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Cable Update (GBPUSD)

  • #357,281
  • Jan 3, 2014 2:27am Jan 3, 2014 2:27am
Quoting PipTrapper
{quote} Never mind the definition of long term. Although I usually suck at timing, in this case I don't think I would be far off if I said we're due for a meltdown by Q3 2014
Then if I gave you my long, long, loooong term target idea, I think you simply won't believe me

You would think (probably rightly so) that I was NUTS

Come with me if you want to live....
  • #357,282
  • Jan 3, 2014 2:28am Jan 3, 2014 2:28am
Quoting PipTrapper
Still in the green and looking good so far. Let's see if I get to keep these positions overnight. G/U {image} U/CHF {image} E/U {image}
Are you still holding?
Attached Image (click to enlarge)
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Anything is math!
  • #357,283
  • Jan 3, 2014 2:31am Jan 3, 2014 2:31am
GU H4

Bears to step back in as I see it
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  • #357,284
  • Jan 3, 2014 2:39am Jan 3, 2014 2:39am
Quoting Kajos2250
{quote} Are you still holding? {image}
yep. I'm bullish till proven wrong.
Those who say it cannot be done should not interrupt those who are doing it
  • #357,285
  • Jan 3, 2014 2:56am Jan 3, 2014 2:56am
Quoting Ill-b-back
{quote} Then if I gave you my long, long, loooong term target idea, I think you simply won't believe me You would think (probably rightly so) that I was NUTS
LOL...Good one Ill-b-back...very sharp.

we would think you're a genius because nobody would remember what you predicted that far out when the time comes and you could conveniently claim victory if by some distant chance it should turn out that you were correct...
Hear the music before the song is over ...
  • #357,286
  • Jan 3, 2014 2:57am Jan 3, 2014 2:57am
My chart didn't played out as planned as the resistance was taken out. I still see a corrective move on this one from yesterday's high to low. I am long but i am over all bearish.On this up leg and will look near 50% retracement for new signs.
Attached Image (click to enlarge)
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  • #357,287
  • Jan 3, 2014 3:02am Jan 3, 2014 3:02am
anybody noticed weird price action? it went ape-s**t, maybe anticipating big move?
  • #357,288
  • Jan 3, 2014 3:06am Jan 3, 2014 3:06am
Quoting GlobalMacro
{quote} LOL...Good one Ill-b-back...very sharp. we would think you're a genius because nobody would remember what you predicted that far out when the time comes and you could conveniently claim victory if by some distant chance it should turn out that you were correct...
Actually, I hadn't even given that angle a thought lol...

You give me too much credit

Or perhaps you have sensed my true intelligence from my long inglorious history of posts, and were just giving me a leg up

Either way, your comment is much appreciated
Come with me if you want to live....
  • #357,289
  • Jan 3, 2014 3:15am Jan 3, 2014 3:15am
looking at daily chart movement the GU has gained a lot of momentum to go down--
the fast drop yesterday should have a correction but today's European trading is quiet for some reason...
is everyone waiting for Bernake's speech?
  • #357,290
  • Jan 3, 2014 3:17am Jan 3, 2014 3:17am
There's an aweful lot to achieve from here.
It seems bullish to me for the time being althought the lower TF (4hr etc) is showing a weird pattern (if bullish).

Weekly segments have the mojo for my mind
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdweekly1.png Size: 31 KB
Come with me if you want to live....
  • #357,291
  • Jan 3, 2014 3:21am Jan 3, 2014 3:21am
Hello thread readers and a HNY to all,

weekly shows what limited further upside at weekly high, 1hr shows what has so far limited more upside following bounce off yesterday's low.

Best Wishes.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1hr.jpg Size: 81 KB
it's all gone a bit........
  • #357,292
  • Jan 3, 2014 3:21am Jan 3, 2014 3:21am
Quoting Ill-b-back
There's an aweful lot to achieve from here. It seems bullish to me for the time being althought the lower TF (4hr etc) is showing a weird pattern (if bullish). Weekly segments have the mojo for my mind {image} {image}
my monitor got a headache displaying your charts
  • #357,293
  • Jan 3, 2014 3:23am Jan 3, 2014 3:23am
Quoting Ulterior
{quote} my monitor got a headache displaying your charts
I know how you feel, I am regularly taking time off work
Come with me if you want to live....
  • #357,294
  • Jan 3, 2014 3:25am Jan 3, 2014 3:25am
Quoting Ill-b-back
{quote} Actually, I hadn't even given that angle a thought lol... You give me too much credit Or perhaps you have sensed my true intelligence from my long inglorious history of posts, and were just giving me a leg up Either way, your comment is much appreciated
Giving credit where credit's due..

That's right if enough angles are covered then nothing could go wrong, right? For example:

It will go up but not before it goes down after it went up and made little correction...oh oh...and don't forget this one...I'm both long and short either way works for me..simply GENIUS....making money having no freaking position...LOL!!!!

see it's not difficult at all...with little imagination and the "right audience" everyone could be a genius...wonder why I didn't think of that
Hear the music before the song is over ...
  • #357,295
  • Jan 3, 2014 3:42am Jan 3, 2014 3:42am
Quoting GlobalMacro
{quote} Giving credit where credit's due.. That's right if enough angles are covered then nothing could go wrong, right? For example: It will go up but not before it goes down after it went up and made little correction...oh oh...and don't forget this one...I'm both long and short either way works for me..simply GENIUS....making money having no freaking position...LOL!!!! see it's not difficult at all...with little imagination and the "right audience" everyone could be a genius...wonder why I didn't think of that

Seems you just did

I'm off to bed, I've got a long day of doing nothing tomorrow until the next contract comes in.

See you guys

Come with me if you want to live....
  • #357,296
  • Jan 3, 2014 3:52am Jan 3, 2014 3:52am
betting on pound for a retest of 66
MMMYYYKKK
  • #357,297
  • Jan 3, 2014 4:15am Jan 3, 2014 4:15am
Today it is easy to operate
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  • #357,298
  • Jan 3, 2014 4:24am Jan 3, 2014 4:24am
Quoting Ulterior
anybody noticed weird price action? it went ape-s**t, maybe anticipating big move?
Very low liquidity these past few days with the holidays. Monday should start to resume normal activity. None of the correlations are really working as normal.
  • #357,299
  • Jan 3, 2014 4:30am Jan 3, 2014 4:30am
The bears smell blood...they couldnt resist that engulfing red candle. Although I personally wouldnt make a reversal play just because of a reversal candle as it carries more risk than i would like to.
Attached Image (click to enlarge)
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  • #357,300
  • Jan 3, 2014 4:32am Jan 3, 2014 4:32am
Quoting Ill-b-back
{quote} Then if I gave you my long, long, loooong term target idea, I think you simply won't believe me You would think (probably rightly so) that I was NUTS
HaHa... You're talking to a guy who believes anything is possible. If people think somebody is nuts here, they probably think it's me
Those who say it cannot be done should not interrupt those who are doing it
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