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Cable Update (GBPUSD)

  • #372,141
  • Apr 16, 2014 8:57am Apr 16, 2014 8:57am
Quoting pipcenturion
{quote} Nice! Simple double top with negative divergence on the oscillator. Good set up!
  • #372,142
  • Apr 16, 2014 8:57am Apr 16, 2014 8:57am
Mr Tau and Davit: Good day to you sirs. If you are looking at a long term type, check out the month on GBP/NZD. It has the makings of what the GBP/CAD has done. The NZD has been moving up strong for months, but now is taking the opposite path. Against the GBP, there are some pretty good potentials in coming months.

Just a heads up for you to take a gander at. I rode that GBP/CAD for months. This one looks promising LONG and Short term. I am a swing to position trader...so I plan on riding this train for months.

Good day to you sirs.
  • #372,143
  • Apr 16, 2014 9:00am Apr 16, 2014 9:00am
Quoting JimmyC
{quote} Middag Oom, lyk nog baie goed!
Haha, Oom Jim

Fok net rond hier.

Terg almal - hoop hulle byt.

Sterkte vir jou
  • #372,144
  • Apr 16, 2014 9:03am Apr 16, 2014 9:03am
Quoting FxMaximus
Mr Tau and Davit: Good day to you sirs. If you are looking at a long term type, check out the month on GBP/NZD. It has the makings of what the GBP/CAD has done. The NZD has been moving up strong for months, but now is taking the opposite path. Against the GBP, there are some pretty good potentials in coming months. Just a heads up for you to take a gander at. I rode that GBP/CAD for months. This one looks promising LONG and Short term. I am a swing to position trader...so I plan on riding this train for months. Good day to you sirs.
Noted sir,

but from hereon - this minute - shorting GU.

It's the only path to profits. Period.

Keep adding. It will work. I promise.
  • #372,145
  • Apr 16, 2014 9:04am Apr 16, 2014 9:04am
Quoting TauTrader
{quote} But you are wrong. Will wait for 1.4000. not fighting anything. It's coming to a theater near you - soon
TT
I like you and respect you but disagree on 1.40.Like I said not under these fundamentals.

Lets put this more on probabilities
Probability of seeing 1.36-35 is greater then 1.40 next 2weeks

something worth reading
http://www.bis.org/review/r140404a.htm
his actual speech
Hence, we do not exclude further monetary policy easing and we firmly reiterate that we continue to expect the key ECB interest rates to remain at present or lower levels for an extended period of time. This expectation is based on an overall subdued outlook for inflation extending into the medium term, given the broad-based weakness of the economy, the high degree of unutilised capacity and subdued money and credit creation. At the same time, we are closely following developments on money markets. The Governing Council is unanimous in its commitment to using also unconventional instruments within its mandate in order to cope effectively with risks of a too prolonged period of low inflation.

As head of ECB he can't spell out obviously but reading betwen lines he admits poor economy and low inflation and willing to take action.
You put that together its very dovish statement meaning he wants lower Euro.
In trading, you have to be defensive and aggressive at the same time
  • #372,146
  • Apr 16, 2014 9:06am Apr 16, 2014 9:06am
any body watching the 4 hour chart
  • #372,147
  • Apr 16, 2014 9:12am Apr 16, 2014 9:12am
Quoting FxMaximus
Mr Tau and Davit: Good day to you sirs. If you are looking at a long term type, check out the month on GBP/NZD. It has the makings of what the GBP/CAD has done. The NZD has been moving up strong for months, but now is taking the opposite path. Against the GBP, there are some pretty good potentials in coming months. Just a heads up for you to take a gander at. I rode that GBP/CAD for months. This one looks promising LONG and Short term. I am a swing to position trader...so I plan on riding this train for months. Good day to you sirs.
I am loaded with trades now but once I close my positions will look into it.I am heavy short on NU
Thanks for heads up
Regards
In trading, you have to be defensive and aggressive at the same time
  • #372,148
  • Apr 16, 2014 9:13am Apr 16, 2014 9:13am
Quoting Davit
{quote} TT I like you and respect you but disagree on 1.40.Like I said not under these fundamentals. Lets put this more on probabilities Probability of seeing 1.36-35 is greater then 1.40 next 2weeks something worth reading http://www.bis.org/review/r140404a.htm his actual speech Hence, we do not exclude further monetary policy easing and we firmly reiterate that we continue to expect the key ECB interest rates to remain at present or lower levels for an extended period of time. This expectation is based on an overall subdued outlook...
Sir Davit - nice post.

