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Cable Update (GBPUSD)

  • #416,681
  • Jun 23, 2015 7:24am Jun 23, 2015 7:24am
Quoting elbert3
{quote} yes have trades but not posting as much great not being tied i think once you get off this for a few days it makes you see more of life,lol regards
Hey B,

Got to take care of yourself and enjoy it, post when you can.....
The world you desire can be won. It exists.. it is real.. it is possible..
  • #416,682
  • Jun 23, 2015 7:58am Jun 23, 2015 7:58am
Reversal from 1.5920-30 important resistance and a subsequent weakness below 1.5750 has now confirmed continuation of the near-term weakening trend for GBPUSD, at-least till 1.5670-60 support area.
Wouldn't be surprised if the pair drops further below 1.5560-50 support area to retest the very important 1.5500 psychological mark support.
  • #416,683
  • Jun 23, 2015 8:03am Jun 23, 2015 8:03am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 230 KB
  • #416,684
  • Jun 23, 2015 9:38am Jun 23, 2015 9:38am
bullish divergence 30M
bigger trend is bearish I believe
  • #416,685
  • Jun 23, 2015 10:14am Jun 23, 2015 10:14am
Bought cable on this second dip to the bottom
  • #416,686
  • Jun 23, 2015 10:22am Jun 23, 2015 10:22am
1.5741(Roughly) is an interesting level when looking to the left.

So far the drop of cable is not damaging its bullish tone yet.

USD Final GDP q/q tomorrow, might be a play for that.

Also notice that for today EURUSD reacted to the data inversely, so atm bond yields and fund reallocation might be driver for the FX(i.e. good greek news from EU=lower yield=Euro outflow), don't watch bond yields, so can't be too sure about that, just a head scratching.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFWeekly.png Size: 51 KB
  • #416,687
  • Jun 23, 2015 10:24am Jun 23, 2015 10:24am
Quoting elbert3
{quote} yes it can do that,, hope to see 5678 , nice number ,
I order some USD cash for a trip yesterday, now think it was a very timely purchase
  • #416,688
  • Jun 23, 2015 11:15am Jun 23, 2015 11:15am
Closed most of my cable shorts only 3 positions left open now.
  • #416,689
  • Jun 23, 2015 12:13pm Jun 23, 2015 12:13pm
Opened a small long at 1.57204.
If you're not part of the solution then you're part of the problem.
  • #416,690
  • Jun 23, 2015 12:28pm Jun 23, 2015 12:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 243 KB
  • #416,691
  • Jun 23, 2015 12:45pm Jun 23, 2015 12:45pm
Quoting Dano12
{image}
Agreed Dano, but I see it sliding further down as well, thats just my opinion.
  • #416,692
  • Jun 23, 2015 12:45pm Jun 23, 2015 12:45pm
i am longing GBP according to moving average.
  • #416,693
  • Jun 23, 2015 1:19pm Jun 23, 2015 1:19pm
ok move down towards limits 5653\5553 with a apparent BO 5742 , that is bounce may come before they break , next 1-2 days play should confirm > either play towards 5460\5260 approximately. otherwise top play again likely also or try test again & again before BO 5742 & hold type down. Bull set still ok for play any time but little weak.
take care ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 40 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,694
  • Jun 23, 2015 4:45pm Jun 23, 2015 4:45pm
Quoting Kajos2250
{quote} GU D1 GMT+2 Interested IB. i think Fakey long will be born, ihope! The bullish marubozu is still in game, trend is up, do you job! buy limit .5738, YPP ~6087... Good luck! {image}
GU H4 GMT+2

Fakey long failed on the daily...
last limit triggered but there is no valuable signal, correction is running.
satisfied previous bullish marubozu, engulfing combo zone. hungry bulls!?

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 47 KB
Anything is math!
  • #416,695
  • Jun 23, 2015 5:56pm Jun 23, 2015 5:56pm
fall
Attached Image (click to enlarge)
Click to Enlarge Name: Pound.png Size: 16 KB
  • #416,696
  • Jun 23, 2015 6:57pm Jun 23, 2015 6:57pm
lalala... nanana...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 141 KB
forex... like it, trade it and manage it... get your profit...!!!
  • #416,697
  • Jun 23, 2015 11:44pm Jun 23, 2015 11:44pm
Quoting majorusa
Opened a small long at 1.57204.
Closed the long at 1.57424 +22 pips
If you're not part of the solution then you're part of the problem.
  • #416,698
  • Jun 24, 2015 12:51am Jun 24, 2015 12:51am
;]
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 127 KB
forex... like it, trade it and manage it... get your profit...!!!
  • #416,699
  • Edited 1:32am Jun 24, 2015 1:09am | Edited 1:32am
ok pa playing , break 5762 and or 5800 for 5834 limit or 5867 to 59++ play again \top play . or go further down if unable break the first level but next may to come back for 5760 bo upside for all same levels up.
By the time writing the lowest level breaks & so next 5800 to see breaks & hold or not. failure here can lead towards 5553 level though.
At the same time eu may to correct with limit up for down 1.1292 more towards 1.1080\100\1.0877 before the target immediate up 1.1532 if success soon.

so gu can fail breaks up this time at 5800\5833
Take care.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 54 KB
Click to Enlarge Name: EURUSDDaily.png Size: 43 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,700
  • Jun 24, 2015 1:32am Jun 24, 2015 1:32am
SL hunters at work...
526 traders viewing now, 2 are registered:
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