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Cable Update (GBPUSD)

  • #342,461
  • Jun 7, 2013 8:47am Jun 7, 2013 8:47am
Quoting gammase1
{quote} You were suspiciously quiet during the move from 1.52 to 1.56. You should tone your rhetoric down a bit, rather than shouting so loudly only when you get something right.
he is gonna say he had exams..

good to see u buddy
  • #342,462
  • Jun 7, 2013 8:51am Jun 7, 2013 8:51am
Quoting fxtyrant
{quote} congrats on your trades btw but tbh i did warn some people here that NFP is gona be something people should concentrate on... yesterday's move up was a total lie... when theres no news... its a total stop hunting regime to get small boys out the game before they dip shit down....
Thanks, but honestly, until I see a solid close under 5420 (likely next week if so), this could simply be a pullback to buy more. Definitely not "clear" yet so keep your mind open bro. If this week can close below the last weekly swing high at 5600, it will be a good sign but still not carved in stone. I'm ALWAYS ready to switch.
Ghost Rider - WWTBMD?
  • #342,463
  • Jun 7, 2013 8:54am Jun 7, 2013 8:54am
Quoting gammase1
{quote} I thought I remember you saying that you'd definitely sell if 1.52(or was it 1.53) was hit, just before we had the move to 1.56... Perhaps I am mistaken - I can't be bothered to go back over old posts.
you are quite mistakened... i did say i wouldnt discount the possibility of it moving up to 1.56 again AFTER i saw that double bottom on the daily... but i will definitely be looking to reload short at strong resistance at 1.56 since that is where we had a previous rejection.
and yesterday i did warn that a 20 pip overflow spike above 1.56 shouldnt be counted as a broken resistance.... it needs a confirmation... if today's candle stopped a bounce from 1.56 then i would say its a confirmed breakout of 1.56 unfortunately this is not the case.

besides i am having one of the tightest schedule ever.
fo the past 2 weeks, 4 exams, and having to pack my room up to get ready to fly back to HK for the summer...
and to settle things for my internship with bloomberg and stuff... lots of things happening...
flatmates also moving out so had to discuss rental agreements with the land lord.... its been a hell storm for me....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,464
  • Jun 7, 2013 8:56am Jun 7, 2013 8:56am
Quoting albchr
{quote} Thanks, but honestly, until I see a solid close under 5420 (likely next week if so), this could simply be a pullback to buy more. Definitely not "clear" yet so keep your mind open bro. If this week can close below the last weekly swing high at 5600, it will be a good sign but still not carved in stone. I'm ALWAYS ready to switch.
nah for me a close below 1.5580 this week is enough for me to say next weeks gona be another bearish week.
we are entering summer periods people.... meaning ranging period and it seems like the range is established between 1.56 to 1.50, dont get greedy and trade this range....
dont ask for poor liquidity strained GBPUSD to break any range, its highly unlikely unless we get shit storm of riot news in the UK
but becareful... this year's summer we are not getting the benefit of the UK olympics that propped up the GBP for the last 2 years.
also dont forget carney's coming in around august so get ready for more easing of the GBP
the timing of everything is quite aligned for more GBP weakness
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,465
  • Jun 7, 2013 8:58am Jun 7, 2013 8:58am
New to this community!
Pocketed about 100 pips on the cable this morning and i believe that it will continue a downward move for another 100 pips or so. i am planning on collecting my profits around 1540
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  • #342,466
  • Jun 7, 2013 9:01am Jun 7, 2013 9:01am
Quoting fxtyrant
{quote} and yea i am already toning things down... atleast im not calling people idiot... .
True! You are improving greatly on that front grasshopper.

Quoting fxtyrant
{quote} nah for me a close below 1.5580 this week is enough for me to say next weeks gona be another bearish week.
Well, that would be below the 5600 swing high I mentioned although lower would be better (probably just for me head...lol).
Ghost Rider - WWTBMD?
  • #342,467
  • Jun 7, 2013 9:03am Jun 7, 2013 9:03am
Quoting fxtyrant
{quote} nah for me a close below 1.5580 this week is enough for me to say next weeks gona be another bearish week. we are entering summer periods people.... meaning ranging period and it seems like the range is established between 1.56 to 1.50, dont get greedy and trade this range.... dont ask for poor liquidity strained GBPUSD to break any range, its highly unlikely unless we get shit storm of riot news in the UK but becareful... this year's summer we are not getting the benefit of the UK olympics that propped up the GBP for the last 2 years. also...
one thing too note, cable flew 300 + pips yesterday based on USD weakness..gbp doesnt need to be strong..it can be weak and fly
  • #342,468
  • Jun 7, 2013 9:07am Jun 7, 2013 9:07am
Quoting albchr
Would be nice this hour close well below the 50ema. At least a touch and not much bounce from the 38.2 by days end would be sweet as well. {image}
Eh...not bad... not great.... But I may add short(s) on the bounce.
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Ghost Rider - WWTBMD?
  • #342,469
  • Jun 7, 2013 9:10am Jun 7, 2013 9:10am
Quoting nAVIN2007
{quote} one thing too note, cable flew 300 + pips yesterday based on USD weakness..gbp doesnt need to be strong..it can be weak and fly
Yep! and both have lower wicks right now....

