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Cable Update (GBPUSD)

  • #359,801
  • Jan 22, 2014 1:55am Jan 22, 2014 1:55am
Quoting GlobalMacro
{quote} {image}
  • #359,802
  • Jan 22, 2014 1:55am Jan 22, 2014 1:55am
Quoting Kajos2250
I have just added one more, it seems to me to the pound continues to rise. I hope you are all in profit {image} {image}
does this answer the question whop whhop lol
  • #359,803
  • Jan 22, 2014 1:57am Jan 22, 2014 1:57am
Quoting squawk
{quote} Well said.
That was me and what I was complaining about was specifically that a lot of bears were gloating that bulls were wrong without any explanation...I do not think it was un reasonable to ask them to say why. I have no reason/wish to get into an argument about this though so this is my last post on the matter.

Best Wishes
it's all gone a bit........
  • #359,804
  • Jan 22, 2014 1:57am Jan 22, 2014 1:57am
now the question is will this GBP data get better. like 6% unemployment and retail sales growing at 5%. I don't think so. bulls got excited on slightest of better news. todays news is not fantasttic. expectation was less from the word go.
  • #359,805
  • Jan 22, 2014 1:58am Jan 22, 2014 1:58am
Quoting Ken A
{quote} 1.6850 is in the card now
Hear the music before the song is over ...
  • #359,806
  • Jan 22, 2014 1:58am Jan 22, 2014 1:58am
1.6500 is nearest level to be conquered as support!

i will be looking for possible longs near there in next days!

however, fundamentals are saying we go higher than yearly close 6550.

so eventually price gonna rise further today, 1.66 is good area to scale out longs
90% of traders use TA, indicators and prediction
  • #359,807
  • Jan 22, 2014 1:59am Jan 22, 2014 1:59am
Quoting petetong
Take note fundie bears - the significant thing was the un-emp rate dropping again - nearer to carney's forward guidance figure and then the borrowing coming in lower....so Uk at this moment - inflation contained by spare capacity in labour market...un-emp coming down....borrowing coming down....bearish or bullish for £ ? generally. As for techie bears - I have no idea what they have been looking at...maybe they are stood on their heads ? - of course things could change but in this moment and up to this moment that has been the picture. Besr Wishes...
The sad thing about it is the better the job rate is the more expensive the mortgage will be.
  • #359,808
  • Jan 22, 2014 2:00am Jan 22, 2014 2:00am
Quoting Likerty
Fast in and out STill holding half for 590's and/or 650s {image}

let it go, the thing should breake yearly close!
90% of traders use TA, indicators and prediction
  • #359,809
  • Jan 22, 2014 2:00am Jan 22, 2014 2:00am
Quoting _BBKing_
Today was the easiest trade ever with GBP! almost free money!
don't talk bullshit. had this data been bad you would have been the first crybaby on this thread. this was free money by no means. GBP bull traders have to be craeful now. the market is heavy long now and going by carney's reputation he would like a low GBP. he always wanted a low CAD when he was at BOC
  • #359,810
  • Jan 22, 2014 2:00am Jan 22, 2014 2:00am
to say this is overbought is an understatement. the chart looks like a balloon

price is up over 1500 pips in the last 6 months. thats incorporated all of the news surely.
  • #359,811
  • Jan 22, 2014 2:05am Jan 22, 2014 2:05am
Quoting giveachance
{quote} don't talk bullshit. had this data been bad you would have been the first crybaby on this thread. this was free money by no means. GBP bull traders have to be craeful now. the market is heavy long now and going by carney's reputation he would like a low GBP. he always wanted a low CAD when he was at BOC
bullshit??!
man (or woman ), if you wnat to trade, never forget to analyze fundamentals. and fundamentals are saying only bullish releases in GBP.
today there was not even 1 single reason for data to come out bad and reverse the chart setup (which says bullish since beginning of week)!
eventually, was possible a weak data outcome, let's say a confirmation of previous data, ending in a 30-40pips drop, maybe 50, then up again >6450.
that's it!

what was not simple was catching the gbp aud and gbp jpy. all other gbp crosses were free money, mainly the GBP CHF which broke 1.50 just yesterday.

bye
90% of traders use TA, indicators and prediction
  • #359,812
  • Jan 22, 2014 2:06am Jan 22, 2014 2:06am
Quoting _BBKing_
{quote} let it go, the thing should breake yearly close!
Yea, Pound showing great bullish promise, just until Dollar is sorting itself out against Euro, Franc, Yen and Aussie - I'm bit cautious here..
69
  • #359,813
  • Jan 22, 2014 2:06am Jan 22, 2014 2:06am
Quoting GlobalMacro
{quote}
you kept me chart then lol 1.66824 lol 6650 is might be a res zone
  • #359,814
  • Jan 22, 2014 2:06am Jan 22, 2014 2:06am
Quoting _BBKing_
Today was the easiest trade ever with GBP! almost free money!
Indeed Sir, Indeed

lol...
Come with me if you want to live....
  • #359,815
  • Jan 22, 2014 2:07am Jan 22, 2014 2:07am
Quoting Ill-b-back
{quote} Indeed Sir, Indeed lol...


damn long time didn't see you!
90% of traders use TA, indicators and prediction
  • #359,816
  • Jan 22, 2014 2:09am Jan 22, 2014 2:09am
Quoting Likerty
{quote} Yea, Pound showing great bullish promise, just until Dollar is sorting itself out against Euro, Franc, Yen and Aussie - I'm bit cautious here..
always being cautious is good !
i'm looking for 1.65 to hold as support
90% of traders use TA, indicators and prediction
  • #359,817
  • Jan 22, 2014 2:10am Jan 22, 2014 2:10am
Quoting _BBKing_
Today was the easiest trade ever with GBP! almost free money!
LOL

How about GBP/NZD pair ?
Always looking the GREAT, never left GOOD Point...
  • #359,818
  • Jan 22, 2014 2:10am Jan 22, 2014 2:10am
Quoting Suffo
sell 20lot 543 sl 570 tp?

with 20 lot even 10pip is great profit.
rooting for you
In trading, you have to be defensive and aggressive at the same time
  • #359,819
  • Jan 22, 2014 2:10am Jan 22, 2014 2:10am
Quoting Likerty
{quote} Yea, Pound showing great bullish promise, just until Dollar is sorting itself out against Euro, Franc, Yen and Aussie - I'm bit cautious here..
i sold my 3 long in aussie 1 hour as it has a bounce down now off the 200 looking to short that one now 8862 or i just mightshort now with sl and buy just over the 200 1 hour 1st target 8835
  • #359,820
  • Jan 22, 2014 2:11am Jan 22, 2014 2:11am
Quoting _BBKing_
{quote} bullshit??! man (or woman ), if you wnat to trade, never forget to analyze fundamentals. and fundamentals are saying only bullish releases in GBP. today there was not even 1 single reason for data to come out bad and reverse the chart setup (which says bullish since beginning of week)! eventually, was possible a weak data outcome, let's say a confirmation of previous data, ending in a 30-40pips drop, maybe 50, then up again >6450. that's it! what was not simple was catching the gbp aud and gbp jpy. all other gbp crosses were free...
don't tell me how to trade. I have collected 800 pips alone on eur/usd in multiple trades. I know what GBP is doing and I won't be surprised if it falls to 1.63
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