Cable Update (GBPUSD) | Page 17707 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #354,121
  • Nov 25, 2013 12:59am Nov 25, 2013 12:59am
Unfortunately what iv learned over the years is market is about perception rather than facts...fundamentals may point out uk has high inflation/no wage growth/high public n government debt/a housing market that hasn't really corrected...but perception is that it's more likely to raise interest rates before euro n possibly USA too...retail is 85% short on pound...pound has been in a monthly pennant for ages now, a false break up to 1.7 kills the shorts, convinces the longs and hey presto when tapering is announced, probably march at earliest (why taper in jan/feb with debt ceiling unresolved) then the market can fall over again...
  • #354,122
  • Nov 25, 2013 1:05am Nov 25, 2013 1:05am
@money, taper is a very bad news for Yen and yen crosses can suffer leading gbp/jpy to over 180+.. If US delays taper then commodity currencies will rise and also the yen which is a risk on/off currency as USD will be weak by then..
  • #354,123
  • Nov 25, 2013 1:25am Nov 25, 2013 1:25am
Quoting veer2010
@money, taper is a very bad news for Yen and yen crosses can suffer leading gbp/jpy to over 180+.. If US delays taper then commodity currencies will rise and also the yen which is a risk on/off currency as USD will be weak by then..
I made this mistake years ago as well thinking if dollar weakens all majors rise...it's no longer a risk on/risk off environment...the yen is no longer a safe haven, it's printing like mad and more likely to default over the next decade compared to even the euro...point is USD/JPy is going to target n stay above 100/110, pound may range against dollar due to increased employment/decreasing inflation...and tapering I think won't happen till after feb 2014
  • #354,124
  • Nov 25, 2013 1:38am Nov 25, 2013 1:38am
when tapering starts then dollar should be stronger not weaker because less printing?
The Market pays you to be disciplined
  • #354,125
  • Nov 25, 2013 2:31am Nov 25, 2013 2:31am
Good Morning!
Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD

http://www.forexfactory.com/showthre...70#post7111470
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #354,126
  • Nov 25, 2013 2:33am Nov 25, 2013 2:33am
the downtrend has begun, good luck to all
  • #354,127
  • Nov 25, 2013 2:35am Nov 25, 2013 2:35am
Quoting Kevingreene
the downtrend has begun, good luck to all
Pecuniae obediunt omnia
  • #354,128
  • Nov 25, 2013 2:35am Nov 25, 2013 2:35am
Quoting Kevingreene
the downtrend has begun, good luck to all
The (in)famous downtrend, oh that is a great news!

  • #354,129
  • Nov 25, 2013 2:46am Nov 25, 2013 2:46am
Quoting Kevingreene
the downtrend has begun, good luck to all
No chance they leave those juicy stops above 1.6265 alone!!
Loser trying to become a winner!
  • #354,130
  • Nov 25, 2013 2:54am Nov 25, 2013 2:54am
i will not relate position before the data (mortgage approvals) come, altough i think long would make sense above 1,6210 -> 1,6243.
fortis fortuna adiuvat
  • #354,131
  • Nov 25, 2013 3:02am Nov 25, 2013 3:02am
Quoting MyOpinion
{quote} No chance they leave those juicy stops above 1.6265 alone!!
Yeah.
But I really want to see how they manage to take them out.
  • #354,132
  • Nov 25, 2013 3:09am Nov 25, 2013 3:09am
GU M15

Bulls to re-attempt this level imo
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 56 KB
  • #354,133
  • Nov 25, 2013 3:14am Nov 25, 2013 3:14am
Bulls are history for a while....
The Market pays you to be disciplined
  • #354,134
  • Nov 25, 2013 3:16am Nov 25, 2013 3:16am
6183 to 6177 is dangerous ground too.
  • #354,135
  • Nov 25, 2013 3:21am Nov 25, 2013 3:21am
acb bids at 1.6165-70. may test that if 1.6180 breaks. can be a hard run down for the stops. be careful

1.6175 is the pivot on H4. below that may target 1.6140 and 1.61
  • #354,136
  • Edited 3:45am Nov 25, 2013 3:23am | Edited 3:45am
New mortgage approvals at 9:30 will be good

Edit: Not as good as forecast but still the second highest number for more than 3 years... (can you sense that I have an open long cable position )
  • #354,137
  • Nov 25, 2013 3:47am Nov 25, 2013 3:47am
Middle east on the offers at 1.6240-50. so now we have bids at 1.6165-70 and offers at 1.6240-50
  • #354,138
  • Nov 25, 2013 3:50am Nov 25, 2013 3:50am
Quoting samalmoore
New mortgage approvals at 9:30 will be good Edit: Not as good as forecast but still the second highest number for more than 3 years... (can you sense that I have an open long cable position )
i got long at 1,6195. wait and see...
fortis fortuna adiuvat
  • #354,139
  • Nov 25, 2013 3:51am Nov 25, 2013 3:51am
Quoting deltaone
{quote} i got long at 1,6195. wait and see...

that is a wrong price to be long. either put an order post 1.6216 or buy near 1.6140
  • #354,140
  • Nov 25, 2013 4:02am Nov 25, 2013 4:02am
he's just sore cause he's been nursing short positions for a while as it has continued up...if they're not calling it names they're screaming manipulation lol...high correlation between traders with losing positions and those doing this....ie it's the market's fault not theirs...they are right the market must be wrong !

Best Wishes.

Quoting Pumpndump
{quote} That's my Great British Pound you talk of, and if we talk relative terms i.e ten/twenty years or so, a move up from here would not surprise me one bit lets look at gbp when it was 2/1 on the dollar and 3/2 on the euro.....we are not going back far my good man. Things are by no means the same as then, I'm just saying keep a broad mind, and for what it's worth all of my fellow medium sized business owners in London say it's on the bounce and order books are full. That's on the street where people are real and real things are happening. Not...
it's all gone a bit........
321 traders viewing now