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Cable Update (GBPUSD)

  • #358,521
  • Jan 14, 2014 4:22am Jan 14, 2014 4:22am
its bearish ,gbp bearish

Quoting nAVIN2007
{quote} why what are seeing from it bro?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,522
  • Jan 14, 2014 4:24am Jan 14, 2014 4:24am
1.6397 holds bulls i think thats why my order is just below i think a buy order 1.6420 would be a place to be, lets see
  • #358,523
  • Jan 14, 2014 4:26am Jan 14, 2014 4:26am
lot of moving on the low charts it could be 50/50 i think
  • #358,524
  • Jan 14, 2014 4:28am Jan 14, 2014 4:28am
something's up - neutral bias for now ... waiting next move
  • #358,525
  • Jan 14, 2014 4:29am Jan 14, 2014 4:29am
gbp
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #358,526
  • Jan 14, 2014 4:29am Jan 14, 2014 4:29am
Hello thread readers,

re UK data : lower inflation decreases chances of one of Carneys ' knock-outs ' being enforced re the current forward guidance...is there is enough spare capacity to continue to absorb any inflationary pressures as economy recovers ?

Daily shows where the big stops are...yeh a break of the first 2 horizontal lines and upwards trendline is a worry for longer term bulls but only a decisive break and clear of 5853 (white horizontal line) and stops being taken out will bulls give it up to more downside/ranging risk being the higher chance.

Best Wishes.
Attached Image (click to enlarge)
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it's all gone a bit........
  • #358,527
  • Jan 14, 2014 4:30am Jan 14, 2014 4:30am
Quoting Davit
Short 6440 2x 6420 2x 6415 2x
I had exactly the same trades filled.

Short 6440 and 6420.


My targets are 6300 and 6250
  • #358,528
  • Jan 14, 2014 4:32am Jan 14, 2014 4:32am
Quoting chazzle
something's up - neutral bias for now ... waiting next move
yes funny look to the 15min 1420 or 3900
  • #358,529
  • Jan 14, 2014 4:38am Jan 14, 2014 4:38am
Quoting elbert3
{quote} yes funny look to the 15min 1420 or 3900
GU M15

some support at Asia highs - I half expect the CPI move to be reversed
Attached Image (click to enlarge)
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  • #358,530
  • Jan 14, 2014 4:40am Jan 14, 2014 4:40am
Quoting Bones
gbp {image}

based on yesterday movement..that low probability inverted hammer came through..going up would be tough i think..
  • #358,531
  • Jan 14, 2014 4:42am Jan 14, 2014 4:42am
Quoting nAVIN2007
{quote} why what are seeing from it bro?

CPI annual rate at 4 year low......?.......
Hear the music before the song is over ...
  • #358,532
  • Jan 14, 2014 4:44am Jan 14, 2014 4:44am
Quoting GlobalMacro
{quote} CPI annual rate at 4 year low......???.......

The one thing i wanna learn this year is ecomonics..i have no clue but i guess that isnt a good thing to be that low?

one thing i can see thou..if this bad boy can drop to 1.62 again..i think we going to challenge the bottom
  • #358,533
  • Jan 14, 2014 4:51am Jan 14, 2014 4:51am
come on i dont know if it all the tea or my hart pumping this morning on the 15 the emas are holding it up need to get past 1.6347
  • #358,534
  • Jan 14, 2014 4:52am Jan 14, 2014 4:52am
Quoting nAVIN2007
{quote} The one thing i wanna learn this year is ecomonics..i have no clue but i guess that isnt a good thing to be that low?
Hear the music before the song is over ...
  • #358,535
  • Jan 14, 2014 5:03am Jan 14, 2014 5:03am
Quoting Bones
gbp jpy also challenge 170 {image}
im short GBPJPY from 169.85 wanting 169 but this thing aint moving so far... please please move lower !

Why it always has to be so difficult?
  • #358,536
  • Jan 14, 2014 5:05am Jan 14, 2014 5:05am
Hi all,

I will try to share some views as accurate as my knowledge can.

A drop below 1.6397 will go to 1.6350 first then 1.6325-30.SL 1.6428

This should happen by EOD

On EUR USD a sell now @ 1.3675 with TP 1.3625 and SL 1.3703 would do the trick
  • #358,537
  • Jan 14, 2014 5:06am Jan 14, 2014 5:06am
Wow, been reading all these great analysis and great charts on this forum. I'm looking for the pullback to continue to a support of around 1.6250 or so. I am in much agreement with DAVIT's pattern in the last chart he presented.
Enter Signature
  • #358,538
  • Jan 14, 2014 5:17am Jan 14, 2014 5:17am
Quoting pawpaw1000
Won't be here for LO or GBP data but will be back for NY data and session. Looking at this PA I'd say my premise for longs was right and I'd just keep buying dips! 6430 is 1st target and 6446 after Problem is never guessing direction, it's getting a good enough entry with small enough sl to make the trade worth it. Taking a long now would probably be a no brainer but you'd need a 40 pip sl which means you need price to go 80 just to have a favorable traders equation. That said, NO BRAINER only means 60% probability that we will be much higher...


I know, I know, not possible, to the pip...

Both of them...
@pawpaw1000 on Twitter
  • #358,539
  • Jan 14, 2014 5:18am Jan 14, 2014 5:18am
Any thoughts on why this is still on the up, considering the numbers? Will we be heading back down when NY comes in to play?
  • #358,540
  • Jan 14, 2014 5:18am Jan 14, 2014 5:18am
Anyone interested there is a strong 1 hr rejection, reaction at very strong resistance level on the NZD/JPY. If your bored may be worth a look for a possible pullback trade.
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