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Cable Update (GBPUSD)

  • #406,301
  • Jan 6, 2015 9:11am Jan 6, 2015 9:11am
Quoting Hickson
{quote} Some buyers at 1.5170 Could be just algos scalping though LOL
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you have to go with that little doji even to get 20 pips then try to lock in something
  • #406,302
  • Jan 6, 2015 9:12am Jan 6, 2015 9:12am
Quoting elbert3
{quote} {image} would want to see a nice rejection around here or it will fall though
Yes, it is not much time for Cable and Euro to recover ... I do not want us to become poorer and US richer and richer LOL ... but tech wise some bull has to jump in or it is too late on higher TFs. Betty Grable monthly is really astonishing after last years hype ... remember this thing flying towards 1.70
Fix up, trade sharp ...
  • #406,303
  • Jan 6, 2015 9:15am Jan 6, 2015 9:15am
Quoting elbert3
{quote} {image} you have to go with that little doji even to get 20 pips then try to lock in something
Too late ... did not take the signal, thinking about only trading into direction of the trend, therefore only sells? All has its pros and cons lol ... buying is looking good though.
Fix up, trade sharp ...
  • #406,304
  • Jan 6, 2015 9:20am Jan 6, 2015 9:20am
Quoting Hickson
{quote} Yes, it is not much time for Cable and Euro to recover ... I do not want us to become poorer and US richer and richer LOL ... but tech wise some bull has to jump in or it is too late on higher TFs. Betty Grable monthly is really astonishing after last years hype ... remember this thing flying towards 1.70
yes but it needs to pick up pace to have any longer impact before the day is over 5200 would be a result ,but could get eaten up here over commission now so free trade on this one i think i will be in and out of trades here for a bit ,,come on gb move your ass ..lol good luck hick,,
  • #406,305
  • Jan 6, 2015 9:26am Jan 6, 2015 9:26am
For me no signal confirmed yet just play time
wonder how many traders are jumping in on the news in these past few moments
  • #406,306
  • Jan 6, 2015 9:38am Jan 6, 2015 9:38am
Quoting Spudforex
For me no signal confirmed yet just play time wonder how many traders are jumping in on the news in these past few moments But i thought it was .....
no big move ??? might get a little afterburn lol,,, delayed reaction ,, and a touch of hope thrown in,, just keep going up thats all i want ,,,not toooooo much to ask for would one say lol let me know if and when you get your signal,,be interesting,,regards
  • #406,307
  • Jan 6, 2015 9:38am Jan 6, 2015 9:38am
Quoting elbert3
{quote} yes but it needs to pick up pace to have any longer impact before the day is over 5200 would be a result ,but could get eaten up here over commission now so free trade on this one i think i will be in and out of trades here for a bit ,,come on gb move your ass ..lol good luck hick,,
Right, thanks, I can need it, same to you. Sometimes I think luck decides more in trading than most would admit. I took 10 pips here to get BE today, does not make much sense, I know. Just need a break. Laters
Fix up, trade sharp ...
  • #406,308
  • Jan 6, 2015 9:39am Jan 6, 2015 9:39am
Quoting elbert3
{quote} no big move ??? might get a little afterburn lol,,, delayed reaction ,, and a touch of hope thrown in,, just keep going up thats all i want ,,,not toooooo much to ask for would one say lol let me know if and when you get your signal,,be interesting,,regards
Elbert yes definately will let u know ..
  • #406,309
  • Jan 6, 2015 9:40am Jan 6, 2015 9:40am
Quoting Spudforex
{quote} Personally for me not yet but i am carrying two buys as i can do this .. Which time frame are u working too Which one works the best for you
h4
  • #406,310
  • Jan 6, 2015 9:45am Jan 6, 2015 9:45am
Quoting verv
{quote} Why? Go with the move lower! i think the Europeans and Americans will want to fill orders higher but I think we are set for lower still.... Much lower in fact. Currently short from 1.554 and 1.55
I didn't long yet, will wait for the right time. I closed my shorts around 1.55-54.
Money never sleeps I can hear the dollar calling me
  • #406,311
  • Jan 6, 2015 5:06pm Jan 6, 2015 5:06pm
Betty got hammered once again ... pretty strange pre FOMC ...
Fix up, trade sharp ...
  • #406,312
  • Jan 6, 2015 7:22pm Jan 6, 2015 7:22pm
Maybe they wait for FOMC Meeting Minutes. Then we can see the direction. Down to 1.5122 or 1.4886 or up up run away.
  • #406,313
  • Jan 6, 2015 9:21pm Jan 6, 2015 9:21pm
Hey guys. Back to business. GBP/USD‬ has the honor to be the first pair traded in 2015. Placed a pending buy @ 1,5099 with a SL @ 1,5059. Now patience is all we need.

