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Cable Update (GBPUSD)

  • #391,801
  • Aug 7, 2014 8:21am Aug 7, 2014 8:21am
This is how I'm feeling right now after seeing some of the conversation going on in here right now without context...

Inserted Video
  • #391,802
  • Aug 7, 2014 8:25am Aug 7, 2014 8:25am
Quoting giveachance
{quote} I don't think it will stop at 6824. it may well slide to 6400 very easily. 6780 and below stops will build since that was the carney low before he opened his stinking mouth on a monday night which was June 1 I suppose
I'm not too bullish on GBPUSD as the fundamental concerning UK are stronger than that of its US counterparts.
  • #391,803
  • Aug 7, 2014 8:26am Aug 7, 2014 8:26am
Quoting Nate04
This is how I'm feeling right now after seeing some of the conversation going on in here right now without context... http://www.youtube.com/watch?v=vgqRis_czYg
.. Morning Nate ... Welcome to .... ....

My apologies to the Ladies who I know are present here. Sometimes, the Carpenter/Biker/Trucker in me sees an opportunity to have some fun and just can't dismiss it easily. Especially in a tear jerking boring market.
Ghost Rider - WWTBMD?
  • #391,804
  • Aug 7, 2014 8:26am Aug 7, 2014 8:26am
Quoting GlobalMacro
{quote} TL rejection or break ? What do you think ?
I think it should continue going down.
  • #391,805
  • Aug 7, 2014 8:28am Aug 7, 2014 8:28am
Quoting albchr
{quote} {quote} As HDA would say... I'M DYING HERE!!!
Come with me if you want to live....
  • #391,806
  • Aug 7, 2014 8:29am Aug 7, 2014 8:29am
be a bit cautious. gbp getting a bit stronger on the crosses.
  • #391,807
  • Aug 7, 2014 8:29am Aug 7, 2014 8:29am
i guess this is it for cable, i'll start accumulating
I recommend you read something else as this sentence is now concluded.
  • #391,808
  • Aug 7, 2014 8:30am Aug 7, 2014 8:30am
Quoting Fx_Anil
{quote} I think it should continue going down.
not today. eventually it will. this small euro rally has screwed up the PA a bit today. also i think it is getting some strong support on the crosses.
  • #391,809
  • Aug 7, 2014 8:32am Aug 7, 2014 8:32am
6800 is so attractive at the moment , longs dont get excited .
Get Rich or Die Tryin
  • #391,810
  • Aug 7, 2014 8:36am Aug 7, 2014 8:36am
A glimpse of the indexes over the past few hours. Total go nowhere confusion at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: Index 2.PNG Size: 72 KB
Ghost Rider - WWTBMD?
  • #391,811
  • Aug 7, 2014 8:37am Aug 7, 2014 8:37am
Quoting hoom
6800 is so attractive at the moment , longs dont get excited .
Market doesn't seem to want it, yet. It had chances this week(bad data)...but something is holding it back. Maybe a HH(this week's range) first.
Everyone can see the chart, but only a few can actually read it.
  • #391,812
  • Aug 7, 2014 8:38am Aug 7, 2014 8:38am
Man, Cable's not going down without a fight.

Gets the Rocky award from me.

I'll come back tomorrow to see the sequel(s)

Come with me if you want to live....
  • #391,813
  • Aug 7, 2014 8:38am Aug 7, 2014 8:38am
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
Took a B.E score after about a 24 hrs in this trade, Even with strong support @ 1.6825 or thereabout... its like a dam , the more hit it gets the weaker it becomes. Hence more risk in this trade which is the reason it was closed. There is now a higher possibility of this going to next support which is @ 1.6730 zone or even down to 1.6640 so I would advice a little caution shorting and perhaps get some pull back confirmation around the 1.6800 round number (psych support). GL
  • #391,814
  • Aug 7, 2014 8:39am Aug 7, 2014 8:39am
Quoting elbert3
{quote} yes 4 others
what other pair you like to trade? eurusd ,usdjpy and audusd?
  • #391,815
  • Aug 7, 2014 8:47am Aug 7, 2014 8:47am
Yeah, this is the messiest 233 I've seen in a long time. Welcome to FOREX in August.
Attached Image (click to enlarge)
Click to Enlarge Name: !t-gbpusdmm233.png Size: 79 KB
Ghost Rider - WWTBMD?
  • #391,816
  • Aug 7, 2014 8:57am Aug 7, 2014 8:57am
Quoting albchr
Yeah, this is the messiest 233 I've seen in a long time. Welcome to FOREX in August. {image}

really messed with your chart date... lol
  • #391,817
  • Aug 7, 2014 9:02am Aug 7, 2014 9:02am
once, many retail trader start to short, cable will flying up...1.6820 hold the defense tight
  • #391,818
  • Aug 7, 2014 9:05am Aug 7, 2014 9:05am
Quoting sami4240
{quote} what other pair you like to trade? eurusd ,usdjpy and audusd?
eurusd depending as i showed you a trade last wek dont normally broard cast money it is not the thing to do,, but we know the reason for that ? gbjy short from172.44,, long gbcad underwater on that
one more 33 /35 was a hard one to crack one would think this would hold up,,,
Trade confirmation
On 07-Aug-2014 at 13:38:16 (GMT)
You sold 2 GBPUSD @ 1.68334 for value date 11-Aug-2014 acc.
Front office position id: 140585763
Account:5589929
  • #391,819
  • Aug 7, 2014 9:10am Aug 7, 2014 9:10am
heads up eur completed a very bearish move do not buy eur !

Quoting Bones
pull back situ , {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXDaily dont buy.png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #391,820
  • Aug 7, 2014 9:14am Aug 7, 2014 9:14am
Looks like Cable will go high today, after eur finished its bear move for the day.
Everyone can see the chart, but only a few can actually read it.
468 traders viewing now, 1 is registered:
CPUmice