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Cable Update (GBPUSD)

  • #331,801
  • Dec 6, 2012 3:57am Dec 6, 2012 3:57am
Quoting A-speculator
if we could get ucad to trade below 9900, then today's low will be the lowest we can get from cable.. and we might not even see 6060 for sometime i reckon..
very good.. I think sustained dailies below .9920 will do..

Long distance flying with the great Canadian Geese is quite frustrating in recent years..
Had been holding this for the last 2 weeks.. waiting for the bird to touch down at the .9888~.9788 landing pads..

Attached Image (click to enlarge)
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  • #331,802
  • Dec 6, 2012 4:21am Dec 6, 2012 4:21am
gbusd no one can find answer what happen because it is directly going up with usdchf
i dont know why that workdirectly or not work inverse any body have answer
  • #331,803
  • Dec 6, 2012 4:23am Dec 6, 2012 4:23am
Quoting cdndollar
very good.. I think sustained dailies below .9920 will do..

Long distance flying with the great Canadian Geese is quite frustrating in recent years..
Had been holding this for the last 2 weeks.. waiting for the bird to touch down at the .9888~.9788 landing pads..

Attachment
imho, with just sustained trading below 9920 is not good enough.. we must have confirmed breakout of 9900 and sustained trading below it..
  • #331,804
  • Dec 6, 2012 4:26am Dec 6, 2012 4:26am
Quoting PskovFX
I don't trade ucad at present. Too narrow trade range, isn't enough opportunities for earnings
that can be cross pair analysis mate..
  • #331,805
  • Dec 6, 2012 4:46am Dec 6, 2012 4:46am
Quoting usman ashraf
gbusd no one can find answer what happen because it is directly going up with usdchf
i dont know why that workdirectly or not work inverse any body have answer
you can roughly compare cable with any other commodity currency mate.. with that you might have the general idea behind the move. swissy is more closely related to fiber imho.
  • #331,806
  • Dec 6, 2012 5:29am Dec 6, 2012 5:29am
Quoting usman ashraf
gbusd no one can find answer what happen because it is directly going up with usdchf
i dont know why that workdirectly or not work inverse any body have answer
Just take a look at gbpchf, basically if usdchf go up and gbpchf don't move, so we would have a gbpusd going down.
But, if gbpchf go more up than usdchf, then the result is gbpusd go up too.

Simply put, chf is weakening, usd is weakening too, and assuming that chf is weakening more than usd, both gbpusd and usdchf go up.

Hope it help
  • #331,807
  • Dec 6, 2012 5:52am Dec 6, 2012 5:52am
Quoting tunera
Just take a look at gbpchf, basically if usdchf go up and gbpchf don't move, so we would have a gbpusd going down.
But, if gbpchf go more up than usdchf, then the result is gbpusd go up too.

Simply put, chf is weakening, usd is weakening too, and assuming that chf is weakening more than usd, both gbpusd and usdchf go up.

Hope it help
gu going to be down?
  • #331,808
  • Dec 6, 2012 6:23am Dec 6, 2012 6:23am
Quoting Solomon1a
gu going to be down?
i've no idea, but at the moment seems heading north
  • #331,809
  • Dec 6, 2012 7:17am Dec 6, 2012 7:17am
It has become pontless to even try trade the daily chart.
  • #331,810
  • Dec 6, 2012 7:23am Dec 6, 2012 7:23am
Quoting alex1976
It has become pontless to even try trade the daily chart.
its complete madness..the market at the moment is destroying every1 unless they use trendline..but yur right it crazy..yesterday it didnt move then today it breaks the low..triggers sells and the mofo break the dailly high and hang inbetween??

crazy to say the least
to put it short they are taking the biscuit
  • #331,811
  • Dec 6, 2012 7:26am Dec 6, 2012 7:26am
Quoting nAVIN2007
its complete madness..the market at the moment is destroying every1 unless they use trendline..but yur right it crazy..yesterday it didnt move then today it breaks the low..triggers sells and the mofo break the dailly high and hang inbetween??

crazy to say the least
to put it short they are taking the biscuit
Exactly, lol.

