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Cable Update (GBPUSD)

  • #308,401
  • Apr 16, 2012 12:41pm Apr 16, 2012 12:41pm
Quoting A-speculator
perhaps, it's not the UK is the problem.. perhaps it's the US.. as i discussed on the weekend, most of the chart indicate USD weakness.. perhaps this is the start of the move..
On a "on the ground" fundamental perspective : I went to USA skiing recently and it is so much better in every way, Ok they have some debt but who doesn't. UK debt-GDP is upwards of 1000%, US - 100%.

There is no way that I would buy this pair unless Ben came out tomorrow and said we are going to print another Trillion. And even then I would be wary.

Either way charts are VERY USD bullish, look at SEK, EUR, CHF all about to break out for another 500 pips.
  • #308,402
  • Apr 16, 2012 12:44pm Apr 16, 2012 12:44pm
Quoting JeremyWS
On a "on the ground" fundamental perspective : I went to USA skiing recently and it is so much better in every way, Ok they have some debt but who doesn't. UK debt-GDP is upwards of 1000%, US - 100%.

There is no way that I would buy this pair unless Ben came out tomorrow and said we are going to print another Trillion. And even then I would be wary.

Either way charts are VERY USD bullish, look at SEK, EUR, CHF all about to break out for another 500 pips.
we will never figured out why the price acting such a way by analyzing fundamental.. we won't have enough privileges to know the truth of every fundamental data, that is why i think it is wise just to stick with the chart and go wherever the price takes us..
  • #308,403
  • Apr 16, 2012 12:45pm Apr 16, 2012 12:45pm
Quoting A-speculator
we will never figured out why the price acting such a way by analyzing fundamental.. we won't have enough privileges to know the truth of every fundamental data, that is why i think it is wise just to stick with the chart and go wherever the price takes us..
Yeah exactly, and to me there isn't a single chart from M1 ot Monthly that looks bullish.
  • #308,404
  • Apr 16, 2012 12:46pm Apr 16, 2012 12:46pm
Quoting JeremyWS
On a "on the ground" fundamental perspective : I went to USA skiing recently and it is so much better in every way, Ok they have some debt but who doesn't. UK debt-GDP is upwards of 1000%, US - 100%.

There is no way that I would buy this pair unless Ben came out tomorrow and said we are going to print another Trillion. And even then I would be wary.

Either way charts are VERY USD bullish, look at SEK, EUR, CHF all about to break out for another 500 pips.

Look at the Gawd Dam USDX.......how is this bearish?

It is finding nice support and will probably find 82 sooner then later.
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I don't trust any move - when you have profit...take it.
  • #308,405
  • Apr 16, 2012 12:47pm Apr 16, 2012 12:47pm
Quoting JeremyWS
Yeah exactly, and to me there isn't a single chart from M1 ot Monthly that looks bullish.
if that's so, maybe Navin dump another 1 trillion in the market..
  • #308,406
  • Apr 16, 2012 12:50pm Apr 16, 2012 12:50pm
Quoting Faller
Look at the Gawd Dam USDX.......how is this bearish?

It is finding nice support and will probably find 82 sooner then later.
umm. I didn't say it was bearish, quite the opposite in fact.
  • #308,407
  • Apr 16, 2012 12:51pm Apr 16, 2012 12:51pm
Quoting A-speculator
if that's so, maybe Navin dump another 1 trillion in the market..
Seriously I emplore you to show a chart that looks bullish.
  • #308,408
  • Apr 16, 2012 12:52pm Apr 16, 2012 12:52pm
someone went long GBP.CHF last night....

I think it was allseeingeye......

how dat work for u?
I don't trust any move - when you have profit...take it.
  • #308,409
  • Apr 16, 2012 12:54pm Apr 16, 2012 12:54pm
Quoting JeremyWS
umm. I didn't say it was bearish, quite the opposite in fact.

oh I never said you did!!!!

I am just saying to everyone that is sooooo bullish on the POUND......if you look at the USDX how is the USDX bearish.......

On same page bro.
I don't trust any move - when you have profit...take it.
  • #308,410
  • Apr 16, 2012 12:54pm Apr 16, 2012 12:54pm
Good day,

Closing longs here...@ 1.5896 and 1.5897

Probably a bit short - could see 1.5910 - but banked.

Regards
  • #308,411
  • Apr 16, 2012 12:55pm Apr 16, 2012 12:55pm
everything needs to go one way before it can go the other way.
I don't trust any move - when you have profit...take it.
  • #308,412
  • Apr 16, 2012 12:58pm Apr 16, 2012 12:58pm
Quoting JeremyWS
Seriously I emplore you to show a chart that looks bullish.
please look at the charts i posted on the weekend.. the market does indicate that it's entering risk on..

actually, the market already gave us hints regarding no more bearish on Friday where:

1) it did't have a follow thru although we've seen quite a momentum in 4h.

