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Cable Update (GBPUSD)

  • #365,441
  • Feb 21, 2014 11:33am Feb 21, 2014 11:33am
Quoting Citiboy
{quote} This has been hanging over our head for almost a year ... http://www.forexlive.com/blog/2013/0...odaphone-news/
hey boy, enjoyed getting fundamental infos from you.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,442
  • Feb 21, 2014 11:33am Feb 21, 2014 11:33am
Quoting Luther
{quote} It's possible that there's more flow to be filtered through, but Verizon was doing quite a lot of transfers leading up to today with the Sterling certificates they issued as well as the transfers completed by fund managers. The M&A wasn't a pure cash play, with around 60B going to shareholders in the form of stocks. But you may be right about next Tuesday, so we'll have to wait and see. BTW Jeremy, it's not a good idea to post personal Bloomberg chat conversations on the net. You never know if there might be information contained in them...
Verizon stock was at 99% or 100% Imp Vol on options good money to be made their too!
There are those who know, and there are those who don't know.
  • #365,443
  • Feb 21, 2014 11:38am Feb 21, 2014 11:38am
suppose 5 trillion a day for all spot, GBP/USD is about 150 billions a day. CME futures about 12 billions for cable. That company deal needs only a few days trading. I think the GBP/USD running up for so long is due to buying by Yen.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,444
  • Feb 21, 2014 11:38am Feb 21, 2014 11:38am
Next week I see GBPUSD goes down to 1.63 and saves my ass
kiss the trend
  • #365,445
  • Feb 21, 2014 11:40am Feb 21, 2014 11:40am
my shorts are all open.Why cut them....its printing money
In trading, you have to be defensive and aggressive at the same time
  • #365,446
  • Feb 21, 2014 11:40am Feb 21, 2014 11:40am
Quoting ffleo
suppose 5 trillion a day for all spot, GBP/USD is about 150 billions a day. CME futures about 12 billions for cable. That company deal needs only a few days trading. I think the GBP/USD running up for so long is due to buying by Yen.
now all yen pairs finished their retrace and are going up again. but U/J has a lot potential to go up more than G/J.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,447
  • Feb 21, 2014 11:43am Feb 21, 2014 11:43am
I was expecting this week to be longer. We had so many high impact news, but eventually everything finished well. Glad to hear that the Bear took controle.. for a second time this week.
How about for the rest of you guys. Did you do well ? Oh and the bulls. Did any bulls manage to finish in profits ??
  • #365,448
  • Feb 21, 2014 11:45am Feb 21, 2014 11:45am
Quoting Luther
{quote} It's possible that there's more flow to be filtered through, but Verizon was doing quite a lot of transfers leading up to today with the Sterling certificates they issued as well as the transfers completed by fund managers. The M&A wasn't a pure cash play, with around 60B going to shareholders in the form of stocks. But you may be right about next Tuesday, so we'll have to wait and see. BTW Jeremy, it's not a good idea to post personal Bloomberg chat conversations on the net. You never know if there might be information contained in them...
even the stock aspect will have some FX hedging involved so there is more flow because of that, and yes speaking to Head of Spot at "a largish german bank" in last 30 mins next week should see more M&A flow


i m suspicious about the one way moves in gbp out of vodafone - 17:28:28
but that is what the market is geared up to believe - 17:28:41
my true and honest view is that i think it be a volatile mess in gbp next week with a net bias to higher - 17:28:49
but the bias to higher is macro and maybe not linked to the deal -17:28:57

