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Cable Update (GBPUSD)

  • #365,461
  • Feb 21, 2014 1:07pm Feb 21, 2014 1:07pm
Hope everyone had a decent week. Enjoy your weekends.
There are those who know, and there are those who don't know.
  • #365,462
  • Feb 21, 2014 1:11pm Feb 21, 2014 1:11pm
Enjoy weekend and seeya on Monday with full armor
  • #365,463
  • Feb 21, 2014 1:43pm Feb 21, 2014 1:43pm
drink some bear
are you ready?
and kill some pain...
With a good book and quality paper you can fine wipe your ass.
  • #365,464
  • Feb 21, 2014 1:45pm Feb 21, 2014 1:45pm
Quoting Davit
my shorts are all open.Why cut them....its printing money
Looks like you are still in the game due to MM.
Fix up, trade sharp ...
  • #365,465
  • Feb 21, 2014 1:47pm Feb 21, 2014 1:47pm
Good weekend GU!

GU 4H

Price has broken through minor support and appears to be operating inside a descending constricting channel.
This structure has the potential to result in a bullish break should it break through the descending oblique resistance

Enjoy! Till Monday
Attached Image (click to enlarge)
Click to Enlarge Name: GU4H.png Size: 57 KB
  • #365,466
  • Feb 21, 2014 1:49pm Feb 21, 2014 1:49pm
Quoting Hickson
{quote} Looks like you are still in the game due to MM.
patience.Very good chance to see 64 next week.I don't over trade.Keep everything within manageable levels so no panic attacks.
This may sound overkill 64 I mean but PA dropped today in 1hr over 100pips 6723 to 6611
This shows strong sellers waiting to dump.
regards
In trading, you have to be defensive and aggressive at the same time
  • #365,467
  • Feb 21, 2014 1:56pm Feb 21, 2014 1:56pm
good night and sleep tight
With a good book and quality paper you can fine wipe your ass.
  • #365,468
  • Feb 21, 2014 2:27pm Feb 21, 2014 2:27pm
more on Vod/vz flow, form Soc gen desk - it seems the puzzle is being figured out. Lack of Vod flows today meant that the GBP dropped just at WMR fix after specs were left long ready to unload into heavy flow.

> GBP vol market got hit into the close after a busy week of event risk and Vod/VZ flows didnt seem to materialize. 1m GBPUSD traded 7.05 after the data this morning it is offered there now and marked 6.975 off 0.1vols from y'day mark but recall that we dealt 7.5-7.4 y'day and that on Monday it dealt at 8.05 when spot was breaking through 1.6800 (that was a cycle high and a level not seen since last Sept). For context we were marked 6.85 last Wed afternoon post QIR so we've had quite the round trip. The 3m is marked off 0.075 at 6.625 remember this tenor traded 7.45 on Monday too. 1y is 7.1 off 0.05 after 7.45 traded on Monday. EURGBP also came off today. 1m traded 7.2 last and is marked 7.0 now recall we were trading 7.75-7.5 y'day and it traded up at 8.45 at one point on Monday. 2m atm was active 6.75-6.7 after trading 7.05-7.0 y'day and 7.3 on Wed and 7.45 on Tuesday. We have the 3m marked at 6.7 which is off 0.2. 1y is marked 7.0 off 0.175 having dealt 7.15 y'day but recall it was trading 7.45 last Friday
  • #365,469
  • Feb 21, 2014 2:34pm Feb 21, 2014 2:34pm
Quoting Davit
{quote} patience.Very good chance to see 64 next week.I don't over trade.Keep everything within manageable levels so no panic attacks. This may sound overkill 64 I mean but PA dropped today in 1hr over 100pips 6723 to 6611 This shows strong sellers waiting to dump. regards
Yes, with good MM and patience you can also be on the wrong side of the market for some time if analysis gives reason the drawdown will not turn out too big, so you can patiently wait for a retracement.
Fix up, trade sharp ...
  • #365,470
  • Feb 21, 2014 3:15pm Feb 21, 2014 3:15pm
See you guys next week, think there may be alot of action in EUR. Enjoy the weekend.
Twitter: @TrendersGame
  • #365,471
  • Feb 21, 2014 3:36pm Feb 21, 2014 3:36pm
Quoting Suffo
sooner or later i will get her on regular talk-wish me luck
Yeah, why not. Try to go long on a swing trade.
Fix up, trade sharp ...
  • #365,472
  • Feb 21, 2014 3:51pm Feb 21, 2014 3:51pm
Quoting JeremyWS
more on Vod/vz flow, form Soc gen desk - it seems the puzzle is being figured out. Lack of Vod flows today meant that the GBP dropped just at WMR fix after specs were left long ready to unload into heavy flow. > GBP vol market got hit into the close after a busy week of event risk and Vod/VZ flows didnt seem to materialize. 1m GBPUSD traded 7.05 after the data this morning it is offered there now and marked 6.975 off 0.1vols from y'day mark but recall that we dealt 7.5-7.4 y'day and that on Monday it dealt at 8.05 when spot was breaking through...
I trade PA have no clue what you are talking about lol all I know is Im glad it dumped and I got in and made some pips!! That fundy stuff hurts my head, tough for me to understand it. So trading price works for me!
  • #365,473
  • Feb 21, 2014 4:01pm Feb 21, 2014 4:01pm
Excellent close for the week. Have a nice weekend.
  • #365,474
  • Feb 21, 2014 4:05pm Feb 21, 2014 4:05pm
http://uk.finance.yahoo.com/news/ste...182600740.html
  • #365,475
  • Feb 21, 2014 4:12pm Feb 21, 2014 4:12pm
tomorrow is time to act -wish me luck
and goood night!!
With a good book and quality paper you can fine wipe your ass.
  • #365,476
  • Feb 21, 2014 4:19pm Feb 21, 2014 4:19pm
I like this weekly close

Very revealing on the 4hr chart :nerd:

Looking forward to next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 33 KB
Click to Enlarge Name: gbpusdh4.png Size: 30 KB
Come with me if you want to live....
  • #365,477
  • Feb 21, 2014 4:43pm Feb 21, 2014 4:43pm
to me the daily here is very unusual ,very bearish ,one eye on monthly


Quoting Bones
also bearish formation d1 ? see how day closes {quote} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp JPY d1 fri 21 Spot.png Size: 26 KB
Click to Enlarge Name: gbp JPY monthly 21Spot.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,478
  • Feb 21, 2014 5:02pm Feb 21, 2014 5:02pm
weekly last week surprised me by taking high ,as the little pin prior ,I thought top of range max,
whilst it continues to make highs trend is not healthy
,I think lower next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp USD w1 Spot.png Size: 34 KB
Click to Enlarge Name: gbp USD w1 close Spot.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #365,479
  • Feb 21, 2014 5:04pm Feb 21, 2014 5:04pm
Quoting Ill-b-back
I like this weekly close Very revealing on the 4hr chart :nerd: Looking forward to next week {image} {image}



I dont think we have seen the last of GBP gain. Maybe this week was a pause on a much upward trend. I too will be looking forward for next week.


enjoy the week-end everyone
  • #365,480
  • Feb 21, 2014 5:10pm Feb 21, 2014 5:10pm
gap down
With a good book and quality paper you can fine wipe your ass.
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