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Cable Update (GBPUSD)

  • #394,961
  • Aug 27, 2014 1:17pm Aug 27, 2014 1:17pm
cad is bullish

Quoting Bones
and cad will retrace further imo (up) {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,962
  • Aug 27, 2014 1:22pm Aug 27, 2014 1:22pm
gbp is side ,bearish ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,963
  • Aug 27, 2014 1:33pm Aug 27, 2014 1:33pm
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???????
  • #394,964
  • Aug 27, 2014 1:47pm Aug 27, 2014 1:47pm
gbp monthly

Quoting Bones
you can read the monthly ,daily ,weekly as you go to figure out proberbilities as I have been told by a great candle trader ,not text book {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,965
  • Aug 27, 2014 2:16pm Aug 27, 2014 2:16pm
I have to admit this thread is fun to watch. A little repetitive but fun to watch.
Ghost Rider - WWTBMD?
  • #394,966
  • Aug 27, 2014 2:35pm Aug 27, 2014 2:35pm
Hahahaaa....GU playing games with both bulls and bears... its like a pretty woman in the bar being smoothed talk to by Mr bull and Mr bear ....who will she go home with ...im thinking Mr bull is going to get lucky....
Peace & Pips
  • #394,967
  • Aug 27, 2014 3:09pm Aug 27, 2014 3:09pm
zzzz.......... no trades today......
  • #394,968
  • Aug 27, 2014 3:46pm Aug 27, 2014 3:46pm
I am semi-bullish on the GU at this point . I may take an entry if we get a push past 1.65840.

Midrange charts show a double bottom followed by a higher high. If price tests 1.6605 level again I will place a pending buy (add position) at that level. Also since the last reset, I am counting 5 pushes down with failure on the 5th push (wave). A long retrace to 1.66230 - 1.66440 range seems reasonable if we get a breakout.

Again this trade would be counter trend so a quick SL move to break even would be warranted if price heads for +15 or more above your entry. Could also be an opportunity for any losing positions to exit before the move down to 1.64900...or lower....

That's how I see things

Cheers
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  • #394,969
  • Aug 27, 2014 4:29pm Aug 27, 2014 4:29pm
Quoting pipster1
I am semi-bullish on the GU at this point . I may take an entry if we get a push past 1.65840. Midrange charts show a double bottom followed by a higher high. If price tests 1.6605 level again I will place a pending buy (add position) at that level. Also since the last reset, I am counting 5 pushes down with failure on the 5th push (wave). A long retrace to 1.66230 - 1.66440 range seems reasonable if we get a breakout. Again this trade would be counter trend so a quick SL move to break even would be warranted if price heads for +15 or more above...
I'll try a short to 1.6557 ish....... and then from there a long to 1.6595 ish....... and then from there a short to 1.6540ish

and EU short to 1.3125
  • #394,970
  • Aug 27, 2014 4:39pm Aug 27, 2014 4:39pm
Quoting cspip
{quote} I'll try a short to 1.6557 ish....... and then from there a long to 1.6595 ish....... and then from there a short to 1.6540ish and EU short to 1.3125
This should go up to Test Today's High then DOWN to 1.65134
A good trader follows his rules, but great trader knows when to break them
  • #394,971
  • Aug 27, 2014 5:18pm Aug 27, 2014 5:18pm
Quoting cspip
{quote} I'll try a short to 1.6557 ish....... and then from there a long to 1.6595 ish....... and then from there a short to 1.6540ish and EU short to 1.3125
What are you basing your levels on?
  • #394,972
  • Aug 27, 2014 5:22pm Aug 27, 2014 5:22pm
Quoting HDA
{quote} @Bones: We'll just have to wait and see, please continue to trade your plan and make your green pips. Happy Trading HDA OUT
And eurusd target still 1.308?
  • #394,973
  • Aug 27, 2014 7:04pm Aug 27, 2014 7:04pm
Inserted Video
"W. D. Gann said that time is the most important factor among all things."
  • #394,974
  • Aug 27, 2014 7:49pm Aug 27, 2014 7:49pm
Quoting ffleo
{quote} time for cable to go up.
I stick to my assessment.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #394,975
  • Aug 27, 2014 7:59pm Aug 27, 2014 7:59pm
A really good short opportunity building up. But might go a little higher still.
Everyone can see the chart, but only a few can actually read it.
  • #394,976
  • Aug 27, 2014 8:00pm Aug 27, 2014 8:00pm
False break out on 1.6550 yesterday..
Is it now just a consolidation, or it's time for changing trend ?
GTS V8 Return This Month: 0.1%
  • #394,977
  • Aug 27, 2014 8:01pm Aug 27, 2014 8:01pm
Quoting rizkinovri
False break out on 1.6550 yesterday.. Is it now just a consolidation, or it's time for changing trend ?
I think the trend is down. But it will retrace up before further down
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #394,978
  • Aug 27, 2014 8:07pm Aug 27, 2014 8:07pm
Quoting ffleo
{quote} I think the trend is down. But it will retrace up before further down
It already retraced up.
Everyone can see the chart, but only a few can actually read it.
  • #394,979
  • Aug 27, 2014 8:13pm Aug 27, 2014 8:13pm
Quoting OnlineAddict
{quote} It already retraced up.
how much it will keep retracing up?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #394,980
  • Aug 27, 2014 8:19pm Aug 27, 2014 8:19pm
Quoting ffleo
{quote} how much it will keep retracing up?
Looks like even 6600 is too much to ask for...it got already rejected by 6594. Anyway, I wouldn't long this...not at these levels, not right now.
Everyone can see the chart, but only a few can actually read it.
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