I won't take a screenshot this time and just copy/paste lol

I did also put a time limit on the other upload, only posted it as proof (I could just make up what he said for example) - I also blacked out names involved so it is fine - but if I ever do this I will copy.paste from now on.
  • #365,449
  • Feb 21, 2014 11:48am Feb 21, 2014 11:48am
Quoting ffleo
{quote} median: 173.35/103.7 = 6716 175/105.5 = 6587 median average : 6651 high: 175 / 103.7 = 6875 low : 173.35/105.5 = 6431. mid of high and low : (6875+6431)/2 = 6653. {image} {image}
do not be greedy bears, it is going to take a while to get to 6300, even 6400. i will be happy about 6500 for now. long term 5900/5800
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,450
  • Feb 21, 2014 11:48am Feb 21, 2014 11:48am
Quoting palabara
4H channel {image}
This is how the channel I drew earlier looks like now.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4 channel update.png Size: 56 KB
There are those who know, and there are those who don't know.
  • #365,451
  • Feb 21, 2014 11:55am Feb 21, 2014 11:55am
Quoting palabara
Haha! Bears have prevailed.
the spirit bear was right after all
  • #365,452
  • Feb 21, 2014 11:56am Feb 21, 2014 11:56am
Quoting ffleo
{quote} do not be greedy bears, it is going to take a while to get to 6300, even 6400. i will be happy about 6500 for now. long term 5900/5800

Words mate

It's still very far from being decided I'd say.

There may be still some unfinihsed business to the upside first.. few pips more and daily will close as a Doji or even a bit bullish if we manage to go above 1,665.
I would not rule out another push above 1,67 before the "real" decline starts as I'm also berish in longer term. So better to cash some pips now and keep looking for fresh entries then hold to much at present time.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.jpg Size: 320 KB
  • #365,453
  • Feb 21, 2014 11:58am Feb 21, 2014 11:58am
Quoting cheater
{quote} the spirit bear was right after all
I shall make you the Ambassador of the Bear and Bulls! You shall seek their council!
There are those who know, and there are those who don't know.
  • #365,454
  • Feb 21, 2014 11:59am Feb 21, 2014 11:59am
Quoting ffleo
{quote} you want it break down today? it has been consolidated for many days around here and today is friday. it only needs to be parked around the bottom to close the week. next week breaks it down.
stopped out might get back in??
  • #365,455
  • Feb 21, 2014 12:03pm Feb 21, 2014 12:03pm
[quote=Suffo;7297484]{quote} ? wtf[/quote
you need proof?
With a good book and quality paper you can fine wipe your ass.
  • #365,456
  • Feb 21, 2014 12:03pm Feb 21, 2014 12:03pm
Quoting Suffo
{quote} THX!!
i lost 6k over 2weeks 4 years ago i am still not over it even thou i have well had it back gl respect
  • #365,457
  • Feb 21, 2014 12:04pm Feb 21, 2014 12:04pm
Quoting Wuza
{quote} Words mate It's still very far from being decided I'd say. There may be still some unfinihsed business to the upside first.. few pips more and daily will close as a Doji or even a bit bullish if we manage to go above 1,665. I would not rule out another push above 1,67 before the "real" decline starts as I'm also berish in longer term. So better to cash some pips now and keep looking for fresh entries then hold to much at present time. {image}
thanks mate. i was burnt being greedy and aggressive before. learnt hard lesson and play cautious now. yes, always take partial profit whenever possible and load back again, rinse and repeat.

I would suggest guys take partial profit now if you have it. If you have a large short position at BE now, close part of it now, you can load it back on rallies. keep the rest to run if the price drops
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #365,458
  • Feb 21, 2014 12:09pm Feb 21, 2014 12:09pm
Bears usually wake up in spring. They are going out of they caves and are very hungry and angry. Spring comes after one week.
Attached Image
  • #365,459
  • Feb 21, 2014 12:34pm Feb 21, 2014 12:34pm
Quoting Wuza
{quote} Words mate It's still very far from being decided I'd say. There may be still some unfinihsed business to the upside first.. few pips more and daily will close as a Doji or even a bit bullish if we manage to go above 1,665. I would not rule out another push above 1,67 before the "real" decline starts as I'm also berish in longer term. So better to cash some pips now and keep looking for fresh entries then hold to much at present time. {image}
I totally agree, I think there will better selling opportunities next week.

I took a half lot long with the SL at break even for the rest of today.
  • #365,460
  • Feb 21, 2014 1:03pm Feb 21, 2014 1:03pm
Can we please drop 200 pips next week?

Or go up 300. I'm happy with either.
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