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Cable Update (GBPUSD)

  • #361,741
  • Feb 1, 2014 6:01am Feb 1, 2014 6:01am
monthly gbp nzd is difficult ,I guess could go higher but suspect will fail ,tl respected but deep consolidation ,I feel confident nzd bear
stay in range ?

Quoting Bones
thing is Nav whilst cable is a bit ugly we don't need gbp to fall imo ,usd will have a bullish time , bear nzd bull usd {quote} {image}
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,742
  • Feb 1, 2014 6:06am Feb 1, 2014 6:06am
GU fall possible. Weakness shown in circle.
Attached Image (click to enlarge)
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-milkeyway
  • #361,743
  • Feb 1, 2014 6:14am Feb 1, 2014 6:14am
Hi Ken I do think jpy is stronger than $ ,just compare monthly

Quoting Bones
be nice to break clean {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,744
  • Feb 1, 2014 7:20am Feb 1, 2014 7:20am
Quoting Bones
why ? {quote}
Sell USD buy JPY

Quoting Bones
Hi Ken I do think jpy is stronger than $ ,just compare monthly {quote}
My point exactly
  • #361,745
  • Feb 1, 2014 7:26am Feb 1, 2014 7:26am
Quoting TauTrader
{quote} Here's mine for the month - live account. Only 8 trades taken.. {image}

Tgames,this is what I call "STELLA PERFORMANCE";you guys are killing the FOREX mkt, and proving to any doubting Thomases that IT CAN BE DONE!

Never slacken the pace bro!
  • #361,746
  • Feb 1, 2014 7:27am Feb 1, 2014 7:27am
comparable ,to other currencies both are strong I'm thinking
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,747
  • Feb 1, 2014 7:28am Feb 1, 2014 7:28am
Quoting Bones
comparable ,to other currencies both are strong I'm thinking
Daily
Attached Image (click to enlarge)
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Monthly
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  • #361,748
  • Feb 1, 2014 7:29am Feb 1, 2014 7:29am
Quoting davit
{quote} thanks bro.i am learning from my mistakes.even few months ego i would have taken trades that now i would not touch with ten foot poll. My goal is modest 6% anything above is gravy. Best wishes

you are a super-trader undergoing processing!
  • #361,749
  • Feb 1, 2014 7:46am Feb 1, 2014 7:46am
better to just eyeball chart


Quoting Ken A
{quote} Daily {image} Monthly {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: d1 Gold Ounce USD.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,750
  • Feb 1, 2014 7:49am Feb 1, 2014 7:49am
Quoting Bones
better to just eyeball chart {quote} {image} {image}
I can't compare USD and JPY strength/weakness based on single instrument Gold. It's not what used to be and as hedge against fear of inflation hence the drop. FED change policy - market also change.

Very likely JPY strength may continue in Feb but things and market sentiment can change in split second. Although Japan CPI shows target achieved doesn't mean will get the dollar yen back to 88.00.

Curious, are you a long term trader? Your charts mostly Weekly and Monthly.
  • #361,751
  • Feb 1, 2014 7:56am Feb 1, 2014 7:56am
Quoting 45Condor
{image} Monthly moan ending January 2014.. Here, why don’t you come and sit by me and put this pipe in your mouth… yeah, that’s right, suck on it as you enjoy the blow.
Freudian slip?
Happy Horse Year..
  • #361,752
  • Feb 1, 2014 8:02am Feb 1, 2014 8:02am
ooh not going to answer ,here's a monthly for usd only .last 4 months whittle away that big bear candle

Quoting Ken A
{quote} I can't compare USD and JPY strength/weakness based on single instrument Gold. It's not what used to be and as hedge against fear of inflation hence the drop. FED change policy - market also change. Very likely JPY strength may continue in Feb but things and market sentiment can change in split second. Although Japan CPI shows target achieved doesn't mean will get the dollar yen back to 88.00. Curious, are you a long term trader? Your charts mostly Weekly and Monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXMonthly 1-2.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,753
  • Feb 1, 2014 8:06am Feb 1, 2014 8:06am
also jpy ,I don't think jpy will turn easy not even thier government could do
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,754
  • Feb 1, 2014 8:10am Feb 1, 2014 8:10am
Quoting Bones
ooh not going to answer
Think I get the idea because long term trade technical is simply not enough.

Quoting Bones
here's a monthly for usd only .last 4 months whittle away that big bear candle
You are aware what is in the basket to calculate Dollar Index right?
  • #361,755
  • Feb 1, 2014 8:12am Feb 1, 2014 8:12am
its not the index (usdx) but thats bullish too
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,756
  • Feb 1, 2014 8:14am Feb 1, 2014 8:14am
I have no intention talking here about my actual trades thats all ,I have difficulties ,mainly money management position size
I don't want to add pressure

[quote=Ken A;7252956]{quote} Think I get the idea because long term trade technical is simply not enough.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,757
  • Feb 1, 2014 8:19am Feb 1, 2014 8:19am
Quoting Bones
I have no intention talking here about my actual trades thats all ,I have difficulties ,mainly money management position size I don't want to add pressure
Discover yourself then you will be fine. It's all about you nothing about the market. Market is always there either up or down.
  • #361,758
  • Feb 1, 2014 8:36am Feb 1, 2014 8:36am
Your right Ken ,actually still not there at all ,I know it ,btw I agree with you on gold ,not sure whats driving it as such ,although to the eye its not moving with $ ,long term charts it probably will overall
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,759
  • Feb 1, 2014 10:49am Feb 1, 2014 10:49am
Quoting cdndollar
{quote} Freudian slip? Happy Horse Year..

I like my double ententes… especially when directed against those that I do not particularly like.

I hope the little ditty gave some respite from the chasing of money on FF, and plan to try and pen one of these a month. (I get bored in hotels)

And yes, happy horse year... you do know that the wife and I are, albeit at amateur level, avid horse lovers, and ride and compete whenever possible?

That's my horse... the one in the background.
Attached Image
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,760
  • Edited 12:56pm Feb 1, 2014 12:37pm | Edited 12:56pm
Quoting eliasahmar
{quote} check the weekly chart and you will see a nice retrace for GU... don't forget that this week GU couldn't break 1.666 (last week high) it's time for a corrective wave

2 important red news on UK next week manufacturing PMI and Construction PMI if green we will most likely resume uptrend
Don't get caught against the stream.
Although I made a killing shorting cable I am lot more cautious now.
I'll be shorting most probably depending on situation with news and charts from 1.66 -168

Some may ask if you think its gonna go up why not buy now.
Answer-Fundamentally to me cable has been overbought and I have no intention of buying something that is out-priced.Simple as that plus we are on top of the channel in a range last 5yrs.
I like shorting lot more then buying....I guess I am contrarian by nature.
In trading, you have to be defensive and aggressive at the same time
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