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Cable Update (GBPUSD)

  • #393,081
  • Aug 13, 2014 1:42am Aug 13, 2014 1:42am
Quoting elbert3
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 {image}

its a nice looking entry point. but i preffer to move it little highr near about 6860 maybe... its my opinion maybe wrong
  • #393,082
  • Aug 13, 2014 1:46am Aug 13, 2014 1:46am
Seems GU disconnected from other pairs now, won't go down a pip… hmm
  • #393,083
  • Aug 13, 2014 1:50am Aug 13, 2014 1:50am
GBPUSD seems all set to continue it recovery from an intermediate ascending trend-line support immediately till 1.6860-80 resistance area, representing 23.6% Fib. retracement level.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 13082014.png Size: 6 KB
  • #393,084
  • Aug 13, 2014 1:54am Aug 13, 2014 1:54am
It still has over 200 pips to cover to reach its previos highs. Dont know if the news today can catapult it that high. It may even drop lower than last week but a 200 pip move in one day is very rare.
  • #393,085
  • Aug 13, 2014 1:55am Aug 13, 2014 1:55am
Quoting sami4240
{quote} its a nice looking entry point. but i preffer to move it little highr near about 6860 maybe... its my opinion maybe wrong
morning thats the ticket opinions ,, all is we can do is offer them,,well done regards E
  • #393,086
  • Aug 13, 2014 1:57am Aug 13, 2014 1:57am
Quoting elbert3
{quote} 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
haven't been awake long enough,sorry .... you short now?
  • #393,087
  • Aug 13, 2014 2:02am Aug 13, 2014 2:02am
Wow literally will not move down 1 pip
  • #393,088
  • Aug 13, 2014 2:05am Aug 13, 2014 2:05am
Pound making position for a news...
  • #393,089
  • Aug 13, 2014 2:16am Aug 13, 2014 2:16am
Quoting chazzle
{quote} haven't been awake long enough,sorry .... you short now?
sorry chaz i was just watching to pull it yes not safe thou we have 38 55 above but if your not putting to much on the trend should be short so one would think it will come back,but its news day ,,and we know what happens
  • #393,090
  • Aug 13, 2014 2:26am Aug 13, 2014 2:26am
Quoting elbert3
{quote} sorry chaz i was just watching to pull it yes not safe thou we have 38 55 above but if your not putting to much on the trend should be short so one would think it will come back,but its news day ,,and we know what happens
yes, at last something to drive it - still hanging in there for 16860+ myself let's see
  • #393,091
  • Aug 13, 2014 2:29am Aug 13, 2014 2:29am
GBPUSD’s decline continues to slow, and Tuesday saw a small bullish "reversal day". With RSI momentum also failing to confirm the new cycle lows (c.f. lower panel to the right), we continue to look for a near-term base. Above 1.6828 is needed to look to the accelerated downtrend at 1.6860, potentially 1.6889/98, where CS would expect fresh selling. Above can see a better base established, for 1.6925/35. Support is seen at 1.6756 initially, then 1.6739, below which can see a move to what CS expect to be more solid support at 1.6998/61 – the May lows, 38.2% retracement of the November 2013/July 2014 rise and 200-day average.
Strategy: Short, lower the stop to above 1.6898, for 1.6740. Reverse to a long here, stop/reverse beneath 1.6650. Read more
  • #393,092
  • Aug 13, 2014 2:36am Aug 13, 2014 2:36am
EG W1

A GBP spike today could provide a good entry long on EURGBP
Attached Image (click to enlarge)
Click to Enlarge Name: EGW1.PNG Size: 37 KB
  • #393,093
  • Aug 13, 2014 2:53am Aug 13, 2014 2:53am
Do we have a classic buy the news sell the facts going on here. Looks pretty much like it, it's so faked up it's almost stupid. Still dangerous to trade, but stoporders is a good play today. But if pushed to 6840 i will push the sell button and feel good about it.
I don't even have a cool signature
  • #393,094
  • Aug 13, 2014 3:03am Aug 13, 2014 3:03am
Quoting NoCoolNick
Do we have a classic buy the news sell the facts going on here. Looks pretty much like it, it's so faked up it's almost stupid. Still dangerous to trade, but stoporders is a good play today. But if pushed to 6840 i will push the sell button and feel good about it.
450 pip correction in recent weeks of the 1yr Uptrend - taking us back to the 2011 high - a high which was in place for almost 3yrs - a reaction here is normal, no "fakery" going on imo.

GU W1
Attached Image (click to enlarge)
Click to Enlarge Name: guw1.PNG Size: 49 KB
  • #393,095
  • Aug 13, 2014 3:07am Aug 13, 2014 3:07am
Quoting 21vs7
..gbpchf is on the move 5294 is first to look on micro
here we are, right before the news
risk some, but carefull infront of the news, to kill or not to kill..

Important news later in a day..so we could only have pump to later dump. I am not that smart
  • #393,096
  • Aug 13, 2014 3:09am Aug 13, 2014 3:09am
short @ 1.6827

t/p : open

s/l : 1.6929
Attached Image (click to enlarge)
Click to Enlarge Name: 4HCable.png Size: 11 KB
Hear the music before the song is over ...
  • #393,097
  • Aug 13, 2014 3:32am Aug 13, 2014 3:32am
Quoting 21vs7
{quote} here we are, right before the news risk some, but carefull infront of the news, to kill or not to kill.. Important news later in a day..so we could only have pump to later dump. I am not that smart
+25 half off. other BE +25 at 5320

its later data that its gonna decide imo. so probably taken out till then, or Ill be surprised. 13th only started
  • #393,098
  • Aug 13, 2014 3:33am Aug 13, 2014 3:33am
Definitely no interest rates rising this year with wages below expectations... short away folks....
Peace & Pips
  • #393,099
  • Aug 13, 2014 3:34am Aug 13, 2014 3:34am
Quoting chazzle
{quote} TP 2/3 just now at 16820 - might re-add on dips
added here
  • #393,100
  • Aug 13, 2014 3:38am Aug 13, 2014 3:38am
Quoting NoCoolNick
Do we have a classic buy the news sell the facts going on here. Looks pretty much like it, it's so faked up it's almost stupid. Still dangerous to trade, but stoporders is a good play today. But if pushed to 6840 i will push the sell button and feel good about it.
Classic.... seen it toooooo many times. If it looks wrong, it most likely it is so. Added to my shorts from my sellstop at 6806, not the best price but didn't want to get spiked in.
I don't even have a cool signature
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