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Cable Update (GBPUSD)

  • #400,161
  • Sep 25, 2014 6:08am Sep 25, 2014 6:08am
Quoting chazzle
Tuesday low and flag bottom
price now clear of that - see if we can't drop it like it's hot - tight sl / protect earlier profit

GU M15
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  • #400,162
  • Sep 25, 2014 6:15am Sep 25, 2014 6:15am
Quoting chazzle
{quote} price now clear of that - see if we can't drop it like it's hot - tight sl / protect earlier profit GU M15 {image}
Would you explain, please, why you are looking at Tuesday's Low when for the past 8 hours at least, this pair has been rejected at Friday's Low of around 6275 and seems to be finding it difficult to convincingly break through the 6300 barrier without bouncing back?
  • #400,163
  • Sep 25, 2014 6:18am Sep 25, 2014 6:18am
Quoting chazzle
{quote} price now clear of that - see if we can't drop it like it's hot - tight sl / protect earlier profit GU M15 {image}
taken out - done for the day - gl guys
  • #400,164
  • Sep 25, 2014 6:20am Sep 25, 2014 6:20am
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  • #400,165
  • Sep 25, 2014 6:23am Sep 25, 2014 6:23am
Quoting Devonsent
{quote} Would you explain, please, why you are looking at Tuesday's Low when for the past 8 hours at least, this pair has been rejected at Friday's Low of around 6275 and seems to be finding it difficult to convincingly break through the 6300 barrier without bouncing back?
it got there in quite a dramatic way - and now is consolidating around the level - big round number, to boot (I wouldn't consider round number alone, but when added to other pa ... ) -
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  • #400,166
  • Sep 25, 2014 6:30am Sep 25, 2014 6:30am
Quoting chazzle
{quote} it got there in quite a dramatic way - and now is consolidating around the level - big round number, to boot (I wouldn't consider round number alone, but when added to other pa ... ) - {image}
Thanks
Odd, isn't it, that we all have (near aas dammit) the same charts and the same information but everyone has a different opinion varying from mild to completely opposite! I still think this is about to re-test 64xx or 65xx and am waiting for the right entry . . .
  • #400,167
  • Sep 25, 2014 6:33am Sep 25, 2014 6:33am
Quoting OnlineAddict
If you are long, it better be just an intraday scalp. {image}
I warned you guys yesterday.
Everyone can see the chart, but only a few can actually read it.
  • #400,168
  • Sep 25, 2014 6:38am Sep 25, 2014 6:38am
Flag after big fall ( 50 pips ) i think will fall more...
Try don't lose pants never...
  • #400,169
  • Sep 25, 2014 6:38am Sep 25, 2014 6:38am
USD/CAD


Continues to edge closer to the 1.1125 options barrier, trading so far as high as 1.1119 and moderately climbing.

We will have to wait and see if the US will complete the task opening up the way for the GBP/CAD to continue climbing.

So far so good, all indicators point to both barriers 1.1125 and 1.1150 being breached.

The only question to be answered is - HOW PATIENT ARE YOU?


HDA OUT
  • #400,170
  • Sep 25, 2014 6:38am Sep 25, 2014 6:38am
Quoting OnlineAddict
{quote} I warned you guys yesterday.
!.6176 seems to be next, then 1.6136 (with touch to 1.6333 /43 first)........and 1.8013 for GBPCAD (but first to 1.8188)
  • #400,171
  • Sep 25, 2014 6:40am Sep 25, 2014 6:40am
Quoting Devonsent
Thanks Odd, isn't it, that we all have (near aas dammit) the same charts and the same information but everyone has a different opinion varying from mild to completely opposite! I still think this is about to re-test 64xx or 65xx and am waiting for the right entry . . .
yep - it makes this f***ed up market lol - it is still bearish tho - gl
  • #400,172
  • Sep 25, 2014 6:43am Sep 25, 2014 6:43am
Quoting cspip
{quote} !.6176 seems to be next, then 1.6136........and 1.8013 for GBPCAD
We will see what Carney says...he might save the bulls or if bearish, Cable will drop without looking left and right. I'm glad I have nothing open before his speech.
Everyone can see the chart, but only a few can actually read it.
  • #400,173
  • Sep 25, 2014 6:48am Sep 25, 2014 6:48am
GU got support form January PA.

Support has already broken earlier this month.
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  • #400,174
  • Sep 25, 2014 6:49am Sep 25, 2014 6:49am
Quoting OnlineAddict
{quote} We will see what Carney says...he might save the bulls or if bearish, Cable will drop without looking left and right. I'm glad I have nothing open before his speech.
Done some editing while you were typing
  • #400,175
  • Sep 25, 2014 6:49am Sep 25, 2014 6:49am
Quoting chazzle
{quote} yep - it makes this f***ed up market lol - it is still bearish tho - gl
Agree. . . over the next few days or week but today . . . ? Not so sure.
I can't see why it would break suddenly down to Friday's low when it has to get through Monday's low (failed), through the big number (failed), through the .382 Fib (failed), through S2 (failed). To me, it all points to a regouping, taking a breather and moving back up before a concerted effort to break through the lot and look towards 6075.
  • #400,176
  • Sep 25, 2014 6:51am Sep 25, 2014 6:51am
Quoting cspip
{quote} Done some editing while you were typing
Yeah, I would like that bounce, before or after news, because I closed my EU short too soon yesterday, during asian session, so need to jump back in at a higher price.
Everyone can see the chart, but only a few can actually read it.
  • #400,177
  • Sep 25, 2014 6:52am Sep 25, 2014 6:52am
Quoting Devonsent
{quote} Agree. . . over the next few days or week but today . . . ? Not so sure. I can't see why it would break suddenly down to Friday's low when it has to get through Monday's low (failed), through the big number (failed), through the .382 Fib (failed), through S2 (failed). To me, it all points to a regouping, taking a breather and moving back up before a concerted effort to break through the lot and look towards 6075.

Of course,I could be talking sh*t!
  • #400,178
  • Sep 25, 2014 6:58am Sep 25, 2014 6:58am
fibo time move should finish this time
  • #400,179
  • Sep 25, 2014 7:03am Sep 25, 2014 7:03am
Quoting albchr
{quote} Gotcha! Yes just about on the course at Los Palos Verdes. Very dear friend has a beachfront in Rancho Palos Verdes. Hoping she can put me up for a spell when this house sells. So my stay (one way or the other) will be longer than a couple days. I figure hey, if I gotta live in a car, might as well do it some place nice and warm. Ya know?
Wow Al -
Yeh nice and warm always safe ...
just shout when ur around ..
all is cool ..
  • #400,180
  • Sep 25, 2014 7:04am Sep 25, 2014 7:04am
There it is again - down to the S2 and the .382 Fib at 6280 and stopped - the fourth rejection of this level in the past 6 hours.
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