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Cable Update (GBPUSD)

  • #392,641
  • Aug 10, 2014 8:26am Aug 10, 2014 8:26am
what big change do you see fundamentals ?

Quoting slimcat
In my opinion your 2 month chart shows where the buyers will possibly come in, and a bit lower also, this will then push cable up for a retest of the highs, see highlighted square for 3rd retest bar. No one on this thread has mentioned a big change in fundamentals? and this has already fallen over 400 pips so why should cable continue down now after rising for over a year? {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,642
  • Aug 10, 2014 8:27am Aug 10, 2014 8:27am
All the lines WILL BREAK, This is going DOWN all the way to 1.64475 W/O any major retrace
A good trader follows his rules, but great trader knows when to break them
  • #392,643
  • Aug 10, 2014 8:28am Aug 10, 2014 8:28am
logically we see HDA right more often than those who have a big DD one so....?
  • #392,644
  • Aug 10, 2014 8:32am Aug 10, 2014 8:32am
max downside for me is 15740 ,162xx is more realistic, if we can break immediate support good,
lets talk 16500 first,

Quoting ill_be_back
All the lines WILL BREAK, This is going DOWN all the way to 1.64475 W/O any major retrace
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,645
  • Aug 10, 2014 8:35am Aug 10, 2014 8:35am
Quoting Bones
max downside for me is 15740 ,162xx is more realistic, if we can break immediate support good, lets talk 16500 first, {quote}
Max DOWN I have is 1.58837,
A good trader follows his rules, but great trader knows when to break them
  • #392,646
  • Aug 10, 2014 8:40am Aug 10, 2014 8:40am
Quoting Bones
what big change do you see fundamentals ? {quote}
I don't follow it, too complicated for me but I would have expected some of the knowledgable fundamental guys on here
would have given us a heads up?

All I see at the moment is an uptrend supported by fundamentals (whatever they are), at the moment we have a down move, but since the fundamentals are unchanged so is the trend?
  • #392,647
  • Aug 10, 2014 8:41am Aug 10, 2014 8:41am
Quoting DailyChart
logically we see HDA right more often than those who have a big DD one so....?

lol
  • #392,648
  • Aug 10, 2014 9:02am Aug 10, 2014 9:02am
Honestly at risk of upsetting some ,there are very few that can have the resources to know something is coming ,
im an absolute believer that news marries completely with a chart ,and as long as that news is man made the chart knows all
whatever system you use ,


Quoting slimcat
{quote} I don't follow it, too complicated for me but I would have expected some of the knowledgable fundamental guys on here would have given us a heads up? All I see at the moment is an uptrend supported by fundamentals (whatever they are), at the moment we have a down move, but since the fundamentals are unchanged so is the trend?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 6 month (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,649
  • Aug 10, 2014 9:23am Aug 10, 2014 9:23am
Quoting ill_be_back
{quote} Max DOWN I have is 1.58837,
That is quite a call ... is it fundamentally so weak? New week could bring suprises.
Fix up, trade sharp ...
  • #392,650
  • Aug 10, 2014 9:28am Aug 10, 2014 9:28am
Quoting Hickson
{quote} That is quite a call ... is it fundamentally so weak? New week could bring suprises.
4have no pos right now in this pair but i would wait for the scottisch "separation" vote in september, scottland round about 8% of british GDP
if my infos are correct.
just do it
  • #392,651
  • Aug 10, 2014 9:33am Aug 10, 2014 9:33am
Quoting ill_be_back
{quote} Max DOWN I have is 1.58837,
this is an example bro..u cant have a max down to 1.58837 it is not practical

ask yourself where the year open is:-
and what formation that would be on the yearly time frame?

then ask yourself a spike rejection from 1.71 to 1.58837 is it practical with no further down..

if 1.58837 is possible b4 year end close and closes around here (1.58837) at least 1.55 is on minimum
something to think about

ps:- please dont take this the wrong way..we are friends
  • #392,652
  • Aug 10, 2014 9:34am Aug 10, 2014 9:34am
Quoting Hickson
{quote} That is quite a call ... is it fundamentally so weak? New week could bring suprises.
For Now This

Quoting ill_be_back
All the lines WILL BREAK, This is going DOWN all the way to 1.64475 W/O any major retrace
Then will see
A good trader follows his rules, but great trader knows when to break them
  • #392,653
  • Aug 10, 2014 9:42am Aug 10, 2014 9:42am

u got a lot of time no wonder why yur wife does not want u on here.
now go and give some attention..
  • #392,654
  • Aug 10, 2014 9:51am Aug 10, 2014 9:51am
Quoting thodie
{quote} 4have no pos right now in this pair but i would wait for the scottisch "separation" vote in september, scottland round about 8% of british GDP if my infos are correct.
Hi Thodie, you could be right ... Schick was also talking about the separation vote. The only thing that makes me think is that he had sell orders at 1.72 and I do not know if they were filled yet Well, but seriously, you know how precise his analysis is at these levels plus the fact that nothing moves in straight lines ... usually. Could be a good pump to reel in retailers first ... but what do I know, I will just follow the smart money, bonus whore I am
Fix up, trade sharp ...
  • #392,655
  • Aug 10, 2014 9:54am Aug 10, 2014 9:54am
Quoting ill_be_back
{quote} For Now This {quote} Then will see
You know I like the green monster's trades, I just do not understand how you see these extreme levels this time?
Fix up, trade sharp ...
  • #392,656
  • Aug 10, 2014 10:04am Aug 10, 2014 10:04am
Quoting HDA
HDA presents {quote} nAVIN2007 V/S HDA & GBP/USD ..... THE END HDA OUT
.... ... It made me take a couple off ignore (temporarily) to read it all but it was well worth it HDA.

See you at the destination of the next position trade.

Let's See What Happens.
Ghost Rider - WWTBMD?
  • #392,657
  • Aug 10, 2014 10:07am Aug 10, 2014 10:07am
Quoting ill_be_back
{quote} Max DOWN I have is 1.58837,
I doubt it will get that low cousin
Come with me if you want to live....
  • #392,658
  • Aug 10, 2014 10:19am Aug 10, 2014 10:19am
Quoting Ill-b-back
{quote} I doubt it will get that low cousin
First Lets see if this goes to 1.64475
A good trader follows his rules, but great trader knows when to break them
  • #392,659
  • Aug 10, 2014 10:24am Aug 10, 2014 10:24am
Quoting HDA
HDA presents {quote}

Quite a long post to say how important SL is, but ok ... I agree and the videos are good.
Fix up, trade sharp ...
  • #392,660
  • Aug 10, 2014 10:34am Aug 10, 2014 10:34am
Quoting ill_be_back
{quote} First Lets see if this goes to 1.64475
Well, I got 1.65 still as a very possible target.

But what's 52.5 pips between family eh?

It's 1.30 am here and I'm up again at 6am

I can hear the wife snoring

Better get to bed I suppose.

See you soon
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 32 KB
Come with me if you want to live....
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