Cable Update (GBPUSD) | Page 18256 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #365,101
  • Feb 20, 2014 4:35pm Feb 20, 2014 4:35pm
Nothing crazy...
Pound Trade set up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-02-20 at 3.35.45 PM.png Size: 46 KB
He who knows when he can fight and when he cannot, will be victorious.
  • #365,102
  • Feb 20, 2014 4:38pm Feb 20, 2014 4:38pm
Quoting TheDDReport
Nothing crazy... Pound Trade set up. {image}


But I believe it will go down to 1.663x area 1st and bounce back above to form a full candle for DAILY if this thing is BULLISH. Good Luck Mate, still neutral to me on this.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #365,103
  • Feb 20, 2014 4:57pm Feb 20, 2014 4:57pm
Some people mentioned a while ago that the $ and pound seemed to be moving together.

I think we need to factor in Gold as a spanner in the works.
It's clearly back in favour off support with a nice strong week last week and this can throw off USD strength even in risk off events.

As a result, to me it seems the indexes are losing their GU predictive powers.

Are savvy investors seeing a taper reversal at some stage in the future to preserve falling stocks and buying Gold at a bargain price to hedge against a further depreciating, printed $ ??

Something I am thinking about.

Off to the Zoo with the little one
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdweekly.png Size: 31 KB
Come with me if you want to live....
  • #365,104
  • Feb 20, 2014 7:40pm Feb 20, 2014 7:40pm
Mean while while cable is diddle doodling around doing nothing, GBPCAD is at a nice level where I would look to short as we can see this is a significant resistance level. Now I dont expect much to happen this time as price will probably bobble around until news time as that is usually the theme however if we can get some negative GBP news this could be a good trade for banking some easy pips no brainer style.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 39 KB
All posts are my personal opinion
  • #365,105
  • Feb 20, 2014 7:43pm Feb 20, 2014 7:43pm
I wonder if cable is so flat because options expiration is tomorrow.
  • #365,106
  • Feb 20, 2014 10:03pm Feb 20, 2014 10:03pm
IMHO : Harmonic and Ichimoku


Quoting Ill-b-back
I hope this is a sign of RISK OFF things to come. I don't use BB's but I observe them at 55 setting, and statistically speaking, we close below that GU 4hr dark blue 55EMA and it's dam busting time. Patience..... {image} {image} {image}
not euphoria follower
  • #365,107
  • Feb 20, 2014 10:05pm Feb 20, 2014 10:05pm
stay out of this pair today. long or short. chances are both will be butchered at some point in the day. deal closure for verizon-vodafone today.
  • #365,108
  • Feb 20, 2014 10:36pm Feb 20, 2014 10:36pm
Quoting iqyu5an
IMHO : Harmonic and Ichimoku {quote}
Indeed Sir, it will be a rocky trip.
Got a few fib markers along the way from different points with an ultimate possibility of 6057 area 38.2 fib from 2013 low to 2014 high.
A good mix of daily/weekly/monthly 200/55 emas hovering there.

It's a level that also halted Soros' famous short Pound trade way back in the day, so it's a level not to be messed with.

lol...
Come with me if you want to live....
  • #365,109
  • Feb 20, 2014 10:47pm Feb 20, 2014 10:47pm
I delete the fibo to make it more simple mate ( impossible for me to draw the fuckin' zigza without fibo ... )

hmm did u hear few days ago ..soros already double position in sell S&P ? i hear that in twitter land ...

but could be wrong also ehh

aniway i respect both bull and bear .. so no fight for those who had long position. we're friend


low 2013 - high 2014 is about 2000 ++ pips. so sell from your entry level to your target ... is relative small ehhh ( if compared to 2000 +++ pips range hehehhe )



