Cable Update (GBPUSD)
i think today will be hectic..either up or down
monthly close, yearly closes and quarterly depend on the movements today i feel
1.5560 may happen if it takes the top out
will be interesting to see how this develops..theres a case to long now as its been rejected yet again
Nice work Navin. Have a great new year everyone.
ahhhhh luck!!..thanks bro
u too have a great new year bro..
big problem actually is usdollar strenghten still increasing...
will be an interesting january!
that's for sure!
yeah but so is gbp strength..once euro gets a grip...
gold and oil are the trades these will go up with time..imagine if euro wasnt so news worthy..where the pound would be flying
anyways its all speculation..lets see..if i get out of this mess i wont do this again!!!!!!!!!!!
wasnt a good move at all
yes was not really a good choice!
oh well, until there is no weekly closing below 1.54.... it can still go up!
hope for you that beginnig of the year big boys partially closes those longs in usdollars to move price up and reload higher!
this would mean 1.62 -1.63 in GU and 1.35 1.37 in EU
here in italy government say there will be no more interventetions in tax to reach ECB's targets. hopefully this will give a bit of "risk on"
this talk about dollar is BS honestly looking at the index..this is nothing but a swing..strength cause euro is on the ropes..when euro makes a swing point to go up..hopefully i can save my ass
have a great new year bro!!
yes usdx also trailed up by usd chf etc...
what i mean is on COT data: there is increasing long contracts taken by large traders. also large traders going long are increasing every week.
this doesn't directly means that every thing vs usd goes down but it is good to know that billionaires institutions are still buying us dollars and they are adding on their positions! helpful for med-long term trades!
i think anyway until we are above 1.54 (like today) your ass is safe!
have a great new year you too bro!
Unless I am mistaken, Navin won't be thinking its good to know US dollars are being purchased by the big boys and adding to their positions, since he is long the GBP. Is this correct or am I mistaken?
you're right but i don't think he will think that i think that if i dont say him this fact, things will be better
lol
i only said what i see is going on until today.
i still see a possible breake above 1.57
could be wrong but actually aud usd broken similar resistance, i clearly see it on my charts.
a bit recover in euro and GU will be the second to breake above 1.57 (first has been aud usd).
after that.... only god knows!
Yes of course no point in denying the truth, I was just curious how you painted the big boys buying US dollars as a good thing given the context of you discussion with Nav about his predicament, that's all. My system shows anothe sell off around 57 to 5270 or wherever the 61.8 retrace is but will get confirmation on Mon/Tues I think.
Price opened 2011 at 1.5542 and closes the year at 1.5545 ! The yearly range 1.6747-1.5270...so opening and closing nearer the bottom of the range than the top,
G/L for 2012.
uhm maybe my english still no good! i was not meaning that is a good thing that institutionals are buying usdollars... i was simply saying a fact
i should have written "it is better to know what billiionaires...." instead of "it is good to know.... etc"
then yes, near 1.57 possible another rejection.
but personally next time price will reach there, assuming it goes again, i will wait a kind of confirmation in pa before taking short! thats for sure!
