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Cable Update (GBPUSD)

  • #383,421
  • Jun 24, 2014 4:01am Jun 24, 2014 4:01am
Quoting Bones
weekly has broke to north ! {quote} {image}
Did you mean south?
  • #383,422
  • Jun 24, 2014 4:04am Jun 24, 2014 4:04am
lol the Bulls are finally abandoning ship!

The Bears are ready for a feeding frenzy!
  • #383,423
  • Jun 24, 2014 4:05am Jun 24, 2014 4:05am
Bout time...eh?
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Ghost Rider - WWTBMD?
  • #383,424
  • Jun 24, 2014 4:08am Jun 24, 2014 4:08am
Gbp Lfx ,index ,gbp has broke north

Quoting abhilash
{quote} Did you mean south?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,425
  • Jun 24, 2014 4:08am Jun 24, 2014 4:08am
Where this can stop? 1.6700?
  • #383,426
  • Jun 24, 2014 4:09am Jun 24, 2014 4:09am
cool lets see what happens at target

Quoting albchr
Bout time...eh? {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,427
  • Jun 24, 2014 4:10am Jun 24, 2014 4:10am
Quoting Fadadio
lol the Bulls are finally abandoning ship! The Bears are ready for a feeding frenzy!
Are they though? I mean the main point is that a massive pivotal point at 1.7043-1.7050 was hit and it didn't continue higher, that's definitely all that we need to know at this point. It is at points like that where we either see big continuation moves, or trend reversals, this could be the reversal of this trend from the 1.48 area.
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  • #383,428
  • Jun 24, 2014 4:11am Jun 24, 2014 4:11am
1.6935 1st point to watch imo

Quoting Nan-ook
Where this can stop? 1.6700?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,429
  • Jun 24, 2014 4:12am Jun 24, 2014 4:12am
gbp is bearish across the board today

Quoting Ck87
{quote} Are they though? I mean the main point is that a massive pivotal point at 1.7043-1.7050 was hit and it didn't continue higher, that's definitely all that we need to know at this point. It is at points like that where we either see big continuation moves, or trend reversals, this could be the reversal of this trend from the 1.48 area. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,430
  • Jun 24, 2014 4:13am Jun 24, 2014 4:13am
Quoting Bones
1.6935 1st point to watch imo {quote}
thx man
  • #383,431
  • Jun 24, 2014 4:13am Jun 24, 2014 4:13am
Quoting Bones
cool lets see what happens at target {quote}
It'll bounce/pause at 70 here. Might even run up to test SR at 69953 but it does have steam atm. 6930 still first target.
Closing 2/3 of one order here. Let the rest run.
Ghost Rider - WWTBMD?
  • #383,432
  • Jun 24, 2014 4:15am Jun 24, 2014 4:15am
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  • #383,433
  • Jun 24, 2014 4:19am Jun 24, 2014 4:19am
I agree going into oversold against up move im not budging after that h1


Quoting albchr
{quote} It'll bounce/pause at 70 here. Might even run up to test SR at 69953 but it does have steam atm. 6930 still first target. Closing 2/3 of one order here. Let the rest run.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,434
  • Jun 24, 2014 4:21am Jun 24, 2014 4:21am
Quoting albchr
{quote} It'll bounce/pause at 70 here. Might even run up to test SR at 69953 but it does have steam atm. 6930 still first target. Closing 2/3 of one order here. Let the rest run.

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.

– Jesse Livermore
  • #383,435
  • Jun 24, 2014 4:23am Jun 24, 2014 4:23am
Quoting Ck87
{quote} “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.” Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance. – Jesse LivermoreJesse...
... Project the possibilities, wait to see them work or not, react when they do.

I need to keep it simple.
Ghost Rider - WWTBMD?
  • #383,436
  • Jun 24, 2014 4:24am Jun 24, 2014 4:24am
long @1,6979, sl 1,6949
fortis fortuna adiuvat
  • #383,437
  • Jun 24, 2014 4:29am Jun 24, 2014 4:29am
Quoting albchr
{quote} It'll bounce/pause at 70 here. Might even run up to test SR at 69953 but it does have steam atm. 6930 still first target. Closing 2/3 of one order here. Let the rest run.
Possibility
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Ghost Rider - WWTBMD?
  • #383,438
  • Jun 24, 2014 4:35am Jun 24, 2014 4:35am
Pretty strong bounce back there, as usual with GBP. Almost never stays down lately
  • #383,439
  • Jun 24, 2014 4:36am Jun 24, 2014 4:36am
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  • #383,440
  • Jun 24, 2014 4:42am Jun 24, 2014 4:42am
Quoting albchr
{quote} Possibility {image}
Same S/R as the 30M with slightly lower on 15M. Lets see if it holds.

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1H also
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Ghost Rider - WWTBMD?
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