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Cable Update (GBPUSD)

  • #345,121
  • Aug 13, 2013 9:21am Aug 13, 2013 9:21am
Quoting Maso
{quote} going down for 10 pip ? 100 pip ? how much do you think mate?
My numbers are 15415 then 14800
  • #345,122
  • Aug 13, 2013 9:22am Aug 13, 2013 9:22am
Quoting ForexRatVN
{quote} Hi Navin, It's weird to me. The "bull" man said "bear" coming... How are you these day?
im good bro!!..market is hard but i think it is a case of evolving with it so far .cannot say its been tough as i feel it quite predictable

how are u
  • #345,123
  • Aug 13, 2013 9:46am Aug 13, 2013 9:46am
Quoting ForexRatVN
{quote} My numbers are 15415 then 14800
  • #345,124
  • Aug 13, 2013 9:50am Aug 13, 2013 9:50am
Quoting nAVIN2007
{quote} im good bro!!..market is hard but i think it is a case of evolving with it so far .cannot say its been tough as i feel it quite predictable how are u
So so for a while. I do not like much Summer period but maintain hardly +/-3% per month so far. Any way, The battle is coming as summer is over very soon
  • #345,125
  • Aug 13, 2013 9:53am Aug 13, 2013 9:53am
I was confused today, I placed a short stop entry at 1.5430, after seconds the price running higher. For me that was not a normal movement.
I still hold my short position, but I am not sure if I will change my T Pfrom 1.5345 to now 1.5415. Any ideas? Thnaks.
  • #345,126
  • Aug 13, 2013 9:59am Aug 13, 2013 9:59am
Quoting ForexRatVN
{quote} So so for a while. I do not like much Summer period but maintain hardly +/-3% per month so far. Any way, The battle is coming as summer is over very soon
yes market in this way is getting ridiculous the summer is madness, waiting for this to go 30 pips one way or other is like waiting a life time
  • #345,127
  • Aug 13, 2013 10:03am Aug 13, 2013 10:03am
S @5462 what SL do you suggest?
Get Rich or Die Tryin
  • #345,128
  • Aug 13, 2013 10:06am Aug 13, 2013 10:06am
Quoting nAVIN2007
{quote} yes market in this way is getting ridiculous the summer is madness, waiting for this to go 30 pips one way or other is like waiting a life time
That's true. I short her 8 days ago and the trade is hanging there without hitting TP1 (just 75 pips) or even hit SL yet
  • #345,129
  • Aug 13, 2013 10:25am Aug 13, 2013 10:25am
This pair is very unpredictable now, i will sit and watch
The fragrance remains in the hands of those that gves the rose
  • #345,130
  • Aug 13, 2013 10:29am Aug 13, 2013 10:29am
Quoting Maso
{quote} going down for 10 pip ? 100 pip ? how much do you think mate?
i say down to 1.53 first, if that support breaks, we're gona be testing this year's low again, and i did say GBPUSD COULD go to 1.45 this year, and its got another 5 months to do so...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,131
  • Aug 13, 2013 10:32am Aug 13, 2013 10:32am
Quoting ForexRatVN
{quote} Hi Navin, It's weird to me. The "bull" man said "bear" coming... How are you these day?
and the bear man ((me) whos been saying bearish on GBPUSD below 1.56 is still bearish, i want GBPUSD to retest our 1.48 lows and break even lower to 1.45
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,132
  • Aug 13, 2013 10:32am Aug 13, 2013 10:32am
Quoting fxtyrant
{quote} i say down to 1.53 first, if that support breaks, we're gona be testing this year's low again, and i did say GBPUSD COULD go to 1.45 this year, and its got another 5 months to do so...
inclined to agree - Fair value model is currently at around 1.46 so could very well happen.
Attached Image (click to enlarge)
Click to Enlarge Name: CitiGBP.png Size: 82 KB
  • #345,133
  • Aug 13, 2013 10:55am Aug 13, 2013 10:55am
Quoting ForexRatVN
{quote} Hi Navin, It's weird to me. The "bull" man said "bear" coming... How are you these day?
it happens these days..confused soul
  • #345,134
  • Aug 13, 2013 11:01am Aug 13, 2013 11:01am
1.5460 is the good point for short.
  • #345,135
  • Aug 13, 2013 11:09am Aug 13, 2013 11:09am
Quoting JeremyWS
{quote} inclined to agree - Fair value model is currently at around 1.46 so could very well happen. {image}
Jeremy, you and ur fair value models...
lovee it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,136
  • Aug 13, 2013 11:13am Aug 13, 2013 11:13am
Quoting fxtyrant
{quote} Jeremy, you and ur fair value models... lovee it...
haha, well if it works then why not right?

but yeah I'm definetly not going to macro short this pair though, only swings. UK macro is just too good especially considering short sterling curves as of recent just makes it unshortable in medium term
  • #345,137
  • Aug 13, 2013 11:44am Aug 13, 2013 11:44am
tomorrow will be very busy for cable
things remain unchanged
very likely there will be a beautiful spike, do u all guys think cable heading south or north??

For long term, I prefer south
for short term like the events tomorrow, I have to convince myself
  • #345,138
  • Aug 13, 2013 4:25pm Aug 13, 2013 4:25pm
Bearish Gartley pattern complete.

Target 1 = 1.54
Target 2 = 1.53
Target 3 = 1.52
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 162 KB
  • #345,139
  • Aug 13, 2013 7:17pm Aug 13, 2013 7:17pm
Will the price fall below 1.5429. What if it goes up to 5750 area.
Impossible = 0
  • #345,140
  • Aug 13, 2013 8:10pm Aug 13, 2013 8:10pm
buying cable at current price 1.5443 target 1.5533
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