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Cable Update (GBPUSD)

  • #393,441
  • Aug 14, 2014 2:47am Aug 14, 2014 2:47am
Quoting GlobalMacro
{quote} what levels do you have below 1.6580 , Greener ?
I don't have any level below 1.6580...and have mixed feelings about buying cable now...many are trying longs at this point and cable likes squeezes...but trend looks exhausted...I will try a small long at 16658 as previously anticipated with sl at 16610
  • #393,442
  • Aug 14, 2014 2:51am Aug 14, 2014 2:51am
Quoting Greener
{quote} I don't have any level below 1.6580...and have mixed feelings about buying cable now...many are trying longs at this point and cable likes squeezes...but trend looks exhausted...I will try a small long at 16658 as previously anticipated with sl at 16610
Gotcha. Me neither.
Hear the music before the song is over ...
  • #393,443
  • Aug 14, 2014 2:53am Aug 14, 2014 2:53am
Buy at 1.666
That which does not kill us makes us stronger
  • #393,444
  • Aug 14, 2014 2:56am Aug 14, 2014 2:56am
Quoting Bones
bears have momentum ,enough to break range ? {quote} {image}
yes it is now but gbp is nearby pivot 1.662 and usd/cad is at support 1.0905. expect some retracement till 8250 atleast. I think it is bearish medium term but bullish long term. gbp is falling like a puppy now
  • #393,445
  • Aug 14, 2014 2:57am Aug 14, 2014 2:57am
6525 we have to pass 6661 and 35 i think 35 is a fib ext number only my opinion
  • #393,446
  • Aug 14, 2014 2:58am Aug 14, 2014 2:58am
I have averaged lower. I know gbp can fall more probably to 6630 but I don't trust cad. it is the most vulnerable of all currencies if eur/usd falls below 1.33
  • #393,447
  • Aug 14, 2014 2:58am Aug 14, 2014 2:58am
Quoting moneymove
Buy at 1.666


Attached Image


But I have sell :/
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #393,448
  • Aug 14, 2014 2:59am Aug 14, 2014 2:59am
Long @1.66726
Price has touched my SMA 200 (in blue, the red one is SMA 261)
Price is approaching the 23.6% fib retracement from July 2013
Price is about to touch the lower line of an Andrew's pitchfork traced from July 2013.

Enough resons to try a long term long (several weeks)

Good luck to everyone!
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  • #393,449
  • Aug 14, 2014 3:01am Aug 14, 2014 3:01am
beware of eur/gbp demand because of inflation data in next 30 mins. it is either 3300 or 3400 after the data.
  • #393,450
  • Aug 14, 2014 3:01am Aug 14, 2014 3:01am
Hi G my reading is do not short the cad ,generally

Quoting giveachance
{quote} yes it is now but gbp is nearby pivot 1.662 and usd/cad is at support 1.0905. expect some retracement till 8250 atleast. I think it is bearish medium term but bullish long term. gbp is falling like a puppy now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,451
  • Aug 14, 2014 3:03am Aug 14, 2014 3:03am
Quoting Bones
Hi G my reading is do not short the cad ,generally {quote}
bones this gbp/usd fall has got to do something with eur/gbp offers around 8035
  • #393,452
  • Aug 14, 2014 3:07am Aug 14, 2014 3:07am
res is there but I dont see offers med term ,

Quoting giveachance
{quote} bones this gbp/usd fall has got to do something with eur/gbp offers around 8035
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,453
  • Aug 14, 2014 3:14am Aug 14, 2014 3:14am
This GBPUSD bear took everything in advance line.
Any 150 pips spike may change all scenario.
You cannot learn better without losing
  • #393,454
  • Aug 14, 2014 3:15am Aug 14, 2014 3:15am
1.6746 was the red line. Im already in at 1.6744 target 1.6250
  • #393,455
  • Aug 14, 2014 3:17am Aug 14, 2014 3:17am
uj down ,dax down is that right ?

Quoting GlobalMacro
{quote} what levels do you have below 1.6580 , Greener ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,456
  • Aug 14, 2014 3:19am Aug 14, 2014 3:19am
First Target on GU 1.67614……. coming soon
  • #393,457
  • Aug 14, 2014 3:22am Aug 14, 2014 3:22am
Quoting mr-roma
{quote} {image} But I have sell :/
Turn out the devil number give me a decent trade

move SL to BE
That which does not kill us makes us stronger
  • #393,458
  • Aug 14, 2014 3:25am Aug 14, 2014 3:25am
beware of a short squeeze now if euro data disappoints.
  • #393,459
  • Aug 14, 2014 3:26am Aug 14, 2014 3:26am
Hello thread people

In this moment - support on the daily....below that more support on the daily then a weekly/daily support even lower. Next significant fib maybe the 23.6% 4811-7191 around 6631. The selling has seen the last HL on the weekly taken out now...although this t/f is probably just still in an uptrend ?

best wishes.
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it's all gone a bit........
  • #393,460
  • Aug 14, 2014 3:26am Aug 14, 2014 3:26am
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