Quoting Ill-b-back
{quote} Indeed Sir, it will be a rocky trip. Got a few fib markers along the way from different points with an ultimate possibility of 6057 area 38.2 fib from 2013 low to 2014 high. A good mix of daily/weekly/monthly 200/55 emas hovering there. It's a level that also halted Soros' famous short Pound trade way back in the day, so it's a level not to be messed with. lol...
not euphoria follower
  • #365,110
  • Feb 20, 2014 10:51pm Feb 20, 2014 10:51pm
Quoting iqyu5an
I delete the fibo to make it more simple mate ( impossible for me to draw the fuckin' zigza without fibo ... ) hmm did u hear few days ago ..soros already double position in sell S&P ? i hear that in twitter land ... but could be wrong also ehh aniway i respect both bull and bear .. so no fight for those who had long position. we're friend low 2013 - high 2014 is about 2000 ++ pips. so sell from your entry level to your target ... is relative small ehhh ( if compared to 2000 +++ pips range hehehhe ) {quote}
the article which you read about soros is about his short s&p position by end of december. it does not have updates about his position in jan-feb. chances are he may be out of his short s&p bet when s&p fell 7% in january. so don't fool yourself by reading the article. these headlines are usually misleading
  • #365,111
  • Feb 20, 2014 10:54pm Feb 20, 2014 10:54pm
Quoting squawk
{quote} Raj, I don't like to promote anyone online here so I will PM you. I've been around since 2005 now and have seen a lot of crap in the education sector for Forex. You can waste your time in years following rubbish in books and else where that in the end just does not work or doesn't work for you. The link I will send you has a free members area which has a lot of great training videos that cover a range topics from market structure, order flow, psychology and much more. this will give you a lot more insights into the market than babypips....
Out of my curiosity that's simply amazing proven trader, can u PM me the link too?
  • #365,112
  • Feb 20, 2014 10:56pm Feb 20, 2014 10:56pm
Quoting iqyu5an
I delete the fibo to make it more simple mate ( impossible for me to draw the fuckin' zigza without fibo ... ) hmm did u hear few days ago ..soros already double position in sell S&P ? i hear that in twitter land ... but could be wrong also ehh aniway i respect both bull and bear .. so no fight for those who had long position. we're friend low 2013 - high 2014 is about 2000 ++ pips. so sell from your entry level to your target ... is relative small ehhh ( if compared to 2000 +++ pips range hehehhe ) {quote}
Yes mate, no fights,
With this straight up drive last 7 months or so with good attention to fib retracements and have broken the descending multi year TL, I think higher TF Fibs (weekly and monthly) are going to become better markers for turning points like they were in the multi year bull run before the crisis, certainly better than they have been since 2009.
Let's see.....
Come with me if you want to live....
  • #365,113
  • Feb 20, 2014 11:01pm Feb 20, 2014 11:01pm
Quoting giveachance
stay out of this pair today. long or short. chances are both will be butchered at some point in the day. deal closure for verizon-vodafone today.
Funny you say that !!! lol - I'm expecting some kind of a Zig Zag pattern( 4hr chart..) to finish the week ..
Short now , will go long , then short to end the week ..
Will see how she goes ..
Attached Image (click to enlarge)
Click to Enlarge Name: New Bitmap Image.JPG Size: 129 KB
  • #365,114
  • Feb 20, 2014 11:02pm Feb 20, 2014 11:02pm
thank you sir. ok just skip the news article headline etc

Just turn on my chart and i see a sign called bearish chyper / shark... but better waiting for falsebreak at the top (?) for sure

just imho

*** don't forget about january effect term mate ... check it in google/investopedia etc.

Quoting giveachance
{quote} the article which you read about soros is about his short s&p position by end of december. it does not have updates about his position in jan-feb. chances are he may be out of his short s&p bet when s&p fell 7% in january. so don't fool yourself by reading the article. these headlines are usually misleading
Attached Image (click to enlarge)
Click to Enlarge Name: feb21#spxh1.png Size: 31 KB
not euphoria follower
  • #365,115
  • Feb 20, 2014 11:05pm Feb 20, 2014 11:05pm
agree...

will be back in 1 hour mate.. gotta go for praying first here.. c ya...

