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Cable Update (GBPUSD)

  • #367,961
  • Mar 11, 2014 10:22am Mar 11, 2014 10:22am
Also no major fundamentals come out this week, so technical stuff on the table
kiss the trend
  • #367,962
  • Mar 11, 2014 10:26am Mar 11, 2014 10:26am
added 1346 target 1360 to gold long ,gold up pound up ???
  • #367,963
  • Mar 11, 2014 10:27am Mar 11, 2014 10:27am
Quoting elbert3
added 1346 target 1360 to gold long ,gold up pound up ???
never heard of this relationship before. seems like you like to talk your order book
  • #367,964
  • Mar 11, 2014 10:38am Mar 11, 2014 10:38am
Quoting giveachance
{quote} never heard of this relationship before. seems like you like to talk your order book
not all of it , i like to instill confidence in myself , i will just post gbpusd for you , regards ps if nzdusd breaks 8500 i will be long again in there
  • #367,965
  • Mar 11, 2014 10:41am Mar 11, 2014 10:41am
Quoting giveachance
{quote} never heard of this relationship before. seems like you like to talk your order book
This is not an general relation, but the positive correlation was observed on the year on bigger TF...
Rather the correlation currency with gold is AUD.
Anything is math!
  • #367,966
  • Mar 11, 2014 10:45am Mar 11, 2014 10:45am
Quoting Kajos2250
{quote} This is not an general relation, but the positive correlation was observed on the year on bigger TF... Rather the correlation currency with gold is AUD.
thanks for that, i have been trading both pairs and it does look like there are some similar tends to them, perhaps it is to do with the dollar ??? regards E
  • #367,967
  • Mar 11, 2014 10:51am Mar 11, 2014 10:51am
Attached Image (click to enlarge)
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just pulled sl down a touch not following through as expected ,give a chance you could be back in the game short , if so i will change direction
  • #367,968
  • Mar 11, 2014 10:57am Mar 11, 2014 10:57am
Quoting Kajos2250
{quote} This is not an general relation, but the positive correlation was observed on the year on bigger TF... Rather the correlation currency with gold is AUD.
typical gold drop pound drop, id does show you that it could have a slight relationship, but its not want i wanted
  • #367,969
  • Mar 11, 2014 11:03am Mar 11, 2014 11:03am
add long 66300
  • #367,970
  • Mar 11, 2014 11:07am Mar 11, 2014 11:07am
Quoting elbert3
add long 66300
Attached Image (click to enlarge)
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target to take the 6652 sorry it take so long to post, i hope you find it helpful if to many posts please let me know ,, regards ps i could be wrong ?
  • #367,971
  • Mar 11, 2014 11:09am Mar 11, 2014 11:09am
bears fighting back but bulls pushing again, the area its trading there are no stops, but above 6650 there must be short stops, so i hope it triggers tonight
kiss the trend
  • #367,972
  • Mar 11, 2014 11:22am Mar 11, 2014 11:22am
Quoting fx-trader777
bears fighting back but bulls pushing again, the area its trading there are no stops, but above 6650 there must be short stops, so i hope it triggers tonight
yes pp are up now its a bit of a battle ion the 15 min, if it goes it should move up or down quite a bit i think
  • #367,973
  • Mar 11, 2014 11:34am Mar 11, 2014 11:34am
Quoting elbert3
{quote} {image} target to take the 6652 sorry it take so long to post, i hope you find it helpful if to many posts please let me know ,, regards ps i could be wrong ?
Try (File-> Save as Picture..)
Anything is math!
  • #367,974
  • Mar 11, 2014 11:47am Mar 11, 2014 11:47am
buy 630 sl ?
With a good book and quality paper you can fine wipe your ass.
  • #367,975
  • Mar 11, 2014 11:57am Mar 11, 2014 11:57am
I may start buying a bit tomorrow for a test of 1.672x/3x...depends if it stays in this area until tomorrow.
COT: The precious data ignored
  • #367,976
  • Mar 11, 2014 12:15pm Mar 11, 2014 12:15pm
out 624
With a good book and quality paper you can fine wipe your ass.
  • #367,977
  • Mar 11, 2014 12:47pm Mar 11, 2014 12:47pm
just back from picking the wife up and stopped out 6631 ?? that was a lot of work did not move up much??
  • #367,978
  • Mar 11, 2014 12:50pm Mar 11, 2014 12:50pm
66149 is 61% of todays move ??
  • #367,979
  • Mar 11, 2014 12:55pm Mar 11, 2014 12:55pm
Quoting Mr.C
Hi traders. First order today is GBP/USD. Sold the pair @ 1,6630 with SL @ 1,6660. Good luck everyone!
Today's cable short is running with +10 pips at the moment. Not the exact price action I was waiting for. Position secured, SL moved to +1.
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #367,980
  • Mar 11, 2014 12:57pm Mar 11, 2014 12:57pm
Quoting fx-trader777
Also no major fundamentals come out this week, so technical stuff on the table
I think it worth bearing in mind next week's UK budget. Yes, it may be a week away, but I would not be surprised to see big money positoning itself.

That said, today's Office for National Statistics data paints a rather more dull picture of how well the UK economy is really doing, and so perhaps the movement that we are seeing today, is a reflection of this poor presentation.
Author of: For Pip's Sake! (Available at Amazon... :-) )
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