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Cable Update (GBPUSD)

  • #403,521
  • Oct 20, 2014 4:53am Oct 20, 2014 4:53am
Quoting Hickson
{quote} New short at 1.61085
OUT
Fix up, trade sharp ...
  • #403,522
  • Oct 20, 2014 4:56am Oct 20, 2014 4:56am
Quoting ill_be_back
{quote} This should not make a new HIGH
it should'nt break 1.62131- 40 ...
it's still down ....
  • #403,523
  • Oct 20, 2014 5:00am Oct 20, 2014 5:00am
Quoting Rtm
{quote} Will gladly take other side for you!
ok
  • #403,524
  • Oct 20, 2014 5:42am Oct 20, 2014 5:42am
Quoting DailyChart
long and hold
I agree. Am seeking retracement back to 1.6080 (preferably even a little lower), to BUY. If there's no pullback, I'd deem the trade overly risky in this environment - IMO
  • #403,525
  • Oct 20, 2014 6:47am Oct 20, 2014 6:47am
Quoting Dead.Boy
{quote} 1:1 R/R hit @ 119, target @ 140 still in, stop's holding
got 140, another target @ 203 with stop below 079 or 059
  • #403,526
  • Oct 20, 2014 7:43am Oct 20, 2014 7:43am
Quoting ill_be_back
{quote} What do YOU think GU is going to do next
Rocket mate
The fragrance remains in the hands of those that gves the rose
  • #403,527
  • Oct 20, 2014 7:57am Oct 20, 2014 7:57am
Could drop back to 1.6105...........
  • #403,528
  • Oct 20, 2014 8:58am Oct 20, 2014 8:58am
Quoting Fx_Anil
GBPUSD continues its up-ward trajectory (as signaled by the ascending trend line); however 1.6130 become important level, breaking which 1.6220 can become a good resistance to watch. On the downside, only a break of 1.6075 can change the outlook. {image}
Hi Anil,

Could you tell about the trend of Gold with trendline analysis?


Thanks
  • #403,529
  • Oct 20, 2014 10:16am Oct 20, 2014 10:16am
Quoting Fx_Anil
GBPUSD continues its up-ward trajectory (as signaled by the ascending trend line); however 1.6130 become important level, breaking which 1.6220 can become a good resistance to watch. On the downside, only a break of 1.6075 can change the outlook. {image}

well i agree with you... 1.6200 is main level ... trend is still down for me with weekly TF...
1.6200 is 50% fib level as well.... 1.62xxx would be the good level for sell ....
what you say guys ?
  • #403,530
  • Oct 20, 2014 10:19am Oct 20, 2014 10:19am
Quoting H4-forex
{quote} well i agree with you... 1.6200 is main level ... trend is still down for me with weekly TF... 1.6200 is 50% fib level as well.... 1.62xxx would be the good level for sell .... what you say guys ?
Personally, I have no intention of buying USD this week. IMO, combination of overbought condition + uncertainty = sell.
  • #403,531
  • Oct 20, 2014 11:42am Oct 20, 2014 11:42am
Quoting navk
{quote} Out with 26 +++ pips. Nice one to start the week on a positive note.
Going to SHORT GCAD when it touches 1.82277
A good trader follows his rules, but great trader knows when to break them
  • #403,532
  • Oct 20, 2014 12:04pm Oct 20, 2014 12:04pm
Quoting ill_be_back
{quote} Going to SHORT GCAD when it touches 1.82277
Pending SHORT TRIGGERED at 1.82272
A good trader follows his rules, but great trader knows when to break them
  • #403,533
  • Oct 20, 2014 12:13pm Oct 20, 2014 12:13pm
Quoting ill_be_back
{quote} Pending SHORT TRIGGERED at 1.82272
i don't trust going short that pair just yet, what i did was short gbp/chf at 1.5235, s/l 1.5284, t/p 1.5169
  • #403,534
  • Oct 20, 2014 12:15pm Oct 20, 2014 12:15pm
Quoting ill_be_back
{quote} Pending SHORT TRIGGERED at 1.82272
Looks like it's breaking out.
  • #403,535
  • Oct 20, 2014 12:19pm Oct 20, 2014 12:19pm
Quoting Dr.Blue
{quote} Looks like it's breaking out.
I see no reason for a breakout. Maybe stop hunting??
  • #403,536
  • Oct 20, 2014 12:19pm Oct 20, 2014 12:19pm
Quoting Dr.Blue
{quote} Looks like it's breaking out.
so far to the upside, il wait till i see a clear downtrend forming because the uptrend look to strong at the moment
  • #403,537
  • Oct 20, 2014 12:21pm Oct 20, 2014 12:21pm
Quoting aagarcia
{quote} I see no reason for a breakout. Maybe stop hunting??
Wouldn't surprise me.
  • #403,538
  • Oct 20, 2014 12:22pm Oct 20, 2014 12:22pm
Quoting ill_be_back
{quote} Pending SHORT TRIGGERED at 1.82272
OUT lost a few
A good trader follows his rules, but great trader knows when to break them
  • #403,539
  • Oct 20, 2014 12:22pm Oct 20, 2014 12:22pm
Quoting PoundTrader
{quote}i don't trust going short that pair just yet, what i did was short gbp/chf at 1.5235, s/l 1.5284, t/p 1.5169
ok im gonna ride this out unless i see a change, at $428 per pip lol wish you guys luck
  • #403,540
  • Oct 20, 2014 12:24pm Oct 20, 2014 12:24pm
Quoting Kajos2250
{quote} GU H4 GMT+3 I like bullish fakey on the W1! Everithing is at BE, another buy stop .6127, invalidation if price could close under ~6013, first realization ~6182... Good luck! {image} {image}
GU H4 GMT+3

The last got the BE too, slowly we arrive to first realization zone ~6182...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 46 KB
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