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Cable Update (GBPUSD)

  • #391,861
  • Aug 7, 2014 8:13am Aug 7, 2014 8:13am
Quoting Bones
its completely related ,thats the beauty of forex, {quote}

its a bonus for the reader and maybe a breaking news without any cost in cable thread
  • #391,862
  • Aug 7, 2014 8:14am Aug 7, 2014 8:14am
Quoting Beli
If break 1.6865 then 1.6890 and 1.692 Just thinking...

it looks like there is a electric current in 6845 ...not touchiing it and go down..
  • #391,863
  • Aug 7, 2014 8:16am Aug 7, 2014 8:16am
Quoting cspip
{quote} 135.868 ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpymdaily.png Size: 75 KB

Quoting cspip
{quote} 1.3365 ? (1.3380?)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmdaily.png Size: 67 KB
Ghost Rider - WWTBMD?
  • #391,864
  • Aug 7, 2014 8:19am Aug 7, 2014 8:19am
Quoting sami4240
{quote} it looks like there is a electric current in 6845 ...not touchiing it and go down..
If we use ichimoku indicator, there is kijun sen line at 6842... need time to break thru.
  • #391,865
  • Aug 7, 2014 8:21am Aug 7, 2014 8:21am
Quoting Beli
If break 1.6865 then 1.6890 and 1.692 Just thinking...

I see this as resistance....
10000000 traders 10000000 opinions...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 49 KB
  • #391,866
  • Aug 7, 2014 8:22am Aug 7, 2014 8:22am
Quoting Makavell
Currently, If GU breach 1.6887 then we'll see 1.7196. have my BUY entry set at 1.6889.
1.6889 is the line on the sand as at now, once that level is taken out 1.7196 is a done deal
  • #391,867
  • Aug 7, 2014 8:25am Aug 7, 2014 8:25am
Quoting Makavell
{quote} 1.6889 is the line on the sand as at now, once that level is taken out 1.7196 is a done deal

This number (around 1.6890) is very important for me too....
  • #391,868
  • Aug 7, 2014 8:34am Aug 7, 2014 8:34am
Quoting Beli
{quote} This number (around 1.6890) is very important for me too....
Why you wanna sell there ?
Hear the music before the song is over ...
  • #391,869
  • Aug 7, 2014 8:36am Aug 7, 2014 8:36am
God bless salmond, short with target 1,677
  • #391,870
  • Aug 7, 2014 8:38am Aug 7, 2014 8:38am
Quoting GlobalMacro
{quote} Why you wanna sell there ?


Dont want to sell it there,just see as strong resistance,price try twice at 06.08 here to break up but didn't make it...
Also H4 have many candles in that zone on actual chart
We'll see whats gona happened if come here again,next could be 1.692x
  • #391,871
  • Aug 7, 2014 8:38am Aug 7, 2014 8:38am
Long 6840, target 6880-6910.
Everyone can see the chart, but only a few can actually read it.
  • #391,872
  • Aug 7, 2014 8:49am Aug 7, 2014 8:49am
Cable needs a retrace. But latest GDP estimate shows its weakness.
No emotions, just trade
  • #391,873
  • Aug 7, 2014 8:54am Aug 7, 2014 8:54am
Quoting cspip
{quote} I think around 1.6853, could touch 58
first target is 55...second 75
  • #391,874
  • Aug 7, 2014 8:54am Aug 7, 2014 8:54am
Quoting Fx_Anil
{quote} I think it should continue going down.
How far down do you see it going ?


Triangle formation on H1.
Good bounces off support more than a couple of times.

I continue anticipating a retest of 1.6870 and 1.6890 .

Attached Image (click to enlarge)
Click to Enlarge Name: 1HCable.png Size: 11 KB
Hear the music before the song is over ...
  • #391,875
  • Aug 7, 2014 8:55am Aug 7, 2014 8:55am
Quoting shamsul_LP
{quote} first target is 55...second 75
I see 75 too
  • #391,876
  • Aug 7, 2014 8:56am Aug 7, 2014 8:56am
Quoting Fx_Anil
{quote} I think it should continue going down.
it is going down but first it will do some major short squeeze and climb till 6920 or maybe 1.7000
  • #391,877
  • Aug 7, 2014 8:58am Aug 7, 2014 8:58am
Counter Trend 1-1. Done for the day
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-07_GU_CT.png Size: 25 KB
  • #391,878
  • Aug 7, 2014 9:03am Aug 7, 2014 9:03am
6880 will be important, if we get there...it if breaks, 6910 should be next.

Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 17 KB
Everyone can see the chart, but only a few can actually read it.
  • #391,879
  • Aug 7, 2014 9:04am Aug 7, 2014 9:04am
Put in a Long order @ 1.68369
SL @ 1.68133
TP @ 1.68843

Risking 5% to make 10%
  • #391,880
  • Aug 7, 2014 9:07am Aug 7, 2014 9:07am
Hi Tony, consolidation agreed but may be short-lived if stuff gets messy outside of forex markets , tl would be up for grabs as a result
but eur would have to go first in a situation like that , it's in deeper

Quoting Bones
Hi G usdx is bullish on monthly ,and weekly ,I think that's consolidation as long as we keep closing over line {quote} {image}
Hear the music before the song is over ...
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