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Cable Update (GBPUSD)

  • #405,321
  • Nov 17, 2014 7:13pm Nov 17, 2014 7:13pm
Quoting Spartanholds
{quote} would you care to elaborate???
if gu still breaklow there will be a major reversal, but if gu break yesterday high then there will be a reversal and continued the trend
  • #405,322
  • Nov 17, 2014 11:18pm Nov 17, 2014 11:18pm
GBP such a shit pair to trade.
All posts are my personal opinion
  • #405,323
  • Nov 17, 2014 11:41pm Nov 17, 2014 11:41pm
Quoting Rtm
GBP such a shit pair to trade.
Gidday RTM


Thought we would see a bounce

Been a one way trip so have

In a couple shorts 1.56 etc
  • #405,324
  • Nov 18, 2014 2:24am Nov 18, 2014 2:24am
L ong GC
Intraday only.
  • #405,325
  • Nov 18, 2014 3:11am Nov 18, 2014 3:11am
Quoting eliteincome
{quote} Gidday RTM Thought we would see a bounce Been a one way trip so have In a couple shorts 1.56 etc
Now we got some attention! Gidday sir, yes nicely done! What was this big move all of a sudden right before RBA Stevens?!!??! GBP dropping like a stone on nothing. DAMN
All posts are my personal opinion
  • #405,326
  • Nov 18, 2014 3:37am Nov 18, 2014 3:37am
Quoting navk
L ong GC
Closed ++
Intraday only.
  • #405,327
  • Nov 18, 2014 3:38am Nov 18, 2014 3:38am
Quoting navk
Long GA
Closed long ago ++
Intraday only.
  • #405,328
  • Nov 18, 2014 4:02am Nov 18, 2014 4:02am
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 70 KB
long time now in consolidation waiting big move maybe ???
  • #405,329
  • Nov 18, 2014 4:08am Nov 18, 2014 4:08am
Good day everyone. Added a GBP/USD short to my portfolio. Entry @ 1,5643, SL @ 1,5683.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #405,330
  • Nov 18, 2014 4:54am Nov 18, 2014 4:54am
I want to get in at 15700
  • #405,331
  • Nov 18, 2014 8:31am Nov 18, 2014 8:31am
GBPUSD just hit the bottom, looking for a change in trend in the next few days
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 11-18-14.png Size: 200 KB
"W. D. Gann said that time is the most important factor among all things."
  • #405,332
  • Nov 18, 2014 8:42am Nov 18, 2014 8:42am
Quoting Mr.C
Good day everyone. Added a GBP/USD short to my portfolio. Entry @ 1,5643, SL @ 1,5683.
Closed my today's cable sell for -13 pips & reversed to buy from 1,5653 with SL @ 1,5613.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #405,333
  • Nov 18, 2014 9:04am Nov 18, 2014 9:04am
Quoting Mr.C
{quote} Closed my today's cable sell for -13 pips & reversed to buy from 1,5653 with SL @ 1,5613.
still short
  • #405,334
  • Nov 18, 2014 9:07am Nov 18, 2014 9:07am
Say aye if you think GBP is pricing in the dovish monetary policy implications and negative growth forecast. Watch tomorrow will say something bearish and GBP will rally!
All posts are my personal opinion
  • #405,335
  • Nov 18, 2014 9:08am Nov 18, 2014 9:08am
Quoting USDollar
GBPUSD just hit the bottom, looking for a change in trend in the next few days {image}
How do you know that?
  • #405,336
  • Nov 18, 2014 9:14am Nov 18, 2014 9:14am
Quoting Greener
{quote} still short
Cat and mouse game with cable today. But I can see clear targets above @ ~1,5770 and even higher, that were missed by me when entered the previous time.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #405,337
  • Nov 18, 2014 9:17am Nov 18, 2014 9:17am
Quoting Rtm
Say aye if you think GBP is pricing in the dovish monetary policy implications and negative growth forecast. Watch tomorrow will say something bearish and GBP will rally!
still heavy and margin for further downside still there...add to that all the new longs and you know what is going to happen
  • #405,338
  • Nov 18, 2014 9:19am Nov 18, 2014 9:19am
Quoting Mr.C
{quote} ..buy from 1,5653 with SL @ 1,5613.
TP @ 1,5770. End of story for me today. Will join you guys tomorrow. Good luck!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #405,339
  • Nov 18, 2014 9:20am Nov 18, 2014 9:20am
there are going to be enough bids from hereon. so be careful while shorting. you can easily get trapped for 2-3 months. 1.58-1.60 is possible before next leg down.
  • #405,340
  • Nov 18, 2014 9:28am Nov 18, 2014 9:28am
1.5972 is the target which comes immediately assuming 1.5630 is the bottom. there are 2 things against further downtrend now.

1. GBP is actually quite heavy on shorts and the move has come quite sharply from 1.62 till here.
2. seasonality favours GBP buying
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