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Cable Update (GBPUSD)

  • #303,381
  • Mar 13, 2012 10:46am Mar 13, 2012 10:46am
Quoting bguguen
Wait a minute... do you even see any clear picture of PA when the market is all hyped and messed up right now??
besides it doesnt matter what Ben Bernanke speaks, itll still go down and go down forever... Buddy... you really dont know a clue how the game works do you?? Ben Bernanke can come up with a whole lot of bullshit about oh how US economy is weak and stuff and PEOPLE ACTUALLY BELIEVE his bullshit man... Thats why you can see... for the last couple of Months US has a strong NFP but ever time a strong NFP comes out BEN Bernanke comes out to...
sorry but... what do you mean?
you say price will go down while is going up like there is nothing else to buy around forex market. you say that ben can come and say everything and price will go down, then say that fundies are important....
i don't get what you mean
  • #303,382
  • Mar 13, 2012 10:52am Mar 13, 2012 10:52am
Quoting scramble
sorry but... what do you mean?
you say price will go down while is going up like there is nothing else to buy around forex market. you say that ben can come and say everything and price will go down, then say that fundies are important....
i don't get what you mean
what im saying is... people got to watch out of FOMC later today because A-Speculator been like oh it doesnt matter what ben's gona say...

and yes GBPUSD is retracing some but do you think this move is sustainable without any fundamental backing this move?? do you not see that the movements we are seeing now are big boys playing around before FOMC?? and i did say GBPUSD could potentially retrace to 1.5750 where a fib line meets a downward sloping trend line, now depending on what ben is gona say... IF its QE positive theres a chance we break above that trend line this week...
so i prefer to wait and see what ben has to say about US in the FOMC statement couple of hours later...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.gif Size: 16 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,383
  • Mar 13, 2012 10:57am Mar 13, 2012 10:57am
Quoting bguguen
what im saying is... people got to watch out of FOMC later today because A-Speculator been like oh it doesnt matter what ben's gona say...

and yes GBPUSD is retracing some but do you think this move is sustainable without any fundamental backing this move?? do you not see that the movements we are seeing now are big boys playing around before FOMC?? and i did say GBPUSD could potentially retrace to 1.5750 where a fib line meets a downward sloping trend line, now depending on what ben is gona say... IF its QE positive theres a chance we break above...
I have to agree with you when you say big boys are playing with this pair. They already broke 2 resistance (5650 and 5700), if we see this guy breaking 5750 I will wait for weak retracement before opening LONG. I don't see any bearish sign but we have a very large bullish outside bar, I don't see this kind of PA much so it will be wait n see till FOMC is cleared for me.
  • #303,384
  • Mar 13, 2012 11:02am Mar 13, 2012 11:02am
Quoting bguguen
what im saying is... people got to watch out of FOMC later today because A-Speculator been like oh it doesnt matter what ben's gona say...

and yes GBPUSD is retracing some but do you think this move is sustainable without any fundamental backing this move?? do you not see that the movements we are seeing now are big boys playing around before FOMC?? and i did say GBPUSD could potentially retrace to 1.5750 where a fib line meets a downward sloping trend line, now depending on what ben is gona say... IF its QE positive theres a chance we break above...
uhm ok! ty
personally i like trade actions at levels, i'm not interested in what can or what will happen at a news release. i go long where i see reasons and i go short where i see other reasons.
also don't linke trendlines.
an upmove like this is bit insane.
when price is in retrace i expect it to go slower than this.
yes must be some big playing around, i agree.
let's see then what will happen.

5700 is an area to be visited again before going more up today or tomorrow or next week, who know... so i will probably close my long near here as soon as i see bad price formations.
  • #303,385
  • Mar 13, 2012 11:04am Mar 13, 2012 11:04am
I think big money went short at the break of support and this is a typical illogical cable move which is taking out stops on its way up.

Fundamentally I think we are still short biased. This currency pair is almost as mad as GBP/JPY but not quite.

"3 men arrive in heaven:
The first man walks up to Einstein and says “I have an IQ of 220″. Einstein says “excellent, we can discuss quantum physics!”
The second man approaches and says “I have an IQ of 120″…and Einstein says “that’s great, we can play chess together”
The third man saunters up and says “I have an IQ of 20″…Einstein says “so where’s Cable trading then?”
(from here: http://www.forexlive.com/)
Gone to a better place
  • #303,386
  • Mar 13, 2012 11:04am Mar 13, 2012 11:04am
Quoting PoundTrader
im long at 1.5640, s/l 1.5595, t/p 1.5781
as always i close have my trade at 1.5740 for 100 pips, now i will hold the rest
  • #303,387
  • Mar 13, 2012 11:04am Mar 13, 2012 11:04am
Quoting 0rPhioZ
I have to agree with you when you say big boys are playing with this pair. They already broke 2 resistance (5650 and 5700), if we see this guy breaking 5750 I will wait for weak retracement before opening LONG. I don't see any bearish sign but we have a very large bullish outside bar, I don't see this kind of PA much so it will be wait n see till FOMC is cleared for me.
I personally dont like this move up, it looks highly suspicious... besides EURUSD already met resistance on my MA5 in the H4 chart... i doubt it'll go further... its probably going to consolidate here @1.5720 ish and when FOMC comes up... if its QE NEGATIVE... means no QE in US... we'll see a quick spike to 1.5750 to take out stops above and drop hard as 1.5750 is a downward trend and a fib resistance...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,388
  • Mar 13, 2012 11:05am Mar 13, 2012 11:05am
you guys worry too much about "big boys"
  • #303,389
  • Mar 13, 2012 11:06am Mar 13, 2012 11:06am
Quoting MonsterPips
you guys worry too much about "big boys"

