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Cable Update (GBPUSD)

  • #390,601
  • Jul 31, 2014 5:03pm Jul 31, 2014 5:03pm
Pending sell order 6890, not sure if it gets hit within the next 2 hours. Looking for re-test of lows and then up to 6950 tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #390,602
  • Jul 31, 2014 5:05pm Jul 31, 2014 5:05pm
Quoting elbert3
{quote} can you expand on that ken ie numbers ,,regards E
If you mean the buy limit, it is set at 1.67050.

I am in no way bearish GBP but bullish USD for the obvious reason and don't have bias because at the same time also holding GBPJPY and GBPCAD long for different reason.
  • #390,603
  • Jul 31, 2014 5:08pm Jul 31, 2014 5:08pm
Quoting albchr
{quote} I like it --------->
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 110 KB
The outcome of this lets us know where for the next hour or so red 20 cross green 200 should be up to trade back to the 200 if yoy follow that
  • #390,604
  • Jul 31, 2014 5:10pm Jul 31, 2014 5:10pm
Quoting Ken A
{quote} If you mean the buy limit, it is set at 1.67050. I am in no way bearish GBP but bullish USD for the obvious reason and don't have bias because at the same time also holding GBPJPY and GBPCAD long for different reason.
if your buy is 7050 why are you not trading down to that level ??
  • #390,605
  • Jul 31, 2014 5:12pm Jul 31, 2014 5:12pm
Quoting elbert3
{quote} {image}The outcome of this lets us know where for the next hour or so red 20 cross green 200 should be up to trade back to the 200 if yoy follow that
I follow it Billy. Just think we're looking a touch beyond an hour or so here. Why are you still up? You baaaaadddd boy... ... lol
Ghost Rider - WWTBMD?
  • #390,606
  • Jul 31, 2014 5:13pm Jul 31, 2014 5:13pm
Quoting elbert3
{quote} if your buy is 7050 why are you not trading down to that level ??
... lol
Ghost Rider - WWTBMD?
  • #390,607
  • Jul 31, 2014 5:14pm Jul 31, 2014 5:14pm
Quoting elbert3
{quote} if your buy is 7050 why are you not trading down to that level ??
Indeed, but following the market not going against it.

BTW, have short from 1.7 as shown in the chart

http://www.forexfactory.com/attachme...1&d=1406843020
  • #390,608
  • Jul 31, 2014 5:15pm Jul 31, 2014 5:15pm
Quoting hollowhead
{quote} Added one more short - I think that may be it, unless I see something really obvious. (Charts for the two accounts for those who insist messaging for proof) Good trading all. {image}{image}


Seems there IS something in that Hollow Head
Come with me if you want to live....
  • #390,609
  • Jul 31, 2014 5:20pm Jul 31, 2014 5:20pm
Quoting albchr
{quote} I follow it Billy. Just think we're looking a touch beyond an hour or so here. Why are you still up? You baaaaadddd boy... ... lol
because i have to win AL ,,,,JUST STAY AWAKE ,, , i am looking to sell this but am trading towards it to get the best high to short
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 115 KB
se the last time 200 crossed and price went down we should see the seme but up,,,if not and it holds then back down
  • #390,610
  • Jul 31, 2014 5:25pm Jul 31, 2014 5:25pm
Quoting elbert3
{quote} because i have to win AL ,,,,JUST STAY AWAKE ,, , i am looking to sell this but am trading towards it to get the best high to short {image} se the last time 200 crossed and price went down we should see the seme but up,,,if not and it holds then back down
Ok buddy ... The Vino ... must be Primo tonight. Is it red, or is white?
Ghost Rider - WWTBMD?
  • #390,611
  • Jul 31, 2014 5:28pm Jul 31, 2014 5:28pm
Quoting albchr
{quote} Ok buddy ... The Vino ... must be Primo tonight. Is it red, or is white?
red and now orange juice ..lol good guy ,,,
  • #390,612
  • Jul 31, 2014 5:42pm Jul 31, 2014 5:42pm
Quoting albchr
{quote} LOL... you've been hanging out with Ken too much ...
Now you know why
A good trader follows his rules, but great trader knows when to break them
  • #390,613
  • Jul 31, 2014 6:04pm Jul 31, 2014 6:04pm
Quoting ill_be_back
{quote} Now you know why
That would suggest ... I didn't already?
Ghost Rider - WWTBMD?
  • #390,614
  • Jul 31, 2014 6:07pm Jul 31, 2014 6:07pm
Let's have a little fun here. (Throw some more confusion in the ring as it's end of month)

GU - Weekly - Just an interesting little tidbit. This fib is setup on June's bullish bar low to high.

This month stretched up a little beyond the 1.13 extension and then retraced an "almost" perfect 61.8%. I say almost because the 61.8% is 1.68570 and July's low is 1.68558 (on my feed). Piercing the fib by 1.2 pips.

Just thought that was ... interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmweekly.png Size: 59 KB
Ghost Rider - WWTBMD?
  • #390,615
  • Jul 31, 2014 6:20pm Jul 31, 2014 6:20pm
best time to buy for retrace ,up before down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,616
  • Jul 31, 2014 6:30pm Jul 31, 2014 6:30pm
gbp usd just opened ..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,617
  • Jul 31, 2014 6:33pm Jul 31, 2014 6:33pm
Can EU get 1.3326 tomorrow .............GJ 172.770.........
  • #390,618
  • Jul 31, 2014 6:35pm Jul 31, 2014 6:35pm
engulfing to hang man ,
hang man is a tricky pattern ,as next could be shooting star, i.e hang man can be just warning ,

Quoting Bones
now you can see how silly what hda tells you long no matter what , {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD d1 no 2 (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,619
  • Edited 8:34pm Jul 31, 2014 8:14pm | Edited 8:34pm
Quoting OnlineAddict
Pending sell order 6890, not sure if it gets hit within the next 2 hours. Looking for re-test of lows and then up to 6950 tomorrow.
Out at 6882, bears are so done...this shit is so oversold, they can barely move it 5 pips now...until they can break at least 79, which seems to be a huge issue, I'm not selling. Thinking about longing it, but not yet, want to wait it out a little. But this PA is making me a headache...especially the 5 pip euro range, which holds for half the day. lol

EDIT: 79 just broke...looking into a long, but after a little stabilization, the lower, the better.
Everyone can see the chart, but only a few can actually read it.
  • #390,620
  • Jul 31, 2014 8:18pm Jul 31, 2014 8:18pm
Quoting cspip
Can EU get 1.3326 tomorrow .............GJ 172.770.........
It looks like bears had enough for the week, time to take some profit. I will buy cable even if GBP news are bad...on the dip, of course.
Everyone can see the chart, but only a few can actually read it.
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