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Cable Update (GBPUSD)

  • #271,561
  • Feb 10, 2011 9:57am Feb 10, 2011 9:57am
Quoting Stretch
What just happened? is this due to london closing?
dont know.....

fundies cry : hey pound ! you cant rise anymore this month, you need to drop. !
cable says : hey BoE ! shut the fuck up !

and me : just watching my balance decreasing n deacreasing....anyway cable will kill 6000 level.
then boooooooooooooooooooooom.
Hero calls followed by margin calls...
  • #271,562
  • Feb 10, 2011 9:57am Feb 10, 2011 9:57am
Quoting PhAnTi'
speechless.

cable = untradeable.
surprising indeed, saw VSA guys talking about, happy to be in UJ longs atm.....
Don't be a hero. Don't have an ego. Always question yourself
  • #271,563
  • Feb 10, 2011 9:57am Feb 10, 2011 9:57am
Quoting Stretch
What just happened? is this due to london closing?
because i close, & the sharks wanna piss me off. sonofabeech grrr
Thank You
  • #271,564
  • Feb 10, 2011 9:59am Feb 10, 2011 9:59am
Hi Guys,

this is my first post ever so don't take me too seriously

There is gonna be some serious bullish movement by my opinion, here are the reasons:

1. bullish H4 divergence
2. bounce off trendline
3. bullish H4 close
4. bounce off last month close (which has been happening almost all this week)
5. I am not that much in VSA, but there is a huge volume on down candle on 5 min candle with some testing after that.

Will try to post a chart as soon as I figure out how

Your opinions are very welcome!

Good luck,

Frankie
  • #271,565
  • Feb 10, 2011 9:59am Feb 10, 2011 9:59am
I note USD-Bear comments upon the USINDX

As I am posting this, I see price make a push. Hmm...
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #271,566
  • Feb 10, 2011 10:01am Feb 10, 2011 10:01am
...the buggers just wait, don't they?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #271,567
  • Feb 10, 2011 10:05am Feb 10, 2011 10:05am
fundies cry : hey pound ! you cant rise anymore this month, you need to drop. !
cable says : hey BoE ! shut the fuck up !
  • #271,568
  • Feb 10, 2011 10:06am Feb 10, 2011 10:06am
Quoting PhAnTi'
dont know.....

fundies cry : hey pound ! you cant rise anymore this month, you need to drop. !
cable says : hey BoE ! shut the fuck up !

and me : just watching my balance decreasing n deacreasing....anyway cable will kill 6000 level.
then boooooooooooooooooooooom.
Well I hope so than. Good luck.
  • #271,569
  • Feb 10, 2011 10:09am Feb 10, 2011 10:09am
Quoting wormboy
because i close, & the sharks wanna piss me off. sonofabeech grrr
lol, that guy yes, sorry for your bad-luck....
Don't be a hero. Don't have an ego. Always question yourself
  • #271,570
  • Feb 10, 2011 10:10am Feb 10, 2011 10:10am
Quoting 45Condor
...the buggers just wait, don't they?
aye .. gets on my tits when this happens. had a strong conviction that we'd see cable print higher, loaded since monday, them buggers played ard the pvp, made me wait till today before closing below. threw the towel, & now it's shooting back up. shudda scalped lol

bollocks to this. sit here 1 more minute & i'd probably punch a hole in my screen.
i'm done. take care mate
Thank You
  • #271,571
  • Feb 10, 2011 10:10am Feb 10, 2011 10:10am
Quoting 45Condor
I note USD-Bear comments upon the USINDX

As I am posting this, I see price make a push. Hmm...
cool charts.
but i cannot agree at all.

fundies should bring us below 6000 again, i dont see any space for bulls then anymore...

if 6000 holds....god bless.

but hey, usdx should get stronger and pound is in deep shit. bad economy data figures last 2 weeks and boe didnt hike rates.
i even wonder how cable could resist 6000 level again....

ph.
Hero calls followed by margin calls...
  • #271,572
  • Feb 10, 2011 10:15am Feb 10, 2011 10:15am
sometimes the market just won't have impact from the data that we obtained 1.90 it's too optimistic I would say.
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  • #271,573
  • Feb 10, 2011 10:15am Feb 10, 2011 10:15am
...a little example of holding one's nerve and following a small TF Guppy profile. Probably busted now.

