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Cable Update (GBPUSD)

  • #360,321
  • Jan 23, 2014 3:42pm Jan 23, 2014 3:42pm
Quoting elbert3
{quote} i am short asdusd from 8830 it has broke res line but come back on the 1 hour i have a sl on 8800 target 8500 but not sure on this , off now good luck message me good or bad but its my call remember
Maybe keep an eye on 'em not trading them tho Billy, too much on my hands already.

Have a good one.


P.S.
Hope you got to run your errands today after all.
Hear the music before the song is over ...
  • #360,322
  • Jan 23, 2014 3:42pm Jan 23, 2014 3:42pm
Quoting Ken A
{quote} Can't really blame them though. They trade what they know and perceived as facts. I am still making mistakes from time to time.
And that is what has I'm totally confused about.

The Fed has given the clearest guidance and stance with regards to their policy, it's the closest example of FACTS I can find anywhere, yet it is not even mentioned in here.

That is what is so amazing....

It's not about making mistakes, it's about a balanced view, that is all.
Come with me if you want to live....
  • #360,323
  • Jan 23, 2014 3:49pm Jan 23, 2014 3:49pm
I'm home with my kid and she needs my attention, so got to go, but here is some info worth reading.

He is pretty strong and determined with his views and that throws some people off, but while he is not ALWAYS right, his track record craps all over the chest thumping article gurus that flood the news section of this place and elsewhere
.

Something worth considering.

Special interest is the "who will head the Fed, it doesn't matter" info.

http://www.swingtradingdaily.com/author/larry-edelson/

All the best...
Come with me if you want to live....
  • #360,324
  • Jan 23, 2014 3:52pm Jan 23, 2014 3:52pm
Quoting Ill-b-back
{quote} And that is what has I'm totally confused about. The Fed has given the clearest guidance and stance with regards to their policy, it's the closest example of FACTS I can find anywhere, yet it is not even mentioned in here. That is what is so amazing....

Can't recall who but one of these "investment fund gurus" had a Q/A where he stated japan crash in few years. But what has stuck in my head is he was asked a question why to which he replied "cooked" data in japan, he then was asked the same about US to which he replied "I stopped worrying about US economic stance".
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,325
  • Jan 23, 2014 3:53pm Jan 23, 2014 3:53pm
Quoting Ill-b-back
{quote} Well Fukc me...
  • #360,326
  • Jan 23, 2014 3:55pm Jan 23, 2014 3:55pm
Quoting Hickson
{quote} I am on your boat. Still holding shorts, I am suspicous about this pound strength.

You were the one talking about rubbing salt, you dont seem to know much about trading. If you were smart enought to look at other charts than only GBP/USD you would see that its not the pound that is extremely strong, but the dollar that is extremely weak. The GBP had already lost considerably against other currency like the Euro, the JPY and the CHF.
  • #360,327
  • Jan 23, 2014 3:57pm Jan 23, 2014 3:57pm
Quoting 110101
{quote} Can't recall who but one of these "investment fund gurus" had a Q/A where he stated japan crash in few years. But what has stuck in my head is he was asked a question why to which he replied "cooked" data in japan, he then was asked the same about US to which he replied "I stopped worrying about US economic stance".
What does this mean?
Please excuse my confusion
Come with me if you want to live....
  • #360,328
  • Jan 23, 2014 3:59pm Jan 23, 2014 3:59pm
Quoting Capelli
{quote} You were the one talking about rubbing salt, you dont seem to know much about trading. If you were smart enought to look at other charts than only GBP/USD you would see that its not the pound that is extremely strong, but the dollar that is extremely weak. The GBP had already lost considerably against other currency like the Euro, the JPY and the CHF.
Bingo.

However, I think that idea maybe a little off putting for some though
Come with me if you want to live....
  • #360,329
  • Jan 23, 2014 4:02pm Jan 23, 2014 4:02pm
Quoting Ill-b-back
{quote} What does this mean? Please excuse my confusion
i'll try to remember where i saw that video but what i was trying to say is logically(to me anyway) there is no better economy than the US. Currently and in the future.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,330
  • Jan 23, 2014 4:03pm Jan 23, 2014 4:03pm
Quoting Ill-b-back
{quote} Bingo. However, I think that idea maybe a little off putting for some though

I wish they could open their eye and look at other charts. I dont understand why most people only focus on one single chart and try/hope that the market will give them good opportunities every day
  • #360,331
  • Jan 23, 2014 4:06pm Jan 23, 2014 4:06pm
Quoting GlobalMacro
{quote} Hi Paul, Been a long time, my friend. How's it been on your side? I still remember your economic discourse with AMS back in the days, always enjoyed it....
Things are going well, thanks GM. A slow start to 2014, but things are picking up this week.