Thank you for taking the time. 1.4000 it is. You may not like this - as you are loaded short. your direction correct longer term - but we need an upset first.

I do admire your balanced TA and Fundi outlook. Rare to find this balance.

I'm a simple man. The IQ of a rice crispy. I'm a bad trader.

Dumb as 10.

We sit back and observe.

Regards
  • #372,149
  • Apr 16, 2014 9:21am Apr 16, 2014 9:21am
Quoting TauTrader
{quote} The IQ of a rice crispy.
Ghost Rider - WWTBMD?
  • #372,150
  • Apr 16, 2014 9:24am Apr 16, 2014 9:24am
Quoting albchr
{quote}
TRUE!
  • #372,151
  • Apr 16, 2014 9:25am Apr 16, 2014 9:25am
Quoting TauTrader
{quote} Sir Davit - nice post. Thank you for taking the time. 1.4000 it is. You may not like this - as you are loaded short. your direction correct longer term - but we need an upset first. I do admire your balanced TA and Fundi outlook. Rare to find this balance. I'm a simple man. The IQ of a rice crispy. I'm a bad trader. Dumb as 10. We sit back and observe. Regards
TT you are good trader and I could be wrong as well.Nothing is 100% in trading.Its just probabilities.

Check out this Gartley classic in the making which fits with fundamentals
C at 78.6 is Scott Carney's sweet spot.Clear rejection there.Now I am waiting for D leg completion.
90% EU trades in profit now but shooting for 36
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #372,152
  • Apr 16, 2014 9:28am Apr 16, 2014 9:28am
Quoting TauTrader
{quote} TRUE!
I must learn never to read these posts in the middle of a sip of coffee. That stuff hurts when passing through the nasal cavity from laughing so hard!!
Ghost Rider - WWTBMD?
  • #372,153
  • Apr 16, 2014 9:36am Apr 16, 2014 9:36am
almost 8 hours still stuck in resistance area, i'm starting doubt
sl - 3 pip only
tp 100 pip
never change my mind until the end. because if continue going up, i no have idea to entry again
  • #372,154
  • Apr 16, 2014 9:37am Apr 16, 2014 9:37am
Quoting Davit
{quote} TT you are good trader and I could be wrong as well.Nothing is 100% in trading.Its just probabilities. Check out this Gartley classic in the making which fits with fundamentals C at 78.6 is Scott Carney's sweet spot.Clear rejection there.Now I am waiting for D leg completion. 90% EU trades in profit now but shooting for 36 {image}
Sir,

I do admire your studies. you were able to deliver solid profits over the past few months. Meaning the edge is present. No doubt. Refine that.

I do not "feel" uncle Scott at present.

Sorry.

I trade on the fringes. In and out. Instantly.

  • #372,155
  • Apr 16, 2014 9:44am Apr 16, 2014 9:44am
Quoting ratli-trader
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.

So now, where she want to go?
  • #372,156
  • Apr 16, 2014 9:47am Apr 16, 2014 9:47am
UP UP GBP
  • #372,157
  • Apr 16, 2014 9:51am Apr 16, 2014 9:51am
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 analysis bro,
So, what price that you suggest?
  • #372,158
  • Apr 16, 2014 9:57am Apr 16, 2014 9:57am
I always find it interesting to watch folks voice their views, the reasons why, and the conviction with which they defend their stance. Take Tau & Davit here. Both of who I have much respect for. Not just as traders with good track records but first and foremost, as people. Both respectful, and I believe good folks I would call friends both here and if ever to meet in person.

Both FAR smarter than I as I have the IQ of a "stale" rice crispy...lol <<< Just love that line Tau

I believe both to be correct in their views and positions. As to which view "plays out first"? That's rather like the chicken or the egg question to me. This is the market and anything, at any time can happen. We simply can't "know" which will be first. But, both the chicken and the egg DO exist. The market cycles and I see both as winners in the end regardless of which view plays out first.
Ghost Rider - WWTBMD?
  • #372,159
  • Apr 16, 2014 9:58am Apr 16, 2014 9:58am
Scalped.

Results.

Peace.
Attached Image (click to enlarge)
Click to Enlarge Name: Image 7.png Size: 24 KB
  • #372,160
  • Apr 16, 2014 10:07am Apr 16, 2014 10:07am
Quoting samooh
UP UP GBP
2 more pips and i am loading it down, ???
274 traders viewing now, 5 are registered:
sam3234
,
RSdecompose
,
Molaro
,
ericis
,