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Cable Update (GBPUSD)

  • #347,761
  • Sep 30, 2013 12:33pm Sep 30, 2013 12:33pm
Bears already in the market continue to sweat it out as £ rises to highest level since 3rd January this year (6202 the 1hr, 4hr, daily, weekly uptrend hi and an upside breech of the descending weekly/steepest monthly descending trend line. U.s shut down from midnight Washington time in the balance now, ... Italy trying to stabilise politically this side of the pond and of course October 17th U.s debt ceiling looming too...all at play across various asset classes today ... relatively un-noticed was Portugal's announcement that it is very likely to hit deficit target this year imposed by the ECB / Eu bailout it received...wow! - but drowned out by potentially bad news on horizon re the above. Crazy world we live in, lol !

How strong are these £ bulls ? Uk Manuf ISM tomorrow and if strong - may see another leg up on back of it ?

G/L
ex member
  • #347,762
  • Sep 30, 2013 12:43pm Sep 30, 2013 12:43pm
Summation of my thoughts on the GBP, Im short from 1.6190.

http://macrocredit.blogspot.co.uk/20...short-gbp.html
  • #347,763
  • Sep 30, 2013 1:30pm Sep 30, 2013 1:30pm
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
The fragrance remains in the hands of those that gves the rose
  • #347,764
  • Sep 30, 2013 1:33pm Sep 30, 2013 1:33pm
Quoting JeremyWS
Summation of my thoughts on the GBP, Im short from 1.6190. http://macrocredit.blogspot.co.uk/20...short-gbp.html

I am sure your stop loss will be hit in days even if it is 500 pips
The fragrance remains in the hands of those that gves the rose
  • #347,765
  • Sep 30, 2013 1:35pm Sep 30, 2013 1:35pm
Quoting JeremyWS
GBP diverging from Citi's prop model based on yield curve spreads. Looking high... {image}


Jeremy you always have some interesting stuff bro,
Money never sleeps...
  • #347,766
  • Sep 30, 2013 1:36pm Sep 30, 2013 1:36pm
Quoting JeremyWS
Summation of my thoughts on the GBP, Im short from 1.6190. http://macrocredit.blogspot.co.uk/20...short-gbp.html
nice analysis
  • #347,767
  • Sep 30, 2013 1:37pm Sep 30, 2013 1:37pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad


oksodo and forex is mad..... 2.65?
Money never sleeps...
  • #347,768
  • Sep 30, 2013 1:38pm Sep 30, 2013 1:38pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
What gives you such conviction?
Don't be a hero. Don't have an ego. Always question yourself
  • #347,769
  • Sep 30, 2013 1:38pm Sep 30, 2013 1:38pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
What???
  • #347,770
  • Sep 30, 2013 1:39pm Sep 30, 2013 1:39pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
2.65? you sure?

I mean it's definitely likely we will see a 10% increase in UK rates over US ones soon...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 1.png Size: 54 KB
  • #347,771
  • Sep 30, 2013 1:44pm Sep 30, 2013 1:44pm
Hello GBP/US

Hard case glad I kept my longs

Shit really does flow up stream.

A retrace would be nice

I see posts about 170 an above:nerd:

Does that make sense to anybody here.
  • #347,772
  • Sep 30, 2013 1:52pm Sep 30, 2013 1:52pm
Quoting eliteincome
Hello GBP/US Hard case glad I kept my longs Shit really does flow up stream. A retrace would be nice I see posts about 170 an above:nerd: Does that make sense to anybody here.

this thing thinks it is usain bolt
  • #347,773
  • Sep 30, 2013 1:53pm Sep 30, 2013 1:53pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
Attached Image (click to enlarge)
Click to Enlarge Name: okosodo.JPG Size: 79 KB
  • #347,774
  • Sep 30, 2013 2:08pm Sep 30, 2013 2:08pm
Quoting okosodo
I am now much convinced more than ever before that we will see a 2.65, i placed a buy at 1.694 tp 1.6493 sl 1.5993 .i will adjust the tp as we gradually get there to 2.6500 in the coming months. But forex s very mad
you've earned a spot in my ignore list bro.... and you actually insulted JeremyWS, a friend of mine who actually worked at a desk before... so he knows what hes talking about and you dont...
heck you dont even have the charts to show your analysis.
go home.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #347,775
  • Sep 30, 2013 2:12pm Sep 30, 2013 2:12pm
Quoting fxtyrant
{quote} you've earned a spot in my ignore list bro.... and you actually insulted JeremyWS, a friend of mine who actually worked at a desk before... so he knows what hes talking about and you dont... heck you dont even have the charts to show your analysis. go home.
cheers man, crazy people spamming the forums is quite annoying. I just cannot believe someone could even think 2.65 is even remotely possible soon, its just ridiculous.
  • #347,776
  • Sep 30, 2013 2:15pm Sep 30, 2013 2:15pm
Gidday GBP/US


265 W T F
Attached Image
  • #347,777
  • Sep 30, 2013 2:47pm Sep 30, 2013 2:47pm
Hi fellows,

below is my view in GBP/USD, i see a potential of a retrace followed with a countinuation in up trend till the end of the triangle where i will be looking for bulls to break it out! in the short term, i'm short GU with a tight SL just above today's high and TP @ 1.6135.

Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GU new.gif Size: 32 KB
  • #347,778
  • Sep 30, 2013 2:49pm Sep 30, 2013 2:49pm
Quoting fxtyrant
{quote} you've earned a spot in my ignore list bro.... and you actually insulted JeremyWS, a friend of mine who actually worked at a desk before... so he knows what hes talking about and you dont... heck you dont even have the charts to show your analysis. go home.
I am shivering
The fragrance remains in the hands of those that gves the rose
  • #347,779
  • Sep 30, 2013 2:52pm Sep 30, 2013 2:52pm
Quoting JeremyWS
{quote} cheers man, crazy people spamming the forums is quite annoying. I just cannot believe someone could even think 2.65 is even remotely possible soon, its just ridiculous.

I am spamming? we will see about that
The fragrance remains in the hands of those that gves the rose
  • #347,780
  • Sep 30, 2013 2:55pm Sep 30, 2013 2:55pm
Quoting okosodo
{quote} I am spamming? we will see about that
Ok, Please give ONE reason why the GBPUSD will go to 2.65 even in the next 5 years?
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