover )
lets see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 29 KB
Click to Enlarge Name: gbpusddaily.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #380,342
  • Jun 4, 2014 4:20pm Jun 4, 2014 4:20pm
Asians are slowly getting ready to break the low on eurusd, just look at the PA. I think the asian session will end somewhere around 1.3570, so if I'm lucky, I will be able to close my gbp short under 1.67, the deeper, the better. I will feel more comfortable long, because USDX daily is preparing for a drop, so both eur and gbp would spike up. Curious if tomorrow goes as expected, I will probably set the SL for a little profit and wait it out.

EDIT: SL set at 1.6754, TP 1.6665, but I will probably stay up to check on it and close below 1.67 if needed or move SL to 1.6703 once it breaks down.
Everyone can see the chart, but only a few can actually read it.
  • #380,343
  • Jun 4, 2014 4:25pm Jun 4, 2014 4:25pm
Good evening all...

The top red line is the price of CABLE when the news event was made public. You see the run up before the news, well this 30 pip drop+ is those people taking profit. Trading news, is for quick pips... 30+ 40 pips. You simply need to get the most accurate entry. That simple....

Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usdpulllback.PNG Size: 33 KB
Ever thought about how much money you could earn wagering against yourself?
  • #380,344
  • Jun 4, 2014 4:34pm Jun 4, 2014 4:34pm
Quoting fibswork4me
good evening all... The top red line is the price of cable when the news event was made public. You see the run up before the news, well this 30 pip drop+ is those people taking profit. Trading news, is for quick pips... 30+ 40 pips. You simply need to get the most accurate entry. That simple.... {image}
hi are you still long,,regards e
  • #380,345
  • Jun 4, 2014 4:38pm Jun 4, 2014 4:38pm
Looking at 725 to tp on 2 trades 6767 and 59 around 69 pips
  • #380,346
  • Jun 4, 2014 4:40pm Jun 4, 2014 4:40pm
Quoting elbert3
Looking at 725 to tp on 2 trades 6767 and 59 around 69 pips
Come on, stay in there with me.
Everyone can see the chart, but only a few can actually read it.
  • #380,347
  • Jun 4, 2014 4:51pm Jun 4, 2014 4:51pm
Quoting OnlineAddict
{quote} Come on, stay in there with me.
lol i am still in i ha 3 other that i will be keeping to run on its just money pilling,dont keep all the eggs in the basket ,,gl E OFF TO BED ANOTHER REASON LOL
  • #380,348
  • Jun 4, 2014 8:30pm Jun 4, 2014 8:30pm
Quoting elbert3
{quote} hi are you still long,,regards e
Hello Elbert. No, I am not. I was long, but scalped it for the profit I needed.
Ever thought about how much money you could earn wagering against yourself?
  • #380,349
  • Jun 5, 2014 12:21am Jun 5, 2014 12:21am
Quoting OnlineAddict
Asians are slowly getting ready to break the low on eurusd, just look at the PA. I think the asian session will end somewhere around 1.3570, so if I'm lucky, I will be able to close my gbp short under 1.67, the deeper, the better. I will feel more comfortable long, because USDX daily is preparing for a drop, so both eur and gbp would spike up. Curious if tomorrow goes as expected, I will probably set the SL for a little profit and wait it out. EDIT: SL set at 1.6754, TP 1.6665, but I will probably stay up to check on it and close below 1.67 if needed...

Just eyeballing the 4 hour chart on eur usd and it looks cleaner than Cable... cable looks messy... euro looks like it will get too 137 but that might happen tomorrow then possibly collapse.

Cable is kinda ugly, always happens NFP week
  • #380,350
  • Jun 5, 2014 12:43am Jun 5, 2014 12:43am
Gidday GBP/US

See you all shorting

I need a we spike to 1.68 to clear some longs

Would be nice to get a short in higher up
  • #380,351
  • Jun 5, 2014 12:57am Jun 5, 2014 12:57am
Quoting eliteincome
Gidday GBP/US See you all shorting I need a we spike to 1.68 to clear some longs Would be nice to get a short in higher up

