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Cable Update (GBPUSD)

  • #391,501
  • Aug 6, 2014 2:20am Aug 6, 2014 2:20am
I see a strong possibility of pound closing the february gap around 1.6400 in weeks to come. thats a long way off but all charts are starting to look a bit overstretched now. gbp/cad is way too overstretched but can still go to 1.90 bcoz cad has done pathetic in the past 4 weeks since its employment data.
  • #391,502
  • Aug 6, 2014 2:20am Aug 6, 2014 2:20am
I am also weary of shorts, can't see it last, but for now it still bearish on the 4H although my D shows bullish, so watching her.
  • #391,503
  • Aug 6, 2014 2:21am Aug 6, 2014 2:21am
Quoting Bydyke
{quote} I suggest you wait until the next hour close. PA is looking bearish at the moment but these few minutes might give a clue
I can not wait already, i used limit order...
Anything is math!
  • #391,504
  • Aug 6, 2014 2:22am Aug 6, 2014 2:22am
i think today it went down below the nfp lows. so ideally one data has overrided the another and gbp is bearish now
  • #391,505
  • Aug 6, 2014 2:23am Aug 6, 2014 2:23am
Quoting elbert3
S3..1.6781 S2...1.6823 S1. 1.6865 R1..1.6910 R2...1.6953 R3 .. 1.6995 mine stopped at 25 ??? {image} like to see break the tls

6838 area certainly proving tough for the moment. The news couldn't take it out. Appears PA wants to pull back to the 50 region before testing this area again. H4 has given it to the bears for now
  • #391,506
  • Aug 6, 2014 2:23am Aug 6, 2014 2:23am
Quoting IveGotQuads
{quote} I like this trade ...buy order triggered @ 1.6840 with a 20 pip tight SL and open target. When I look at the dailies I see a strong support around the 1.6825 zone...I just dont see myself selling at this point even tho the trend traders may think otherwise. Combine this with the confluence of heavy Euro selling for like forever and the overbought position of the USD/yen on the dailies I say its a nice Risk to reward I can sleep well at night with. GL guys
I would have to get some profit after 3 consecutive loss...
The D1 will decide in my mind....
Anything is math!
  • #391,507
  • Aug 6, 2014 2:28am Aug 6, 2014 2:28am
poss like gbp jpy you see a defective pattern ,close under is high prob in line with monthly ,


Quoting Bones
break ? {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD d1 falling (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,508
  • Aug 6, 2014 2:35am Aug 6, 2014 2:35am
Quoting albchr
{quote} Good Morning (Night) my brother. I suspect we shall see some shiny green numbers for GBP today. That should launch us to nice short areas. Oddly enough, the 50ema on daily sits right at 6960 as of now. Coincidence? ... ...
Bounce at 50 fib/6826 support.

Off to work, see you later Chris
Come with me if you want to live....
  • #391,509
  • Aug 6, 2014 2:37am Aug 6, 2014 2:37am
Quoting Bydyke
{quote} 6838 area certainly proving tough for the moment. The news couldn't take it out. Appears PA wants to pull back to the 50 region before testing this area again. H4 has given it to the bears for now
Hi I think the breakout of the doji type candle does it for me,,we have to see where this candle close Regards E
Attached Image (click to enlarge)
Click to Enlarge Name: 4h2.png Size: 83 KB
  • #391,510
  • Aug 6, 2014 2:39am Aug 6, 2014 2:39am
Quoting Ill-b-back
{quote} Bounce at 50 fib/6826 support. Off to work, see you later Chris
It's messy for sure... lol I remain flat (on cable) for now. Not a good spot for me atm. Best wishes brother.
Ghost Rider - WWTBMD?
  • #391,511
  • Aug 6, 2014 2:43am Aug 6, 2014 2:43am
Quoting albchr
{quote} It's messy for sure... lol I remain flat (on cable) for now. Not a good spot for me atm. Best wishes brother.
Morning Al,, sorry busy in and out ,,gl B
  • #391,512
  • Aug 6, 2014 2:45am Aug 6, 2014 2:45am
Trade confirmation
On 06-Aug-2014 at 09:17:14 (GMT)
You sold 10 GBPUSD @ 1.68399 for value date 08-Aug-2014
Front office position id: 140539606
Account: 5589929

Just hit 10 ema on the 5 min ready to go again, all bearish up to weekly looks like a rejection 38% pull back on the weeks before bear candle
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 92 KB
will it fall out of bed ???
  • #391,513
  • Aug 6, 2014 2:51am Aug 6, 2014 2:51am
Doesn't look like a hangman , pullback to 1.6850s more likely
Quoting Bones
poss like gbp jpy you see a defective pattern ,close under is high prob in line with monthly , {quote} {image}
Hear the music before the song is over ...
  • #391,514
  • Aug 6, 2014 2:52am Aug 6, 2014 2:52am
Quoting cspip
{quote} {quote} and again stopped at 1.6887......... Lets see if current 4 hour can close above 1.6864 (and 60) Will it spike down to 1.6838?.....(and close above 1.6838?)
  • #391,515
  • Aug 6, 2014 2:54am Aug 6, 2014 2:54am
I can clearly see falling 2 gbp jpy d1

Quoting GlobalMacro
Doesn't look like a hangman , pullback to 1.6850s more likely{quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,516
  • Aug 6, 2014 3:01am Aug 6, 2014 3:01am
You attached a cable chart in the last post , that's what I was referring to
Quoting Bones
I can clearly see falling 2 gbp jpy d1 {quote}
Hear the music before the song is over ...
  • #391,517
  • Aug 6, 2014 3:08am Aug 6, 2014 3:08am
the charts are the same G ,strong $ ,strong jpy ,

Quoting GlobalMacro
You attached a cable chart in the last post , that's what I was referring to {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,518
  • Aug 6, 2014 3:08am Aug 6, 2014 3:08am
weak £
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,519
  • Aug 6, 2014 3:09am Aug 6, 2014 3:09am
usd jpy down ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,520
  • Aug 6, 2014 3:10am Aug 6, 2014 3:10am
Quoting elbert3
{quote} Morning Al,, sorry busy in and out ,,gl B
Morning Billy. No worries, me too.
Ghost Rider - WWTBMD?
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