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Cable Update (GBPUSD)

  • #371,301
  • Apr 9, 2014 9:19pm Apr 9, 2014 9:19pm
Quoting Ill-b-back
{quote} You want funny mentals brother, head over to the news section for articles covering the ECB and the FED. While Draghi and co. are boring people to death with the same repeated dialogue on tools at their disposal to soften the Euro, while actually doing nothing, the Fed is flip flopping ADHD style. I love the follow up of their tapermania with ratemania. Same time, Same BS channel, Same dialogue, same flip flop, Same outcome. Oh, I love the media in all this, on face value, it has come straight from the asylum. Got to go, head to next job,...
Yeah...I've been reading some of the noise. Always good for a laugh if you can keep from crying over the pointless insanity...

Take care brother. I've been watching ya so I don't need to say cut em loose if they got juice.
Ghost Rider - WWTBMD?
  • #371,302
  • Apr 9, 2014 9:22pm Apr 9, 2014 9:22pm
Quoting deeZG
{quote} yep, same idea. monitoring closely to touch a few stops around 1.6785 and drag us further down...
I'm already not liking it...

Of course we are in low/no volume drifting mode too. I may cut it or set BE soon and let it be.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #371,303
  • Apr 9, 2014 9:24pm Apr 9, 2014 9:24pm
I had 18 000$ loss and completely recovered in just few days.

This currency will continue waving I think, so sell tops and buy dips, If Double top line is broken then 1.7, then 1.66, then 1.75 and so on until trend changes

But waves should stay I think. I don't see very strong upward or downward trend without retracements.
kiss the trend
  • #371,304
  • Apr 9, 2014 9:26pm Apr 9, 2014 9:26pm
Quoting fx-trader777
I had 18 000$ loss and completely recovered in just few days. This currency will continue waving I think, so sell tops and buy dips, If Double top line is broken then 1.7, then 1.66, then 1.75 and so on until trend changes But waves should stay I think. I don't see very strong upward or downward trend without retracements.

Good recovery.
  • #371,305
  • Apr 9, 2014 9:28pm Apr 9, 2014 9:28pm
Quoting fx-trader777
I had 18 000$ loss and completely recovered in just few days. This currency will continue waving I think, so sell tops and buy dips, If Double top line is broken then 1.7, then 1.66, then 1.75 and so on until trend changes But waves should stay I think. I don't see very strong upward or downward trend without retracements.
Yep..agreed. I'm in my Gene Kelly trading mode. Singing in the "range"
Ghost Rider - WWTBMD?
  • #371,306
  • Apr 9, 2014 9:30pm Apr 9, 2014 9:30pm
Better r:r to short when the opportunity arise imo ... ie a bearish daily close. Price currently is at a strong 5 years resistance level.
And the strong rise before the rates ... we've seen this one before many times.

