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Cable Update (GBPUSD)

  • #358,401
  • Jan 13, 2014 10:27pm Jan 13, 2014 10:27pm
I am short cable and long aussie at the same time.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,402
  • Jan 13, 2014 11:00pm Jan 13, 2014 11:00pm
Quoting ffleo
I am short cable and long aussie at the same time. {image}
Cable is Gbp/Usd. Unless there was an even longer cable from the UK to Australia. lol
  • #358,403
  • Jan 13, 2014 11:05pm Jan 13, 2014 11:05pm
Quoting EmeraldEyes
{quote} Cable is Gbp/Usd. Unless there was an even longer cable from the UK to Australia. lol
made me laugh
  • #358,404
  • Jan 13, 2014 11:20pm Jan 13, 2014 11:20pm
Quoting EmeraldEyes
{quote} Cable is Gbp/Usd. Unless there was an even longer cable from the UK to Australia. lol
GBP/AUD = (GBP/USD) / (AUD/USD).

you are not that bad in math, are you?? I have not mentioned that I can teach college math. you better not laugh too early.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,405
  • Jan 13, 2014 11:23pm Jan 13, 2014 11:23pm
Quoting Slim Buffett
{quote} Like a quick fix ?? Like an acid trip ?? Good luck with that.

Something like that. Looks like it's turned around though, so I got stopped out at 6 pips profit.
  • #358,406
  • Jan 13, 2014 11:32pm Jan 13, 2014 11:32pm
Quoting ffleo
{quote} GBP/AUD = (GBP/USD) / (AUD/USD). you are not that bad in math, are you?? I have not mentioned that I can teach college math. you better not laugh too early.
Reason why you don't teach college math is bc you kept writing simple numbers out like this: (2/1) / (1/2) = 4
  • #358,407
  • Jan 13, 2014 11:36pm Jan 13, 2014 11:36pm
Quoting eaglestar
Fork showed a short at the WL1 looking for shorts {image}

Enjoy seeing your forks brother.
In trading, you have to be defensive and aggressive at the same time
  • #358,408
  • Jan 13, 2014 11:40pm Jan 13, 2014 11:40pm
I actually want price to go higher so I can short again.
There is considerable support for longs.Price did not break slow moving MA's on Guppy
Orange at bottom is 89EMA and rest go 55-lower salmon colors
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In trading, you have to be defensive and aggressive at the same time
  • #358,409
  • Jan 13, 2014 11:40pm Jan 13, 2014 11:40pm
Quoting EmeraldEyes
{quote} Reason why you don't teach college math is bc you kept writing simple numbers out like this: (2/1) / (1/2) = 4
you got the math right this time. I hate teaching even though I got highly trained in college math (6 years college plus graduate school).

GBP/AUD is going down. Shorting cable and longing aussie at the same time to get rid of the effect of USD as much as possible. The USD is too much manipulated by the Fed.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,410
  • Jan 13, 2014 11:49pm Jan 13, 2014 11:49pm
Quoting ffleo
{quote} you got the math right this time. I hate teaching even though I got highly trained in college math (6 years college plus graduate school). GBP/AUD is going down. Shorting cable and longing aussie at the same time to get rid of the effect of USD as much as possible. The USD is too much manipulated by the Fed.
Just giving you shit abt your wording Some peeps long G/U and short A/U at the same time, paying their broker an extra spread for what Gbp/Aud spread is.

Thinking about it, all ccys are controlled by the Fed. Emerging Markets, Equities & Commodities are all about the Fed's actions as well. Picture would be much clearer if they weren't funking the markets all up.
  • #358,411
  • Jan 13, 2014 11:57pm Jan 13, 2014 11:57pm
Quoting EmeraldEyes
{quote} Just giving you shit abt your wording Some peeps long G/U and short A/U at the same time, paying their broker an extra spread for what Gbp/Aud spread is. Thinking about it, all ccys are controlled by the Fed. Emerging Markets, Equities & Commodities are all about the Fed's actions as well. Picture would be much clearer if they weren't funking the markets all up.
I cannot do GBP/AUD directly as I trade futures. futures does not have GBP/AUD. I mostly do swing trade and a few pips more spread is fine.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,412
  • Jan 14, 2014 12:17am Jan 14, 2014 12:17am
Hola hombres
Well I think GBPUSD is the best pair to trade today if we belive that USD will strengthen. Why? Its on the edge of breaking the trendline back to july 2013.
USDCHF is at support. Thats a good trade aswell. But itīs not a break as GBPUSD.

What do u guys think? Good day for those who are shorting?
  • #358,413
  • Jan 14, 2014 12:21am Jan 14, 2014 12:21am
Quoting elSueco
Hola hombres Well I think GBPUSD is the best pair to trade today if we belive that USD will strengthen. Why? Its on the edge of breaking the trendline back to july 2013. USDCHF is at support. Thats a good trade aswell. But itīs not a break as GBPUSD. What do u guys think? Good day for those who are shorting?

Its too early.Frankfurt not even open yet and Asia so far is undecided.
It takes great force to break a trend like bad data.We will see.
In trading, you have to be defensive and aggressive at the same time
  • #358,414
  • Jan 14, 2014 12:27am Jan 14, 2014 12:27am
Quoting Davit
{quote} Its too early.Frankfurt not even open yet and Asia so far is undecided. It takes great force to break a trend like bad data.We will see.
Sometimes it just has to break. Data is not everything. Interesting day
  • #358,415
  • Jan 14, 2014 12:33am Jan 14, 2014 12:33am
Quoting elSueco
{quote} Sometimes it just has to break. Data is not everything. Interesting day

if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,416
  • Jan 14, 2014 12:38am Jan 14, 2014 12:38am
Quoting ffleo
{quote} if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.
Agree
  • #358,417
  • Jan 14, 2014 12:41am Jan 14, 2014 12:41am
Quoting ffleo
{quote} if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.
4:30 am New York time has many GBP news releases. So today is critical to see which way it spikes.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #358,418
  • Jan 14, 2014 12:44am Jan 14, 2014 12:44am
Quoting ffleo
{quote} 4:30 am New York time has many GBP news releases. So today is critical to see which way it spikes.
If it would be a spike down I would guess it would be a new trend down. Or at least a few hundred pips down. If it goes up I would just close it after 150 pips.
This means if Iīm correct. That it is a good Risk Reward entering a short now. Which I have done.
  • #358,419
  • Jan 14, 2014 12:45am Jan 14, 2014 12:45am
Quoting ffleo
{quote} if they want to spike it down, both good data and bad data will do it. Data itself does not matter. They just need an excuse to trigger. Same for aussie.

Assuming that is 4-8 trillion dollar market can be manipulated by few banks and hedge funds.I think not. Even Banks and Hedge funds lose money in trading.
News creates momentum.In a uptrend it takes great force to reverse.Its not matter of "they want" There is something about mass impulse which is what Elliot Wave theory is based upon.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #358,420
  • Jan 14, 2014 12:48am Jan 14, 2014 12:48am
Quoting Davit
{quote} Assuming that is 4-8 trillion dollar market can be manipulated by few banks and hedge funds.I think not. Even Banks and Hedge funds lose money in trading. News creates momentum.In a uptrend it takes great force to reverse.Its not matter of "they want" There is something about mass impulse which is what Elliot Wave theory is based upon. Regards

Soros broke the BOE once. They just need to spike down cross the trendline, and the masses will reverse and follow
ignore wackos and psychos, including myself. But I can't add myself to iggy
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