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Cable Update (GBPUSD)

  • #386,701
  • Jul 11, 2014 10:07am Jul 11, 2014 10:07am
Quoting cspip
{quote} nope...........1.7098 last time
lets see if can get back upto 1.7126 ish before close-ish and EU to 1.3611 ish
  • #386,702
  • Jul 11, 2014 10:09am Jul 11, 2014 10:09am
Quoting cspip
{quote} lets see if can get back upto 1.7126 ish before close
I will be happy to add more shorts over there but I think that will remain a dream now.
  • #386,703
  • Jul 11, 2014 10:09am Jul 11, 2014 10:09am
Quoting giveachance
{quote} yes I did made. I think euro is in big trouble now. It has failed to close above 3628 which is bearish
check out weds and last friday posting i think i said its going to fall out of bed , i took 684 out and back short gain
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  • #386,704
  • Jul 11, 2014 10:14am Jul 11, 2014 10:14am
for real retrace to begin I need RSI8 and WR% below 50
so far its a real battle taking place of bulls and Bears
bounce from 50 going up suggest trend most likely either hold or continue its dominate direction.
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In trading, you have to be defensive and aggressive at the same time
  • #386,705
  • Jul 11, 2014 10:19am Jul 11, 2014 10:19am
The market is expected the BOE to raise rates. Maybe you will be able to grab several pips of technical retracement but long-term sake it may be wise to capitalize over the dips for long trades.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #386,706
  • Jul 11, 2014 10:19am Jul 11, 2014 10:19am
Quoting Davit
for real retrace to begin I need RSI8 and WR% below 50 so far its a real battle taking place of bulls and Bears bounce from 50 going up suggest trend most likely either hold or continue its dominate direction. {image}
hi Davit i have tp 708 on 4 positions that could be a small bounce to 120 area then short again i might leave a small trade on to see where it runs to if any
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  • #386,707
  • Jul 11, 2014 10:19am Jul 11, 2014 10:19am
Quoting elbert3
{quote} check out weds and last friday posting i think i said its going to fall out of bed , i took 684 out and back short gain {image}
On daily chart RSI is most effective 7-8 period 14 too lagging.
regards
In trading, you have to be defensive and aggressive at the same time
  • #386,708
  • Jul 11, 2014 10:20am Jul 11, 2014 10:20am
Quoting elbert3
{quote} hi Davit i have tp 708 on 4 positions that could be a small bounce to 120 area then short again i might leave a small trade on to see where it runs to if any {image}
it might just break and go south without you....
regards
In trading, you have to be defensive and aggressive at the same time
  • #386,709
  • Jul 11, 2014 10:24am Jul 11, 2014 10:24am
Quoting Davit
{quote} it might just break and go south without you.... regards
yes i will be watching,,i remember you telling me about rsi before and i did mean to change it but i forgot , just having another look on the day red 20 would be a buy area i would say for bulls ,a full correction would give HDA his target at 61%
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  • #386,710
  • Jul 11, 2014 10:28am Jul 11, 2014 10:28am
Quoting elbert3
Order placed On 11-Jul-2014 at 09:28:06 (GMT) You placed order to sell 5 GBPUSD spot @ 1.71515 limit G.T.C. . Front office order id: 56400119 Account: 5589929
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that was just before i went out,, what a difference a pip makes
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  • #386,711
  • Jul 11, 2014 10:28am Jul 11, 2014 10:28am
Quoting spinozagr
Good Morning buddies, New, so beautiful, bearish abcd pattern looking for 1,70860 valid till 1,7180 Venceremos {image}
h1, h4 have already confirmed the bearish patterns that have been appeared

d1, w1 have an unconfirmed but also bearish patterns

it is obvious -or at least to me- that we are in a south road...

Enjoy the trip

Have a nice weekend to all

and of course... VENCEREMOS
The good thing with the future is that it is progressively approaching...
  • #386,712
  • Jul 11, 2014 10:41am Jul 11, 2014 10:41am
drama over for today. I think we are done for today. we remain rangebound in 10 pips now. see u all on monday
  • #386,713
  • Jul 11, 2014 10:44am Jul 11, 2014 10:44am
Quoting Bones
chit chat yes ,non tradable chic chat thats all {quote}
LOL... for those who can't see beyond one day? Yes. Nothing but chit chat. For those who can, very valuable and tradable information.

You have to.....
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Ghost Rider - WWTBMD?
  • #386,714
  • Jul 11, 2014 10:52am Jul 11, 2014 10:52am
chris ,why is it you think I don't understand so much ,and you got it ,jeeps


Quoting albchr
{quote} LOL... for those who can't see beyond one day? Yes. Nothing but chit chat. For those who can, very valuable and tradable information. You have to..... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,715
  • Jul 11, 2014 10:52am Jul 11, 2014 10:52am
Quoting giveachance
drama over for today. I think we are done for today. we remain rangebound in 10 pips now. see u all on monday
expect the unexpected anytime.NY could drop this another 50pips by 4pm
In trading, you have to be defensive and aggressive at the same time
  • #386,716
  • Jul 11, 2014 10:54am Jul 11, 2014 10:54am
I would say it will close right there ,next week at least another 100 lower

Quoting Davit
{quote} expect the unexpected anytime.NY could drop this another 50pips by 4pm
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,717
  • Jul 11, 2014 10:57am Jul 11, 2014 10:57am
Quoting YardiFX
{quote} yes! move, i don't want to watch forest gump
Looks like no move...
Hear the music before the song is over ...
  • #386,718
  • Jul 11, 2014 10:58am Jul 11, 2014 10:58am
But I'm not going to bother with it ,


Quoting Bones
I would say it will close right there ,next week at least another 100 lower {quote}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,719
  • Jul 11, 2014 10:58am Jul 11, 2014 10:58am
I am not sure if you are aware but the European stress test results are due soon and also the UK is conducting its own stress test for its banks. This is likely to have a major impact on GBP as speculations will start flooding the market in August. If you are scalping than you can just ignore this. If you're not and you are using fundamental analysis for your trades I strongly suggest you will read this, European Banks Stress Test Predictions I guess it is also relevant for EURUSD and stock traders.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #386,720
  • Jul 11, 2014 11:01am Jul 11, 2014 11:01am
I disagree Bones, take a look:

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Strong support with 55WMA. Strong potential for a bullish correction within the next 2 weeks.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
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