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Cable Update (GBPUSD)

  • #403,901
  • Oct 24, 2014 6:10am Oct 24, 2014 6:10am
Quoting GlobalMacro
{quote} 1.6005 support held and we're now back at 1.6072-82 Change of Polarity level. This breaks then nothing in the way until 1.6165.
Right,
rally stopped smack-dab at 1.6072 CP ,
huge fight going on to shift momentum but still bearish under 1.6072
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Hear the music before the song is over ...
  • #403,902
  • Oct 24, 2014 6:11am Oct 24, 2014 6:11am
Quoting PIP Lover
For me cable is at a key level. Take a look at the weekly candles. Last week price action formed a nice pinbar . These pinbars have a tendency to get tested right at the middle of the candle -which is exactly what happened. Should the middle of the last weeks' pinbar be broken to the downside I will enter short with Target of 1.57XX. BTW this level is 1.6000. For me we are in range and I will not enter long unless 1.6120 is broken to the upside, or 1.600 to the downside. {image}
Nice analysis. I do use mostly Daily and 4H charts.
  • #403,903
  • Oct 24, 2014 6:28am Oct 24, 2014 6:28am
Quoting PIP Lover
For me cable is at a key level. Take a look at the weekly candles. Last week price action formed a nice pinbar . These pinbars have a tendency to get tested right at the middle of the candle -which is exactly what happened. Should the middle of the last weeks' pinbar be broken to the downside I will enter short with Target of 1.57XX. BTW this level is 1.6000. For me we are in range and I will not enter long unless 1.6120 is broken to the upside, or 1.600 to the downside. {image}
i think the long fakey on the W1 makes the long preferable!
Anything is math!
  • #403,904
  • Oct 24, 2014 6:36am Oct 24, 2014 6:36am
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a lot depends how one see it,, do you see it long or short ??? if your in a long trade you see the chart long and vice versa ,, strange this trading sometimes
  • #403,905
  • Oct 24, 2014 6:51am Oct 24, 2014 6:51am
Quoting albchr
{quote} Sometimes it's better to view it as a heartbeat monitor.
Maybe we can save this one

C'mon puppy dog, c'mon, wake up
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Come with me if you want to live....
  • #403,906
  • Oct 24, 2014 6:54am Oct 24, 2014 6:54am
Quoting Ill-b-back
{quote} Maybe we can save this one C'mon puppy dog, c'mon, wake up {image}
I guess US news later will determine if we pull the plug or keep on life support
Come with me if you want to live....
  • #403,907
  • Oct 24, 2014 6:57am Oct 24, 2014 6:57am
Quoting PoundTrader
I went long early at 1.6011, s/l 1.5974, t/p 1.6090 who knows it's friday shit happens
Ok i close half my trade at 1.6055, rest set at B/E.
  • #403,908
  • Oct 24, 2014 6:59am Oct 24, 2014 6:59am
Quoting Ill-b-back
{quote} Maybe we can save this one C'mon puppy dog, c'mon, wake up {image}
Not saying it can't but for a day trader, there's a fair amount standing in it's way right now. A decisive daily/weekly break of 6080 would help. 6100 even better.
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Ghost Rider - WWTBMD?
  • #403,909
  • Oct 24, 2014 7:05am Oct 24, 2014 7:05am
Quoting albchr
{quote} Not saying it can't but for a day trader, there's a fair amount standing in it's way right now. A decisive daily/weekly break of 6080 would help. 6100 even better. {image} {image}
Oh I know, I'm on almost full auto and have seen much weirder bullish behavior than this since the Fed stepped in.
I'm totally mechanical and on automatic and got the EA to prove it lol...
I like 6430 as a target if we close bullish today to complement last weeks candle
Come with me if you want to live....
  • #403,910
  • Oct 24, 2014 7:15am Oct 24, 2014 7:15am
Quoting Ill-b-back
{quote} Oh I know, I'm on almost full auto and have seen much weirder bullish behavior than this since the Fed stepped in. I'm totally mechanical and on automatic and got the EA to prove it lol... I like 6430 as a target if we close bullish today to complement last weeks candle
... and ... I get the feeling EA doesn't stand for Expert Advisor in this case. LOL ...
Ghost Rider - WWTBMD?
  • #403,911
  • Oct 24, 2014 7:21am Oct 24, 2014 7:21am
Quoting albchr
{quote} ... and ... I get the feeling EA doesn't stand for Expert Advisor in this case. LOL ...
it does
Come with me if you want to live....
  • #403,912
  • Oct 24, 2014 7:31am Oct 24, 2014 7:31am
keep it simple I'm long off tl ,see if we can get some kind of big picture retrace
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #403,913
  • Oct 24, 2014 7:33am Oct 24, 2014 7:33am
like watching paint dry,, 6075 then we might see a move up 6100 plus would be good locked 14 pips on 50 .. going out target 6093
  • #403,914
  • Oct 24, 2014 7:39am Oct 24, 2014 7:39am
possibly ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #403,915
  • Oct 24, 2014 8:57am Oct 24, 2014 8:57am
Quoting Kajos2250
{quote} GU H4 GMT+3 Another buy stop .6068... {image}
GU H4 GMT+3

Buy stop triggered too and previous long got the BE...

Good luck!
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Anything is math!
  • #403,916
  • Oct 24, 2014 9:00am Oct 24, 2014 9:00am
Quoting Kajos2250
{quote} GU H4 GMT+3 Buy stop triggered too and previous long got the BE... Good luck! {image}
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looks like that old 6050 was acting as res,,, how high can it go,, 97 is the 20 ema on the day chart and a possible short area,, fingers crossed ,,gl E
  • #403,917
  • Oct 24, 2014 9:02am Oct 24, 2014 9:02am
Quoting PoundTrader
I went long early at 1.6011, s/l 1.5974, t/p 1.6090 who knows it's friday shit happens
im out 73 pips heve a good weekend guys
  • #403,918
  • Oct 24, 2014 9:03am Oct 24, 2014 9:03am
Quoting kajos2250
{quote} gu h4 gmt+3 buy stop triggered too and previous long got the be... Good luck! {image}
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line attraction above a tp area for me if we can get there
  • #403,919
  • Oct 24, 2014 9:04am Oct 24, 2014 9:04am
Quoting poundtrader
{quote}im out 73 pips heve a good weekend guys
owwwww just started to take off ,,,its friday,, big moves some times ,, well done thou,, 61O3 ISH AREA ANOTHER RES
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  • #403,920
  • Oct 24, 2014 9:08am Oct 24, 2014 9:08am
Only + 32, but better than losing ... did not risk news.
Fix up, trade sharp ...
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