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Cable Update (GBPUSD)

  • #347,261
  • Sep 19, 2013 3:45am Sep 19, 2013 3:45am
Quoting 1pipperhour
{quote} Ben is there for one reason only - to f..k us
If Ben raises interest rates anytime soon, I'll eat cardboard. It's pretty clear to me the corrupt media has put it's hand up to be the manipulative mouthpiece fall guy with its 2months of daily taper tantrum and interest rate hike predictions so that the Fed can maintain some remote fascade of respectability. Anyone who listened closely to what Ben said knows he maintained a stance of data dependence guidance. The media just twisted and distorted it in such an obvious fashion that i couldn't help myself, I felt compelled to call their bluff and bought cable (again) at 1.5526 after Carney last spoke (and holding)
Come with me if you want to live....
  • #347,262
  • Sep 19, 2013 3:48am Sep 19, 2013 3:48am
Lol yeh - so much for the so called ' Septaper ' few to us by Goldman etc for last few weeks....and if Yellen gets appointed Fed Chair - well.....

G/L

Quoting Ill-b-back
{quote} If Ben raises interest rates anytime soon, I'll eat cardboard. It's pretty clear to me the corrupt media has put it's hand up to be the manipulative mouthpiece fall guy with its 2months of daily taper tantrum and interest rate hike predictions so that the Fed can maintain some remote fascade of respectability. Anyone who listened closely to what Ben said knows he maintained a stance of data dependence guidance. The media just twisted and distorted it in such an obvious fashion that i couldn't help myself, I felt compelled to call their bluff...
ex member
  • #347,263
  • Sep 19, 2013 3:50am Sep 19, 2013 3:50am
she needs to break 1.6160 area then we go up to 1.6565 area good luck to all
  • #347,264
  • Sep 19, 2013 3:57am Sep 19, 2013 3:57am
just stop by to say Hi
  • #347,265
  • Sep 19, 2013 3:59am Sep 19, 2013 3:59am
Quoting nAVIN2007
{quote} u should always listen but just listen especially if u cant trade in the end u have enter and accept yur responsible for the trade decision and nobody else
yeah! In forex trading is very volatiles, sharing each idea is always a good way. I respect all opinion&analysis too as for an idea
  • #347,266
  • Sep 19, 2013 4:01am Sep 19, 2013 4:01am
Quoting bbmac
Lol yeh - so much for the so called ' Septaper ' few to us by Goldman etc for last few weeks....and if Yellen gets appointed Fed Chair - well..... G/L {quote}
I read an article in FF the other day saying "sorry Wall Street Yellen is no dove" lol...
As the crisis and printing continues, the lies just get more and more obvious.
How much further down the distorted path of the rediculous can they possibly go?
Come with me if you want to live....
  • #347,267
  • Sep 19, 2013 4:02am Sep 19, 2013 4:02am
Quoting PoundTrader
just stop by to say Hi
Howdy PT
Come with me if you want to live....
  • #347,268
  • Sep 19, 2013 4:13am Sep 19, 2013 4:13am
In regards Yellen. I thought I read yesterday that Beneake was staying on, as it's not fair passing on a shit sandwich to someone else or something along thoses lines. Or is the FED chair for a fixed maximum term only.
  • #347,269
  • Sep 19, 2013 4:21am Sep 19, 2013 4:21am
Quoting neil324
In regards Yellen. I thought I read yesterday that Beneake was staying on, as it's not fair passing on a shit sandwich to someone else or something along thoses lines. Or is the FED chair for a fixed maximum term only.
Who knows,

It's quite unreasonable to put faith in anything spewed out along the news wires anymore.

For all I know Ben could be an alien, nothing would surprise me from here on out...
Come with me if you want to live....
  • #347,270
  • Sep 19, 2013 4:23am Sep 19, 2013 4:23am
Yeh agree. Just generally re the fundies...as a tech trader it's a case of trade what you see - if price goes down - there is more selling volume than buying and vice versa.....the event risks (data releases, fed announcements, speeches etc...) can point to the greater probability on an intraday (and sometimes longer basis) and sometimes the prevailing overall fundie environment does too - but sometimes it is not that clear.

I think a common mistake I see here and elsewhere is traders try and get involved in the direction on any given instrument as may be clear/greater probability from the overall fundie environment on too small a t/f and get shaken out by the oscillation in price.

G/L

Quoting Ill-b-back
{quote} I read an article in FF the other day saying "sorry Wall Street Yellen is no dove" lol... As the crisis and printing continues, the lies just get more and more obvious. How much further down the distorted path of the rediculous can they possibly go?
ex member
  • #347,271
  • Sep 19, 2013 4:25am Sep 19, 2013 4:25am
Quoting Ill-b-back
{quote} Who knows, It's quite unreasonable to put faith in anything spewed out along the news wires anymore. For all I know Ben could be an alien, nothing would surprise me from here on out...