Like I said the other day, the weekly has become the new daily.
  • #331,812
  • Dec 6, 2012 7:27am Dec 6, 2012 7:27am
Good day,

Both my longer term charts are still supporting the long - but there is a bit of weakness present. Will only take confirmed signals on Renko. I entered a few shorts on EU 2 days ago - closed the weakest one on the drop this morning. Target remains 1.2910.

Leaving this one open and will add higher if we go there again.

regards
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  • #331,813
  • Dec 6, 2012 7:32am Dec 6, 2012 7:32am
Quoting nAVIN2007
its complete madness..the market at the moment is destroying every1 unless they use trendline..but yur right it crazy..yesterday it didnt move then today it breaks the low..triggers sells and the mofo break the dailly high and hang inbetween??

crazy to say the least
to put it short they are taking the biscuit
i think better to stick with commodity currency for the time being. here is the progress of kiwi.

for cable, i think as long as candy stays in between 9900-1.0, it will be indecision for both pair. no valid move yet but i favor more to the bulls for cable.
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  • #331,814
  • Dec 6, 2012 7:39am Dec 6, 2012 7:39am
omg.. another day of 40pips range
  • #331,815
  • Dec 6, 2012 7:44am Dec 6, 2012 7:44am
Quoting A-speculator
i think better to stick with commodity currency for the time being. here is the progress of kiwi.

for cable, i think as long as candy stays in between 9900-1.0, it will be indecision for both pair. no valid move yet but i favor more to the bulls for cable.
talk about commodities..... NZDJPY short still killing me... my god its like everything started to trend against me... im having such a bad time...
ive loaded my demo account with another 50k just so my strategy TESTING can continue... dont want the test to end prematurely on margin call....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,816
  • Dec 6, 2012 7:46am Dec 6, 2012 7:46am
Quoting fxtyrant
talk about commodities..... NZDJPY short still killing me... my god its like everything started to trend against me... im having such a bad time...
i think it's the other way round mate.. you are fighting the trend.

"market always right", remember?
  • #331,817
  • Dec 6, 2012 7:52am Dec 6, 2012 7:52am
Quoting A-speculator
i think it's the other way round mate.. you are fighting the trend.

"market always right", remember?
well the Yen trades are what's killing me... so you're telling me BOJ flooding the market with printed money defines the market??
im not buying that... Demand supply IS what defines market buddy and all i see is BOJ Supplying Supplying Supplying.... there is so much the BOJ can supply before Demant starts to come and hit it in its face...
That goes for Government intervention... Market will always come back to FUCK the interventionist's faces, as law of demand and supply suggests...
The more they intervene, the more the market is disequilibriumed....and when market gets disequilibriumed it will return to equilibrium regardless... hence the reason why im trading against short term fundamentals, because thats whats happening in Japan right now... all talks of Easing, and no talk of wether the japs economy can afford the Inflaitonary pressure of easing especially when most of japan's manufacturing is exported to china and US....
and the japanese populaiton being an aging one... i really cant see how long they can intervene for...

not to mention the implication of their easing act is going to prop up their Debt to GDP ratio, and if big enough will trigger another sovereign debt crisis in japan similar to Greece... and dont talk to me about how japanese debt is held by their own people.... the more the banks manipulate to cause their people's value to drop, the more the people will panic....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #331,818
  • Dec 6, 2012 7:54am Dec 6, 2012 7:54am
Interesting junction...

Which way?
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  • #331,819
  • Dec 6, 2012 7:55am Dec 6, 2012 7:55am
Quoting fxtyrant
well the Yen trades are what's killing me... so you're telling me BOJ flooding the market with printed money defines the market??
im not buying that... Demand supply IS what defines market buddy and all i see is BOJ Supplying Supplying Supplying.... there is so much the BOJ can supply before Demant starts to come and hit it in its face...
That goes for Government intervention... Market will always come back to FUCK the interventionist's faces, as law of demand and supply suggests...
The more they intervene, the more the market is disequilibriumed....and...
that is just your personal perception/opinion only.. maybe market has another opinion on that..
  • #331,820
  • Dec 6, 2012 7:59am Dec 6, 2012 7:59am
Quoting TauTrader
Interesting junction...

Which way?
hopefully not too fast going up.. i hope can see a retest at least on the 6060 first..
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