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Cable Update (GBPUSD)

  • #351,221
  • Oct 30, 2013 2:16am Oct 30, 2013 2:16am
It's not well known but Janet Yellen (Obama's nominee for next Fed Chair) is a keen singer and sings with a band in her spare time called - Jany Jan and the Coconuts. They have been together for 40 years and had a minor hit in the Midwest in 1973 called I wish I can shimmy like my great aunty vera.

G/L
ex member
  • #351,222
  • Oct 30, 2013 2:25am Oct 30, 2013 2:25am
....brave move going long there...after yesterday's daily candle and tone of week so far- always expecting the sellers who will sell the pullback off yesterday's lo but after that 1hr engulfing at the 2nd potential HL on that t/f I can see why you would do it.... Good Luck with it.



Quoting abhilash
Swing high and engulfing on 1hr. {image}
ex member
  • #351,223
  • Oct 30, 2013 2:34am Oct 30, 2013 2:34am
Quoting KillerWhale
{quote} I agree, and lots of pretty girls here with tiny bikini's
its right before tijuana rite. do u often do tijuana?
never there but often heard about their heavens life. is it true?
  • #351,224
  • Oct 30, 2013 2:46am Oct 30, 2013 2:46am
Quoting Dapsychopath
{quote} its right before tijuana rite. do u often do tijuana? never there but often heard about their heavens life. is it true?
Ah yes Tijuana. Nice place to visit and have a good time as long as you stay away from the cops and the crooks.
To make it easy for you to identify them, I've attached pictures of both below.

Cops
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Crooks
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Those who say it cannot be done should not interrupt those who are doing it
  • #351,225
  • Oct 30, 2013 2:51am Oct 30, 2013 2:51am
Quoting PipTrapper
{quote} Ah yes Tijuana. Nice place to visit and have a good time as long as you stay away from the cops and the crooks. To make it easy for you to identify them, I've attached pictures of both below. Cops {image} Crooks {image}
so they said!
will surely stay away from them for my visit
  • #351,226
  • Oct 30, 2013 2:51am Oct 30, 2013 2:51am
upside follow thru on that 1hr master bull thrust engulf x 3 that followed the 4hr PB on 1st test of yesterday's lo zone/asc daily t/line....price testing DP now

G/L
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ex member
  • #351,227
  • Oct 30, 2013 2:53am Oct 30, 2013 2:53am
Quoting bbmac
upside follow thru on that 1hr master bull thrust engulf x 3 that followed the 4hr PB on 1st test of yesterday's lo zone/asc daily t/line....price testing DP now G/L
Which is also the start of the intraday (H1) supply zone. Tough resistance from here on.

Never mind currencies. I am amazed at the surge in equity indices. Boggles the mind
Those who say it cannot be done should not interrupt those who are doing it
  • #351,228
  • Oct 30, 2013 2:55am Oct 30, 2013 2:55am
yeh - they don't see any tapering anytime soon obviously - this is what is contributing to driving it apparently !?

G/L

Quoting PipTrapper
{quote} Never mind currencies. I am amazed at the surge in equity indices. Boggles the mind
ex member
  • #351,229
  • Oct 30, 2013 2:57am Oct 30, 2013 2:57am
g/u h1
Attached Image (click to enlarge)
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spx h4
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Those who say it cannot be done should not interrupt those who are doing it
  • #351,230
  • Oct 30, 2013 2:59am Oct 30, 2013 2:59am
Quoting bbmac
yeh - they don't see any tapering anytime soon obviously - this is what is contributing to driving it apparently !? G/L {quote}
Yep. Another house of cards coming.

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #351,231
  • Oct 30, 2013 3:11am Oct 30, 2013 3:11am
Quoting PipTrapper
{quote} Yep. Another house of cards coming. {image}

that's not a house, that's a Burj freakin' Khalifa
  • #351,232
  • Oct 30, 2013 3:13am Oct 30, 2013 3:13am
the bears getting confused... where the south ???
  • #351,233
  • Oct 30, 2013 3:17am Oct 30, 2013 3:17am
Quoting andan
the bears getting confused... where the south ???
Good afternoon gentlemen. I have a feeling I am not going to get on this much higher. Be good if I do though, maybe 161.4 would be nice and i dare say clean up plenty of short stops.

