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Cable Update (GBPUSD)

  • #309,861
  • Apr 26, 2012 3:03am Apr 26, 2012 3:03am
Maybe someone smarter then me can answer this.....

When I look at the Pound crosses - especially gbp.cad - I see that gbp has been selling hard -

with USD.CAD being only 200 pips from par....

How can GBP.CAD be at 1.5895

and GBP.USD be at 1.6200

which is a 300 pip difference.

Thanks....
I don't trust any move - when you have profit...take it.
  • #309,862
  • Apr 26, 2012 3:05am Apr 26, 2012 3:05am
Quoting Flynchenberg
My account can withstand with a move up to 1.65 I believe.

But the thing is I will have to heavy leverage the short position then.

And I do not like and use leverage more then 50:1 which is extreme for me, LOL.

Oh well, another one bites the dust.

Seb
well i hope we both see light..i dont fancy a run down the hill again..not good for meh heart
  • #309,863
  • Apr 26, 2012 3:08am Apr 26, 2012 3:08am
Quoting Faller
Maybe someone smarter then me can answer this.....

When I look at the Pound crosses - especially gbp.cad - I see that gbp has been selling hard -

with USD.CAD being only 200 pips from par....

How can GBP.CAD be at 1.5895

and GBP.USD be at 1.6200

which is a 300 pip difference.

Thanks....

i cannot answer this but cable is up because usd has been weaker..i dunno if this answers yur question

gbp strength is weakened big time but dollar broke wind too
  • #309,864
  • Apr 26, 2012 3:10am Apr 26, 2012 3:10am
Quoting nAVIN2007
i see yur point but think the point of saying is:- "its what i think ok? - so take a chill pill "
I was seriously just kidding bro, I don't worry about these little preferences.
Come with me if you want to live....
  • #309,865
  • Apr 26, 2012 3:13am Apr 26, 2012 3:13am
Quoting Faller
Maybe someone smarter then me can answer this.....

When I look at the Pound crosses - especially gbp.cad - I see that gbp has been selling hard -

with USD.CAD being only 200 pips from par....

How can GBP.CAD be at 1.5895

and GBP.USD be at 1.6200

which is a 300 pip difference.

Thanks....
c'mon mate!
usd cad = 0.9800 now.

USD weaker than CAD

or if you prefer.. CAD stronger than USD
90% of traders use TA, indicators and prediction
  • #309,866
  • Apr 26, 2012 3:14am Apr 26, 2012 3:14am
http://www.actionforex.com/markets/d...2010032173360/

Where I like to check volatility.Underlying trend is for weak dollar and weak pound against the cad. But the loonie I gave up trading years ago- it makes less sense than cable when it come to fundamentals and price. Especially when it comes to using the loonie in cross rates to try and predict moves in the majors- don't try there really is no correlation for loonie moves- its just crazy.
  • #309,867
  • Apr 26, 2012 3:14am Apr 26, 2012 3:14am
Quoting Flynchenberg
I wish I had lisened to Navin2007 , LOL.

Not a single day of retracment so I can kill some of my shorts, fuck....

Clear Banks manipulation, they are buying in expectations of millions of people on Olympics will spend billions of ££££ for stupid cheap crap they want to sell so thay winding the prices up.


Yeah, like 5M of uneployed Spanish blokes will come and spend money they do not have for things they do not need to impress the people they do not like.

Yeah, people are people...

let me use an analogy:- guy goes to a bar or club spends 5 times the price of a beer or spirit or whatever..
people who fly to a country for olympics ..first off they have money, secondly they want a good time..its an experience..they gonna pay also london is considered expensive city..its a no brainer..people will pay!!!

im bullshiting but it does make sense
  • #309,868
  • Apr 26, 2012 3:15am Apr 26, 2012 3:15am
Quoting Faller
Maybe someone smarter then me can answer this.....

When I look at the Pound crosses - especially gbp.cad - I see that gbp has been selling hard -

with USD.CAD being only 200 pips from par....

How can GBP.CAD be at 1.5895

and GBP.USD be at 1.6200

which is a 300 pip difference.

Thanks....


First chart....GBP.CAD

Second chart....GBP.USD

both charts are 60 min charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.cad2.jpg Size: 138 KB
Click to Enlarge Name: gbp.usd2.jpg Size: 123 KB
I don't trust any move - when you have profit...take it.
  • #309,869
  • Apr 26, 2012 3:17am Apr 26, 2012 3:17am
We can see on our screens that today the pair moves near a strong resistance line of 1.61743 level. If the price strikes this level then Bulls become stronger. And minimum aim to them becomes the level 1.62048. If the pair moves with bears then I'll sell at the level of 1.61438. Aims of bearish trend are 1.61133, 1.60522.
  • #309,870
  • Apr 26, 2012 3:20am Apr 26, 2012 3:20am
Quoting nAVIN2007
let me use an analogy:- guy goes to a bar or club spends 5 times the price of a beer or spirit or whatever..
people who fly to a country for olympics ..first off they have money, secondly they want a good time..its an experience..they gonna pay also london is considered expensive city..its a no brainer..people will pay!!!

im bullshiting but it does make sense
They have money, Nav?

This is my big problem here.

oh well, what the hell do I know anyway...


Seb
  • #309,871
  • Apr 26, 2012 3:21am Apr 26, 2012 3:21am
...because relatively the market believes the £ to be stronger against the cad $ than the u.s $ - it's that simple - ie it believes the factors affecting the U.s and Cad -and- Uk to be broadly more in favour of Uk at the moment than the U.s. But on technical level we don't have to know - we just trade what we see.

On a wider note - since 2008 the old rules don't apply in many cases and this is beacuse that for everyone we are in unchrtered waters - thru the looking glass where black is white and white is black or at least it can be.

The don't call cad the loonie for nothing - it is also a so called commdity currency due to it's historical correkation with oil so this again skews the correlations

G/L

Quoting Faller
Maybe someone smarter then me can answer this.....

When I look at the Pound crosses - especially gbp.cad - I see that gbp has been selling hard -

with USD.CAD being only 200 pips from par....

How can GBP.CAD be at 1.5895

and GBP.USD be at 1.6200

which is a 300 pip difference.

Thanks....
ex member
  • #309,872
  • Apr 26, 2012 3:24am Apr 26, 2012 3:24am
Quoting Flynchenberg
They have money, Nav?

This is my big problem here.

oh well, what the hell do I know anyway...


Seb
chin up m8..
  • #309,873
  • Apr 26, 2012 3:25am Apr 26, 2012 3:25am


Quoting nAVIN2007
chin up m8..
  • #309,874
  • Apr 26, 2012 3:29am Apr 26, 2012 3:29am
Quoting bbmac
...because relatively the market believes the £ to be stronger against the cad $ than the u.s $ - it's that simple - ie it believes the factors affecting the U.s and Cad -and- Uk to be broadly more in favour of Uk at the moment than the U.s. But on technical level we don't have to know - we just trade what we see.

On a wider note - since 2008 the old rules don't apply in many cases and this is beacuse that for everyone we are in unchrtered waters - thru the looking glass where black is white and white is black or at least it can be.

The don't...

Thanks....was just curious as to others thoughts - thanks for taking the time to respond.

Faller.
I don't trust any move - when you have profit...take it.
  • #309,875
  • Apr 26, 2012 3:30am Apr 26, 2012 3:30am
what I don't get is that all those who have been shortting this thing all the way up to current 6205 hi - why ? on what basis ? it sure wasn't on the technicals which were clearly bullish on 4hr and daily and most of time on 1hr too- so if on the fundamentals why then did they not get out whan price action did not confirm their analysis instead of keep on shorting against what the market was tellinng them ?

it's a serious question - I'm not critising I'm just curious.

G/L
ex member
  • #309,876
  • Apr 26, 2012 3:31am Apr 26, 2012 3:31am
Dollar losing strength across other pairs, funny that
Come with me if you want to live....
  • #309,877
  • Apr 26, 2012 3:32am Apr 26, 2012 3:32am
Quoting bbmac
what I don't get is that all those who have been shortting this thing all the way up to current 6205 hi - why ? on what basis ? it sure wasn't on the technicals which were clearly bullish on 4hr and daily and most of time on 1hr too- so if on the fundamentals why then did they not get out whan price action did not confirm their analysis instead of keep on shorting against what the market was tellinng them ?

it's a serious question - I'm not critising I'm just curious.

G/L
Strange huh
Come with me if you want to live....
  • #309,878
  • Apr 26, 2012 3:34am Apr 26, 2012 3:34am
posting hourly levels before disappearing again.
hopefully market will keep staying in this nice uptrend.

since i started trading the most beautiful thing to trade is a trend!
it' funny to see how things changes in few years!

4years ago trading any pair in a trend was great.
today when there is a trend, people to find the reason of the trend and meanwhile open counter trend positions and things like those.



good luck!!!!!!!
byebye
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 75 KB
90% of traders use TA, indicators and prediction
  • #309,879
  • Apr 26, 2012 3:44am Apr 26, 2012 3:44am
Quoting bbmac
what I don't get is that all those who have been shortting this thing all the way up to current 6205 hi - why ? on what basis ? it sure wasn't on the technicals which were clearly bullish on 4hr and daily and most of time on 1hr too- so if on the fundamentals why then did they not get out whan price action did not confirm their analysis instead of keep on shorting against what the market was tellinng them ?

it's a serious question - I'm not critising I'm just curious.

G/L
1. My EW count indicated a possible end of a wave E and then break out of a weekley triangle - did not work yet.
2. GDP bad numbers ( i wanted like 500 pip sell off) - yeah, did not work.
3. Supply area @ 1.6180 - did not work.
4. Waiting for a retracment after 7 days of advance - did not work.

First 4 i came up with...


Seb
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-weekly-3-31-121.jpg Size: 148 KB
  • #309,880
  • Apr 26, 2012 3:44am Apr 26, 2012 3:44am
Well, Nav may be onto to something if price breaks north of the 1.62 region.

Large wedge as demarcated by the magenta TLs gives a top edge in the 1.65 region.

I go long for the punt.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu_w.gif Size: 32 KB
Click to Enlarge Name: gu_d.gif Size: 40 KB
Click to Enlarge Name: gu_4hr.gif Size: 35 KB
Click to Enlarge Name: gu_1hr.gif Size: 29 KB
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