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Cable Update (GBPUSD)

  • #400,001
  • Sep 24, 2014 1:51pm Sep 24, 2014 1:51pm
roughly speaking gbp cad was 100 pips north at the time of post ,
beware of Greeks bearing gifts
basically it bounced off previous consolidation

Quoting Bones
to buy gbp cad at this point ,I have to think hda has hypnotised there is a whole raft of problems , story is break consolidation of what 7 months down ,then pull back ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,002
  • Sep 24, 2014 2:00pm Sep 24, 2014 2:00pm
you gotta have the patience of a saint to trade cad , weekly had broke to upside ,twist and turn extraordinaire
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,003
  • Sep 24, 2014 2:06pm Sep 24, 2014 2:06pm
Quoting OnlineAddict
{quote} I see a close under the line. Plus weekly points towards 1.52, I don't see any bullish trend, other than on H1, because even H4 is now under the line. Daily and weekly are bearish. {image}
I use always close price too by different view...
That is why my longs will be closed if price could close under ~6280...
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Anything is math!
  • #400,004
  • Sep 24, 2014 2:07pm Sep 24, 2014 2:07pm
still sticking to this 70pip range strong support at 1.6335 which is also 200ema on 60min could be possible long from this level back up to test the top towards 1.641 again...

edit: long from 1.634 with another pending buy on 1.6335 targeting retrace up toward 1.641 levels
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  • #400,005
  • Sep 24, 2014 2:15pm Sep 24, 2014 2:15pm
Quoting thegmann
still sticking to this 70pip range strong support at 1.6335 which is also 200ema on 60min could be possible long from this level back up to test the top towards 1.641 again... {image} {image}
for me watching 46/50 area gl E
  • #400,006
  • Sep 24, 2014 2:16pm Sep 24, 2014 2:16pm
tls are personal ,but just seems totally random ,?

Quoting Kajos2250
{quote} I use always close price too by different view... That is why my longs will be closed if price could close under ~6280... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,007
  • Sep 24, 2014 2:20pm Sep 24, 2014 2:20pm
Quoting elbert3
{quote} for me watching 46/50 area gl E
thanks e just trading my charts
  • #400,008
  • Sep 24, 2014 2:23pm Sep 24, 2014 2:23pm
Good time to long! Just my view.
I think right now GBPUSD is ranging!
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Money never sleeps I can hear the dollar calling me
  • #400,009
  • Sep 24, 2014 2:25pm Sep 24, 2014 2:25pm
Quoting thegmann
{quote} thanks e just trading my charts
gl buddy gbcad might come down now ,it followed suit before ,
  • #400,010
  • Sep 24, 2014 2:29pm Sep 24, 2014 2:29pm
Quoting Bones
tls are personal ,but just seems totally random ,? {quote}
tls help to count, RR wich is good enought
Anything is math!
  • #400,011
  • Sep 24, 2014 2:55pm Sep 24, 2014 2:55pm
ok I see I know lots just sketch on
drives me crazy like candle colours opposite like red for up lol
Quoting Kajos2250
{quote} tls help to count, RR wich is good enought
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #400,012
  • Sep 24, 2014 3:04pm Sep 24, 2014 3:04pm
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Everyone can see the chart, but only a few can actually read it.
  • #400,013
  • Sep 24, 2014 3:07pm Sep 24, 2014 3:07pm
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Money moves the market, not an indicator.
  • #400,014
  • Sep 24, 2014 3:10pm Sep 24, 2014 3:10pm
Quoting OnlineAddict
{image}

u post a chart but somehow i think u havent seen what i think u have

i wonder what u are seeing?
  • #400,015
  • Sep 24, 2014 3:13pm Sep 24, 2014 3:13pm
we are at a ton of MAJOR support levels and I see a bounce up from here moving above monthly fib support level
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  • #400,016
  • Sep 24, 2014 3:18pm Sep 24, 2014 3:18pm
Quoting nAVIN2007
{quote} u post a chart but somehow i think u havent seen what i think u have i wonder what u are seeing?
I'm seeing the continuation of the monthly chart.

Attached Image (click to enlarge)
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Everyone can see the chart, but only a few can actually read it.
  • #400,017
  • Sep 24, 2014 3:30pm Sep 24, 2014 3:30pm
Quoting thegmann
we are at a ton of MAJOR support levels and I see a bounce up from here moving above monthly fib support level {image} {image} {image} {image}
Good point. And there're lots of stops overhead left open by traders who just sold; if Asia takes them out , we'll be easily seeing 1.6400 by LDN.
Hear the music before the song is over ...
  • #400,018
  • Sep 24, 2014 3:32pm Sep 24, 2014 3:32pm
Candlestick squeeze on M30
Enter Signature
  • #400,019
  • Sep 24, 2014 3:33pm Sep 24, 2014 3:33pm
Quoting GlobalMacro
{quote} Good point. And there're lots of stops overhead left open by traders who just sold; if Asia takes them out , we'll be easily seeing 1.6400 by LDN.
this there was a lot of profit taking from the failed break of 1.641 and the good US data (hence the big drop off back down to the 1.6335 or 200ema level) now as the selling is leveling out and more buyers are loading back up we should see a price bounce from these levels as most big US buyers loaded up and are now heading home for the day. Coupled with the major support levels across all time frames I see a rise up back towards the 1.641 levels.
  • #400,020
  • Sep 24, 2014 3:35pm Sep 24, 2014 3:35pm
bears not ready to give up yet.
6280ish Support below holding
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