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Cable Update (GBPUSD)

  • #346,941
  • Sep 13, 2013 11:47pm Sep 13, 2013 11:47pm
Look at the blast thru strong resistance! I mean does it get better than Kiwi? or Cable?....

Yeah , pullback or "retracement" will come, yet I want to be on the right side surfing this $%^&er.

LOL
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #346,942
  • Sep 14, 2013 2:38am Sep 14, 2013 2:38am
Quoting Ill-b-back
{quote} What was their April Gold call? As long as I have been in FF (2 years) I have personally observed a bank trade recommendation track record nothing short of a 100 percent failure rate.
first of all, this is unfair and untrue...

but specifically, back in March/April/May they initiated a sell recommendation to their clients (regarding gold), and then the massive selloff ensued
During this time, GS was the largest BUYER of GLD and other gold instruments in the world, and at this moment, they have one of the largest institutional positions in GLD

obviously, they are expecting gold to go thru the roof... it was a sucker trade, and a sucker is born every minute...

also, remember Abacus (ala John Paulson and friends), the cheeky bastard has the nerves to publish a book about it ("the greatest trade ever" - gregory zuckerman)
90% of people, are wrong about 90% of everything, 90% of the time...
  • #346,943
  • Sep 14, 2013 4:13am Sep 14, 2013 4:13am
Quoting theDHT
{quote} first of all, this is unfair and untrue... but specifically, back in March/April/May they initiated a sell recommendation to their clients (regarding gold), and then the massive selloff ensued During this time, GS was the largest BUYER of GLD and other gold instruments in the world, and at this moment, they have one of the largest institutional positions in GLD obviously, they are expecting gold to go thru the roof... it was a sucker trade, and a sucker is born every minute... also, remember Abacus (ala John Paulson and friends), the cheeky...
It is neither unfair nor untrue.
It is my personal observation as pointed out and I may have missed some bank calls here in FF.
From what I heard an article was published in FF that GS were calling for Gold to go to 2000 just before the sell off.
What they may or may not have actually recommended to their clients is a different matter. My remarks are reserved for specific bank trade call articles published here in FF. I have never seen one work out, all hit SL before going near their TP. I am open to anyone showing otherwise if they have any interest in doing so.
Come with me if you want to live....
  • #346,944
  • Sep 14, 2013 4:37am Sep 14, 2013 4:37am
So true
  • #346,945
  • Sep 14, 2013 5:40am Sep 14, 2013 5:40am
Quoting Ill-b-back
{quote} It is neither unfair nor untrue. It is my personal observation as pointed out and I may have missed some bank calls here in FF. From what I heard an article was published in FF that GS were calling for Gold to go to 2000 just before the sell off. What they may or may not have actually recommended to their clients is a different matter. My remarks are reserved for specific bank trade call articles published here in FF. I have never seen one work out, all hit SL before going near their TP. I am open to anyone showing otherwise if they have...
Hey man, pls dont misunderstand!
I think the sell side recommendations are wrong more often than they are right... All i was saying is thats its unfair to paint everyone with a broad stroke...
An example: citi fx called the rally in usd/jpy back in october, and morgan stanley pretty much nailed the top with an exit/short recommendation @ 103 back in april
Anyway, i think it is always prudent to use your own judgement! Take full responsibility for all profits and losses, it makes us better traders...and people...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #346,946
  • Sep 14, 2013 6:14am Sep 14, 2013 6:14am
Quoting theDHT
{quote} Hey man, pls dont misunderstand! I think the sell side recommendations are wrong more often than they are right... All i was saying is thats its unfair to paint everyone with a broad stroke... An example: citi fx called the rally in usd/jpy back in october, and morgan stanley pretty much nailed the top with an exit/short recommendation @ 103 back in april Anyway, i think it is always prudent to use your own judgement! Take full responsibility for all profits and losses, it makes us better traders...and people...
Ok thx DHT. I admit I really only take notice of Euro and Cable calls with a little interest in Gold just out of curiosity as these are the only pairs I really follow with any interest and in fact I very rarely trade anything but Cable. On these pairs the FF published trade calls with SL an TP levels are spectacular failures.
I always use my own judgement and I am truly amazed how they manage to pick bottoms before issuing their sell recommendations and tops before issuing buy reco's.
Have a great weekend dude
Come with me if you want to live....
  • #346,947
  • Sep 14, 2013 11:57am Sep 14, 2013 11:57am
Hello GBP/US

Read through if the EUR/US keeps climbing 134+

then GBP/US will do the same.

