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Cable Update (GBPUSD)

  • #347,821
  • Sep 30, 2013 11:56pm Sep 30, 2013 11:56pm
Quoting 5percent
might have a pull back from 1.6250 to 1.6200 or 1.6185 only if 1.6223 is breach, which is higher lo level 2 support on min 5. level to test resistance turns support.
Do you have anything on 1.62450? seems to me a mass of selling right there.
  • #347,822
  • Oct 1, 2013 12:07am Oct 1, 2013 12:07am
Quoting Pumpndump
{quote} Do you have anything on 1.62450? seems to me a mass of selling right there.
technical is just 1 thing, we have on going breakout on gu and fundamental coming from us and jp. no doubt pound can still leap higher since its on breakout momentum. but favorably it "may only "retrace to level of concern -> near 1.6189-1.6202 our yesterday supply zone to test R T S before further move up.
  • #347,823
  • Oct 1, 2013 12:11am Oct 1, 2013 12:11am
Breaking through 1.6200 so effortlessly is a big bull signal at least super short term up to 1.6300... if EUR breaks 1.3570 high i will assume both going alot higher
Loser trying to become a winner!
  • #347,824
  • Oct 1, 2013 12:19am Oct 1, 2013 12:19am
Quoting 5percent
{quote} technical is just 1 thing, we have on going breakout on gu and fundamental coming from us and jp. no doubt pound can still leap higher since its on breakout momentum. but favorably it "may only "retrace to level of concern -> near 1.6189-1.6202 our yesterday supply zone to test R T S before further move up.
I'm glad you mentioned fundamentals, our preset path is already planned in my humble opinion, a couple of days at these heights while a debt resolution is sorted, public workers get a couple of days off, then the usd rallies hard.

That's my two week plan right there.
  • #347,825
  • Oct 1, 2013 12:21am Oct 1, 2013 12:21am
Quoting Pumpndump
{quote} I'm glad you mentioned fundamentals, our preset path is already planned in my humble opinion, a couple of days at these heights while a debt resolution is sorted, public workers get a couple of days off, then the usd rallies hard. That's my two week plan right there.
then its better to either use tighter stop loss in case it spike even higher if picking a top since its really a higher hi. or wait for a good daily or hour 4 bear to appear that kills the final bull and close under support to a safer ride to retrace lower.

As there should be some time before any fundamental updates interfere the current momentum. Europe opening = 1 thing, US another thing. Hard to say, trade the flow would be better. IF there are seller, join them, if there are buyers join them as well.

long time wise within the next few weeks i don't see reversal but only retracement, GBP has to break 2 level of higher lo before any reversal sign.

One of the higher lo now is at 1.5955 our recent pull back.
  • #347,826
  • Oct 1, 2013 12:22am Oct 1, 2013 12:22am
Quoting MyOpinion
Breaking through 1.6200 so effortlessly is a big bull signal at least super short term up to 1.6300... if EUR breaks 1.3570 high i will assume both going alot higher
Interesting number you have on eur, I have similar for a short
  • #347,827
  • Oct 1, 2013 12:27am Oct 1, 2013 12:27am
I wouldnt be shorting any cable until it hits 6350ish ,thats the area its aiming for.. save urself some money, lots of structure and ratios there for a turn








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Never said I was Batman,all I'm saying is you'll never see us together.
  • #347,828
  • Oct 1, 2013 12:28am Oct 1, 2013 12:28am
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Never said I was Batman,all I'm saying is you'll never see us together.
  • #347,829
  • Oct 1, 2013 12:30am Oct 1, 2013 12:30am
Quoting headfake
I wouldnt be shorting any cable until it hits 6350ish ,thats the area its aiming for.. save urself some money, lots of structure and ratios there for a turn
I won't argue with that, I just wonder if the funds know everyone and their dog is lined up at 1.635 to short, and they won't try a shock turn to stop people getting a good slice of the pudding.
  • #347,830
  • Oct 1, 2013 12:37am Oct 1, 2013 12:37am
Quoting Pumpndump
{quote} I won't argue with that, I just wonder if the funds know everyone and their dog is lined up at 1.635 to short, and they won't try a shock turn to stop people getting a good slice of the pudding.

exactly, probably through the economic announcements that are coming up, they'll have something in mind
Never said I was Batman,all I'm saying is you'll never see us together.
  • #347,831
  • Oct 1, 2013 12:40am Oct 1, 2013 12:40am
Could be played another way,I suppose, use these two days to rally it hard (1.65 area) to trigger all the free meat stops, then sink it hard. It will be interesting to say the least, at least dick turpin wears a mask.
  • #347,832
  • Oct 1, 2013 1:04am Oct 1, 2013 1:04am
It looks like GBPUSD down a little, I wonder what will be on the data?
To look at D1 GBPUSD upwards up to 1.6500
  • #347,833
  • Oct 1, 2013 1:29am Oct 1, 2013 1:29am
Quoting Pumpndump
Could be played another way,I suppose, use these two days to rally it hard (1.65 area) to trigger all the free meat stops, then sink it hard. It will be interesting to say the least, at least dick turpin wears a mask.
yeah but I think cable shorts have been pretty much slaughtered anyway on this run up, got the look of a v top reversal, but got to play the PA when it happens not if its going to
Never said I was Batman,all I'm saying is you'll never see us together.
  • #347,834
  • Oct 1, 2013 1:55am Oct 1, 2013 1:55am
Quoting Davit
We are already seeing result of government shut down. Asia acting like an elephant 170pips ADR on GC and 115 on GU and no slowing down. I could be wrong (safer to frame like this) but I think this is last clear all stops before Banks trigger their shorts as soon as Government opens. Closed all my GC shorts with massive losses.Painful lessons learned.Never underestimate power of a trend.I will just seat on the corner and leak my wounds next 12months. Never felt more stupid in my entire life.

dont worry, worry only makes it worse..its still in a bear flag..and still wont be easy..USD simply has to pull the finger out

we have reached what i call limits

hang tight..we are tough
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  • #347,835
  • Oct 1, 2013 2:02am Oct 1, 2013 2:02am
Quoting nAVIN2007
{quote} dont worry, worry only makes it worse..its still in a bear flag..and still wont be easy..USD simply has to pull the finger out we have reached what i call limits hang tight..we are tough {image} {image}
this is shocking..... i have completely lost faith in American's intelligence....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #347,836
  • Oct 1, 2013 2:05am Oct 1, 2013 2:05am
Quoting fxtyrant
{quote} this is shocking..... i have completely lost faith in American's intelligence....

i should have stuck to my trade plan, its all a game..they are very smart..its just all about making money and causing headache for us but we are tough

Inserted Video


listen to this..might help
  • #347,837
  • Oct 1, 2013 2:14am Oct 1, 2013 2:14am
1.625 is on the brink of giving way.
  • #347,838
  • Oct 1, 2013 2:20am Oct 1, 2013 2:20am
at the worse it will retrace dilute positions..but wait for the retrace..personally for my this is the limit..and i wanna see what this mofo does here..

be strong folks
  • #347,839
  • Oct 1, 2013 2:22am Oct 1, 2013 2:22am
Quoting nAVIN2007
at the worse it will retrace dilute positions..but wait for the retrace..personally for my this is the limit..and i wanna see what this mofo does here.. be strong folks
Hey Navin, hold in there. I am convinced we are s/l hunting territory. Course I am always jumping in a direction change 200 pips early, unfortunately for you
  • #347,840
  • Edited 2:46am Oct 1, 2013 2:24am | Edited 2:46am
this might halt the move shortly, have a short entry @ 1.6295, will change if PA indicates:

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
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