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- thegunslinger replied Jul 18, 2012
Right shoulder of the H&S pattern now forming on the 5m. Neckline break @ 1.5620 to the downside.
Cable Update (GBPUSD)
- thegunslinger replied Jul 13, 2012
Well that trade failed. I would love to know what has caused this catastrophic (for those of us thinking bearish) reversal. I see China numbers came out good. That's sending US stocks soaring. Stocks up, USD down?
Cable Update (GBPUSD)
- thegunslinger replied Jul 12, 2012
my 2 pips — So today's move for me confirmed we're back in a downtrend. The daily retested the lower TL of our June bull trend as resistance yesterday. It got rejected. We've now broken through the neckline of the double-headed Ghost/H&S ...
Cable Update (GBPUSD)
- thegunslinger replied Jul 12, 2012
Oh you're right. I was misreading the numbers. Silly me.
Cable Update (GBPUSD)
- thegunslinger replied Jul 12, 2012
My amateur analysis - NFP numbers weren't great, but they came out better than what was expected. So those with positions based on worse than expected numbers needed to readjust to reality.
Cable Update (GBPUSD)
- thegunslinger replied Jul 11, 2012
Do those type of posts really hurt you or something? If people are lying about their trades then they're only fooling/hurting themselves. It's not going to effect you or I unless you decide to open positions based on such posts. And if you're trying ...
Cable Update (GBPUSD)
- thegunslinger replied Jul 11, 2012
What a move. My short from 1.5565 closed at 1.5632 before I had a chance to move it with that freefall. Looks like a very clear cut rejection of the 38 Fib of May's uptrend. We're also still well within the June+July down move. If this 4h candle ...
Cable Update (GBPUSD)
- thegunslinger replied Jul 8, 2012
Another week soon to begin! Many pips to you all. I'm bearish on this pair. 4H and daily are both in downtrend channels with Friday setting a new LL and closing at support in the 1.547x range. Price will probably have to retest some key levels ...
Cable Update (GBPUSD)
- thegunslinger replied Jul 6, 2012
Aaannnd I'm out! — Closed last short for a small profit. Not going to re-enter today. A great week compared to last, as any week with an improvement would be. I had a 65% "win" rate on my trades and a profitable week. Have a good weekend folks.
Cable Update (GBPUSD)
- thegunslinger replied Jul 6, 2012
A close < 1.5480 today would be a strong indication of us going down more. If it doesn't then it's more likely we bounce back up. My inclination is this is going down since we busted through the lower trendline of June's upwards move.
Cable Update (GBPUSD)
- thegunslinger replied Jul 3, 2012
Price is a rollercoaster this morning. Those are fun.
Cable Update (GBPUSD)
- thegunslinger replied Jul 2, 2012
Good morning fellas. Short GBP/USD @ 1.5705 / TP 1.5640 / SL 1.5740. I don't see many people posting in here about this pair, but I'm also long USD/CAD @ 1.0168 / TP 1.0220 / SL 1.0140.
Cable Update (GBPUSD)
- thegunslinger replied Jul 1, 2012
So here's what I see. Chart #1 (4H) - We've broken out of the downtrend and have bounced all the way back to the 76% fib of the last week's move. However, I'm not yet ready to say we're back into bull mode yet because... Chart #2 (Daily) - We ...
Cable Update (GBPUSD)
- thegunslinger replied Jun 29, 2012
Closed the short from 1.5690 with a small gain. It's Friday afternoon and it doesn't look like the pair is going to move much more and I don't hold over weekends unless I'm already well into profit. Overall a mixed week. A very bad start that I made ...
Cable Update (GBPUSD)
- thegunslinger replied Jun 29, 2012
Same, though I just have the single TP @ 1.5640. We have a good double top formation right at the 23% fib level (1.5690).
Cable Update (GBPUSD)
- thegunslinger replied Jun 29, 2012
Big move overnight. Bounced off the 23% fib. I'd look for a retest of it coming up soon. That'll tell us if we'll continue up the rest of the day or head back south to retest the levels we busted on the way up.
Cable Update (GBPUSD)
- thegunslinger replied Jun 28, 2012
Boom, headshot. Now I sit and wait for tomorrow morning.
Cable Update (GBPUSD)
- thegunslinger replied Jun 28, 2012
Took a long @ 1.5495 targetting 1.5530. We've bounced off the channel's lower trendline and the uptrend's 76% fib. Price will likely retrace some of today's movement before London open and the King's talk.
Cable Update (GBPUSD)
- thegunslinger replied Jun 28, 2012
Closed my short at 1.5500. Market momentum has slowed down and not sure if the market will get that much lower. We've already stretched 120 pips today. It's only 5 off my target and I'd rather that then it now retrace 10-15 pips.
Cable Update (GBPUSD)
- thegunslinger replied Jun 28, 2012
Didn't think it would retest 1.5610 as well but that was the spike prior to the London open. But otherwise this is turning out nicely.
Cable Update (GBPUSD)