The problem is i fear net longs are aiming at this region, and so makes it hard for the mm to send it up without lining other pockets, especially when the net short and longs is balanced out.
  • #351,234
  • Oct 30, 2013 3:19am Oct 30, 2013 3:19am
Quoting lumesh
{quote} that's not a house, that's a Burj freakin' Khalifa
Yep. You're right. My mistake
Those who say it cannot be done should not interrupt those who are doing it
  • #351,235
  • Oct 30, 2013 3:41am Oct 30, 2013 3:41am
Quoting PipTrapper
{quote} Yep. You're right. My mistake

on a serious note, yes, you are right about the crazyness of SP500 but all things have lined up as well too....No taper plus seasonal strenght in Sept, Oct.

Now that the consensus seem to bet on a March taper it makes case for a "positive" surprise IF we should see a 200 jobs data. That's a big IF, though. Nov is seasonally a weak month too for SP500, so without a big fat dove in the media a correction is on the table. Need to get past todays FOMC

What's even greater surprise is the SP500 USD positive correlation. One would understand the equity move but to be bullish on the dollar right now ?
  • #351,236
  • Oct 30, 2013 3:41am Oct 30, 2013 3:41am
Quoting PipTrapper
{quote} Which is also the start of the intraday (H1) supply zone. Tough resistance from here on. Never mind currencies. I am amazed at the surge in equity indices. Boggles the mind
Agreed! But look what's above them- nothing!! - no resistance on the hourly, H4, Daily, Weekly, Quarterly, yearly..... just clear blue sky!!
  • #351,237
  • Oct 30, 2013 3:52am Oct 30, 2013 3:52am
Quoting cat
{quote} Agreed! But look what's above them- nothing!! - no resistance on the hourly, H4, Daily, Weekly, Quarterly, yearly..... just clear blue sky!!
If you look at my H1 chart and you see what I am seeing, I think you will agree that there is no such clear blue sky, but rather a thick sky full of clouds (Thick supply zone). However, if you look down (Not on my posted chart), you should see nothing but deep blue sea. No demand till 5975 and it's quite thin.

ADD: Here's a better view of the sea. (H1)
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Those who say it cannot be done should not interrupt those who are doing it
  • #351,238
  • Oct 30, 2013 3:59am Oct 30, 2013 3:59am
....
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ex member
  • #351,239
  • Oct 30, 2013 4:09am Oct 30, 2013 4:09am
Quoting PipTrapper
{quote} If you look at my H1 chart and you see what I am seeing, I think you will agree that there is no such clear blue sky, but rather a thick sky full of clouds (Thick supply zone). However, if you look down (Not on my posted chart), you should see nothing but deep blue sea. No demand till 5975 and it's quite thin. ADD: Here's a better view of the sea. (H1) {image}
I was actually referring to both the Dow Jones and S&P 500. For cable, yes, I think we have topped for now. I agree with your demand level which I have at around the same level. All that is super clear to me now is that September's wonderful Bull run is over, and now it's in range mode which suits me just fine.
  • #351,240
  • Oct 30, 2013 4:10am Oct 30, 2013 4:10am
The bears wish lol...agree though if ascending daily/weekly trend line breaks to downside it is just fibs and calculated pivots till that previous 4hr/daily/minor weekly swing lo at 5983...

U.s data and Fomc later may shake it up !?

G/L

Quoting PipTrapper
{quote} If you look at my H1 chart and you see what I am seeing, I think you will agree that there is no such clear blue sky, but rather a thick sky full of clouds (Thick supply zone). However, if you look down (Not on my posted chart), you should see nothing but deep blue sea. No demand till 5975 and it's quite thin. ADD: Here's a better view of the sea. (H1) {image}
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 154 KB
ex member
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