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Cable Update (GBPUSD)

  • #299,861
  • Feb 3, 2012 7:33am Feb 3, 2012 7:33am
Quoting FXConveyor
OK time to buy at 1.58093 north to 1.5880
dream on
  • #299,862
  • Feb 3, 2012 7:39am Feb 3, 2012 7:39am
The non-farm employment change and unemployment in US are good! Risk off, so we will have lower US dollar, that makes cable go north higher... Can it break 5886?
  • #299,863
  • Feb 3, 2012 7:43am Feb 3, 2012 7:43am
Quoting Donny_aw
The non-farm employment change and unemployment in US are good! Risk off, so we will have lower US dollar, that makes cable go north higher... Can it break 5886?
U sure not risk ON ?
  • #299,864
  • Feb 3, 2012 7:43am Feb 3, 2012 7:43am
Quoting Donny_aw
The non-farm employment change and unemployment in US are good! Risk off, so we will have lower US dollar, that makes cable go north higher... Can it break 5886?
1.575 more likely...
.
  • #299,865
  • Feb 3, 2012 7:46am Feb 3, 2012 7:46am
first tp 5760 2nd tp5730 3rd tp5700
  • #299,866
  • Feb 3, 2012 7:47am Feb 3, 2012 7:47am
Quoting Donny_aw
The non-farm employment change and unemployment in US are good! Risk off, so we will have lower US dollar, that makes cable go north higher... Can it break 5886?
Ehhh what?!

Mate in this situation with the strong US figure... RISK OFF means DOLLAR GETS BOUGHT... not Sold... specially when Yen and CHF are even less likely as safe haven as of late...
Better watch out before EURUSD, GBPUSD, AUDUSD, everything against USD falls to burn ur ass...
im expecting a long due correction in EURUSD to reach 1.25 and GBPUSD, 1.50

This is a Well moving, SUPPORTED move, the move down in everything is well supported by fundies here...
for the first time this month the risk pairs are moving with technical and fundie working together...

http://www.forexlive.com/blog/2012/0...payroll-surge/

Payroll surge is another sign of Dollar strength... people are pulling out of treasury.. and putting their money back in CASH, DOLLAR to be precise... demand for dollar up.. Dollar strength up....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,867
  • Feb 3, 2012 7:51am Feb 3, 2012 7:51am
Quoting Donny_aw
The non-farm employment change and unemployment in US are good! Risk off, so we will have lower US dollar, that makes cable go north higher... Can it break 5886?
Huh, I SELL both EU and GU right after the release result !!
  • #299,868
  • Feb 3, 2012 8:00am Feb 3, 2012 8:00am
Bearish correction and continuation in play... my pen ultimate trend reversal for the EURUSD towards a bull trend was a break above 3250, well i guess its done...
GBPUSD gona fall too...
now all we need is the media to shift its focus towards EUROPE and the poor DYING neighbor UK...
and yea PLEASE PLEASE dont tell me UK is not in as worse situation as EUROPE....
EUROPE is a UNION of countries...
UK as a country itself is far worse than the AVERAGE situation in Europe...
(guess why UK aint downgraded yet?? well do some research on who owns the fed then you'll notice that rating agencies in US are being paid under the table to keep UK from being downgraded as much, LOL...)
UK economic growth predicted to stagnate this year while France, Germany, and some other Europe country with heavier financial power are not suffering a stagnant economy or a contracting economy... but one with a very small growth....

proof me wrong lol...
im gona go, see you guys in 2 weeks when i take profit at EU 1.25 and GU 1.50
Ciao... Fundie winner today
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,869
  • Feb 3, 2012 8:02am Feb 3, 2012 8:02am
Quoting bguguen
Ehhh what?!

