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Cable Update (GBPUSD)

  • #381,261
  • Jun 11, 2014 4:04am Jun 11, 2014 4:04am
falling trend lines above.

best wishes
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it's all gone a bit........
  • #381,262
  • Jun 11, 2014 4:04am Jun 11, 2014 4:04am
Maybe a nice level to short from. Tryin 6793, will give it 20 pips.
  • #381,263
  • Jun 11, 2014 4:06am Jun 11, 2014 4:06am
Quoting timos
Under other condition,this would explode.100+ pips in seconds at least. No such a great momentum at all
that's true. firstly the retrace from 1.6770 after very good news was surprising too, grabbed the chance to buy 1.6757, will protect my profits as it goes higher. hoping EU not drag it down.
  • #381,264
  • Jun 11, 2014 4:06am Jun 11, 2014 4:06am
i believe cable will go up to 1.6810 if will break that point will might even get to 1.6840
  • #381,265
  • Jun 11, 2014 4:10am Jun 11, 2014 4:10am
Quoting BlueGas
Maybe a nice level to short from. Tryin 6793, will give it 20 pips.
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yes short off that 100 sma 794 too
  • #381,266
  • Jun 11, 2014 4:24am Jun 11, 2014 4:24am
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still target the extension and buy off it,, if we get there ???
  • #381,267
  • Jun 11, 2014 4:28am Jun 11, 2014 4:28am
Quoting elbert3
{quote} apt 25th floor plunge pool enough room for 1 standing only lol
Surely that should be room for 3 yes .. btw .. never mind thinking to change my bias to short after this trade .. lets see .. excuse me for a mo.. phone.. well gotta go in demand again ..
  • #381,268
  • Jun 11, 2014 4:28am Jun 11, 2014 4:28am
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big rejection will gbusd follow
  • #381,269
  • Jun 11, 2014 4:29am Jun 11, 2014 4:29am
Quoting DerekTrotter
{quote} Surely that should be room for 3 yes .. btw .. never mind thinking to change my bias to short after this trade .. lets see .. excuse me for a mo.. phone.. well gotta go in demand again ..
lol your a case??? your doing well thou , under water again lol ,, come on usa
  • #381,270
  • Jun 11, 2014 4:34am Jun 11, 2014 4:34am
Quoting elbert3
{image} big rejection will gbusd follow
Honest questions here b. I've seen several traders I respect say this now. That GU will "follow" GJ.

Aren't GJ moves a result of it's parents UJ & GU?

Is it not more likely that GJ is dropping due to UJ falling through the floor right now?

I think GU would be taking off after the news if not for the EU slug holding it back.
Ghost Rider - WWTBMD?
  • #381,271
  • Jun 11, 2014 4:36am Jun 11, 2014 4:36am
Quoting elbert3
{quote} lol your a case??? your doing well thou , under water again lol ,, come on usa
with you there .. shorts will come back round for sure.. might even be stonger in a few days.. raining in uk i take it .. must check up with her indoors as its window cleaning day - make sure she has not forgotten .. gotta look after em hombre .. now if u could just see what ... never mind
  • #381,272
  • Jun 11, 2014 4:48am Jun 11, 2014 4:48am
UK jobless rate 6.6% as same as USA. no hike from BoE. BoE follow Fed.
Down trend continue for pound to slip down 1.6250. good pips.
  • #381,273
  • Jun 11, 2014 4:53am Jun 11, 2014 4:53am
Quoting albchr
{quote} Honest questions here b. I've seen several traders I respect say this now. That GU will "follow" GJ. Aren't GJ moves a result of it's parents UJ & GU? Is it not more likely that GJ is dropping due to UJ falling through the floor right now? I think GU would be taking off after the news if not for the EU slug holding it back.
true chris wishful thinking , but as was said 6.6 is no hike yet so on we go ,, down ????
  • #381,274
  • Jun 11, 2014 5:11am Jun 11, 2014 5:11am
As rightly mentioned by elbert3 and petetong, GBPUSD can face upside rejection, witnessing the 1.6730 again. However, a clear break of 1.6800 and 1.6815 can fuel the pair towards 1.6870 levels.
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  • #381,275
  • Jun 11, 2014 5:13am Jun 11, 2014 5:13am
Quoting albchr
{quote} Honest questions here b. I've seen several traders I respect say this now. That GU will "follow" GJ. Aren't GJ moves a result of it's parents UJ & GU? Is it not more likely that GJ is dropping due to UJ falling through the floor right now? I think GU would be taking off after the news if not for the EU slug holding it back.

correct result of USD/JPY..... The GBP USd will allow you to know if it is strong or weak but ultimately relies on USD JY...
  • #381,276
  • Jun 11, 2014 5:16am Jun 11, 2014 5:16am
30M chart - Pullback to the blue line?
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  • #381,277
  • Jun 11, 2014 5:17am Jun 11, 2014 5:17am
Quoting elbert3
{quote} true chris wishful thinking , but as was said 6.6 is no hike yet so on we go ,, down ????
Yeah I agree Billy. Unless the dollar falls off a cliff from it's current chop zone, I see the 6664 area as probable. I was hoping it would reach the 6880ish I've had my eye on for the short. Current long a few pips in profit and covered now. It seems 6811 is possible? I'll hold it for a bit and see.

Thanks Billy & Russ
Ghost Rider - WWTBMD?
  • #381,278
  • Jun 11, 2014 5:20am Jun 11, 2014 5:20am
Usd jpy is trying to break the triangle pattern on 5m, so we could see the continue of gbp jpy fall.
No emotions, just trade
  • #381,279
  • Jun 11, 2014 5:29am Jun 11, 2014 5:29am
Quoting Janut
Usd jpy is trying to break the triangle pattern on 5m, so we could see the continue of gbp jpy fall.
Yes it found brief support on the 30M but is still pushing a bit. Guess we'll soon see how the 102 handle holds up.
Ghost Rider - WWTBMD?
  • #381,280
  • Jun 11, 2014 5:30am Jun 11, 2014 5:30am
Quoting Carlicus
30M chart - Pullback to the blue line? {image}
Good morning Carlicus. A face to the name? lol
Ghost Rider - WWTBMD?
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