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Cable Update (GBPUSD)

  • #356,381
  • Dec 18, 2013 8:19am Dec 18, 2013 8:19am
Quoting TauTrader
EU 30 min chart shows a long trade in the making Regards
yes, but this is GU thread
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #356,382
  • Dec 18, 2013 8:26am Dec 18, 2013 8:26am
Quoting elbert3
{quote} i thought your 1.670 was interesting thou, i was covering with asd usd shorts looking to go short again , it seems like there is a small delay on them pair moving with gbpusd, i am hoping when and if the gbp drops should see asd down to 8882have a look
I wouldn't bank on any reliable correlations between the commodity currencies and European currencies.
Those correlations went out the window many weeks ago.
I think the Aussie still needs to take a bit more of a beating.
Anyway, the size and composition of the taper, plus any additional changes in forward guidance by the Fed could change the entire landscape, Best to reduce exposure until we have a chance to see what the statement contains, what Benny says in the press conference, and most important, how the market reacts to it.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,383
  • Dec 18, 2013 8:35am Dec 18, 2013 8:35am
Quoting Gloryrose
{quote} Can u share ur IND?thanks
Good day to you, sir

Unfortunately no.

Regards
  • #356,384
  • Dec 18, 2013 8:37am Dec 18, 2013 8:37am
Quoting TauTrader
Scalping short on the 5min - could be a few pips there.. Looking to again test a pattern on the indi. Regards {image}
Rule violated - closed for loss

Regards
  • #356,385
  • Dec 18, 2013 8:52am Dec 18, 2013 8:52am
there is heavy selling between 1.6380-1.6390. will be tough for GBP to cross 1.6400-10 today till bernanke. price will probably stay here till option expiry and then turn south
  • #356,386
  • Dec 18, 2013 8:56am Dec 18, 2013 8:56am
upside momentum is lagging in eurusd, gu, shorting this beautiful lady 1.6385 tp 1.6350 for fast pips.
  • #356,387
  • Dec 18, 2013 9:00am Dec 18, 2013 9:00am
Quoting PipTrapper
{quote} I wouldn't bank on any reliable correlations between the commodity currencies and European currencies. Those correlations went out the window many weeks ago. I think the Aussie still needs to take a bit more of a beating. Anyway, the size and composition of the taper, plus any additional changes in forward guidance by the Fed could change the entire landscape, Best to reduce exposure until we have a chance to see what the statement contains, what Benny says in the press conference, and most important, how the market reacts to it.
yes i find it hard to change tac sometimes when in the back of your mind tells you to short to below 1.600 i will wait untill the news 60/50 short ............ i think LOL been long to long
  • #356,388
  • Dec 18, 2013 9:02am Dec 18, 2013 9:02am
Is it right shoulder?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 44 KB
  • #356,389
  • Dec 18, 2013 9:03am Dec 18, 2013 9:03am
Any other day I would short this for few dozen pips-not today due to FOMC. RSI 1hr overbought NFP swing high

http://charts.mql5.com/3/368/gbpusd-...orporation.png
  • #356,390
  • Edited 9:22am Dec 18, 2013 9:03am | Edited 9:22am
Quoting PipTrapper
{quote} I wouldn't bank on any reliable correlations between the commodity currencies and European currencies. Those correlations went out the window many weeks ago. I think the Aussie still needs to take a bit more of a beating. Anyway, the size and composition of the taper, plus any additional changes in forward guidance by the Fed could change the entire landscape, Best to reduce exposure until we have a chance to see what the statement contains, what Benny says in the press conference, and most important, how the market reacts to it.
I am pulling my shorts up LOL
  • #356,391
  • Dec 18, 2013 9:05am Dec 18, 2013 9:05am
Quoting ThisPip
{quote} So you are the one that's buying AFTER a move in price into structural resistance huh? :nerd:
tt
My tp hit,and yes i prefer to be clever and no looser...how its sound 2 u?
when GOD brings you a challenge he also gives you the power to deal with it
  • #356,392
  • Dec 18, 2013 9:10am Dec 18, 2013 9:10am
Quoting eitan1010
{quote} tt My tp hit,and yes i prefer to be clever and no looser...how its sound 2 u?
Congrats to the trade, glad it worked out for you.

