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Cable Update (GBPUSD)

  • #385,021
  • Jul 2, 2014 8:26am Jul 2, 2014 8:26am
And NOW they put a trading signals ad on the bottom of the page.

How timely......
Come with me if you want to live....
  • #385,022
  • Jul 2, 2014 8:27am Jul 2, 2014 8:27am
Quoting giveachance
{quote} I don't know what else needs to be done to bring this motherfucker down.
the funny thing is..FF traders are only shorting more..
question is what will it take for the mofo's too long the b*stard
  • #385,023
  • Jul 2, 2014 8:28am Jul 2, 2014 8:28am
I just said
Good selling opportuinity
  • #385,024
  • Jul 2, 2014 8:30am Jul 2, 2014 8:30am
Quoting Ill-b-back
{quote} I was tempted to short from here but just can't bring myself to do it anymore. More pips and less risk to be made on the way back up off support I think
That's the way I'm seeing it mate. I've pulled good pips off the fade but it's just more risky. Guess I'm loosing my sense of adventure.
Ghost Rider - WWTBMD?
  • #385,025
  • Jul 2, 2014 8:31am Jul 2, 2014 8:31am
Quoting Mr. Scott
{quote} Hi Jimmy, Not shorting GU today, but waiting for possible correction at that area. {image}
Incredible, even a minor support is now a major obstacle...truly dangerous..
  • #385,026
  • Jul 2, 2014 8:35am Jul 2, 2014 8:35am
Quoting albchr
{quote} I'm flat bro. If it even makes 7130 I'm thinking about a long. I don't get too excited over a 20 pip drop. {image}
Oh come on now. Not even 7130?? .... yet? Geeezzzzzz.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm30.png Size: 57 KB


She be stuck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm15.png Size: 56 KB
Ghost Rider - WWTBMD?
  • #385,027
  • Jul 2, 2014 8:36am Jul 2, 2014 8:36am
Quoting nAVIN2007
{quote}

It's a pisser bro for sure, don't know how you do it man.

Longer term, I see price staying above and to the right of these brown boundaries fences if you want my honest opinion

and 6380 area now looks like strong support
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 24 KB
Come with me if you want to live....
  • #385,028
  • Jul 2, 2014 8:38am Jul 2, 2014 8:38am
Good day to all the clever traders out there.

Yes - I'm in a spot of bother..

Closed EU, but holding GU and CAD.

It's like throwing a set of spikes under a vehicle with solid rubber wheels.

Last hope is a red candle today. This may indicate bearishness for a day or 2 to allow me a door out.

Otherwise well screwed.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 57 KB
  • #385,029
  • Jul 2, 2014 8:39am Jul 2, 2014 8:39am
Quoting JimmyC
{quote} Incredible, even a minor support is now a major obstacle...truly dangerous..
Even Pee Yew isn't dropping.
Ghost Rider - WWTBMD?
  • #385,030
  • Jul 2, 2014 8:39am Jul 2, 2014 8:39am
it will need some balls to take out 7200 today or the high for that matter. sooner or later it has to forget abt the fact that forexfactory traders are shorting and that is why it needs to go up. cmom we are not wrong for so long now
  • #385,031
  • Jul 2, 2014 8:40am Jul 2, 2014 8:40am
Quoting Ill-b-back
{quote} It's a pisser bro for sure, don't know how you do it man. Longer term, I see price staying above and to the right of these brown boundaries fences if you want my honest opinion {image}
your chart is fictional
  • #385,032
  • Jul 2, 2014 8:40am Jul 2, 2014 8:40am
Quoting TauTrader
Good day to all the clever traders out there. Yes - I'm in a spot of bother.. Closed EU, but holding GU and CAD. It's like throwing a set of spikes under a vehicle with solid rubber wheels. Last hope is a red candle today. This may indicate bearishness for a day or 2 to allow me a door out. Otherwise well screwed. Regards {image}
... CLASSIC!!
Ghost Rider - WWTBMD?
  • #385,033
  • Jul 2, 2014 8:41am Jul 2, 2014 8:41am
Quoting JimmyC
{quote} Incredible, even a minor support is now a major obstacle...truly dangerous..

This pair had been bullish, and will offer bounce in each and every support.

It takes time to for the Bearers to take control.

It matches with the Theory what I studied about support and resistance.

To me, the Price is not going to see new high unless and until correction is complete.
Intraday only.
  • #385,034
  • Jul 2, 2014 8:43am Jul 2, 2014 8:43am
Quoting Perspolis
{quote} your chart is fictional

cheers
Come with me if you want to live....
  • #385,035
  • Jul 2, 2014 8:46am Jul 2, 2014 8:46am
Quoting navk
{quote} This pair had been bullish, and will offer bounce in each and every support. It takes time to for the Bearers to take control. It matches with the Theory what I studied about support and resistance. To me, the Price is not going to see new high unless and until correction is complete.
Just curious here sir. What would be a completed correction from here to you?
Ghost Rider - WWTBMD?
  • #385,036
  • Jul 2, 2014 8:49am Jul 2, 2014 8:49am
Quoting albchr
{quote} Just curious here sir. What would be a completed correction from here to you?

A support area which holds it.
Intraday only.
  • #385,037
  • Jul 2, 2014 8:51am Jul 2, 2014 8:51am
Quoting albchr
{quote} Just curious here sir. What would be a completed correction from here to you?
Now it is between 7138 to 7176.

If 7138 holds and 7176 is broken, then 7136 is completed correction.

If 7136 is taken off, then 7100.

If 7100 is taken off, then 7060.

If 7060 is taken off, then 7035.

IF THE PRICE HOLDS NEAR 7076 FOR LONG, WE CAN FAIRLY ASSUME THAT THE PRICE IS BOUND TO BREAK 7076.
Intraday only.
  • #385,038
  • Jul 2, 2014 8:53am Jul 2, 2014 8:53am
Quoting navk
{quote} A support area which holds it.
Ummm...oh. Ok then. Would this one qualify? I just wondering which of the many below us you would look for.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm5.png Size: 69 KB
Ghost Rider - WWTBMD?
  • #385,039
  • Jul 2, 2014 8:54am Jul 2, 2014 8:54am
Quoting navk
{quote} Now it is between 7138 to 7176. If 7138 holds and 7176 is broken, then 7136 is completed correction. If 7136 is taken off, then 7100. If 7100 is taken off, then 7060. If 7060 is taken off, then 7035.
Gotcha! Thanks
Ghost Rider - WWTBMD?
  • #385,040
  • Jul 2, 2014 8:58am Jul 2, 2014 8:58am
Quoting albchr
{quote} Gotcha! Thanks
See the chart here :

The price has bounced off from support and retraced almost 50 %.

If it passes 62 % and more, I can safely say bullish strength continues, until then no.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 63 KB
Intraday only.
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