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Cable Update (GBPUSD)

  • #331,201
  • Nov 29, 2012 6:19am Nov 29, 2012 6:19am
Quoting openyoureyes
i shorted gbp/aud laat night, lost 400pips and still raising..

imho gbp will break its shackles and will go top hard when us markets open.
for sure markets will rally, and usd will drop.
About gbp, today it's loosing ground against eur and chf, and is not strong at all against the other pairs.
So untill the gbp sentiment change, any rally would be weak, but anything can change at anytime
  • #331,202
  • Nov 29, 2012 6:41am Nov 29, 2012 6:41am
Quoting bbmac
absolutely but I would argue that declining average pip ranges which are a function of declining actual pip ranges make it more difficult for most to achieve that.

G/L

the spread alone makes this almost impossible..definitely not easy
  • #331,203
  • Nov 29, 2012 6:55am Nov 29, 2012 6:55am
Quoting nAVIN2007
the spread alone makes this almost impossible..definitely not easy

lets short this fooooker
Loosening is not an option
  • #331,204
  • Nov 29, 2012 7:20am Nov 29, 2012 7:20am
ok looks like maybe we getting some movement now
  • #331,205
  • Nov 29, 2012 7:21am Nov 29, 2012 7:21am
Quoting alex1976
ok looks like maybe we getting some movement now

yes indeed
Loosening is not an option
  • #331,206
  • Nov 29, 2012 7:29am Nov 29, 2012 7:29am
Quoting Vilkas
yes indeed

6054 in sight
  • #331,207
  • Nov 29, 2012 7:34am Nov 29, 2012 7:34am
Quoting alex1976
6054 in sight
1.59050
Loosening is not an option
  • #331,208
  • Nov 29, 2012 7:39am Nov 29, 2012 7:39am
There are also constraints in the very short-term, with a 2-week demand line moving up towards a 2-month supply line, which is likely to force the issue in the next few days. Despite the month-end, we may have to wait until next week (especially with the undramatic data just released), but either way, this is the calm before the storm.

edit: This chart a few hours old, and 1st supply line breached, but the biggie still awaits...
Attached Image (click to enlarge)
Click to Enlarge Name: 121129 GU.png Size: 29 KB
  • #331,209
  • Nov 29, 2012 7:53am Nov 29, 2012 7:53am
Quoting FX Wolf
i think 6060 or 6140?
I just did.
  • #331,210
  • Nov 29, 2012 8:13am Nov 29, 2012 8:13am
triple top in cable?
  • #331,211
  • Nov 29, 2012 8:19am Nov 29, 2012 8:19am
this has been a shitty week
  • #331,212
  • Nov 29, 2012 9:08am Nov 29, 2012 9:08am
Quoting CasperTrader
I just did.
did what?
Wolves don't lose any sleep over the opinion of the sheep.
  • #331,213
  • Nov 29, 2012 9:15am Nov 29, 2012 9:15am
Quoting FX Wolf
did what?
Ooops! I meant short.
  • #331,214
  • Nov 29, 2012 9:21am Nov 29, 2012 9:21am
b u y t h e d i p
  • #331,215
  • Nov 29, 2012 9:23am Nov 29, 2012 9:23am
Quoting tunera
b u y t h e d i p
eheheh more like short the spike
GOOD housing news means, NO NEED for Extended QE3, meaning less money to print, meaning USD strength
Also good PENDING housing, would stir up employment in constructions, and the FED is wanting to lower unemployment via QE3, if housing market rebounds hard enough... the Unemployment rate in US would drop. and bring strength to the US Dollar....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,216
  • Nov 29, 2012 9:29am Nov 29, 2012 9:29am
Quoting fxtyrant
eheheh more like short the spike
GOOD housing news means, NO NEED for Extended QE3, meaning less money to print, meaning USD strength
Also good PENDING housing, would stir up employment in constructions, and the FED is wanting to lower unemployment via QE3, if housing market rebounds hard enough... the Unemployment rate in US would drop. and bring strength to the US Dollar....
eheh, i just write here for make good, of course short the spike short the spike, ppl are shorting the spike for 2 weeks, and the trend remain bullish, just take care!
  • #331,217
  • Nov 29, 2012 9:31am Nov 29, 2012 9:31am
Quoting tunera
b u y t h e d i p
Already did
Numbers NEVER Lie
  • #331,218
  • Nov 29, 2012 9:32am Nov 29, 2012 9:32am
Is anybodys techs proving to be bollocks today or is it just mine?
Trading comes quickly, patience and discipline does not!
  • #331,219
  • Nov 29, 2012 9:32am Nov 29, 2012 9:32am
Quoting tunera
eheh, i just write here for make good, of course short the spike short the spike, ppl are shorting the spike for 2 weeks, and the trend remain bullish, just take care!
well for one thing i can say, the shorter term trend is up but i trade the daily chart and you cant deny ever since the highs of 1.63, we havent been creating higher highs up there...
medium term i expect to see 1.58 on the GBPUSD... long term? 1.52, besides why do you think everyone is shouting Short the spike?
go look at oanda and they will tell you that retail traders are still NET LONG GBPUSD, reason why im staying short....

i mean you can make money longing, but i am riding the bear train for the Long haul baby.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,220
  • Nov 29, 2012 9:34am Nov 29, 2012 9:34am
Quoting Daddypips
Is anybodys techs proving to be bollocks today or is it just mine?
I dunno, this is the chart im looking at, maybe this would help you....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 23 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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