  • #303,390
  • Mar 13, 2012 11:07am Mar 13, 2012 11:07am
Quoting MonsterPips
you guys worry too much about "big boys"
Well Big boys Are the market here... we are small little insects to them who sucks a bit of their blood like a mosquito, time to time we can get away but if the big boys are persistent in hunting us... we get Zapped, Smacked, and Smoked... take your pick...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,391
  • Mar 13, 2012 11:07am Mar 13, 2012 11:07am
Quoting MonsterPips
you guys worry too much about "big boys"
Are they worrying about me again, after all I am 6ft 5.

Just missed my short order

Another attempt at the top from 1.5717, I say.
  • #303,392
  • Mar 13, 2012 11:09am Mar 13, 2012 11:09am
Quoting bguguen
Well Big boys Are the market here... we are small little insects to them who sucks a bit of their blood like a mosquito, time to time we can get away but if the big boys are persistent in hunting us... we get Zapped, Smacked, and Smoked... take your pick...

it doesnt have to be "BIG BOYS" it doesnt have to be anything..market moves u just have to respond..

i wish u good fortune
  • #303,393
  • Mar 13, 2012 11:09am Mar 13, 2012 11:09am
sell order hit @ 57443 / 61% fib

hopefully it won't reverse around 5690 area but keep on going down to 5532.
Attached Image (click to enlarge)
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  • #303,394
  • Mar 13, 2012 11:11am Mar 13, 2012 11:11am
Quoting GDR3k
sell order hit @ 57443 / 61% fib

hopefully it won't reverse around 5690 area but keep on going down to 5532.


Might have another attempt at the top from .5717, although price seems to be turning again now...

Watch out for the FOMC statement! Tighten your stop time!

Long is strong, when it doesn't get back to demand... watch out!
  • #303,395
  • Mar 13, 2012 11:11am Mar 13, 2012 11:11am
Quoting egkid
I posted early reply to u but seems u missed it.
Take care it need to go @57 from 1.56 "That's how i read it and as always i could b wrong but share my view"
This my 2 call here
First one sell@5775

GL Killers
  • #303,396
  • Mar 13, 2012 11:15am Mar 13, 2012 11:15am
still not a short here.
will wait this m30 closing price
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  • #303,397
  • Mar 13, 2012 11:15am Mar 13, 2012 11:15am
Quoting nAVIN2007
it doesnt have to be "BIG BOYS" it doesnt have to be anything..market moves u just have to respond..

i wish u good fortune
Whoa whoa whoa... im sorry to dispute this but as an economics major... i have to disagree with you buddy... Market moves because of Demand and Supply right? thats how price is made... Demand and Supply gives us an equilibrium price and equilibrium quantity right??
Part of the whole Free Market Economy anyways but you do realise... Demand can be easily manipulated if you have the money the more money you have the more you can manipulate the demand....
shifting the demand to the right eventually causing price to go up...

Sooo Big Boys and central banks are the biggest people in forex with hard cash to actually manipulate the demand and supply for a currency... soo it HAS to be someone in order for the market to move my friend...
The only time when an exchange rate doesnt move is if a government controls exchange rate in a fixed exchange rate system.. but at that time there no body to trade it since demand and supply would be determined by the government...

(all and all... market moves because theres someone demanding and someone supplying... and the biggest money gets to move them the most, sorry for being so defensive here but economic theories are too ingrained in my brain to think otherwise)
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,398
  • Mar 13, 2012 11:15am Mar 13, 2012 11:15am
Quoting bbakker


Might have another attempt at the top from .5717, although price seems to be turning again now...

Watch out for the FOMC statement! Tighten your stop time!

Long is strong, when it doesn't get back to demand... watch out!
Definitely, don't like the look of this, the gbp/jpy has broke through this months high aswell
  • #303,399
  • Mar 13, 2012 11:15am Mar 13, 2012 11:15am
Quoting egkid
This my 2 call here
First one sell@5775

GL Killers
I didn't miss it
  • #303,400
  • Mar 13, 2012 11:18am Mar 13, 2012 11:18am
Quoting nAVIN2007
it doesnt have to be "BIG BOYS" it doesnt have to be anything..market moves u just have to respond..

i wish u good fortune
i think you are right!
also the other guy... "monsterpips"

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