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Cable Update (GBPUSD)

  • #359,821
  • Jan 22, 2014 4:11am Jan 22, 2014 4:11am
Quoting smikester
{quote} Hi Tsar and regards, good to see you posting here and giving, as usual.
Hi smikester,

Thanks for the warm welcome, Sir.

Miss you so much...
Always looking the GREAT, never left GOOD Point...
  • #359,822
  • Jan 22, 2014 4:12am Jan 22, 2014 4:12am
Quoting Halba
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.
Certain posters here were saying this thing was ' overbought ' at 1.54 ! It and ' oversold ' are such subjective terms...and how any market on daily and weekly and 4hr that still hasn't taken out it's last high (6603) can be so called ' overbought ' is news to me,,....it may be overbought on t/f's below 1hr but not on any above as I interpret overbought. I have seen instruments stay overbought for 1000 pips ! - but that is what happens when a market trends....which is why the terms mean next to nothing really.

Best Wishes.
it's all gone a bit........
  • #359,823
  • Jan 22, 2014 4:12am Jan 22, 2014 4:12am
GBP vs 1Y implied yield.

Been tracking well, but there is little upside potential for payers of UK swaps and should cap GBP, Fade down to 1.65 definitely possible
Attached Image (click to enlarge)
Click to Enlarge Name: GBP vs swap spread.png Size: 84 KB
  • #359,824
  • Jan 22, 2014 4:14am Jan 22, 2014 4:14am
I am also cautious with longs now. Data is not too great if you closely look at it. Besides, anything can happen just like always in FX. For now I prefer go swimming.
Fix up, trade sharp ...
  • #359,825
  • Jan 22, 2014 4:14am Jan 22, 2014 4:14am
Quoting _BBKing_
{quote} always being cautious is good ! i'm looking for 1.65 to hold as support
my line sits at 6475
69
  • #359,826
  • Jan 22, 2014 4:14am Jan 22, 2014 4:14am
Quoting Ill-b-back
{quote} Indeed Sir, Indeed lol...
Is any body short @ 1.6543 ? what goes up must definitely come down especially when everybody has to close their positions
  • #359,827
  • Jan 22, 2014 4:15am Jan 22, 2014 4:15am
Quoting Tsar
{quote} My family is Very Well, Bro. But my Mom whose health is not Good. Already twice suffered a Stroke. His Stamina is still Fortunately stronger, so does not suffer paralysis. Only the right hand which cannot be moved. Thank's for Asking...
Sorry to hear that mate, it's great to have you in hear, hope to see more of you soon
Come with me if you want to live....
  • #359,828
  • Jan 22, 2014 4:15am Jan 22, 2014 4:15am
find myself starting to short scalp
  • #359,829
  • Jan 22, 2014 4:15am Jan 22, 2014 4:15am
Quoting GlobalMacro
Still bullish....just a spike down. Looking to buy: BUY LIMIT : 1.6349 S / L : 1.6287 T / P : OPEN
- Jan 10 swing high broken

- DTL broken


Trailing Profit Protection up to 1.6430 and letting this puppy R O L L :


Long @ 1.6349


Profit Protection Stop : 1.6430


T / P : OPEN


Cable now 1.6549 Today's High: 1.6552

P & L : + 200 pips



GBP/USD - H8
Attached Image
Hear the music before the song is over ...
  • #359,830
  • Jan 22, 2014 4:15am Jan 22, 2014 4:15am
Quoting Tsar
{quote} LOL How about GBP/NZD pair ?
Gnzd was also not simple IMO, i didn't even touch it today --> there will be other opp soon
90% of traders use TA, indicators and prediction
  • #359,831
  • Jan 22, 2014 4:18am Jan 22, 2014 4:18am
Quoting GlobalMacro
{quote} - Jan 10 swing high broken - DTL broken Trailing Profit Protection up to 1.6430 and letting this puppy R O L L : Long @ 1.6349 Profit Protection Stop : 1.6430 T / P : OPEN Cable now 1.6549 Today's High: 1.6552 P & L : + 200 pips GBP/USD - H8 {image}
Nice , how long are you holding your trades ?
  • #359,832
  • Jan 22, 2014 4:18am Jan 22, 2014 4:18am
Look... !!!

Almost a Half ( Old ) Members come back in this thread's

I'm so glad about this...
Always looking the GREAT, never left GOOD Point...
  • #359,833
  • Jan 22, 2014 4:18am Jan 22, 2014 4:18am
Quoting giveachance
{quote} 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
good 4you then!
sorry, i didn't mean to teach you anything!!

btw, i also wouldn't be surprised to see cable tanking to 1.63 or even lower to 1.61!
indeed it will happen once or the other
90% of traders use TA, indicators and prediction
  • #359,834
  • Jan 22, 2014 4:18am Jan 22, 2014 4:18am
Quoting GlobalMacro
{quote} - Jan 10 swing high broken - DTL broken Trailing Profit Protection up to 1.6430 and letting this puppy R O L L : Long @ 1.6349 Profit Protection Stop : 1.6430 T / P : OPEN Cable now 1.6549 Today's High: 1.6552 P & L : + 200 pips GBP/USD - H8 {image}
Anything is math!
  • #359,835
  • Jan 22, 2014 4:19am Jan 22, 2014 4:19am
Quoting IveGotQuads
{quote} Is any body short @ 1.6543 ? what goes up must definitely come down especially when everybody has to close their positions
Could be, who knows, someone is in for 20 lots or so, but not my cup of tea.
there is a 1hr breakout/TL retest right here, so some shorts could easily see some pips from here
Come with me if you want to live....
  • #359,836
  • Jan 22, 2014 4:19am Jan 22, 2014 4:19am
Quoting elbert3
{quote} 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
I dont use MA's (or TL's for that matter) 8900 is a level I'm waching for bullish confirmation (needs to establish above), and overnight low at 8785 is good enough for risk limits for long scenarios...
69
  • #359,837
  • Jan 22, 2014 4:21am Jan 22, 2014 4:21am
Quoting _BBKing_
{quote} damn long time didn't see you!
You too BB, you spring up at exciting times
Come with me if you want to live....
  • #359,838
  • Jan 22, 2014 4:23am Jan 22, 2014 4:23am
Quoting _BBKing_
{quote} Gnzd was also not simple IMO, i didn't even touch it today --> there will be other opp soon
Frankly... Yes.

After Learn it. More Profitable because can counter the Trend.
But must FOCUS and more Big SL than GBP/USD

If I trade GBP/NZD / another CROSS Currencies. I never make Post in FF...
Always looking the GREAT, never left GOOD Point...
  • #359,839
  • Jan 22, 2014 4:25am Jan 22, 2014 4:25am
Seem to be offers up to 6550...could see a pullback here ?.....above here and 6603 high is probably the target ?

Best Wishes.
it's all gone a bit........
  • #359,840
  • Jan 22, 2014 4:27am Jan 22, 2014 4:27am
Quoting IveGotQuads
{quote} Nice , how long are you holding your trades ?
t/p open for now.
Profit Protection Stop : 1.6430
Hear the music before the song is over ...
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