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Cable Update (GBPUSD)

  • #371,201
  • Apr 9, 2014 7:28am Apr 9, 2014 7:28am
Quoting giveachance
to me this gbp move means either someone already has the leaked FOMC minutes or big players are forming a top to smack it from there for tomorrow. Tomorrow is BoE and carney has to open is mouth now abt the GBP rate.
This move was due to GDP leaked earlier yesterday (when everybody else was expecting a 0.8) which was probably leaked at the time the industrial & manufacturing (what?) numbers came out. It is also a move to protect G from falling against JPY & CAD. As soon as they consolidate/stop the free fall, then G will go meet its maker at about 1.64 and G/J will sink below 170.
  • #371,202
  • Apr 9, 2014 7:40am Apr 9, 2014 7:40am
Quoting elbert3
rapid move down,, like after a storm ,, clears the air lol
doesn't look that rapid yet, still the making of a potential top is tempting to keep close watch upon.

not liking the EU and CHF price action though.
  • #371,203
  • Apr 9, 2014 7:44am Apr 9, 2014 7:44am
Quoting godim
{quote} And finally the bulls try something. Crucial resistance. Can be a target. {image}
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,204
  • Apr 9, 2014 7:58am Apr 9, 2014 7:58am
It was an attack of despair. So there is a new UpTrend.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,205
  • Apr 9, 2014 8:02am Apr 9, 2014 8:02am
Quoting godim
It was an attack of despair. So there is a new UpTrend. {image}
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #371,206
  • Apr 9, 2014 8:28am Apr 9, 2014 8:28am
entering daily/weekly possible resistance area after re-test of broken falling trend line on the dip from yesterday's high to today's low and a move back up to today's high - which is 1st obstacle now for the bulls. U.s Fed on way...any surprises there now ?

best wishes
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it's all gone a bit........
  • #371,207
  • Apr 9, 2014 8:53am Apr 9, 2014 8:53am
Quoting ruffryders
{quote} doesn't look that rapid yet, still the making of a potential top is tempting to keep close watch upon. not liking the EU and CHF price action though.
hi did you get gbnz this morning,, i think that was one of the better movers ,regards E
  • #371,208
  • Apr 9, 2014 8:59am Apr 9, 2014 8:59am
Waiting for fomc...
row row row your boat
  • #371,209
  • Apr 9, 2014 10:00am Apr 9, 2014 10:00am
GU is toxic this year. 10 mounts 4810-6820 is in f. uptrend. Thats for M.Carney he did what he wanted. You could blame this man cause his idea is strong pound and not only market maker game in this. If central bank would want it can push donw its currency range lower but what i see only -300 f pips from the top? whats that? is it move? this year started at 6600 and 6820 is only 220 pips up.
cheap down cheap up no real move like those years before where pound in first 3 mounts of the year almost always moved by 800-1200 points.

FX got boring these days. Week by week its very low volatility. There are days like yesterday but again its boring cause its hard to make from it a lot like never before.
  • #371,210
  • Apr 9, 2014 10:00am Apr 9, 2014 10:00am
Maybe this might happen, just a simple idea
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Just my 2 cents worth
  • #371,211
  • Apr 9, 2014 10:05am Apr 9, 2014 10:05am
What sayeth thee? More rate hike statements for another quick drop in Cable? Or is that already priced in? Price action before this stuff is always interesting to watch.
  • #371,212
  • Edited 11:28am Apr 9, 2014 10:09am | Edited 11:28am
Quoting nonlinear
What sayeth thee? More rate hike statements for another quick drop in Cable? Or is that already priced in? Price action before this stuff is always interesting to watch.
come on now all are shorting do you really think market maker will give us free easy money? do you?
you better dont cause i think its not over. They are hunting as and many put SL at 6780-6800. Those are is under attack soon !!

Didnt I?
  • #371,213
  • Apr 9, 2014 10:28am Apr 9, 2014 10:28am
Short GU
Short EU
Short NU
In trading, you have to be defensive and aggressive at the same time
  • #371,214
  • Apr 9, 2014 10:33am Apr 9, 2014 10:33am
Quoting Davit
Short GU Short EU Short NU
how long can you short. as i remember u are saying it from 6475 then at 6575 then at 6675 and then now? so how you trade? are you still OK with that? you cant short it every where. look we short and short and short and short but the results are too low. i know you wait for 6300. i wait for 5500 and then what? we cant wait all life long till pension.
  • #371,215
  • Apr 9, 2014 10:36am Apr 9, 2014 10:36am
Come on its getting boring. I am waiting 3 mounts for major correction but its not coming i got no more time to wait. Thats drives me out of FX cause i didnt make money here. Only shorting taking some profits then taking the same loses and then again waiting on shorts. To buy f. pound i psyhologically cant not cause who buys on highs? Ok maybe its low if we will shoot to 7180 but ohhhhh ! then i dont know nothing about FX.
  • #371,216
  • Apr 9, 2014 10:38am Apr 9, 2014 10:38am
Quoting Trader88q
{quote} how long can you short. as i remember u are saying it from 6475 then at 6575 then at 6675 and then now? so how you trade? are you still OK with that? you cant short it every where. look we short and short and short and short but the results are too low. i know you wait for 6300. i wait for 5500 and then what? we cant wait all life long till pension.
only 2 shorts from 6750
1 from 67
1 from 6670
total 4. Previous shorts were closed in profit. My record since Jan shorting GU is 20% gain of equity.
In trading, you have to be defensive and aggressive at the same time
  • #371,217
  • Apr 9, 2014 10:39am Apr 9, 2014 10:39am
Quoting Davit
{quote} only 2 shorts from 6750 2 from 67 1 from 6670 total 5 previous shorts were closed in profit. My record since Jan shorting GU is 20% gain of equity.
and where did you put TP?
  • #371,218
  • Apr 9, 2014 10:41am Apr 9, 2014 10:41am
Quoting Davit
Short GU Short EU Short NU
looks good boss!
  • #371,219
  • Apr 9, 2014 10:43am Apr 9, 2014 10:43am
Quoting Trader88q
{quote} and where did you put TP?
I like to see how PA reacts. 66 even is decent level to take profit.Bulls happy Bears happy
In trading, you have to be defensive and aggressive at the same time
  • #371,220
  • Apr 9, 2014 10:44am Apr 9, 2014 10:44am
Quoting ruffryders
{quote} looks good boss!
Lets see if Yellen my girl can send this flying down with Taper.
Called in sick at work.Too much fun here
In trading, you have to be defensive and aggressive at the same time
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