Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #405,081
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Nov 12, 2014 1:45pm Nov 12, 2014 1:45pm

jcb94
| Joined Nov 2014 | Status: Currently trading $DAX | 126 Posts

Quoting joe123

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{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}

Ignored

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!

Post #405,082
Quote
Nov 12, 2014 2:17pm Nov 12, 2014 2:17pm

Neeraj_Raj
| Joined Feb 2014 | Status: I think, therefore I am. | 184 Posts

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.

Post #405,083
Quote
Nov 12, 2014 2:38pm Nov 12, 2014 2:38pm

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting GlobalMacro

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{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.

Ignored

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 ...

Post #405,084
Quote
Edited 3:51pm Nov 12, 2014 2:53pm | Edited 3:51pm

nigwe
| Joined Apr 2013 | Status: Member | 5 Posts

Quoting GlobalMacro

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{quote} Powerful indeed those Weeklies. We're on course -- as I mentioned last week , 1.5760 is just a matter of time.

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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.

Post #405,085
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Nov 12, 2014 3:18pm Nov 12, 2014 3:18pm

musani
| Joined Jun 2008 | Status: GELORE | 600 Posts

Quoting GlobalMacro

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{quote} Powerful indeed those Weeklies. We're on course -- as I mentioned last week , 1.5760 is just a matter of time.

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Welldone GM

GELORE

Post #405,086
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Nov 12, 2014 3:59pm Nov 12, 2014 3:59pm

shivam332
| Commercial Member | Joined Jul 2013 | 441 Posts

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

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Money never sleeps I can hear the dollar calling me

Post #405,087
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Nov 12, 2014 5:16pm Nov 12, 2014 5:16pm

GlobalMacro
Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts

Quoting nigwe

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{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.

Ignored

Quoting musani

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{quote} Welldone GM

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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 ...

Post #405,088
Quote
Nov 13, 2014 12:07am Nov 13, 2014 12:07am

sam69
Joined Aug 2009 | Status: Just trade it! | 1,230 Posts

Quoting GlobalMacro

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{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}

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1.5733

Money is made by sitting, not trading. Jesse L. Livermore

Post #405,089
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Nov 13, 2014 12:27am Nov 13, 2014 12:27am

eliteincome
Joined Aug 2011 | Status: Member | 2,640 Posts

Gidday GBP

Waiting to see if we can get above

1.58

Post #405,090
Quote
Nov 13, 2014 12:36am Nov 13, 2014 12:36am

H4-forex
| Additional Username | Joined Sep 2014 | 108 Posts

Quoting H4-forex

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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}

Ignored

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....

Post #405,091
Quote
Nov 13, 2014 1:49am Nov 13, 2014 1:49am

HareshBM
| Joined Feb 2014 | Status: Member | 421 Posts

GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.

Post #405,092
Quote
Nov 13, 2014 2:33am Nov 13, 2014 2:33am

Greener
| Joined Jan 2010 | Status: Member | 1,638 Posts

Quoting HareshBM

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GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.

Ignored

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

Post #405,093
Quote
Nov 13, 2014 3:17am Nov 13, 2014 3:17am

Dr.Blue
| Joined Jul 2014 | Status: Member | 146 Posts

Quoting HareshBM

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GBPUSD short-term oversold conditions, could possibly see a potential bounce-back to 1.5810-20 level.

Ignored

Could we possibly see a retracement of yesterdays fall to the 61.8 fib area @ 1.58280?

Post #405,094
Quote
Nov 13, 2014 3:35am Nov 13, 2014 3:35am

andoseg2
Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,146 Posts

Looking for short :

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Money moves the market, not an indicator.

Post #405,095
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Nov 13, 2014 4:52am Nov 13, 2014 4:52am

Greener
| Joined Jan 2010 | Status: Member | 1,638 Posts

Quoting andoseg2

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Looking for short : {image}

Ignored

could not be shorter...

Post #405,096
Quote
Nov 13, 2014 5:32am Nov 13, 2014 5:32am

Kajos2250
Joined Mar 2012 | Status: Member | 966 Posts

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...

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Anything is math!

Post #405,097
Quote
Nov 13, 2014 6:21am Nov 13, 2014 6:21am

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Quoting ill_be_back

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{quote} Whats your TP on GCAD

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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

Post #405,098
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Nov 13, 2014 6:24am Nov 13, 2014 6:24am

ill_be_back
Joined Sep 2011 | Status: Member | 6,363 Posts

Quoting Mr.C

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{quote} Hi there. Sorry for my late reply buddy, was away from my screens for a while. Still interested in the GCAD zones?

Ignored

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

Post #405,099
Quote
Nov 13, 2014 6:24am Nov 13, 2014 6:24am

ez0770
| Joined Jan 2010 | Status: Member | 145 Posts

Quoting Dr.Blue

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{quote} Could we possibly see a retracement of yesterdays fall to the 61.8 fib area @ 1.58280?

Ignored

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....