*** huge and kiss for your baby.. how old is she right now ?
Quoting Ill-b-back
{quote} Yes mate, no fights, With this straight up drive last 7 months or so with good attention to fib retracements and have broken the descending multi year TL, I think higher TF Fibs (weekly and monthly) are going to become better markers for turning points like they were in the multi year bull run before the crisis, certainly better than they have been since 2009. Let's see.....
not euphoria follower
  • #365,116
  • Feb 20, 2014 11:17pm Feb 20, 2014 11:17pm
Quoting iqyu5an
agree... will be back in 1 hour mate.. gotta go for praying first here.. c ya... *** huge and kiss for your baby.. how old is she right now ? {quote}
Thanks brother much appreciated

She's 2 man, discovering her world and quite a handful
Come with me if you want to live....
  • #365,117
  • Feb 20, 2014 11:26pm Feb 20, 2014 11:26pm
Quoting iqyu5an
thank you sir. ok just skip the news article headline etc Just turn on my chart and i see a sign called bearish chyper / shark... but better waiting for falsebreak at the top (?) for sure just imho *** don't forget about january effect term mate ... check it in google/investopedia etc. {quote} {image}
I think you're right with that pattern mate

Breaking it down a little, I see a retest of the 1hr breakout TL, probably make a brief new high, sucker in the breakout bulls.....

then down

lol....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sp500h1.png Size: 32 KB
Click to Enlarge Name: sp500h12.png Size: 32 KB
Come with me if you want to live....
  • #365,118
  • Feb 20, 2014 11:51pm Feb 20, 2014 11:51pm
Peeps closed their shorts and now taking longs.. Mmm Mmm Mmm Impatience runs deep in Forex.. One correction did not finish and everyone already jumping into another one.

This is why the market does what it does give it enough time to build one side and then build up another..

Watch out for might be falling bears missing the landing strip.
Attached Images
There are those who know, and there are those who don't know.
  • #365,119
  • Feb 21, 2014 12:26am Feb 21, 2014 12:26am
My thoughts: Although in a current short trend, the candle behaviour on the 4hr looks like a retracement pattern. I'll keep taking short positions on the highs of the 15M chart, until a trend reversal occurs. A hammer pattern with a long wick is what I'm looking for in a reversal, BUT the trend is still short, so I'll be sticking with that.

Happy Trading
The trend is not your friend, it's your master.
  • #365,120
  • Edited 12:44am Feb 21, 2014 12:32am | Edited 12:44am
Quoting gammase1
{quote} This is your opinion, certainly not a fact of any sort.
Based upon many analysts and Carney himself stating on numerous times that economy needs time to recover before IR hike.He even downplayed 7% unemployment number making it clear its no longer a bench mark.
Economy is a living thing hence nothing can be stated in concrete terms however factual part of Carney stating his position on numerous occasions solidifies his position that IR raise is 1-2 year away certainly not on immediate future.
This is not my Opinion but Carney himself!
"
“There are some very big forces that are operating now and will persist,” Carney said in a BBC television interview broadcast yesterday. He cited economic weakness in Europe, repair of public balance sheets and improvements to the financial system. “All of those forces conspire collectively to keep that level of interest rates down.”
While the BOE raised its growth forecasts for Britain last week, Carney has underscored his pledge to keep the bank rate at 0.5 percent “for some time,” in a recasting of his forward guidance to help use up spare capacity in the labor force. Interest-rate increases will be “limited and gradual” and won’t happen until the economy is strong enough to withstand them, he said.
“It means that we can responsibly take our time and only adjust interest rates once more of that slack is used up,” he told the BBC. “The path of monetary policy, the path of interest rates, is going to be calibrated very carefully to ensure that only when we see sustainable growth in jobs, in incomes and in spending will we make adjustments.”
http://www.bloomberg.com/news/2014-0...l-persist.html

"
Interest rates will not rise until people and businesses begin to share in the economic recovery, the governor of the Bank of England has said.
Mark Carney said he wanted to give "comfort" that interest rates will not rise until jobs, wages and spending reach "sustainable" levels of growth.
He told BBC One's Andrew Marr Show: "What we're trying to do to the maximum extent possible is to provide the comfort that we are not going to adjust interest rates until jobs, incomes and spending [recover]."
Higher rates would be a relief to savers whose investment income has been slashed, but they would also put pressure on borrowers, just as ministers try to boost home ownership before the next election."
http://www.telegraph.co.uk/finance/p...-recovery.html
In trading, you have to be defensive and aggressive at the same time
1,709 traders viewing now, 1 is registered: