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Cable Update (GBPUSD)

  • #363,681
  • Feb 14, 2014 6:10pm Feb 14, 2014 6:10pm
Everyone just start buying GU!!!
All posts are my personal opinion
  • #363,682
  • Feb 14, 2014 6:10pm Feb 14, 2014 6:10pm
maybe more, why not, lét say gu will go up to 4.x lol
  • #363,683
  • Feb 14, 2014 6:26pm Feb 14, 2014 6:26pm
Quoting Citiboy
Any takers here? Selling 1.673x, put an SL above 1.6753ish? Fundamentally Carney's shifts in foward guidance were dovish, as the next rate hike is now based on a much broader set of vague indicators. There are three major UK releases next week as well. IF these releases do not confirm the BoE's rationale for massively hiking 2014 gdp projections, GBP will trade lower. {image}
hope you are right. there should be a lot of people crossing their fingers that UK will F up next week.
  • #363,684
  • Feb 14, 2014 6:27pm Feb 14, 2014 6:27pm
Quoting selym_co
This pair seems to be really aggressive for higher levels. I have a long term road-map ...here ... {image} But for now thre seems to be no obstacle between the price and 1,7330s. This does not mean that we cannot make pips from retracements , but I think bullish opportunities shud have the priority.
woah, based on what makes you think it will shoot up again to 1.7330??
  • #363,685
  • Feb 14, 2014 6:29pm Feb 14, 2014 6:29pm
GBPUSD is the new gold and bitcoin. its turned into a farce- a mania of some sort.

dangerous game when GBP is trading at a massive premium already to the USD. and shoots even higher. just like gold in its run from $500 to $1900. made no sense. eventually it comes down. or bitcoin $2/usd to $1300/usd.

a hedge fund game.

this is set for a massive reversal at any moment.

GBP is not colonising the world, and 1.60x+ is just too expensive. everything is priced for perfection.

the 10 year bond rates of gilts and US treasury's are about even, around the 2.7% mark.

Gold has also rebubbled for no particular reason. From $1200 to over $1315 in just a few weeks.
  • #363,686
  • Feb 14, 2014 6:51pm Feb 14, 2014 6:51pm
Very good climbing from the GBP. It had been weak for a long period and is now gaining its ground. I wasnt expecting it to go so high, but the end of that uptrend is near. Still, it could continue going up for a couple of days. I will go short on this pair on Sunday :
Attached Image
  • #363,687
  • Feb 14, 2014 7:11pm Feb 14, 2014 7:11pm
Quoting Capelli
Very good climbing from the GBP. It had been weak for a long period and is now gaining its ground. I wasnt expecting it to go so high, but the end of that uptrend is near. Still, it could continue going up for a couple of days. I will go short on this pair on Sunday : {image}
How do you know the end of uptrend is near?
  • #363,688
  • Feb 14, 2014 7:30pm Feb 14, 2014 7:30pm
Quoting trexy123
{quote} How do you know the end of uptrend is near?
The pound is losing momemtum and is running out of buyers
  • #363,689
  • Feb 14, 2014 7:41pm Feb 14, 2014 7:41pm
Quoting Capelli
{quote} The pound is losing momemtum and is running out of buyers
I respect your answer but still want to know how you derived that?
Not challenging, just curious. I can't figure out how to identify trends running out of steam.
  • #363,690
  • Feb 14, 2014 7:47pm Feb 14, 2014 7:47pm
Quoting shon9178
{quote} I respect your answer but still want to know how you derived that? Not challenging, just curious. I can't figure out how to identify trends running out of steam.
mechanically I wouldn't be able to explain it. I have been trading such a pattern for a while and I simply know its going to run out of steam. if it doesnt happen on Monday, it will happen on Tuesday or Wednesday. its simply experience
  • #363,691
  • Feb 14, 2014 7:48pm Feb 14, 2014 7:48pm
Quoting Carlicus
{quote} Just 1.93?? Come on, are you kidding? Don't be so conservative. This pair is clearly sky rocketing up to 2.618 before February ends, everybody knows that. I'm sorry about the irony, no offence
Well , just look at the screenshot in that post which explains why I say that the target is 1,73s. On the other side , its the monthly chart , 1,73 doesnt seem to be reached on monday. Now we are around 1,6740s , just 560 pips to 1,73s. And do you think 560 pips is a biiiig distance in this pair ? definetely not !

And it does not mean "BUY GBPUSD on monday !" ... It is just a road map of the impulse wave... And ofcourse we will have retracements within that wave.

Anyway , time will tell the truth ...
Imagination rules the world ...
Selym Hyll Return This Year: 0.0%
  • #363,692
  • Feb 14, 2014 7:59pm Feb 14, 2014 7:59pm
when this guy open his mouth GBP may drop like a rock
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 12 KB
  • #363,693
  • Feb 14, 2014 8:04pm Feb 14, 2014 8:04pm
Quoting ozboy
when this guy open his mouth GBP may drop like a rock {image}
I sure hope you are right.
Watching for Monday opening sessions.
  • #363,694
  • Feb 14, 2014 8:17pm Feb 14, 2014 8:17pm
Quoting Capelli
{quote} The pound is losing momemtum and is running out of buyers
How do you know?

where do you see this info ?
  • #363,695
  • Feb 14, 2014 8:19pm Feb 14, 2014 8:19pm
Quoting trexy123
{quote} How do you know? where do you see this info ?
in the chart, where else I would find any relevant info. When you have been trading for long enough time, there are things that become obvious
  • #363,696
  • Feb 14, 2014 9:28pm Feb 14, 2014 9:28pm
Quoting GDR3k
{quote} That was probably said by someone who went short at 1.63
I know such a man
But he's not one to hold into much drawdown so I doubt he is still in THAT trade.
Come with me if you want to live....
  • #363,697
  • Feb 14, 2014 10:34pm Feb 14, 2014 10:34pm
Quoting ozboy
when this guy open his mouth GBP may drop like a rock {image}
Or it may go up like a rocket.
  • #363,698
  • Feb 14, 2014 10:43pm Feb 14, 2014 10:43pm
Quoting Capelli
{quote} mechanically I wouldn't be able to explain it. I have been trading such a pattern for a while and I simply know its going to run out of steam. if it doesnt happen on Monday, it will happen on Tuesday or Wednesday. its simply experience

I have to agree with this. Further, if it doesn't happen on Mon, Tues or Wed, it will certainly happen on Thursday or Friday. However, if it doesn't happen on Thursday or Friday, you can count on it happening the week after that.
  • #363,699
  • Feb 14, 2014 10:47pm Feb 14, 2014 10:47pm
Quoting Baggi
{quote} I have to agree with this. Further, if it doesn't happen on Mon, Tues or Wed, it will certainly happen on Thursday or Friday. However, if it doesn't happen on Thursday or Friday, you can count on it happening the week after that.
LOL yessssssssssssssssssssssssssssssssssssssssssss
All posts are my personal opinion
  • #363,700
  • Edited Feb 15, 2014 12:12am Feb 14, 2014 11:48pm | Edited Feb 15, 2014 12:12am
Friday night the price hit my short order when i was asleep.... what are we expecting from Gov Carney?
what is the layman term for this ?
http://www.bloomberg.com/news/2014-0...-low-rate.html
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