I'm still very actively trading, mainly on equity futures but still can't resist the allure of FX, especially with cable looking so interesting at the moment. Good to see you posting on the forum again - it adds a lot of value to the discussion. There are a handful of decent posters on this thread once again, which draws me back as an occasional contributor.
  • #360,332
  • Jan 23, 2014 4:07pm Jan 23, 2014 4:07pm
Quoting Ken A
{quote} I personally think watching and trading many pairs at least USD, EUR, JPY, GBP, AUD and NZD watching Gold, Crude and treasuries have and edge to market dynamics instead of fixated to Spanish unemployment rate then EUR should fall. But that's me.

Thank GOD! Im not the only one who thinks like that too
  • #360,333
  • Jan 23, 2014 4:07pm Jan 23, 2014 4:07pm
Quoting _BBKing_
When i see this: {image} my reaction is: {image}
Maybe the advertisement is referring to the Fish Market, or Vegetable Market, or Fruit Market, or.......
  • #360,334
  • Jan 23, 2014 4:10pm Jan 23, 2014 4:10pm
Quoting 110101
{quote} i'll try to remember where i saw that video but what i was trying to say is logically(to me anyway) there is no better economy than the US. Currently and in the future.
I agree, but that didn't stop the multi year bull run prior to the crash.
There's so much more to FX than economies alone.
The Feds printing is not going unnoticed globally, my country and a growing number of others are avoiding it like the plague for international trade.
Irrespective of economic strength, the Feds policy is fairly crystal clear, and the market is finding elsewhere to go.

If the 900 odd pip 1.48 - 1.57xx monthly/weekly consolidation zone, follwed by this bull run and the breaking of the 4 year containment trendline (not range), isn't telling anyone anything, then there is not much more I can do.

I've attached some interesting reading in post above, it may shed some more light.
Come with me if you want to live....
  • #360,335
  • Jan 23, 2014 4:11pm Jan 23, 2014 4:11pm
Quoting FxMaximus
{quote} Maybe the advertisement is referring to the Fish Market, or Vegetable Market, or Fruit Market, or.......
...... or no market
  • #360,336
  • Jan 23, 2014 4:17pm Jan 23, 2014 4:17pm
Quoting Ill-b-back
{quote} I agree, but that didn't stop the multi year bull run prior to the crash. There's so much more to FX than economies alone. The Feds printing is not going unnoticed globally, my country and a growing number of others are avoiding it like the plague for international trade. Irrespective of economic strength, the Feds policy is fairly crystal clear, and the market is finding elsewhere to go. If the 900 odd pip 1.48 - 1.57xx monthly/weekly consolidation zone, follwed by this bull run and the breaking of the 4 year containment trendline (not...

here's the video i talked about, its on a long side but if you have time

Inserted Video
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,337
  • Jan 23, 2014 4:29pm Jan 23, 2014 4:29pm
Quoting Capelli
{quote} You were the one talking about rubbing salt, you dont seem to know much about trading. If you were smart enought to look at other charts than only GBP/USD you would see that its not the pound that is extremely strong, but the dollar that is extremely weak. The GBP had already lost considerably against other currency like the Euro, the JPY and the CHF.
Yes, thank you very much. Indeed I have been trading for a month or so and know that I still have a lot to learn. I also noticed how weak the USD performed against other currencies. If I were smart enough, I would consider to stop posting in an online forum as a trading novice where I would refuse to shake my hands with most of its complacent users in real life.
Fix up, trade sharp ...
  • #360,338
  • Jan 23, 2014 4:40pm Jan 23, 2014 4:40pm
Quoting gammase1
{quote} Things are going well, thanks GM. A slow start to 2014, but things are picking up this week. I'm still very actively trading, mainly on equity futures but still can't resist the allure of FX, especially with cable looking so interesting at the moment. Good to see you posting on the forum again - it adds a lot of value to the discussion. There are a handful of decent posters on this thread once again, which draws me back as an occasional contributor.
It's good to see you as well. I'm also trading in other markets but FX has been and will always remain alluring without a doubt.
Hope to see more of your rich contributions on the thread, Sir.
Hear the music before the song is over ...
  • #360,339
  • Jan 23, 2014 4:52pm Jan 23, 2014 4:52pm
Quoting Ken A
{quote} What's the plan for your U/J long?

I'm holding it long. I expect EU to fall and with that UJ up and e,g/j also.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #360,340
  • Jan 23, 2014 4:58pm Jan 23, 2014 4:58pm
Quoting 110101
{quote} I'm holding it long. I expect EU to fall and with that UJ up and e,g/j also.

same here, so far I have 12 pips in profit
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