Cable Update (GBPUSD)
- #402,361
- Oct 9, 2014 12:35am Oct 9, 2014 12:35am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #402,363
- Oct 9, 2014 12:46am Oct 9, 2014 12:46am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{image}{image} clue from eur it looks like going to the line
morning folks
- #402,364
- Oct 9, 2014 12:50am Oct 9, 2014 12:50am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} the 1hr looks like a bull flag formation..there life in the old dog yet
- #402,365
- Oct 9, 2014 12:55am Oct 9, 2014 12:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} ing Nav 6300 ???? locked in now 6180 gl
1.63 short term
potential 1.66 long term..
Im kinda unsure about which target to shoot for..I guess if it breaks 1.63 ie there isnt a huge sell off it may correct to that point
keep it tight billy
edit:- the flag target is suggesting 1.63 (first target)
- #402,366
- Oct 9, 2014 12:57am Oct 9, 2014 12:57am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} 1.63 short term potential 1.66 long term.. Im kinda unsure about which target to shoot for..I guess if it breaks 1.63 ie there isnt a huge sell off it may correct to that point
- #402,367
- Oct 9, 2014 1:00am Oct 9, 2014 1:00am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} {image} maybe that day chart was a hanging baby ..lol locked 90 now
the weekly candle formation is a strong bull this is why im looking at 1.66 potential
I understand week is not over but theres a good piercing bull candle forming on weekly
HDA is back!!
- #402,369
- Oct 9, 2014 1:01am Oct 9, 2014 1:01am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} the weekly candle formation is a strong bull this is why im looking at 1.66 potential I understand week is not over but theres a good piercing bull candle forming on weekly HDA is back!!
- #402,370
- Oct 9, 2014 1:07am Oct 9, 2014 1:07am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} lol where thinking the same Nav,,
theres a monthly trendline around 1.6330 ish area..which i think i will likely let the longs go..and stay short..all depends
not working today..so im goig to be here to see what happens
- #402,371
- Oct 9, 2014 1:11am Oct 9, 2014 1:11am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} great minds huh
- #402,372
- Oct 9, 2014 1:17am Oct 9, 2014 1:17am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #402,373
- Oct 9, 2014 1:20am Oct 9, 2014 1:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} still careful don't be lulled into false security 308 will give a bull candle on the week chart ,,remember price has to get back to the 10 ema , sooner or later ,,its been away for weeks lol ,,
the market is doing what i thought..its reacting to the 50 retrace level from the low to high..finding a balance..bulls gaining confidence
now that monthly trendline is quite steep and if it holds bulls are creamed..the death will be slower as market needs the orders..now im at the point where bull and bear have an almost equal opportunity @ 1.63
so im in favour of PA going there..
im putting on the war suit
edit billy:- the monthly chart price is slightly over the 365ema which is support at 1.62 (lower wick facing south)..so i think longs have more to come
- #402,374
- Oct 9, 2014 1:25am Oct 9, 2014 1:25am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Out @ 1.6190 for -65 pips. & long @ 1.6190 sl: 1.6115 tp: 1.6255
- #402,375
- Oct 9, 2014 1:27am Oct 9, 2014 1:27am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} the market is doing what i thought..its reacting to the 50 retrace level from the low to high..finding a balance..bulls gaining confidence now that monthly trendline is quite steep and if it holds bulls are creamed..the death will be slower as market needs the orders..now im at the point where bull and bear have an almost equal opportunity @ 1.63 so im in favour of PA going there..
For God's sake , be a Man.
Hear the music before the song is over ...
- #402,376
- Oct 9, 2014 1:31am Oct 9, 2014 1:31am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Don't suck up to the old broker , he won't give you a job. For God's sake , be a Man.
- #402,377
- Oct 9, 2014 1:33am Oct 9, 2014 1:33am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Don't suck up to the old broker , he won't give you a job. For God's sake , be a Man.
- #402,379
- Oct 9, 2014 1:40am Oct 9, 2014 1:40am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...