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Cable Update (GBPUSD)

  • #352,801
  • Nov 12, 2013 2:10am Nov 12, 2013 2:10am
Quoting nAVIN2007
{quote} what do u have downstairs that resembles nuts?
Ahahahahahaha, didn't have my coffee yet
  • #352,802
  • Nov 12, 2013 2:11am Nov 12, 2013 2:11am
Quoting JimmyC
Howzit GU! I guess it till tomorrow then, jobs and Carnage talking... We know where he'd like it, he said no rates increase yet... Does the market believe him yet? Or is he going to surprise us? G/L {image}

it is still on upside and i think today's move is a bit controversial in tomorrow's context. if we get a good jobs report then we may get a even bigger rally
  • #352,803
  • Nov 12, 2013 2:25am Nov 12, 2013 2:25am
http://www.forexfactory.com/showthre...80#post7083380

Nice developments so far , yes weekly target reach gu also & closed to see next scalpings if again down afterwards in this week !!> early bottoming , 2 days ok to further extension even to 5721 breaks also OK if huge pressure , >try bounce more or less next 2 days > crush to further down or bottom at least last day !!possible , anyway all same as pld analyses so far continues this week .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #352,804
  • Nov 12, 2013 2:26am Nov 12, 2013 2:26am
Quoting giveachance
{quote} it is still on upside and i think today's move is a bit controversial in tomorrow's context. if we get a good jobs report then we may get a even bigger rally
I disagree. Good numbers for CPI, Employment and GDP were already priced in. So good numbers may deliver a small rally but that would be a selling opportunity. Bad numbers break down the structure and provides fuel to the bears.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,805
  • Nov 12, 2013 2:27am Nov 12, 2013 2:27am
difficult balancing act these central bankers have !? - merest hint that cheap money is coming to an end, as Bernanke found in summer last year and the equity/bond markets threw their toys out of the pram...but it will happen ! - As for tomorrow - higher probability given un-emp data and Carney speaking in Uk is for an upside move ? but depends how far Carney distances himself from the Un-emp at 7% not necessarily meaning rate rise ? We'll see.

Best Wishes.
it's all gone a bit........
  • #352,806
  • Nov 12, 2013 2:29am Nov 12, 2013 2:29am
Quoting PipTrapper
{quote} I disagree. Good numbers for CPI, Employment and GDP were already priced in. So good numbers may deliver a small rally but that would be a selling opportunity. Bad numbers break down the structure and provides fuel to the bears.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #352,807
  • Nov 12, 2013 2:30am Nov 12, 2013 2:30am
Gu daily.

If daily close below 1.59 area, will add more shorts. Shorts in play for now. GL
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  • #352,808
  • Nov 12, 2013 2:34am Nov 12, 2013 2:34am
Quoting PipTrapper
{quote} I disagree. Good numbers for CPI, Employment and GDP were already priced in. So good numbers may deliver a small rally but that would be a selling opportunity. Bad numbers break down the structure and provides fuel to the bears.

  • #352,809
  • Nov 12, 2013 2:34am Nov 12, 2013 2:34am
Quoting PipTrapper
{quote} I disagree. Good numbers for CPI, Employment and GDP were already priced in. So good numbers may deliver a small rally but that would be a selling opportunity. Bad numbers break down the structure and provides fuel to the bears.
this is a pump and dump scenario..cable has done fantastic to rise from 1.48..how many accounts have blown by people not using stop loss now its longs which have to be concerned..a wipeout of the board b4 the real move..

1.63 needs to break b4 this is bullish and we are at 1.4850..the bear has just bitch slapped the bull..only the strong will prevail


Inserted Video


this bear aint playin
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  • #352,810
  • Nov 12, 2013 2:38am Nov 12, 2013 2:38am
Quoting nAVIN2007
{quote} this is a pump and dump scenario..cable has done fantastic to rise from 1.48..how many accounts have blown by people not using stop loss now its longs which have to be concerned..a wipeout of the board b4 the real move.. 1.63 needs to break b4 this is bullish and we are at 1.4850..the bear has just bitch slapped the bull..only the strong will prevail http://www.youtube.com/watch?v=WoLVWvqEwzs this bear aint playin {image}
Hi Navin,

Excellent Resolve - good job on holding firm. What do you think about a rate increase tomorrow, however slim the chance might be?

Regards
  • #352,811
  • Nov 12, 2013 2:38am Nov 12, 2013 2:38am
1.55 here we come
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #352,812
  • Nov 12, 2013 2:41am Nov 12, 2013 2:41am
Quoting Davit
{quote} Thanks Pip and Nav I hope you guys ripped some pips as well I just need 1.57 or lower to get out of Cable chains...
Davit...my long term tgt is @ bat tgt 5570/30(50% fibo) but needs to overcome 61.8% fib first @5760area
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  • #352,813
  • Nov 12, 2013 2:42am Nov 12, 2013 2:42am
Quoting Pumpndump
{quote} Hi Navin, Excellent Resolve - good job on holding firm. What do you think about a rate increase tomorrow, however slim the chance might be? Regards

not sure..i only read charts i have looked at the big picture..USD will become strong and cable will fall, the move hasnt even began..there many pips south
the trade is just setting up..

be careful ..many are going to long this and it will fall (freefall) fast..is my feeling, dont get caught (need tight stop if u try)
ofcourse i can be wrong
  • #352,814
  • Nov 12, 2013 2:50am Nov 12, 2013 2:50am
100% sure there won't be a Uk rate increase tomorrow - it is not a Boe Mpc meet where rates are set - but a quarterly inflation report.....the markets will have to assess when that rate increase may be and whether the report and press conf tomorrow brings it closer or farther away.

Best Wishes.

Quoting Pumpndump
{quote} Hi Navin, Excellent Resolve - good job on holding firm. What do you think about a rate increase tomorrow, however slim the chance might be? Regards
it's all gone a bit........
  • #352,815
  • Nov 12, 2013 2:55am Nov 12, 2013 2:55am
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  • #352,816
  • Nov 12, 2013 3:07am Nov 12, 2013 3:07am
We are watching price action of GBPUSD right now, after break through 1.5900 to the downside. Look at 1.5895-1.5915 zone as a level to open short position. Be aware of possible fake out that will keep GBPUSD in consolidation between 1.5900 and 1.6250. Waiting for signs of weakness around 1.5900 is crucial.
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Price Action + KISS + PIE = Forex-Entourage
  • #352,817
  • Nov 12, 2013 3:11am Nov 12, 2013 3:11am
Cable has bounced off the lower range of a clear and strong downtrend going back a couple of weeks at the 1.5855 mark. Will it bounce upwards and break through? It seems that there may now be an upward movment.
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  • #352,818
  • Nov 12, 2013 3:20am Nov 12, 2013 3:20am
cool



Quoting aBitWonKy
{quote} fair enough - it was just a view. I wasn't saying it was going up, just drawing attention to the potential structure in weekly. But you are right, it was messy. And now it's fu*ked anyway
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,819
  • Nov 12, 2013 3:29am Nov 12, 2013 3:29am
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  • #352,820
  • Nov 12, 2013 3:32am Nov 12, 2013 3:32am
Quoting 16Nov16
Cable has bounced off the lower range of a clear and strong downtrend going back a couple of weeks at the 1.5855 mark. Will it bounce upwards and break through? It seems that there may now be an upward movment. {image}
nice sir... just like andrew's pf....
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