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Cable Update (GBPUSD)

  • #362,361
  • Feb 6, 2014 7:35am Feb 6, 2014 7:35am
Now is not fake.
  • #362,362
  • Feb 6, 2014 7:40am Feb 6, 2014 7:40am
Quoting Bones
exactly ,its doing different things on different time frames ,completing tasks ,lets not forget that this is a real market when some one has to change money i.e business etc {quote}
hi bones it is my words for what i found works, it is hard to come across in text when trying to say what you want with out somebody getting cross when it was only a harmless message , and with that you can or anybody can watch the clip, you prob would of seen it before, respectfully billy
Inserted Video
  • #362,363
  • Feb 6, 2014 7:49am Feb 6, 2014 7:49am
Attached Image (click to enlarge)
Click to Enlarge Name: f1.png Size: 98 KB
this is the start yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: fake2.png Size: 72 KB
this is were as Quads states consolidation , or if you want to call it breakout trading, i just call it a fake were price is contained it breaks out the goes the other way catching some traders out,,,,, i am now sorry i posted it lol thank you Quads for your imput , as we were saying yesterday about market movers on that note i might go short again lol
  • #362,364
  • Feb 6, 2014 7:52am Feb 6, 2014 7:52am
Euro rocketing to the sky pound no reaction! What the f its not moving? Move move !!
  • #362,365
  • Feb 6, 2014 7:53am Feb 6, 2014 7:53am
short 6299 off the fake
  • #362,366
  • Feb 6, 2014 7:54am Feb 6, 2014 7:54am
Quoting Trader88q
Euro rocketing to the sky pound no reaction! What the f its not moving? Move move !!
are you long or short or waiting respectfully
  • #362,367
  • Feb 6, 2014 7:57am Feb 6, 2014 7:57am
Quoting Trader88q
Euro rocketing to the sky pound no reaction! What the f its not moving? Move move !!

When the bottom is in the right place , the market needs time to trending.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #362,368
  • Feb 6, 2014 7:59am Feb 6, 2014 7:59am
Quoting elbert3
{quote} are you long or short or waiting respectfully
i placed pending:
6250 short SL 6350 TP 6150
6350 long SL 6250 TP 6450

My risk: reward 1:1

Just dont get euro is going up why pound dont react on that. It should go up as usually
  • #362,369
  • Feb 6, 2014 8:01am Feb 6, 2014 8:01am
Quoting elbert3
short 6299 off the fake
LOLZ thats not a fake up tho but selling 45 mins after the move there is called fading the news and it has a high % of success although as with anything contains risk. good luck
  • #362,370
  • Feb 6, 2014 8:04am Feb 6, 2014 8:04am
Quoting Trader88q
{quote} i placed pending: 6250 short SL 6350 TP 6150 6350 long SL 6250 TP 6450 My risk: reward 1:1 Just dont get euro is going up why pound dont react on that. It should go up as usually
Eur/Gbp aggrssively , Usd/Jpy moving Gbp/Jpy
  • #362,371
  • Feb 6, 2014 8:04am Feb 6, 2014 8:04am
Quoting Trader88q
{quote} i placed pending: 6250 short SL 6350 TP 6150 6350 long SL 6250 TP 6450 My risk: reward 1:1 Just dont get euro is going up why pound dont react on that. It should go up as usually
as we have been saying who is moving the price,?? i think this move now will break the 6255 fake sorry i say fake move from yesterday i am putting my neck on the line, lol
  • #362,372
  • Feb 6, 2014 8:05am Feb 6, 2014 8:05am
Quoting eurusd_trade
IMO GU if it breaks 1.6350 anytime soon will be a relatively fast print tomorrow around the BoE/ECB decision before a collapse under 1.6250 -> 1.61 (ie i think you will need to be fast to take profit or leave an order) alternatively, we completely miss it and come back weeks later after GU gets pummeled closer to 1.60 it's surprising how many people want to be long after 3-6 months of trading ABOVE the institutional daily pivots with some brief dips below and now we are firmly BELOW both in GU and GBP/XXX and people are hoping for a scalp back to...
well following up on yesterday, way too many muppets bought in the 1.63-1.6325 range and now EG is aiming for 8350, like i said, people looking for longs when the institutions are short. stops don't get run when everyone knows where the stops are, it just gets confined to a range in the absence of news.
too much open interest, crowded retail positions, especially long
  • #362,373
  • Feb 6, 2014 8:06am Feb 6, 2014 8:06am
Quoting IveGotQuads
{quote} LOLZ thats not a fake up tho but selling 45 mins after the move there is called fading the news and it has a high % of success although as with anything contains risk. good luck
thanks mate just having a joke with others , i really hope my charts come true lol
  • #362,374
  • Feb 6, 2014 8:07am Feb 6, 2014 8:07am
look, how EUR and GBP reacting to the news.... so funny

