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Cable Update (GBPUSD)

  • #403,561
  • Oct 20, 2014 3:30pm Oct 20, 2014 3:30pm
Quoting navk
{quote} Look at the opportunities in GA today, You have two big news events today in Asia.
what you think GA UP or DOWN during the 1st news
A good trader follows his rules, but great trader knows when to break them
  • #403,562
  • Oct 20, 2014 3:32pm Oct 20, 2014 3:32pm
GU, if it starts down, may get to 1.6043..........
  • #403,563
  • Oct 20, 2014 3:33pm Oct 20, 2014 3:33pm
Quoting cspip
GU, if it starts down, may get to 1.6043..........
Will Enter GU trade after Asia News
A good trader follows his rules, but great trader knows when to break them
  • #403,564
  • Oct 20, 2014 3:52pm Oct 20, 2014 3:52pm
Quoting ill_be_back
{quote} what you think GA UP or DOWN during the 1st news
Down move shall be contained around 1.8350. SHall be bullish today in my opinion.
Intraday only.
  • #403,565
  • Oct 20, 2014 3:56pm Oct 20, 2014 3:56pm
Quoting navk
{quote} Down move shall be contained around 1.8350. SHall be bullish today in my opinion.
I think during 1st news will go DOWN, Will Enter LONG then
A good trader follows his rules, but great trader knows when to break them
  • #403,566
  • Oct 20, 2014 3:57pm Oct 20, 2014 3:57pm
Quoting ill_be_back
{quote} I think during 1st news will go DOWN, Will Enter LONG then
Let us wait for the news and trade accordingly.
Intraday only.
  • #403,567
  • Oct 20, 2014 4:00pm Oct 20, 2014 4:00pm
Quoting navk
{quote} Down move shall be contained around 1.8350. SHall be bullish today in my opinion.
Howdy all
I am expressing my ignorance I am sure but my chart shows price currently at 1.61406..not sure what you mean by "PRice contained 1.8350"...am I missing something?? LOL...
Just so you know I have been trading on and off for 8 years,,only the last couple have I got my act together and actually do what I should. So I am an intermediate trader! Personally I think the GPBUSD will run to the 1.61990 region but also test the 1.61406 region (to be honest with news pending I am not a prophet but still not 100% sure!! My setup uses a 35 and 50EMA as parts of the confluence puzzle and they are still showing quite bearish signs so if I take a bullish position I won't be staying long but depending on the impact of the news probably I will take a short near strong resistance/confluence points...
REally trading is so much more about right time right place, gut and method and some good ole fashion luck too!
  • #403,568
  • Oct 20, 2014 4:01pm Oct 20, 2014 4:01pm
Quoting four.owls
{quote} Howdy all I am expressing my ignorance I am sure but my chart shows price currently at 1.61406..not sure what you mean by "PRice contained 1.8350"...am I missing something?? LOL... Just so you know I have been trading on and off for 8 years,,only the last couple have I got my act together and actually do what I should. So I am an intermediate trader! Personally I think the GPBUSD will run to the 1.61990 region but also test the 1.61406 region (to be honest with news pending I am not a prophet but still not 100% sure!!
We discussing GA
A good trader follows his rules, but great trader knows when to break them
  • #403,569
  • Oct 20, 2014 4:03pm Oct 20, 2014 4:03pm
Quoting four.owls
{quote} Howdy all I am expressing my ignorance I am sure but my chart shows price currently at 1.61406..not sure what you mean by "PRice contained 1.8350"...am I missing something?? LOL... Just so you know I have been trading on and off for 8 years,,only the last couple have I got my act together and actually do what I should. So I am an intermediate trader! Personally I think the GPBUSD will run to the 1.61990 region but also test the 1.61406 region (to be honest with news pending I am not a prophet but still not 100% sure!!
I agree with you, GU looks bullish today. My earlier post was for GA.
Intraday only.
  • #403,570
  • Oct 20, 2014 4:45pm Oct 20, 2014 4:45pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
It's a longer term outlook & may take several days to develop but it could turn out to be a nice Head & Shoulders reversal pattern on the Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_hs.png Size: 66 KB
  • #403,571
  • Oct 20, 2014 5:09pm Oct 20, 2014 5:09pm
Quoting eggs
It's a longer term outlook & may take several days to develop but it could turn out to be a nice Head & Shoulders reversal pattern on the Daily. {image}
Thanks for that clarification, I tend to think more so no more than a day or 2 ahead! Probably shows a lot about me! I will look into your chart also as I do feel it has upside potential but needs to break through some resistance!
Thanks again!
  • #403,572
  • Oct 20, 2014 5:33pm Oct 20, 2014 5:33pm
Quoting navk
{quote} Let us wait for the news and trade accordingly.
A quick 15 ++
Intraday only.
  • #403,573
  • Oct 20, 2014 5:34pm Oct 20, 2014 5:34pm
Quoting ill_be_back
{quote} I think during 1st news will go DOWN, Will Enter LONG then
Got some of my 3 SHORTS EA M15
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #403,574
  • Oct 20, 2014 5:37pm Oct 20, 2014 5:37pm
Quoting ill_be_back
{quote} Got some of my 3 SHORTS EA M15 {image}
Intraday only.
  • #403,575
  • Oct 20, 2014 5:39pm Oct 20, 2014 5:39pm
Quoting navk
{quote} A quick 15 ++
You too
Now to look for LONG Entry before the next News
A good trader follows his rules, but great trader knows when to break them
  • #403,576
  • Oct 20, 2014 6:05pm Oct 20, 2014 6:05pm
1.8464 first target.
Intraday only.
  • #403,577
  • Oct 20, 2014 7:05pm Oct 20, 2014 7:05pm
Quoting ill_be_back
{quote} You too Now to look for LONG Entry before the next News
Lost a few on that
A good trader follows his rules, but great trader knows when to break them
  • #403,578
  • Oct 20, 2014 7:12pm Oct 20, 2014 7:12pm
GA got hit with China news, now the question is how low can this go ,,1.8300 good place to buy?

Quoting ill_be_back
{quote} Lost a few on that
  • #403,579
  • Oct 20, 2014 7:18pm Oct 20, 2014 7:18pm
Quoting ill_be_back
{quote} Lost a few on that
whatever I gained in the last news event, I lost.
Intraday only.
  • #403,580
  • Oct 20, 2014 7:29pm Oct 20, 2014 7:29pm
Quoting navk
{quote} whatever I gained in the last news event, I lost.
Lost a bit more then I made in the last trade, But I am back IN
LONG GA 1.83575
A good trader follows his rules, but great trader knows when to break them
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