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Cable Update (GBPUSD)

  • #380,501
  • Jun 5, 2014 6:25am Jun 5, 2014 6:25am
Quoting GlobalMacro
{quote} After having fallen 300 pips already , who's more prone to being a sucker here....longs or rather shorts ? You go figure.
Hi GM you ok,, gb did go up 2000 from 47 ??? i think it will consolidate now for a bit, and we will recess and hold court later, we will find cable guilty, and it will be taken down and hung..lol sorry still no wine ,,regards B
  • #380,502
  • Jun 5, 2014 6:37am Jun 5, 2014 6:37am
Quoting elbert3
{quote} Hi GM you ok,, gb did go up 2000 from 47 ??? i think it will consolidate now for a bit, and we will recess and hold court later, we will find cable guilty, and it will be taken down and hung..lol sorry still no wine ,,regards B
Haha right Billy! But you copied my reasoning about the 2000 pips Now you are the one going to court for intellectual copyright infringement (I didn't drink either lol)
  • #380,503
  • Jun 5, 2014 6:38am Jun 5, 2014 6:38am
Quoting carlicus
{quote} haha right billy! But you copied my reasoning about the 2000 pips now you are the one going to court for intellectual copyright infringement (i didn't drink either lol)
yes and i have a disclaimer on my trade opinions,,lol
  • #380,504
  • Jun 5, 2014 6:39am Jun 5, 2014 6:39am
I would love to short it at 1.6793.
Everyone can see the chart, but only a few can actually read it.
  • #380,505
  • Jun 5, 2014 6:42am Jun 5, 2014 6:42am
Quoting Mr. Scott
{quote} Hi Jimmy, Howzit EG? {image}
I can see the bottom coming good chart
The Daily DblTp calls for 80.322
  • #380,506
  • Jun 5, 2014 6:42am Jun 5, 2014 6:42am
Quoting elbert3
{quote} yes and i have a disclaimer on my trade opinions,,lol
at this time the pin on the 4 hour is 55 pips tailed,, 1 it is going to rip up , but it looks like you could still hang it ??
  • #380,507
  • Jun 5, 2014 6:46am Jun 5, 2014 6:46am
Quoting Carlicus
{quote} It depends on your time frame, since if I use the same logic: after having risen 2000 pips already, who's more prone to being a sucker? ... What is your tp on the long side? I think both of us can be right depending on the time frame. For example, if you think shorts are being tricked to reach 1.685, and that number is hit, you are right. But that movement to 1.685 could be considered by me as longs being tricked if we finally reach 1.65
All very true. Problem is, there's still too much predicting going on. I'd be just as happy shorting as longing. I don't care. I simply follow price. As a volume guy, what's this tick chart saying "as of now".

The daily is what I think "could" happen. The tick is what IS happening. Can it change? Sure and I'll change with it. The day I gave up trying to pre think the market was the best day of my life for trading. Just saying
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Ghost Rider - WWTBMD?
  • #380,508
  • Jun 5, 2014 6:47am Jun 5, 2014 6:47am
Cable is potentially back to up trend... hmmm yield search in progress... I'm flat
Dollar and Pound strengthening with gold.... hmmm seen this before, the big long casino is open again EU equities US equities hell anything not attached to EU rates is on the trot...
  • #380,509
  • Jun 5, 2014 6:47am Jun 5, 2014 6:47am
Attached Image (click to enlarge)
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well from before right on target the only thing i did not get the 83 pips but it looks like its going back down
  • #380,510
  • Jun 5, 2014 6:51am Jun 5, 2014 6:51am
Quoting albchr
{quote} all very true. Problem is, there's still too much predicting going on. I'd be just as happy shorting as longing. I don't care. I simply follow price. As a volume guy, what's this tick chart saying "as of now". The daily is what i think "could" happen. The tick is what is happening. Can it change? Sure and i'll change with it. The day i gave up trying to pre think the market was the best day of my life for trading. Just saying {image} {image}
well done chris for getting back in at 39,,look at that pin on the 4 hour chart,?? How long does that 4 hour last for ???
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  • #380,511
  • Jun 5, 2014 6:52am Jun 5, 2014 6:52am
Quoting OnlineAddict
I would love to short it at 1.6793.
Nah, no shorts for me...look at USDX, what a rejection off 81...
Everyone can see the chart, but only a few can actually read it.
  • #380,512
  • Jun 5, 2014 6:52am Jun 5, 2014 6:52am
Quoting albchr
{quote} Wait...I may need to get my calculator out for that one :nerd: .... By the way bro. My little the Dragon is very, very close now for the swing. {image}
Seems cable and dragon trading places....dragon uncharacteristically smooth these days....worth keeping an eye on ...
Hear the music before the song is over ...
  • #380,513
  • Jun 5, 2014 6:53am Jun 5, 2014 6:53am
Quoting elbert3
{quote} well done chris for getting back in at 39,,look at that pin on the 4 hour chart,?? How long does that 4 hour last for ???{image}
We are looking at the same number...but I think its only good for a quick scalp...the uptrend seems to be too strong.
Everyone can see the chart, but only a few can actually read it.
  • #380,514
  • Jun 5, 2014 6:55am Jun 5, 2014 6:55am
Quoting OnlineAddict
{quote} We are looking at the same number...but I think its only good for a quick scalp...the uptrend seems to be too strong.
still holding onto my long one
  • #380,515
  • Jun 5, 2014 6:56am Jun 5, 2014 6:56am
Short 6791 scalping 15 to 20 pips
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  • #380,516
  • Jun 5, 2014 6:57am Jun 5, 2014 6:57am
Quoting DerekTrotter
{quote} still long
Yeah, I wish I entered low during asian...I was too greedy, wanted it lower.
Everyone can see the chart, but only a few can actually read it.
  • #380,517
  • Jun 5, 2014 6:58am Jun 5, 2014 6:58am
Quoting DerekTrotter
{quote} still long
WELL DONE YOU SL WAS OPEN ..YES WHEN YOU WERE IN THE SHOP LUCKY
  • #380,518
  • Jun 5, 2014 6:59am Jun 5, 2014 6:59am
If we don't break 1.68 today, 1.6650 is still possible before more up.
Everyone can see the chart, but only a few can actually read it.
  • #380,519
  • Jun 5, 2014 6:59am Jun 5, 2014 6:59am
Quoting onlineaddict
{quote} yeah, i wish i entered low during asian...i was too greedy, wanted it lower. :d
you seem to be thinking a lot??? Lol
  • #380,520
  • Jun 5, 2014 7:01am Jun 5, 2014 7:01am
Quoting elbert3
short 6791 scalping 15 to 20 pips {image}
target 60 then it might be a good short entry , russ double top on the resistance ????
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