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Cable Update (GBPUSD)

  • #344,121
  • Jul 21, 2013 4:55pm Jul 21, 2013 4:55pm
Quoting davidsayli
{quote} I will keep my long positions till 1.5715 GL
Nice one, wouldn't be surprised if the longer term bears are frustrated until at least 5750 double top.
Waiting for a buy setup.
Come with me if you want to live....
  • #344,122
  • Jul 21, 2013 4:56pm Jul 21, 2013 4:56pm
Quoting claudia1
{quote} Its a guessing game at best but where all the shorters gone? Miss them they fun. As a day trader (wait for London open ) looking to kick through Fridays high. If not then wait lol.
I see this going back to 5250 area(daily pivot) then up again but that's just my opinion and can be totally wrong.
  • #344,123
  • Jul 21, 2013 7:34pm Jul 21, 2013 7:34pm
short 1.5290, sl 1.53
  • #344,124
  • Jul 21, 2013 8:06pm Jul 21, 2013 8:06pm
Quoting karelk
short 1.5290, sl 1.53
good selling price.
  • #344,125
  • Edited 2:37am Jul 22, 2013 2:29am | Edited 2:37am
G/M,

pullback from 5296 - current daily hi, in that previous 4hr/daily swing hi zone found demand at 23.6% 5154-5296 with price looking like it might challenge that hi area ?

1hr/4hr still in opa uptrends

Credit Suisse saying break of 5305 opens door to more significant recovery in this pairing (?)

G/L
ex member
  • #344,126
  • Jul 22, 2013 3:09am Jul 22, 2013 3:09am
Got a short position too 1.5287. SL: 1.5315

Btw my metatrader showed this news flash:


[highlight=rgba(255, 255, 255, 0)]Flash: Cable is going down - HSBC[/highlight]
[highlight=rgba(255, 255, 255, 0)]2013-07-22 03:49 GMT | FXStreet.com[/highlight]
[highlight=rgba(255, 255, 255, 0)]FXstreet.com (Barcelona) - According to HSBC, the U.K. and U.S. monetary policies are in the early stage of an unusual situation, what they call a rare divergence in direction of policy, which should lead to further falls in GBP/USD.

Key quotes

"UK monetary policy is seeking to distance itself from the less dovish tone emanating from the US Fed. Such a divergence in policy is a rare event in UK-US economic history, and has been associated with GBP-USD weakness in the past."

"In addition, while the path of policy in both countries will be determined by the economic data, here too the risks are skewed towards the GBP weakness."[/highlight]
  • #344,127
  • Jul 22, 2013 3:54am Jul 22, 2013 3:54am
Quoting karelk
short 1.5290, sl 1.53
added s @ 1.5288, sl 1.5298

Karel
  • #344,128
  • Jul 22, 2013 4:17am Jul 22, 2013 4:17am
Quoting Lucky_FX
Got a short position too 1.5287. SL: 1.5315 Btw my metatrader showed this news flash: Flash: Cable is going down - HSBC 2013-07-22 03:49 GMT | FXStreet.com FXstreet.com (Barcelona) - According to HSBC, the U.K. and U.S. monetary policies are in the early stage of an unusual situation, what they call a rare divergence in direction of policy, which should lead to further falls in GBP/USD. Key quotes "UK monetary policy is seeking to distance itself from the less dovish tone emanating...
The US tightening anytime soon seems doubtful. But Mark Carney will open the spigot fully and flood the UK with cheap money. Sterling will be sacrificed, the devaluation helping exports cited as an excuse. Although the 2008 devaluation did nothing to help exports, the next also will not help. They don't care though and have given up trying to re balancing the economy and are going for a full on, crack up boom, by expanding the money supply.

If the US do tighten though. I expect you will be able to short Cable at will.
  • #344,129
  • Jul 22, 2013 4:37am Jul 22, 2013 4:37am
Well thats unfortunate...got SL again
  • #344,130
  • Jul 22, 2013 4:41am Jul 22, 2013 4:41am
weekly chart. major resistance and many minor to the left around 5340 area
  • #344,131
  • Jul 22, 2013 4:49am Jul 22, 2013 4:49am
Re posts above - the fundie analysis in some quarters may be bearish for this pairing - but trading what you see is always best if a tech trader and this was/is bullish atm...upside breech of last week/Friday's hi and a decisive break above 50% 5751-4811 last weekly swing down now and Daily R1,...daily R2 @/around current hi.

G/L
ex member
  • #344,132
  • Jul 22, 2013 5:20am Jul 22, 2013 5:20am
Quoting karelk
{quote} added s @ 1.5288, sl 1.5298 Karel
closed for +5.5

s/o from the first one for -10
  • #344,133
  • Jul 22, 2013 5:25am Jul 22, 2013 5:25am
daily looks it wont be happy until it reaches 618 fib around 5390. probably not today though
  • #344,134
  • Jul 22, 2013 5:28am Jul 22, 2013 5:28am
short 5326 tp 5235 MA 200 h4
  • #344,135
  • Jul 22, 2013 5:34am Jul 22, 2013 5:34am
Quoting khol_hands
short 5326 tp 5235 MA 200 h4
???

MY VIEW...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: usindex.png Size: 65 KB


anyway G/L
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,136
  • Jul 22, 2013 5:36am Jul 22, 2013 5:36am
2 fibs point to 1.5427 , retest of 5300 would have me going long.
  • #344,137
  • Jul 22, 2013 5:42am Jul 22, 2013 5:42am
Quoting rockstar1234
2 fibs point to 1.5427 , retest of 5300 would have me going long.



MY TOUGHT TO

G/L
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,138
  • Jul 22, 2013 5:50am Jul 22, 2013 5:50am
Quoting eitan1010
{quote} ??? MY VIEW...{image}{image} anyway G/L
here we are still down trend D1.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 52 KB
  • #344,139
  • Edited 6:34am Jul 22, 2013 5:57am | Edited 6:34am
Quoting khol_hands
{quote} here we are still down trend D1. {image} {image}
I just trade short term,a day trader,my view its day by day i trade from UK open till 3PM NY ..

every day,so each day i have diffrents view also u can see weekly chart too.. and notice that last week candle close in bulish mode..

anyway bro i wish u Good Luck.

when GOD brings you a challenge he also gives you the power to deal with it
  • #344,140
  • Jul 22, 2013 6:32am Jul 22, 2013 6:32am
Quoting khol_hands
{quote} here we are still down trend D1. {image} {image}
So how would you define an up trend? If this is a down trend why are we going up? Doesn't matter to me I day trade currencies but just seemed a strange post when your charts show up. Oh well each to their own I guess.
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