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Cable Update (GBPUSD)

  • #356,781
  • Dec 27, 2013 6:03am Dec 27, 2013 6:03am
Quoting PipTrapper
{quote} Hmm Not sure about that. The bottom has now risen. I'd say no lower than 6250 now. On another note, after such a massive short squeeze, FF retail crowd still massively short. Obvious high tolerance for pain. {image}
Ok thanks.
Don't be smart. Be rich.
  • #356,782
  • Dec 27, 2013 6:12am Dec 27, 2013 6:12am
Major barriers knocked out -- at L O N G last!

Today's high 1.6578

Will continue to carry my long positions.

Alright......Bulls....show 'em how we do it.......!!!!
Attached Image
Hear the music before the song is over ...
  • #356,783
  • Dec 27, 2013 6:23am Dec 27, 2013 6:23am
If you was short here's to you http://www.easyfreesmileys.com/smileys/lol-061.gif
  • #356,784
  • Dec 27, 2013 6:23am Dec 27, 2013 6:23am
Quoting GlobalMacro
Major barriers knocked out -- at L O N G last! Today's high 1.6578 Will continue to carry my long positions. Alright......Bulls....show 'em how we do it.......!!!! {image}
I must admit that I'vnt seen so much bullishness when you posted your charts few weeks ago. And I still miss it. But you were/are right. Are you targeting 1.69xx ? If yes, what gives you in the chart that confidence ? that I'd like to develop also.
Thanks.
Don't be smart. Be rich.
  • #356,785
  • Dec 27, 2013 6:37am Dec 27, 2013 6:37am
Quoting PipTrapper
{quote} {image}

Lol agree ... do you think ..will it drop at least 1.6400?? So can close shorts ..in fact i rarely trade on fx pairs .....i only trade on gold .....there was almost no loss since 6 months ..first time i stuck with up shorts ... on euro n ebp ...iam so stupid ... i blindly took shorts ..no fundamentals ..no techncials ..how foolish am i
  • #356,786
  • Dec 27, 2013 7:10am Dec 27, 2013 7:10am
Quoting maximinus
{quote} I must admit that I'vnt seen so much bullishness when you posted your charts few weeks ago. And I still miss it. But you were/are right. Are you targeting 1.69xx ? If yes, what gives you in the chart that confidence ? that I'd like to develop also. Thanks.
Generally I don't trade with a fixed T/P in mind. But that breakout couple of weeks ago combined with positive underlying economics and the ensuing rising trend is encouraging.
Hear the music before the song is over ...
  • #356,787
  • Dec 27, 2013 7:23am Dec 27, 2013 7:23am
Quoting PipTrapper
{quote} {image}
haha.that was a funny one.. the next thing in 2014 is this for the pairs which are getting fucked this month...
Attached Image (click to enlarge)
Click to Enlarge Name: Bull_Attacked_by_a_Bear.jpg Size: 940 KB
  • #356,788
  • Dec 27, 2013 8:00am Dec 27, 2013 8:00am
Quoting GlobalMacro
{quote} Generally I don't trade with a fixed T/P in mind. But that breakout couple of weeks ago combined with positive underlying economics and the ensuing rising trend is encouraging.
OK thank you. I learn every day, some guys trade without chart, others without TP in mind, lol, and they can be successfull too.
Have a nice week end and of course an healthy and happy new year !
Don't be smart. Be rich.
  • #356,789
  • Dec 27, 2013 8:07am Dec 27, 2013 8:07am
Quoting PipTrapper
{quote} No no no. Cable will come down to somewhere between 1.6080 and 1.6250, and then it will likely shoot for between 1.67 and 1.72 After that, we're heading back down to 1.38xx or maybe even lower. Heck maybe even parity. However, who wants to wait for that? Just follow the big money. When the retail crowd capitulates and starts buying cable, then we sell
1.6080 and 1.6250 it will likely shoot for between 1.67 and 1.72 After that, we're heading back down to 1.38xx
The Key is 1.6464 now
  • #356,790
  • Edited 11:57am Dec 27, 2013 8:53am | Edited 11:57am
Quoting maximinus
{quote} OK thank you. I learn every day, some guys trade without chart, others without TP in mind, lol, and they can be successfull too. Have a nice week end and of course an healthy and happy new year !
In a rising market making a new high day after day, a fresh 28 month high to be exact,

the burden is on the bears not the bulls to show their charts to prove their point and they should rather "learn" to point out

what makes them confident to sell into this raging bull market only to see losses instead of being ridiculously cheeky and rude.......

maybe then they too would be successful,

but hey maybe you have a different point...who the hell knows....


