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Cable Update (GBPUSD)

  • #354,221
  • Nov 25, 2013 10:57am Nov 25, 2013 10:57am
Quoting deltaone
trying a new long if cable > 1,6143
USD is on the runway ready for take off. Just sayin. Assess the risk carefully. I'm sure you know what you're doing, I'm just letting you know about the USD outlook in case you missed it.
Cheers.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,222
  • Nov 25, 2013 11:04am Nov 25, 2013 11:04am
Quoting PipTrapper
{quote} USD is on the runway ready for take off. Just sayin. Assess the risk carefully. I'm sure you know what you're doing, I'm just letting you know about the USD outlook in case you missed it. Cheers.

falling wedge on daily..formation looks like tomorrow we drop
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 56 KB
  • #354,223
  • Nov 25, 2013 11:08am Nov 25, 2013 11:08am
Quoting nAVIN2007
{quote} falling wedge on daily..formation looks like tomorrow we drop {image}
1.6090 and I'd be a happy man
  • #354,224
  • Nov 25, 2013 11:09am Nov 25, 2013 11:09am
Quoting PipTrapper
{quote} USD is on the runway ready for take off. Just sayin. Assess the risk carefully. I'm sure you know what you're doing, I'm just letting you know about the USD outlook in case you missed it. Cheers.
thanks. not a long distance runner. just scalping for minutes. S3 is often a good long entry for a few pips, i think.
cheers!
fortis fortuna adiuvat
  • #354,225
  • Nov 25, 2013 11:09am Nov 25, 2013 11:09am
Quoting RodMca
{quote} 1.6090 and I'd be a happy man
i think there very high probability
  • #354,226
  • Nov 25, 2013 11:11am Nov 25, 2013 11:11am
Quoting RodMca
{quote} 1.6090 and I'd be a happy man

tonight the new daily if on the otherside of trendline..u should see yur target
  • #354,227
  • Nov 25, 2013 11:16am Nov 25, 2013 11:16am
Quoting RodMca
{quote} 1.6090 and I'd be a happy man
Then you'll be even happier when we retest 5885 support... and maybe even break through this time.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,228
  • Nov 25, 2013 11:18am Nov 25, 2013 11:18am
Quoting nAVIN2007
{quote} falling wedge on daily..formation looks like tomorrow we drop {image}
I'm in ecstasy just thinking about it.
Uhq uhq Ahhhhhhhhh
Those who say it cannot be done should not interrupt those who are doing it
  • #354,229
  • Nov 25, 2013 11:19am Nov 25, 2013 11:19am
Quoting sakisf
These are my targets for the week. I am only affraid of the 200EMA sending it upward or if it goes back to 1.62 by tonight. {image}
1.62 by tonight is a bit of a stretch, but I guess anything is possible... even a 1.20 E/U I suppose
Anyway, don't listen to me. I'm clearly biased.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,230
  • Nov 25, 2013 11:20am Nov 25, 2013 11:20am
Quoting deltaone
{quote} thanks. not a long distance runner. just scalping for minutes. S3 is often a good long entry for a few pips, i think. cheers!
Cool
Those who say it cannot be done should not interrupt those who are doing it
  • #354,231
  • Nov 25, 2013 11:22am Nov 25, 2013 11:22am
Quoting PipTrapper
{quote} I'm in ecstasy just thinking about it. Uhq uhq Ahhhhhhhhh
  • #354,232
  • Nov 25, 2013 11:23am Nov 25, 2013 11:23am
Quoting nAVIN2007
{quote}
GBP/LFX outside day reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfxdaily.png Size: 61 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #354,233
  • Nov 25, 2013 11:24am Nov 25, 2013 11:24am
Quoting nAVIN2007
{quote} i think there very high probability
It doesn't have to be tonight but even by Wednesday although a repeat of today would leave me sitting nice and pretty after taking a huge loss on my AUDNZD long
  • #354,234
  • Nov 25, 2013 11:25am Nov 25, 2013 11:25am
Quoting PipTrapper
{quote} GBP/LFX outside day reversal. {image}
what instrument is that ?
  • #354,235
  • Nov 25, 2013 11:26am Nov 25, 2013 11:26am
Quoting PipTrapper
{quote} Then you'll be even happier when we retest 5885 support... and maybe even break through this time.
One step at a time huge volume build at that level so I suspect to find pretty strong support there I have Tp there for my shorts at 1.6220 But if it looks convincly bearish again tomorrow I may move it, I wonder what thin volume on thanksgiving will bring

But I am also short at 1.6070 with a target of 1.59
  • #354,236
  • Nov 25, 2013 11:28am Nov 25, 2013 11:28am
Quoting PipTrapper
{quote} GBP/LFX outside day reversal. {image}
yes bro ..we convered all bases only now hopefully this damn thing will do what technically required
  • #354,237
  • Nov 25, 2013 11:32am Nov 25, 2013 11:32am
people squaring up books and booking profit before holiday weekend if causing a great "BEAR" joy in the thread!

pls dont forget
1) inflation report tomorrow
2) GDP on Wednesday

Services makes 75%% of UK's gdp and services PMI was 62.5 two weeks ago.. major beat in services most likely will be followed by a beat in GDP

Just giving my two cents - good bargain price to get long now!
  • #354,238
  • Nov 25, 2013 11:36am Nov 25, 2013 11:36am
since thursday is thanksgiving, people will take wednesday and friday off.. the reason i mention this is that IF UK GDP is a beat, there wont be much volume to counter the move.. result- it will be a massive spike up destroying shorts!!

"IF" UK gdp is a beat i said - which services PMI points will be!

be careful..
  • #354,239
  • Nov 25, 2013 11:40am Nov 25, 2013 11:40am
Quoting akki300986
people squaring up books and booking profit before holiday weekend if causing a great "BEAR" joy in the thread! pls dont forget 1) inflation report tomorrow 2) GDP on Wednesday Services makes 75%% of UK's gdp and services PMI was 62.5 two weeks ago.. major beat in services most likely will be followed by a beat in GDP Just giving my two cents - good bargain price to get long now!
yur a fundamental trader looking at news report but not charts..i can tell long term technically i see 1.35 slim chance bullish above 1.7

and the market is setting up the bear formation as we speak (but for sure i can be wrong)
  • #354,240
  • Nov 25, 2013 11:41am Nov 25, 2013 11:41am
Services PMI
Actual
Consensus
Previous11-05-2013 (Oct)
62.5
59.8
60.3
10-03-2013 (Sep)
60.3
60.0
60.5
09-04-2013 (Aug)
60.5
59.0
60.2
08-05-2013 (Jul)
60.2
57.2
56.9

notice July , August, Sep were massive beats in Services PMI.. this was quarter three for which GDP will be reported on Wednesday and services is 75% of GDP.. pls do the maths!
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