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Cable Update (GBPUSD)

  • #364,741
  • Feb 19, 2014 9:32am Feb 19, 2014 9:32am
gbp usd makes me weep I hope the floods will wash it down ........
Everything you want lies on the other side of fear.
  • #364,742
  • Feb 19, 2014 9:32am Feb 19, 2014 9:32am
i am back its green tea , some times you have to take a risk, i couple of traders on Monday questioned a move i made but i took 21 pips out of it , so we never really know ?? respectfully
  • #364,743
  • Feb 19, 2014 9:32am Feb 19, 2014 9:32am
Quoting Greener
{quote} on same page...I expect real bears shortly
unemployment is rising which doesn't help rates....we should see some fall precedeed by a big rise. This would be optimal for the big boys
  • #364,744
  • Feb 19, 2014 9:34am Feb 19, 2014 9:34am
Quoting Greener
{quote} unemployment is rising which doesn't help rates....we should see some fall precedeed by a big rise. This would be optimal for the big boys
on the same note I also expect USD to fall ...still have to understand why China sold all those US treasuries in December
  • #364,745
  • Feb 19, 2014 9:41am Feb 19, 2014 9:41am
typical gb it givith and it takith away
  • #364,746
  • Feb 19, 2014 9:41am Feb 19, 2014 9:41am
still the bulls come at former daily resistance and 4hr trend line....who will win ?

Best Wishes
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it's all gone a bit........
  • #364,747
  • Feb 19, 2014 9:45am Feb 19, 2014 9:45am
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res on the left , the 200 a trend line i think if it does ot hold sl and go long
  • #364,748
  • Feb 19, 2014 9:47am Feb 19, 2014 9:47am
bull trap? bear trap? or retailer trap?
  • #364,749
  • Feb 19, 2014 9:52am Feb 19, 2014 9:52am
Looks like it wants to visit 1.677x or more before a fall

Hope i'm wrong though, but will short only for now
COT: The precious data ignored
  • #364,750
  • Feb 19, 2014 9:52am Feb 19, 2014 9:52am
Dow's topped, Cable most likely the same.
  • #364,751
  • Feb 19, 2014 10:01am Feb 19, 2014 10:01am
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how far do you go short 6713
  • #364,752
  • Feb 19, 2014 10:02am Feb 19, 2014 10:02am
It retested this morning candle news to see if supply was there or not
COT: The precious data ignored
  • #364,753
  • Feb 19, 2014 10:03am Feb 19, 2014 10:03am
short added 1.6720
  • #364,754
  • Feb 19, 2014 10:06am Feb 19, 2014 10:06am
Will not add anymore shorts until 6650 is broken firmly.
In trading, you have to be defensive and aggressive at the same time
  • #364,755
  • Feb 19, 2014 10:09am Feb 19, 2014 10:09am
It looks like correction is over...its time for continuation upside...beware !!
Overbought + Oversold + Correction + Indicators = Are Not Equal
  • #364,756
  • Feb 19, 2014 10:12am Feb 19, 2014 10:12am
Quoting PoundTrader
SHORT AT 1.6687, S/L 1.6870, T/P 1.6458, Be back when s/l get hit
hold on boys and girls it's gonna be a bumpy ride http://www.easyfreesmileys.com/smile...ileys-1007.gif
  • #364,757
  • Feb 19, 2014 10:18am Feb 19, 2014 10:18am
Quoting PoundTrader
{quote}hold on boys and girls it's gonna be a bumpy ride {image}
Need Yellen to be upbeat and show some teeth and firmly confirm tapering will continue.
In trading, you have to be defensive and aggressive at the same time
  • #364,758
  • Feb 19, 2014 10:21am Feb 19, 2014 10:21am
Quoting spocktrader
{quote} I love it!! Are these lemmings or bears?
Hey Spock,

This are bears falling of the cliff -- Something that I want for the GBP to happen! Push the thing off the cliff past 1.6550!!
There are those who know, and there are those who don't know.
  • #364,759
  • Feb 19, 2014 10:28am Feb 19, 2014 10:28am
Quoting Davit
{quote} Need Yellen to be upbeat and show some teeth and firmly confirm tapering will continue.
I know that tapering will continue. I think even the Fed understands the reproductions if they don't continue to taper. If they play back and forth with it.. Its only going to cause more problems.. Stock Market has been good, and everything else isn't horrible for them to say will ease of tapering.. No signs for them to do so.
There are those who know, and there are those who don't know.
  • #364,760
  • Feb 19, 2014 10:28am Feb 19, 2014 10:28am
Quoting eliasahmar
short added 1.6720
Me too,eliasahmar, How far will it go down ?Fomc ,& Fridays retail Sell ,most probably will go against gbp.
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