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Cable Update (GBPUSD)

  • #404,821
  • Nov 6, 2014 7:39am Nov 6, 2014 7:39am
Already 35pips... Is it will be retrace again like yesterday ? see later.
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  • #404,822
  • Nov 6, 2014 7:41am Nov 6, 2014 7:41am
added 5912. looking for 5860
  • #404,823
  • Nov 6, 2014 7:49am Nov 6, 2014 7:49am
Quoting Dano12
come back 15900
  • #404,824
  • Nov 6, 2014 7:56am Nov 6, 2014 7:56am
Quoting giveachance
added 5912. looking for 5860
closed all 5892. euro is going to go up and so will GBP. will short after NFP now
  • #404,825
  • Nov 6, 2014 9:09am Nov 6, 2014 9:09am
carrying on with the plan 5833
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  • #404,826
  • Nov 6, 2014 9:27am Nov 6, 2014 9:27am
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watching the lines here now ,,,balls a twitching
  • #404,827
  • Nov 6, 2014 9:35am Nov 6, 2014 9:35am
Quoting Mr.C
{quote} {quote} Took off some load and banked one position for +67 points already. The other order is left running with +74 pips and SL at +1.
Quoting Mr.C
{quote} Knocking at the door now. Looks more like breaking it..maybe not today with the 146% daily range but I see a further move south.
We're back to ~1,5870. Won't be teasing the markets this time. Tuesday's GU short closed for another +105 pips. Cable is on the list for new positions till the end of the week at least.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #404,828
  • Nov 6, 2014 9:38am Nov 6, 2014 9:38am
Quoting Mr.C
{quote} {quote} We're back to ~1,5870. Won't be teasing the markets this time. Tuesday's GU short closed for another +105 pips. Cable is on the list for new positions till the end of the week at least. {image}
watching 5 min candle close above the 900 i will take it off ,trying to hold on to break the last low
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price was rejected from the breakout box ??
  • #404,829
  • Nov 6, 2014 9:42am Nov 6, 2014 9:42am
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come on
  • #404,830
  • Nov 6, 2014 9:44am Nov 6, 2014 9:44am
Quoting GlobalMacro
Bearish momentum maintaining ... Friday's failure to close above 1.6005 and subsequent drop to 1.5927 as well as no follow-through today after 1.6000 break (1.6050 immediate resistance) make 1.5900s support vulnerable to retest.
1.5900 retest done. Momentum still bearish.
1.5890 is now make or break.
Hear the music before the song is over ...
  • #404,831
  • Nov 6, 2014 9:45am Nov 6, 2014 9:45am
Quoting elbert3
{quote} watching 5 min candle close above the 900 i will take it off ,trying to hold on to break the last low{image} price was rejected from the breakout box ??
I don't like the timing when the price approaches this ~1,5870-1,5857 area. We're here with a full daily range again (114%). Same zone with full range. The only difference is that we had a more filled range yesterday (152%).

I think that if not a pullback, we'll be stuck there till at least Asian session.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #404,832
  • Nov 6, 2014 9:47am Nov 6, 2014 9:47am
Quoting GlobalMacro
{quote} 1.5900 retest done. Momentum still bearish. 1.5890 is now make or break.
could get pincher 5863 trend back up ??? if that fails full retrace 5720 ?? wont know this until day candle is closed
  • #404,833
  • Nov 6, 2014 9:49am Nov 6, 2014 9:49am
Quoting Mr.C
{quote} I don't like the timing when the price approaches this ~1,5870-1,5857 area. We're here with a full daily range again (114%). I think that if not a pullback, we'll be stuck there till at least Asian session.
yes looks like the same as yesterday i posted that it will stay in the blue bow,,, 14 hours later it was still there ??? soon see ,, i some how dont think that will be the case today,, i think there will be a lot of buyers on that low ??
  • #404,834
  • Nov 6, 2014 9:50am Nov 6, 2014 9:50am
Very interesting... Trying to test yesterday's lows... But a lot of resistance... So I think nfp is looking red.... Bring the bounce...
Peace & Pips
  • #404,835
  • Nov 6, 2014 9:55am Nov 6, 2014 9:55am
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it going back to 920 then try again if this 10 ema does not hold it if so trade off and short at 19 order on,,,got to run now,,, shit took me out as typing sell order 919 sl 926,, tp on the 862 ,,wife time
  • #404,836
  • Nov 6, 2014 10:00am Nov 6, 2014 10:00am
I see a pinbar and next bar is a candle with body filling pinbar. If i'm not wrong that is a continuation pattern, then price will be down more...
Try don't lose pants never...
  • #404,837
  • Nov 6, 2014 10:03am Nov 6, 2014 10:03am
Quoting elbert3
{quote} yes looks like the same as yesterday i posted that it will stay in the blue bow,,, 14 hours later it was still there ??? soon see ,, i some how dont think that will be the case today,, i think there will be a lot of buyers on that low ??
If there are lots of buyers, there are lots of stops hidden below and wanted - you know what I mean. Anyways, loaded GBP/CAD short from 1,8198 today that looks more or less promising so will stay aside to only monitor cable this evening.

Good luck guys!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #404,838
  • Edited 10:30am Nov 6, 2014 10:17am | Edited 10:30am
1.5840 ish next down...........(and could be todays low...)
  • #404,839
  • Nov 6, 2014 10:23am Nov 6, 2014 10:23am
Come on GU you can do it
Peace & Pips
  • #404,840
  • Nov 6, 2014 10:40am Nov 6, 2014 10:40am
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