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Cable Update (GBPUSD)

  • #350,481
  • Oct 25, 2013 2:34am Oct 25, 2013 2:34am
mega bullish .... buy now minimum of 1.6280 today but probaly 1.6338..... key levels for today 1.6279 ---> 1.6300----> 1.6338------> 1.6375 ....... and obviously to the downside 1.6163 and 1.6120 will be VERy surprised if 1.6163 gets tested today. Just my opinion good luck folks
Loser trying to become a winner!
  • #350,482
  • Oct 25, 2013 2:36am Oct 25, 2013 2:36am
Gidday GBP/US

Man down to minute chart

Ninja mode turtle trading

need to make some Moo Laa

before weekend

Beer fridge empty

No food

Girl friend wants to go out

Great who cares

Time to play in the danger zone

Its gambling time YAY
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  • #350,483
  • Oct 25, 2013 2:37am Oct 25, 2013 2:37am
market will go to the left.....
  • #350,484
  • Oct 25, 2013 2:46am Oct 25, 2013 2:46am
Quoting bbmac
Hi, G/M, ...0.8% -that's certainly the expectation isn't it ?...and with the commentary/analysis from usual suspects/talking heads it leads us to believe the number could surprise to the upside...which I think will cause a bi knee-jerk reaction. To what extent 0.8% is priced in I don't really know - the market seems reluctant to break thru that 6259 barrier beforehand ? This how forexcrunch.com see it: http://www.forexcrunch.com/gbpusd-tr...iminary-gdp-3/ G/L {quote} {image}

  1. Well above expectations: Above 1.2%: A surge in GDP would push GBP/USD downwards, and a second resistance line might be broken as a result.
  2. Below expectations: 0.0% to 0.3%: A lower GDP figure than predicted could cause the pair to climb and drop below one support level.

WTF was Kenny smoking ???

Those who say it cannot be done should not interrupt those who are doing it
  • #350,485
  • Oct 25, 2013 2:55am Oct 25, 2013 2:55am
Quoting bbmac
Hi, G/M, ...0.8% -that's certainly the expectation isn't it ?...and with the commentary/analysis from usual suspects/talking heads it leads us to believe the number could surprise to the upside...which I think will cause a bi knee-jerk reaction. To what extent 0.8% is priced in I don't really know - the market seems reluctant to break thru that 6259 barrier beforehand ? This how forexcrunch.com see it: http://www.forexcrunch.com/gbpusd-tr...iminary-gdp-3/ G/L {quote} {image}
Hi BB, that reads like a horoscope!

I'm reading that the hedgies and fund managers are feeling that they have gotten in too soon (anticipating Carney would raise rates)
Although GDP is expected to be good, if it disappoints expect a correction (SocGen)
Losses should be seen as buying opportunities

Then again...perhaps this is a Fading rally, there isn't much demand for upside option strikes

(And the crowd of fundies were.... confused )

  • #350,486
  • Oct 25, 2013 2:58am Oct 25, 2013 2:58am
Quoting eliteincome
Gidday GBP/US Man down to minute chart Ninja mode turtle trading need to make some Moo Laa before weekend Beer fridge empty No food Girl friend wants to go out Great who cares Time to play in the danger zone Its gambling time YAY {image}
Dude!

YUCK!
  • #350,487
  • Oct 25, 2013 3:04am Oct 25, 2013 3:04am
Quoting eliteincome
Gidday GBP/US Man down to minute chart Ninja mode turtle trading need to make some Moo Laa before weekend Beer fridge empty No food Girl friend wants to go out Great who cares Time to play in the danger zone Its gambling time YAY {image}
Please send me your postal address. I have to send you the bill for a new keyboard as I cannot clean out the coffee I sprayed all over it.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,488
  • Edited 3:23am Oct 25, 2013 3:06am | Edited 3:23am
support finding at 6180 in my mind right now.
  • #350,489
  • Oct 25, 2013 3:07am Oct 25, 2013 3:07am
gbp drama will start now. in another 15 mins if we retest 1.6250 data is good and we can go to 1.63
  • #350,490
  • Oct 25, 2013 3:18am Oct 25, 2013 3:18am
GDP will be positive. My question is - what does it happen with the price before data release. Will it spike down for 60 pips and then go through the roof or will it instantly go up.
  • #350,491
  • Oct 25, 2013 3:20am Oct 25, 2013 3:20am
Uk Q3 Gdp prelim due at 0930am Uk time

So, this is it - it's now or never ( well, until the next time - and there is always a next time,) but anyway, it's the event risk of the week re this pairing, it's here and it could make Heros of some and well, something less heroic and more smelly of some others .....We all know what the greater probability is, [we have all been watching the data these past few months, we all know what the forecast is, what the commentary from the talking heads/usual suspects leading up to it has been} - will this greater probability play out or not ,? will the market react strongly to it or will the whole thing as a potential market moving event risk just disappoint ?...we'll know in a few mins.

However you are positioned, short, long or flat...good luck, although those being flat don't really need it - so let's just share any luck going amongst the other two !

Spin the wheel !
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  • #350,492
  • Oct 25, 2013 3:22am Oct 25, 2013 3:22am
what i like about this PA is yesterday daily technicals have played out..thats better than not..question is will there be follow through?
there has been more rain this month..hopefully it pours on gbp
  • #350,493
  • Oct 25, 2013 3:31am Oct 25, 2013 3:31am
0.8

time to break january highs
  • #350,494
  • Oct 25, 2013 3:31am Oct 25, 2013 3:31am
news move
  • #350,495
  • Oct 25, 2013 3:31am Oct 25, 2013 3:31am
I see it going sideways for 6 hours in this little range and then up to 6310 for the close
Founder of Sutherland Wave Principle
  • #350,496
  • Oct 25, 2013 3:32am Oct 25, 2013 3:32am
Soros added 10000 lots long @ 1.6189
  • #350,497
  • Oct 25, 2013 3:32am Oct 25, 2013 3:32am
Quoting spaceduck
0.8 time to break january highs
If it breaks Jan highs, it will be due to weaker USD... not stronger GBP. The GDP figure was as expected so no surprise here.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,498
  • Oct 25, 2013 3:32am Oct 25, 2013 3:32am
So may be at least 1.6300 conformed by the news . That means wave 5 of 5 will not fail.
Never test the depth of water with both feet.
  • #350,499
  • Oct 25, 2013 3:35am Oct 25, 2013 3:35am
will down...............
  • #350,500
  • Oct 25, 2013 3:35am Oct 25, 2013 3:35am
Quoting PipTrapper
{quote} If it breaks Jan highs, it will be due to weaker USD... not stronger GBP. The GDP figure was as expected so no surprise here.
eheh whatever, take it for what it is, an opinion on a public forum.

gbp or usd, actually usdindex also is going to break february lows in the future, so why not, usd weakness that's nice if you like
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