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Cable Update (GBPUSD)

  • #360,621
  • Jan 24, 2014 10:19am Jan 24, 2014 10:19am
Quoting Davit
{quote} No more Ben Yellen the superwomen takes over The prevailing view as Ben Bernanke retires turns the gavel over to Janet Yellen as Chair of the Federal Reserve Board is that the Yellen-led Fed will be a continuation of current policies – Bernanke version 2.0. We disagree. The CME Group feels strongly that during 2014 and 2015 Yellen will put a decidedly different stamp on the Fed: (1) Bernanke and his fear of depression are gone,...
a keynesian is replaced by a keynesian. heli-ben or drone-janet... she´s an expert for the labor-market. printing dollars at the speed of light is her goal, until the last unqualified person get´s a job. i hope, fischer can moderate her. he´s experienced with an economy in trouble, although his way in israel was mainly a beggar thy neighbour policy.
fortis fortuna adiuvat
  • #360,622
  • Jan 24, 2014 10:21am Jan 24, 2014 10:21am
Quoting elbert3
{quote} yes i do the same if you see my charts the tl are made from all over the place, the last few days all of my x marks all hit, i posted a chart before with my idea of were we are going when short i think 6604 is going to be the high point if it gets there,my thoughts are now short based. with respect,
We are at a funny spot, until if/when we escapes the loger term range, sharp price action like this will continue, but i have lost count of the number of times I have witnessed wacky bullish recovery in the face of immediate bearish onslaught, which tells me something is going on.

Anyway, as has been said by traders before, we should not listen to others, including me...

This really is a mugs game, it's enough to put us all on Prosac at times.

I'm off to the Gym, all the best guys
Come with me if you want to live....
  • #360,623
  • Jan 24, 2014 10:23am Jan 24, 2014 10:23am
Quoting Davit
{quote} I am just saying the obvious that Feds reached their ceiling as far as printing money.The Fed’s balance sheet now exceeds $4 trillion and anything forward is managing and reducing this debt.
That's a baseless presumption
Come with me if you want to live....
  • #360,624
  • Jan 24, 2014 10:27am Jan 24, 2014 10:27am
Quoting Ill-b-back
{quote} We are at a funny spot, until if/when we escapes the loger term range, sharp price action like this will continue, but i have lost count of the number of times I have witnessed wacky bullish recovery in the face of immediate bearish onslaught, which tells me something is going on. Anyway, as has been said by traders before, we should not listen to others, including me... This really is a mugs game, it's enough to put us all on Prosac at times. I'm off to the Gym, all the best guys
yes i agree i think all that any body can do is look ,read, and gather info that you must act on on your own accord, only this is the biggest game of

Probabilities ever have a good workout

  • #360,625
  • Jan 24, 2014 10:28am Jan 24, 2014 10:28am
Quoting paul-fx
GBP early morning bulls got silent and scared
Nahhh. They're just not as noisy as bears
Those who say it cannot be done should not interrupt those who are doing it
  • #360,626
  • Jan 24, 2014 10:29am Jan 24, 2014 10:29am
Quoting ffleo
{quote} honk honk, let us honk, honk, while bulls are hiding in their corner to smell their bullshit. {image}
Leo, What time frame do you trade?
Those who say it cannot be done should not interrupt those who are doing it
  • #360,627
  • Jan 24, 2014 10:30am Jan 24, 2014 10:30am
little battle going on at the 15m looks like we have 2 inside bars so we will have a buy and a sell on the mother candle to see were she goes
  • #360,628
  • Jan 24, 2014 10:36am Jan 24, 2014 10:36am
Quoting Ill-b-back
{quote} That's a baseless presumption

Not what I have been reading.Feds position is dangerous and unsustainable.
In trading, you have to be defensive and aggressive at the same time
  • #360,629
  • Jan 24, 2014 10:39am Jan 24, 2014 10:39am
Quoting deltaone
{quote} a keynesian is replaced by a keynesian. heli-ben or drone-janet... she´s an expert for the labor-market. printing dollars at the speed of light is her goal, until the last unqualified person get´s a job. i hope, fischer can moderate her. he´s experienced with an economy in trouble, although his way in israel was mainly a beggar thy neighbour policy.

