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Cable Update (GBPUSD)

  • #381,101
  • Jun 9, 2014 8:48pm Jun 9, 2014 8:48pm
And USDX struggling to stay above 80.60, if it goes down to test 80.50 and it breaks...it may give us enough room for a long trade until 80 is reached. If that broke...shorts will be dead, I guess. Just thinking loud...I would get out of shorts, before its too late, though. There is always room to short from 50, 100 or 150 pips higher.
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  • #381,102
  • Jun 10, 2014 12:11am Jun 10, 2014 12:11am
USD is trying to get too 88.. if it fails and drops below weekly pivot at around 58 then that would be great for my euro longs as it should then fall to 38 where it will be picked up as inverted head and shoulders and support and they will try and use that as a 3rd wave buying .. but at 58 the weekly pivot anther head and shoulders the other way and resistance... people there will be trying to play 3rd wave extension the other way

Very interesting.... 50% retrace of wick would suggest 88 fgor USD which means more down on Cable yet if it goes here which it has a definite chance of falling here then euro will be very bullish as it would have missed the target, and if usd is at 88 that means euro at 70 and I certainly don't like 70.. if it falls 70 I would wait till it gets to 38 as could see it dropping more if 82 doesn't hold on euro.
  • #381,103
  • Jun 10, 2014 12:18am Jun 10, 2014 12:18am
Guys Im seeing a nice Bull pennant forming over the last few days. Im long again at 1.6808.
  • #381,104
  • Jun 10, 2014 12:35am Jun 10, 2014 12:35am
Quoting RussJ
USD is trying to get too 88.. if it fails and drops below weekly pivot at around 58 then that would be great for my euro longs as it should then fall to 38 where it will be picked up as inverted head and shoulders and support and they will try and use that as a 3rd wave buying .. but at 58 the weekly pivot anther head and shoulders the other way and resistance... people there will be trying to play 3rd wave extension the other way Very interesting.... 50% retrace of wick would suggest 88 fgor USD which means more down on Cable yet if it goes here...
Morning guys lokks like its going long stopped out at 6800 last night - 6 pips back in a min just up ...
  • #381,105
  • Jun 10, 2014 1:17am Jun 10, 2014 1:17am
Quoting WaylDz
who is agree with my scenario ? {image}
The wave count has roules that your count does not contain...
Wave 4 never hurt wave 2 except in 5 waves... and so on...
Anything is math!
  • #381,106
  • Jun 10, 2014 1:24am Jun 10, 2014 1:24am
Doesn't look too strong to me...I will get out, if we spike 30-40 pips. But my SL is close...so we will see if I won't be stopped out before.
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  • #381,107
  • Jun 10, 2014 1:39am Jun 10, 2014 1:39am
Quoting OnlineAddict
{quote} If it hits my scalp number 1.6817, I may get out...depends how today goes on. And then I will re-enter before tomorrow's news.
1.6817 hit...seems to be slowing down...
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  • #381,108
  • Jun 10, 2014 1:44am Jun 10, 2014 1:44am
16817 would defo be the short spot.. left it as in euro long though from yesterday
  • #381,109
  • Jun 10, 2014 1:53am Jun 10, 2014 1:53am
Quoting RussJ
16817 would defo be the short spot.. left it as in euro long though from yesterday
Euro looks like it will re-visit down again...maybe break lows before heading higher.
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  • #381,110
  • Jun 10, 2014 1:55am Jun 10, 2014 1:55am
Quoting OnlineAddict
{quote} Euro looks like it will re-visit down again...maybe break lows before heading higher.

Well lets hope not.. if it goes down 1.3538 will hold and finish the day at 1.3644 total reversal.. am hoping that doesn't happen though

Need to get over 1.3608 that's the point hat marks the territory
  • #381,111
  • Jun 10, 2014 2:15am Jun 10, 2014 2:15am
Quoting aktrader
Guys Im seeing a nice Bull pennant forming over the last few days. Im long again at 1.6808.
morning i have a pennant 30 min and it looks like a false break to the upside waiting to see if it breaks lower ,,,E
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  • #381,112
  • Jun 10, 2014 2:18am Jun 10, 2014 2:18am
SL hit, I'm out at BE. I will wait what happens before the news...I will probably short another spike up.
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  • #381,113
  • Jun 10, 2014 2:21am Jun 10, 2014 2:21am
Quoting RussJ
{quote} Well lets hope not.. if it goes down 1.3538 will hold and finish the day at 1.3644 total reversal.. am hoping that doesn't happen though Need to get over 1.3608 that's the point hat marks the territory
If it doesn't happen now, it should be a safe short from higher. Maybe 3630-50.

If cable doesn't hit 6795 before another spike, it should be a safe short, too. 6795 will be hit, now or after.
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  • #381,114
  • Jun 10, 2014 2:33am Jun 10, 2014 2:33am
Trade confirmation
On 10-Jun-2014 at 05:54:43 (GMT)
You sold GBPUSD @ 1.68049 for value date 12-Jun-2014
Front office position id: 138127840
Account: 5515567
Attached Image (click to enlarge)
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  • #381,115
  • Jun 10, 2014 2:36am Jun 10, 2014 2:36am
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price clears emas hope thats safe to go shorter now . will check other times
  • #381,116
  • Jun 10, 2014 2:42am Jun 10, 2014 2:42am
I will wait 30 more minutes...hoping to get a higher spike up. Or a crash down before the news...I will buy anything close to 6760.
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  • #381,117
  • Jun 10, 2014 2:44am Jun 10, 2014 2:44am
Eur looks more and more like a safe short, but for me there is no point to short it with a 20-30 pip target...hoping to get at least 100 out of cable.
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  • #381,118
  • Jun 10, 2014 2:58am Jun 10, 2014 2:58am
Quoting OnlineAddict
Eur looks more and more like a safe short, but for me there is no point to short it with a 20-30 pip target...hoping to get at least 100 out of cable.
yes looks like a lower push down to the bottom tl before a retrace, if the news is bad countertrade back up as on the day price is a way off the 10 ema now
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  • #381,119
  • Jun 10, 2014 3:01am Jun 10, 2014 3:01am

  1. stops sub 1.6780 on notice, bids arrive 1.6760/50

  • #381,120
  • Jun 10, 2014 3:05am Jun 10, 2014 3:05am
Quoting santuary123
I'm think GU still bear for me I'm will try.. Set limit short at 6810 SL above high 2 days ago Tp1 6782 TP2 6776 TP3 6760
I'm will open short again near yesterday high..
SL same

Possible spike up as usual
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