I've heard that Obama is an alien. Now Ben too ...
  • #347,272
  • Sep 19, 2013 4:27am Sep 19, 2013 4:27am
Quoting 1pipperhour
{quote} I've heard that Obama is an alien. Now Ben too ...
Brothers from an "obviously" different mother (or father) lol....
Come with me if you want to live....
  • #347,273
  • Sep 19, 2013 4:32am Sep 19, 2013 4:32am
Quoting bbmac
Yeh agree. Just generally re the fundies...as a tech trader it's a case of trade what you see - if price goes down - there is more selling volume than buying and vice versa.....the event risks (data releases, fed announcements, speeches etc...) can point to the greater probability on an intraday (and sometimes longer basis) and sometimes the prevailing overall fundie environment does too - but sometimes it is not that clear. I think a common mistake I see here and elsewhere is traders try and get involved in the direction on any given instrument...
I've added Goldman and co. to my tool box of newly acquired contra-indicators. When my charts say buy and the banks come out and say sell, that's all the confirmation I need and I simply add more buys. On cable (which is all I really try to trade) and Euro and Gold, it never fails
And I am actually very serious about this, I am not joking, this is NOT a drill.
Come with me if you want to live....
  • #347,274
  • Sep 19, 2013 4:33am Sep 19, 2013 4:33am
Quoting PoundTrader
just stop by to say Hi

sup homes
  • #347,275
  • Sep 19, 2013 4:35am Sep 19, 2013 4:35am
Quoting nAVIN2007
{quote} When i trade i look at a lot of factors im bullish on cable long term..but i dont see it yet.. example this chart i post is a year chart (1st chart)..it is bearish so far this movement up is a retrace..cable has done amazing to have moved up from 1.5 to 1.61..but i dont think it has the strength to close bullish .. then i look at the index..gbp is at an extreme and already has printed a bear ingulf at a point i consider to be vital from yesterday..this area is the line in the sand for cable strength. yesterday cable rose due to tapper emotions..not...

uhm..
my quarterly looks bit different... closes at 30 sept, then new candle starts. basically suggests possible attempt down during next quarter to meet with pivots etc. so if this 1.6150 will be quarterly high, calculation easily show that 1.57 area is still exposed.
but this will highly depend on candle close price
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_3 Months_snapshot.png Size: 23 KB
Click to Enlarge Name: pivot ipotesy.jpg Size: 61 KB
90% of traders use TA, indicators and prediction
  • #347,276
  • Sep 19, 2013 4:47am Sep 19, 2013 4:47am
Quoting _BBKing_
{quote} uhm.. my quarterly looks bit different... closes at 30 sept, then new candle starts. basically suggests possible attempt down during next quarter to meet with pivots etc. so if this 1.6150 will be quarterly high, calculation easily show that 1.57 area is still exposed. but this will highly depend on candle close price {image} {image}

what i posted was yearly..what u posting is range/ consolidation..look like a bear flag..but its all speculation..
  • #347,277
  • Sep 19, 2013 4:50am Sep 19, 2013 4:50am
cable is going to get a nice slap in coming sessions. 1.58 possibly
  • #347,278
  • Sep 19, 2013 5:00am Sep 19, 2013 5:00am
Quoting nAVIN2007
{quote} what i posted was yearly..what u posting is range/ consolidation..look like a bear flag..but its all speculation..

i thought it was quarterly! sorry

and yes it looks like range/consolidation but you know... patterns are just illusions if not substained by market, so let's see what will come out from next sessions --> reversals sometimes happen in situations like this one! but maybe a bit higher
90% of traders use TA, indicators and prediction
  • #347,279
  • Sep 19, 2013 5:02am Sep 19, 2013 5:02am
Quoting _BBKing_
{quote} i thought it was quarterly! sorry and yes it looks like range/consolidation but you know... patterns are just illusions if not substained by market, so let's see what will come out from next sessions --> reversals sometimes happen in situations like this one! but maybe a bit higher

if it goes higher im toast..im trading 0.5 lot
pray for meh
  • #347,280
  • Sep 19, 2013 5:03am Sep 19, 2013 5:03am
I might stay up to watch US news...

Goldman said they expect to see 1.68 on this pair, but they also put a bet each way saying they expect USD to strengthen through to end of the year, so might just have to run with the play book on this one and she how she goes....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 38 KB
Click to Enlarge Name: gbpusddaily.png Size: 31 KB
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