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Cable Update (GBPUSD)

  • #354,621
  • Nov 27, 2013 8:02am Nov 27, 2013 8:02am
Is there some attractive gravity in the roof? lol
Best time to plant a tree was 20 years ago, second best is now
  • #354,622
  • Nov 27, 2013 8:04am Nov 27, 2013 8:04am
Quoting deltaone
{quote} i never had a look to this kind of data unitl now. the ratios from ig: 82% short cable, 85% short eurusd, 79% short dow, 76% long gold. what a massacre. i good conta-indicator.
As with anything in the financi, when the crowd is running south, go north.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,623
  • Nov 27, 2013 8:07am Nov 27, 2013 8:07am
How much supply in this zone ?...weekly below .

83% per trade explorer are lots short !

Best Wishes
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it's all gone a bit........
  • #354,624
  • Nov 27, 2013 8:09am Nov 27, 2013 8:09am
Quoting PipTrapper
{quote} Yes of course. I still think the retailers have to be wiped out before this sucker goes south again.
Not quite. Everyone needs to be long before it does any kind of turn around. So I think there is still quite a bit of upward run to do. Another 1000 pips should do the trick. Then everyone of you will be long.
  • #354,625
  • Nov 27, 2013 8:12am Nov 27, 2013 8:12am
Quoting PipTrapper
{quote} As with anything in the financi, when the crowd is running south, go north.
animal spirits banging retails
fortis fortuna adiuvat
  • #354,626
  • Nov 27, 2013 8:16am Nov 27, 2013 8:16am
1.6328 is a tough nut to crack for now.

Diminishing momentum as well....this is a good time to book profits on the longs here @ 1.6319

Two pieces of news yet to be released for the day....
Hear the music before the song is over ...
  • #354,627
  • Nov 27, 2013 8:21am Nov 27, 2013 8:21am
Quoting Cowboy11
Do you all notice that, they just wipping off those who have set SL and pay for smaller group of people when they move? Need to trade in a different manner......... and the question is how???????
Let see whether what I said earlier is true...........
Face both Win and Lose bravely
  • #354,628
  • Nov 27, 2013 8:23am Nov 27, 2013 8:23am
Fact remains, the UK is the strongest economy in terms of general growth the last six months, and the USA can't even deliver some durable goods numbers that would bring some volatility short term, and that is not the first time..lol.

- Some whales aka dear Stanley Druckenmiller is long GBP-JPY
- Deutsche Bank trading desk is long the Pound as well
- In my humble opinion chances that there will be no tapering again, are increasing, what again would hammer the Dollar more.
- According to Bloomberg and other sources the UK could be one of the first countries to increase interest rates after the Euro Crisis,
so that again would boost the pound against counter parts. Talking rates, opposite speaks for Aussie, ( although they deny firmly..)
So it is clear that the GBP-AUD long is the trade with the best potential considering future eventualities.

Pullbacks are about 140-190 pips in size, have a look on the daily and monthly chart, there is still a lot of room to go.

Of course a black swan event can change that, but what are the chances for that? ...

Happy trading, be patient. It always comes back.
  • #354,629
  • Nov 27, 2013 8:34am Nov 27, 2013 8:34am
Quoting BeginnerJoe
{quote} Not quite. Everyone needs to be long before it does any kind of turn around. So I think there is still quite a bit of upward run to do. Another 1000 pips should do the trick. Then everyone of you will be long.
Isn't that what I just said?
Those who say it cannot be done should not interrupt those who are doing it
  • #354,630
  • Nov 27, 2013 8:59am Nov 27, 2013 8:59am
6289 kind support
once taken , hello 6240
  • #354,631
  • Nov 27, 2013 9:01am Nov 27, 2013 9:01am
best hunt ever!
http://www.edisproduction.de/2013/11...ncredible-way/
90% of traders use TA, indicators and prediction
  • #354,632
  • Nov 27, 2013 9:05am Nov 27, 2013 9:05am
Dont be happy, somewhere this H4 candlestick will turn around.
Face both Win and Lose bravely
  • #354,633
  • Nov 27, 2013 9:28am Nov 27, 2013 9:28am
you could be right.

Quoting julia2011
6289 kind support once taken , hello 6240
  • #354,634
  • Nov 27, 2013 9:29am Nov 27, 2013 9:29am
Looks like the GBP/USD hit that Weekly 161.8 fib level and bounced right off of it. Retrace to the downside follow through? We've yet to see.
  • #354,635
  • Nov 27, 2013 9:39am Nov 27, 2013 9:39am
Weekly-1.63 Major Res on GU
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  • #354,636
  • Nov 27, 2013 10:00am Nov 27, 2013 10:00am
We may as well face it, we're all gambling here. As far as I'm concerned, the triple top breakout was as close to a dead cert as you can get. But from here, it's just guesswork as to how far the market will push it. It could fail here, or it could be pushed up to 1.65. For those with patience, a drop back to 1.59 is a very high probability but it may take a week or a month to get there. Nobody knows.
I have no clue what I'm talking about.
  • #354,637
  • Nov 27, 2013 10:11am Nov 27, 2013 10:11am
Turn to month chart, it has not really break the month's R yet.
Face both Win and Lose bravely
  • #354,638
  • Nov 27, 2013 10:16am Nov 27, 2013 10:16am
Quoting Boy Wonder
We may as well face it, we're all gambling here. As far as I'm concerned, the triple top breakout was as close to a dead cert as you can get. But from here, it's just guesswork as to how far the market will push it. It could fail here, or it could be pushed up to 1.65. For those with patience, a drop back to 1.59 is a very high probability but it may take a week or a month to get there. Nobody knows.
We seldom encounter this type of situation, the triple top on H4 is just a correction to D, W and Month chart. It will happen once or twice a year.
Face both Win and Lose bravely
  • #354,639
  • Nov 27, 2013 10:21am Nov 27, 2013 10:21am
short gbp/nzd

cheers
  • #354,640
  • Nov 27, 2013 10:21am Nov 27, 2013 10:21am
Quoting julia2011
6289 kind support once taken , hello 6240
6275
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