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Cable Update (GBPUSD)

  • #402,801
  • Oct 14, 2014 7:04am Oct 14, 2014 7:04am
Quoting nAVIN2007
{quote} i think if i read it right theres a head n shoulder formation on the 1h..which has broken out..it might head back and test the breakout area around 1.6030 ish area
Yep, it could well do, or might retest 1.6 at main 50fib.
A broken H&S formation this low down seem quite indicative of a very strong trend that may have quite sometime to continue
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 26 KB
Come with me if you want to live....
  • #402,802
  • Oct 14, 2014 7:08am Oct 14, 2014 7:08am
Quoting poseikwame
{quote} looks interesting... SteveJ hit it spot on... The pound is just hyped on what it is actually. Fundamentally if the Wells and Citibank reports are good i'm looking at a further drop to the 158xx zone today.
With that young, slick ex- Bankster Carney warning the markets he could raise rates earlier than expected when the Pound was at about 1.69, I should have seen a drop of this depth coming a mile off :nerd:
Come with me if you want to live....
  • #402,803
  • Oct 14, 2014 7:12am Oct 14, 2014 7:12am
Quoting Ill-b-back
{quote} With that young, slick ex- Bankster Carney warning the markets he could raise rates earlier than expected when the Pound was at about 1.69, I should have seen a drop of this depth coming a mile off :nerd:
Carney is just Corny and dodgy like his name... its tested 15904.. I just came out with +20pips which isn't bad... I;m looking to scalp today... not involving in any long trades with the way the markets are getting volatile it doesn't look healthy but this baby is sure going down further *fingers crossed*
  • #402,804
  • Oct 14, 2014 7:13am Oct 14, 2014 7:13am
Quoting chiyuy
where is HDA these days. miss his colorful posts. just wondering if he is still longing this pair...
Saw him some minutes ago. He's in a fowl mood
http://www.sherv.net/cm/emo/angry/smashing-computer.gif
http://www.sherv.net/cm/emo/angry/sm...p-with-bat.gif
http://www.sherv.net/cm/emo/angry/smiley-on-fire.gif
  • #402,805
  • Oct 14, 2014 7:19am Oct 14, 2014 7:19am
Quoting Makavell
{quote} Saw him some minutes ago. He's in a fowl mood {image} {image} {image}
Come with me if you want to live....
  • #402,806
  • Oct 14, 2014 7:20am Oct 14, 2014 7:20am
Quoting poseikwame
{quote} Carney is just Corny and dodgy like his name... its tested 15904.. I just came out with +20pips which isn't bad... I;m looking to scalp today... not involving in any long trades with the way the markets are getting volatile it doesn't look healthy but this baby is sure going down further *fingers crossed*
Oh yes, he's a smiling young assassin in a smart new suit
Come with me if you want to live....
  • #402,807
  • Oct 14, 2014 7:26am Oct 14, 2014 7:26am
Today is a great day

Taken a cheeky scalp at 1.5924 short…i never scalp normally!!
Enter Signature
  • #402,808
  • Oct 14, 2014 7:28am Oct 14, 2014 7:28am
Quoting darrenware
Today is a great day Taken a cheeky scalp at 1.5924 short…i never scalp normally!!
o'dear that may have been a bad idea…..
Enter Signature
  • #402,809
  • Oct 14, 2014 7:34am Oct 14, 2014 7:34am
Quoting Ill-b-back
{quote} Oh yes, he's a smiling young assassin in a smart new suit
@1534 now!! looks like its gonna on an upward trend?... what are you thoughts?
  • #402,810
  • Oct 14, 2014 7:38am Oct 14, 2014 7:38am
Quoting poseikwame
{quote} @1534 now!! looks like its gonna on an upward trend?... what are you thoughts?
Hoping that was/is just a pull-back after it touched 5900 and will now continue its downward trend . . .

. . . . . but maybe not . . . !
  • #402,811
  • Oct 14, 2014 7:40am Oct 14, 2014 7:40am
Quoting darrenware
{quote} o'dear that may have been a bad idea…..
-10pips…remind me not to scalp!
Enter Signature
  • #402,812
  • Oct 14, 2014 7:40am Oct 14, 2014 7:40am
Quoting Devonsent
{quote} Hoping that was/is just a pull-back after it touched 5900 and will now continue its downward trend . . .
I wish the same...but if you look at ill b backs charts it might be on a upward trend before another drastic fall... You know the pound is stubborn and won't go down easily.
  • #402,813
  • Oct 14, 2014 7:47am Oct 14, 2014 7:47am
Quoting poseikwame
{quote} @1534 now!! looks like its gonna on an upward trend?... what are you thoughts?
I'm in bed on my phone.
a 30 pip up move from 1.59 is not surprising or significant for my outlook, a big drop like that will get a retrace.
off to sleep, trade well

Come with me if you want to live....
  • #402,814
  • Oct 14, 2014 7:52am Oct 14, 2014 7:52am
Quoting Ill-b-back
{quote} I'm in bed on my phone. a 30 pip up move from 1.59 is not surprising or significant for my outlook, a big drop like that will get a retrace. off to sleep, trade well
good nite bro... where you based?... looks like someone is going to bed very early
  • #402,815
  • Oct 14, 2014 8:06am Oct 14, 2014 8:06am
we have to wait 10 to 12 hours to release next major news

http://www.forexfactory.com/index.php?day=oct15.2014

CNY CPI is the first red news and there is number of GBP / USD news as usual ...

London will close within 3 hours
  • #402,816
  • Oct 14, 2014 8:12am Oct 14, 2014 8:12am
Quoting GrowthHack
we have to wait 10 to 12 hours to release next major news http://www.forexfactory.com/index.php?day=oct15.2014 CNY CPI is the first red news and there is number of GBP / USD news as usual ... London will close within 3 hours
well with that noted... Scalping can still go on only if you are on the right side of the market.
  • #402,817
  • Oct 14, 2014 8:14am Oct 14, 2014 8:14am
Just a note... I have sometimes heard market moving news over the sqwark which wasn't entered on the FF Calendar
  • #402,818
  • Oct 14, 2014 8:30am Oct 14, 2014 8:30am
Quoting ill_be_back
{quote} I have 1.82000 Looks like this going DOWN w/o any bounce
GA
To the PIP
A good trader follows his rules, but great trader knows when to break them
  • #402,819
  • Oct 14, 2014 8:34am Oct 14, 2014 8:34am
Quoting poseikwame
Just a note... I have sometimes heard market moving news over the sqwark which wasn't entered on the FF Calendar
political news not entered in economical colander there is another 'news' section its 'economical news reports' only in this colander its also called 'news' but Tsunami / war type of breaking news reports will show here http://www.forexfactory.com/news.php
  • #402,820
  • Oct 14, 2014 8:39am Oct 14, 2014 8:39am
Quoting ill_be_back
{quote} GA To the PIP
i thought you were going to bed?... Clearly Money never sleeps!! GBP/AUD on a massive down trend?
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