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Cable Update (GBPUSD)

  • #383,561
  • Jun 24, 2014 11:16pm Jun 24, 2014 11:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 66 KB
Ghost Rider - WWTBMD?
  • #383,562
  • Jun 24, 2014 11:17pm Jun 24, 2014 11:17pm
Quoting eliteincome
Gidday GBP/US Dam bit the bullet on some longs above 1.70 More than likely zoom back up again Kept a couple running to 1.70+
?
Intraday only.
  • #383,563
  • Jun 24, 2014 11:18pm Jun 24, 2014 11:18pm
Quoting albchr
{image}
1 st target
Intraday only.
  • #383,564
  • Jun 24, 2014 11:23pm Jun 24, 2014 11:23pm
I don't know if this was posted but if not good news for Bears.Looks like Carney is back peddling on interest rate hike.
Sterling dips as Bank of England chief plays down rate expectations
The British pound fell on Tuesday, on track for its biggest daily decline in two weeks against the dollar, after Bank of England chief Mark Carney did little to bolster interest rate hike expectations.
The pound fell around a third of a percent against the euro, leading to broad gains for the single currency. The euro barely reacted to a German IFO survey that showed sentiment weakened more than expected in June, as concerns grew among companies in Europe's largest economy that conflict in Ukraine and Iraq would hurt their business.
It was Carney's testimony to lawmakers that was the highlight of the European session. Carney, his deputy Charlie Bean and monetary policy committee member David Miles all emphasised the UK economy still had spare capacity that needed to be used up before interest rates rose.
In trading, you have to be defensive and aggressive at the same time
  • #383,565
  • Jun 24, 2014 11:23pm Jun 24, 2014 11:23pm
Quoting navk
{quote} 1 st target
Evaluation point for me. Will it continue or resume bull trend? I'll watch PA there and let the market tell me.
Ghost Rider - WWTBMD?
  • #383,566
  • Jun 24, 2014 11:27pm Jun 24, 2014 11:27pm
Quoting albchr
{image}
morning Al not a nice candle on the 1 hour there ???
  • #383,567
  • Jun 24, 2014 11:28pm Jun 24, 2014 11:28pm
Quoting elbert3
{quote} morning Al not a nice candle on the 1 hour there ???
Good morning Billy. .... Noise

I'm actually hoping it will reach up some. I'd like to scalp another short like yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh4.png Size: 61 KB
Ghost Rider - WWTBMD?
  • #383,568
  • Jun 24, 2014 11:28pm Jun 24, 2014 11:28pm
Quoting giveachance
finally cable bears are back in town. I see this baby going all the way down to 6920 now
morning GC lets hope so.. not happy withe as posted he candle on the 1 hour,,lets see gl
  • #383,569
  • Jun 24, 2014 11:29pm Jun 24, 2014 11:29pm
Quoting elbert3
{quote} morning GC lets hope so.. not happy withe as posted he candle on the 1 hour,,lets see gl
thats a fake out. london traders will sell it. I don't see any reason to take it above 1.70
  • #383,570
  • Jun 24, 2014 11:31pm Jun 24, 2014 11:31pm
Quoting albchr
{quote} Good morning Billy. .... Noise
yes could end up turning to a nice red one lol ,, how are things ,, good luck any way as always ,, send my regards to mum,,
  • #383,571
  • Jun 24, 2014 11:33pm Jun 24, 2014 11:33pm
Quoting elbert3
{quote} yes could end up turning to a nice red one lol ,, how are things ,, good luck any way as always ,, send my regards to mum,,
Ghost Rider - WWTBMD?
  • #383,572
  • Jun 24, 2014 11:40pm Jun 24, 2014 11:40pm
The bearish attempts yesterday remained limited above the psychological barrier 1.7000, and stability above it is positive and could trigger further bullish attempts. A break above 1.7080 is significant to confirm the upside move and its extension, and breaking 1.6960 weakens the positive expectations intraday today.
  • #383,573
  • Jun 24, 2014 11:41pm Jun 24, 2014 11:41pm
risking a buy here @1.6968 sl -5 tp 1.6990 gl to me
  • #383,574
  • Jun 24, 2014 11:44pm Jun 24, 2014 11:44pm
Quoting Dr.Zain
The bearish attempts yesterday remained limited above the psychological barrier 1.7000, and stability above it is positive and could trigger further bullish attempts. A break above 1.7080 is significant to confirm the upside move and its extension, and breaking 1.6960 weakens the positive expectations intraday today.
I have different perspective. A break below 6944 could open further room for downside to 6898 and 6872 followed by 6826
  • #383,575
  • Jun 24, 2014 11:48pm Jun 24, 2014 11:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 119 KB
we need to break out of this little area 6950 i think after that it will be a quick move to 6900 area
  • #383,576
  • Jun 24, 2014 11:49pm Jun 24, 2014 11:49pm
Quoting smtchris71
risking a buy here @1.6968 sl -5 tp 1.6990 gl to me
stopped out
  • #383,577
  • Jun 24, 2014 11:51pm Jun 24, 2014 11:51pm
Quoting Dr.Zain
The bearish attempts yesterday remained limited above the psychological barrier 1.7000, and stability above it is positive and could trigger further bullish attempts. A break above 1.7080 is significant to confirm the upside move and its extension, and breaking 1.6960 weakens the positive expectations intraday today.
Lokkin a trip to South !!!
  • #383,578
  • Jun 24, 2014 11:52pm Jun 24, 2014 11:52pm
Quoting elbert3
{image} we need to break out of this little area 6950 i think after that it will be a quick move to 6900 area
6958 was support. but it broke that. next one comes in at 6936. I think that one will be gone as well. if carney and yellen don't talk any rubbish this time around we are heading down to 6850
  • #383,579
  • Jun 24, 2014 11:55pm Jun 24, 2014 11:55pm
Quoting giveachance
{quote} 6958 was support. but it broke that. next one comes in at 6936. I think that one will be gone as well. if carney and yellen don't talk any rubbish this time around we are heading down to 6850
Trade confirmation
On 25-Jun-2014 at 06:32:17 (GMT)
You sold GBPUSD @ 1.69720 for value date 27-Jun-2014
Front office position id: 139389095
Account: lol pp on 70 now no chance of losing them
  • #383,580
  • Jun 24, 2014 11:56pm Jun 24, 2014 11:56pm
Quoting albchr
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmh1.png Size: 67 KB
Ghost Rider - WWTBMD?
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