Mate in this situation with the strong US figure... RISK OFF means DOLLAR GETS BOUGHT... not Sold... specially when Yen and CHF are even less likely as safe haven as of late...
Better watch out before EURUSD, GBPUSD, AUDUSD, everything against USD falls to burn ur ass...
im expecting a long due correction in EURUSD to reach 1.25 and GBPUSD, 1.50

This is a Well moving, SUPPORTED move, the move down in everything is well supported by fundies here...
for the first time this month the risk pairs are moving with technical and fundie working...
why risk off with good figures? I sold at the top cause of chart set up regardless of news, but curious why risk off? This confuses me sometimes...
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade26.gif Size: 13 KB
Come with me if you want to live....
  • #299,870
  • Feb 3, 2012 8:06am Feb 3, 2012 8:06am
Quoting bguguen
Bearish correction and continuation in play... my pen ultimate trend reversal for the EURUSD towards a bull trend was a break above 3250, well i guess its done...
GBPUSD gona fall too...
now all we need is the media to shift its focus towards EUROPE and the poor DYING neighbor UK...
and yea PLEASE PLEASE dont tell me UK is not in as worse situation as EUROPE....
EUROPE is a UNION of countries...
UK as a country itself is far worse than the AVERAGE situation in Europe...
(guess why UK aint downgraded yet?? well do some research on who owns the fed...
have to agree,britain had worst sales in december,altough media doesnt show much attention to it,but economy is going towards the standstill.
  • #299,871
  • Feb 3, 2012 8:08am Feb 3, 2012 8:08am
first leg down
Attached Image (click to enlarge)
Click to Enlarge Name: first leg.jpg Size: 165 KB
  • #299,872
  • Feb 3, 2012 8:11am Feb 3, 2012 8:11am
Quoting Ill-b-back
why risk off with good figures? I sold at the top cause of chart set up regardless of news, but curious why risk off? This confuses me sometimes...
You just need to know the rally and the in EURUSD that lasted just about a week is the big boys plan to hunt for stops top side...
there were no supporting evidence that EUROPE or UK is in a better shape... anywhere better than US...
If you look... the consensus in US is starting to show regardless of QE or not, job creation/ lower unemployment leads to stronger economic growth...

US is GROWING
and i dare say MUCH FASTER than UK or EUROPE...
the fact that it rallied when fundamentals were ignored for the whole week last week was easy to spot that it was big boy's plan EITHER to STOP HUNT or SHORT COVER... (Short cover doesnt mean they turned bearish... they simply bet upwards in the short term of say a week to reduce risk, risk of fundies to start leading the way that could cause instead of a 1000 pip tank to a perhaps 500 pip tank
that's why i shorted at 1.3150 when i started to see macd upside exhaustion in EURUSD
Sometimes knowing what the big boys are doing is great...
btw for the last week... i saw something weird...
the USDX dropped fine...
but the US Equities seem to have got stuck....
if you wanted to know where the USD strength would get back the Equities would show... (S&P500, Nasdaq... the whole shebang, it met some sort of upside resistance... when equities Fall, means stocks are sold back to cash... which again means demand for dollar cash... shazam

Good luck!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,873
  • Feb 3, 2012 8:11am Feb 3, 2012 8:11am
Quoting bguguen
Bearish correction and continuation in play... my pen ultimate trend reversal for the EURUSD towards a bull trend was a break above 3250, well i guess its done...
GBPUSD gona fall too...
now all we need is the media to shift its focus towards EUROPE and the poor DYING neighbor UK...
and yea PLEASE PLEASE dont tell me UK is not in as worse situation as EUROPE....
EUROPE is a UNION of countries...
UK as a country itself is far worse than the AVERAGE situation in Europe...
(guess why UK aint downgraded yet?? well do some research on who owns the fed...
Uh oh, Deja vu...
Come with me if you want to live....
  • #299,874
  • Feb 3, 2012 8:16am Feb 3, 2012 8:16am
Quoting Ill-b-back
Uh oh, Deja vu...
yea i only come in when i need to... filter all the bullshit out including talks about how GBPUSD is in a Bull trend and stuff... (not that im talking about you... just some other inexperienced calling out crap with one word like
"LONG here Target 5900 GBPUSD in Bull Trend" that sort of stuff)
besides i had better stuff to do...
such as enjoying my life, with family, friends etc instead of looking at the charts all the time... as i said im a fundie trader and when i see signs where fundie and techs match... i come in here to say what i trade... otherwise its all bullshit and big boy manipulation which i dont like to talk about or speculate... No point doing so speculating against big hedge funds... i just let them do what they want before i step in...
and to prepare for Insurance and Investment Qualification Exam here in Hong Kong...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,875
  • Feb 3, 2012 8:20am Feb 3, 2012 8:20am
Quoting bguguen
You just need to know the rally and the in EURUSD that lasted just about a week is the big boys plan to hunt for stops top side...
there were no supporting evidence that EUROPE or UK is in a better shape... anywhere better than US...
If you look... the consensus in US is starting to show regardless of QE or not, job creation/ lower unemployment leads to stronger economic growth...

