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Cable Update (GBPUSD)

  • #350,501
  • Edited 4:38am Oct 25, 2013 3:35am | Edited 4:38am
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.
IMO now is the best time to short GU within the last two weeks.
Especially as it's a Friday and should be a correction time later

Edit: several shorts from 1.6235
  • #350,502
  • Oct 25, 2013 3:36am Oct 25, 2013 3:36am
Quoting magicgate
{quote} IMO now is the best time to short GU within the last two weeks. Especially as it's a Friday and should be a correction time later
I think that correction starts at 1.6300. It will reach it today and then turns way back. IMO.
  • #350,503
  • Oct 25, 2013 3:37am Oct 25, 2013 3:37am
wonderful people talking long at last, time for me to add another short. good day all, I am off for now. take it easy gents.
  • #350,504
  • Oct 25, 2013 3:37am Oct 25, 2013 3:37am
down 1.6125 ................................
  • #350,505
  • Oct 25, 2013 3:38am Oct 25, 2013 3:38am
reaction is lukewarm. won't be surprised if it falls
  • #350,506
  • Oct 25, 2013 3:39am Oct 25, 2013 3:39am
Right on the 0.8% forecast...knee-jerk upside reaction...not as bad as some bears had feared...question now is it strong enough to see a n upside break thru and north of 6256/59 swing hi's ?...bot the strongest reaction to something I've ever seen lol ! (so far ?)

G/L
ex member
  • #350,507
  • Oct 25, 2013 3:39am Oct 25, 2013 3:39am
this puppy is still play with meh..
  • #350,508
  • Oct 25, 2013 3:39am Oct 25, 2013 3:39am
GDP as expected and still going up? That's just bonkers, it's going up because it wants to go up. Half-position short restablished at 1.62355.
  • #350,509
  • Oct 25, 2013 3:39am Oct 25, 2013 3:39am
Quoting nAVIN2007
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

its not reacting well. may be it was expecting 0.9%-1%. didn't get it
  • #350,510
  • Oct 25, 2013 3:40am Oct 25, 2013 3:40am
Quoting spaceduck
{quote} 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
Yeah you may be right, but we need a good size correction first. Not saying we'll get one, but that's what the charts are saying.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,511
  • Oct 25, 2013 3:41am Oct 25, 2013 3:41am
down ...... and kyuubi will dance with naruto....
  • #350,512
  • Oct 25, 2013 3:42am Oct 25, 2013 3:42am
And will add the other half short if it goes up by more. This up move today is just bonkers.
  • #350,513
  • Oct 25, 2013 3:44am Oct 25, 2013 3:44am
Added shorts at 1,6235
  • #350,514
  • Oct 25, 2013 3:44am Oct 25, 2013 3:44am
Quoting bbmac
Right on the 0.8% forecast...knee-jerk upside reaction...not as bad as some bears had feared...question now is it strong enough to see a n upside break thru and north of 6256/59 swing hi's ?...bot the strongest reaction to something I've ever seen lol ! (so far ?) G/L
LOL Looks like the ones who stayed flat didn't miss anything. So... some of the luck went to them anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,515
  • Oct 25, 2013 3:48am Oct 25, 2013 3:48am
Quoting giveachance
{quote} its not reacting well. may be it was expecting 0.9%-1%. didn't get it
its all in the charts..common 0.1 increase in GDP in a season leading to Christmas its ridiculous ..u wont expect anything different but if it came in worse this thing would tank..im just guessing..i dont know anything abt fundamentals..im too thick!!
  • #350,516
  • Oct 25, 2013 3:48am Oct 25, 2013 3:48am
Quoting giveachance
{quote} its not reacting well. may be it was expecting 0.9%-1%. didn't get it
The Bloomberg expectation was 0.7%, but that doesn't mean that a higher number wasn't already priced in.
Based on PA after the release, I say it was pretty much as expected.
Ranging days are here again.
Now, do we get a Friday sell-off?
Those who say it cannot be done should not interrupt those who are doing it
  • #350,517
  • Oct 25, 2013 3:49am Oct 25, 2013 3:49am
Quoting negrada
And will add the other half short if it goes up by more. This up move today is just bonkers.

what yur view on GDP m8?
  • #350,518
  • Oct 25, 2013 3:49am Oct 25, 2013 3:49am
Quoting PipTrapper
{quote} Yeah you may be right, but we need a good size correction first. Not saying we'll get one, but that's what the charts are saying.
My charts say it's ready to break out..


ok good luck!
  • #350,519
  • Oct 25, 2013 3:51am Oct 25, 2013 3:51am
Quoting nAVIN2007
{quote} its all in the charts..common 0.1 increase in GDP in a season leading to Christmas its ridiculous ..u wont expect anything different but if it came in worse this thing would tank..im just guessing..i dont know anything abt fundamentals..im too thick!!
Good guess. I've maintained that this pair is overdone... even from a technical perspective.
Those who say it cannot be done should not interrupt those who are doing it
  • #350,520
  • Oct 25, 2013 3:52am Oct 25, 2013 3:52am
Stupid week. +100 -100 +100 -100. Good for scalpers but not for me.
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