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Cable Update (GBPUSD)

  • #383,481
  • Jun 24, 2014 8:34am Jun 24, 2014 8:34am
Quoting Bones
lol I'm thinking your bullish ,I took profit begging of hour ,I'm looking short but USD is a loose cannon also gbp cad took profit from other posted trades ,ill wait and see {quote} {image}
It's clearly in an uptrend. But I think this may be the start of a downtrend.

It's frustrating trying to catch the top of this one though.

If I was bullish the rejection of 1.7040-1.7050 would be a massive warning signal to me and I would have gotten out.
  • #383,482
  • Jun 24, 2014 8:35am Jun 24, 2014 8:35am
Quoting Ck87
{quote} Probably smart taking profit on GU, never stays down. Any profit shorting it is good.
Good day,

Yes - but will watch daily for the next. Will focus on CAD long - there I am more comfortable at present. Could make a good few there.

All the best to you, sir
  • #383,483
  • Jun 24, 2014 8:36am Jun 24, 2014 8:36am
Quoting albchr
{quote} Rah Rah!! USA! {image}
http://www.easyfreesmileys.com/smile...mileys-779.gif
  • #383,484
  • Jun 24, 2014 8:38am Jun 24, 2014 8:38am
Quoting TauTrader
{quote} Mr.Bikerman, I'm well - thank you for asking. Just had to change strategy and start over... what's new? I see the thread is doing well and you guys are keeping the fort. Hope your trading is progressing in the intended direction and that you are enjoying life in general. Always good to "see" you around. A wonderful person. All success to you!
We all need to readjust at times don't we. I'm doing well and always looking to do better. Thank you for asking my friend.

It's good to "see" you posting again too. You've been missed.

All the best Tau.
Ghost Rider - WWTBMD?
  • #383,485
  • Jun 24, 2014 8:39am Jun 24, 2014 8:39am
Quoting PoundTrader
{quote}{image}
That reminds me....time for another cup.
Ghost Rider - WWTBMD?
  • #383,486
  • Jun 24, 2014 8:40am Jun 24, 2014 8:40am
if awaited data from USA bad, keenly the cable momentum will function upward??? any cast.
  • #383,487
  • Jun 24, 2014 8:48am Jun 24, 2014 8:48am
odds are with bears on cable right now ,sits under big rn from news this morning ,bearish daily also

Quoting Barbaroosa
if awaited data from USA bad, keenly the cable momentum will function upward{quote}{quote}??? any cast.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,488
  • Jun 24, 2014 8:50am Jun 24, 2014 8:50am
Although a weaker dollar certainly won't help GU shorts. I think this is more about a weak or retracing GBP than a strong dollar ATM. We're still firmly in the bull trend on GU and I'm treating all shorts as retrace/CT trades only as of now.

The 6900ish area will make a nice long if PA suggests the trend will continue. As of now I'd have to "guess" it will. But since I don't guess, I'll just wait and see.
Attached Image (click to enlarge)
Click to Enlarge Name: Index.PNG Size: 61 KB
Ghost Rider - WWTBMD?
  • #383,489
  • Jun 24, 2014 8:54am Jun 24, 2014 8:54am
Quoting Bones
odds are with bears on cable right now ,sits under big rn from news this morning ,bearish daily also {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm30.png Size: 58 KB
Ghost Rider - WWTBMD?
  • #383,490
  • Jun 24, 2014 8:57am Jun 24, 2014 8:57am
i do believe that carny comments only to prevent further strength to the cable. the drop of oil yesterday give some strenght to dollar, but i expect more prises to oil in light more gain on the ground for ISIS. 1.6950 good entry targeting 71
  • #383,491
  • Jun 24, 2014 8:59am Jun 24, 2014 8:59am
I'm in a short with this bad boy, got an order to take majority profit at 1.6950 and then see if it can push down a little further, I'm sure it'll go up soon... but when, that is the question?!
  • #383,492
  • Jun 24, 2014 9:13am Jun 24, 2014 9:13am
good buying oppurtunity in GU?
  • #383,493
  • Jun 24, 2014 9:19am Jun 24, 2014 9:19am
come on ,its going down on daily and below and up on anything above ,you gotta read your charts


Quoting sandy-pip
I'm in a short with this bad boy, got an order to take majority profit at 1.6950 and then see if it can push down a little further, I'm sure it'll go up soon... but when, that is the question?!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,494
  • Jun 24, 2014 9:24am Jun 24, 2014 9:24am
Healthy economic figure from US is now strengthening the dollar a bit.
Intraday only.
  • #383,495
  • Jun 24, 2014 9:31am Jun 24, 2014 9:31am
the $ is BULLISH ,trust me im a doctor
pull back complete ,monthly last month bullish
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,496
  • Jun 24, 2014 9:32am Jun 24, 2014 9:32am
The lonely reds may indicate a push higher for the short term.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 56 KB
  • #383,497
  • Jun 24, 2014 9:34am Jun 24, 2014 9:34am
Quoting TauTrader
The lonely reds may indicate a push higher for the short term. Regards {image}
noob here but can you explain the chart a bit. looks interessting
  • #383,498
  • Jun 24, 2014 9:39am Jun 24, 2014 9:39am
Quoting Bones
come on ,its going down on daily and below and up on anything above ,you gotta read your charts {quote}
Like I said, I think it will go up soon, just not yet, that's my opinion, we'll see what happens...
  • #383,499
  • Jun 24, 2014 9:45am Jun 24, 2014 9:45am
Is 1.6920 awaited?????
  • #383,500
  • Jun 24, 2014 9:46am Jun 24, 2014 9:46am
Quoting Barbaroosa
Is 1.6920 awaited?????
My opinion, yes, but not today :O/
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