  • #356,393
  • Dec 18, 2013 9:13am Dec 18, 2013 9:13am
GU is flying at 38000ft! crazy ! manipulation ? or real move? please share your analysis ..Cheers.
The difference between gambling and speculating is risk management
  • #356,394
  • Dec 18, 2013 9:15am Dec 18, 2013 9:15am
Quoting ThisPip
{quote} Congrats to the trade, glad it worked out for you.
Thanks buddy
when GOD brings you a challenge he also gives you the power to deal with it
  • #356,395
  • Dec 18, 2013 9:19am Dec 18, 2013 9:19am
Quoting Megatanit
GU is flying at 38000ft! crazy ! manipulation ? or real move? please share your analysis ..Cheers.

Well...the banks need to make more money selling at a higher price
Take what the market gives you.
  • #356,396
  • Dec 18, 2013 9:20am Dec 18, 2013 9:20am
Quoting Megatanit
GU is flying at 38000ft! crazy ! manipulation ? or real move? please share your analysis ..Cheers.
If this is manipulation, then it is manipulation of the econ data.
Unemployment dropped to 7.4% from 7.6% prior, and avg earnings up 0.9% from 0.7% prior which was also revised up to 0.8%

If those kinds of numbers don't produce a rally, nothing will.
Those who say it cannot be done should not interrupt those who are doing it
  • #356,397
  • Dec 18, 2013 9:27am Dec 18, 2013 9:27am
Quoting Megatanit
GU is flying at 38000ft! crazy ! manipulation ? or real move? please share your analysis ..Cheers.
Suprising to me as well. But then 1 scenario suddenly dawned on me.

The correlation between s&p500 and the dollar (and therefore gbpusd strength or weakness) was lately like, up index, up dollar, or other way when down.
The dollar safe heaven behaviour was not to be seen in late months a lot.

So, what if bigger players already have or are pricing in NO TAPER and there for are (or were earlier) buying counter parts of the dollar,
in regards to that factor. It is unlikely that we see a substantial up move in equities, and i am short a dax cfd.

To check when that correlation changes, i keep my dollar index chart on at all time. Same for s&p500.
I favor a small sell off in equities, and dollar would follow if that what i just wrote plays out.
  • #356,398
  • Dec 18, 2013 9:50am Dec 18, 2013 9:50am
Quoting PipTrapper
{quote} If this is manipulation, then it is manipulation of the econ data. Unemployment dropped to 7.4% from 7.6% prior, and avg earnings up 0.9% from 0.7% prior which was also revised up to 0.8% If those kinds of numbers don't produce a rally, nothing will.
Yes,but don't forget this: "BOE says further $GBPUSD gains would weaken recovery.".
  • #356,399
  • Dec 18, 2013 9:51am Dec 18, 2013 9:51am
Thanks guys i Like your analysis, many people wonder how Taper Or NO taper will effect GBP/USD - EUR/USD & Gold..

We need your points and ideas to secure our accounts today after FOMC.

Good to share this with all members here,unless some market makers are present here lool..Thanks
The difference between gambling and speculating is risk management
  • #356,400
  • Dec 18, 2013 10:17am Dec 18, 2013 10:17am
Quoting PipTrapper
{quote} If this is manipulation, then it is manipulation of the econ data. Unemployment dropped to 7.4% from 7.6% prior, and avg earnings up 0.9% from 0.7% prior which was also revised up to 0.8% If those kinds of numbers don't produce a rally, nothing will.

I agree, but what I find surprising is the strength and the size of this move on FOMC day. You would think that some uncertainty regarding the Fed would cap the rally to some extent and cause some profit taking along the way, but so far it's been one way up and a big range day...
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