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Cable Update (GBPUSD)

  • #394,221
  • Aug 20, 2014 4:11pm Aug 20, 2014 4:11pm
GBP has lost about 5 cents value in 6 weeks without a proper retrace. normal? or something big coming?
  • #394,222
  • Aug 20, 2014 4:15pm Aug 20, 2014 4:15pm
Hi K ,there is no such thing as normal ,market changes all the time ,

Quoting kweiss10
GBP has lost about 5 cents value in 6 weeks without a proper retrace. normal? or something big coming?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,223
  • Aug 20, 2014 4:18pm Aug 20, 2014 4:18pm
Quoting eliasahmar
{quote} thank you so much for your answer! if it goes below 6630 then I'm looking for 6595 to go long! Cheers
Gunna long it now?
  • #394,224
  • Aug 20, 2014 4:20pm Aug 20, 2014 4:20pm
this week is minus 125 pips roughly ,before minus 1,40xx
but before steep trend,already
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 paST (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,225
  • Aug 20, 2014 4:33pm Aug 20, 2014 4:33pm
you have to see the chart its not in an uptrend ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD w1 majr (DFB).png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,226
  • Aug 20, 2014 4:41pm Aug 20, 2014 4:41pm
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  • #394,227
  • Aug 20, 2014 4:43pm Aug 20, 2014 4:43pm
Quoting Bones
you have to see the chart its not in an uptrend , {image}
The chart shows an uncertain uptrend in my mind...
Trends will be held as long as the condition of it is true and it has no LH!
Sooner or later ~7300 is coming...
Anything is math!
  • #394,228
  • Aug 20, 2014 4:45pm Aug 20, 2014 4:45pm
Quoting Kajos2250
{quote}Sooner or later ~7300 is comeing...
Right now it looks like that even a rate increase wouldn't be enough to go to 7300, but who knows, this downtrend will eventually change into an uptrend again, so we will see then.
Everyone can see the chart, but only a few can actually read it.
  • #394,229
  • Aug 20, 2014 5:13pm Aug 20, 2014 5:13pm
I put gbp in a down trend that agrees with timing of end of month to be bear ,
no way 7300 imo


Quoting Kajos2250
{quote} The chart shows an uncertain uptrend in my mind... Trends will be held as long as the condition of it is true and it has no LH! Sooner or later ~7300 is coming...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXDaily 20 no 2.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,230
  • Aug 20, 2014 6:08pm Aug 20, 2014 6:08pm
Quoting Kajos2250
{quote} The chart shows an uncertain uptrend in my mind... Trends will be held as long as the condition of it is true and it has no LH! Sooner or later ~7300 is coming...
Maybe, but not before the last retailer has hung himself after betting house and farm. Landaaaaan cocksuckers' club never gets enough. I will probably be stopped out as well by tomorrow. The only difference is they do not get everything from me they want.

But seriously, this is quite amazing. Cable loves these violent moves, this is just the opposite of febuary's violent march up to new highs.
Fix up, trade sharp ...
  • #394,231
  • Aug 20, 2014 6:40pm Aug 20, 2014 6:40pm
Quoting Hickson
{quote} Maybe, but not before the last retailer has hung himself after betting house and farm. Landaaaaan cocksuckers' club never gets enough. I will probably be stopped out as well by tomorrow. The only difference is they do not get everything from me they want. But seriously, this is quite amazing. Cable loves these violent moves, this is just the opposite of febuary's violent march up to new highs.
hey Hickson,

getting flamed by cable?
look at this one:

Inserted Video


keep cool... and manage your losses...
fortis fortuna adiuvat
  • #394,232
  • Aug 20, 2014 7:37pm Aug 20, 2014 7:37pm
zzzz cmon and hit 1.6590 again...zzzzz
  • #394,233
  • Aug 20, 2014 8:24pm Aug 20, 2014 8:24pm
Quoting giveachance
{quote} so you are a astrologer???


Just entered 1.6592... stop 1.6582... as don't want to see 1.6587 break... might have the skills after all for this star gazing they call astrology lol
  • #394,234
  • Aug 20, 2014 8:34pm Aug 20, 2014 8:34pm
GBP... Hell is the limit!
  • #394,235
  • Aug 20, 2014 8:37pm Aug 20, 2014 8:37pm
Quoting Jeremy Oak
{quote} Gunna long it now?
yea i did, 6593
  • #394,236
  • Aug 20, 2014 8:47pm Aug 20, 2014 8:47pm
Quoting Bones
I put gbp in a down trend that agrees with timing of end of month to be bear , no way 7300 imo {quote} {image}
agreed....could be September though
  • #394,237
  • Aug 20, 2014 10:06pm Aug 20, 2014 10:06pm
Well Il wasn't expecting 16587 to go so easy.. looks like 16490 Friday close.

How I think that pans out today is 16537 retrace too 1.6571

16571 shorts down too 1.6517/16508 where it will be bought back too 1.6587

1.6587 is the entry then for the short that takes us to Friday's move 1.6490
  • #394,238
  • Aug 20, 2014 10:34pm Aug 20, 2014 10:34pm
If unemployment claims from US is decreased today, it will surely make USD stronger and this bearish trend will become stronger..
Short is the only option, and possible USD will keep stronger until 1.6465 support on this 2 weeks against GBP..
GTS V8 Return This Month: na
  • #394,239
  • Aug 20, 2014 10:34pm Aug 20, 2014 10:34pm
Quoting xtfx
{quote} hi, I do agree 1.6617 technicality strong 1.6560/70's is target area that market have to hit and reverse for 215pips from there. enjoy folks.
, waiting to complete mirror second week of march started date 9th on weekly chart .
  • #394,240
  • Aug 20, 2014 10:57pm Aug 20, 2014 10:57pm
What I see for the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-20_235422.png Size: 23 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
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