2) upon market open with long daily candle, it still have not enough momentum to push the price through 5800

3) daily asc TL is respected, where the price stops today is actually on the TL.

i can give you more on comparative pair analysis but i think i have discussed it on the weekend..
  • #308,413
  • Apr 16, 2012 1:04pm Apr 16, 2012 1:04pm
i think this upmove will meet supply at about 5930 level.. just my 2 cents
  • #308,414
  • Apr 16, 2012 1:06pm Apr 16, 2012 1:06pm
Quoting TauTrader
Good day,

Closing longs here...@ 1.5896 and 1.5897

Probably a bit short - could see 1.5910 - but banked.

Regards
  • #308,415
  • Apr 16, 2012 1:07pm Apr 16, 2012 1:07pm
Quoting Faller
oh I never said you did!!!!

I am just saying to everyone that is sooooo bullish on the POUND......if you look at the USDX how is the USDX bearish.......

On same page bro.
Yeah, good. This a-speculator is probably going to go crazy because we've seen a 70 pip move.

Next, I have no idea how CPI is going to come out tomorrow but £1.50/L fuel is probably going to add to it quite substantially.

The H4 move up was to be expected (stochs crossover) but daily had strong 1.60 rejection, Weekly is super smooth crossover and monthly is a huge bear flag.

The only reason 1.58 didn't go is due to EURUSD holding 1.300 which it won't for long and EURGBP is on the verge of a huge breakout which is only bullish factor (would only break out if EURUSD plummeted to 1.27~ and GBPUSD would also fall to 1.57~ through this. Therefore still bearish.

Lastly, I can't be fucked to find your chart from the weekend, please upload again.
  • #308,416
  • Apr 16, 2012 1:16pm Apr 16, 2012 1:16pm
Quoting JeremyWS
Yeah, good. This a-speculator is probably going to go crazy because we've seen a 70 pip move.

Next, I have no idea how CPI is going to come out tomorrow but £1.50/L fuel is probably going to add to it quite substantially.

The H4 move up was to be expected (stochs crossover) but daily had strong 1.60 rejection, Weekly is super smooth crossover and monthly is a huge bear flag.

The only reason 1.58 didn't go is due to EURUSD holding 1.300 which it won't for long and EURGBP is on the verge of a huge breakout which is only bullish factor (would only...
you're not trying hard enough mate..

this is the analysis i posted regarding the start of USD weakness

http://www.forexfactory.com/showthread.php?p=5571620#post5571620
  • #308,417
  • Apr 16, 2012 1:16pm Apr 16, 2012 1:16pm
Quoting JeremyWS
Yeah, good. This a-speculator is probably going to go crazy because we've seen a 70 pip move.

Next, I have no idea how CPI is going to come out tomorrow but £1.50/L fuel is probably going to add to it quite substantially.

The H4 move up was to be expected (stochs crossover) but daily had strong 1.60 rejection, Weekly is super smooth crossover and monthly is a huge bear flag.

The only reason 1.58 didn't go is due to EURUSD holding 1.300 which it won't for long and EURGBP is on the verge of a huge breakout which is only bullish factor (would...
While you guys keep speaking Cable go down I went long again yesterday with 2 lots @1.5836 and I just closed again @1.5903.

Second week with great pips on longing cable.
  • #308,418
  • Apr 16, 2012 1:26pm Apr 16, 2012 1:26pm
Possible supply area are the three arrows on my chart.. 5900 is the critical price for a more bullish pressure..

if the price manage to close above it, i think cable will have more exposure to the upside..
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  • #308,419
  • Apr 16, 2012 1:31pm Apr 16, 2012 1:31pm
Quoting TauTrader
Good day to you,

We have to test ourselves... it's part of life. But here is what I think of your trade:

thanks brother!!
  • #308,420
  • Apr 16, 2012 1:33pm Apr 16, 2012 1:33pm
Quoting Leeson
While you guys keep speaking Cable go down I went long again yesterday with 2 lots @1.5836 and I just closed again @1.5903.

Second week with great pips on longing cable.
Good trade and You are right, I need to focus more on levels and PA and less on forecasting.
There was nice bullish PA about 2.5 hours ago in an uptrend that had cleared an important level. But I was not alert to take it.

What triggered you to go long yesterday?
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Thanks for all the fish
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