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- RussJ replied Jun 8, 2014
Well 6730 makes sense as that's where I see a problem.. 24 being the target and if it goes early off 30 I see it being a problem... but time will tell... based on other decisions I'm kinda favouring short but will go with Euro as easier pips. Thanks ...
Cable Update (GBPUSD)
- RussJ replied Jun 8, 2014
So whats your short term view on Cable then??? my pm to Elbert was exactly correct Friday on NFP... put a few scenarios up but he one I called in the morning was correct and it suggested where Friday left off it would continue too 1.6872... However, ...
Cable Update (GBPUSD)
- RussJ replied Jun 8, 2014
Just checked Weekly chart, can see where your thinking off.. my weekly shows area being 7970 but quarterly shows 8065 area it came off creating inverted H & S on Quarterly.. people waiting for the lower entry may have missed. But I certainly agree ...
Cable Update (GBPUSD)
- RussJ replied Jun 8, 2014
I'm expecting the same.... 1.6824 sell off now too 1.6587. What I don't like is EURO going up and USD going down so Cable will try on USD weakness but I think it wont be any strength as the GBP will be getting sold off in the cross against the ...
GBP/USD outlook
- RussJ replied Jun 8, 2014
morning, afternoon, Chris.... I will email you my charts, ping me private email your email. Yes and I agree I was looking re quarterly chart and 80.60 was bottom for me... I too agree Cable will go up to 8025 which will ping EUR GBP down to 80.90 ...
Cable Update (GBPUSD)
- RussJ replied Jun 7, 2014
I'm exactly the opposite and think it will go up 1000 pips lol!!! Just hit a quarterly level and look at the pin bar on weekly, daily, even though stoch cycles on all timeframes point south..price action prevails and with a pin like that expect 200 ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
Sqauwk, I'm just waiting for NFP now.. I just exited short for like 12 pips..... I see so many different ways this could go... so going to wait for it and enter at the support or resistances. Here's another scenario
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
Yeah it is a dump 1.6840/48 is a dunp back too 1.6787 area... that's either end of day scenario or it price would get here before nfp and nfp would send it down there then finish day at 1.6870. 1 of 2 scenarios
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
ha ha ha.. take profit the same...am tempted set manual as well but going tottry and get the bottom at 1.6741 only because of greed.. want to take profits at 1.6787 and use the profits to re buy as much as profit will let me at 1.6756... would love ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
16873 is your short back too 16808.. hoping to see it down first though... this might happen Monday if not today.. if we can't break 1.6787 this will get really freaky swings back and forth cancelling out pips etc for people.. for instance.... if we ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
I am hoping we touch 87 now before nfp.. and 87 takes us back too say 1.6808.. we will be ready to crash through it then as we would have touched it once.. we have already touched 1.6802 so that is dead... now we need a touch on 1.6787 then we're ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
Yay I've now got someone supporting me in my view
I got my short exits at 1.6750 as shorted at 1.6719 stop 1.6826 although that is 7 pips expect it to be 24 pips if nfp swings it up first but am looking at buying slightly below there... looking ...Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
I totally agree, first down off nfp too 1.6767.. that's when people will try and take it up.. but then you got others camped at 1.6806 that will try and short it as been waiting for nfp to go one way plus its fractal... once we get to 1.6767 we have ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
My plan is to buy mate off 1.6741 area..... if we go up first I will short 1.6840 levels.. the alternate plan was only put up (it was not my plan) as someone suggested it was going up now and I said well if it does no problem I wil short 1.6842/48 ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
Elbert... Orignal plan sees it pulling back too1.6741 area.. that's where I am buying but I gave an alternate scenario where if it went up first before nfp then I would sell it back too 1.6785.. NFP usually goes 70 one way and 100 the other so fits ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
don't matter if goes up or down, ultimately by close of business it will go up.. but if it goes up now before nfp then I will short nfp at 1.6844/48 lel down too 1.6785 then buy it up to 1.6870 If it goes down first then I will buy at 1.6740's and ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
Here's the levels lads. Of Course I am hoping for 1.6739/47 for my buy, but if it goes off 1.6767 and i will miss that as not prepared to buy there even though i see it, my ris becomes greater if I buy there, but if it does happen no fear, i will ...
Cable Update (GBPUSD)
- RussJ replied Jun 6, 2014
goo luck on it, for me that's a quick way to lose capital buying at resistance and selling at support.....
Cable Update (GBPUSD)