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Cable Update (GBPUSD)

  • #405,081
  • Nov 12, 2014 12:45pm Nov 12, 2014 12:45pm
Quoting joe123
{quote} current demand has been consumed. lower demand is at 1.7660. we break lower then that and we head back down to 1.6380 for lots of shorting opportunity's......... {image}
There seems to be some support around 1.7830

Also, if it is to drop, do you see there being a rebound higher first, perhaps to 1.8050?
Volatility makes me feel alive!
  • #405,082
  • Nov 12, 2014 1:17pm Nov 12, 2014 1:17pm
lost 400 pips since the high on oct 28. Any idea where this is headed ???
Everything you want lies on the other side of fear.
  • #405,083
  • Nov 12, 2014 1:38pm Nov 12, 2014 1:38pm
Quoting GlobalMacro
{quote} Weekly delivered a bearish trend acceleration signal last week. And since i consider weekly signals more powerful -- especially in a trend -- I'd view Friday's positive PA in that context. Today's pin bar is a case in point to that effect. Weekly pressure can easily force the daily momentum to roll over as well.
Powerful indeed those Weeklies. We're on course -- as I mentioned last week , 1.5760 is just a matter of time.
Hear the music before the song is over ...
  • #405,084
  • Edited 2:51pm Nov 12, 2014 1:53pm | Edited 2:51pm
Quoting GlobalMacro
{quote} Powerful indeed those Weeklies. We're on course -- as I mentioned last week , 1.5760 is just a matter of time.
Global you are a great guy. I've followed your thread for a while and you always make sense. Good job!! Wish I could copy your trades or at least get some tips from you. I keep losing in the game.
  • #405,085
  • Nov 12, 2014 2:18pm Nov 12, 2014 2:18pm
Quoting GlobalMacro
{quote} Powerful indeed those Weeklies. We're on course -- as I mentioned last week , 1.5760 is just a matter of time.
Welldone GM
GELORE
  • #405,086
  • Nov 12, 2014 2:59pm Nov 12, 2014 2:59pm
GBPAUD: If support is broken then 1.7850 would be the first target IMO
I hope its ok to post about GA on this thread
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.jpg Size: 136 KB
Money never sleeps I can hear the dollar calling me
  • #405,087
  • Nov 12, 2014 4:16pm Nov 12, 2014 4:16pm
Quoting nigwe
{quote} Global you are a great guy. I've followed your thread for a while and you always make sense. Good job!! Wish I could copy your trades or at least get some tips from you. I keep losing in the game.

Quoting musani
{quote} Welldone GM

Thanks Guys This descending wedge on the Daily is something to keep an eye on as well. 1.5760 is almost there, 1.5735 next ...
Attached Image
Hear the music before the song is over ...
  • #405,088
  • Nov 12, 2014 11:07pm Nov 12, 2014 11:07pm
Quoting GlobalMacro
{quote} {quote} Thanks Guys This descending wedge on the Daily is something to keep an eye on as well. 1.5760 is almost there, 1.5735 next ... {image}
1.5733
Money is made by sitting, not trading. Jesse L. Livermore
  • #405,089
  • Nov 12, 2014 11:27pm Nov 12, 2014 11:27pm
Gidday GBP


Waiting to see if we can get above

1.58
  • #405,090
  • Nov 12, 2014 11:36pm Nov 12, 2014 11:36pm
Quoting H4-forex
abt 10 days ago i told you guys it's going to fall in bad way... but couple of my friends here was laughing at me... but im still in trade .. with smiley face {image}
last month when i posted this with my target 1.573xx , thn couple of my mates called me crazy ...lol
now we are abt to touch 1.5730x...
have a good day guys....
  • #405,091
  • Nov 13, 2014 12:49am Nov 13, 2014 12:49am
GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.
  • #405,092
  • Nov 13, 2014 1:33am Nov 13, 2014 1:33am
Quoting HareshBM
GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.
just think...oil is bottoming and US is selling it....what is UK going to do to help his long term partner? no to mention the lack of exports...which could mitigate such move...15200 end of January is quite possible...level to watch is 15666
  • #405,093
  • Nov 13, 2014 2:17am Nov 13, 2014 2:17am
Quoting HareshBM
GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.
Could we possibly see a retracement of yesterdays fall to the 61.8 fib area @ 1.58280?
  • #405,094
  • Nov 13, 2014 2:35am Nov 13, 2014 2:35am
Looking for short :

Attached Image (click to enlarge)
Click to Enlarge Name: g.png Size: 49 KB
Money moves the market, not an indicator.
  • #405,095
  • Nov 13, 2014 3:52am Nov 13, 2014 3:52am
Quoting andoseg2
Looking for short : {image}
could not be shorter...
  • #405,096
  • Nov 13, 2014 4:32am Nov 13, 2014 4:32am
GU H4 GMT+3

I feel it is time to risk some on the long side from ~5750 support by IB bars and for further strength buy stop .5783.
Invalidation if price could close under .5717...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 47 KB
Anything is math!
  • #405,097
  • Nov 13, 2014 5:21am Nov 13, 2014 5:21am
Quoting ill_be_back
{quote} Whats your TP on GCAD
Hi there. Sorry for my late reply buddy, was away from my screens for a while. Still interested in the GCAD zones?
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #405,098
  • Nov 13, 2014 5:24am Nov 13, 2014 5:24am
Quoting Mr.C
{quote} Hi there. Sorry for my late reply buddy, was away from my screens for a while. Still interested in the GCAD zones?
Done with GCAD, Now GA LONG 1.79847 SL 1,79775
A good trader follows his rules, but great trader knows when to break them
  • #405,099
  • Nov 13, 2014 5:24am Nov 13, 2014 5:24am
Quoting Dr.Blue
{quote} Could we possibly see a retracement of yesterdays fall to the 61.8 fib area @ 1.58280?
I think we need to break above 1.5790/1.5800 s/t resistance first and then we'll see 1.5830/40. The problem is in this low volatility environment where trends are overextended and half decent retracements are either non existent or can take hours/days to materialize, we might have to wait a while, perhaps til US figures come out later or longer

I agree with the previous poster, this is way oversold technically and fundamentally. The news yesterday, while maybe slightly disappointing if you expected an hawkish boe, were largely to be expected and nothing new imh, but the chart seems to be able to only point on one direction these days....
  • #405,100
  • Nov 13, 2014 5:46am Nov 13, 2014 5:46am
Hi Guys, back.
Intraday only.
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