Happy NY! Wish you all the best of luck in 2015!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #406,314
  • Jan 6, 2015 11:38pm Jan 6, 2015 11:38pm
Price action in cable so far looks like a repeat of the start of the week on Monday, albeit on a smaller scale: stop run at the start of the Asian session followed by a quick retrace and consolidation. On monday the break level/previous day low was retested as London came in and then the pair drop another 100+ points, marking one of the worst 3-4 days drop in recent history. I doubt that we'll see that much selling pressure again this morning ahead of US employment figures and FOMC minutes tonight, but as usual anything is possible, especially in such a strong trend. If you look at the recent data coming out of the US, most of it has been relatively negative, yet the USD keeps getting bought, good news or bad news the market does not seem to care at the moment. How long is that going to last? Hard to say. Perhaps a weak NFP might do the trick in terms of pausing the USD bulls, but it should be a reasonably disppointing figure to accomplish this.

Fundamentally cable remains relatively oversold imo and overdue for a correction, but until the dollar bulls step on the brake any attempt to rally will probably keep getting sold. Technically there should be some support at the round figures 1.51 and 1.50 below but keep in mind that we've seen the pair slash through important support levels repeatedely over the last 6 months. Above I see resistance at 1.5280 and 1.5320 area with stops above. If, FED and economic data permitting, we manage to get back up there and stops are triggered, we could rally very quickly to 1.54 and then 1.55 area where, bar a radical fundamental shift, I would expect resistance and a bounce to the downside. Good luck!
  • #406,315
  • Jan 7, 2015 1:19am Jan 7, 2015 1:19am
Quoting Mr.C
Hey guys. Back to business. GBP/USD‬ has the honor to be the first pair traded in 2015. Placed a pending buy @ 1,5099 with a SL @ 1,5059. Now patience is all we need. Happy NY! Wish you all the best of luck in 2015!
hello bro, i think your pending buy is on now and running profit,,,where are your take profit level?
now i am buy GBP/USD @ 1.5139 level,,wish me luck hehe
  • #406,316
  • Jan 7, 2015 2:18am Jan 7, 2015 2:18am
Quoting ez0770
Price action in cable so far looks like a repeat of the start of the week on Monday, albeit on a smaller scale: stop run at the start of the Asian session followed by a quick retrace and consolidation. On monday the break level/previous day low was retested as London came in and then the pair drop another 100+ points, marking one of the worst 3-4 days drop in recent history. I doubt that we'll see that much selling pressure again this morning ahead of US employment figures and FOMC minutes tonight, but as usual anything is possible, especially in...
Likewise
BUY - pending
Arrival - Buy Zone yes
  • #406,317
  • Jan 7, 2015 2:33am Jan 7, 2015 2:33am
Quoting bimarpradana
{quote} hello bro, i think your pending buy is on now and running profit,,,where are your take profit level? now i am buy GBP/USD @ 1.5139 level,,wish me luck hehe
He posted that 5 hours ago, so I don't see price going there since then, could be wrong

Good luck with your counter trend trade

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It takes a lot for me to IGNORE you, but you can try.
  • #406,318
  • Jan 7, 2015 2:40am Jan 7, 2015 2:40am
Quoting Erebus
{quote} He posted that 5 hours ago, so I don't see price going there since then, could be wrong Good luck with your counter trend trade {image}
oh im sorry,,,hehe,,thank you bro,,,closed +10 pips already,,,wait and see again to find a right moment for buy GBP/USD
  • #406,319
  • Jan 7, 2015 2:47am Jan 7, 2015 2:47am
Quoting Spudforex
{quote} Likewise BUY - pending Arrival - Buy Zone yes
morning stopped out yesterday while picking the wife up, commission paid plus 1 enormous pip profit lol i have a buy order 5157 and i am short sl is there too targeting somewhere below on the chart ,,just my luck to go short and the thing jumps up .lol
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  • #406,320
  • Jan 7, 2015 2:57am Jan 7, 2015 2:57am
Quoting elbert3
{quote} morning stopped out yesterday while picking the wife up, commission paid plus 1 enormous pip profit lol i have a buy order 5157 and i am short sl is there too targeting somewhere below on the chart ,,just my luck to go short and the thing jumps up .lol {image}{image}
Morning Elbert still taking tea with crumpet over there -
Looking for a confirmation end of the day
Could be during some peak moments.

Ever hunt Bear ..
they do climb trees u know .

And they know where u are
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