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Cable Update (GBPUSD)

  • #381,201
  • Jun 10, 2014 11:14am Jun 10, 2014 11:14am
now daily is confirmation for doji 's off pivot and tl ,
but
still consolidation zone,
but daily is trending north imo ,poss consolidate next few hours

Quoting Bones
doji cross off pivot and perfect tl touch , {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USDd1 10 june (DFB).png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #381,202
  • Jun 10, 2014 11:27am Jun 10, 2014 11:27am
note weekly gbp aud



Quoting Bones
im not looking at 15 min chart but I do like mas ,weekly = dark cloud then this week doji cross ,if dark cloud it breaks next week , ... {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp AUD w1 10 june (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #381,203
  • Jun 10, 2014 11:32am Jun 10, 2014 11:32am
Update of my current shorts according to the downtrend channel.
I'm waiting for the price to get at least to 1.67. If it the PA seems strong to the downside, I'll wait for 1.666 or even for 1.658-1.66 which would be my preferred TP, since it is the base of the channel.
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Click to Enlarge Name: Image1.png Size: 98 KB
  • #381,204
  • Jun 10, 2014 12:34pm Jun 10, 2014 12:34pm
Quoting Carlicus
Update of my current shorts according to the downtrend channel. I'm waiting for the price to get at least to 1.67. If it the PA seems strong to the downside, I'll wait for 1.666 or even for 1.658-1.66 which would be my preferred TP, since it is the base of the channel. {image}

if your in stay in.. should reach 1.6518 end of week....
  • #381,205
  • Jun 10, 2014 1:07pm Jun 10, 2014 1:07pm
Quoting albchr
{quote} Ummm.... that's EU ... no? lol I banked my dragon shorts last night. A bit too soon but oh well. Have a few GA buy limits stacked up now. One is already in at 7881. Couple more waiting below. Hopefully GU will now push down to 30 ....today?????....LOL.... and we can get on with this.
gbjy gbcad gbusd all down today chris
  • #381,206
  • Jun 10, 2014 1:08pm Jun 10, 2014 1:08pm
Quoting Carlicus
Update of my current shorts according to the downtrend channel. I'm waiting for the price to get at least to 1.67. If it the PA seems strong to the downside, I'll wait for 1.666 or even for 1.658-1.66 which would be my preferred TP, since it is the base of the channel. {image}
Well done C it looks like we might even sell on the rally soon,
  • #381,207
  • Jun 10, 2014 1:32pm Jun 10, 2014 1:32pm
Quoting elbert3
{quote} gbjy gbcad gbusd all down today chris
Ghost Rider - WWTBMD?
  • #381,208
  • Jun 10, 2014 2:01pm Jun 10, 2014 2:01pm
Quoting RussJ
{quote} if your in stay in.. should reach 1.6518 end of week....
But it's difficult to stay in, since there's a lot of ups and downs. And as you say, it "should"
In Spain we have a said: "El último duro que lo gane otro", which means more or less "Let the last penny be won by other". That's why I sometimes doesn't wait for my TPs to be hit. Being stubborn with an exact price is definitely not good.
  • #381,209
  • Jun 10, 2014 2:02pm Jun 10, 2014 2:02pm
Quoting elbert3
{quote} Well done C it looks like we might even sell on the rally soon,
Thanks E, let's see if 1.6780 resists
  • #381,210
  • Jun 10, 2014 2:20pm Jun 10, 2014 2:20pm
Looks like one more drop will follow tomorrow, this time, I would like to be on board, with a tight SL, just in case.
I will look into a short on eurusd at 3590 and gbpusd at 6782, 12 pip SL should be enough, because if that broke, its going higher, anyway. Just have to decide which one to short. Targets for both would be below today's lows. I would long the hell out of cable around 6670, even kept that trade open for until next week...for 6860 or more.

EDIT: I forgot about my cable number from the weekend, 6708, so maybe not even 6670. But that would be a good enough long for me, too.
Everyone can see the chart, but only a few can actually read it.
  • #381,211
  • Jun 10, 2014 2:21pm Jun 10, 2014 2:21pm
Quoting RussJ
{quote} if your in stay in.. should reach 1.6518 end of week....
I think tomorrow will be the last bear day, so if I get into shorts, I will get out tomorrow for sure.
Everyone can see the chart, but only a few can actually read it.
  • #381,212
  • Jun 10, 2014 2:23pm Jun 10, 2014 2:23pm
Quoting albchr
{quote} LOL ... ....
Lets give bears one more day...
Everyone can see the chart, but only a few can actually read it.
  • #381,213
  • Jun 10, 2014 2:31pm Jun 10, 2014 2:31pm
Quoting RussJ
{quote} lost 10 pips this morning from yesterdays 86 trade on euro... tried twice earlier and got stopped like break even or a pip or 2 in profit that covered comms.... Leaving Euro... want to see it around 86/88 and await pullback too 56 before buying but... I like USD at ttop near that 88 I said I was targetting, made a double top at 84... but the daily stoch indicator on euro is about to turn south and as I'm a bear on cable I would rather short cable for intraday pips than long euro now Cable will prob break into the 39 and long off maybe 24...
I kept the trade at 71, will close it at 88-90. And reload above 3500. I don't think 3500 can break...because that 160 pip spike from there...that was no retail...that was big money long from there. They are probably still long with a higher target, but who knows...
Everyone can see the chart, but only a few can actually read it.
  • #381,214
  • Jun 10, 2014 2:31pm Jun 10, 2014 2:31pm
Quoting OnlineAddict
{quote} Lets give bears one more day...
add short at 756 sorry guys it going down regards E
  • #381,215
  • Jun 10, 2014 2:32pm Jun 10, 2014 2:32pm
Quoting elbert3
{quote} add short at 756 sorry guys it going down regards E
It is, but why don't you wait for a higher number? Tomorrow is news day...it will spike up before a fall. I think 6782 will be seen before a fall. If the news are not positive.
Everyone can see the chart, but only a few can actually read it.
  • #381,216
  • Jun 10, 2014 2:42pm Jun 10, 2014 2:42pm
Quoting OnlineAddict
{quote} Lets give bears one more day...
I'll give them 2 if they promise to push this thing down to at least 6730. Getting tired of waiting....lol
Ghost Rider - WWTBMD?
  • #381,217
  • Jun 10, 2014 2:44pm Jun 10, 2014 2:44pm
Quoting albchr
{quote} I'll give them 2 if they promise to push this thing down to at least 6730. Getting tired of waiting....lol
What is there... on 1.6730? Pirate island with treasure? ,o)
  • #381,218
  • Jun 10, 2014 2:47pm Jun 10, 2014 2:47pm
Quoting Nan-ook
{quote} What is there... on 1.6730? Pirate island with treasure? ,o)
...
Ghost Rider - WWTBMD?
  • #381,219
  • Jun 10, 2014 2:51pm Jun 10, 2014 2:51pm
Quoting albchr
{quote} ...
Your TP, if I understand it..?
  • #381,220
  • Jun 10, 2014 2:54pm Jun 10, 2014 2:54pm
Quoting Nan-ook
{quote} Your TP, if I understand it..?
Nope. As of now I'm flat on GU. Just ....
Ghost Rider - WWTBMD?
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