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Cable Update (GBPUSD)

  • #360,201
  • Jan 23, 2014 7:16am Jan 23, 2014 7:16am
Quoting GlobalMacro
{quote} Cheers Man. You came in late this morning? Did you catch the action earlier...
slept in, hangover , problem with charts - that kind of action today lol
  • #360,202
  • Jan 23, 2014 7:16am Jan 23, 2014 7:16am
Quoting elbert3
{quote} if it is a flag i get the outcome to 6675 any idea ?
Problem now is DXY is at support and may strengthen, that's going to blunt cable's upward trajectory and event risk in 15 nimutes has significant potential to cloud the calls...
  • #360,203
  • Jan 23, 2014 7:30am Jan 23, 2014 7:30am
A pull back took place in EUR/GBP and GPB/CHF, but not in GBP/USD. Hope you guys are managing fine trading that pair. I guess that this range on the top is due to the USD and not the GBP
  • #360,204
  • Jan 23, 2014 7:37am Jan 23, 2014 7:37am
good us employment data and it is totally ignored. both euro and cable do not drop, but instead want to go up. if the data was bad, it would be guaranteed a big spike up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,205
  • Jan 23, 2014 7:40am Jan 23, 2014 7:40am
Quoting chazzle
{quote} ok - will try to remember, cheers
Always NOTE it... LOL


Quoting chazzle
{quote} slept in, hangover , problem with charts - that kind of action today lol
The Best Solution for Rest and Relax
Always looking the GREAT, never left GOOD Point...
  • #360,206
  • Jan 23, 2014 7:42am Jan 23, 2014 7:42am
short 6592 tp 654.
red data from UK actual more than forecast
  • #360,207
  • Jan 23, 2014 7:44am Jan 23, 2014 7:44am
I was hoping all the traders who come out after news bragging about how much pips they make come out and say how much pips they lost
  • #360,208
  • Jan 23, 2014 7:46am Jan 23, 2014 7:46am
Quoting IveGotQuads
I was hoping all the traders who come out after news bragging about how much pips they make come out and say how much pips they lost

its not in the human nature to brag about their mistake. There seems to be a fair amount of people who went short on GBP/USD, dont put pressure on them. If they make it out of this mess without a margin call they will be good trader, if not, it will be another chapter on their learning process
  • #360,209
  • Jan 23, 2014 7:48am Jan 23, 2014 7:48am
Quoting khol_hands
short 6592 tp 654. red data from UK actual more than forecast
the data was ignored already. forget about short-term fundies. this game is purely driven by big guys seeking profits which ever ways they see easier
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,210
  • Jan 23, 2014 7:50am Jan 23, 2014 7:50am
Quoting IveGotQuads
I was hoping all the traders who come out after news bragging about how much pips they make come out and say how much pips they lost
no signal, no trade, no profit, no loss. still two chances left for me today: pmi and home sales.
fortis fortuna adiuvat
  • #360,211
  • Jan 23, 2014 7:53am Jan 23, 2014 7:53am
Quoting ffleo
{quote} the data was ignored already. forget about short-term fundies. this game is purely driven by big guys seeking profits which ever ways they see easier
look at euro. you think new york guys would sell euro on good us employment data? no. they are pushing it up. screw all the fundies following crews
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,212
  • Jan 23, 2014 7:53am Jan 23, 2014 7:53am
Quoting chazzle
{quote} slept in, hangover , problem with charts - that kind of action today lol
oh....I see
Hear the music before the song is over ...
  • #360,213
  • Jan 23, 2014 7:53am Jan 23, 2014 7:53am
Quoting ffleo
{quote} the data was ignored already. forget about short-term fundies. this game is purely driven by big guys seeking profits which ever ways they see easier
I see PA 661xx on weekly chart.
  • #360,214
  • Jan 23, 2014 7:55am Jan 23, 2014 7:55am
After creating flag seems like cable will fly again. 1.6750 is the next target, 2010 high
  • #360,215
  • Jan 23, 2014 7:58am Jan 23, 2014 7:58am
I havent been trading the cable today its been pound/yen all day and im trying so hard not to move my SL im long geppy and im almost like 1 pip from been stopped out for the past 5 mins over and over again
  • #360,216
  • Jan 23, 2014 7:58am Jan 23, 2014 7:58am
Quoting ffleo
{quote} look at euro. you think new york guys would sell euro on good us employment data? no. they are pushing it up. screw all the fundies following crews

The Euro was on the loosing side for the last 2 weeks while the USD was on the gaining side 3 days after the NFP release. Things had to reverse for a moment and thats what happened today. Trading the fundamentals is more than just looking at 1 news and hoping it will affect the market immediately.
Attached Image
  • #360,217
  • Jan 23, 2014 8:01am Jan 23, 2014 8:01am
Quoting Capelli
{quote} The Euro was on the loosing side for the last 2 weeks while the USD was on the gaining side 3 days after the NFP release. Things had to reverse for a moment and thats what happened today. Trading the fundamentals is more than just looking at 1 news and hoping it will affect the market immediately.
and what about the pound always winner, weak eur gbp rising, strong usd gbp rising....madness ?
  • #360,218
  • Jan 23, 2014 8:02am Jan 23, 2014 8:02am
Found Piercing Line Signal in H4 Chart.

Price 1.6615 is Critical Point.
If Broken... She will go to 1.6638


EURO continues go Upward
Always looking the GREAT, never left GOOD Point...
  • #360,219
  • Jan 23, 2014 8:03am Jan 23, 2014 8:03am
Quoting reclude82
{quote} and what about the pound always winner, weak eur gbp rising, strong usd gbp rising....madness ?

The pond stood in the gaining side for 2 days this week and one last week. Every other day, its was either neutral or loosing. This week it caught up with its lost and went further.

The same goes for the CHF
  • #360,220
  • Jan 23, 2014 8:04am Jan 23, 2014 8:04am
Is strong pound good for UK economy? Can anybody answer?
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