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Cable Update (GBPUSD)

  • #372,201
  • Apr 16, 2014 2:08pm Apr 16, 2014 2:08pm
Quoting ruffryders
{quote} currently decent W1 inverse correlation of GU and EGBP. And still going higher yet. So i'd take it as a good tell on GU price. That + the yield curve of the dollar VS pound. That's sufficient already. Top this off with GUs trading above 6200-6600 key zone, any price action above that is controlled by bulls, until serious resistance is met. Not much resistance seen until 7000 at least. {image}
yes, i see that on monthly, major resistance for cable is at about 732x.. but to reach there, cable needs to break nearest resistance first, at about current price..
  • #372,202
  • Apr 16, 2014 2:08pm Apr 16, 2014 2:08pm
EU D1 current indecision candles don't mean much really. We had this same pattern before already.
Attached Image
  • #372,203
  • Apr 16, 2014 2:10pm Apr 16, 2014 2:10pm
Quoting elbert3
{quote} GBNZ looks like a safe entry short
49 PIPS + it pays to shop around ?? could be a few miles in it yet
Attached Image (click to enlarge)
Click to Enlarge Name: gz.png Size: 110 KB
  • #372,204
  • Apr 16, 2014 2:14pm Apr 16, 2014 2:14pm
Quoting elbert3
{quote} 49 PIPS + it pays to shop around ??
nice trade, congrats, you got solid reversal on H4. well done.
Attached Image (click to enlarge)
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  • #372,205
  • Apr 16, 2014 2:16pm Apr 16, 2014 2:16pm
Quoting elbert3
{quote} 49 PIPS + it pays to shop around ?? could be a few miles in it yet {image}
GBPNZD 900 points monthly range. Holly smokes, have to dig into this.
  • #372,206
  • Apr 16, 2014 2:16pm Apr 16, 2014 2:16pm
Quoting ruffryders
{quote} nice trade, congrats, you got solid reversal on H4. well done. {image}
i posted to you but you were caught up in the war of words lol cheers
  • #372,207
  • Apr 16, 2014 2:18pm Apr 16, 2014 2:18pm
Quoting ruffryders
{quote} nice trade, congrats, you got solid reversal on H4. well done. {image}
i like to trade off the turn over of the emas you can see entry , that were i find the safe trade, red over white is good night ,,lol see the chart
  • #372,208
  • Apr 16, 2014 2:18pm Apr 16, 2014 2:18pm
Quoting elbert3
{quote} i posted to you but you were caught up in the war of words lol cheers
yeah no no, that's appreciated for sure! I wasn't caught up bro, I'm already positioned elsewhere for now on (2-4 months).
I stick with GU LONGS, EG SHORT and some others.

Very good spotting though, keep it up!

Yous trading full-time?
  • #372,209
  • Apr 16, 2014 2:24pm Apr 16, 2014 2:24pm
Quoting ruffryders
{quote} yeah no no, that's appreciated for sure! I wasn't caught up bro, I'm already positioned elsewhere for now on (2-4 months). I stick with GU LONGS, EG SHORT and some others. Very good spotting though, keep it up! Yous trading full-time?
yes since nov 2013 dont need to , hooked, i like the game ?? lol , in between business at the moment , sold up and nothing to do, i posted before , demo is what you see live elsewhere but same trade same win same lose , regards
  • #372,210
  • Apr 16, 2014 2:33pm Apr 16, 2014 2:33pm
Quoting ruffryders
{quote} yeah no no, that's appreciated for sure! I wasn't caught up bro, I'm already positioned elsewhere for now on (2-4 months). I stick with GU LONGS, EG SHORT and some others. Very good spotting though, keep it up! Yous trading full-time?
usdjy is looking the same , i will let you know in the morning just as a matter of interest ,,
  • #372,211
  • Apr 16, 2014 2:36pm Apr 16, 2014 2:36pm
Quoting elbert3
{quote} usdjy is looking the same , i will let you know in the morning just as a matter of interest ,,
yeah I see what you mean, tight range 20-30 area, however MP @ 102.75, could act as a price magnet. Direction of the breakout unclear.
  • #372,212
  • Apr 16, 2014 6:37pm Apr 16, 2014 6:37pm
Quoting Trader88q
{quote} Oh! if i would be maried my wife would kill me if i would trade in forex girls hate when we do that. even my gf dont know that i trade cause i know her sick reaction on that. at the first year of trading i lost about 2000 euros and the after she asked me about my finances before summer holidays that was something special. but i didnt told her now is the 3rd year and i returned my 73% so my total results during 3 years -27% profit. i thing forex is profitable bussiness easy loose and hard ear. the good...
Well yes, I came across the same resistance from my Girlfriend/now wife.
Funny though, I just wonder, if I was pulling 6 or 7 figures out of the market each year, I doubt there would be an issue, lol...
After nearly 4 years, I have worn her down and she now accepts it.
My job is now to keep the peace and contribute (where I can) to our relationship.

Kind of like this forum I guess
Come with me if you want to live....
  • #372,213
  • Apr 16, 2014 6:39pm Apr 16, 2014 6:39pm
Quoting ruffryders
{quote} yeah I see what you mean, tight range 20-30 area, however MP @ 102.75, could act as a price magnet. Direction of the breakout unclear.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #372,214
  • Apr 16, 2014 6:56pm Apr 16, 2014 6:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 50 KB
food for thought
  • #372,215
  • Apr 16, 2014 7:22pm Apr 16, 2014 7:22pm
Fukc
Come with me if you want to live....
  • #372,216
  • Apr 16, 2014 7:23pm Apr 16, 2014 7:23pm
what happen!!!
  • #372,217
  • Apr 16, 2014 7:26pm Apr 16, 2014 7:26pm
gbp is in a bubble. wonder when will gbp and the stockmarket come back to reality.
  • #372,218
  • Apr 16, 2014 7:29pm Apr 16, 2014 7:29pm
15 or so pips over the top is totally standard for a corrective move. Much more and it's probably trend
  • #372,219
  • Apr 16, 2014 7:33pm Apr 16, 2014 7:33pm
oopps just passed 6821 ,anything can happen with the AU news or Kuroda may be
  • #372,220
  • Apr 16, 2014 7:36pm Apr 16, 2014 7:36pm
im looking at 6845 now
GELORE
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