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Cable Update (GBPUSD)

  • #401,901
  • Oct 6, 2014 10:27am Oct 6, 2014 10:27am
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 10:31am Oct 6, 2014 10:31am
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 10:32am Oct 6, 2014 10:32am
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 10:32am Oct 6, 2014 10:32am
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 10:35am Oct 6, 2014 10:35am
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 10:39am Oct 6, 2014 10:39am
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 10:59am Oct 6, 2014 10:59am
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 11:16am Oct 6, 2014 11:16am
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 11:22am Oct 6, 2014 11:22am
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 11:26am Oct 6, 2014 11:26am
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 11:28am Oct 6, 2014 11:28am
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 11:29am Oct 6, 2014 11:29am
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 11:31am Oct 6, 2014 11:31am
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 11:34am Oct 6, 2014 11:34am
Quoting cspip
{quote} even 1.6065..........
5 hours later....... yeah ............(85 pips green)

  • #401,915
  • Oct 6, 2014 11:35am Oct 6, 2014 11:35am
Woop.
  • #401,916
  • Oct 6, 2014 11:35am Oct 6, 2014 11:35am
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 11:36am Oct 6, 2014 11:36am
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 11:37am Oct 6, 2014 11:37am
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 11:38am Oct 6, 2014 11:38am
Quoting Dr.Blue
Woop.
Bounce from 50 was only 10 points, $ profit taking across the board today...
  • #401,920
  • Oct 6, 2014 11:39am Oct 6, 2014 11:39am
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 62 KB
could we do 6250 @@ biiiiiigggg candle ??
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