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Cable Update (GBPUSD)

  • #335,301
  • Feb 7, 2013 5:32am Feb 7, 2013 5:32am
Thanks ablchr,
indeed relevant does not say that leads to GBP longs. I can only say that for the EUR/USD pair which goes opposite side. GBP is only 11% of the Dollar index. But I would say that if GBP/USD shows a potential long then the Dollar Index can help. Need to give a closer look to the GBP/USD though.
Cheers
G.


Quoting albchr
I agree the dollar "may" have topped for now but I'm just not sure about the GBP. Still think it could go either way. Although the good GBP data may help it rise now. Should be intersesting either way. Nice anaylisis BTW.
"markets traded by programs/HFT offer a significant trading edge..."
  • #335,302
  • Feb 7, 2013 5:36am Feb 7, 2013 5:36am
Interesting....out fast, back in and holding. Only 15M but intersting. Think it may fall some back to 5690ish...
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #335,303
  • Feb 7, 2013 5:47am Feb 7, 2013 5:47am
Quoting fibstalker
Thanks ablchr,
indeed relevant does not say that leads to GBP longs. I can only say that for the EUR/USD pair which goes opposite side. GBP is only 11% of the Dollar index. But I would say that if GBP/USD shows a potential long then the Dollar Index can help. Need to give a closer look to the GBP/USD though.
Cheers
G.
I did not know that. Thank you for the info. I only started watching indexes seriously since around August. I watch them side by side and while the jury is still out for me, I think it's helping me to simply add a little confluence to my views.

As far as GU I believe we may be in for "some" bullish correction but I'm still seeing weakness overall. Only time will tell. I don't predict, just try to follow.

Chris
Ghost Rider - WWTBMD?
  • #335,304
  • Feb 7, 2013 6:00am Feb 7, 2013 6:00am
Up on the back of stronger manufacturing and industrial production
  • #335,305
  • Feb 7, 2013 7:51am Feb 7, 2013 7:51am
EURO
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  • #335,306
  • Feb 7, 2013 9:21am Feb 7, 2013 9:21am
c'mon GBP give a bit reaction... so i can target my longs in Gch! it's just 20 more pips....
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  • #335,307
  • Feb 7, 2013 9:46am Feb 7, 2013 9:46am
Quoting _BBKing_
c'mon GBP give a bit reaction... so i can target my longs in Gch! it's just 20 more pips....
ok target done!

thank you
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  • #335,308
  • Feb 7, 2013 10:05am Feb 7, 2013 10:05am
Quoting _BBKing_
EURO
Did it have to come down this waty? So quietly and me without onboard.
  • #335,309
  • Feb 7, 2013 10:30am Feb 7, 2013 10:30am
Quoting _BBKing_
ok target done!

thank you
- Close though ..

By the Way , who is it going to be - Gita or CharmTrader , You can't have both ..
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  • #335,310
  • Feb 7, 2013 10:41am Feb 7, 2013 10:41am
Quoting taomql4
- Close though ..

By the Way , who is it going to be - Gita or CharmTrader , You can't have both ..
why not?
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  • #335,311
  • Feb 7, 2013 12:41pm Feb 7, 2013 12:41pm
Quoting albchr
Key points IMHO. Will know better in 50 minutes
Key points tell tale...lol

USD and GBP now rising together so GU going nowhere for a while. Wonder what will give first?

In the mean time, just had to squeeze off a shot on the way down at EU long @ 3392. Small position, tight stop and just testing the waters.
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  • #335,312
  • Feb 7, 2013 1:59pm Feb 7, 2013 1:59pm
ok i reloaded my long.
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  • #335,313
  • Feb 7, 2013 2:07pm Feb 7, 2013 2:07pm
Attached Image (click to enlarge)
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Attached Image
Come with me if you want to live....
  • #335,314
  • Feb 7, 2013 2:10pm Feb 7, 2013 2:10pm
Quoting _BBKing_
ok i reloaded my long.
I was thinking the same thing actually , but not sure

Stop just under the beard BB?
Come with me if you want to live....
  • #335,315
  • Feb 7, 2013 2:13pm Feb 7, 2013 2:13pm
What do you think for tomorrow , down or up?
  • #335,316
  • Feb 7, 2013 2:18pm Feb 7, 2013 2:18pm
Quoting Ill-b-back
I was thinking the same thing actually , but not sure

Stop just under the beard BB?
also i'm not so much confident about.
so loaded soft position with stop > 5665 where today started the flash up.
then if price will keep rising, next week could happen more opportunities out of downtrend channel seen in h4.
also weekly candle could close around here showing at least... an indecision!
still lot of work to reverse this situation! so better play carefully.
Attached Image (click to enlarge)
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  • #335,317
  • Feb 7, 2013 2:18pm Feb 7, 2013 2:18pm
hey what about AUD? we'll meet parity?
could be a great opportunity long in gbp aud.
if holds the 1.5210-5200 can rise more 200pips till 1.54 (or more)!
look in the chart how today closed full body into previous supply!!

edit: also in few hours there is something from RBA. this could give opportunity for price to reach again lower 1.52. will put some alarms...
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  • #335,318
  • Feb 7, 2013 2:22pm Feb 7, 2013 2:22pm
Interesting spot here.
I might look to buy the bounce off the 4hr 200ema back down to the 55ema, targetting the daily at 59.

That triangle area better chance of support then I think,

just my idea..
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #335,319
  • Feb 7, 2013 2:34pm Feb 7, 2013 2:34pm
Quoting Ill-b-back
Interesting spot here.
I might look to buy the bounce off the 4hr 200ema back down to the 55ema,
targetting the daily at 59.

That triangle area better chance of support then I think,

just my idea..


What am I saying


By the time it gets to the 4hr 200ema, it will already be at 1.59!!!

Come with me if you want to live....
  • #335,320
  • Feb 7, 2013 2:34pm Feb 7, 2013 2:34pm
Quoting Ill-b-back
Interesting spot here.
I might look to buy the bounce off the 4hr 200ema back down to the 55ema, targetting the daily at 59.

That triangle area better chance of support then I think,

just my idea..
yes indeed if price will rise from this level, then will come back to retest it later next week.
so better be patient, actually reasons for longs are still shy!
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