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Cable Update (GBPUSD)

  • #372,001
  • Apr 16, 2014 4:33am Apr 16, 2014 4:33am
So Uk inflation now matched by wage inflation/growth....and unemployment headline rate at 5year low and now below Carney's initial 'phase 1' forward guidance target level of 7.1% at 6.9%.

My contribution of what is above:

to 6820-23 former daily/wkly/mthly swing high
to 6877 former daily/wkly/mthly swing high
6940 50% 0397-3505
6957 Monthly R2 pivot
to 7039 former mthly swing high zone
7129 Monthly R3 pivot
to 7220 former mthly swing low zone (possible resistance now ?)
7321 50% 1162-3505

best wishes
it's all gone a bit........
  • #372,002
  • Apr 16, 2014 4:34am Apr 16, 2014 4:34am
Quoting Mr.C
{quote} Hello traders. GU short killed. Account damaged with -0.88%. Wish you all a nice trading day!
look. the game of MM is hunting last lows or last highs. 6820 is the last high and now we see this lever under attack. Since MM will brake 6820 by 70-120 basic points up and will crash the rest then he will start to short and will hunt the last low before rise it was 6250. So i would recomend now to wait for 6915 and try to short with bigger SL till 6990 and take profit in 6400 first and even 6250. If not and u will get SL wait again for the new high suppose 7050 area. Since 6555 start rocketing to 6800 its clear MM has a goal to raech 6915 and even 7000.

Cha ! how you dont get this? its a cheese for mouse 6820. of cause the rest will short in 6800-6850 are with SL 6915 and whats MM need.
No free cheese ! Its a speculative business and u must prepare yourself for it. There a huge sharks that will always hunt your money.
And now u say u shorted 6750 ??? WHY WHY !!! tell me for w. f. reason u short it?
  • #372,003
  • Apr 16, 2014 4:36am Apr 16, 2014 4:36am
gone short , triple top , on the day bar few pips 6820 is the number,break above this then yes 7140, see if i can find a long ?? 6768 maybe
  • #372,004
  • Apr 16, 2014 4:38am Apr 16, 2014 4:38am
Quoting Mr.C
{quote} Hello traders. GU short killed. Account damaged with -0.88%. Wish you all a nice trading day!
what did you have on it your shirt ??? ie big lot
  • #372,005
  • Apr 16, 2014 4:40am Apr 16, 2014 4:40am
Quoting Trader88q
{quote} look. the game of MM is hunting last lows or last highs. 6820 is the last high and now we see this lever under attack. Since MM will brake 6820 by 70-120 basic points up and will crash the rest then he will start to short and will hunt the last low before rise it was 6250. So i would recomend now to wait for 6915 and try to short with bigger SL till 6990 and take profit in 6400 first and even 6250. If not and u will get SL wait again for the new high suppose 7050 area. Since 6555 start rocketing to 6800 its clear MM has a goal to raech 6915...
some will just do their own thing, go shart, etc. Weekly bull engulfer confirmed and still they are sharting. damn!
  • #372,006
  • Apr 16, 2014 4:41am Apr 16, 2014 4:41am
Quoting Red Alert
historically, cable testing this resistance (1.681x-1.684x) area so many times, but now supported by good data, seems like will flying high
hungry... looking for some meat balls ............ bakso bakso ....................
Attached Image (click to enlarge)
Click to Enlarge Name: Bakso_urat_asli_solo.jpg Size: 119 KB
not euphoria follower
  • #372,007
  • Apr 16, 2014 4:41am Apr 16, 2014 4:41am
Quoting DerekTrotter
{quote} Tea is always a good idea.. just going with the flow E, thats all really..
dell back in the money short gold , short gbus heavy again till it meets the tecs
  • #372,008
  • Apr 16, 2014 4:43am Apr 16, 2014 4:43am
Hi all,
I suggest selling GBPUSD. Price hit resistance at an unfair high.
I'm already short.
Expecting 1.6575 or lower.
Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 28 KB
  • #372,009
  • Apr 16, 2014 4:44am Apr 16, 2014 4:44am
Quoting iqyu5an
{quote} hungry... looking for some meat balls ............ bakso bakso .................... {image}
"ayo muleh nang malang bro, uakeh oskab ndek kene"

