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Cable Update (GBPUSD)

  • #389,601
  • Jul 29, 2014 4:40am Jul 29, 2014 4:40am
1.6950 support gang. say bye bye to your support
  • #389,602
  • Jul 29, 2014 4:43am Jul 29, 2014 4:43am
Quoting albchr
{quote} In the end, that's all we can do. Just a general question to all as I'm curious what others think here. Being we're still in a "technical" bull trend and ignoring the structure of this turn for a moment..... What level would most of you think needs to be broken to call this a trend change? Question is open to all. Thanks in advance.
169 250 ish definatley a further drop for sure but a small one thats my point of turning

btw i bought thrusday at 169 720

so even in this mo 20 pips is small change right and i like to have a 50 pip allowance so 169 250
  • #389,603
  • Jul 29, 2014 4:45am Jul 29, 2014 4:45am
Quoting Bones
usd is challenging last week high ,sure looks bullish to me usd lfx {quote}
u sure there - nice one .. btw u north or south on the island - got loads of mates out there too awesome place u must be so happy out there way to go hombre
  • #389,604
  • Jul 29, 2014 4:45am Jul 29, 2014 4:45am
Quoting Wuza
{quote} 1,695 would be the first sign, then I'd say 1,67 would be the clear sign that trend has turned with 1,625-1,63 would confirm that we are in bearish structure.
Thank you Wuza and .... long time no see.

I hadn't considered the 1.625/1.63 as "confirmation" but the 1.67 broken, tested and rejected was my thinking as the clear change. Appreciate your reply.
Ghost Rider - WWTBMD?
  • #389,605
  • Jul 29, 2014 4:45am Jul 29, 2014 4:45am
Quoting DerekTrotter
{quote} 169 250 ish definatley a further drop for sure but a small one thats my point of turning btw i bought thrusday at 169 720 so even in this mo 20 pips is small change right and i like to have a 50 pip allowance so 169 250
what if 6851 comes today. then what happens to your 6972 buy
  • #389,606
  • Jul 29, 2014 4:47am Jul 29, 2014 4:47am
ive never been its a saying when trading well

Quoting DerekTrotter
{quote} u sure there - nice one .. btw u north or south on the island - got loads of mates out there too awesome place u must be so happy out there way to go hombre
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #389,607
  • Jul 29, 2014 4:47am Jul 29, 2014 4:47am
Quoting Bones
here s the deal {quote}
big time
  • #389,608
  • Jul 29, 2014 4:51am Jul 29, 2014 4:51am
Quoting giveachance
{quote} I am short from 7150. what are you trying to prove. you are the only one maing profit???
Welcome

Nice to have you on board, would you care for some of DerekTrotter's crumpets while we wait?

He is so generous with his longs, please don't be rude now and refuse.

HDA OUT
  • #389,609
  • Jul 29, 2014 4:51am Jul 29, 2014 4:51am
Quoting DerekTrotter
{quote} 169 250 ish definatley a further drop for sure but a small one thats my point of turning btw i bought thrusday at 169 720 so even in this mo 20 pips is small change right and i like to have a 50 pip allowance so 169 250
So you are very close to a bear overall then. A break and hold below 6900 would have you selling rallies instead of buying dips?
Ghost Rider - WWTBMD?
  • #389,610
  • Jul 29, 2014 4:53am Jul 29, 2014 4:53am
Quoting giveachance
{quote} what if 6851 comes today. then what happens to your 6972 buy
then i take a dump big time lol ..
  • #389,611
  • Jul 29, 2014 4:56am Jul 29, 2014 4:56am
Quoting albchr
{quote} So you are very close to a bear overall then. A break and hold below 6900 would have you selling rallies instead of buying dips?
i would talking with jack daniels for a few days if it hits under the 169 ..
and then see if his mates are around too -
  • #389,612
  • Jul 29, 2014 4:59am Jul 29, 2014 4:59am
Quoting giveachance
{quote} what rules?? who set the rules?? monthly is down

month is up, need i really say more???? its not a yearly chart, for the last 13 months the monthly has been trending higher , there for its up based on a trend line which even broke the consolidation high....

anyone who says the monthly chart is down and bearish needs a shake lol ( in a good way of course) monthly demand in control

if you had taken a trade 12 months ago short would you be in profit, NO, if you took a trade short 6 months ago would you be in profit NO, if you took a trade short 3 months ago would you be in profit NO......... MONTH is UP
  • #389,613
  • Jul 29, 2014 5:00am Jul 29, 2014 5:00am
6700 is a better target ,lets see how day close ,but bear in mind it just bounced off 1.7 these last few days consolidation ,

Quoting DerekTrotter
{quote} i would talking with jack daniels for a few days if it hits under the 169 .. and then see if his mates are around too -
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #389,614
  • Jul 29, 2014 5:04am Jul 29, 2014 5:04am
Quoting Bones
6700 is a better target ,lets see how day close ,but bear in mind it just bounced off 1.7 these last few days consolidation , {quote}
if this week 1.69 doesnt go ..i will be amazed
  • #389,615
  • Jul 29, 2014 5:07am Jul 29, 2014 5:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 101 KB
that was a chart a couple of days ago , now see if it go back 6875 ish or carrys on past
  • #389,616
  • Jul 29, 2014 5:07am Jul 29, 2014 5:07am
Quoting DerekTrotter
{quote} i would talking with jack daniels for a few days if it hits under the 169 .. and then see if his mates are around too -
Interesting.... lol
Ghost Rider - WWTBMD?
  • #389,617
  • Jul 29, 2014 5:09am Jul 29, 2014 5:09am
Quoting DerekTrotter
{quote} i would talking with jack daniels for a few days if it hits under the 169 .. and then see if his mates are around too -

well looks like u gonna make a few more buddies
  • #389,618
  • Jul 29, 2014 5:12am Jul 29, 2014 5:12am
Quoting nAVIN2007
{quote} well looks like u gonna make a few more buddies
Patience now Nav - the ref has not even blown the whistle for half time .. game of two halves
he who laughs last lets not forget ..
  • #389,619
  • Jul 29, 2014 5:12am Jul 29, 2014 5:12am
Quoting HDA
I remain short HDA OUT
Never mind ... Napoleon was short too. Try to make the best out of it.
Fix up, trade sharp ...
  • #389,620
  • Jul 29, 2014 5:12am Jul 29, 2014 5:12am
Quoting DerekTrotter
{quote} Patience now Nav - the ref has not even blown the whistle for half time .. game of two halves
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