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Cable Update (GBPUSD)

  • #372,381
  • Apr 17, 2014 6:29am Apr 17, 2014 6:29am
it's OK, with all the bashers, haters, etc, it's not worthwhile posting in here I guess. I'll see you guys in 2-3 months, meanwhile will just update my own thread. Good luck!

PS: meanwhile, those who actually understand how yields effect FX market, you might want to check the relevant info here on US treasury yields.
http://www.bloomberg.com/news/2014-0...d-outlook.html
  • #372,382
  • Apr 17, 2014 7:09am Apr 17, 2014 7:09am
Quoting godim
You can try to buy a thin stop. {image}
The price reached the last line of defense. In this zone, anything can happen.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 190 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,383
  • Apr 17, 2014 7:15am Apr 17, 2014 7:15am
if it passes 6802 i am loading it to 6780
  • #372,384
  • Apr 17, 2014 7:33am Apr 17, 2014 7:33am
Quoting elbert3
if it passes 6802 i am loading it to 6780
6740,, 6737, then lucky,, 6683
  • #372,385
  • Apr 17, 2014 7:36am Apr 17, 2014 7:36am
GU out by +60pips 2 identical orders posted earlier last night
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 29 KB
In trading, you have to be defensive and aggressive at the same time
  • #372,386
  • Apr 17, 2014 7:36am Apr 17, 2014 7:36am
US data is good so it should go down.
  • #372,387
  • Apr 17, 2014 7:37am Apr 17, 2014 7:37am
Quoting godim
{quote} breakthrough? {image}
support?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15.gif Size: 49 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,388
  • Apr 17, 2014 7:38am Apr 17, 2014 7:38am
good place to close long waiting for a short signal ..
  • #372,389
  • Apr 17, 2014 7:39am Apr 17, 2014 7:39am
Quoting Nocturnes
Where is Ruffryders? {image} ---------------------------------- {image}
In trading, you have to be defensive and aggressive at the same time
  • #372,390
  • Apr 17, 2014 7:40am Apr 17, 2014 7:40am
Quoting DerekTrotter
good place to close long waiting for a short signal ..
hope your ok buddy
  • #372,391
  • Apr 17, 2014 7:45am Apr 17, 2014 7:45am
Quoting elbert3
{quote} hope your ok buddy
Cool - closed on 90 pips as near too waiting for a short which i think will come later on ..
  • #372,392
  • Apr 17, 2014 7:47am Apr 17, 2014 7:47am
Quoting Nocturnes
{image} ---------------------------------- {image}
Not laughing at the target ... just that freaking picture!!
Ghost Rider - WWTBMD?
  • #372,393
  • Apr 17, 2014 7:48am Apr 17, 2014 7:48am
Quoting smikester
{quote} {image}

‘Between 1997 and 2009, household debt as a share of GDP rose by a third. It has started to fall back since 2010, but remains at 98 per cent of GDP — leaving many families acutely vulnerable to any increase in interest rates. And government and household debt is dwarfed by the liabilities of the banking sector, which have reached a stunning 427 per cent of GDP. British banks are also massively exposed to the eurozone crisis, far more than most Continental ones. Add these three components together, and Britain’s liabilities are the largest in the EU’.

https://www.google.com/url?sa=t&rct=...IWNkJfMOHwr95Q


"The UK has $4.36 for each $1.00 of GDP. It owes hundreds of billions to Germany and Spain– while its banks are on the hook to Ireland, Italy and Portugal.
Spain owes $2.84 for every $1.00 of GDP– including large amounts to Germany and France. France comes close to Spain with $2.25 of debt for every $1.00 of GDP. Germany has $1.76 of debt for each $1.00 of GDP."
https://www.google.com/url?sa=t&rct=...vjFIcVxOd5arOA

On the other side, I've found that some says this % is much lower - around 75% . Honestly, I'm little confused but anyway, the second fundamental reason or probability about the reduction from SDR remains.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #372,394
  • Apr 17, 2014 7:49am Apr 17, 2014 7:49am
Quoting godim
{quote} support? {image}
No Loss of support.

Support from blue line? The level is 3838, after 12 min.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_m15.gif Size: 50 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,395
  • Apr 17, 2014 7:50am Apr 17, 2014 7:50am
Can we say GBPUSD is heading towards 1.6780 and 1.6740???
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 21 KB
  • #372,396
  • Apr 17, 2014 7:54am Apr 17, 2014 7:54am
Quoting Fx_Anil
Can we say GBPUSD is heading towards 1.6780 and 1.6740??? {image}
With positive green number on Philly manufacturing could do it.
10am
In trading, you have to be defensive and aggressive at the same time
  • #372,397
  • Apr 17, 2014 7:55am Apr 17, 2014 7:55am
Quoting Davit
{quote} With positive green number on Philly manufacturing could do it.
That is what exactly the market consensus is saying. Lets hope for better USD today.
  • #372,398
  • Apr 17, 2014 7:57am Apr 17, 2014 7:57am
Quoting Fx_Anil
{quote} That is what exactly the market consensus is saying. Lets hope for better USD today.
overall sentiment is negative on USD despite of latest green numbers including very green retail sales.
I attribute this to latest lame dovish statements from Yellen
In trading, you have to be defensive and aggressive at the same time
  • #372,399
  • Apr 17, 2014 8:04am Apr 17, 2014 8:04am
Quoting godim
{quote} The price reached the last line of defense. In this zone, anything can happen. {image}
The last line of defense.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: TABLICA_01.png Size: 18 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #372,400
  • Apr 17, 2014 8:11am Apr 17, 2014 8:11am
Quoting Davit
{quote} overall sentiment is negative on USD despite of latest green numbers including very green retail sales. I attribute this to latest lame dovish statements from Yellen
Which was also backed by minutes of recent FOMC meeting. Would like to see a plunge in USD, though, Fed wouldn't allow
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