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Cable Update (GBPUSD)

  • #353,761
  • Nov 20, 2013 4:36pm Nov 20, 2013 4:36pm
As we've recently discussed fundies, i love zerohedge for a range of views...

http://www.zerohedge.com/news/2013-1...ks-strong-euro

http://www.zerohedge.com/news/2013-1...-bank-failures

Food for thought in either article and the rest of the site has v interesting info.
  • #353,762
  • Nov 20, 2013 6:22pm Nov 20, 2013 6:22pm
We break 1.6090 and it's game over for GBP.... Momentum is already to the downside on all dollar pairs right now. EU and AU more so because they were already in a downtrend to begin with. GU not so much but I don't think it will escape this one
  • #353,763
  • Nov 20, 2013 6:37pm Nov 20, 2013 6:37pm
Quoting Ck87
We break 1.6090 and it's game over for GBP
Game over? What does that mean?
  • #353,764
  • Nov 20, 2013 6:42pm Nov 20, 2013 6:42pm
Means expect at least a 100 pip drop from that level in very short term. I do think EU will make new lows this session. The momentum to downside is very compelling.

Who really knows though, price can do anything it wants to do at any time and these markets are definitely here to confuse like navin said
  • #353,765
  • Nov 20, 2013 6:48pm Nov 20, 2013 6:48pm
Well, we broke 1.6090. Game over?
  • #353,766
  • Nov 20, 2013 6:57pm Nov 20, 2013 6:57pm
Well clearly when I say break 1.6090 i don't mean for 5 minutes, but yeah it's kind of stupid to say
  • #353,767
  • Nov 20, 2013 7:00pm Nov 20, 2013 7:00pm
Quoting Ck87
Means expect at least a 100 pip drop from that level in very short term. I do think EU will make new lows this session. The momentum to downside is very compelling. Who really knows though, price can do anything it wants to do at any time and these markets are definitely here to confuse like navin said
I really disagree. It'd be great if you were right but i dont see it. And why 6090 specifically?
  • #353,768
  • Nov 20, 2013 7:01pm Nov 20, 2013 7:01pm
Quoting Ck87
Well clearly when I say break 1.6090 i don't mean for 5 minutes, but yeah it's kind of stupid to say
werent you the person saying it's all rigged not so long ago?
  • #353,769
  • Nov 20, 2013 7:04pm Nov 20, 2013 7:04pm
It definitely is all rigged, every market, every currency, no doubt in my mind. But I was def going a little insane from no sleep and over sized positions
  • #353,770
  • Nov 20, 2013 7:09pm Nov 20, 2013 7:09pm
A lot of news from US on Thursday if it does not disappoint Cable will take a hit.
  • #353,771
  • Nov 20, 2013 7:22pm Nov 20, 2013 7:22pm
Quoting lostintrade
A lot of news from US on Thursday if it does not disappoint Cable will take a hit.

And if it does disappoint?
  • #353,772
  • Nov 20, 2013 7:51pm Nov 20, 2013 7:51pm
Quoting Baggi
{quote} And if it does disappoint?
Then it will retest the resistance at 1.6148, possible 1.6179
  • #353,773
  • Nov 20, 2013 8:01pm Nov 20, 2013 8:01pm
take note fellow trader ,bearish set up d1 cable I mean very bearish just like eu

Quoting Bones
I think whats important is the fundamental animal generally is far bigger than your knowledge of this one point ,if correct or not ,and its not tradable as I see eu and gu down lol ej also ,au down ,$ gonna be very bullish {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #353,774
  • Nov 20, 2013 8:04pm Nov 20, 2013 8:04pm
hey g nice to see you back and your experience much needed

Quoting GlobalMacro
{quote} Nice charts as always, Tony. I'm with you on this one as well, but will book what's on if she starts hanging over...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #353,775
  • Nov 20, 2013 8:20pm Nov 20, 2013 8:20pm
Quoting Ck87
Well clearly when I say break 1.6090 i don't mean for 5 minutes, but yeah it's kind of stupid to say
1.6085 perhaps...
Peace Yo!
  • #353,776
  • Nov 20, 2013 8:43pm Nov 20, 2013 8:43pm
6045
Pecuniae obediunt omnia
  • #353,777
  • Nov 20, 2013 10:14pm Nov 20, 2013 10:14pm
GU not a good pair to trade, try EU, EJ or EG.
Face both Win and Lose bravely
  • #353,778
  • Nov 20, 2013 10:18pm Nov 20, 2013 10:18pm
For Dollar Index desirable target 81.36
Attached Image (click to enlarge)
Click to Enlarge Name: [USDX]H2-2.png Size: 73 KB
The Market pays you to be disciplined
  • #353,779
  • Nov 20, 2013 10:28pm Nov 20, 2013 10:28pm
too slow and boring
The fragrance remains in the hands of those that gves the rose
  • #353,780
  • Nov 20, 2013 10:32pm Nov 20, 2013 10:32pm
Quoting Bones
take note fellow trader ,bearish set up d1 cable I mean very bearish just like eu {quote}
Can you explain your view with a chart?
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