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Cable Update (GBPUSD)

  • #357,901
  • Jan 9, 2014 3:41pm Jan 9, 2014 3:41pm
Looks like we may possibly run higher ahead of tomorrow's news.
  • #357,902
  • Jan 9, 2014 3:48pm Jan 9, 2014 3:48pm
Quoting Baggi
{quote} I have a feeling, that just like trendlines, those lines change as well. As information changes, we change our lines. Yes?
I think your 'feeling' is correct. What your point is i'm not sure
  • #357,903
  • Jan 9, 2014 3:49pm Jan 9, 2014 3:49pm
Quoting acidguy
still holding the shorts on this lady long term but, will add the big weapons in 1.6550 area if there is a lovely spike with news. this thing is still looking very bullish in h4, surely this thing can fall hard if there is any bad news or rumor in london, market love excesses and still this thing is going up with steam.
I agree long term outlook is still 1.55xx at a minimum (perhaps even set new lows) as I've been posting for quite some time now, but before we see that, we seem to be heading towards 1.7x, just like the Euro seems to be setting its sights in 1.45 area. Then we get the Crash Bang Boom!!!. At least that's what it looks like right now. If the key lows are taken out, then that may change everything.
Those who say it cannot be done should not interrupt those who are doing it
  • #357,904
  • Jan 9, 2014 3:53pm Jan 9, 2014 3:53pm
Quoting Kajos2250
{quote} My point of view, bullish! Good luck! {image}
Yep bullish however im cautious.

The employment figures are out tomorrow from US.
  • #357,905
  • Jan 9, 2014 3:57pm Jan 9, 2014 3:57pm
any good news from us and we could see one of the pounds 200 pip drop,it has happened before
  • #357,906
  • Jan 9, 2014 4:16pm Jan 9, 2014 4:16pm
Quoting elbert3
any good news from us and we could see one of the pounds 200 pip drop,it has happened before
even when is trending up like crazy, this pair is full of opportunities for both sides and respond very well to analisys,
maybe thats why cable against usd now its the favorite pair to trade in the world.

in the other side equities like oil and gold are not respecting any indicator, they are doing whatever they want
  • #357,907
  • Jan 9, 2014 4:44pm Jan 9, 2014 4:44pm
Quoting elbert3
any good news from us and we could see one of the pounds 200 pip drop,it has happened before
Except this pair just keeps rising on good US numbers.
In my opinion, the purchasing of USD against the Pound finished at 1.48.
Now those $ are being funnelled into stocks for risk on.
And with the Fed promising to maintain ultra low interest rates even after target unemployment reached and New Fed money still flowing in and an open ended QE program, I'm not at all surprised.
Come with me if you want to live....
  • #357,908
  • Jan 9, 2014 4:53pm Jan 9, 2014 4:53pm
Quoting Ill-b-back
{quote} Except this pair just keeps rising on good US numbers. In my opinion, the purchasing of USD against the Pound finished at 1.48. Now those $ are being funnelled into stocks for risk on. And with the Fed promising to maintain ultra low interest rates even after target unemployment reached and New Fed money still flowing in and an open ended QE program, I'm not at all surprised.
i will be off to bed soo but having seen a rejection and a doji we need this 1 h candle to be bearish
  • #357,909
  • Jan 9, 2014 4:55pm Jan 9, 2014 4:55pm
Quoting ill-b-back
{quote} except this pair just keeps rising on good us numbers. In my opinion, the purchasing of usd against the pound finished at 1.48. Now those $ are being funnelled into stocks for risk on. And with the fed promising to maintain ultra low interest rates even after target unemployment reached and new fed money still flowing in and an open ended qe program, i'm not at all surprised.
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Those who say it cannot be done should not interrupt those who are doing it
  • #357,910
  • Jan 9, 2014 4:58pm Jan 9, 2014 4:58pm
Quoting elbert3
{quote} i will be off to bed soo but having seen a rejection and a doji we need this 1 h candle to be bearish
Yes, bearish till 6420 perhaps?