At least Fischer said Feds easing is dangerous and acknowledges his role to devise plans to tackle complexity of it.
In trading, you have to be defensive and aggressive at the same time
  • #360,630
  • Jan 24, 2014 10:41am Jan 24, 2014 10:41am
Quoting Davit
I have a dilemma Close all my shorts with -270 loss or let it ride and collect lot more as profit if bear continues to 6320 which is my original TP. Feb is just around the corner which could be good for USD My only reservation is Bull is just getting foothold at 1.65 for higher targets.I rather lose 300 then end of holding the bag tough decision
Hi Davit. Yes you do appear to be in a bit of a pickle.
Yes 6500 is tough support and we will certainly see a bounce.
However, we didn't get a 3 wave move down. We only got one. Therefore we need one more wave up to the 50 of 61.8 fib of the meltdown and then head for a new low before heading back into bull country. My estimate is that we will see anywhere between 1.6390 and 1.6450 as a low before takeoff.

Hope it's of some help to you.
Of course this projection does not come with any guarantees. It's only a high probability... Not a certainty.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,631
  • Jan 24, 2014 10:42am Jan 24, 2014 10:42am
Howzit Guys!

Still trading? what's happening?
  • #360,632
  • Jan 24, 2014 10:44am Jan 24, 2014 10:44am
Quoting ffleo
{quote} it is critical that E/G bounced hard around 8170, proving 8170 as strong support. So cable will drop faster than euro. euro is at resistance now.
I think you mean Cable will rise slower than Euro.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,633
  • Jan 24, 2014 10:47am Jan 24, 2014 10:47am
Quoting PipTrapper
{quote} Hi Davit. Yes you do appear to be in a bit of a pickle. Yes 6500 is tough support and we will certainly see a bounce. However, we didn't get a 3 wave move down. We only got one. Therefore we need one more wave up to the 50 of 61.8 fib of the meltdown and then head for a new low before heading back into bull country. My estimate is that we will see anywhere between 1.6390 and 1.6450 as a low before takeoff. Hope it's of some help to you. Of course this projection does not come with any guarantees. It's only a high probability... Not a certainty....

thanks for your input friend.I moved my SL to 6530 for higher up shorts if get stopped out I may add more shorts higher up.
At 6450 I will be in good profit.At 64 way better and at 6350 massively
In trading, you have to be defensive and aggressive at the same time
  • #360,634
  • Jan 24, 2014 10:53am Jan 24, 2014 10:53am
The DTL...

If I was a bear this would worry me.



GU Daily

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Just a thought

Attached Image
  • #360,635
  • Jan 24, 2014 10:55am Jan 24, 2014 10:55am
Quoting Davit
{quote} thanks for your input friend.I moved my SL to 6530 for higher up shorts if get stopped out I may add more shorts higher up. At 6450 I will be in good profit.At 64 way better and at 6350 massively
Cool. I think if you exercise the right amount of patience and cut back a bit on your exposure where you can, you'll come out in great shape.
Those who say it cannot be done should not interrupt those who are doing it
  • #360,636
  • Jan 24, 2014 11:00am Jan 24, 2014 11:00am
Quoting Davit
{quote} At least Fischer said Feds easing is dangerous and acknowledges his role to devise plans to tackle complexity of it.
yes. he´s the man with the master plan - hopefully
fortis fortuna adiuvat
  • #360,637
  • Jan 24, 2014 11:07am Jan 24, 2014 11:07am
First projected area:
Orange is a weak sell zone
Red is a strong sell zone

After Orange/Red zone is tested, next is:
Yellow is a weak buy zone
Green is a strong Buy zone

After that it's a bull stampede to heaven

G/U M15

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #360,638
  • Jan 24, 2014 11:13am Jan 24, 2014 11:13am
little fakey going on at the 15min should see a movement soon
  • #360,639
  • Jan 24, 2014 11:17am Jan 24, 2014 11:17am
Quoting elbert3
little fakey going on at the 15min should see a movement soon
i know it´s not the right thread for this, but if interested, take a look at the dow
fortis fortuna adiuvat
  • #360,640
  • Jan 24, 2014 11:21am Jan 24, 2014 11:21am
Quoting PipTrapper
First projected area: Orange is a weak sell zone Red is a strong sell zone After Orange/Red zone is tested, next is: Yellow is a weak buy zone Green is a strong Buy zone After that it's a bull stampede to heaven G/U M15 {image}

According to Scott Carney harmonic expert best reversal zones are between 78.6-88.6 fibs generally if 88 fib is vioated price will exceed original measurnment.
regards
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In trading, you have to be defensive and aggressive at the same time
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