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Cable Update (GBPUSD)

  • #323,841
  • Sep 7, 2012 6:29am Sep 7, 2012 6:29am
still holding
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  • #323,842
  • Sep 7, 2012 6:32am Sep 7, 2012 6:32am
Quoting nAVIN2007
we going down cause (i think) cable is capped this week at around 1.6..many longed at the time of news release this move is to hold up ad take the other longs out of the picture..

think like a big fish who wants other peoples money
retest breakout area so after news it flies id imagine..however u have to love the creative of this folks..lol
We could be capped brother with a little more room to move perhaps after a retest??

Or a breakthrough?

Breakdown?
PT reckons there will be a 300 pip move today.

Which way?
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Come with me if you want to live....
  • #323,843
  • Sep 7, 2012 6:32am Sep 7, 2012 6:32am
Quoting Robertk
Cable is going down because its the weaker cross of the two majors. Just watch how EUR/GBP exploded. 1 hour ago there was short term dollar strength kicking in as shown on DXY. However, EUR kept rising when GBP kept falling. EUR/CHF is the reason EUR is the stronger cross in EUR/GBP. Once EUR/CHF shows some exhaustion we should see a huge sell off on EUR/USD if dollar strength kicks in again...
Actually a lot of people could come in and disagree with you that EURO is the weaker pair, EURUSD might be moving up when GBPUSD is slow to rise is simply because of an overdue correction up to 0.8
for me... EURUSD is capable of flying up to 1.28xx while GBPUSD is flying up to 1.61xx max... these will be resistance of which i expect EURUSD and GBPUSD to meet at the same time....
only thing is GBPUSD has been acting far too strong, moving up when eurusd moves down, soo when eurusd moves up, gbpusd moves up slower... makes sense....
As for me.... i would like to say that the EURUSD is a extended and over exagerated pair of the GBPUSD.....
GBPUSD falls 50 pips and EURUSD falls 200 pips,
GBPUSD moves up 50 pips and EURUSD moves up 200 pips....
i would say that Volatility on the EURUSD is higher than the volatility of GBPUSD... but they both have the same direction most of the time
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,844
  • Sep 7, 2012 6:34am Sep 7, 2012 6:34am
Had opened a long some minutes ago on cable. EUR/GBP still got a good boost unfortunately. Should have chosen EUR after all short term...

http://i45.tinypic.com/2w52hdc.jpg
  • #323,845
  • Sep 7, 2012 6:37am Sep 7, 2012 6:37am
Quoting redbeben
can i have that now ? 1.2714 missed by 3 pips

that was my target

now I need it to drop like hell as if it continues up above 1.2760 area we have non stop climb to 1.30

moment of truth now
  • #323,846
  • Sep 7, 2012 6:56am Sep 7, 2012 6:56am
Still long pound...
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The trend is a better friend!
  • #323,847
  • Sep 7, 2012 7:01am Sep 7, 2012 7:01am
Quoting walkman
GU on a buy place lets look on smaller TF


buy 15925 half
  • #323,848
  • Sep 7, 2012 7:06am Sep 7, 2012 7:06am
Quoting bguguen
Actually a lot of people could come in and disagree with you that EURO is the weaker pair, EURUSD might be moving up when GBPUSD is slow to rise is simply because of an overdue correction up to 0.8
for me... EURUSD is capable of flying up to 1.28xx while GBPUSD is flying up to 1.61xx max... these will be resistance of which i expect EURUSD and GBPUSD to meet at the same time....
only thing is GBPUSD has been acting far too strong, moving up when eurusd moves down, soo when eurusd moves up, gbpusd moves up slower... makes sense....
As for me.......
Missed your earlier post, sorry for not responding Bg . Well, EUR/CHF just went down with a pretty decent move. EUR/GBP followed soon after with an "okay" short term down move. I am really hoping for DXY to gain some bullish momentum. It would trigger some good EUR/USD downwards corrections.

How else would you explain dollar being at its daily low when EUR/USD is still being bearish these last minutes? Its all thanks due EUR/GBP & CHF dropping.
  • #323,849
  • Sep 7, 2012 7:10am Sep 7, 2012 7:10am
Quoting redbeben
moment of truth now
'ruunnnnn,take the profit and ruunnnnnnn you idiot,runnnnnnn'' said the lil angel on my right shoulder.

''keep it there bro,you're the man,you're the best dude,hang on to the shorts,yeah baby,yeah,you know the rules,all the way to 1.2390 bottom''


leave me alone you two,leave me aloneeeeeee

alonneeeeeeeeeeee,go away from me

my only real liberty is the liberty of choice.I am free to choose whatever I want and nobody can take this away from me.
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  • #323,850
  • Sep 7, 2012 7:12am Sep 7, 2012 7:12am
Quoting Robertk
Missed your earlier post, sorry for not responding Bg . Well, EUR/CHF just went down with a pretty decent move. EUR/GBP followed soon after with an "okay" short term down move. I am really hoping for DXY to gain some bullish momentum. It would trigger some good EUR/USD downwards corrections.

How else would you explain dollar being at its daily low when EUR/USD is still being bearish these last minutes? Its all thanks due EUR/GBP & CHF dropping.
not to sound harsh but are you blind?? EURUSD is not BEARISH at all.... USD strength is transfered to EURO because of Europes good news commitment towards Bond Purchases....
now you may ask why is EURUSD up and GBPUSD down when they are normally moving together as they're both risk pairs... Welll thats GBP losing strength to EURO, Brits are moving their money to Europe on renewed european hopes...

