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Cable Update (GBPUSD)

  • #403,021
  • Oct 15, 2014 12:10pm Oct 15, 2014 12:10pm
Quoting navk
{quote} Made my day + +++ Took Long GA and closed two times positively. Made some - Lost all + Recovered all for today.
A good trader follows his rules, but great trader knows when to break them
  • #403,022
  • Oct 15, 2014 12:11pm Oct 15, 2014 12:11pm
its not often u see a massive bear candle like yesterday and a move up right to the top and then the sum bitch falls right to the bottom..
crazy movement..
  • #403,023
  • Oct 15, 2014 12:17pm Oct 15, 2014 12:17pm
Quoting ill_be_back
{quote} Risky Shorting, I would wait to reach my level to go LONG(Better RR)
Will not LONG this Beast, Can & I think Will go lower then That
A good trader follows his rules, but great trader knows when to break them
  • #403,024
  • Oct 15, 2014 12:21pm Oct 15, 2014 12:21pm
I am extremely worried about the GBPUSD currency pair. Earlier the USA $ news favoured Cable and yes Cable did rise but could not hold its new position and now has descended over 1500 pips and is heading for the lowest reading of the day. It is all pointing to the naked fact that pound sterling is overvalued. Nothing absolutely nothing can replace a stable manufacturing base. It is the engine that powers commerce and exports.

I will now have to seriously reevaluate this pair and plan a completely different strategy.
  • #403,025
  • Oct 15, 2014 12:26pm Oct 15, 2014 12:26pm
Quoting ill_be_back
{quote}
Made 20 more.
Intraday only.
  • #403,026
  • Oct 15, 2014 12:29pm Oct 15, 2014 12:29pm
Quoting nAVIN2007
its not often u see a massive bear candle like yesterday and a move up right to the top and then the sum bitch falls right to the bottom.. crazy movement..
If this goes Lower then 1.5877, Then more DOWN, If it dont then possibly trend CHANGE
A good trader follows his rules, but great trader knows when to break them
  • #403,027
  • Oct 15, 2014 12:31pm Oct 15, 2014 12:31pm
Quoting steve j
i am extremely worried about the gbpusd currency pair. Earlier the usa $ news favoured cable and yes cable did rise but could not hold its new position and now has descended over 1500 pips and is heading for the lowest reading of the day. It is all pointing to the naked fact that pound sterling is overvalued. Nothing absolutely nothing can replace a stable manufacturing base. It is the engine that powers commerce and exports. I will now have to seriously reevaluate this pair and plan a completely different strategy.

dammnnn cable is giving people heart attacks!! I know alot of you were longing before this drastic drop already
  • #403,028
  • Oct 15, 2014 12:32pm Oct 15, 2014 12:32pm
Quoting ill_be_back
{quote} If this goes Lower then 1.5877, Then more DOWN, If it dont then possibly trend CHANGE
GU LONG at 1.58988, SL 1.58690 TP OPEN
A good trader follows his rules, but great trader knows when to break them
  • #403,029
  • Oct 15, 2014 12:35pm Oct 15, 2014 12:35pm
what a freaking crazzzyyyy day. Investors jumping ship and pumping their money into bonds looks like the word on wall street is the fed won't be raising rates... Could see a big pullback in the dollar in the coming weeks as people realize that inflation isn't going up... Watch out...
  • #403,030
  • Oct 15, 2014 12:37pm Oct 15, 2014 12:37pm
CABLE DANCING AROUND 15900 area... go down babyyyyyyy!! come on your yanks!!
  • #403,031
  • Oct 15, 2014 12:41pm Oct 15, 2014 12:41pm
Quoting ill_be_back
{quote} GU LONG at 1.58988, SL 1.58690 TP OPEN
and there we go...
  • #403,032
  • Oct 15, 2014 12:47pm Oct 15, 2014 12:47pm
may be looking to long soon...this inverted hammer looking scarrry see if we can close like this.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
  • #403,033
  • Oct 15, 2014 12:48pm Oct 15, 2014 12:48pm
We'll see ranging market from here between 5850 and 5940..​
When Scalpers win, I lose and Vice varsa...
  • #403,034
  • Oct 15, 2014 12:49pm Oct 15, 2014 12:49pm
Quoting ill_be_back
{quote} GU LONG at 1.58988, SL 1.58690 TP OPEN
Got me better Entry at 1.58811, so OUT of the 1st with a few
A good trader follows his rules, but great trader knows when to break them
  • #403,035
  • Oct 15, 2014 12:55pm Oct 15, 2014 12:55pm
Quoting ill_be_back
{quote} Got me better Entry at 1.58811, so OUT of the 1st with a few
i started longing at 1588... still in...
  • #403,036
  • Oct 15, 2014 12:58pm Oct 15, 2014 12:58pm
Quoting thegmann
may be looking to long soon...this inverted hammer looking scarrry see if we can close like this. {image}
this honestly may be the start of reversal or at least a retrace back upwards, we may have found our bottom, especially with fed (almost guaranteed) to not raise rates anytime soon and inflation level staying below 2%. If this daily closes inverted in the green almost tell tale reversal pattern.
  • #403,037
  • Oct 15, 2014 1:04pm Oct 15, 2014 1:04pm
What is it with GU, up and down like a cheap hooker shhss... Good news it will return to 1.6050
Peace & Pips
  • #403,038
  • Oct 15, 2014 1:04pm Oct 15, 2014 1:04pm
Quoting poseikwame
{quote} i started longing at 1588... still in...
Good Entry, My SL 1.58610
A good trader follows his rules, but great trader knows when to break them
  • #403,039
  • Oct 15, 2014 1:07pm Oct 15, 2014 1:07pm
Not sure if some of you are looking at this correctly regarding the interest rate hike being delayed. Many experts are looking at a 15% or so reversal/correction. Most likely neither US Fed nor BOE is going to do interest rate hikes any time soon. I believe the market knows that. Typically you see big money players put their cash or at least diversify it in safer security options. With Eurozone not looking pretty, more money being pumped into US and I think that will drive a stronger dollar overall (i.e. risk aversion). Let's not forget what happened in October 2008 although right now we do not have the catalyst we had then.....just my analysis
  • #403,040
  • Oct 15, 2014 1:20pm Oct 15, 2014 1:20pm
GU H4 GMT+3

I guess good enought RR, just do it SL .6848.
I am wondering about tomorrow!

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
Anything is math!
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