US is GROWING
and i dare say MUCH FASTER than UK or EUROPE...
the fact that it rallied when fundamentals were ignored for the whole week last week was easy to spot that...
yes i understand equities and cash, but why a sell off in equities now (which increases dollar strength). dont good figures cause a demand for equities?
Come with me if you want to live....
  • #299,876
  • Feb 3, 2012 8:23am Feb 3, 2012 8:23am
Quoting bguguen
Ehhh what?!

Mate in this situation with the strong US figure... RISK OFF means DOLLAR GETS BOUGHT... not Sold... specially when Yen and CHF are even less likely as safe haven as of late...
Better watch out before EURUSD, GBPUSD, AUDUSD, everything against USD falls to burn ur ass...
im expecting a long due correction in EURUSD to reach 1.25 and GBPUSD, 1.50

This is a Well moving, SUPPORTED move, the move down in everything is well supported by fundies here...
for the first time this month the risk pairs are moving with technical and fundie working...
nice analysis! i closed my long positions before the nfp and unemployment. My bias is to short right now but need to see pa to confirm
  • #299,877
  • Feb 3, 2012 8:23am Feb 3, 2012 8:23am
guys wanting to know what effect the NFP has...

Look at US30 or US stock Indices
Look at USDX
both US Stocks and US dollar is strengthening...
meaning people are in a Fire Buy Dollar situation...

normall US stock indices fall translates to USD strength but the fact its rising together with USDX means USDX has MORE room to rise when US indices exhausts
thats the fundie basics. and its the likely scenario as good US figure attracts people to pull out from RISK pairs and to buy US Dollar across the board...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,878
  • Feb 3, 2012 8:28am Feb 3, 2012 8:28am
Quoting gino32
nice analysis! i closed my long positions before the nfp and unemployment. My bias is to short right now but need to see pa to confirm
well seeing eurusd and gbpusd are somewhat correlated as they are both risk pairs in similar situation seeing EURUSD getting exhausted.... i took measure immediate once i see GBPUSD were to exhaust next....
EURUSD is in my experience is known as the less hot headed brother with less expressive movements... while GBPUSD is the Strong hardball directional brother...
but they do the same thing most of the time... GBPUSd just moves stronger and takes shorter time to top out or bottom out for a reversal
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #299,879
  • Feb 3, 2012 8:28am Feb 3, 2012 8:28am
Quoting bguguen
yea i only come in when i need to... filter all the bullshit out including talks about how GBPUSD is in a Bull trend and stuff... (not that im talking about you... just some other inexperienced calling out crap with one word like
"LONG here Target 5900 GBPUSD in Bull Trend" that sort of stuff)
besides i had better stuff to do...
such as enjoying my life, with family, friends etc instead of looking at the charts all the time... as i said im a fundie trader and when i see signs where fundie and techs match... i come in here to say what i trade......
I understand. I am a tech trader with a short attention span. I have learnt however that being too sure of myself can be embarrassing.
Come with me if you want to live....
  • #299,880
  • Feb 3, 2012 8:28am Feb 3, 2012 8:28am
Thanks for that!
Quoting bguguen
guys wanting to know what effect the NFP has...

Look at US30 or US stock Indices
Look at USDX
both US Stocks and US dollar is strengthening...
meaning people are in a Fire Buy Dollar situation...

normall US stock indices fall translates to USD strength but the fact its rising together with USDX means USDX has MORE room to rise when US indices exhausts
thats the fundie basics. and its the likely scenario as good US figure attracts people to pull out from RISK pairs and to buy US Dollar across the board...
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