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Cable Update (GBPUSD)

  • #360,241
  • Jan 23, 2014 8:57am Jan 23, 2014 8:57am
Quoting Griffo
{quote} Brilliant! Hopefully some bad data then to make sure it's a push up!
uhm i could be wrong, i didn't check this but seems to me, home data must come out green to give positive effects on GBP, EUR and other risk assets...
no time for check, data will be out in 3
let's see!
90% of traders use TA, indicators and prediction
  • #360,242
  • Jan 23, 2014 9:01am Jan 23, 2014 9:01am
Bad data. Let's go up up and away!
  • #360,243
  • Jan 23, 2014 9:02am Jan 23, 2014 9:02am
Quoting Ken A
{quote} Other than scalping no. Still keep GBP/CAD and GBP/CHF and partial longs GBP/AUD and EUR/AUD from earlier Asian session due to less than expected China PMI. China PMI has triggered risk-off from earlier Asian session U/J, U/CHF, .... down
risk off it is......for now.
Hear the music before the song is over ...
  • #360,244
  • Jan 23, 2014 9:08am Jan 23, 2014 9:08am
Quoting Ken A
{quote} Looks like already priced in but too early to tell wait for few hours and after LO close. If U/J bounce from 103.50 can assumed it's already priced-in

Market likes even numbers, dont it!?
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,245
  • Jan 23, 2014 9:13am Jan 23, 2014 9:13am
Quoting Ken A
{quote} Green data will give dollar a boost - could be wrong too
90% of traders use TA, indicators and prediction
  • #360,246
  • Jan 23, 2014 9:13am Jan 23, 2014 9:13am
One large steaming turd of a homes number and I think we can hold for 1.664

SP / Dow NAS all down Dxy is in a nose dive
  • #360,247
  • Jan 23, 2014 9:19am Jan 23, 2014 9:19am
ok, no cable-trade for me today. will try again tomorrow 10:30 h.
fortis fortuna adiuvat
  • #360,248
  • Jan 23, 2014 9:28am Jan 23, 2014 9:28am
long 6650 come on i had shit loads of work to do today she is going to kill me, i will have to buy her a new dress out of the profit
  • #360,249
  • Jan 23, 2014 9:53am Jan 23, 2014 9:53am
Heavy short here.
I have no clue what I'm talking about.
  • #360,250
  • Jan 23, 2014 10:04am Jan 23, 2014 10:04am
This seems like the reverse of what I'd expect.

Lately, as dollars have been flowing into the stock market, the US dollar has gotten weaker. If dollars are flowing back out of the stock market, I'd expect the dollar to get stronger.
  • #360,251
  • Jan 23, 2014 10:13am Jan 23, 2014 10:13am
Quoting Boy Wonder
Heavy short here.
Why? Just wanna know?
  • #360,252
  • Jan 23, 2014 10:26am Jan 23, 2014 10:26am
When i see this:
Attached Image


my reaction is:
Attached Image
90% of traders use TA, indicators and prediction
  • #360,253
  • Jan 23, 2014 10:41am Jan 23, 2014 10:41am
Quoting ffleo
watch E/G around 8160/8170. that is going to determine where cable is going in following weeks.
E/G appears to find strong support at 8170. euro just did 50% retrace for the drop since the December high. If E/G stays above 8170, and euro keeps dropping, cable will drop faster than euro. Let us see.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,254
  • Jan 23, 2014 10:42am Jan 23, 2014 10:42am
Quoting _BBKing_
When i see this: {image} my reaction is: {image}
when I see it I would think masturbate in 10 minutes.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,255
  • Jan 23, 2014 10:48am Jan 23, 2014 10:48am
That was probably the fastest money I've ever made in forex. Got almost 20 pips short in less than an hour.

Still didn't make all my money back from the other night though.
  • #360,256
  • Jan 23, 2014 10:51am Jan 23, 2014 10:51am
Quoting JimmyC
DXY 1H This has driven some of the strength today also unique opportunity to study the loud-speaker structure"" Now @ support {image} If that last candle closed as configured on the chart it would be a doji- morning star and would signal reversal for dollar bulls....
diverging wedge appearing at the top usually lead to a big drop, at the bottom lead to a big rise. That is probably what spx is doing right now.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #360,257
  • Jan 23, 2014 11:22am Jan 23, 2014 11:22am
It can again test the rejection point.
Bull is so stubborn nowadays by the help of UK data
You cannot learn better without losing
  • #360,258
  • Jan 23, 2014 11:27am Jan 23, 2014 11:27am
Quoting theXfiles
{quote} Well done Davit, nice quick trade.

Thanks friend
I should of kept moving my stops darn thing dropped another 70 pips.I must stay in it longer next time.
I have improved tremendously as far as staying in the trade to max but occasionally slip away.
Accumulating drawdown now
Regards
In trading, you have to be defensive and aggressive at the same time
  • #360,259
  • Jan 23, 2014 11:33am Jan 23, 2014 11:33am
Quoting Davit
{quote} Thanks friend I should of kept moving my stops darn thing dropped another 70 pips.I must stay in it longer next time. I have improved tremendously as far as staying in the trade to max but occasionally slip away. Accumulating drawdown now Regards
what about your GU shorts, still holding?
  • #360,260
  • Jan 23, 2014 11:36am Jan 23, 2014 11:36am
Quoting reclude82
{quote} what about your GU shorts, still holding?
Accumulating drawdown now
Only need 100pips drop to make profit.I think we might see lot more next week.Its obvious this whole week has been "risk off" on cable but that could change next week.
Institutions don't only buy they sell as well.Price is pushing on 200 fib extension which is pretty far out.6680's I anticipate sell orders waiting.
I also believe in concept of elasticity.When price is pushed to far out from 200SMA it tends to want to come to it as a equilibrium.200sma is around 5775.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.weekly.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
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