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Cable Update (GBPUSD)

  • #394,561
  • Aug 22, 2014 10:56am Aug 22, 2014 10:56am
Quoting YardiFX
Well, well, GU still holding her own ....i remain long...
I added
Ghost Rider - WWTBMD?
  • #394,562
  • Aug 22, 2014 10:58am Aug 22, 2014 10:58am
The age long Forex maxim is very pertinent at this moment. When in doubt, do nothing!
  • #394,563
  • Aug 22, 2014 11:07am Aug 22, 2014 11:07am
Quoting albchr
{quote} I added
Chris... dude.... how are ya , I added too at 1.6572
Peace & Pips
  • #394,564
  • Aug 22, 2014 11:14am Aug 22, 2014 11:14am
Quoting YardiFX
{quote} Chris... dude.... how are ya , I added too at 1.6572
Hanging in there Yardi, and you?

I put in 1.65714. That makes #3 now. Of course if it drops to 6550 (which I completely expect it can), we'll be laughed at. Can we take it?
Ghost Rider - WWTBMD?
  • #394,565
  • Aug 22, 2014 11:28am Aug 22, 2014 11:28am
Quoting albchr
{quote} Hanging in there Yardi, and you? I put in 1.65714. That makes #3 now. Of course if it drops to 6550 (which I completely expect it can), we'll be laughed at. Can we take it?
Made another LL
Mon/Tue May retrace a little But there is no stopping this DOWN until it reaches 1.64475
A good trader follows his rules, but great trader knows when to break them
  • #394,566
  • Aug 22, 2014 11:35am Aug 22, 2014 11:35am
Quoting ill_be_back
{quote} Made another LL Mon/Tue May retrace a little But there is no stopping this DOWN until it reaches 1.64475
You could be right. You could be wrong. As always, we shall see.

For me, it's well thought out, well planned and will be well managed. Either way.
Ghost Rider - WWTBMD?
  • #394,567
  • Aug 22, 2014 11:40am Aug 22, 2014 11:40am
Bulls show some strength around these levels. First the bad news that was retraced back within a couple hours...now this EU collapse and GU still at the same place. Looks like next week might be bullish. Might be good to enter long on monday(within few hours of market open), after one more shake-out.
Everyone can see the chart, but only a few can actually read it.
  • #394,568
  • Aug 22, 2014 11:44am Aug 22, 2014 11:44am
Gidday GBP/US

Going into the close

Holding shorts an longs

Hopefully we get this 1.65 to 1.647 an I will ditch the shorts

Hopefully it will chug back up again

Still no bounce EUR/US
  • #394,569
  • Aug 22, 2014 11:55am Aug 22, 2014 11:55am
Quoting albchr
{quote} Hanging in there Yardi, and you? I put in 1.65714. That makes #3 now. Of course if it drops to 6550 (which I completely expect it can), we'll be laughed at. Can we take it?
next buy and the last one for some nice action 6547 that about the 50 ema on the week
  • #394,570
  • Aug 22, 2014 11:56am Aug 22, 2014 11:56am
GU bulls are still not active, Monday holidays in the UK will probably mean the present bearish undecided scenario remains in play. I'm thinking generally for GBPUSD, EURUSD and USDJPY the USD showing weakness in the coming week(s) will be the key. Likely GBP and JPY leading the recovery and EUR slowly behind. BUT FOR NOW, ITS USD BULLS ALL THE WAY.
  • #394,571
  • Aug 22, 2014 12:02pm Aug 22, 2014 12:02pm
Quoting elbert3
{quote} next buy and the last one for some nice action 6547 that about the 50 ema on the week
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 77 KB
Attached Image (click to enlarge)
Click to Enlarge Name: week.png Size: 79 KB
x marks the spot
  • #394,572
  • Aug 22, 2014 12:09pm Aug 22, 2014 12:09pm
Quoting albchr
{quote} Hanging in there Yardi, and you? I put in 1.65714. That makes #3 now. Of course if it drops to 6550 (which I completely expect it can), we'll be laughed at. Can we take it?
Well my 2000 percent margin can take it so I'm good and open to bit of mockery
Peace & Pips
  • #394,573
  • Aug 22, 2014 12:25pm Aug 22, 2014 12:25pm
might not need it little pincer on the 1 hour ,,not sure if this position is the right number thou .soon see it is Friday ,,strange things can happen
  • #394,574
  • Aug 22, 2014 12:26pm Aug 22, 2014 12:26pm
Quoting YardiFX
{quote} Well my 2000 percent margin can take it so I'm good and open to bit of mockery
Let's see what Dragnet has to say from Jhole today. Structurally I'm not concerned about the longs at all. We just might get some better prices to add yet. But actually, I don't think "too" much better. We'll see.
Ghost Rider - WWTBMD?
  • #394,575
  • Aug 22, 2014 12:29pm Aug 22, 2014 12:29pm
Quoting elbert3
{quote} next buy and the last one for some nice action 6547 that about the 50 ema on the week
That would be a nice price if it offers Billy.
Ghost Rider - WWTBMD?
  • #394,576
  • Aug 22, 2014 12:34pm Aug 22, 2014 12:34pm
Quoting albchr
{quote} Let's see what Dragnet has to say from Jhole today. Structurally I'm not concerned about the longs at all. We just might get some better prices to add yet. But actually, I don't think "too" much better. We'll see.
hi chris,

letīs see what lord draghila will tell us. i expect verbal erotics - but no acrobatics
but who knows... trade what you see...
so you ar long in cable???

all the best
d1
fortis fortuna adiuvat
  • #394,577
  • Aug 22, 2014 12:49pm Aug 22, 2014 12:49pm
Quoting deltaone
{quote} hi chris, letīs see what lord draghila will tell us. i expect verbal erotics - but no acrobatics but who knows... trade what you see... so you ar long in cable??? all the best d1
Hi Chris,

I expect about the same from him but ya never know. He could surprise?
Yep, I'm building me a paradise or a disaster. LOL
You're short biased I take it from your previous posts?
Ghost Rider - WWTBMD?
  • #394,578
  • Aug 22, 2014 12:56pm Aug 22, 2014 12:56pm
Quoting albchr
{quote} That would be a nice price if it offers Billy.
if you look back no my posts i had it down as a target,,only the way yesterday went on i thought it might of went up early ?? as long as it does target 6634 /86 area
  • #394,579
  • Aug 22, 2014 12:57pm Aug 22, 2014 12:57pm
Quoting albchr
{quote} Hi Chris, I expect about the same from him but ya never know. He could surprise? Yep, I'm building me a paradise or a disaster. LOL You're short biased I take it from your previous posts?
to say it with metallica: "am i evil? yes i am"
but i never trade my opinion...

will watch pa in eurusd closely in order to decide which way i will choose - no cable-trading for me today.
my focus is more on indices trading these days.

good luck to you!
fortis fortuna adiuvat
  • #394,580
  • Aug 22, 2014 1:01pm Aug 22, 2014 1:01pm
Quoting elbert3
{quote} if you look back no my posts i had it down as a target,,only the way yesterday went on i thought it might of went up early ?? as long as it does target 6634 /86 area
Well, we can't draw too much from things this week or next. Last two weeks of August are vacation time. Nothing is really clear. Normally I avoid the entire month. But things are not normal.
Ghost Rider - WWTBMD?
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