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Cable Update (GBPUSD)

  • #405,761
  • Dec 4, 2014 11:24pm Dec 4, 2014 11:24pm
USD Index.

speedy123
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  • #405,762
  • Dec 5, 2014 12:11am Dec 5, 2014 12:11am
As much as I want to throw a short in @ 1.5642 gonna hold off till NFP. Although I see down from here.
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  • #405,763
  • Edited 12:24am Dec 5, 2014 12:14am | Edited 12:24am
gu on demand zone, no any news until nfp. long @5635
expecting nfp to be red as adp survey on wednesday. perhaps touch resistance of 5720 to reload more shorts as eu will rebound and followed by gu
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  • #405,764
  • Dec 5, 2014 1:11am Dec 5, 2014 1:11am
yesterday, I thought it was going up for the gartley finish, but this morning it looks like going down for the butterfly...

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monthly view also supports the butterfly pattern for the middle trend line to be tested, I guess. time will show...

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  • #405,765
  • Dec 5, 2014 1:24am Dec 5, 2014 1:24am
Cable moving down a reasonable amount in Asia trading today but in a low volume/thin liquidity environment so it could very easily retrace to the 50-60 area or higher while we wait for NFP. Probably good limit buy orders in the 1.5580/1.5600 area and I would imagine decent size stops building below that. Unlikely though that those stops will get executed before US data comes out. Upside also should be limited to a partial retrace of the move down ahead of the figures this afternoon, granted of course that we do not get any surprise announcement ahead of NFP. Good luck
  • #405,766
  • Dec 5, 2014 2:36am Dec 5, 2014 2:36am
game from support to resistance and the resistance to support
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  • #405,767
  • Dec 5, 2014 2:40am Dec 5, 2014 2:40am
Quoting GlobalMacro
{quote} 1 short , 1 scratch , 2 longs .
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morning do you think pincher on this 1 hour ,close to support lines, i think 5666 load up for me that will break over the blue line ??????????????? edit, just took the bottom line touch sl on the bottom 20 pip risk 5640
  • #405,768
  • Dec 5, 2014 2:46am Dec 5, 2014 2:46am
Quoting Dano12
game from support to resistance and the resistance to support {image}
hi dano 2 things i i have been meaning to ask,,,is that you in the picture lol ,,2 what do you think about my last post are you seeing the same..? regards E
  • #405,769
  • Dec 5, 2014 3:25am Dec 5, 2014 3:25am
Quoting elbert3
{quote} {image} morning do you think pincher on this 1 hour ,close to support lines, i think 5666 load up for me that will break over the blue line ??????????????? edit, just took the bottom line touch sl on the bottom 20 pip risk 5640
Morning Billy , could be. Choppy though right now ... G/L
Hear the music before the song is over ...
  • #405,770
  • Dec 5, 2014 7:19am Dec 5, 2014 7:19am
think im seeing buyers preposition
  • #405,771
  • Dec 5, 2014 7:51am Dec 5, 2014 7:51am
Quoting society
think im seeing buyers preposition

this thing is completely playing with ever1..upp and down to a point where im dizzy
  • #405,772
  • Dec 5, 2014 7:54am Dec 5, 2014 7:54am
Quoting GlobalMacro
{quote} Morning Billy , could be. Choppy though right now ... G/L
thats the word i had 2 and pp at a nice number 56789,, plus 71 and just bought it again on the low of today i had a buy there and sell 5735 ,so ;ets see if they still want to take gb up,, i think if it goes up the day low might be bottom stick with the numbers sl 56234,, 57654 target ,, lol
  • #405,773
  • Dec 5, 2014 8:10am Dec 5, 2014 8:10am
might have to wait for new quarter to get some movement north... who knows....
  • #405,774
  • Dec 5, 2014 8:37am Dec 5, 2014 8:37am
Quoting society
might have to wait for new quarter to get some movement north... who knows....
thats what im thinking..u think 1.60 will be seen again?
  • #405,775
  • Dec 5, 2014 9:01am Dec 5, 2014 9:01am
Quoting nAVIN2007
{quote} thats what im thinking..u think 1.60 will be seen again?
1.60 ? not yet. The downtrend continue, definitly, we are retesting for the 4th time the 1.56, but I think we are breaking it. I would love to see a bounce confirming the break like the one we had on monday.

Monday could be the day wich confirm this new break again...
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  • #405,776
  • Edited 1:20pm Dec 5, 2014 9:09am | Edited 1:20pm
Quoting society
think im seeing buyers preposition
unless this can lower (fairly much) from here , this downtrend is diminishing. (observing daily)
  • #405,777
  • Dec 5, 2014 9:14am Dec 5, 2014 9:14am
Quoting thegmann
As much as I want to throw a short in @ 1.5642 gonna hold off till NFP. Although I see down from here. {image}
too much of a pussy to take it on my live account but took it on the demo ah well. If only I wasn't trading my own money hahaha.
  • #405,778
  • Dec 5, 2014 9:31am Dec 5, 2014 9:31am
Bottom picker's special, probably not the brightest idea in the world, whatevs.

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Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #405,779
  • Dec 5, 2014 9:33am Dec 5, 2014 9:33am
Granted some probably see a head and shoulders with a target way down there on a break down.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #405,780
  • Dec 5, 2014 9:47am Dec 5, 2014 9:47am
Quoting whatever007
Granted some probably see a head and shoulders with a target way down there on a break down.
Ądoes anybody has got a gap at NFP news??? 13 pips
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