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Cable Update (GBPUSD)

  • #381,461
  • Jun 12, 2014 8:50am Jun 12, 2014 8:50am
Quoting albchr
{quote} well, whenever a position trader shares what i'm seeing long term it gives me a bit more confidence. Of course, it could run to 7042 and not mean much to them except a great place to add more.
8002 end of day 5pm lets say
  • #381,462
  • Jun 12, 2014 9:02am Jun 12, 2014 9:02am
Quoting elbert3
{quote} 8002 end of day 5pm lets say
I can see that.
Ghost Rider - WWTBMD?
  • #381,463
  • Jun 12, 2014 9:18am Jun 12, 2014 9:18am
Quoting elbert3
{quote} 8002 end of day 5pm lets say
I hope you're right. short at moment
  • #381,464
  • Jun 12, 2014 9:34am Jun 12, 2014 9:34am
Quoting albchr
{image}
hello sir what are those 5 lines ?sma can u please tellme how to use it
  • #381,465
  • Jun 12, 2014 9:39am Jun 12, 2014 9:39am
Not shorting this or eur...look at dollar index. I will probably look into getting into longs at some point.
Everyone can see the chart, but only a few can actually read it.
  • #381,466
  • Jun 12, 2014 9:40am Jun 12, 2014 9:40am
Quoting inneedofhelp
{quote} i hope you're right. Short at moment
you hope i am right so do i ,, ah chris
  • #381,467
  • Jun 12, 2014 9:44am Jun 12, 2014 9:44am
If eurusd broke 1.3558 today...that would be it for the shorts, I think.

GU shorts should be still safe for the day, if 6845 doesn't break.
Everyone can see the chart, but only a few can actually read it.
  • #381,468
  • Jun 12, 2014 9:46am Jun 12, 2014 9:46am
Quoting elbert3
{quote} you hope i am right so do i ,, ah chris
Naaaa..... ... Check GJ - 4H ......
Ghost Rider - WWTBMD?
  • #381,469
  • Jun 12, 2014 9:47am Jun 12, 2014 9:47am
Is anybody Long in cable today? And do you guys know what's Carney's speech at 4:00 PM today is about? FF listed that event as market-impacting, how do you think his speech will impact the cable's movement?
Make your losses in demo. Earn your profits live.
  • #381,470
  • Jun 12, 2014 9:49am Jun 12, 2014 9:49am
Quoting Forexia
Is anybody Long in cable today? And do you guys know what's Carney's speech at 4:00 PM today is about? FF listed that event as market-impacting, how do you think his speech will impact the cable's movement?
These speeches are always market as red, Carney, Yellen and the others...but mostly end up being meaningless. Especially during that time of the day.
Everyone can see the chart, but only a few can actually read it.
  • #381,471
  • Jun 12, 2014 9:51am Jun 12, 2014 9:51am
Quoting albchr
{quote} Well, whenever a position trader shares what I'm seeing long term it gives me a bit more confidence. Of course, it could run to 7042 and not mean much to them except a great place to add more.
7040 could be the trade of the year. 15 pip stop loss and potential 1000+ pips gain. Can't think of a better r/r ratio.
Everyone can see the chart, but only a few can actually read it.
  • #381,472
  • Jun 12, 2014 9:57am Jun 12, 2014 9:57am
Quoting OnlineAddict
{quote} 7040 could be the trade of the year. 15 pip stop loss and potential 1000+ pips gain. Can't think of a better r/r ratio.
Boy the cable is slow today. The EU moved up almost 10 pips and the cable only moved like 5 pips and not even. Guess a lot of cross traders are pushing the cable down?
Make your losses in demo. Earn your profits live.
  • #381,473
  • Jun 12, 2014 9:59am Jun 12, 2014 9:59am
Quoting OnlineAddict
{quote} 7040 could be the trade of the year. 15 pip stop loss and potential 1000+ pips gain. Can't think of a better r/r ratio.
It would be. I think a bit a fantasy there but hey, who knows? Mr. market is always right. I'm not.

If we got to 6880ish for more shorts I'd be happy. Right now I'm still holding short at 6829 from way early this morning. Not much doing on the ole cable today.
Ghost Rider - WWTBMD?
  • #381,474
  • Jun 12, 2014 10:03am Jun 12, 2014 10:03am
Quoting albchr
{quote} It would be. I think a bit a fantasy there but hey, who knows? Mr. market is always right. I'm not. If we got to 6880ish for more shorts I'd be happy. Right now I'm still holding short at 6829 from way early this morning. Not much doing on the ole cable today.
It doesn't look like 6845 will hold...too much pressure...but shorts above 68 should be safe anyway...there will be one more leg down, even if we go close to 69, I think.

Dollar index is crashing...80.50 might stop the fall and also eur and cable longs.
Everyone can see the chart, but only a few can actually read it.
  • #381,475
  • Jun 12, 2014 10:07am Jun 12, 2014 10:07am
Quoting Forexia
{quote} Boy the cable is slow today. The EU moved up almost 10 pips and the cable only moved like 5 pips and not even. Guess a lot of cross traders are pushing the cable down?
Cable did a big move during EU session already...it looks tired. If it doesn't break 6845, might be a good daily scalp for 30 pips.
Everyone can see the chart, but only a few can actually read it.
  • #381,476
  • Jun 12, 2014 10:08am Jun 12, 2014 10:08am
Quoting albchr
{quote} Naaaa..... ... Check GJ - 4H ......
YES IN MY BOOK IT GOOD NIGHT ?? YES/NO
  • #381,477
  • Jun 12, 2014 10:12am Jun 12, 2014 10:12am
Quoting OnlineAddict
Looks like eur bears are done...if that was the case, next target for eu 3590, gu 6860. Staying out of shorts until tomorrow, if nothing changes.
Still waiting for these 2 numbers...what a boring week.
Everyone can see the chart, but only a few can actually read it.
  • #381,478
  • Jun 12, 2014 10:14am Jun 12, 2014 10:14am
Quoting elbert3
{quote} YES IN MY BOOK IT GOOD NIGHT ?? YES/NO
Pretty heavy at my end. UJ let go of the 102 handle for now.
Ghost Rider - WWTBMD?
  • #381,479
  • Jun 12, 2014 10:16am Jun 12, 2014 10:16am
Quoting albchr
{quote} Pretty heavy at my end. UJ let go of the 102 handle for now.
MM SAYS NO LOL
  • #381,480
  • Jun 12, 2014 10:21am Jun 12, 2014 10:21am
Quoting elbert3
{quote} MM SAYS NO LOL
... lol
Ghost Rider - WWTBMD?
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