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Cable Update (GBPUSD)

  • #410,161
  • Feb 25, 2015 3:14am Feb 25, 2015 3:14am
Sell @1.5518 @1.5473
  • #410,162
  • Feb 25, 2015 3:17am Feb 25, 2015 3:17am
Going straight to 1.58. It's cable, can do whatever it likes
  • #410,163
  • Feb 25, 2015 3:21am Feb 25, 2015 3:21am
Quoting Spudforex
just jumped over on the 161 fibs when price hits 155 then sell lol .. thank god i am filming next week lol
wait for the bigger resistance area 5540/60 if any
  • #410,164
  • Feb 25, 2015 3:25am Feb 25, 2015 3:25am
Quoting sgkrishn
Buying....Buying.....Buying....Buying haha where to sell it
so, now you earn profits in the area and looking for short to pull back or taking longo ???
Attached Image (click to enlarge)
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  • #410,165
  • Feb 25, 2015 3:27am Feb 25, 2015 3:27am
GBP/USD rises above 1.55 mark

The GBP/USD pair trades higher by 0.38% at fresh eight week highs of 1.5514 levels, moving away from day’s lows previously posted at 1.5453 levels. The pound firmed against the US dollar as the USD bulls seems to have taken a back seat after Yellen’s testimony. Moreover, markets are investors are turning their attention towards the BOE officials who are expected to deliver speeches later in the day, which may provide fresh insights on the future course of BOE’s monetary policy stance.

The BOE Governor Mark Carney, Deputy Governor Ben Broadbent and Chief Economist Andy Haldane are set to speak at the OneBank Research Agenda launch in London.

Meanwhile, in absence of significant data from the UK today, traders will focus on US economic releases due later today for further moves on the pair.

GBP/USD Levels to consider

The pair has an immediate resistance at 1.5550 above which gains could be extended to 1.5580 levels. On the flip side, support is seen at 1.5453 below which it could extend losses to 1.5418 (10-DMA) levels.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,166
  • Feb 25, 2015 3:28am Feb 25, 2015 3:28am
Attached Image (click to enlarge)
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5538 pull back buy the dip
  • #410,167
  • Feb 25, 2015 3:30am Feb 25, 2015 3:30am
Quoting Dano12
{quote} so, now you earn profits in the area and looking for short to pull back or taking longo ??? {image}
Already i holding my sells along with buy that bought yesterdays low and average of todays open i need close the buy. such a guess its really a fake move upside.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,168
  • Feb 25, 2015 3:32am Feb 25, 2015 3:32am
5514 could bounce 5500 and 5450 sell small buy the dip big
  • #410,169
  • Feb 25, 2015 3:35am Feb 25, 2015 3:35am
Quoting Idkurv
seek to short for scalp will look at PA at 1.5525sh
nice
tp 1.548
will see.
  • #410,170
  • Feb 25, 2015 3:39am Feb 25, 2015 3:39am
SPUD SELL second SELL confirmed .. now this is gonna be a fcuk of a ride if ever ..
  • #410,171
  • Feb 25, 2015 3:39am Feb 25, 2015 3:39am
I am holding sell position since 1.5346 I don't know what I was thinking about.

Do you suggest to close it or do you think it will pull back. I can't believe myself any more with this operation
  • #410,172
  • Feb 25, 2015 3:44am Feb 25, 2015 3:44am
Quoting Spudforex
SPUD SELL second SELL confirmed .. now this is gonna be a fcuk of a ride if ever ..
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,173
  • Feb 25, 2015 3:46am Feb 25, 2015 3:46am
Quoting Spudforex
SPUD SELL second SELL confirmed .. now this is gonna be a fcuk of a ride if ever ..
5514 first
Attached Image (click to enlarge)
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gl looks to be the right resistance to of come off ,, but who knows watch the 5 min any change back long, as we are counter at this time i would say 5514,,
  • #410,174
  • Feb 25, 2015 3:48am Feb 25, 2015 3:48am
Quoting Spudforex
SPUD SELL second SELL confirmed .. now this is gonna be a fcuk of a ride if ever ..
if he says lower the rate stick your house in it to the bottom ..lol better buy my Turkish lira now for the hols ,, well were in the money spud ,, lock on asap in case spike out ,,gl
  • #410,175
  • Feb 25, 2015 3:50am Feb 25, 2015 3:50am
Six weeks of correction looks done and resuming downwards for the coming weeks.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #410,176
  • Feb 25, 2015 3:53am Feb 25, 2015 3:53am
Attached Image (click to enlarge)
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fake out price here 61% 5488 would be good
  • #410,177
  • Feb 25, 2015 3:55am Feb 25, 2015 3:55am
Quoting elbert3
{quote} if he says lower the rate stick your house in it to the bottom ..lol better buy my Turkish lira now for the hols ,, well were in the money spud ,, lock on asap in case spike out ,,gl
Likewise E ..
Be lucky Hombre ..
and hang onto that hat lol ..
  • #410,178
  • Feb 25, 2015 3:57am Feb 25, 2015 3:57am
Quoting Spudforex
{quote} Likewise E .. Be lucky Hombre .. and hang onto that hat lol ..
watch it here now
  • #410,179
  • Feb 25, 2015 4:02am Feb 25, 2015 4:02am
Quoting elbert3
{image} fake out price here 61% 5488 would be good
Attached Image (click to enlarge)
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you see they can mess with it ,, right on the line
  • #410,180
  • Feb 25, 2015 4:10am Feb 25, 2015 4:10am
see all talk and no action thats what it does when u have an american running ur english bank no offence to fellow usa'ers of course but u know what i mean comrades
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