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GBP/USD outlook

  • #1,061
  • Mar 11, 2014 10:42pm Mar 11, 2014 10:42pm
Quoting vox dei
{quote} Agreed. Imho a good strategy would be to sell as close as possible to January High with tight SL right above. Entry: reasons for entry are divergence (SPX made HH and DOW still LH), and plenty RR down with risk clearly defined. Exit SL: if DOW High gets taken then the core trade idea is wrong, hence the suggested SL placement. Exit TP: to be decided, downside offers plenty of room as mentioned. It may take a while to bring this elephant down though.
Hi Vox,
Yes I agree, would be a good strategy, shame I haven't got enough money to trade it
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  • #1,062
  • Mar 13, 2014 11:08pm Mar 13, 2014 11:08pm
Quoting Ill-b-back
DOW could be ready to drop back to 16000 {image}
Close enough eh Vox?
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  • #1,063
  • Mar 14, 2014 4:25am Mar 14, 2014 4:25am
Quoting Ill-b-back
{quote} Close enough eh Vox? {image}
Good call. I think it might fall further. Your 16000 remains a possibility.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,064
  • Mar 17, 2014 10:00pm Mar 17, 2014 10:00pm
Quoting vox dei
{quote} Good call. I think it might fall further. Your 16000 remains a possibility.
Indeed Vox, indeed 1600 hit :nerd:

Gold looks to setting up well.

Waiting for the retest, around the 23 fib, bullish descending TL break, then long to the top 1433 perhaps.
Stop below the red.
Just noticed my broker is now allowing micro lots on Gold, woo hoo, I might "get in the game" lol...
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  • #1,065
  • Mar 18, 2014 4:13pm Mar 18, 2014 4:13pm
Quoting Ill-b-back
{quote} Indeed Vox, indeed 1600 hit :nerd:
16000 wasn't hit, but remains possible. DOW's January high is still intact. No one knows the future.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,066
  • Mar 19, 2014 1:04am Mar 19, 2014 1:04am
Potential without Fed intervention...
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  • #1,067
  • Mar 19, 2014 1:06am Mar 19, 2014 1:06am
And WITH Fed intervention...
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  • #1,068
  • Mar 19, 2014 1:07am Mar 19, 2014 1:07am
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  • #1,069
  • Mar 21, 2014 5:07pm Mar 21, 2014 5:07pm
Well that's that then I guess.
Looks to me like Cable heading to 6345 area.
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  • #1,070
  • Mar 23, 2014 1:07am Mar 23, 2014 1:07am
Quoting Ill-b-back
Well that's that then I guess. Looks to me like Cable heading to 6345 area.
yeap

next 6250 if good pa to show up for further down trend

let's see how it works our next week

cheers
  • #1,071
  • Mar 23, 2014 6:00pm Mar 23, 2014 6:00pm
Quoting tlpfx14
{quote} yeap next 6250 if good pa to show up for further down trend let's see how it works our next week cheers
Could do, need to close the week below 6345 first I think and not sure that will be easy.
As for the Euro, I'm thinking a retrace for the closest blue breakout line then could well go north.
I don't trade the Euro but 1.49 this year would not surprise me.
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  • #1,072
  • Mar 23, 2014 6:07pm Mar 23, 2014 6:07pm
monthly
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  • #1,073
  • Mar 23, 2014 6:37pm Mar 23, 2014 6:37pm
Actually, need to close cable below 6450 first.
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  • #1,074
  • Mar 25, 2014 8:33pm Mar 25, 2014 8:33pm
Quoting Ill-b-back
Actually, need to close cable below 6450 first.
Hmmm, is Cable heading back to 6730 area...??
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  • #1,075
  • Mar 25, 2014 8:38pm Mar 25, 2014 8:38pm
Quoting Ill-b-back
{quote} Hmmm, is Cable heading back to 6730 area...??
Most likely it will swing down again before/around ~6570, but that's too much futurology
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,076
  • Mar 25, 2014 9:22pm Mar 25, 2014 9:22pm
Quoting vox dei
{quote} Most likely it will swing down again before/around ~6570, but that's too much futurology
Yeah who knows.
I'm looking at 6670 and 6730.

Now, watch it fall through the floor
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  • #1,077
  • Mar 25, 2014 9:45pm Mar 25, 2014 9:45pm
Quoting vox dei
{quote} Most likely it will swing down again before/around ~6570, but that's too much futurology
Showing some rejection off the 61.8 fib.
US data not too spectacular.
If Durable goods comes in crap, the compounding effect could drive GU higher.
My own self updating charts point to a possible significant climb.

But above all else, The good people at JPM projected a slide to at least 6395 area with a break above 6580 area reducing their bearish view.
Based purely on my own observations on this pair and the Euro, it just isn't in their character to give away free (profitable) trading ideas.

If we spike up into the 66-67 areas, watch for a bullish switch from JPM or some other crook institution, just before the house of cards comes crumbling down again after retesting the weekly pennant breakout thingy ....
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  • #1,078
  • Mar 25, 2014 10:49pm Mar 25, 2014 10:49pm
Quoting Ill-b-back
{quote} Showing some rejection off the 61.8 fib. US data not too spectacular. If Durable goods comes in crap, the compounding effect could drive GU higher. My own self updating charts point to a possible significant climb. But above all else, The good people at JPM projected a slide to at least 6395 area with a break above 6580 area reducing their bearish view. Based purely on my own observations on this pair and the Euro, it just isn't in their character to give away free (profitable) trading ideas. If we spike up into the 66-67 areas, watch for...
Pretty much agree with your thoughts on JPM and other crook institutions. Why would they ever give away high probability trades freely? Feeding misinformation to the sheeple serves only their own agenda.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,079
  • Mar 26, 2014 6:57am Mar 26, 2014 6:57am
Quoting vox dei
{quote} Pretty much agree with your thoughts on JPM and other crook institutions. Why would they ever give away high probability trades freely? Feeding misinformation to the sheeple serves only their own agenda.
That's right Amigo
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  • #1,080
  • Mar 27, 2014 4:48pm Mar 27, 2014 4:48pm
Euro
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