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Cable Update (GBPUSD)

  • #400,661
  • Edited 11:15am Sep 29, 2014 11:05am | Edited 11:15am
Quoting elbert3
looks like 275 held it {image} lets see where now
If EU doesn't break 2661 and survives all the bottom tests, it will help GU bulls, too. But if EU breaks below...then GU will drop below 1.62 in no time.

Bulls need to defend 6230, otherwise 6180 is next.
Everyone can see the chart, but only a few can actually read it.
  • #400,662
  • Sep 29, 2014 11:38am Sep 29, 2014 11:38am
Quoting OnlineAddict
{quote} If EU doesn't break 2661 and survives all the bottom tests, it will help GU bulls, too. But if EU breaks below...then GU will drop below 1.62 in no time. Bulls need to defend 6230, otherwise 6180 is next.
that 275 area was always going to be the hard one, it did not get to the tails stopped just before ,,we could see another run at it ,but getting ready to see if it breaks sundays low , gl
  • #400,663
  • Sep 29, 2014 11:42am Sep 29, 2014 11:42am
Quoting elbert3
{quote} that 275 area was always going to be the hard one, it did not get to the tails stopped just before ,,we could see another run at it ,but getting ready to see if it breaks sundays low , gl
Tokio should set the direction for the day, if they bottom out, without breaking the low, I will try a long on EU, might be a good run, people keep adding shorts, sentiment is changing, big support from 2 years ago, can't think of a better time to long this. SL below 2661, of course, so the lower we go during Tokio, the safer the trade and smaller potential loss. I would love to long 2670-80.
Everyone can see the chart, but only a few can actually read it.
  • #400,664
  • Sep 29, 2014 12:50pm Sep 29, 2014 12:50pm
Quoting OnlineAddict
Its not the time to buy, yet. Maybe just for a scalp into asian session. {image}
it is , it is going to break this line and follow an uptrend , dont wait and buy before it goes up .
  • #400,665
  • Sep 29, 2014 12:58pm Sep 29, 2014 12:58pm
Try a long .6244, the more we will see after NY close...
Anything is math!
  • #400,666
  • Sep 29, 2014 2:03pm Sep 29, 2014 2:03pm
watching this 6238 now long or short check the 1 hour do we have a pincher ,and doji ????
  • #400,667
  • Sep 29, 2014 2:06pm Sep 29, 2014 2:06pm
Quoting Kajos2250
Try a long .6244, the more we will see after NY close...
GU H4 GMT+3

I hope bearish correction is coming to its end and bullish base is building, buy limit .6227, buy stop .6265 placed.
Invalidation and switch to bearish for a while if price could close under ~6213, targeting first ~6317...
Dirty zone.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 46 KB
Anything is math!
  • #400,668
  • Edited 2:37pm Sep 29, 2014 2:12pm | Edited 2:37pm
Quoting Kajos2250
{quote} GU H4 GMT+3 I hope bearish correction is coming to its end and bullish base is building, buy limit .6227, buy stop .6265 placed. Invalidation and switch to bearish for a while if price could close under ~6213, targeting first ~6317... Dirty zone. Good luck! {image}
candle sticks are looking good but one can never tell with gbpusd,, gl, off to bed 6232 buy order on ,,
  • #400,669
  • Sep 29, 2014 5:57pm Sep 29, 2014 5:57pm
Quoting HDA
{quote} {quote} Let's See What Happens HDA OUT
I agree with u
  • #400,670
  • Sep 29, 2014 8:31pm Sep 29, 2014 8:31pm
Quoting ill_be_back
{quote} On the DOWN side I have this {image}
Out with nice profit
Intraday only.
  • #400,671
  • Sep 29, 2014 8:42pm Sep 29, 2014 8:42pm
https://charts.mql5.com/5/818/gbpusd...estments-2.png

what london will do before GBP news ?
  • #400,672
  • Edited 9:37pm Sep 29, 2014 9:25pm | Edited 9:37pm
Quoting navk
{quote} Out with nice profit
What u have next
I see a retest of 1.8602 then DOWN to 1.84625
A good trader follows his rules, but great trader knows when to break them
  • #400,673
  • Sep 29, 2014 9:52pm Sep 29, 2014 9:52pm
Quoting ill_be_back
{quote} What u have next I see a retest of 1.8602 then DOWN to 1.84625
This pair has a range of 150 pips minimum, so 1.8475 can be expected today.
Intraday only.
  • #400,674
  • Sep 29, 2014 9:58pm Sep 29, 2014 9:58pm
Quoting navk
{quote} This pair has a range of 150 pips minimum, so 1.8475 can be expected today.
1.60 is more likely
It's easy to win & even easier to lose
  • #400,675
  • Sep 29, 2014 10:03pm Sep 29, 2014 10:03pm
Quoting navk
{quote} This pair has a range of 150 pips minimum, so 1.8475 can be expected today.
LONG at 1.8559 for the retest
A good trader follows his rules, but great trader knows when to break them
  • #400,676
  • Sep 29, 2014 10:08pm Sep 29, 2014 10:08pm
Quoting Doh
{quote} 1.60 is more likely
Sorry. I see you are referring to GA, not GU.
It's easy to win & even easier to lose
  • #400,677
  • Sep 29, 2014 10:13pm Sep 29, 2014 10:13pm
GA
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 57 KB

But GN is more fun ATM.
Ghost Rider - WWTBMD?
  • #400,678
  • Sep 29, 2014 10:20pm Sep 29, 2014 10:20pm
Quoting albchr
GA {image} But GN is more fun ATM.
Whats the spread on GN OANDA has over 10 pips
A good trader follows his rules, but great trader knows when to break them
  • #400,679
  • Sep 29, 2014 10:21pm Sep 29, 2014 10:21pm
Quoting ill_be_back
{quote} Whats the spread on GN OANDA has over 10 pips
3 pips on average.
Ghost Rider - WWTBMD?
  • #400,680
  • Sep 29, 2014 10:25pm Sep 29, 2014 10:25pm
Quoting albchr
{quote} 3 pips on average.
Who is your broker
A good trader follows his rules, but great trader knows when to break them
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