And what is with Cable?
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  • #271,574
  • Feb 10, 2011 10:15am Feb 10, 2011 10:15am
There is a strong TL support at 1.6023 range and this has held and gbp has bounce back
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finding A M S
  • #271,575
  • Feb 10, 2011 10:17am Feb 10, 2011 10:17am
Quoting PhAnTi'
cool charts.
but i cannot agree at all.

fundies should bring us below 6000 again, i dont see any space for bulls then anymore...

if 6000 holds....god bless.

but hey, usdx should get stronger and pound is in deep shit. bad economy data figures last 2 weeks and boe didnt hike rates.
i even wonder how cable could resist 6000 level again....

ph.
agree, agree just don't fight reality......
Don't be a hero. Don't have an ego. Always question yourself
  • #271,576
  • Feb 10, 2011 10:19am Feb 10, 2011 10:19am
Here is chart for my previous post.

Frankie
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  • #271,577
  • Feb 10, 2011 10:20am Feb 10, 2011 10:20am
Quoting USD-Bear
agree, agree just don't fight reality......
have a fight with my lady margin right now...hedging cable shorts : p

anyway....

speechless-.
Hero calls followed by margin calls...
  • #271,578
  • Feb 10, 2011 10:23am Feb 10, 2011 10:23am
Quoting PhAnTi'
speechless.

cable = untradeable.
Agreed PhAnTi

I literally have been raped by cable the last few weeks, with no lube

So much money lost due to hedging becasue of these sharks, bar stewards!!
  • #271,579
  • Feb 10, 2011 10:25am Feb 10, 2011 10:25am
I am an avid student of fundamentals - anyone that has read my musings upon Stocky Monk's thread can attest to that - but I really think that in today's current climate, they account for very little as political and economic backdoor agreements are honoured by those that have the capacity to shift price where they want it.

Everybody is interested in US bonds at the moment, and they are surely on the verge... are we seeing placement of big money for something further down the line - I'm considering months, perhaps a few years. Of course, we cannot hope to know the details.

Some are calling for a drop in the DOW, well, I do not think that this will be allowed to happen to any large degree, as this would surely precipitate a catastrophe that will render most people broke. Big money does not want this, as it survives on debt. If we all turn up at the workhouse door it's game over for the lenders.

Of course, these are just a few quick thoughts for the thread. Talking fundamentals is never-ending, but always entertaining... something Cable has not been for most of this week.

Quoting PhAnTi'
cool charts.
but i cannot agree at all.

fundies should bring us below 6000 again, i dont see any space for bulls then anymore...

if 6000 holds....god bless.

but hey, usdx should get stronger and pound is in deep shit. bad economy data figures last 2 weeks and boe didnt hike rates.
i even wonder how cable could resist 6000 level again....

ph.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #271,580
  • Feb 10, 2011 10:31am Feb 10, 2011 10:31am
Quoting PhAnTi'
ok.
What we want and what we have.

We want: break of 6000 level....finally....

-----------------------------------------------------------

what we have :

fundies :

We had a lot n lot of bad u.k data this month and end fo january.
Bank of England didnt hike rates today , still 0,25 % interest rate ( which should actually weaken the pound.)
Then we got quiet ok/good job data figures from the u.su 1 hour ago.

Also technicals (daily charts) gbpusd,gbpjpy and gbpchf pointing down....
only gbpjpy is at critical resistance level...
checked out at cable,gbpchf and geppy with around -300 pips.

well...
again...
boe didnt hike rates , only cruel uk economy data figures , good usd data.
descending trendline on h1/h4 on cable just got broken easily...
pound doesnt know any weakness....instead it climbs and climbs....thats quiet quiet paradox.

---> untradeable for me....may be some traders out there who bought cable against those kind of fundies.... wanna take my hat off to them cause this would have been kamikazee style...but should've played quiet ok.....laughing out loud.

im off.
celebrating my -20 % on pound-pair trades this week

ph.
Hero calls followed by margin calls...
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