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Cable Update (GBPUSD)

  • #393,061
  • Aug 12, 2014 9:20pm Aug 12, 2014 9:20pm
Quoting Ck87
Pair will return to 1.7 in coming weeks… first maybe one more dip lower or retouch of bottom. Looking forward to it and would prefer it make new lows while EU goes below 1.33… then a clear opportunity arises for a swing long on both Till then, no problem at all scalping these pairs
Both EU and GU made a strong bottom already...maybe after EU is above 1.34, it will make a new attempt to break 3333. Bears definitely need to take a break to gain more power for a new low.
Everyone can see the chart, but only a few can actually read it.
  • #393,062
  • Aug 12, 2014 9:35pm Aug 12, 2014 9:35pm
Quoting OnlineAddict
{quote} Both EU and GU made a strong bottom already...maybe after EU is above 1.34, it will make a new attempt to break 3333. Bears definitely need to take a break to gain more power for a new low.
The mkt always has a way of fooling people who are looking for that bottom. Expect one more move to fool you and make you second guess yourself. Then it will be the bottom.

But I will say it's definitely more likely that GU has bottomed than EU has bottomed.
  • #393,063
  • Aug 12, 2014 9:56pm Aug 12, 2014 9:56pm
Quoting imnicetoyou
{quote} your SL too tight, i'm 90% sure it will hit...
Well I guess his sl didnt get hit lol
KEEP IT SIMPLE PIPPING
  • #393,064
  • Aug 12, 2014 10:01pm Aug 12, 2014 10:01pm
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KEEP IT SIMPLE PIPPING
  • #393,065
  • Aug 12, 2014 10:01pm Aug 12, 2014 10:01pm
Quoting Ck87
{quote} The mkt always has a way of fooling people who are looking for that bottom. Expect one more move to fool you and make you second guess yourself. Then it will be the bottom. But I will say it's definitely more likely that GU has bottomed than EU has bottomed.
I think 4 tries should be enough to fool everyone on EU, but who knows. EU session will tell.
Everyone can see the chart, but only a few can actually read it.
  • #393,066
  • Aug 13, 2014 12:26am Aug 13, 2014 12:26am
Yes, today shall tell alright. GU is yet to close above EMA 5 since July 18 on DI. At present however, the horns are on the ascendency
  • #393,067
  • Aug 13, 2014 12:37am Aug 13, 2014 12:37am
Could be a good area above to look for PA reasons to short
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #393,068
  • Aug 13, 2014 12:38am Aug 13, 2014 12:38am
Quoting Ill-b-back
Could be a good area above to look for PA reasons to short {image} {image}
I agree...
  • #393,069
  • Aug 13, 2014 12:42am Aug 13, 2014 12:42am
I thnk short on this pair

D1:
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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #393,070
  • Aug 13, 2014 1:04am Aug 13, 2014 1:04am
i seem to be scalp trading without trying too. 825 is a target 845 too looking to short again looking to break out from yesterdays move
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  • #393,071
  • Aug 13, 2014 1:10am Aug 13, 2014 1:10am
Quoting HDA
GOOD AFTERNOON FOREX FACTORY MEMBERS AND GUESTS There are option expiry's for the GBP/USD 10am Eastern tomorrow, Wednesday, August 13, 2014 that you will need to bear in mind. 1.6915 - pay out US$591 million 1.6850 - pay out US$274 million -this is the one to watch Have a lovely afternoon HDA is currently FLAT GBP/USD HDA OUT
Dear HDA Guru. I write down a strategies from your several post and summaries it. Pls reviews the strategies....
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  • #393,072
  • Aug 13, 2014 1:19am Aug 13, 2014 1:19am
Quoting chazzle
{quote} Just cut the weakest 25% for -10 pips at 805 - aggregate pos now at 16768 SL unchanged at 16730
TP 2/3 just now at 16820 - might re-add on dips
  • #393,073
  • Aug 13, 2014 1:30am Aug 13, 2014 1:30am
I will try to short the top of the upper TL, its around 6840, if we get there.

Attached Image
Everyone can see the chart, but only a few can actually read it.
  • #393,074
  • Aug 13, 2014 1:35am Aug 13, 2014 1:35am
well apparently gu is not gonna stop rallying..
  • #393,075
  • Aug 13, 2014 1:37am Aug 13, 2014 1:37am
[نقل قول = OnlineAddict. 7670725] من به کوتاه سعی خواهد کرد در بالای TL بالا، در اطراف آن 6840، اگر ما وجود دارد. {تصویر} [/ quote]
You will leave his post after the market moves
  • #393,076
  • Aug 13, 2014 1:37am Aug 13, 2014 1:37am
Quoting Ck87
well apparently gu is not gonna stop rallying..
If it keeps going up through London, might be a pre-news pump...before a dump.
Everyone can see the chart, but only a few can actually read it.
  • #393,077
  • Aug 13, 2014 1:38am Aug 13, 2014 1:38am
Quoting OnlineAddict
{quote} If it keeps going up through London, might be a pre-news pump...before a dump.
yeah, somethings going on.
  • #393,078
  • Aug 13, 2014 1:38am Aug 13, 2014 1:38am
Quoting ha3an
[نقل قول = OnlineAddict. 7670725] من به کوتاه سعی خواهد کرد در بالای TL بالا، در اطراف آن 6840، اگر ما وجود دارد. {تصویر} [/ quote] You will leave his post...
?????
Everyone can see the chart, but only a few can actually read it.
  • #393,079
  • Aug 13, 2014 1:38am Aug 13, 2014 1:38am
Quoting chazzle
{quote} TP 2/3 just now at 16820 - might re-add on dips
morning Chaz,,25 is the 200 on the 1 hour,,10 ema touch coming back up from its low i normally would use that as a sell , so here we go lets see next point 55
  • #393,080
  • Aug 13, 2014 1:38am Aug 13, 2014 1:38am
Quoting Bones
let me ask you Max whats your opinion with chart on cable {quote}
Hope that you've not awaited my reply for managing your pos. Someone was upset and suspended me. Of course, the suspension was not justified by facts but only by the ego of the one who suspended me. So Twee sent him a warning notice for abuse of power.

If you really want my opinion on cable here you go:

Both bears and bull want 6651. If I was a LT trader, I'll give a serious look only at this level. So ATM, flat is the recommended position.
If you put a gun on my head and ask me to give a trade call I'll scalp short at 6978, if it reaches this level before going to 6651 (I'm sure that the price will be rejected at this level).
Don't be smart. Be rich.
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