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Cable Update (GBPUSD)

  • #405,361
  • Nov 18, 2014 3:53pm Nov 18, 2014 3:53pm
Gidday GBP

What happened to the bounce

somebody needs to trip on the spike button

Thought the bean counters would be looking at the amount off

shorts in the system,then Boom
  • #405,362
  • Nov 18, 2014 6:07pm Nov 18, 2014 6:07pm
So I'm looking to trade the pink line here. (Long 1.558, SL 1.5565, TP 1.5915)

Thoughts?
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  • #405,363
  • Nov 18, 2014 7:08pm Nov 18, 2014 7:08pm
5385 coming our way I think
Come with me if you want to live....
  • #405,364
  • Nov 18, 2014 9:35pm Nov 18, 2014 9:35pm
Quoting Ill-b-back
5385 coming our way I think
Agreed
  • #405,365
  • Nov 18, 2014 10:25pm Nov 18, 2014 10:25pm
Quoting Ill-b-back
5385 coming our way I think
looking like it. Just BOE has to shut their mouth and do exactly nothing to get a cheaper currency. Very simple
  • #405,366
  • Edited Nov 19, 2014 12:34am Nov 18, 2014 11:57pm | Edited Nov 19, 2014 12:34am
Today should be decision making for direct crush a little towards 5150 to 5050 before any correction or little correction towards 5788 , 5833,5874 or 5994 before the next train down with some time pass around .
lets see todays action before the trade start again.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #405,367
  • Nov 19, 2014 1:27am Nov 19, 2014 1:27am
same old sell-off again?
  • #405,368
  • Edited 2:46am Nov 19, 2014 1:34am | Edited 2:46am
Can't do trade before all the indicators shows the Sell signal..
I know the bearish trend is still continue, but, if we see weekly chart, there's still no correction after all..
And also..
Phibonacci support on 1.5592 still not breached..
Once there's the correction , i will start short on 1.5750 ..
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GTS V8 Return This Month: 2.8%
  • #405,369
  • Nov 19, 2014 2:01am Nov 19, 2014 2:01am
Quoting rizkinovri
Can't do trade before all the indicators shows the Sell signal.. I know the bearish trend is still continue, but, if we see weekly chart, there's still no correction after all.. And also.. Phibonacci support on 1.5592 still not breached.. Once there's the correction , i will start short on 1.5750 ..
Sounds like a (good) plan. Right now, market just seems to be too scrappy.
  • #405,370
  • Nov 19, 2014 2:11am Nov 19, 2014 2:11am
Quoting DailyChart
keep holding short
keep holding
  • #405,371
  • Nov 19, 2014 2:15am Nov 19, 2014 2:15am
Quoting Didgeridoo
{quote} Sounds like a (good) plan. Right now, market just seems to be too scrappy.
there still substantial margin downside to be filled
  • #405,372
  • Nov 19, 2014 2:17am Nov 19, 2014 2:17am
Quoting Greener
{quote} there still substantial margin downside to be filled
Too close to support though (?)

That is, if one is seeking to enter. Holding short definitely makes sense, but entering here...
  • #405,373
  • Nov 19, 2014 2:20am Nov 19, 2014 2:20am
Quoting Didgeridoo
{quote} Too close to support though (?)
don't see any strong support....until 16100 it remains very bearish
  • #405,374
  • Nov 19, 2014 2:48am Nov 19, 2014 2:48am
Quoting Greener
{quote} don't see any strong support....until 16100 it remains very bearish
1.56 IMO. This market is extremely slow, and entry points I would act on not that frequent. Monday was the day to enter IMO.

But, of course, bearish - longing is not the go until reversal (which I see as happening within 5 - 10 months).


PS Unless BOE does something drastic, or unexpected data (positive data providing a better short entry point IMO)
  • #405,375
  • Nov 19, 2014 2:55am Nov 19, 2014 2:55am
Quoting Didgeridoo
{quote} 1.56 IMO. This market is extremely slow, and entry points I would act on not that frequent. Monday was the day to enter IMO. But, of course, bearish - longing is not the go until reversal (which I see as happening within 5 - 10 months).
156 is a fake one. It was broken a number of times already...I expect 15475 this week....a strong dollar for Christmas should not be surprising....this is probably going sub 1.5
  • #405,376
  • Nov 19, 2014 3:06am Nov 19, 2014 3:06am
Quoting rizkinovri
Can't do trade before all the indicators shows the Sell signal.. I know the bearish trend is still continue, but, if we see weekly chart, there's still no correction after all.. And also.. Phibonacci support on 1.5592 still not breached.. Once there's the correction , i will start short on 1.5750 .. {image} {image}
If you see MN1, a big correction will not be at this point...And others currencies have last word in gbp direction. And stoch indicators are very trick when they are exausted.
Try don't lose pants never...
  • #405,377
  • Nov 19, 2014 3:12am Nov 19, 2014 3:12am
Quoting Greener
{quote} 156 is a fake one. It was broken a number of times already...I expect 15475 this week....a strong dollar for Christmas should not be surprising....this is probably going sub 1.5
Good analysis. BTW: AUD/USD seems to be moving more today - take a look at GBP/AUD today - wow.
  • #405,378
  • Nov 19, 2014 3:44am Nov 19, 2014 3:44am
Double Bottom!!!Would rally?
  • #405,379
  • Nov 19, 2014 3:47am Nov 19, 2014 3:47am
Quoting Dr.Zain
Double Bottom!!!Would rally?
very good double bottom , buy limit
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  • #405,380
  • Nov 19, 2014 3:47am Nov 19, 2014 3:47am
Quoting Greener
{quote} 156 is a fake one. It was broken a number of times already...I expect 15475 this week....a strong dollar for Christmas should not be surprising....this is probably going sub 1.5

its generally the pound which is strong, come Christmas?
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