Euro flying high, let see where the cable will go, EUR/GBP flying high also
  • #362,375
  • Feb 6, 2014 8:11am Feb 6, 2014 8:11am
Quoting Red Alert
look, how EUR and GBP reacting to the news.... so funny Euro flying high, let see where the cable will go, EUR/GBP flying high also
EURGBP about to drop, but both EUR and GBP will gain rapidly on dollar. GBPUSD looking like its ready to explode.
  • #362,376
  • Feb 6, 2014 8:11am Feb 6, 2014 8:11am
Quoting Red Alert
look, how EUR and GBP reacting to the news.... so funny Euro flying high, let see where the cable will go, EUR/GBP flying high also
yes its annoying but its the truth USD is the reserve currency of the world and apart from the USD main pairs all other pairs are a cross of US in the true sense ...Eur/Gbp is Eur/Usd // Gbp/Usd and Eur/Jpy is Eur/USD // Usd/Jpy and so on.
  • #362,377
  • Feb 6, 2014 8:11am Feb 6, 2014 8:11am
sell 310 sl 330 tp 250+
With a good book and quality paper you can fine wipe your ass.
  • #362,378
  • Feb 6, 2014 8:15am Feb 6, 2014 8:15am
Quoting Zappa
{quote} EURGBP about to drop, but both EUR and GBP will gain rapidly on dollar. GBPUSD looking like its ready to explode.
right because everyone is in SUCH a rush to sell EG after breaking above trendline again. granted we are at daily channel highs but after all the real money GBP buying recently the macro movers aren't exactly rushing into the currency, especially not unti GBP/XXX retests LT support. a retest of 1.6410 doesn't count. for a big LT move higher, try again in 3-6 months, maybe, after more pain around 1.60xx and 1.61xx
  • #362,379
  • Feb 6, 2014 8:21am Feb 6, 2014 8:21am
Quoting eurusd_trade
{quote} right because everyone is in SUCH a rush to sell EG after breaking above trendline again. granted we are at daily channel highs but after all the real money GBP buying recently the macro movers aren't exactly rushing into the currency, especially not unti GBP/XXX retests LT support. try again in 3-6 months, maybe
You'll see. It'll be back down to .8175 very shortly, just watch.
  • #362,380
  • Edited 2:19pm Feb 6, 2014 8:22am | Edited 2:19pm
Quoting uksnowman
{quote} Hi Global Macro, how are you these days? Been away from the boards for a while? I remember your lethal descending wedges from a few years ago, looks like we have one here on GU. Just wonder why you decided to pull the GU long? Waiting for news to settle? I was long yesterday from 1.6260 but closed most around 1.6313 previous daily lows as news could easily take it out, left one trade running. Attached a chart. 1.6250 is very important, we need to stay above that as the 50% from swing low in Nov. If that is rejected, a bounce opens up 1.642...
You still remember the good ole' days -- huh?.... Good Man.... I'm doing fine, how you been?

Major difference nowadays is that we have much lower volatility readings in the market compared to previous years.
We should've completed a bounce and back again by now.
Also lots of weak longs entering the market atm.
Major TL broken and low volatility......
I would like to see some convincing follow-through, until then I prefer to stay out.
Hear the music before the song is over ...
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