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Cable Update (GBPUSD)

  • #385,321
  • Jul 3, 2014 7:47am Jul 3, 2014 7:47am
Quoting HareshBM
{quote} The upper trend-line resistance of an ascending channel formation on daily chart + RSI above 70 could possibly cap the upside. Would like to see a pull-back to 1.7060-50 before resumption of further up-move to 1.7220. {image}
GBPUSD seems vulnerable to further downside, at-least till 1.7060-40.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily 03072014.png Size: 6 KB
  • #385,322
  • Jul 3, 2014 7:49am Jul 3, 2014 7:49am
Quoting ffleo
{quote} guys, take off your long pants, and keep only your shorts.
Sir do you think today's spike level 107.1 is to be confirmed?
  • #385,323
  • Jul 3, 2014 7:50am Jul 3, 2014 7:50am
Quoting Ill-b-back
Nice number but not convinced of this top Looks a bit round to me {image}
A round top is a nice top, better than a sharp top.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,324
  • Jul 3, 2014 7:51am Jul 3, 2014 7:51am
Quoting number15
{quote} Sir do you think today's spike level 107.1 is to be confirmed?
today does not matter that much. look at the dollar and the dollar will bounce big, for weeks to come
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,325
  • Jul 3, 2014 7:53am Jul 3, 2014 7:53am
Quoting ffleo
{quote} ignore wackos and psychos.
Hey, Jason, Freddy and Chucky are my best friends
Second star to the right, and straight on 'til morning
  • #385,326
  • Jul 3, 2014 7:53am Jul 3, 2014 7:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 94 KB
124 was support can it now become resistance??? it went through 110 that where i was taken out
S3 S2 S1 R1 R2 R3
1.70671.71101.71531.71921.72351. 7278
  • #385,327
  • Jul 3, 2014 7:53am Jul 3, 2014 7:53am
Quoting ffleo
{quote} today does not matter that much. look at the dollar and the dollar will bounce big, for weeks to come
dollar's bounce is already confirmed in early May
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,328
  • Jul 3, 2014 7:55am Jul 3, 2014 7:55am
Quoting Standov
{quote} Hey, Jason, Freddy and Chucky are my best friends
so you are telling me you do not have wacko or psycho friends?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,329
  • Jul 3, 2014 8:00am Jul 3, 2014 8:00am
Quoting ffleo
{quote} so you are telling me you do not have wacko or psycho friends?
that's right
Jason likes hockey

Freddy like to hang around with his teenage friends, but has some skin problems.
Chucky likes to dress funny
Attached Image
Second star to the right, and straight on 'til morning
  • #385,330
  • Jul 3, 2014 8:01am Jul 3, 2014 8:01am
Quoting Standov
{quote} that's right Jason likes hockey Freddy like to hang around with his teenage friends, but has some skin problems. Chucky likes to dress funny {image}
so 2/3 of them do appear wacho.

I will give Jason some probation time, the rest stay there in the mental institute.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,331
  • Jul 3, 2014 8:04am Jul 3, 2014 8:04am
Quoting ffleo
{quote} so 2/3 of them do appear wacho. I will give Jason some probation time, the rest stay there in the mental institute.
Second star to the right, and straight on 'til morning
  • #385,332
  • Jul 3, 2014 8:06am Jul 3, 2014 8:06am
Quoting Standov
{quote}
Do you have paper that can show Jason is mentally sound so that I can release him? I need official document.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,333
  • Jul 3, 2014 8:07am Jul 3, 2014 8:07am
If we can break and hold below 7110 ,monthly open that might just be the tail on top of a monthly bear candle
Where price is now, it has been before, and will be again.
  • #385,334
  • Jul 3, 2014 8:11am Jul 3, 2014 8:11am
its back above support of 171.3x
  • #385,335
  • Jul 3, 2014 8:11am Jul 3, 2014 8:11am
Quoting elbert3
709 come on it went through 123 111 and 105 i had next Trade confirmation On 03-Jul-2014 at 12:40:17 (GMT) You sold 5GBPUSD @ 1.71192 for value date 07-Jul-2014 Front office position id: 139894477 Account: 5589929
Trade confirmation
On 03-Jul-2014 at 13:09:22 (GMT)
You sold 2GBPUSD @ 1.71291 for value date 07-Jul-2014
Front office position id: 139896619
Account: _5589929
  • #385,336
  • Jul 3, 2014 8:16am Jul 3, 2014 8:16am
Guys whats happening why it is going back up.
Do you think it will close below 1.71 today?

Still have lot of shorts to close between 1.71 to 1.698
  • #385,337
  • Jul 3, 2014 8:16am Jul 3, 2014 8:16am
may head back to days open, or bounce from 1.7117 first
  • #385,338
  • Jul 3, 2014 8:17am Jul 3, 2014 8:17am
Quoting sthobani
Guys whats happening why it is going back up. Do you think it will close below 1.71 today? Still have lot of shorts to close between 1.71 to 1.698
They're pushing EURGBP lower with it going up and EURUSD staying lower
  • #385,339
  • Jul 3, 2014 8:19am Jul 3, 2014 8:19am
WTF, if BOE is not behind the scene, why it bounce up in the face of all major currencies drop against dollar??
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,340
  • Jul 3, 2014 8:19am Jul 3, 2014 8:19am
Buy the pair around 1.7140 targeting 1.7185, 1.7265 and 1.7305 and stop-loss below 1.7050.
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