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Cable Update (GBPUSD)

  • #323,861
  • Sep 7, 2012 7:53am Sep 7, 2012 7:53am
Quoting redbeben
this is what happens when you listen to lil angels

we'll see now if it holds to the first testing....
actually boths fundies and techs are right... BAD NFP thats bad news for US... so EURUSD up...
Europe getting strong comittment to bond purchases thats Euro strength hence EURUSD up...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #323,862
  • Sep 7, 2012 7:54am Sep 7, 2012 7:54am
chart now
Attached Image (click to enlarge)
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  • #323,863
  • Sep 7, 2012 7:54am Sep 7, 2012 7:54am
Quoting redbeben
sold GU @ 1.5988 TP 15 pips and will trail to 1.5960 area if possible
LOL, exactly the same - cable's been so weak, and QE3 imminent? too much uncertainty, I am done. Have a good weekend everyone.
  • #323,864
  • Sep 7, 2012 7:55am Sep 7, 2012 7:55am
Quoting redbeben
this is what happens when you listen to lil angels

we'll see now if it holds to the first testing....
The trend is a better friend!
  • #323,865
  • Edited 8:15am Sep 7, 2012 8:03am | Edited 8:15am
Quoting bguguen
actually boths fundies and techs are right... BAD NFP thats bad news for US... so EURUSD up...
Europe getting strong comittment to bond purchases thats Euro strength hence EURUSD up...
Sure, very well possible. Strong commitment to bond purchases might have caused it. Another one might say that the "Japanese names join the EUR/CHF buying bonanza" might have caused more EUR strength in the morning than GBP today. Another major group saw some further technical bullish potential in EUR/GBP.

To each their own reasons and interpretations. Who knows what in the end caused it.

Edit: perhaps them all combined ;-)
  • #323,866
  • Sep 7, 2012 8:14am Sep 7, 2012 8:14am
Missed ej short for 98.95...

http://imageshack.us/photo/my-images/339/ejshort.jpg/
The trend is a better friend!
  • #323,867
  • Sep 7, 2012 8:23am Sep 7, 2012 8:23am
Quoting nAVIN2007
do u still have your sell position?
Actually Nav, it was on Wednesdays small dip that I closed out my shorts, not last week.

I destroyed my short term memory at the University bar I'm afraid, it's a wonder I remember to get out of bed some days

Off to bed
Come with me if you want to live....
  • #323,868
  • Sep 7, 2012 8:26am Sep 7, 2012 8:26am
No one is buying dollar at this time...swim with the sharks and u will live.
The trend is a better friend!
  • #323,869
  • Sep 7, 2012 8:37am Sep 7, 2012 8:37am
ruuunnnnnnn
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  • #323,870
  • Sep 7, 2012 8:41am Sep 7, 2012 8:41am
1.5960-65 new stop down

lower 1.5947 and lower 1.5931
  • #323,871
  • Sep 7, 2012 8:47am Sep 7, 2012 8:47am
Quoting redbeben
1.5960-65 new stop down

lower 1.5947 and lower 1.5931
Why are you selling this market redbeben? Monthly up, Weekly up, Daily up, H4 up and no indication, just yet, of reversal.
The trend is a better friend!
  • #323,872
  • Sep 7, 2012 8:56am Sep 7, 2012 8:56am
Quoting 42uNe
Why are you selling this market redbeben? Monthly up, Weekly up, Daily up, H4 up and no indication, just yet, of reversal.
I can't help it

I am scalping all I see and take all I can

look at EU last sell 1.2770

20 pips up already and targetting 1.2710-2695 as last TP where I would buy again if charts show me this.

also short on AUD for 100 pips TP

what can I do? monthly chart and weekly are all bears and important ones

maybe I'll get a discount price of 1.62 on GU to short the hell out of it

1.5767 is the line in the sand for the buys or sells acc to my charts

but I use diff kind of charts so .....
  • #323,873
  • Sep 7, 2012 9:02am Sep 7, 2012 9:02am
Quoting redbeben
I can't help it

I am scalping all I see and take all I can

look at EU last sell 1.2770

20 pips up already and targetting 1.2710-2695 as last TP where I would buy again if charts show me this.

also short on AUD for 100 pips TP

what can I do? monthly chart and weekly are all bears and important ones

maybe I'll get a discount price of 1.62 on GU to short the hell out of it

1.5767 is the line in the sand for the buys or sells acc to my charts

but I use diff kind of charts so .....
I see...I am focusing on buying the dips, especially on pound and euro which have been buying since June. I understand a scalp at 1.6000/1.6040 but below is wacky to me.
I see your rationale behind the Aussie short though, expecting it to go back to 1.0220.

Holding pound long and buying dips.
The trend is a better friend!
  • #323,874
  • Sep 7, 2012 9:07am Sep 7, 2012 9:07am
Quoting 42uNe
I see...I am focusing on buying the dips, especially on pound and euro which have been buying since June. I understand a scalp at 1.6000/1.6040 but below is wacky to me.
I see your rationale behind the Aussie short though, expecting it to go back to 1.0220.

Holding pound long and buying dips.
well I've been holding my longs on GU today.remember I said I'll SL @ 1.5920 so they are still open

but I trade both ways taking all the trades I see.
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  • #323,875
  • Sep 7, 2012 9:09am Sep 7, 2012 9:09am
Quoting redbeben
well I've been holding my longs on GU today.remember I said I'll SL @ 1.5920 so they are still open

but I trade both ways taking all the trades I see.
Got you. Yet to appreciate scalping but got you.
The trend is a better friend!
  • #323,876
  • Sep 7, 2012 9:15am Sep 7, 2012 9:15am
And FXCM chokes at a crucial time. O brother
The trend is a better friend!
  • #323,877
  • Sep 7, 2012 9:16am Sep 7, 2012 9:16am
Quoting 42uNe
And FXCM chokes at a crucial time. O brother
Live again!
The trend is a better friend!
  • #323,878
  • Sep 7, 2012 9:33am Sep 7, 2012 9:33am
Quoting uksnowman
Here is my short-medium term view of a 4h zoomed out chart to see the demand/supply zones.

Would like to see a pullback to point A, then test and break through point B and final TP at point C. Will be glad to see other's insights of similar timeframe.
Updated from 2 weeks ago. Still looking good, no heavy shorting for me yet until 6050 or above
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  • #323,879
  • Sep 7, 2012 9:35am Sep 7, 2012 9:35am
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
  • #323,880
  • Sep 7, 2012 9:38am Sep 7, 2012 9:38am
Quoting uksnowman
Updated from 2 weeks ago. Still looking good, no heavy shorting for me yet until 6050 or above

great calls my friend not seen you in a while.

i think alot of bears looking to enter the market at 1.6050

maybe not enough to turn this around though until 1.63
Money never sleeps...
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