Cable Update (GBPUSD) | Page 18555 | 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)

  • #371,081
  • Apr 8, 2014 2:46pm Apr 8, 2014 2:46pm
Quoting ffleo
{quote} when world equities market gets ready to tank, this mofo will sink. Nikkie ready to tank, DAX ready to tank, spx and dow ready to tank, there is no reason to long cable, no one knows when this mofo just suddenly tank like a rock. Check the time around 2007-11.
lots of people still dream of 1.7 and above for cable. Last time cable got above 1.7 was around the time of mid 2003 when world equities market began a new cycle of bull run. Now the equities market is near the end of the current bull run. Also 1.7 is a major resistance level for cable. I just do not see how cable can get above 1.7.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #371,082
  • Apr 8, 2014 2:48pm Apr 8, 2014 2:48pm
Quoting ruffryders
{quote} FFLEO, if you are so sure everything is set to tank, then just load up put options big time, and you will be living next door to John Paulson in S.Hamptons next year.
your weak shorts must got stopped out or you have closed them
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #371,083
  • Apr 8, 2014 3:06pm Apr 8, 2014 3:06pm
Quoting ffleo
{quote} your weak shorts must got stopped out or you have closed them
my weak shorts ? I did not trade cable lately much.I already posted my positiniong in my thread.
  • #371,084
  • Apr 8, 2014 3:15pm Apr 8, 2014 3:15pm
Life has a funny way of delivering the least expected, when most rejected.

I would not be too hasty to rule out 1.70... it's only a few hundred pips away; which on a good day for cable, is just a few farts away.

1.70 was seen on the first retrace from the fall in 2008. In 2009.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #371,085
  • Apr 8, 2014 3:20pm Apr 8, 2014 3:20pm
Quoting ruffryders
{quote} FFLEO, if you are so sure everything is set to tank, then just load up put options big time, and you will be living next door to John Paulson in S.Hamptons next year.
I DO
  • #371,086
  • Apr 8, 2014 3:25pm Apr 8, 2014 3:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2b.png Size: 101 KB
It s been up there again ,keep your eye on this baby
  • #371,087
  • Apr 8, 2014 3:39pm Apr 8, 2014 3:39pm
Bottom truth is fundamentally USD is oversold on relatively moderate NFP number of 192k jobs added from previous 197
5k less.Not a economical melt down nor serious reasons to buy the Euro or pound at current levels.Euro in particular is lot weaker both fundamentally and its relative worth.
I will continue to sell both EU and Cable.
Euro elections next month surely will flame staggering unemployment numbers in Greece,Italy,Spain...25-36%
Between deciding EZ and US my money is on USD