Risk is Also on... Why?? oh Gold is rising, US futures are up sooo its normal for US dollar to lose strength as they move their strength to Europe for the optimism... and to be honest with you... if NFP comes up bad... i wont be surprise to see 1.28 today for the EURUSD....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,851
  • Sep 7, 2012 7:13am Sep 7, 2012 7:13am
Quoting redbeben
'ruunnnnn,take the profit and ruunnnnnnn you idiot,runnnnnnn'' said the lil angel on my right shoulder.

''keep it there bro,you're the man,you're the best dude,hang on to the shorts,yeah baby,yeah,you know the rules,all the way to 1.2390 bottom''


leave me alone you two,leave me aloneeeeeee

alonneeeeeeeeeeee,go away from me

my only real liberty is the liberty of choice.I am free to choose whatever I want and nobody can take this away from me.

Funny! But it so true Wish u luck
Go figure.. Simplicity work
  • #323,852
  • Sep 7, 2012 7:14am Sep 7, 2012 7:14am
Quoting redbeben
'ruunnnnn,take the profit and ruunnnnnnn you idiot,runnnnnnn'' said the lil angel on my right shoulder.

''keep it there bro,you're the man,you're the best dude,hang on to the shorts,yeah baby,yeah,you know the rules,all the way to 1.2390 bottom''


leave me alone you two,leave me aloneeeeeee

alonneeeeeeeeeeee,go away from me

my only real liberty is the liberty of choice.I am free to choose whatever I want and nobody can take this away from me.
haha...well I will listen to the the lil angel on your right shoulder...taking profit here on eur.
The trend is a better friend!
  • #323,853
  • Sep 7, 2012 7:17am Sep 7, 2012 7:17am
Quoting bguguen
not to sound harsh but are you blind?? EURUSD is not BEARISH at all.... USD strength is transfered to EURO because of Europes good news commitment towards Bond Purchases....
now you may ask why is EURUSD up and GBPUSD down when they are normally moving together as they're both risk pairs... Welll thats GBP losing strength to EURO, Brits are moving their money to Europe on renewed european hopes...

Risk is Also on... Why?? oh Gold is rising, US futures are up sooo its normal for US dollar to lose strength as they move their strength to Europe for...
I was talking about EUR/USD being bearish short term one minute. I am scalping one minute charts. Like I mentioned before. The dollar index was being at its daily lows when EUR/USD did not went bullish one bit. It went down instead.

Dollar weakness, yet euro dropping. Cable rising. EUR/GBP hit a significant resistance confluence zone among with EUR/CHF dropping. GBP therefore being the stronger one. Do you understand what I am saying?

I am not blind, you most likely didn't saw this short term bearish movement on EUR/USD because you are trading higher TF's. Besides that we are apparently viewing the market in different ways. That's all.
  • #323,854
  • Sep 7, 2012 7:27am Sep 7, 2012 7:27am
Quoting Robertk
I was talking about EUR/USD being bearish short term one minute. I am scalping one minute charts. Like I mentioned before. The dollar index was being at its daily lows when EUR/USD did not went bullish one bit. It went down instead.

Dollar weakness, yet euro dropping. Cable rising. EUR/GBP hit a significant resistance confluence zone among with EUR/CHF dropping. GBP therefore being the stronger one. Do you understand what I am saying?

[b]I am not blind, you most likely didn't saw this short term bearish movement on EUR/USD because you are trading...
No offense intended, sorry didnt know you were a scalper... id recommend to stay away cuz NFP about to happen soon.... and things'll be interesting.... but taken into account EURUSD is bound upwards to 1.28
and GBPUSD is bound upwards to 1.61, EURGBP is bound upwards to 0.8150 AUDUSD is hmmmm welll AUD.... its reached my targets soooo i cant say where its gona go to next...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,855
  • Sep 7, 2012 7:42am Sep 7, 2012 7:42am
Quoting 42uNe
Euro nearing my first tp . Will see what happens at this 1.2725 level.
And euro hits my first tp, after I closed 35pips earlier.
The trend is a better friend!
  • #323,856
  • Sep 7, 2012 7:43am Sep 7, 2012 7:43am
Quoting bguguen
not to sound harsh but are you blind?? EURUSD is not BEARISH at all.... USD strength is transfered to EURO because of Europes good news commitment towards Bond Purchases....
now you may ask why is EURUSD up and GBPUSD down when they are normally moving together as they're both risk pairs... Welll thats GBP losing strength to EURO, Brits are moving their money to Europe on renewed european hopes...

[b]Risk is Also on... Why?? oh Gold is rising, US futures are up sooo its normal for US dollar to lose strength as they move their strength to Europe...
Like i said... BAD NFP and we are just 50 pips away from 1.28 and the day is still young in NY...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,857
  • Sep 7, 2012 7:48am Sep 7, 2012 7:48am
Quoting bguguen
Like i said... BAD NFP and we are just 50 pips away from 1.28 and the day is still young in NY...
Yeah too bad I made the wrong choice when choosing between EUR or GBP on the trade previous page. I would have not been stopped out on my possible NFP runner after closing the position partially if EUR/GBP didn't decide to go further bullish. Oh well, happens

gl there
  • #323,858
  • Sep 7, 2012 7:49am Sep 7, 2012 7:49am
Quoting 42uNe
And euro hits my first tp, after I closed 35pips earlier.
this is what happens when you listen to lil angels

we'll see now if it holds to the first testing....
  • #323,859
  • Sep 7, 2012 7:50am Sep 7, 2012 7:50am
Quoting bguguen
Like i said... BAD NFP and we are just 50 pips away from 1.28 and the day is still young in NY...
So, fundies right or technicals ???

I called this opinion and knowledge.

I agree with you in 1.61???
good luck
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #323,860
  • Sep 7, 2012 7:51am Sep 7, 2012 7:51am
sold GU @ 1.5988 TP 15 pips and will trail to 1.5960 area if possible
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