1.6761 nice number to short on , is the 25%fib ext on the day chart, if you measure the previous low to high move the extension off that was 25% clue ?????
Cable Update (GBPUSD)
- #363,384
- Feb 14, 2014 2:42am Feb 14, 2014 2:42am
- | Additional Username | Joined Mar 2012 | 2,539 Posts
When the Joker is in the deck.. fear not and play it well
- #363,385
- Feb 14, 2014 2:45am Feb 14, 2014 2:45am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Short - sell limit filled
- #363,386
- Feb 14, 2014 2:46am Feb 14, 2014 2:46am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Thanks for the sound effect.I am sure we can all use your insights. Since I am at it let me elaborate more. Carney on numerous occasions mentioned that RI is not fixed on unemployment numbers only but overall health of the economy.Right now UK "recovery" is on fragile grounds and IR is not even considered for minimum 1year.WE are far from that point now.We can have multiple 1.60-167 until then.. I am not even bringing up Tapering and IR raise on our side. I suggest you stay with sound effects
And the BoE is the most hawkish out of all the G10 countries... Shorting opportunities will come, yes, but not yet.... wait till we reach above 1.68 levels and even beyond, although i still feel that even these highs will only offer correctional trades and not directional.
For the record i called a long position on this pair from 1.6290 and target of 1.66/1.68 , perhaps here will create a double top and fall but there is no valid reason it will...
As for Taper in US, do not be fooled.... They will print for ever!
Cheers!!
- #363,390
- Feb 14, 2014 2:53am Feb 14, 2014 2:53am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #363,391
- Feb 14, 2014 2:55am Feb 14, 2014 2:55am
- | Additional Username | Joined Mar 2012 | 2,539 Posts
Short - sell limit filled {image}
So you simply think that that price is being driven higher
simply to take out shorts ??
I can hardly imagine !!
We'll see
When the Joker is in the deck.. fear not and play it well
- #363,395
- Feb 14, 2014 2:57am Feb 14, 2014 2:57am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
1.6761 nice number to short on , is the 25%fib ext on the day chart, if you measure the previous low to high move the extension off that was 25% clue ?????
- #363,396
- Feb 14, 2014 2:58am Feb 14, 2014 2:58am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} hi ken just a note for you the double top on the weekly is 1.6704. regards
- #363,399
- Feb 14, 2014 3:04am Feb 14, 2014 3:04am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #363,400
- Feb 14, 2014 3:07am Feb 14, 2014 3:07am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...