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Cable Update (GBPUSD)

  • #385,341
  • Jul 3, 2014 8:19am Jul 3, 2014 8:19am
Quoting cspip
may head back to days open, or bounce from 1.7117 first
or touch 1.7147 then down
  • #385,342
  • Jul 3, 2014 8:19am Jul 3, 2014 8:19am
i t is just the bounce from 100 hr EMA and previous line support 1.7100.

To me, the indications are bearish.
Intraday only.
  • #385,343
  • Jul 3, 2014 8:21am Jul 3, 2014 8:21am
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
You've got shorts open at 1,698!! Man , you've got a serious money management problem.
  • #385,344
  • Jul 3, 2014 8:21am Jul 3, 2014 8:21am
All majors staying low, but GBP...............check out GBPAUD !


should get to 1.8640 in a few days
  • #385,345
  • Jul 3, 2014 8:22am Jul 3, 2014 8:22am
This pair don't follow the rule.

Short @1.71242 and @1.70968
  • #385,346
  • Jul 3, 2014 8:22am Jul 3, 2014 8:22am
Quoting ffleo
WTF, if BOE is not behind the scene, why it bounce up in the face of all major currencies drop against dollar??
EUR/GBP cross just made a new low, it's pushing GBP USD up
  • #385,347
  • Jul 3, 2014 8:23am Jul 3, 2014 8:23am
Quoting cspip
All majors staying low, but GBP...............check out GBPAUD !
It got to be BOE to be so brave to pump it up against the dollar while all others drop against the dollar.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,348
  • Jul 3, 2014 8:26am Jul 3, 2014 8:26am
Quoting makati
{quote} EUR/GBP cross just made a new low, it's pushing GBP USD up
it does not need cable to go up for EG to go down. Just needed Euro to drop more than pound
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,349
  • Jul 3, 2014 8:27am Jul 3, 2014 8:27am
it was coming down hard to the bottom of the assending 4h BBand. There is a trend line on 7155, so (should) stop before getting there
Second star to the right, and straight on 'til morning
  • #385,350
  • Jul 3, 2014 8:29am Jul 3, 2014 8:29am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 29 KB
Click to Enlarge Name: gbpusdh11.png Size: 24 KB
Click to Enlarge Name: gbpusdh4.png Size: 29 KB
Come with me if you want to live....
  • #385,351
  • Jul 3, 2014 8:29am Jul 3, 2014 8:29am
I still think GU will get to 1.7230 in a few days
  • #385,352
  • Jul 3, 2014 8:30am Jul 3, 2014 8:30am
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 103 KB
that looks like it could fall of of bed ???
  • #385,353
  • Jul 3, 2014 8:32am Jul 3, 2014 8:32am
Ok..we are back where we start...unbelievable
  • #385,354
  • Jul 3, 2014 8:33am Jul 3, 2014 8:33am
Quoting elbert3
{image} that looks like it could fall of of bed ???
I think it's a fakey for the retest.

Also 3578 area very good monthly support

Will see how today / this week ends
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 34 KB
Come with me if you want to live....
  • #385,355
  • Jul 3, 2014 8:35am Jul 3, 2014 8:35am
Quoting Nan-ook
Ok..we are back where we start...unbelievable
Today's open price is 7162.

Daily pivot is 7160.

These levels are important.
Intraday only.
  • #385,356
  • Jul 3, 2014 8:36am Jul 3, 2014 8:36am
Quoting kaka_ht
Anyone know where HDA is? I want to see his comment!
Quoting giveachance
{quote} don't worry about him boss. he occasionally gets wrong. he must have bagged a good 1000-1500 pips on his last gbp/usd position and he trades big lots. so he is already doing good irrespective of the small loses he may have
Dear Forex Factory Members and Guests,

You have not lost on a trade, until it closes.


If you understand Davit's style of trading you can scale in your shorts. Davit sometimes tend to scale in too earlier.

The bulls are trying to target 1.7330 - lets see what happens -


Once again, I am a position trader, not a day trader. Just to be clear, a 30 pip stop for a day trader is a 300 pip stop for a position trader.

The bulls are trying to target 1.7330 - lets see what happens -


I do not react to daily movements in the market like a day trader would.


A day trader's risk tolerance is much much lower than a position trader's risk tolerance.


As stated earlier in my previous posts. Nothing has changed. I remain short to 1.6900


Unless I indicate that I have closed my trade, My trade remains the same.

Short - 1.7045
TP - 1.6900

If the need arises to scale in Higher, I will adjust - once again - You have not lost on a trade, until it closes.

Please see previous posts:
http://www.forexfactory.com/showthre...02#post7547902 - June 19, 2014 at 8:33am
http://www.forexfactory.com/showthre...47#post7549347 - June 19, 2014 at 10:17pm
http://www.forexfactory.com/showthre...29#post7565129 - June 26, 2014 at 8:36pm

Here is part of the post:

GBP/USD
Update

Nothing has changed, regardless of anything you see happening in the market, holding short to 1.6900. Up on reaching 1.6900, not at, but up on reaching 1.6900, reevaluate whether to exit or hold to 1.6700

HDA OUT

The bulls are trying to target 1.7330 - lets see what happens -
  • #385,357
  • Jul 3, 2014 8:36am Jul 3, 2014 8:36am
Quoting Mr. Scott
{quote} {quote} If I remember, he was long GCAD from about 1.67 or so with most of the swaps offset by a long GBPUSD trade. Now, apparently expecting a pullback he is short the pound. I was too and hope to be again soon. I am pretty sure I posted that chart here. Anyway, here are a few charts. There is more, but I guess I am trying to convey a lot of information in a couple of charts on some larger tf's. {image} {image} {image}
@Mr. Scott:

Thank you

I remain long GBP/CAD to 1.9000

HDA OUT
  • #385,358
  • Jul 3, 2014 8:36am Jul 3, 2014 8:36am
@Carlicus:

Please read previous posts as follows: GREEN D extension

Thursday, May 8, 2014 at 7:32pm
http://www.forexfactory.com/showthre...18#post7458218

Thursday, May 8, 2014 at 7:40pm
http://www.forexfactory.com/showthre...22#post7458222

Thursday, May 8, 2014 at 7:44pm
http://www.forexfactory.com/showthre...26#post7458226

Thursday, May 8, 2014 at 7:57pm
http://www.forexfactory.com/showthre...36#post7458236

HDA OUT

The bulls are trying to target 1.7330 - lets see what happens -
  • #385,359
  • Jul 3, 2014 8:38am Jul 3, 2014 8:38am
Quoting GlobalMacro
{quote} Hi Delta, starting to nibble already...
if itīs not this pair which is qualifying for the buy-the-dip scheme, what else? got long @ S2 (1,7121) after having a funny minute with my 14:29-short followed by intense eurusd-scalping because of lord draghilas speach. sl now @be
fortis fortuna adiuvat
  • #385,360
  • Jul 3, 2014 8:39am Jul 3, 2014 8:39am
Quoting elbert3
{image} that looks like it could fall of of bed ???
I will buy euro when it gets close to 3560
ignore wackos and psychos, including myself. But I can't add myself to iggy
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