16810/ 16818 and 16840 will happen question is will we fill at 1.6718 first... I am hoping we go up completely off the pivot but cant rule out a pullback after forming a doji yesterday..
  • #380,352
  • Jun 5, 2014 1:08am Jun 5, 2014 1:08am
looks like I'm the only bull here, taking on the whole forum.. taking on Elbert, ALBCHR, Online Addict and others.... come on Bulls back this up!!!!
  • #380,353
  • Jun 5, 2014 1:10am Jun 5, 2014 1:10am
Quoting RussJ
looks like I'm the only bull here, taking on the whole forum.. taking on Elbert, ALBCHR, Online Addict and others.... come on Bulls back this up!!!!
Dont know if its a good thing but i am here ... hows this for one ... now u gotta close ur eyes a bit and think ok .. u ready then - Moooo .... Moooooo..
  • #380,354
  • Jun 5, 2014 1:19am Jun 5, 2014 1:19am
Quoting RussJ
looks like I'm the only bull here, taking on the whole forum.. taking on Elbert, ALBCHR, Online Addict and others.... come on Bulls back this up!!!!
LOL I THOUGHT IT WOULD OF HIT 725 I HAD A SELL ON 2 POSITIONS MMMMMM 57 MIGHT SHORT AGAIN ,, THE 59 THAT YOU DID NOT LIKE I COULD OFF TOOK 20 OR MORE PIPS , THAT WAS ONE OF THE POSITIONS I WAS GOING TO SELL, KNOWING WE WERE GETTING A LONG RISE,,NEXT LITTLE MOVE UP ON THE 15 I WILL LOOK TO SHORT IT IT STAYS AT THIS LEVEL THEN LET'S SEE ,,,USA USA ,,LOL REGARDS
  • #380,355
  • Jun 5, 2014 1:20am Jun 5, 2014 1:20am
Quoting derektrotter
{quote} dont know if its a good thing but i am here ... Hows this for one ... Now u gotta close ur eyes a bit and think ok .. U ready then - moooo .... Moooooo..
dell boy, you wet the bed ????? Morning sir
  • #380,356
  • Jun 5, 2014 1:21am Jun 5, 2014 1:21am
Quoting elbert3
{quote} dell boy, you wet the bed ????? Morning sir
short 52... Russ
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 103 KB
RSI 69 61%FIB SHORT TREND ON THE 4 HOUR ,, GIVE 3 CONFLUENCE TICKS
  • #380,357
  • Jun 5, 2014 1:27am Jun 5, 2014 1:27am
Quoting elbert3
{quote} LOL I THOUGHT IT WOULD OF HIT 725 I HAD A SELL ON 2 POSITIONS MMMMMM 57 MIGHT SHORT AGAIN ,, THE 59 THAT YOU DID NOT LIKE I COULD OFF TOOK 20 OR MORE PIPS , THAT WAS ONE OF THE POSITIONS I WAS GOING TO SELL, KNOWING WE WERE GETTING A LONG RISE,,NEXT LITTLE MOVE UP ON THE 15 I WILL LOOK TO SHORT IT IT STAYS AT THIS LEVEL THEN LET'S SEE ,,,USA USA ,,LOL REGARDS
Funny u should mention long rises.. well cant have her indoors sitting in her tent all day doing nothing .. Long for the day still have a good one E..
  • #380,358
  • Jun 5, 2014 1:30am Jun 5, 2014 1:30am
Quoting derektrotter
{quote} funny u should mention long rises.. Well cant have her indoors sitting in her tent all day doing nothing .. Long for the day still have a good one e..
gl dell this is a bit of a fight, i would think 818 would or could take the 4 hour trend long ???,,
  • #380,359
  • Jun 5, 2014 1:34am Jun 5, 2014 1:34am
Quoting elbert3
{quote} gl dell this is a bit of a fight, i would think 818 would or could take the 4 hour trend long ???,,
Well i am a 4 hour boy for sure.. but totally agree its gonna be a very interesting day .. maybe with a hang on to your hats kinda vibe ..
  • #380,360
  • Jun 5, 2014 1:38am Jun 5, 2014 1:38am
Quoting DerekTrotter
{quote} Well i am a 4 hour boy for sure.. but totally agree its gonna be a very interesting day .. maybe with a hang on to your hats kinda vibe ..
Yes underwater on a couple now i just hope the last one was a good entry, it looked good on the confluence side 3 ticks what more would you want,, but it is f,,,,in cable,, nobody fell for the 1 hour candle joke yesterday ,, i thought Russ might if bitten lol ,,chris tried to get it going,, sad ah ..lol
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