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Cable Update (GBPUSD)

  • #346,881
  • Sep 13, 2013 5:07am Sep 13, 2013 5:07am
Quoting bbmac
Currently on this site's trade explorer there are 977 trades short this pairing and 891 are currently in a loss situation...bet they are hoping for a steep correction or more ! So if you take that average and apply it to the advice given by traders on forums/threads on this site....erm.... Lol ! G/L

So right now we technically are pretty balanced buyers vs sellers however the buyers have been taking control lately. There has to be something to really kill the GBP here of if the USD could get a move on, its been hitting support for a while. Either way, we are at a critial level to determine a good trend here. Once it breaks you will probably get not only shorts buying back out at a loss, but people trying to enter the breakout and even higher on pullbacks which will drive the price up even more.
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All posts are my personal opinion
  • #346,882
  • Sep 13, 2013 5:08am Sep 13, 2013 5:08am
Quoting Purple
{quote} These are the four data release today morning: CORE RETAIL SALES RETAIL SALES PPI PRELIM CONSUMER SENTIMENT Ignore the three other data and concentrate on PPI marked in red. Market is not concerned with Retail sales and stuff right now, CPI for this month is not yet released and this will indicate what the CPI and Inflation will be like. Last month we were expecting .4% rise in PPI but the report came out to be 0% rise which meant the producers were not getting higher returns on products they made. This month we are expecting producers to...

great post..
I shall book mark yur fundamental posts..as i have much to learn in this area
  • #346,883
  • Edited 5:39am Sep 13, 2013 5:25am | Edited 5:39am
My areas of concern for tonight.

I am going for 50-100 pips run on a risk of 20 pip each . I think those trapped in a trade before tonight are probably feeling pressured, as obviously its ranging till a real movement, not so ideal to get into a trade that doesn't show a direction.

my beneath- long on BE.

This is not technical trading, but US-Volatility trading, only to spot trend and follow, and exit!

The green and red zone serves as traffic light for bull/bear. However, failure to push price within the 10-15 minutes and closing above resistance and below support. i will cut position and wait to see what's with the market.
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  • #346,884
  • Sep 13, 2013 5:41am Sep 13, 2013 5:41am
Quoting Makavell
{quote} AGAIN!!! Now im getting curious. Could there be some hot chick youre trying to nail down over there For all those so called "senior members" who are always quick to pull down their suspension pants just because someone gets a little creative with words(been a victim so many times), then this is for all o ur!!! {image} common tyrant, lets go to a higher time frame {image}
Nah, no hot chick to nail.... Hard to imagine having a hot chick who goes on here to chat forex rather than going to clubs or beaches....
definitely no ho aussie country girl either....
Just me being dumb i guess
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #346,885
  • Sep 13, 2013 6:26am Sep 13, 2013 6:26am
I hope still bearish gbp
  • #346,886
  • Sep 13, 2013 6:30am Sep 13, 2013 6:30am
Hi guy..
I am new member here but i already follow this thread since 2009.. So many expert senior in this site..
Sorry english is not my first language but still learn..

For my analysis, G/U try to test support at 5732..but today is friday.. anything can happen.
I already enter short at 5819. S/L .5837 T/P .5735.
Hope i can join the discussion.. Thanks all.
  • #346,887
  • Edited 8:06am Sep 13, 2013 7:28am | Edited 8:06am
Cable

Daily
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edit: i am long, looking for a quick 200 pip move before fed on wednesday

edit 2: i do not subscribe to this thread, so if you would like to discuss, please reply to my post!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #346,888
  • Sep 13, 2013 7:37am Sep 13, 2013 7:37am
GBP/USD has broken yesterday's High again ...
  • #346,889
  • Sep 13, 2013 7:38am Sep 13, 2013 7:38am
my view on cable daily
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I don't want a job, i want money!
  • #346,890
  • Sep 13, 2013 7:42am Sep 13, 2013 7:42am
Quoting 5percent
My areas of concern for tonight. I am going for 50-100 pips run on a risk of 20 pip each . I think those trapped in a trade before tonight are probably feeling pressured, as obviously its ranging till a real movement, not so ideal to get into a trade that doesn't show a direction. my beneath- long on BE. This is not technical trading, but US-Volatility trading, only to spot trend and follow, and exit! The green and red zone serves as traffic light for bull/bear. However, failure to push price within the 10-15 minutes and closing above resistance...
if breakout valid close above 1.5840. will aim for tp 1 1.59 and 1.5940 tp 2.
  • #346,891
  • Sep 13, 2013 7:44am Sep 13, 2013 7:44am
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90% of traders use TA, indicators and prediction
  • #346,892
  • Sep 13, 2013 7:44am Sep 13, 2013 7:44am
Quoting 5percent
The more retailers are shorting at this level is quite dangerous, will only lead to further breakout. Our former resistance is 1.5750 June's and 1.5744 few days back. I won't go short unless weekly close under former's hi and wait for new short opportunity next week! One thing i learned in this market, just like the AUD's breakout from 1.0150, gold 1520, GBP's 1.58 formerly. When price crossed major range's resistance/support. Don't attempt to counter until dust settled down or a range is re-formed. Else, prone to breakout. More stop losses above...
maintain long biased as long price is above 1.5840's yesterday hi region. Only any close under 1.5840-27 will turn short bias.

