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Cable Update (GBPUSD)

  • #345,781
  • Aug 23, 2013 11:53am Aug 23, 2013 11:53am
Maybe a major top is in place?

My target is 1.55 anyway.
  • #345,782
  • Aug 23, 2013 12:30pm Aug 23, 2013 12:30pm
I suspect we are looking at a big move in the gbp/chf as well.. considering the bar we put in this week off the resistance zone... 95% of lots held are long gbp/chf as the overall monthly trend and weekly trend are down ... we could see mass stop triggering down below 3930 as traders who are trying to play the double hammer on the weekly are stopped out
  • #345,783
  • Aug 24, 2013 12:16am Aug 24, 2013 12:16am
Good day to you,

Hope you are enjoying the week end. Although price is a little too low at the current level for me to short with more confidence, I do believe we can mark the 1.5351 level on our charts as future reference. But I also need to keep 1.5845 in the back of my mind. So will be watching. May contemplate another short to 1.5351 if we run up.

Just some thoughts..

Regards
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  • #345,784
  • Aug 24, 2013 1:29am Aug 24, 2013 1:29am
I have posted my POUND analysis for coming week for those who are interested here:

http://www.forexfactory.com/showthre...13#post6915913
  • #345,785
  • Aug 24, 2013 11:02am Aug 24, 2013 11:02am
GU

Monthly is Mixed

Weekly is Long to Topping

Daily Topping with possible one more push long.............

H4 is nearing a Bottom and can go either direction................
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The More You Learn, The More You Earn.....
  • #345,786
  • Aug 24, 2013 11:23am Aug 24, 2013 11:23am
For short time being Cable is perceived as "safe heaven" hence Asian money is taken from Aussie,Kiwi and moved to Cable.
Once we see Aussie and Kiwi show some life I expect decline in Pound.
In trading, you have to be defensive and aggressive at the same time
  • #345,787
  • Aug 24, 2013 6:11pm Aug 24, 2013 6:11pm
Quoting Davit
For short time being Cable is perceived as "safe heaven" hence Asian money is taken from Aussie,Kiwi and moved to Cable. Once we see Aussie and Kiwi show some life I expect decline in Pound.
not the reason..

its all this;

STIR curves, recently steepened after carney, this is vs. US but same against AU, NZ etc.
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  • #345,788
  • Edited 7:24am Aug 25, 2013 2:40am | Edited 7:24am
Hi guys i am using FF since 1 year but have joined it today.
I would also like to share some analysis of mine on GBPUSD.
​Doesn't it looks like a symmetrical triangle on monthly chart on GBPUSD??? We are going to have a big breakdown either north or south we just have to wait.
Rather than this i am short on GBPUSD.
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  • #345,789
  • Aug 25, 2013 3:57pm Aug 25, 2013 3:57pm
Quoting Davit
For short time being Cable is perceived as "safe heaven" hence Asian money is taken from Aussie,Kiwi and moved to Cable. Once we see Aussie and Kiwi show some life I expect decline in Pound.
I agree with you,Davit. At the moment the Cable is one of the last free risk currencies (Jpy has been excluded too).
  • #345,790
  • Aug 25, 2013 6:32pm Aug 25, 2013 6:32pm
hi guys,

imho, i would like to see price being able to break ~5400 area and next support zone is at about 5300 area, i think if that's happen safest entry should be at about 5400 area or high of 53xx area. let's just wait and see..

price has made lower lows in daily and i would like to see price able to make a lower high, thus confirming my analysis. atm stays flat.

on the upside, i would like to see price able to break 5760 and sustain trading above that said price.
  • #345,791
  • Aug 25, 2013 6:43pm Aug 25, 2013 6:43pm
Long after carney,
I'm holding shorts,
they are underwater currently...

perfect sell for 1D / 4H imho
I'm planning adding more shorts until carney,
I'll close at spike / go long after 1 hr carney speech wed
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  • #345,792
  • Aug 25, 2013 8:18pm Aug 25, 2013 8:18pm
test a small position @ 5580 with SL 5605. This is from 1h pattern, atm 4h doesn't seem agree with this direction. LOL.
  • #345,793
  • Aug 25, 2013 8:26pm Aug 25, 2013 8:26pm
Quoting openyoureyes
Long after carney, I'm holding shorts, they are underwater currently... perfect sell for 1D / 4H imho I'm planning adding more shorts until carney, I'll close at spike / go long after 1 hr carney speech wed {image}

