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Cable Update (GBPUSD)

  • #393,901
  • Aug 19, 2014 3:54am Aug 19, 2014 3:54am
Buying this dip.
  • #393,902
  • Aug 19, 2014 3:57am Aug 19, 2014 3:57am
i have 661x and 657x

end of month scenario.
if fomc and gbp data tom allignes we could overshoot to the extreeme of 61xx end of the month scenario again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 44 KB
  • #393,903
  • Aug 19, 2014 3:59am Aug 19, 2014 3:59am
GU can def tank lower, but not seeing it short term….
  • #393,904
  • Aug 19, 2014 4:00am Aug 19, 2014 4:00am
GBP yoyoing like a whipsaw
  • #393,905
  • Aug 19, 2014 4:02am Aug 19, 2014 4:02am
1.6632
Attached Image
GELORE
  • #393,906
  • Aug 19, 2014 4:03am Aug 19, 2014 4:03am
Quoting Ck87
GU can def tank lower, but not seeing it short term….
still got a whole bunch of US data at 8:30...
  • #393,907
  • Aug 19, 2014 4:04am Aug 19, 2014 4:04am
Quoting chazzle
trying a long at 16645
Hi Chazzle,
After 6651 another LL is on card (intraday) minimum 1.6625.
If D1 closes < 6651, then longs for 1.71 and 1.76 will have to wait more than 2 weeks.
If D1 closes > 6651 then bulls have not yet been defeated.

GL
Don't be smart. Be rich.
  • #393,908
  • Aug 19, 2014 4:05am Aug 19, 2014 4:05am
Quoting HDA
{quote} @eliasahmar: Billions of dollars was thrown at 1.6700 to support the Bull trend. I have already explained in my trading plan that between 1.6730 and 1.6500 position traders will be looking for long entries. Why has the GBP/USD not continue its rapid decent? Why are we hovering so calmly at this level? Will it break? Will it hold? Billions of dollars thrown at 1.6700 is a significant marker. Forget indicators, Forget Technical Analysis, Forget Fundamentals, Forget Carney This, Forget Yellen That, and try and find out the Facts and trade ONLY...
like HDA said. we should start looking for 3 targets
  • #393,909
  • Aug 19, 2014 4:07am Aug 19, 2014 4:07am
Quoting nAVIN2007
{quote} but we are below the previous swing low and that should be resistance ..infact if u look at the weekly trenline..its a pretty tough resistance risky charles i think especailly since majority of retail in FF is long wish u luck bro
7 pips or so atm - doesn't count for much - could easily be retaken -just betting on a bit of short term bearish exhaustion - cheers
  • #393,910
  • Aug 19, 2014 4:08am Aug 19, 2014 4:08am
shorted 16729 - tp hit. 16645


Now let's wait.
No emotions, just trade
  • #393,911
  • Aug 19, 2014 4:09am Aug 19, 2014 4:09am
Quoting chazzle
{quote} 7 pips or so atm - doesn't count for much - could easily be retaken -just betting on a bit of short term bearish exhaustion - cheers
  • #393,912
  • Aug 19, 2014 4:10am Aug 19, 2014 4:10am
looking 6602 to tp then reload after some pull back,depending on US news which i think will be green but i think total 625 is a target
  • #393,913
  • Aug 19, 2014 4:13am Aug 19, 2014 4:13am
Quoting maximinus
{quote} Hi Chazzle, After 6651 another LL is on card (intraday) minimum 1.6625. If D1 closes < 6651, then longs for 1.71 and 1.76 will have to wait more than 2 weeks. If D1 closes > 6651 then bulls have not yet been defeated. GL
hi mate - can't see the 6625 anywhere - strongest no. in the area as i see is the feb swing high - close of that week at 632 with May low at 693 to cap short term - just playing the edge of this poss. range - see if US data can take us to the upper side of the range - all the best
  • #393,914
  • Aug 19, 2014 4:14am Aug 19, 2014 4:14am
Quoting Ck87
GU can def tank lower, but not seeing it short term….
That is what I thought too this morning ... lol
Fix up, trade sharp ...
  • #393,915
  • Aug 19, 2014 4:15am Aug 19, 2014 4:15am
6606 buying limit
  • #393,916
  • Aug 19, 2014 4:17am Aug 19, 2014 4:17am
Quoting matkooo2575
{quote} like HDA said. we should start looking for 3 targets
HDA is a seasoned pro,,i know there are traders now following in his steps ,, HDA will tell you this too,,,,,trade what you see,,,, HDA has big sl,,,dont go long unless your acc can afford it
  • #393,917
  • Aug 19, 2014 4:21am Aug 19, 2014 4:21am
Quoting elbert3
{quote} HDA is a seasoned pro,,i know there are traders now following in his steps ,, HDA will tell you this too,,,,,trade what you see,,,, HDA has big sl,,,dont go long unless your acc can afford it
He must really have big patience if he is 200 or 150 pips in the red now. I am serious here. Don't know what keeps him so calm in this type of situation. Maybe just a huge account.
Fix up, trade sharp ...
  • #393,918
  • Aug 19, 2014 4:26am Aug 19, 2014 4:26am
Quoting Hickson
{quote} He must really have big patience if he is 200 or 150 pips in the red now. I am serious here. Don't know what keeps him so calm in this type of situation. Maybe just a huge account.
Its simply other ball game, aint it
  • #393,919
  • Aug 19, 2014 4:28am Aug 19, 2014 4:28am
Quoting 21vs7
{quote} Its simply other ball game, aint it
I have no idea. But regardless of that, he must have enough confidence in holding these positions normal people would probably only trade in microlots.
Fix up, trade sharp ...
  • #393,920
  • Aug 19, 2014 4:29am Aug 19, 2014 4:29am
Quoting Hickson
{quote} That is what I thought too this morning ... lol

Good point….haha… but it did seem like it was gonna fall tonight… who knows anymore.
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