current volatility seems abit weak. Price may look to retrace to test 1.5840-28.

Prelim UoM Consumer Sentiment might change direction too.
  • #346,893
  • Sep 13, 2013 7:49am Sep 13, 2013 7:49am
Price at the post data react Hi deeper in that previous weekly swing lo zone (prev support) that extends to 5877 and base now at the hi of a prev daily swing hi zone that extends to that 5877. An opposing opinion to a previous poster - Retail sales data does matter and the market takes notice of it - difficult though sometimes on multiple data releases at same time - re what the market goes with but if those retail sales numbers had been released on their own the greater probability is that the market would have reacted anyway. Ie that poster said if PPi came out at 0.5% expect £ to drop by 40pips, well it did come out higher than last month's 0% and higher than the 0.2% forecast and £ rose on the knee-jerk !! I wonder why anything to do with disappointing retail sales data perhaps !

Bears must be losing the will to live now ?

G/L
ex member
  • #346,894
  • Sep 13, 2013 8:01am Sep 13, 2013 8:01am
Finally... came @ FRIDAY September 13, 2013


Quoting Tsar
{quote} Correction : Price 1.5885
Quoting Tsar
Cable in Daily Chart... Keep watch in Price 1.5585 If Broken, Cable say Hello to Price 1.6131 {image}
Quoting Tsar
Cable in H1 Chart SIDEWAYS PRICE ranging between 1.5831 - 1.5788 {image}
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Always looking the GREAT, never left GOOD Point...
  • #346,895
  • Sep 13, 2013 8:02am Sep 13, 2013 8:02am
Quoting bbmac
Price at the post data react Hi deeper in that previous weekly swing lo zone (prev support) that extends to 5877 and base now at the hi of a prev daily swing hi zone that extends to that 5877. An opposing opinion to a previous poster - Retail sales data does matter and the market takes notice of it - difficult though sometimes on multiple data releases at same time - re what the market goes with but if those retail sales numbers had been released on their own the greater probability is that the market would have reacted anyway. Ie that poster said...

you think no correction ??? to see the top ??
  • #346,896
  • Sep 13, 2013 8:13am Sep 13, 2013 8:13am
There we go, looks like the start of a nice uptrend now.
All posts are my personal opinion
  • #346,897
  • Sep 13, 2013 8:15am Sep 13, 2013 8:15am
Quoting bbmac
Price at the post data react Hi deeper in that previous weekly swing lo zone (prev support) that extends to 5877 and base now at the hi of a prev daily swing hi zone that extends to that 5877. An opposing opinion to a previous poster - Retail sales data does matter and the market takes notice of it - difficult though sometimes on multiple data releases at same time - re what the market goes with but if those retail sales numbers had been released on their own the greater probability is that the market would have reacted anyway. Ie that poster said...
just when the bear are starting to lose the will to live... i begin to look for opportunities to short
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #346,898
  • Sep 13, 2013 8:16am Sep 13, 2013 8:16am
Quoting Fx-gtg
{quote} great chance we reach that and even 1.59 but before this last, 1.539x is norm. just happens most times
so close to 1.59
  • #346,899
  • Sep 13, 2013 8:16am Sep 13, 2013 8:16am
but it didn't break 1.5885, well not yet anyway. soooooo... bearish??

So i guess we wait for next week to discover whether the taper happens or not, and whether its priced in or not. The fact that everyone is still guessing whether the taper is even going to happen must mean that its not priced in, or at least not totally priced.
  • #346,900
  • Sep 13, 2013 8:18am Sep 13, 2013 8:18am
I also don't understand all the short positions that FF's are placing, where are their bearish signals coming from.
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