Harmonically 6765 is 1.618 fib high confluance
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #371,088
  • Apr 8, 2014 3:44pm Apr 8, 2014 3:44pm
Quoting Davit
Bottom truth is fundamentally USD is oversold on relatively moderate NFP number of 192k jobs added from previous 197 5k less.Not a economical melt down nor serious reasons to buy the Euro or pound.Euro in particular is lot weaker both fundamentally and its relative worth. I will continue to sell both EU and Cable. Euro elections next month surely will flame staggering unemployment numbers in Greece,Italy,Spain...25-36% Between deciding EZ and US my money is on USD
EU agree with you. GU - not that much. GU I see more like - rangebound - going higher.
GU W1 tall green candles telling that bulls are in control currently.
  • #371,089
  • Apr 8, 2014 3:45pm Apr 8, 2014 3:45pm
Quoting Davit
Bottom truth is fundamentally USD is oversold on relatively moderate NFP number of 192k jobs added from previous 197 5k less.Not a economical melt down nor serious reasons to buy the Euro or pound at current levels.Euro in particular is lot weaker both fundamentally and its relative worth. I will continue to sell both EU and Cable. Euro elections next month surely will flame staggering unemployment numbers in Greece,Italy,Spain...25-36% Between deciding EZ and US my money is on USD
looks like eu about to drop i have 1377 as 1 st target ??
  • #371,090
  • Apr 8, 2014 3:46pm Apr 8, 2014 3:46pm
Quoting elbert3
{quote} looks like eu about to drop i have 1377 as 1 st target ??
EU H8 rejection candle directly @ MP @ 3815, looks set to drop.
  • #371,091
  • Apr 8, 2014 3:51pm Apr 8, 2014 3:51pm
Quoting Davit
Bottom truth is fundamentally USD is oversold on relatively moderate NFP number of 192k jobs added from previous 197 5k less.Not a economical melt down nor serious reasons to buy the Euro or pound at current levels.Euro in particular is lot weaker both fundamentally and its relative worth. I will continue to sell both EU and Cable. Euro elections next month surely will flame staggering unemployment numbers in Greece,Italy,Spain...25-36% Between deciding EZ and US my money is on USD Harmonically 6765 is 1.618 fib high confluance {image}
nice chart!
  • #371,092
  • Apr 8, 2014 3:51pm Apr 8, 2014 3:51pm
Quoting ruffryders
{quote} EU agree with you. GU - not that much. GU I see more like - rangebound - going higher. GU W1 tall green candles telling that bulls are in control currently.
Extreme high correlation GU with EU in 1month 97%
This means if EU falls 90% chance GU falls as well.
In trading, you have to be defensive and aggressive at the same time
  • #371,093
  • Apr 8, 2014 3:53pm Apr 8, 2014 3:53pm
Quoting ruffryders
{quote} nice chart!
Thanks friend
In trading, you have to be defensive and aggressive at the same time
  • #371,094
  • Apr 8, 2014 3:53pm Apr 8, 2014 3:53pm
Quoting Davit
{quote} Extreme high correlation GU with EU in 1month 97% This means if EU falls 90% chance GU falls as well.
nope, there is no such correlation.

here are the latest corr tables. (30 and 90)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
Click to Enlarge Name: Screenshot2.png Size: 50 KB
  • #371,095
  • Apr 8, 2014 3:55pm Apr 8, 2014 3:55pm
fiber waiting for a boot from key area http://www.forexfactory.com/showthre...18#post7385618
  • #371,096
  • Apr 8, 2014 3:58pm Apr 8, 2014 3:58pm
Quoting ruffryders
{quote} nope, there is no such correlation. here are the latest corr tables. (30 and 90) {image} {image}
charts I looked are very high
93% on weekly
monthly is 95-97%
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 10 KB
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #371,097
  • Apr 8, 2014 4:04pm Apr 8, 2014 4:04pm
Quoting Davit
{quote} charts I looked are very high 93% on weekly monthly is 95-97% {image} {image}
GU just don't like it. 8 week - per - stick chart looks damn bullish. Surely things could change, but right now looks like PIN sitting on top
of all previous resistances. looks badass.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
  • #371,098
  • Apr 8, 2014 4:09pm Apr 8, 2014 4:09pm
Quoting Davit
{quote} charts I looked are very high 93% on weekly monthly is 95-97% {image} {image}
Davit, this correlation data is simply wrong.

I ran a check manually in Excel for last month of data. GU/EU corr is 20%. see below.

My data comes from Interactive Brokers / SaxoBank.

This is a manual calc from excel. 20% corr EU/GU last month.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #371,099
  • Apr 8, 2014 4:10pm Apr 8, 2014 4:10pm
Quoting ruffryders
{quote} GU just don't like it. 8 week - per - stick chart looks damn bullish. Surely things could change, but right now looks like PIN sitting on top of all previous resistances. looks badass. {image}
To me its just a probability factor
Confluence with harmonics and even with recent red numbers on UK all point out possible top for this swing.
Could I be wrong? sure but that's when one should trade small within his account so not find himself in panic situation.
I will add more shorts should price go higher.
In trading, you have to be defensive and aggressive at the same time
  • #371,100
  • Apr 8, 2014 4:19pm Apr 8, 2014 4:19pm
Quoting ruffryders
{quote} Davit, this correlation data is simply wrong. I ran a check manually in Excel for last month of data. GU/EU corr is 20%. see below. My data comes from Interactive Brokers / SaxoBank. This is a manual calc from excel. 20% corr EU/GU last month. {image}
I am not going to argue with you.If one takes bigger sample over the years you'll find it to be true.
In trading, you have to be defensive and aggressive at the same time
292 traders viewing now