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Cable Update (GBPUSD)

  • #409,901
  • Feb 23, 2015 10:36am Feb 23, 2015 10:36am
Quoting cspip
{quote} I was wasn't confused.........been saying it will go up for the last 2 hours......
Yes, and do you think it's going to keep going higher and the downtrend is over? That would be more my point than anything else, but as traders can of course take the profit and move on. This type of move gets people thinking, "oh maybe GBP downtrend is over and it will go much higher" , which can be the case, but is highly unlikely
  • #409,902
  • Feb 23, 2015 10:38am Feb 23, 2015 10:38am
Quoting Ck87
{quote} Yes, and do you think it's going to keep going higher and the downtrend is over?
Could bounce for more.............may bounce from down 1.5416 for..........(1.5444 first....)

Quoting cspip
EURGBP down to 0.7321 ish.............and GU can still go to 1.5464.......then its either 1.5606 or 1.5183.......
  • #409,903
  • Feb 23, 2015 10:41am Feb 23, 2015 10:41am
Quoting Spudforex
{quote} u doing a fibs there on that price E..
you got it baby,,like 5509 too see on any run up, gl,, holding ones balls here lol great run thou, think if it breaks the high it might jump that extra ,,gl
  • #409,904
  • Feb 23, 2015 10:48am Feb 23, 2015 10:48am
nice H4 bars ! why you going up cable retracements , do you give a f*ck ?
  • #409,905
  • Feb 23, 2015 10:48am Feb 23, 2015 10:48am
Quoting elbert3
{quote} you got it baby,,like 5509 too see on any run up, gl,, holding ones balls here lol great run thou, think if it breaks the high it might jump that extra ,,gl
Personally without forecasting .. well i feel there's some more room at the top .. could be a play over till manana..
but as one says famous last words hey .. hey captain mind that iceberg.. reply
u shitting me icebergs round here lol ..
  • #409,906
  • Feb 23, 2015 10:50am Feb 23, 2015 10:50am
This month just GBPUSD shorts got f*cked me , otherwise I did very well
  • #409,907
  • Feb 23, 2015 10:56am Feb 23, 2015 10:56am
Quoting edyraper
This month just GBPUSD shorts got f*cked me , otherwise I did very well
http://i.hizliresim.com/EVPlkz.jpg
  • #409,908
  • Feb 23, 2015 10:57am Feb 23, 2015 10:57am
are we going to a have a stoc divergence in H4?
  • #409,909
  • Feb 23, 2015 11:12am Feb 23, 2015 11:12am
stabilizing it is a good idea so it can bear the shock when yellen yells....
  • #409,910
  • Feb 23, 2015 11:24am Feb 23, 2015 11:24am
Quoting ez0770
A sustained break above 1.5270 area could be meaningful as it would be the first time cable challenges the bear trend on the daily in months. If we break above, technically we should be looking at 1.5500 area next....
Cable well bid today despite the lack of a clear catalyst. Greece and Yellen's testimony this week will be key. In particular, if Yellen confirms that the Fed is indeed moving towards a more dovish stance, as indicated in the last FOMC minutes, then the rally could easily extend more, with a break above 1.55/1.56 targeting 1.58 in the near term. To put things in perspective, we've only retraced 23% of the down move from the 1.72 area in July so there is definitely more room to the upside....
  • #409,911
  • Feb 23, 2015 11:41am Feb 23, 2015 11:41am
330 is like a jumping castle for sterling...
  • #409,912
  • Feb 23, 2015 11:57am Feb 23, 2015 11:57am
Quoting jasakreatif
{quote} need more force to breakout up , but look no force to breakout down imo imo {image}
closed , its the same as yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM3024feb.png Size: 60 KB
  • #409,913
  • Feb 23, 2015 12:13pm Feb 23, 2015 12:13pm
testing back 1.5416 soon
  • #409,914
  • Feb 23, 2015 1:44pm Feb 23, 2015 1:44pm
maybe double top?
  • #409,915
  • Feb 23, 2015 2:04pm Feb 23, 2015 2:04pm
Quoting kk300
330 is like a jumping castle for sterling...
what is your opinion at the moment?
  • #409,916
  • Feb 23, 2015 3:25pm Feb 23, 2015 3:25pm
Quoting Ck87
Looks like a bearish rally to me, could certainly go on though, no SL, not worried, trend still down. {image}
I think it's a good entry
we got a descent weekly bunch above us as resistance and last week showed hesitation.

We still got a bit more up to go though I think but not before profit taking opportunities.

Something like this anyway.
Fingers crossed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 29 KB
Click to Enlarge Name: GBPUSDH1.png Size: 29 KB
Click to Enlarge Name: GBPUSDH12.png Size: 23 KB
Come with me if you want to live....
  • #409,917
  • Feb 23, 2015 3:34pm Feb 23, 2015 3:34pm
GBP looking bearish against everything. I think GBPUSD bears will be looking good if we sit tight.

These types of moves seen today are always a problem for me. They reverse off a not-so-important spot and seem unnecessary. Plus, they could turn at any level and sometimes travel just beyond the previous high/low (1.5480 in this trade) before reversing. The pattern leading into them always contains a clue that it could happen, but nothing that screams that it WILL happen. It can just as easily keep going and everything would look fine.

It all goes back to the market always making things difficult. If it goes one way too easily, it almost always comes back to take everyone's money.

Here's the clue (chart).
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 68 KB
  • #409,918
  • Feb 23, 2015 4:02pm Feb 23, 2015 4:02pm
Quoting danndc
{quote} what is your opinion at the moment?
i think, if it really wants to go up then previous 4H candle was best time for bulls to take over but there is some reason for not breaking the previous high.. i means standing at this scenario, one would think previous trend has come to an end but the thing is trend is always your friend. it looks like its over but its what they are good at to catch some liquidity.
i am still with the bears.
  • #409,919
  • Feb 23, 2015 4:07pm Feb 23, 2015 4:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 66 KB
is it double top or just not hit the line ???
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 69 KB
  • #409,920
  • Feb 23, 2015 4:10pm Feb 23, 2015 4:10pm
Quoting Ill-b-back
{quote} I think it's a good entry we got a descent weekly bunch above us as resistance and last week showed hesitation. We still got a bit more up to go though I think but not before profit taking opportunities. Something like this anyway. Fingers crossed {image} {image} {image}
look at breaking over the ema in blue,, night guys weekly is going to the 20 ema
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