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Cable Update (GBPUSD)

  • #396,041
  • Sep 2, 2014 9:02pm Sep 2, 2014 9:02pm
Quoting ill_be_back
All the lines WILL BREAK, This is going DOWN all the way to 1.64475 W/O any major retrace
Posted on Aug 10th, Finally 1.64475
Long from 1.64533
A good trader follows his rules, but great trader knows when to break them
  • #396,042
  • Sep 2, 2014 9:10pm Sep 2, 2014 9:10pm
on d1 we have a 140 pip bear candle off now a really firm tl ,
so far today no buyers ,(in 5 hours so far)
I wouldn't try to guess the lower line at this point it may not even respect any channel
immediate trend now should be very clear ,and uptrend prior was a move within a massive consolidation zone,htf
in consolidation anythings poss,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 3 d1 (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,043
  • Sep 2, 2014 9:15pm Sep 2, 2014 9:15pm
Quoting Bones
on d1 we have a 140 pip bear candle off now a really firm tl , so far today no buyers ,(in 5 hours so far) I wouldn't try to guess the lower line at this point it may not even respect any channel immediate trend now should be very clear ,and uptrend prior was a move within a massive consolidation zone,htf in consolidation anythings poss, {image}
According to me this should be the turning point, If this makes a new LL, I will be OUT
A good trader follows his rules, but great trader knows when to break them
  • #396,044
  • Sep 2, 2014 9:20pm Sep 2, 2014 9:20pm
Quoting adamsfun
thank you 2012mysterio_I`ll stay a bit longer short with 4H chart then
Hi Adamsfun, take profit by all means, if you are up a good number of pips.. my 1H starting to show signs of maybe a temp bottom.. we might get a pullback here, or based on Daily and Weekly charts, possibly reversal for a leg up. BUT, we never know for sure. You can always re-enter. Good luck
  • #396,045
  • Sep 2, 2014 10:13pm Sep 2, 2014 10:13pm
Quoting ill_be_back
{quote} According to me this should be the turning point, If this makes a new LL, I will be OUT
Agree....

need to break 16474 to climb higher OR break 16447 to make new low. London session will tell today.
While knowledge speak up, the wisdom listen down
  • #396,046
  • Sep 2, 2014 10:40pm Sep 2, 2014 10:40pm
Quoting Ck87
{quote} Rarely ever have I followed anyones advice on a trade and it worked out. Almost always lose money like that. It's sort of why I want to stop going on FF. i don't want to let other traders thoughts into my head. Not that I ever really take anyone's advice on a trade here, but I want a clear mind. The other road of course is being immune to what everyone else is doing/saying and not letting it affect my decision making process. Anyways I have lost 100s of k trading and it's all due to bad money management and being a greedy idiot. With good...
Morning ,,you to buddy thanks for the post,it looks like we have opened a new dialogue about physiology,which is most important doing this ,Regards E
  • #396,047
  • Sep 2, 2014 10:45pm Sep 2, 2014 10:45pm
Quoting ill_be_back
{quote} Posted on Aug 10th, Finally 1.64475 Long from 1.64533
Everyone can see the chart, but only a few can actually read it.
  • #396,048
  • Sep 2, 2014 11:14pm Sep 2, 2014 11:14pm
For the first time since this Juggernaught rose from 1.48 area, we have a weekly/monthly close below the 23.6 retrace and retested it yesterday.
In my own observations in the past this signals the next fib as a very plausible target

1.6534 area looks like a resistance zone above to me with the next fib target below at the monthly 55ema
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 40 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 32 KB
Come with me if you want to live....
  • #396,049
  • Sep 2, 2014 11:25pm Sep 2, 2014 11:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 59 KB
hurdle here , if we can get into the trend channel if it breaks the 20 ema i will load it there test small lot first ,,back to basics ,,lol
  • #396,050
  • Sep 2, 2014 11:35pm Sep 2, 2014 11:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: MONTH.png Size: 68 KB
this could be the snag, look at the chart price wants to hit the 20 ema,look left support ? take out that orange 50 sma,and it looks different,now with the 20 sma in it looks like it is now support before you can clearly see it was resistance ,,
Attached Image (click to enlarge)
Click to Enlarge Name: mon.png Size: 68 KB
so will the sma longer term hold the short ??
  • #396,051
  • Sep 2, 2014 11:41pm Sep 2, 2014 11:41pm
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 60 KB
last chart today ,,
http://www.fxstreet.com/news/forex-n...d4e57,,reading
  • #396,052
  • Sep 2, 2014 11:47pm Sep 2, 2014 11:47pm
Quoting sam30
Long GU @ 16464 and limit 16450 SL 16425 TP @ 16495 -16530 area. Estimate Time less than 24 H. before fall again.
Decide to close @ 16477....to strange and to fast to climb up. will think to re enter @ 16450 again if PA support.
While knowledge speak up, the wisdom listen down
  • #396,053
  • Sep 3, 2014 12:27am Sep 3, 2014 12:27am
Cable building up for another fall, at least to 6455.
Everyone can see the chart, but only a few can actually read it.
  • #396,054
  • Sep 3, 2014 12:42am Sep 3, 2014 12:42am
Anything sub 16460 is an overshoot for the time being imo - using 460/490 area to trade out of my long

GU W1 M15
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gum15.PNG Size: 23 KB
  • #396,055
  • Sep 3, 2014 12:53am Sep 3, 2014 12:53am
Gidday GBP/US

Next burst up I will try an get a we short in

The way its taking these random dumps

does not inspire confidence
  • #396,056
  • Sep 3, 2014 12:59am Sep 3, 2014 12:59am
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 55 KB
what amazes me is that trillions get traded ,yet news time the price movement can almost stop ???
  • #396,057
  • Sep 3, 2014 1:01am Sep 3, 2014 1:01am
Quoting elbert3
{image} what amazes me is that trillions get traded ,yet news time the price movement can almost stop ???
last eur its going to break out top
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 64 KB
  • #396,058
  • Sep 3, 2014 1:19am Sep 3, 2014 1:19am
Quoting ill_be_back
{quote} Posted on Aug 10th, Finally 1.64475 Long from 1.64533
  • #396,059
  • Sep 3, 2014 1:28am Sep 3, 2014 1:28am
Prepare for Trade the news ...

Buy @ 16477 (half power) n limit 16455 (full power) TP 16495 SL 16425. reason ADR for last 5 days 74 pips and range so far 40 pips.

ps: speculative
While knowledge speak up, the wisdom listen down
  • #396,060
  • Sep 3, 2014 1:31am Sep 3, 2014 1:31am
Gidday GBP

Might get that we burst

been waiting for

all we need is some bullshit news

Can you imagine if the EUR spiked back up

Shorts going get screwed big time
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