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Cable Update (GBPUSD)

  • #353,001
  • Nov 13, 2013 4:57am Nov 13, 2013 4:57am
Quoting nAVIN2007
{quote} watch and see
Likelihood of 7% Jobless Rate to 3Q 2015
  • #353,002
  • Nov 13, 2013 4:59am Nov 13, 2013 4:59am
Quoting nAVIN2007
{quote} its finished.. {image}

Agreed.

Now if EU can just give up at this 1.3416 level.... bye bye GU

#bearclaw
  • #353,003
  • Nov 13, 2013 5:00am Nov 13, 2013 5:00am
HFT [ high frequency trading ] makes retail trades helpless on news unless you are a positional trader

glad i entered gu longs 2 hours before news on trend confirmation

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  • #353,004
  • Nov 13, 2013 5:00am Nov 13, 2013 5:00am
Quoting JimmyC
{quote} Likelihood of 7% Jobless Rate to 3Q 2015
  • #353,005
  • Nov 13, 2013 5:02am Nov 13, 2013 5:02am
Quoting JimmyC
{quote} Likelihood of 7% Jobless Rate to 3Q 2015
GU M5

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  • #353,006
  • Nov 13, 2013 5:03am Nov 13, 2013 5:03am
Quoting PatienceFx
HFT [ high frequency trading ] makes retail trades helpless on news unless you are a positional trader glad i entered gu longs 2 hours before news on trend confirmation {image}

looking forward to re-entering longs on a new bb squeeze setup

till then enjoy the market chatter
  • #353,007
  • Nov 13, 2013 5:09am Nov 13, 2013 5:09am
1hour and daily...will 1hr former resistance/50% fib hold or give way ?

Best wishes.
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it's all gone a bit........
  • #353,008
  • Nov 13, 2013 5:12am Nov 13, 2013 5:12am
Quoting nAVIN2007
{quote} any idea what he has said..the thing has moved 100 pips the wrong way
"wrong" is very relative

Carney is very positive about the economy, brings forward likelihood of 7% UE rate which is their threshold...Yields and pound reacting to THAT. Data vs todays statement is now mixed. The range of 1.59-1.625 now fully justified (even the upper end). Logic tells me it should trade higher but the Dec taper fear pretty much makes it a wild card.

BOE has set the base, better than expected (or better than previous) data is now needed.
  • #353,009
  • Nov 13, 2013 5:14am Nov 13, 2013 5:14am
Quoting lumesh
{quote} "wrong" is very relative Carney is very positive about the economy, brings forward likelihood of 7% UE rate which is their threshold...Yields and pound reacting to THAT. Data vs todays statement is now mixed. The range of 1.59-1.625 now fully justified (even the upper end). Logic tells me it should trade higher but the Dec taper fear pretty much makes it a wild card. BOE has set the base, better than expected (or better than previous) data is now needed.

Logic? such a thing exists in markets? weird
  • #353,010
  • Nov 13, 2013 5:17am Nov 13, 2013 5:17am
Quoting Ck87
{quote} Logic? such a thing exists in markets? weird
it does, you just dont get it!!
  • #353,011
  • Nov 13, 2013 5:21am Nov 13, 2013 5:21am
Quoting PatienceFx
HFT [ high frequency trading ] makes retail trades helpless on news unless you are a positional trader glad i entered gu longs 2 hours before news on trend confirmation {image}

going long gu again tp 1.6010
  • #353,012
  • Nov 13, 2013 5:25am Nov 13, 2013 5:25am
Quoting Ck87
{quote} Logic? such a thing exists in markets? weird
not a market logic, my logic

to answer to your question then, yes you are right, fundamental logic exists only vaguely (luckily for all the tech gurus). That's what you get in a zero sum world.
  • #353,013
  • Nov 13, 2013 5:34am Nov 13, 2013 5:34am
Here is what I am trading:

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  • #353,014
  • Nov 13, 2013 5:38am Nov 13, 2013 5:38am
Quoting lumesh
{quote} "wrong" is very relative Carney is very positive about the economy, brings forward likelihood of 7% UE rate which is their threshold...Yields and pound reacting to THAT. Data vs todays statement is now mixed. The range of 1.59-1.625 now fully justified (even the upper end). Logic tells me it should trade higher but the Dec taper fear pretty much makes it a wild card. BOE has set the base, better than expected (or better than previous) data is now needed.
no way pound is going back to 1.62..unless USD is dumped ..it just not in the charts
is my thoughts
  • #353,015
  • Nov 13, 2013 5:42am Nov 13, 2013 5:42am
Pound is bearish until 1.6120's highs holding.Test of 5840's is highly probbale and when it happens and especially if it establishes above 5840 from below after visiting 5750's or any other.. AFter this it will proceed for 6380's test
69
  • #353,016
  • Nov 13, 2013 5:45am Nov 13, 2013 5:45am
Quoting Likerty
Pound is bearish until 1.6120's highs holding.Test of 5840's is highly probbale and when it happens and especially if it establishes above 5840 from below after visiting 5750's or any other.. AFter this it will proceed for 6380's test

wow to that analysis
  • #353,017
  • Nov 13, 2013 5:47am Nov 13, 2013 5:47am
Quoting nAVIN2007
{quote} no way pound is going back to 1.62..unless USD is dumped ..it just not in the charts is my thoughts
where u seeing gbp in coming days!!
  • #353,018
  • Nov 13, 2013 5:49am Nov 13, 2013 5:49am
Quoting Likerty
Pound is bearish until 1.6120's highs holding.Test of 5840's is highly probbale and when it happens and especially if it establishes above 5840 from below after visiting 5750's or any other.. AFter this it will proceed for 6380's test
Great, you're right. thanks for sharing
  • #353,019
  • Nov 13, 2013 5:58am Nov 13, 2013 5:58am
Quoting nAVIN2007
{quote} no way pound is going back to 1.62..unless USD is dumped ..it just not in the charts is my thoughts

fair enough...but look again at your conflicting arguments: "no way pound is going back to 1.62..unless USD is dumped". What does that even mean ?
  • #353,020
  • Nov 13, 2013 6:01am Nov 13, 2013 6:01am
ok seems to have held ,ill wait for h4 close back in gap I take bearish
gbp jpy tl held again
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