It would seem 159 to 160

We are all thinking a retrace due soon

just hope it pulls back 158 at least

More than likely take the long way back down

just have to suck it up for a day or two:nerd:
  • #346,948
  • Sep 14, 2013 3:27pm Sep 14, 2013 3:27pm
Quoting Ill-b-back
{quote} It is neither unfair nor untrue. It is my personal observation as pointed out and I may have missed some bank calls here in FF. From what I heard an article was published in FF that GS were calling for Gold to go to 2000 just before the sell off. What they may or may not have actually recommended to their clients is a different matter. My remarks are reserved for specific bank trade call articles published here in FF. I have never seen one work out, all hit SL before going near their TP. I am open to anyone showing otherwise if they have...
Yeah banks make calls for suckers to move them out of positions so they can get a better price.


Just the same way market makers rape unsuspecting newbies to Forex.

I would expect a near 95% failure of bank rate calls on this forum for GOLD.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #346,949
  • Sep 14, 2013 3:31pm Sep 14, 2013 3:31pm
Quoting theDHT
{quote} first of all, this is unfair and untrue... but specifically, back in March/April/May they initiated a sell recommendation to their clients (regarding gold), and then the massive selloff ensued During this time, GS was the largest BUYER of GLD and other gold instruments in the world, and at this moment, they have one of the largest institutional positions in GLD obviously, they are expecting gold to go thru the roof... it was a sucker trade, and a sucker is born every minute... also, remember Abacus (ala John Paulson and friends), the cheeky...

there was never a "massive selloff" of gold. There was A MAJOR upswing that was pushing the limit of 2k - which btw will happen.

Then just as steep as gold rose, it corrected.

Risk appetite for the yellow metal weaned and small cap specs got cut out on longs in the 1800 range.

It was not until APRIL of THIS YEAR, that the support line FIRM at 1550 actually broke,
before then, it was RANGE 1800/1750 to 1550 for almost a YEAR after the ALL TIME HIGH which was 6x the value 10 years ago.

In the scheme of things a couple hundred bucks on the price per ozt of AU is not that much. Talk about 1k then you are pushing serious chart damage and perhaps a
small bearish period. As of now, the LONG TERM trend remains UP. Simple as that.
Short it all you want just don't get caught in a bull trap.
Best of luck.

You seem like you might now a thing or two about gold, if you'd like to discuss it further please visit my thread.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #346,950
  • Sep 14, 2013 3:32pm Sep 14, 2013 3:32pm
Now who here thinks Cable is kicking ass right now????????
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #346,951
  • Sep 14, 2013 11:01pm Sep 14, 2013 11:01pm
my view on cable:

http://www.forexfactory.com/showthre...30#post6965130
  • #346,952
  • Edited 3:24am Sep 15, 2013 1:43am | Edited 3:24am
Quoting XTrade
{quote} there was never a "massive selloff" of gold. There was A MAJOR upswing that was pushing the limit of 2k - which btw will happen. Then just as steep as gold rose, it corrected. Risk appetite for the yellow metal weaned and small cap specs got cut out on longs in the 1800 range. It was not until APRIL of THIS YEAR, that the support line FIRM at 1550 actually broke, before then, it was RANGE 1800/1750 to 1550 for almost a YEAR after the ALL TIME HIGH which was 6x the value 10 years ago. In the scheme of things a couple hundred bucks on the...

what world are you living in?