Why you think whatever Carney says will be positive for cable.I mean you already creating a bias before him speaking....
Much depends what Euro will do.If Euro plummets further down at minimum 32 median line current price channel then I speculate Cable to drop 200pips south to 53level.
32 for Euro is critical junction in my view if breaks then 1.30 next.
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In trading, you have to be defensive and aggressive at the same time
  • #345,794
  • Aug 25, 2013 9:35pm Aug 25, 2013 9:35pm
I love watching those with a limit order short bias try to provide critical advice to traders on the topic of not having a bias.
Its just hilarious...
Come with me if you want to live....
  • #345,795
  • Aug 25, 2013 9:42pm Aug 25, 2013 9:42pm
Quoting Ill-b-back
I love watching those with a limit order short bias try to provide critical advice to traders on the topic of not having a bias. Its just hilarious...

I have no limit shorts on cable but plenty of live shorts on G/C
In trading, you have to be defensive and aggressive at the same time
  • #345,796
  • Aug 25, 2013 9:52pm Aug 25, 2013 9:52pm
Quoting Davit
{quote} I have no limit shorts on cable but plenty of live shorts on G/C
Why did you remove them?
Lose your bias?
Come with me if you want to live....
  • #345,797
  • Aug 25, 2013 10:10pm Aug 25, 2013 10:10pm
Quoting Davit
{quote} So now I have to report to you what I do and don't do? FK off
Lol...
What would love to see is those people you have tried to give advice to on the importance of not having a bias, cut and paste this last post of yours and send it back to you.

Trying to advise others not to have a bias while you yourself held short limit orders!!

Like I said,

hilarious...
Come with me if you want to live....
  • #345,798
  • Edited Aug 26, 2013 12:02am Aug 25, 2013 10:21pm | Edited Aug 26, 2013 12:02am
Quoting Ill-b-back
{quote} Lol... What would love to see is those people you have tried to give advice to on the importance of not having a bias, cut and paste this last post of yours and send it back to you. Trying to advise others not to have a bias while you yourself held short limit orders!! Like I said, hilarious...



Trading is dynamic!I had short bias and placed my limit shorts however by over committing on G/C I cancelled my limit shorts on GU because I already have plenty of shorts on GC so nothing has changed.

I only commented why someone would choose to say before a speech to go long without knowing content now of that speech.
You feeling hilarious is totally perplexing to me unless you got some personal issues you have to work on.
You have a reading problem which means lack of paying attention what had been written.Good traders pay attention to details.That goes reading content correctly!
In trading, you have to be defensive and aggressive at the same time
  • #345,799
  • Aug 25, 2013 10:37pm Aug 25, 2013 10:37pm
Quoting Davit
{quote} You must be a total simplton Trading is dynamic!I had short bias and placed my limit shorts however by over committing on G/C I cancelled my limit shorts on GU because I already have plenty of shorts on GC so nothing has changed. I only commented why someone would choose to say before a speech to go long without knowing content now of that speech. You feeling hilarious is totally perplexing to me unless you got some personal issues you have to work on. You have a reading problem which means lack of paying attention what had been written.Good...
Nice long retort but completely off the mark.
Its not just this last guy but bbmac and others.
You have been critical of a number of traders for having a bias while you yourself have a bias.
Its just that their bias was different to your bias.
Or maybe I am just being bias
So without the GC fills you would still have limit orders in place ahead of the Speach.
Interesting...
Come with me if you want to live....
  • #345,800
  • Edited Aug 26, 2013 12:02am Aug 25, 2013 10:45pm | Edited Aug 26, 2013 12:02am
Quoting Ill-b-back
{quote} Nice long retort but completely off the mark. Its not just this last guy but bbmac and others. You have been critical of a number of traders for having a bias while you yourself have a bias. Its just that their bias was different to your bias. Or maybe I am just being bias So without the GC fills you would still have limit orders in place ahead of the Speach. Interesting...

Like I said you have reading issues.My comment was very specific but its a pity 10+V member can't even read content correctly.

Quoting openyoureyes
Long after carney, I'm holding shorts, they are underwater currently... perfect sell for 1D / 4H imho I'm planning adding more shorts until carney, I'll close at spike / go long after 1 hr carney speech wed {image}
My response

Quoting Davit
{quote} Why you think whatever Carney says will be positive for cable.I mean you already creating a bias before him speaking.... Much depends what Euro will do.If Euro plummets further down at minimum 32 median line current price channel then I speculate Cable to drop 200pips south to 53level. 32 for Euro is critical junction in my view if breaks then 1.30 next. {image}
In trading, you have to be defensive and aggressive at the same time
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