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Cable Update (GBPUSD)

  • #344,701
  • Aug 7, 2013 1:21am Aug 7, 2013 1:21am
Maybe of some interest for longer term..

http://www.bbc.co.uk/news/business-23595418
  • #344,702
  • Aug 7, 2013 3:26am Aug 7, 2013 3:26am
G/M,

Long upper wicked small range (< 20 day atr) doji-esq daily candle yesterday...couple of challenges on the daily hi were repelled and price takes another leg down this London morning to 5300 area where Daily S2 and that previous 1hr/minor 4hr swing hi is.

Carney speaking at 1030am at Boe's QIR

G/L
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ex member
  • #344,703
  • Aug 7, 2013 3:44am Aug 7, 2013 3:44am
market talk/rumour is that Carney's forward guidance will be linked to employment levels (like Fed's 6.5% target) ? - 1030am start London for this so will soon know...if his comments are seen as dovish there is likely to be more pressure on £ ?

G/L
ex member
  • #344,704
  • Aug 7, 2013 4:14am Aug 7, 2013 4:14am
Approaching support before the news.
Is Carney going to play ball with the market, or has he got his own ideas?
Come with me if you want to live....
  • #344,705
  • Aug 7, 2013 4:19am Aug 7, 2013 4:19am
Quoting Ill-b-back
Approaching support before the news. Is Carney going to play ball with the market, or has he got his own ideas?
based on what i see in the chart he really will have to say something great to make it rise..
  • #344,706
  • Aug 7, 2013 4:28am Aug 7, 2013 4:28am
Too late to short. 4900 on its way.
  • #344,707
  • Aug 7, 2013 4:33am Aug 7, 2013 4:33am
Quoting nAVIN2007
{quote} based on what i see in the chart he really will have to say something great to make it rise..
Something wonderful
Come with me if you want to live....
  • #344,708
  • Aug 7, 2013 4:35am Aug 7, 2013 4:35am
looks like i got crystal ball muahahahah
  • #344,709
  • Aug 7, 2013 4:39am Aug 7, 2013 4:39am
if you need a good classic definition of 'stop hunting' check cable chart. This time, its not your broker but banks
  • #344,710
  • Aug 7, 2013 4:43am Aug 7, 2013 4:43am
Closed my short at 1.52200 for +70 pips gain.
  • #344,711
  • Aug 7, 2013 4:45am Aug 7, 2013 4:45am
Quoting RavBRD
Closed my short at 1.52200 for +70 pips gain.
excellent trade..my damn pc and internet connection got lost..its friggin unbelievable how this happens
  • #344,712
  • Aug 7, 2013 4:47am Aug 7, 2013 4:47am
killing needle !

hahahahahahahhahahahhahhahah
  • #344,713
  • Aug 7, 2013 4:48am Aug 7, 2013 4:48am
knee-jerk sell-off followed by a strong bounce from 5200 area bids, 2nd 1/2 of that prev 4hr sw hi x 2 zone @/around 61.8% 5101-5392

G/L
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ex member
  • #344,714
  • Aug 7, 2013 4:48am Aug 7, 2013 4:48am
Quoting Makavell
if you need a good classic definition of 'stop hunting' check cable chart. This time, its not your broker but banks

u need to learn too trade..the support is orders coming in on the weekly ascending trendline..nothing to do with banks..just speculative order flow
  • #344,715
  • Aug 7, 2013 4:55am Aug 7, 2013 4:55am
Quoting nAVIN2007
{quote} u need to learn too trade..the support is orders coming in on the weekly ascending trendline..nothing to do with banks..just speculative order flow
Did i just hear some strange noise . OOPS! that must have been my head fucking with me..
  • #344,716
  • Aug 7, 2013 5:03am Aug 7, 2013 5:03am
Lol - that's what I call a 1hr candle...great volatility !

G/L
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ex member
  • #344,717
  • Aug 7, 2013 5:08am Aug 7, 2013 5:08am
keep away till we see clear direction of trend. Nor up nor down. Better to wait is this able to brake 5400 if so 5600 on its way.
I will not be surpriced if by the end of the day it will back again to 5200. cha cha cha. Las Vegas today
  • #344,718
  • Aug 7, 2013 5:09am Aug 7, 2013 5:09am
Have not jump in yet. Waiting for some reliable price action at that resistance line . Possible reversal to downside ?? I see there's a pin bar forming on 15min. Fingers crossed.
No Money, No Honey.....
  • #344,719
  • Aug 7, 2013 5:11am Aug 7, 2013 5:11am
Quoting Makavell
{quote} Did i just hear some strange noise . OOPS! that must have been my head fucking with me..

0pen yur eyes
  • #344,720
  • Aug 7, 2013 5:11am Aug 7, 2013 5:11am
Quoting bbmac
Lol - that's what I call a 1hr candle...great volatility ! G/L {image}
sir,,
now what your suggestion?
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