the 1900 level has not been seen in many a moon

FYI: current price is ~1320, and the recent low is ~1180...

if a ~60% sell off (1900-1180) does not constitute being massive, then I am not sure what to say to you

but, that's not even what we were talking about... if you are going to jump into a conversation between two people, then at the very least, you should understand the context of what they are talking about, before tying to hi-jack it... its basic etiquette... + strategy 101... this thread is about Cable, I am not discussing my views on gold... just sell side recommendations (with an emphasis on the Vampire Squid)

not trying to pick a fight here, I think people with differences in opinion can actually help each other more often than not (in this business) by building the case for the opposing view...

btw, which one is your thread? (link pls)

90% of people, are wrong about 90% of everything, 90% of the time...
  • #346,953
  • Sep 15, 2013 1:59am Sep 15, 2013 1:59am
Quoting Ill-b-back
{quote} Ok thx DHT. I admit I really only take notice of Euro and Cable calls with a little interest in Gold just out of curiosity as these are the only pairs I really follow with any interest and in fact I very rarely trade anything but Cable. On these pairs the FF published trade calls with SL an TP levels are spectacular failures. I always use my own judgement and I am truly amazed how they manage to pick bottoms before issuing their sell recommendations and tops before issuing buy reco's. Have a great weekend dude
you too!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #346,954
  • Sep 15, 2013 9:02am Sep 15, 2013 9:02am
Pound Daily count with the daily topping soon...........

H4 is at a top, looking to see how much higher this can go, not much IMO
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The More You Learn, The More You Earn.....
  • #346,955
  • Sep 15, 2013 9:10am Sep 15, 2013 9:10am
Get your shorts ready.
Time for a new low!
To PEACEE!! )
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Money never sleeps I can hear the dollar calling me
  • #346,956
  • Sep 15, 2013 9:35am Sep 15, 2013 9:35am
Quoting forexalien
Pound Daily count with the daily topping soon........... H4 is at a top, looking to see how much higher this can go, not much IMO {image}
Goldman says it will go to 1.68
  • #346,957
  • Sep 15, 2013 9:36am Sep 15, 2013 9:36am
Quoting okanemici
{quote} Goldman says it will go to 1.68
Not before a pullback............PA never goes straight up.................

The monthly shows it might go there 1.68, but not till next year.............

The weekly will not get that long without a major pull back first...............IMO 1.63 area tops for the week before it drops and makes another run at it...........
The More You Learn, The More You Earn.....
  • #346,958
  • Sep 15, 2013 9:46am Sep 15, 2013 9:46am
Quoting forexalien
{quote} Not before a pullback............PA never goes straight up................. The monthly shows it might go there 1.68, but not till next year............. The weekly will not get that long without a major pull back first...............IMO 1.63 area tops for the week before it drops and makes another run at it...........
Uh, yes it does. Compare the circled rally with the current one and then tell me PA can't go "straight up". Or have a look at any yen cross the last few years. The market can remain irrational much longer than you can remain solvent. Don't try to forecast a top based on "it's just moving up too fast", that's dangerous.
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  • #346,959
  • Sep 15, 2013 9:50am Sep 15, 2013 9:50am
Quoting Kanzler
{quote} Uh, yes it does. Compare the circled rally with the current one and then tell me PA can't go "straight up". Or have a look at any yen cross the last few years. The market can remain irrational much longer than you can remain solvent. Don't try to forecast a top based on "it's just moving up too fast", that's dangerous. {image}
Agreed, but look around your circle and PA has danced both directions for not long periods of time...........
The More You Learn, The More You Earn.....
  • #346,960
  • Sep 15, 2013 9:59am Sep 15, 2013 9:59am
Quoting forexalien
{quote} Agreed, but look around your circle and PA has danced both directions for not long periods of time...........
Price goes up, price goes down. Not a surprise, but forecasting when that happens can't be based on "it's just too high". Price is never definitely "too high" or "too low", otherwise you'd get rich using a stochastics indicator...
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