....Oh yeah.......and of course a healthy and happy new year to you!
Hear the music before the song is over ...
  • #356,791
  • Dec 27, 2013 9:02am Dec 27, 2013 9:02am
Guys ..do you see correction till 1.6400 at least ..anyone ??
  • #356,792
  • Dec 27, 2013 9:04am Dec 27, 2013 9:04am
hows it going guys??

balance sheet window dressing to happen in december for ecb aqr.. told ya didnt i?

closed my eur/usd .. officialy short noe @1.3850 going into next year..

cheers
  • #356,793
  • Dec 27, 2013 9:26am Dec 27, 2013 9:26am
GU chart update: (click on to see the larger picture)

http://s30.postimg.org/e6lhll4b5/image.png
Trade your plan.
  • #356,794
  • Dec 27, 2013 9:32am Dec 27, 2013 9:32am
Quoting Jackana
GU chart update: (click on to see the larger picture) {image}
For the market to be random, it sure feels like I have seen this same price action a thousand times..lol
  • #356,795
  • Dec 27, 2013 9:37am Dec 27, 2013 9:37am
Quoting NJaNeer
{quote} For the market to be random, it sure feels like I have seen this same price action a thousand times..lol
Maybe we will not see the currenct price when Jan 2014 to open. It may go higher.
Trade your plan.
  • #356,796
  • Edited 11:11am Dec 27, 2013 10:40am | Edited 11:11am
very nice price action, yesterday movement was unexpected for many u/g bears but it gaves the bulls and bears some sweet money to make,
some sls were hit but sure many shorted this pair very heavily from those highs.

very sweet for both sides, whats gonna happen next.... a correction? will keep rising? who knows.......
  • #356,797
  • Dec 27, 2013 11:23am Dec 27, 2013 11:23am
Good day,

Will wait for 1.644 area and then swing to 1.663

Repatriation of funds by major banks will drive price till mid Jan

I would caution against shorting this pair, as you will discover that fighting the trend during sideways chop is not wise

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 17 KB
  • #356,798
  • Dec 27, 2013 11:26am Dec 27, 2013 11:26am
Quoting acidguy
very nice price action, yesterday movement was unexpected for many u/g bears but it gaves the bulls and bears some sweet money to make, some sls were hit but sure many shorted this pair very heavily from those highs. very sweet for both sides, whats gonna happen next.... a correction? will keep rising? who knows....... look like to me the beggining of a strong downtrend has just started.
One thing is sure! Until we can't see a new LL then a LH and finally again an LL the trend is not changed. Every deeper price is a good oportunity to take a long. It is time to me to add one more 6488 but this last one get an only 12 pips SL(6476) if the retarce would be deeper .
Trend and min. 2 RR are my friends
My major support ~6290.
If price could close under TL close all longs for the weekend and a little bit deeper take them back again.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 37 KB
Anything is math!
  • #356,799
  • Dec 27, 2013 1:30pm Dec 27, 2013 1:30pm
Quoting Ck87
Wow this GU really is such total garbage, I'm so dumb for shorting GJ what a fucking nightmare

One of my biggest regrets was not taking a long at the 120 mark... seems such an obvious support zone now.

I would not be looking to short this pair until it hits the green standard 50 fib point. I wouldn't be surprised to see some drop back down onto the 0 FE mark - we are at year end, and so positions for currencies can often be shifted about by those that hold real money/political power, and the instrument may want to test the green standard 38.2 fib point for support.

It wouldn't surprise me to see Geppy claw its way back into the blue zone as shown on the last chart. Of course, this will depend on what the BOJ think about the current value of Yen.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpymonthly.png Size: 68 KB
Click to Enlarge Name: gbpjpyweekly.png Size: 73 KB
Click to Enlarge Name: gbpjpymonthly blue zone.png Size: 81 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #356,800
  • Dec 27, 2013 1:52pm Dec 27, 2013 1:52pm
For Pound

Watch 1.6464 as a key - look the 4H close
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