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Cable Update (GBPUSD)

  • #382,861
  • Jun 19, 2014 4:15am Jun 19, 2014 4:15am
in think we are close for a sell off. meanwhile some stops should be taken. Big whale has to eat smth.
No emotions, just trade
  • #382,862
  • Jun 19, 2014 4:19am Jun 19, 2014 4:19am
Quoting JimmyC
Upside medium term target revision GU 1H Price is in a channel, targets only valid on break and test... Invalidation below 685* FOMC trend continuation, print the money.... {image}
Howzit!!?

GU 1H

break and test complete, continuation to long targets
1.7069 is Resistance

Attached Image
  • #382,863
  • Jun 19, 2014 4:20am Jun 19, 2014 4:20am
Hello

7039 the swing hi on the monthly and just above is weekly R1 @ 7057. Bulls in charge in this moment...will 7039 hold or give ?

best wishes
Attached Image (click to enlarge)
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it's all gone a bit........
  • #382,864
  • Jun 19, 2014 4:22am Jun 19, 2014 4:22am
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  • #382,865
  • Jun 19, 2014 4:23am Jun 19, 2014 4:23am
Quoting musani
FXStreet (Moscow) - GBP/USD is confused after the release of UK data, trading at 0.7018 with no idea where to go now.
what confused??? it just printed a new yearly high.
  • #382,866
  • Jun 19, 2014 4:24am Jun 19, 2014 4:24am
Quoting Janut
in think we are close for a sell off. meanwhile some stops should be taken. Big whale has to eat smth.
question now is does the big whale have acidity and not interested to eat for some time.
  • #382,867
  • Jun 19, 2014 4:24am Jun 19, 2014 4:24am
Quoting GlobalMacro
{quote} Ok...that's nice too...more like, shall we say, gbus, these days...all laid back n stuff... but to be honest...you should really give it a thought, I mean to Derek's proposal...you can raise more for charity that way, I'm sure...for strippers without insurance...
no i have a good reputation in the village , imagine if Dell is let loose on the grannies,,???????lol
  • #382,868
  • Jun 19, 2014 4:28am Jun 19, 2014 4:28am
This pair is just plain silly, the bullishness surrounding it is obscene

tiz a shame I did not get a ride on this rocketship
  • #382,869
  • Jun 19, 2014 4:29am Jun 19, 2014 4:29am
Quoting elbert3
{quote} no i have a good reputation in the village , imagine if Dell is let loose on the grannies,,???????lol
I think they'd destroy him.
Ghost Rider - WWTBMD?
  • #382,870
  • Jun 19, 2014 4:30am Jun 19, 2014 4:30am
Quoting elbert3
{quote} no i have a good reputation in the village , imagine if Dell is let loose on the grannies,,???????lol
Hear the music before the song is over ...
  • #382,871
  • Jun 19, 2014 4:35am Jun 19, 2014 4:35am
Quoting albchr
{quote} I think they'd destroy him.
LOL most had them have no teeth but they could give you a nasty suck ?????
  • #382,872
  • Jun 19, 2014 4:38am Jun 19, 2014 4:38am
Quoting giveachance
{quote} what confused??? it just printed a new yearly high.
Enjoy with this 4hr candle
GELORE
  • #382,873
  • Jun 19, 2014 4:40am Jun 19, 2014 4:40am
Quoting elbert3
{quote} LOL most had them have no teeth but they could give you a nasty suck ?????
That's just !!
Ghost Rider - WWTBMD?
  • #382,874
  • Jun 19, 2014 4:41am Jun 19, 2014 4:41am
Hmm, I'm in two minds whether or not I should hedge my underwater shorts. I know it's late, but I doubt whether the top is reached.

What would you do?

Best regards,

Frietzak
  • #382,875
  • Jun 19, 2014 4:52am Jun 19, 2014 4:52am
Quoting frietzak
Hmm, I'm in two minds whether or not I should hedge my underwater shorts. I know it's late, but I doubt whether the top is reached. What would you do? Best regards, Frietzak
well countryman, it's hard to response to such a question without knowing the details, but in general I would say
-do not hedge stay in or out
-do not force a trade-idea upon price, talking about long term just define what level would be unthinkable for you and bail if it reaches there
-on the short term one could expect a lot of short stops a bit above 1,7050 if it spikes upward around there it could indicate the start of a reversal, can't give you a level, one has to watch but something like 20 pips spike towards 1.7070 would be normal
Don't be a hero. Don't have an ego. Always question yourself
  • #382,876
  • Jun 19, 2014 4:54am Jun 19, 2014 4:54am
Quoting frietzak
Hmm, I'm in two minds whether or not I should hedge my underwater shorts. I know it's late, but I doubt whether the top is reached. What would you do? Best regards, Frietzak
It has been my experience that if you find yourself in a hole, you should stop digging...
  • #382,877
  • Jun 19, 2014 4:54am Jun 19, 2014 4:54am
Lets wait us to enter market. Maybe after that we shall have a more definite direction
No emotions, just trade
  • #382,878
  • Jun 19, 2014 5:00am Jun 19, 2014 5:00am
Quoting JimmyC
{quote} It has been my experience that if you find yourself in a hole, you should stop digging...
Ghost Rider - WWTBMD?
  • #382,879
  • Jun 19, 2014 5:08am Jun 19, 2014 5:08am
Thanks guys! I appreciate the help.
  • #382,880
  • Jun 19, 2014 5:08am Jun 19, 2014 5:08am
Quoting frietzak
Hmm, I'm in two minds whether or not I should hedge my underwater shorts. I know it's late, but I doubt whether the top is reached. What would you do? Best regards, Frietzak
Dont listen to people that dont know how to hedge. Its not a bad idea here because 1 you can see price is at a very extreme point in terms of fundamentals and technicals. In which case there is no point in guessing which way it will go so if you wanna buy some to hedge your short then you might as well until the picture changes as it is right now could very well see another leg up given we break the major resistance we holding now.
All posts are my personal opinion
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