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Cable Update (GBPUSD)

  • #372,121
  • Apr 16, 2014 8:33am Apr 16, 2014 8:33am
Quoting Davit
{quote} Hi TT Not likely under present fundamentals.Not with .25 IR and 1% inflation with 20million unemployed. Regards
Sir,

Respect your view. Will however happen. No doubt whatsoever. BUT we also have 1.2950 - so i put it to you. 1.4000 first. Then down. Or 1.2950 from here - then back up to 1.4000.

Know the numbers, not the sequence..
  • #372,122
  • Apr 16, 2014 8:34am Apr 16, 2014 8:34am
Quoting A-speculator
{quote} the resistance is not that far 3850.. if that's clear, further exposure can be expected. weekly atm saying more upside, daily is indecision..
I have no clue what you just posted
regards
In trading, you have to be defensive and aggressive at the same time
  • #372,123
  • Apr 16, 2014 8:35am Apr 16, 2014 8:35am
Quoting TauTrader
{quote} 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

I know it would be wrong. But it sure would spark some debate...eh?

The conversation in my humble corner has kept my attention. But your previous post did not go unnoticed and I meant to reply. Please allow me to make up for my lapse in response there now.

Quoting TauTrader
Good day, another possible scenario - this time long term.. We have serious resistance coming up from 1.6850.( This level would be a short scalp in itself - if touched) We are entering a possible reversal area all the way up to 1.7065 - I doubt it strongly that we would continue past that. Not without a major retrace ( few 100 pips). His, however needs to happen quickly. EU is bound to touch 1.4000 - I see that. So - GU may hang around. We do however have levels lower that are also in play and WILL come into effect. Marked with Blue lines. See chart....
I agree with the possibility

I must run...my grilled cheese is burning.
Ghost Rider - WWTBMD?
  • #372,124
  • Apr 16, 2014 8:35am Apr 16, 2014 8:35am
Quoting TauTrader
{quote} Sir, Respect your view. Will however happen. No doubt whatsoever. BUT we also have 1.2950 - so i put it to you. 1.4000 first. Then down. Or 1.2950 from here - then back up to 1.4000. Know the numbers, not the sequence..
well I hope you are hedged nicely because you are fighting an ultra dovish central banker. euro may never touch 1.39 again. forget abt 1.4
  • #372,125
  • Apr 16, 2014 8:35am Apr 16, 2014 8:35am
Quoting giveachance
{quote} 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
i see you based your analysis on fundamental (some says funnymental), but PA doesn't says enough bearish atm, not even in higher TF.. maybe not yet, but we are basing our analysis on how we see the graph, aren't we? if that's not true, we better off trading blindly with just the price board... right?
  • #372,126
  • Apr 16, 2014 8:36am Apr 16, 2014 8:36am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 113 KB
dont know it this is a pull back went short off the 50 ?? could see 1375 ish
  • #372,127
  • Apr 16, 2014 8:37am Apr 16, 2014 8:37am
Quoting giveachance
{quote} well I hope you are hedged nicely because you are fighting an ultra dovish central banker. euro may never touch 1.39 again. forget abt 1.4
fiber is currently about support zone in 4h (~3820).. see how the price acting on the support mate.

if that support hold, 1.4 maybe in the cards..
  • #372,128
  • Apr 16, 2014 8:39am Apr 16, 2014 8:39am
Quoting Davit
{quote} I have no clue what you just posted regards
fiber - nearest resistance is 3850.. not that far..
  • #372,129
  • Apr 16, 2014 8:40am Apr 16, 2014 8:40am
Quoting A-speculator
{quote} fiber is currently about support zone in 4h (~3820).. see how the price acting on the support mate. if that support hold, 1.4 maybe in the cards..
the last support is at 1.3786. yellen is coming in 2:30 hrs. if she doesn't speak anything weird today. I expect that to go. there are barrage of sell stops at 1.3785. keep that in mind
  • #372,130
  • Apr 16, 2014 8:40am Apr 16, 2014 8:40am
Quoting giveachance
{quote} well I hope you are hedged nicely because you are fighting an ultra dovish central banker. euro may never touch 1.39 again. forget abt 1.4
Sir,

no open EU trade. nothing to hedge.

Regards
  • #372,131
  • Apr 16, 2014 8:42am Apr 16, 2014 8:42am
Quoting giveachance
{quote} well I hope you are hedged nicely because you are fighting an ultra dovish central banker. euro may never touch 1.39 again. forget abt 1.4
But you are wrong.

Will wait for 1.4000. not fighting anything.

It's coming to a theater near you - soon
  • #372,132
  • Apr 16, 2014 8:43am Apr 16, 2014 8:43am
Quoting giveachance
{quote} the last support is at 1.3786. yellen is coming in 2:30 hrs. if she doesn't speak anything weird today. I expect that to go. there are barrage of sell stops at 1.3785. keep that in mind
pp on it and target 1376 , thanks guys dont normally trade eu
  • #372,133
  • Apr 16, 2014 8:43am Apr 16, 2014 8:43am
Quoting giveachance
{quote} the last support is at 1.3786. yellen is coming in 2:30 hrs. if she doesn't speak anything weird today. I expect that to go. there are barrage of sell stops at 1.3785. keep that in mind
yups, about your price is the lowest support level.. agreed with that.. but until that breaks (or the ~3820), not yet bearish..
  • #372,134
  • Apr 16, 2014 8:44am Apr 16, 2014 8:44am
if gb passes 6785 i am loading for 15 pips
  • #372,135
  • Apr 16, 2014 8:45am Apr 16, 2014 8:45am
If GBPUSD can break 1.6822 today then it may go up to 1.6900 or 1.7000 but if fail to break 1.6822 then may be it can come back 1.6600 and then 1.6400.
  • #372,136
  • Apr 16, 2014 8:49am Apr 16, 2014 8:49am
good day,

only took a few trades today.

and yes - a loss there as well.

some days are better than others..

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Image 6.png Size: 23 KB
  • #372,137
  • Apr 16, 2014 8:54am Apr 16, 2014 8:54am
Where the Atari traders with lightening reflexes on the M5 charts?

GU 30M

Setup - don't say I didn't give you time

Attached Image (click to enlarge)
Click to Enlarge Name: GU 30M.png Size: 17 KB
  • #372,138
  • Apr 16, 2014 8:55am Apr 16, 2014 8:55am
Gonna sit and wait Yellen's speech... Im Short EU, GU and AU... Adios!
Pecuniae obediunt omnia
  • #372,139
  • Apr 16, 2014 8:57am Apr 16, 2014 8:57am
Quoting JimmyC
Where the Atari traders with lightening reflexes on the M5 charts? GU 30M Setup - don't say I didn't give you time {image}
Nice! Simple double top with negative divergence on the oscillator.
Good set up!
  • #372,140
  • Apr 16, 2014 8:57am Apr 16, 2014 8:57am
Quoting TauTrader
good day, only took a few trades today. and yes - a loss there as well. some days are better than others.. Regards {image}
Middag Oom, lyk nog baie goed!
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