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Cable Update (GBPUSD)

  • #390,821
  • Aug 1, 2014 8:01am Aug 1, 2014 8:01am
Looks pretty bullish to me… I am color blind though soo………..
  • #390,822
  • Aug 1, 2014 8:02am Aug 1, 2014 8:02am
Quoting Ken A
{quote} Equities and bonds don't blink from the data - wait and see what's next
S&P massively oversold levels short term on after hours selling… could have nice bounce before going lower…. would be looking to sell strong bounce in coming days
  • #390,823
  • Aug 1, 2014 8:04am Aug 1, 2014 8:04am
Quoting Ken A
{quote} Equities and bonds don't blink from the data - wait and see what's next
equities across the board have been falling nonstop past few days already
Hear the music before the song is over ...
  • #390,824
  • Aug 1, 2014 8:04am Aug 1, 2014 8:04am
Quoting HDA
This is a heads up I am currently planning my position trade to go long GBP/USD to 1.7600 after I close this retrace short trade. HDA OUT

When ever you plan something there are lot of reason and research behind it. so do let us know when you confirm your plan because in my trading plan i have already plan to go there...
  • #390,825
  • Aug 1, 2014 8:06am Aug 1, 2014 8:06am
Quoting Ken A
{quote} Hey LOL

You planning on holding GBP/XXX for a while if we move higher today?
  • #390,826
  • Aug 1, 2014 8:07am Aug 1, 2014 8:07am
gbp jpy is short
also
gbp cad ,gbp nzd ,gbp aud ,

I hold these postions
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,827
  • Aug 1, 2014 8:07am Aug 1, 2014 8:07am
Huge move in XAU to 1296 res just now..
  • #390,828
  • Aug 1, 2014 8:07am Aug 1, 2014 8:07am
Quoting Ck87
{quote} You planning on holding GBP/XXX for a while if we move higher today?
Yes, hold it until have further confirmation then decide.
  • #390,829
  • Aug 1, 2014 8:08am Aug 1, 2014 8:08am
not really

Quoting Ken A
So the direction has changed? lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,830
  • Aug 1, 2014 8:11am Aug 1, 2014 8:11am
I don't see it changing this week ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,831
  • Aug 1, 2014 8:13am Aug 1, 2014 8:13am
6850 seems to be resistance!!!!
  • #390,832
  • Aug 1, 2014 8:14am Aug 1, 2014 8:14am
Its all USD today, no point even putting GBP in there.
All posts are my personal opinion
  • #390,833
  • Aug 1, 2014 8:14am Aug 1, 2014 8:14am
Note to myself: Cable is never overbought/oversold.

Can't believe I got out of this week without a loss, trying to catch the falling knife. Just shows how important SLs are, because there is always lower to buy or higher to sell. Well, luckily the week is over, no more open trades, uff.
Everyone can see the chart, but only a few can actually read it.
  • #390,834
  • Aug 1, 2014 8:16am Aug 1, 2014 8:16am
look like were still going down ??? best thing was pulling the trade,, 36 and up,,,???? or back down
  • #390,835
  • Aug 1, 2014 8:17am Aug 1, 2014 8:17am
Quoting elbert3
look like were still going down ??? best thing was pulling the trade,, 36 and up,,,???? or back down
Safer to wait for the next news, I will only buy with confidence, if data is good and we re-visit the lows. From slightly above 1.68 I'm not afraid to hold longs.
Everyone can see the chart, but only a few can actually read it.
  • #390,836
  • Aug 1, 2014 8:18am Aug 1, 2014 8:18am
Quoting OnlineAddict
Note to myself: Cable is never overbought/oversold. Can't believe I got out of this week without a loss, trying to catch the falling knife. Just shows how important SLs are, because there is always lower to buy or higher to sell. Well, luckily the week is over, no more open trades, uff.
Just when we think the market has topped or bottomed and it's ready to move in a certain direction, it usually continues one more shot to the upside or downside to fool us and throw us off. Happens a super high % of the time.

When I was most consistent in my trading (didn't last) I always waited for that one extra shot to the upside or downside before entering positions.. worked really well… don't know why I stopped doing that!
  • #390,837
  • Aug 1, 2014 8:19am Aug 1, 2014 8:19am
Quoting elbert3
look like were still going down ??? best thing was pulling the trade,, 36 and up,,,???? or back down
We going back to 1.7
All posts are my personal opinion
  • #390,838
  • Aug 1, 2014 8:20am Aug 1, 2014 8:20am
long @ 1.6835 , sl: 1.6805 , tp: open
Hear the music before the song is over ...
  • #390,839
  • Aug 1, 2014 8:22am Aug 1, 2014 8:22am
Quoting Ck87
{quote} Just when we think the market has topped or bottomed and it's ready to move in a certain direction, it usually continues one more shot to the upside or downside to fool us and throw us off. Happens a super high % of the time. When I was most consistent in my trading (didn't last) I always waited for that one extra shot to the upside or downside before entering positions.. worked really well… don't know why I stopped doing that!
I know, mentally, when we give up on a direction, thats when it mostly turns. I didn't give up on longs, but really want to buy from around 6820 again. Maybe there won't be a chance, but then I rather wait for monday.
Everyone can see the chart, but only a few can actually read it.
  • #390,840
  • Aug 1, 2014 8:25am Aug 1, 2014 8:25am
Quoting Rtm
{quote} We going back to 1.7
lets hope so i was thinking this could be the trigger back up to 20 ema on the day chart as we are far from it now,,gl thanks E
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