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Cable Update (GBPUSD)

  • #394,081
  • Aug 20, 2014 3:42am Aug 20, 2014 3:42am
buy limit was hit at 6606
tp: 6747
  • #394,082
  • Aug 20, 2014 3:42am Aug 20, 2014 3:42am
re-loading on test of last week low aiming for 690
  • #394,083
  • Aug 20, 2014 3:45am Aug 20, 2014 3:45am
that was an easy 25 pips on GJ and 50 pips on GU
  • #394,084
  • Aug 20, 2014 3:46am Aug 20, 2014 3:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 18 KB
  • #394,085
  • Aug 20, 2014 3:48am Aug 20, 2014 3:48am
Quoting Ibw
{image}
nice one! but won't last long GU has started its uptrend move back to at least 1.70 area
  • #394,086
  • Aug 20, 2014 3:52am Aug 20, 2014 3:52am
Quoting eliasahmar
{quote} nice one! but won't last long GU has started its uptrend move back to at least 1.70 area
closed +30 p
  • #394,087
  • Aug 20, 2014 3:52am Aug 20, 2014 3:52am
Quoting eliasahmar
{quote} nice one! but won't last long GU has started its uptrend move back to at least 1.70 area
Not yet
A good trader follows his rules, but great trader knows when to break them
  • #394,088
  • Aug 20, 2014 3:53am Aug 20, 2014 3:53am
Quoting chazzle
re-loading on test of last week low aiming for 690
6645-6610 area for 6691 or 677x

This is what Ill play also..
closes over 6652 imo bullish
  • #394,089
  • Aug 20, 2014 3:58am Aug 20, 2014 3:58am
Quoting eliteincome
Gidday GBP/US Screwed this chart up again Holding longs chasing shorts More than likely spike back up with some shitty bullshit news. Not the end of the world as we know it but could have done better
Hard case

Very nice very nice
  • #394,090
  • Aug 20, 2014 3:59am Aug 20, 2014 3:59am
Don't be surprised if we make a new low today
A good trader follows his rules, but great trader knows when to break them
  • #394,091
  • Aug 20, 2014 4:00am Aug 20, 2014 4:00am
Quoting 21vs7
{quote} 6645-6610 area for 6691 or 677x This is what Ill play also.. closes over 6652 imo bullish
Then if close below that price will go to 65x00?
Try don't lose pants never...
  • #394,092
  • Aug 20, 2014 4:02am Aug 20, 2014 4:02am
This still could be bearish 40 or even 26 ??? Might not save it ??
  • #394,093
  • Aug 20, 2014 4:02am Aug 20, 2014 4:02am
Quoting ill_be_back
{quote} Not yet
I'm more than happy with 6606 buy position, now will let it run as a long term position aiming 1.7040
  • #394,094
  • Aug 20, 2014 4:04am Aug 20, 2014 4:04am
if my calculation is right its very bullish on fomc .. just my opinion
  • #394,095
  • Aug 20, 2014 4:07am Aug 20, 2014 4:07am
Quoting ill_be_back
Recovered my LOSS on this spike GJ M15 {image}
Same on my side , this spike proved to be the Life savingi
  • #394,096
  • Aug 20, 2014 4:08am Aug 20, 2014 4:08am
Quoting chazzle
re-loading on test of last week low aiming for 690
this is going well

  • #394,097
  • Aug 20, 2014 4:08am Aug 20, 2014 4:08am
Quoting braintheboss
{quote} Then if close below that price will go to 65x00?
i still think its a good chance we gonna see 657x min this month..perhaps even 61xx

intraday seeing some levels of interest. 6613 and 6600 was taken out..anticipated news were unordinary for most of the market players.. we could see some profit taking and supported gbpxxx till FOMC at least

2y uk is supported and this is another factor in consideration for a try to buy this pair.

677x is the top imo where ill try to reverse it, considering the news next..

but, its a STEP by STEP play..look at the whole market.

eur is supported atm, which needs to be broken for eg to run down more.

lots of theories and micro decisions
  • #394,098
  • Aug 20, 2014 4:10am Aug 20, 2014 4:10am
Quoting guyver_FiXer
{quote} Good observation. The MPC is becoming split on their decision when to raise interest rates... Plus an excuse for market to have some bullish candles from the recent bear candles.
This is the seventh week of Bearish candles,
  • #394,099
  • Aug 20, 2014 4:15am Aug 20, 2014 4:15am
Quoting ill_be_back
Don't be surprised if we make a new low today
due to the previous day's data???
  • #394,100
  • Aug 20, 2014 4:17am Aug 20, 2014 4:17am
Seems cable will hovers around 650 till FOMC!!!
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