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Cable Update (GBPUSD)

  • #400,781
  • Sep 30, 2014 7:55am Sep 30, 2014 7:55am
that looks like a lot of buying power ??enough to take out the mornings high??? 6220 should be the number to watch
  • #400,782
  • Sep 30, 2014 8:03am Sep 30, 2014 8:03am
1.6215-1.6220 is a broken support turned resistance now
I wouldnt dare to long.
I expect 1.6088 to be visited again within the week.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,783
  • Sep 30, 2014 8:06am Sep 30, 2014 8:06am
Quoting elbert3
that looks like a lot of buying power ??enough to take out the mornings high??? 6220 should be the number to watch
short answer ? -- N O !!
Hear the music before the song is over ...
  • #400,784
  • Sep 30, 2014 8:08am Sep 30, 2014 8:08am
Quoting GlobalMacro
{quote} short answer ? -- N O !!
Is it just me or am i getting old and rusty??
Cant be me being old and rusty when im sitting well in profit....
But lesson 101 of trading is never bet against a breakout.... And that guy wants the gbpusd to take out daily highs? Gosh....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,785
  • Sep 30, 2014 8:12am Sep 30, 2014 8:12am
Quoting Lacunoide
GBPUSD can probably go under 1.600. Let's wait :-D {image}
As the $index turns......
still waiting but getting itchy
Attached Image (click to enlarge)
Click to Enlarge Name: $index.PNG Size: 58 KB
non si dimentichi mai
  • #400,786
  • Sep 30, 2014 8:15am Sep 30, 2014 8:15am
Quoting plus50
{quote} As the $index turns...... still waiting but getting itchy {image}
Nice breakout top and a retracement
Couldnt ask for a better entry to long the usdx...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,787
  • Sep 30, 2014 8:26am Sep 30, 2014 8:26am
Quoting fxtyrant
{quote} Nice breakout top and a retracement Couldnt ask for a better entry to long the usdx...
Not my intent, was looking at USDX to get confirmation of the top of GU rally.
non si dimentichi mai
  • #400,788
  • Sep 30, 2014 8:27am Sep 30, 2014 8:27am
Quoting GlobalMacro
{quote} short answer ? -- N O !!
sure you want to ask a friend ,,,lol snd chance maybe ,??
  • #400,789
  • Sep 30, 2014 8:30am Sep 30, 2014 8:30am
Quoting fxtyrant
{quote} Is it just me or am i getting old and rusty?? Cant be me being old and rusty when im sitting well in profit.... But lesson 101 of trading is never bet against a breakout.... And that guy wants the gbpusd to take out daily highs? Gosh....
lol regards E
  • #400,790
  • Sep 30, 2014 8:41am Sep 30, 2014 8:41am
1.5989 is the red line on the sand again, if this level goes then we'll see 1.5495. would be watching if 1.6088 would give way.
  • #400,791
  • Sep 30, 2014 8:45am Sep 30, 2014 8:45am
Quoting TerpFan2
{quote} I'm "South"... A little LOWER than 'Global's Fine Entry, ! -Great Job, "GlobalMacro"! -(10 pip's "shy" @1.6258 "ish&quot. I'm a little "slow" to the take, for -Whoever's Counting... Hopefully...
Hi Jeff, We had an upthrust early Europ. session , made for a good short entry. What I like even more about the trade I took is the RR so far 8:1 .

Your entered at a good place as well. I see you're looking around the same level as my T/P i.e. 1.6106
I may expand my T/P later though.
G/L
Hear the music before the song is over ...
  • #400,792
  • Sep 30, 2014 9:02am Sep 30, 2014 9:02am
Quoting navk
{quote} Out from second set of shorts.
Did u get in for the 3rd, I am IN TP 1.84275
A good trader follows his rules, but great trader knows when to break them
  • #400,793
  • Sep 30, 2014 9:11am Sep 30, 2014 9:11am
Back to the broken support
Attached Image (click to enlarge)
Click to Enlarge Name: KAble1.gif Size: 177 KB
  • #400,794
  • Sep 30, 2014 9:12am Sep 30, 2014 9:12am
huh... on such a bad US data, one would have thought the GBPUSD be flying by now.....
heheh goes to show how heavily under pressure GBPUSD....
Broken support still proving difficult to break back above.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,795
  • Sep 30, 2014 9:15am Sep 30, 2014 9:15am
Quoting ill_be_back
{quote} Did u get in for the 3rd, I am IN TP 1.84275
After analysis I shall take trades only in Asia, today it is done and good too.
Intraday only.
  • #400,796
  • Sep 30, 2014 9:16am Sep 30, 2014 9:16am
Quoting navk
{quote} After analysis I shall take trades only in Asia, today it is done and good too.
hmmm you're gona miss one hell of an active trading session after london close.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,797
  • Sep 30, 2014 9:18am Sep 30, 2014 9:18am
Quoting elbert3
{quote} sure you want to ask a friend ,,,lol snd chance maybe ,??
that's what the forum is for. Was trading couple of different markets at the same time so I only had time for short answer

Billy , tell me why do you think it's gonna take out today's high...
Hear the music before the song is over ...
  • #400,798
  • Sep 30, 2014 9:23am Sep 30, 2014 9:23am
Quoting fxtyrant
{quote} hmmm you're gona miss one hell of an active trading session after london close.....
How ?
Intraday only.
  • #400,799
  • Sep 30, 2014 9:26am Sep 30, 2014 9:26am
Quoting GlobalMacro
{quote} Hi Jeff, We had an upthrust early Europ. session , made for a good short entry. What I like even more about the trade I took is the RR so far 8:1 . Your entered at a good place as well. I see you're looking around the same level as my T/P i.e. 1.6106 I may expand my T/P later though. G/L
Hey Global,
Yeah Buddy...
'Still holding "Short". -Why 'Don't know... 'Couldda made money down,
-then back up, and then back down, here.

-The Bear's are 'Pawing @this little retrace back up.
I was "Stubborn" w/my Targets, and 'had to take 'daughter to school.

What i see (as you did), as 'Potential
X 1.6185 -Taken out in an Earlier Wave-3 Extension
__ 1.6155 APP 100% (Alternate Price Projection) -This one almost "Nipped" @ 1.6161
__ 1.6133 APP 1.272%
__ 1.6104-1.6091 APP's

We'll See,
She's Injured and "Revived" a Tad...
It looks like we had a little 5-wave run back up.
'Don't know "if" she'll correct & start another one,
but 'was hope for a 2nd Wave-Set, back down,
"South of the Border". -Again, we will see, eh?
Best of All Global,

Jeff
I will work to Objectively Identify my Edges
  • #400,800
  • Sep 30, 2014 9:26am Sep 30, 2014 9:26am
Quoting navk
{quote} How ?
Most active session for the past few weeks has been the US afternoon and after London Close.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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