hemmm......short again at. 1.6804
small size...., target 1 6730..... if my alert valid, it will retrace there first
  • #372,010
  • Apr 16, 2014 4:45am Apr 16, 2014 4:45am
If it were me who had some longs, I would have cashed them in about now and been thankful.
I wouldn't want to see all my profits disappear.
Come with me if you want to live....
  • #372,011
  • Apr 16, 2014 4:45am Apr 16, 2014 4:45am
Quoting ruffryders
{quote} some will just do their own thing, go shart, etc. Weekly bull engulfer confirmed and still they are sharting. damn!


whats up boss?
Come with me if you want to live....
  • #372,012
  • Apr 16, 2014 4:46am Apr 16, 2014 4:46am
going back over a 20 year time horizon the midpoint of price is 7321 so you could argue cable is still cheap at these levels. Look at the chart below it shows these 20 years on a monthly basis...the circled areas are tipping points in that time...this is a tipping point area - an important area on this chart. Price has spent more time below that tipping point than above it during those last 20 years....make of this what you like.

best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 140 KB
it's all gone a bit........
  • #372,013
  • Apr 16, 2014 4:46am Apr 16, 2014 4:46am
Quoting elbert3
{quote} dell back in the money short gold , short gbus heavy again till it meets the tecs
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 103 KB
there you go no lose already try to make the money back
  • #372,014
  • Apr 16, 2014 4:46am Apr 16, 2014 4:46am
Quoting pipcenturion
Hi all, I suggest selling GBPUSD. Price hit resistance at an unfair high. I'm already short. Expecting 1.6575 or lower. Happy trading! {image}
naked eyes...there is abcd and bearish crab in your chart

who knows ...
not euphoria follower
  • #372,015
  • Apr 16, 2014 4:46am Apr 16, 2014 4:46am
Quoting Ill-b-back
{quote} whats up boss?
Oh yeah, the Pound.
Come with me if you want to live....
  • #372,016
  • Apr 16, 2014 4:47am Apr 16, 2014 4:47am
Quoting petetong
going back over a 20 year time horizon the midpoint of price is 7321 so you could argue cable is still cheap at these levels. Look at the chart below it shows these 20 years on a monthly basis...the circled areas are tipping points in that time...this is a tipping point area - an important area on this chart. Price has spent more time below that tipping point than above it during those last 20 years....make of this what you like. best wishes. {image}
yes sir, you bring up a very valid point. The balance is approx 7300-7400 area, that's where we're headed in few months.
  • #372,017
  • Apr 16, 2014 4:48am Apr 16, 2014 4:48am
Quoting Ill-b-back
{quote} Oh yeah, the Pound.
please don't tell me you's sharted the thing again.
  • #372,018
  • Apr 16, 2014 4:49am Apr 16, 2014 4:49am
This will surely re-test the 1.6800 before it decides which ever way to go?
  • #372,019
  • Apr 16, 2014 4:50am Apr 16, 2014 4:50am
bull and bear are friends

***
janchuk...oskab statsion... ora penak blassssssssssssssss.....asuwwwwwwww tenan kanji tok. last week i was in your city to meet my family just for 3 night. and sleep all the day hehe

arema loyo ker...2 - 3 vs persib . pdhl wis menang 2-0. bola ne koyo bakso..buleddddd wkwkw. luwe tenan aku.. off sik. sukses


Quoting Red Alert
{quote} "ayo muleh nang malang bro, uakeh oskab ndek kene" hemmm......short again at. 1.6804 small size...., target 1 67e30..... if my alert valid, it will retrace there first
not euphoria follower
  • #372,020
  • Apr 16, 2014 4:50am Apr 16, 2014 4:50am
Good day,

1hr chart setting up for a short scalp. Daily chart also now entering shorting territory for me. So - gonna give that a shot.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 84 KB
Click to Enlarge Name: gbpusddaily.png Size: 81 KB
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