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Cable Update (GBPUSD)

  • #410,301
  • Feb 25, 2015 1:34pm Feb 25, 2015 1:34pm
still waiting for the larger Shorty on 15575 15600
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  • #410,302
  • Feb 25, 2015 1:37pm Feb 25, 2015 1:37pm
closing my buy positions here leaving sell opens objective 330
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,303
  • Feb 25, 2015 1:44pm Feb 25, 2015 1:44pm
it seems a strong fall will be happens soon.
Just my guess don't follow it
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,304
  • Feb 25, 2015 1:59pm Feb 25, 2015 1:59pm
Quoting sgkrishn
it seems a strong fall will be happens soon. Just my guess don't follow it {image}
Of course, you are on target. After all these days, PA has eventually hit the mid Bollinger Band on W1. A long fall is definite from here
  • #410,305
  • Feb 25, 2015 2:00pm Feb 25, 2015 2:00pm
Quoting sgkrishn
it seems a strong fall will be happens soon. Just my guess don't follow it {image}
Have a very tight SL.
  • #410,306
  • Feb 25, 2015 2:12pm Feb 25, 2015 2:12pm
Quoting Bydyke
{quote} Of course, you are on target. After all these days, PA has eventually hit the mid Bollinger Band on W1. A long fall is definite from here
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,307
  • Feb 25, 2015 2:13pm Feb 25, 2015 2:13pm
Quoting LouiseZA
{quote} Have a very tight SL.
sure buddy
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #410,308
  • Feb 25, 2015 2:51pm Feb 25, 2015 2:51pm
Got a feeling its going to do a cheeky touch right on the high again before coming down..........
  • #410,309
  • Feb 25, 2015 3:12pm Feb 25, 2015 3:12pm
Quoting Mr. Scott
{quote} Don't worry batman, she is doing what she should. Let's see how she fares here. http://www.forexfactory.com/showthre...85#post8085885
lol robin retest 55
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buy the dip regards B
  • #410,310
  • Feb 25, 2015 3:48pm Feb 25, 2015 3:48pm
Going to buy over there //green
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  • #410,311
  • Feb 25, 2015 4:14pm Feb 25, 2015 4:14pm
Quoting Kajos2250
{quote} GU H8 GMT+2 Last limit filled, price is expanding. IB break out tested, wake up bulls, wake up >5500 some position will be booked... Good luck! {image}
GU H8 GMT+2

Inside bars. Rally just begins!
Bullish marubozu on the daily.
Another buy limit .5484, some book later
Maybe, >5800. We will see soon...

Good luck!
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Anything is math!
  • #410,312
  • Feb 25, 2015 6:39pm Feb 25, 2015 6:39pm
Got out of my .5450 short position at BE, 'cuz it was dawdling there and driving me nuts ... .

Now watching for another short opp at a better price or for an obvious breakdown (not seeing it yet). I imagine there could be some exiting of positions late Friday to lock in profits for week/month-end (been quite a run-up), so there might be a dip ... . Who knows -- been baffling me all week long ... . I'm probably just impatient and/or slow to recognize the bigger picture ... . I hope the weekend will cure that ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #410,313
  • Feb 25, 2015 7:40pm Feb 25, 2015 7:40pm
Still hold my short since yesterday
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  • #410,314
  • Feb 25, 2015 7:54pm Feb 25, 2015 7:54pm
I'm short GBP and I'm confident it's going lower, but the point I want to make is that once this USD bull run is over (it's years away IMO) GBP will definitely be a better buy than EUR and possibly better than AUD & NZD, but I'd like to buy those too once this is all said and done.. You can see how much stronger GBP is vs USD than other currencies.

GBP been acting a bit later on most sell offs. Maybe I'm wrong and it's going to go up to 1.6 first..... anything is possible.
  • #410,315
  • Feb 25, 2015 8:01pm Feb 25, 2015 8:01pm
Right @ resistance around 1.55ish but the weekly chart is looking like a possible turn???
Previous rallies were pretty shallow but this one is getting a bit more extension so a pullback now could be a retracement in uptrend???
Attached Image (click to enlarge)
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  • #410,316
  • Feb 25, 2015 8:09pm Feb 25, 2015 8:09pm
Quoting srt
Right @ resistance around 1.55ish but the weekly chart is looking like a possible turn??? Previous rallies were pretty shallow but this one is getting a bit more extension so a pullback now could be a retracement in uptrend??? {image}
1.5590 is key area, that's where it basically broke down lower from. Most likely going to hit that level.
  • #410,317
  • Feb 25, 2015 8:11pm Feb 25, 2015 8:11pm
Gu has broken 1.554.
Gu is definitely bullish, has seen bullish engulfing 3 times for last few days H4.

and has passed kumo at Daily.

It seems to breakout.
But I am not used to trade breakout.
so..
  • #410,318
  • Feb 25, 2015 8:15pm Feb 25, 2015 8:15pm
Quoting Idkurv
Gu has broken 1.554. Gu is definitely bullish, has seen bullish engulfing 3 times for last few days H4. and has passed kumo at Daily. It seems to breakout. But I am not used to trade breakout. so..
I finally decided to long,
gu has break above yesterday high daily.
will see.

It is like buying at resistance / buy at high though...


Should not have closed long since 1.54.
  • #410,319
  • Feb 25, 2015 8:17pm Feb 25, 2015 8:17pm
Quoting Ck87
{quote} 1.5590 is key area, that's where it basically broke down lower from. Most likely going to hit that level.
Could be.
I have 1.5540 as the key area of breakdown.
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  • #410,320
  • Feb 25, 2015 8:21pm Feb 25, 2015 8:21pm
Next destination for long is 1.575.
retracement during the way? Deep or shallow? No idea..
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