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Cable Update (GBPUSD)

  • #372,101
  • Apr 16, 2014 7:54am Apr 16, 2014 7:54am
I am thinking to short for 10-30 pips
I want to buy PATIENCE
  • #372,102
  • Apr 16, 2014 7:56am Apr 16, 2014 7:56am
Guys, I already posted the strong levels on GU. There is not much of an overhead resistance until 6840-60 area. Once this is cleared
all the way to 7000. Let's see what gives. RR.

1.7740 ULTIMATE RESISTANCE
1.7440 STRONG RESISTANCE
1.7140 RESISTANCE
1.7120 RESISTACE
1.7040 STRONG RESISTANCE
1.6900 RESISTANCE
1.6860 RESISTANCE
1.6840 RESISTANCE
  • #372,103
  • Apr 16, 2014 7:58am Apr 16, 2014 7:58am
I'm clicking to see if i'm on 1000 ignores..

I post alone

It will break my heart.

Regards
  • #372,104
  • Apr 16, 2014 8:02am Apr 16, 2014 8:02am
Quoting TauTrader
I'm clicking to see if i'm on 1000 ignores.. I post alone It will break my heart. Regards
Never alone my friend

It's just when you say what's true, there isn't much comment to debate about. Try saying something like....this will drop to 1.4500 in the next 20 minutes and see the reaction you get....
Ghost Rider - WWTBMD?
  • #372,105
  • Apr 16, 2014 8:10am Apr 16, 2014 8:10am
Buy gbp buy gbp only always forever you will be multi millionaire
  • #372,106
  • Apr 16, 2014 8:10am Apr 16, 2014 8:10am
this thing is going to drop now ???
  • #372,107
  • Apr 16, 2014 8:11am Apr 16, 2014 8:11am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 35 KB
Pecuniae obediunt omnia
  • #372,108
  • Apr 16, 2014 8:12am Apr 16, 2014 8:12am
May GBPUSD will make "M" pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 205 KB
  • #372,109
  • Apr 16, 2014 8:13am Apr 16, 2014 8:13am
Quoting elbert3
this thing is going to drop now ???



Noooooo my friend always up up up
  • #372,110
  • Apr 16, 2014 8:17am Apr 16, 2014 8:17am
Quoting albchr
{quote} Never alone my friend It's just when you say what's true, there isn't much comment to debate about. Try saying something like....this will drop to 1.4500 in the next 20 minutes and see the reaction you get....
your right i got reaction lol, but down , down ,lol
  • #372,111
  • Apr 16, 2014 8:18am Apr 16, 2014 8:18am
Quoting elbert3
this thing is going to drop now ???
We don't have a crystal ball, but all of us see an end of the triangle / flag pattern forming.
It is close to a resistance zone. Thats why I took a little short.

Maybe it will try to penetrate in the resistance zone, but no news yet to bypass and break it.
Maybe the payed lier will tell some bull sht and it will move 50 pip in a direction, but for today it moved enough.

For sure others has other trade system and they can tell other, but mine holly grail tells this
I want to buy PATIENCE
  • #372,112
  • Apr 16, 2014 8:18am Apr 16, 2014 8:18am
Quoting TauTrader
I'm clicking to see if i'm on 1000 ignores.. I post alone It will break my heart. Regards
Hi mate, don't worry, your post always valuable for me personally, I am agree with your analysis...,
Very logic and clear...
  • #372,113
  • Apr 16, 2014 8:19am Apr 16, 2014 8:19am
Quoting albchr
{quote} Never alone my friend It's just when you say what's true, there isn't much comment to debate about. Try saying something like....this will drop to 1.4500 in the next 20 minutes and see the reaction you get....
Sir,C

I feel better now..

Stating 1.4500 would be just wrong..

1.6170 would be more conservative. Not that I'm endorsing the number. just plucking the air.

Thank you for engaging

All the best
  • #372,114
  • Apr 16, 2014 8:20am Apr 16, 2014 8:20am
if we see 1.6760 by close of london cut today which is in another 2:30 hrs shorts will take over this pair till 1.6400 atleast
  • #372,115
  • Apr 16, 2014 8:21am Apr 16, 2014 8:21am
We could see better employment numbers on US side coming up to offset same on UK.
Lot of traders only assume data from one side.Just because recent employment was green on UK does not mean it will fly 170+
Lets not overlook EU situation.With EZ elections next month and ECB clearly stating their preference for lower EU.
If EU breaks 38 going to 37 I don't see how cable with highest correlation with EU can stay up.

As I am typing this EU is going lower...
In trading, you have to be defensive and aggressive at the same time
  • #372,116
  • Apr 16, 2014 8:24am Apr 16, 2014 8:24am
667 seems to be a good target before Friday.
Pecuniae obediunt omnia
  • #372,117
  • Apr 16, 2014 8:26am Apr 16, 2014 8:26am
Quoting TauTrader
EU is bound to touch 1.4000 - I see that
Hi TT
Not likely under present fundamentals.Not with .25 IR and 1% inflation with 20million unemployed.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #372,118
  • Apr 16, 2014 8:27am Apr 16, 2014 8:27am
Quoting giveachance
if we see 1.6760 by close of london cut today which is in another 2:30 hrs shorts will take over this pair till 1.6400 atleast
6400 eh? give some logic reason behind that.. if you're long term trader, i don't see logic reason for that even in weekly or monthly (yet)..
  • #372,119
  • Apr 16, 2014 8:30am Apr 16, 2014 8:30am
Quoting Davit
{quote} Hi TT Not likely under present fundamentals.Not with .25 IR and 1% inflation with 20million unemployed. Regards
the resistance is not that far 3850.. if that's clear, further exposure can be expected.

weekly atm saying more upside, daily is indecision..
  • #372,120
  • Apr 16, 2014 8:30am Apr 16, 2014 8:30am
Quoting A-speculator
{quote} 6400 eh? give some logic reason behind that.. if you're long term trader, i don't see logic reason for that even in weekly or monthly (yet)..

well logical reason for that is two bearish events for dollar like fomc minutes and gbp employment data plus retail sales plus all PMI data's can't make it cross 1.6845. we ended up rallying near 1.640x after feb non farm payrolls and carney inflation speech. we got more than 1.640x but this level was sold. so I expect to get there if there is a strong rejection
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