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Cable Update (GBPUSD)

  • #401,901
  • Oct 6, 2014 12:27pm Oct 6, 2014 12:27pm
Quoting ez0770
{quote} That was the low of the Scottish referendum meltdown. I would expect a few limit sell orders at that level and I would expect it to be tested eventually, possibly even today...
I think that was the HIGH for today ( But I have been wrong many times before)
A good trader follows his rules, but great trader knows when to break them
  • #401,902
  • Oct 6, 2014 12:31pm Oct 6, 2014 12:31pm
Quoting ez0770
{quote} That was the low of the Scottish referendum meltdown. I would expect a few limit sell orders at that level and I would expect it to be tested eventually, possibly even today...
Your on my wavelength. If not today, then possibly when the Asian markets open later.
  • #401,903
  • Oct 6, 2014 12:32pm Oct 6, 2014 12:32pm
Quoting thegmann
{quote} why's that?
A good trader follows his rules, but great trader knows when to break them
  • #401,904
  • Oct 6, 2014 12:32pm Oct 6, 2014 12:32pm
Took the GU Long Breakout, missed the continuation, and went Break even on an earlier GU long.

Stayed 1-1. Counter Trend

Attached Image (click to enlarge)
Click to Enlarge Name: GU Long 2.PNG Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-06_GU.png Size: 44 KB
  • #401,905
  • Oct 6, 2014 12:35pm Oct 6, 2014 12:35pm
Quoting ill_be_back
{quote} I think that was the HIGH for today ( But I have been wrong many times before)
In any case I would expect some kind of a bounce from around that area if/when we do touch it, which should give you plenty of room to manage your short...good luck
  • #401,906
  • Oct 6, 2014 12:39pm Oct 6, 2014 12:39pm
Momentum is still strong on the hourly and is about to cross over on the 4Hr.

They have forecast some very optimistic UK Manufacturing figures for release tomorrow. That will be very interesting.
  • #401,907
  • Oct 6, 2014 12:59pm Oct 6, 2014 12:59pm
Quoting ill_be_back
Pending Buy GCAD 1.78722
Triggered
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #401,908
  • Oct 6, 2014 1:16pm Oct 6, 2014 1:16pm
Quoting thegmann
{quote} why's that?
Quoting ill_be_back
{quote}
you still haven't answered my question hahaha . Why that specific target? Just wanted to know your reasoning besides just that you like the number lol.

Way I see it is GBP/USD is being dragged up by EUR/USD right now, so basically were going up until euro levels out. Or until manufacturing data tomorrow, which if good were going up to 1.61 level where I have another short. If bad were going down to 1.58 and eventually 1.55 levels where I see the pound long term.
  • #401,909
  • Oct 6, 2014 1:22pm Oct 6, 2014 1:22pm
Quoting ill_be_back
{quote} Max High I have is 1.60456
Triggered my second SHORT @ 1.60456, Lets see if it turns from here or more HIGH
A good trader follows his rules, but great trader knows when to break them
  • #401,910
  • Oct 6, 2014 1:26pm Oct 6, 2014 1:26pm
Quoting thegmann
{quote} {quote} you still haven't answered my question hahaha . Why that specific target? Just wanted to know your reasoning besides just that you like the number lol. Way I see it is GBP/USD is being dragged up by EUR/USD right now, so basically were going up until euro levels out. Or until manufacturing data tomorrow, which if good were going up to 1.61 level where I have another short. If bad were going down to 1.58 and eventually 1.55 levels where I see the pound long term.
Borrowed this from albchr, seems to be working good

http://www.forexfactory.com/attachme...1&d=1405028334
A good trader follows his rules, but great trader knows when to break them
  • #401,911
  • Oct 6, 2014 1:28pm Oct 6, 2014 1:28pm
Quoting ill_be_back
{quote} Borrowed this from albchr, seems to be working good {image}
So THAT'S where it went!
Ghost Rider - WWTBMD?
  • #401,912
  • Oct 6, 2014 1:29pm Oct 6, 2014 1:29pm
Quoting ill_be_back
Pending Buy GCAD 1.78722
TP on this 1.79371
A good trader follows his rules, but great trader knows when to break them
  • #401,913
  • Oct 6, 2014 1:31pm Oct 6, 2014 1:31pm
Quoting albchr
{quote} So THAT'S where it went!
...
A good trader follows his rules, but great trader knows when to break them
  • #401,914
  • Oct 6, 2014 1:34pm Oct 6, 2014 1:34pm
Quoting cspip
{quote} even 1.6065..........
5 hours later....... yeah ............(85 pips green)

  • #401,915
  • Oct 6, 2014 1:35pm Oct 6, 2014 1:35pm
Woop.
  • #401,916
  • Oct 6, 2014 1:35pm Oct 6, 2014 1:35pm
Quoting ill_be_back
{quote} ...
And here I thought I just misplaced while moving stuff in the house. Take good care of it buddy. ...

EU coming up on 1.26583 - GU to 1.6130. Just at a quick glance. Without my ball and all.
Ghost Rider - WWTBMD?
  • #401,917
  • Oct 6, 2014 1:36pm Oct 6, 2014 1:36pm
close above 64 would be nice..................and then 1.6115..........(or first lower from here, 64, to 1.6024 ish)
  • #401,918
  • Oct 6, 2014 1:37pm Oct 6, 2014 1:37pm
Quoting sam69
{quote} not yet will go to 1.6057 {image}
there you go,6057...
Money is made by sitting, not trading. Jesse L. Livermore
  • #401,919
  • Oct 6, 2014 1:38pm Oct 6, 2014 1:38pm
Quoting Dr.Blue
Woop.
Bounce from 50 was only 10 points, $ profit taking across the board today...
  • #401,920
  • Oct 6, 2014 1:39pm Oct 6, 2014 1:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 62 KB
could we do 6250 @@ biiiiiigggg candle ??
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