Just a thought. Good luck
Thank You
  • #371,307
  • Apr 9, 2014 9:33pm Apr 9, 2014 9:33pm
Quoting albchr
{quote} I'm already not liking it... Of course we are in low/no volume drifting mode too. I may cut it or set BE soon and let it be. {image}
yep...done that already
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 42 KB
big numbers are our friends...
  • #371,308
  • Apr 9, 2014 9:34pm Apr 9, 2014 9:34pm
Quoting albchr
{quote} Yep..agreed. I'm in my Gene Kelly trading mode. Singing in the "range"
I have more shorts on EU better then GU both fundamentally and swap.Simple fact is EZ is not meeting its inflation levels and high Euro hampers recovery.
I am 100% confident we will see 36-35 in 20days
Euro elections in May
In trading, you have to be defensive and aggressive at the same time
  • #371,309
  • Apr 9, 2014 9:34pm Apr 9, 2014 9:34pm
Quoting wormboy
Better r:r to short when the opportunity arise imo ... ie a bearish daily close. Price currently is at a strong 5 years resistance level. And the strong rise before the rates ... we've seen this one before many times. Just a thought. Good luck
Good to see you my friend. Hope all is well and yep...agreed
Ghost Rider - WWTBMD?
  • #371,310
  • Apr 9, 2014 9:38pm Apr 9, 2014 9:38pm
Quoting Davit
{quote} I have more shorts on EU better then GU both fundamentally and swap.Simple fact is EZ is not meeting its inflation levels and high Euro hampers recovery. I am 100% confident we will see 36-35 in 20days Euro elections in May
I don't trade EU for the most part but I watch it and I can see your reasoning.
Ghost Rider - WWTBMD?
  • #371,311
  • Apr 9, 2014 9:40pm Apr 9, 2014 9:40pm
Quoting albchr
{quote} I don't trade EU for the most part but I watch it and I can see your reasoning.
EU is weaker then GU
If you are concern about top side on GU then EU top is very limited under present fundamentals.
worth reading
http://www.bloomberg.com/news/2014-0...urrencies.html
The ECB, which meets tomorrow, is under pressure to stem a 20-month advance in the euro that has weighed on growth and slowed inflation to barely a quarter of its 2 percent target. Among the actions Draghi may take are cutting the central bank’s record-low interest rates or stop mopping-up the excess liquidity from its asset-purchase program.
In trading, you have to be defensive and aggressive at the same time
  • #371,312
  • Apr 9, 2014 9:41pm Apr 9, 2014 9:41pm
Quoting deeZG
{quote} yep...done that already {image}
Me too. Getting late and I need a bit of sleep before London open. Good luck mate.
Ghost Rider - WWTBMD?
  • #371,313
  • Apr 9, 2014 9:42pm Apr 9, 2014 9:42pm
Quoting fx-trader777
I had 18 000$ loss and completely recovered in just few days. This currency will continue waving I think, so sell tops and buy dips, If Double top line is broken then 1.7, then 1.66, then 1.75 and so on until trend changes But waves should stay I think. I don't see very strong upward or downward trend without retracements.

Yeah I know the feeling

I got caught a few months back

Not sure if the GBP/US would support

over 1.70

I got longs set to 1.70

Have to rethink things if it gets up there
  • #371,314
  • Apr 9, 2014 9:42pm Apr 9, 2014 9:42pm
Quoting albchr
{quote} Me too. Getting late and I need a bit of sleep before London open. Good luck mate.
thanks, mate!
good luck to you too and have a nice sleep!
big numbers are our friends...
  • #371,315
  • Apr 9, 2014 11:24pm Apr 9, 2014 11:24pm
Quoting Ill-b-back
{quote} fkc'n pound
lol, possible big drop comming, best to put sell stop orders in at key levels on the way down this way if it go up you wont get in a trade but if it drop you catch the trend on the way down
  • #371,316
  • Apr 10, 2014 12:07am Apr 10, 2014 12:07am
Quoting PoundTrader
{quote}lol, possible big drop comming, best to put sell stop orders in at key levels on the way down this way if it go up you wont get in a trade but if it drop you catch the trend on the way down
Too late man, I'm in since 6636, then more higher up.
:-/
Come with me if you want to live....
  • #371,317
  • Apr 10, 2014 12:13am Apr 10, 2014 12:13am
Quoting PoundTrader
{quote}lol, possible big drop comming, best to put sell stop orders in at key levels on the way down this way if it go up you wont get in a trade but if it drop you catch the trend on the way down
If ever I need green US numbers, it's today.....
Come with me if you want to live....
  • #371,318
  • Apr 10, 2014 12:23am Apr 10, 2014 12:23am
Quoting Ill-b-back
{quote} If ever I need green US numbers, it's today.....
Then you should be on your knees
  • #371,319
  • Apr 10, 2014 12:36am Apr 10, 2014 12:36am
Quoting Makavell
{quote} Then you should be on your knees
I would, but then I can't see my monitor.
A seat, a quiet prayer and a little weed might get me through
Come with me if you want to live....
  • #371,320
  • Apr 10, 2014 12:52am Apr 10, 2014 12:52am
Nothing bearish here yet, long this pair and will be all the way until 6720, massive bull candle also breaking a HUGE resistance level from monthly chart. These trades happen like once a lifetime. I will be buying the hell out of this if it can get back down to 6750 ! SO PLEASE SHORT IT
Attached Image (click to enlarge)
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All posts are my personal opinion
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