Like you said before bro, gonna be messy for a while!
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Ghost Rider - WWTBMD?
  • #342,470
  • Jun 7, 2013 9:10am Jun 7, 2013 9:10am
Quoting albchr
{quote} Eh...not bad... not great.... But I may add short(s) on the bounce. {image}

be careful man..weekly is still a bull..remember that..and daily is an inside bar..that means only indecision..this is far from clear

and gbp index is a complete mess
  • #342,471
  • Jun 7, 2013 9:15am Jun 7, 2013 9:15am
Quoting nAVIN2007
{quote} be careful man..weekly is still a bull..remember that..and daily is an inside bar..that means only indecision..this is far from clear and gbp index is a complete mess
True, far from clear. At this point, It's only my "overall trend" bias that has me thinking. But I can wait. What I'd like to see is a test and reject of the DP at 5554 to be sure(er)....lol
Ghost Rider - WWTBMD?
  • #342,472
  • Jun 7, 2013 9:56am Jun 7, 2013 9:56am
The crazy still hoping for further continuation up , specially eu,gu but hope not at all or more soon , correction expecting soon of first half next week before any crazy even get life again or not at all . that top formation possible against very strong crazy /intervention anything unsustainable to me , at least temporary.

gu 5467 breaks still trying protect , next 5434,5413 before 5377 before good confirmation for correction 5272.

Gold doing good job , waiting break 1381 , actually 1373,54 & 38 play & breaks . if gold can do that all will follow more of less .

so ranging top weekend & next week for scalping!

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,473
  • Jun 7, 2013 10:59am Jun 7, 2013 10:59am
Quoting albchr
{quote} True, far from clear. At this point, It's only my "overall trend" bias that has me thinking. But I can wait. What I'd like to see is a test and reject of the DP at 5554 to be sure(er)....lol
Well, there's the test. Now let's see if we get the rejection.

EDIT: While I was posting this that hour popped up and closed over the DP. lol Hmmm....
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Ghost Rider - WWTBMD?
  • #342,474
  • Jun 7, 2013 12:03pm Jun 7, 2013 12:03pm
Quoting albchr
{quote} Well, there's the test. Now let's see if we get the rejection. EDIT: While I was posting this that hour popped up and closed over the DP. lol Hmmm.... {image}

this is madness yesterday 300 pips today pants
  • #342,475
  • Jun 7, 2013 12:08pm Jun 7, 2013 12:08pm
Quoting nAVIN2007
{quote} this is madness yesterday 300 pips today pants
Kind of tells me all the noise was priced in thru the week and we can get back to the down trend.

I happy with the shorts but wish I had waited to start building them. But I never thought she'd fly so high yesterday.
Ghost Rider - WWTBMD?
  • #342,476
  • Jun 7, 2013 12:42pm Jun 7, 2013 12:42pm
Quoting albchr
{quote} Kind of tells me all the noise was priced in thru the week and we can get back to the down trend. I happy with the shorts but wish I had waited to start building them. But I never thought she'd fly so high yesterday.

now usd is talking about QE not being declined..we are on the wrong side i tell u

i just hope that broadening triangle plays-out into a diamond down to 1.51..there im a bull again
  • #342,477
  • Jun 7, 2013 12:49pm Jun 7, 2013 12:49pm
Quoting nAVIN2007
{quote} now usd is talking about QE not being declined..we are on the wrong side i tell u i just hope that broadening triangle plays-out into a diamond down to 1.51..there im a bull again
Forget the hype bro. They be wishy washy to confuse us. LOL

Trade your charts and she'll go
Ghost Rider - WWTBMD?
  • #342,478
  • Jun 7, 2013 12:54pm Jun 7, 2013 12:54pm
Quoting albchr
{quote} Forget the hype bro. They be wishy washy to confuse us. LOL Trade your charts and she'll go

lets see look on, sort off
hopefully the brown line will hook us up
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  • #342,479
  • Jun 7, 2013 1:00pm Jun 7, 2013 1:00pm
Quoting nAVIN2007
{quote} lets see look on, sort off hopefully the brown line will hook us up {image}
I'm not worried.
Ghost Rider - WWTBMD?
  • #342,480
  • Jun 7, 2013 1:34pm Jun 7, 2013 1:34pm
Quoting albchr
{quote} I'm not worried.

nor was I when it sank
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