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Those who say it cannot be done should not interrupt those who are doing it
  • #357,911
  • Jan 9, 2014 4:58pm Jan 9, 2014 4:58pm
So was the low of the last few days the launch pad to 1.7 or will we see 1.62/1.60...some sort of profit taking bound to happen as since 1.48 we've seen zilch, at best a 200 pip correction...hence a correction may be due but then again may never happen
  • #357,912
  • Jan 9, 2014 5:00pm Jan 9, 2014 5:00pm
Quoting elbert3
{quote} i will be off to bed soo but having seen a rejection and a doji we need this 1 h candle to be bearish
I'm not saying it not tradable for some pips, but within the context of your US news comment, a bearish 1hr candle during Asian session means nothing.
Come with me if you want to live....
  • #357,913
  • Jan 9, 2014 5:03pm Jan 9, 2014 5:03pm
Quoting PipTrapper
{quote} {image}{image}{image}
Lol...

Buying dips to the top bro.

To the moon and beyond
Come with me if you want to live....
  • #357,914
  • Jan 9, 2014 5:06pm Jan 9, 2014 5:06pm
Quoting monkey@forex
So was the low of the last few days the launch pad to 1.7 or will we see 1.62/1.60...some sort of profit taking bound to happen as since 1.48 we've seen zilch, at best a 200 pip correction...hence a correction may be due but then again may never happen
I think once we see 1.69xx we will see a correction back down to current levels, then up to 1.7x to complete the correction from 1.48. Probably up till 1.72/1.73 area. After that, Crash Bang Boom!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #357,915
  • Jan 9, 2014 5:07pm Jan 9, 2014 5:07pm
Quoting Ill-b-back
{quote} Lol... Buying dips to the top bro. To the moon and beyond
Those who say it cannot be done should not interrupt those who are doing it
  • #357,916
  • Jan 9, 2014 5:11pm Jan 9, 2014 5:11pm
Bed time for me also.
Good night and best of luck to all.

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Those who say it cannot be done should not interrupt those who are doing it
  • #357,917
  • Jan 9, 2014 5:14pm Jan 9, 2014 5:14pm
Quoting PipTrapper
{quote}
Hello

Holding longs I had 1.66 to 1.67

What about retraces etc

You are talking way up 169+

You thinking EUR/US over 140 etc
  • #357,918
  • Jan 9, 2014 5:33pm Jan 9, 2014 5:33pm
Quoting Davit
{quote} You did not embarrass me but I felt little weird someone (IveGotQuads) telling me to take a loss without knowing anything how I trade or anything about me. Since you did question if I had positives trades I am compelled to show my Jan live account graph.Dollar amounts are blocked since that's not important. Regards {image}
Hey men sorry if you felt weird me asking if you didnt want to cut your losses short...that was not implied that you should do so as its your money and you free to do whatever you want. Moreover you seem to have been around much longer, so I merely asked to know if there was something I was missing perhaps a strategy of yours or a fundamental reason for your positions. No biggie men, and you didnt have to post your graphs to prove anything to anyone either. Its not that serious
  • #357,919
  • Jan 10, 2014 12:50am Jan 10, 2014 12:50am
Quoting PipTrapper
{quote} I think once we see 1.69xx we will see a correction back down to current levels, then up to 1.7x to complete the correction from 1.48. Probably up till 1.72/1.73 area. After that, Crash Bang Boom!!!

no offense but you got future seemed all mapped out.
nothing worse then writing fiction and believing it as reality.
Obvious fact is big guns are not really pushing up the price.There is no real bull momentum.Since Monday to Thurs we got 70 pips hardly a sign for bull fireworks to come.
In trading, you have to be defensive and aggressive at the same time
  • #357,920
  • Jan 10, 2014 1:09am Jan 10, 2014 1:09am
Quoting Davit
{quote} no offense but you got future seemed all mapped out. nothing worse then writing fiction and believing it as reality. Obvious fact is big guns are not really pushing up the price.There is no real bull momentum.Since Monday to Thurs we got 70 pips hardly a sign for bull fireworks to come.
Historically, Volatility dies down in the in the NFP week until the main event.
Big moves occur during the event and in the week after usually.
Come with me if you want to live....
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