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Cable Update (GBPUSD)

  • #374,201
  • Apr 30, 2014 3:18am Apr 30, 2014 3:18am
Quoting elbert3
{quote} morning navin,, fingers crossed mate ,, regards E still holding 3 shorts, the overnight trade pays for the losing at this time but it will come back down,, ?? hopefully

morning guys, this is a good start..its better than breaking the high of yesterday heading into the news..
  • #374,202
  • Apr 30, 2014 3:18am Apr 30, 2014 3:18am
Quoting Davit
{quote} Hi HDA You picked my worst posts.I am generally calm and collected.No issues with anyone. Glad to see you back. Nice interest collecting on GU Regards
@Davit:



HDA OUT
  • #374,203
  • Apr 30, 2014 3:23am Apr 30, 2014 3:23am
I suppose I need to be less mischievous with you

If you read my post completely you will notice:

FOMC

The most important issue sorry buddy I have a bit of a different sense of humour

The message remains the same...

Quoting petetong
let's agree to disagree - it really doesn't...ADP is a discredited forecast that has wild fluctuations in any accuracy. {quote}
  • #374,204
  • Apr 30, 2014 3:25am Apr 30, 2014 3:25am
this is risky short 6819 hoping that the 100 200 on the 5 min holds it sl manage,,,,,sl 826
  • #374,205
  • Apr 30, 2014 3:32am Apr 30, 2014 3:32am
Quoting elbert3
{quote} {image}{image} this is the before chart already posted i took 60 pips yesterday and going short again , on the possible break of the 200
tp now is on the middle target 137211
  • #374,206
  • Apr 30, 2014 3:35am Apr 30, 2014 3:35am
Quoting elbert3
this is risky short 6819 hoping that the 100 200 on the 5 min holds it sl manage,,,,,sl 826
locked in free trade plus come on gb
  • #374,207
  • Apr 30, 2014 3:37am Apr 30, 2014 3:37am
So on to the business side of chart levels

GU Daily

Last candle invalid
Price stands above the 200 & 50 sma's - technical up-trend - (up sideways as always)
Options barrier - 1.6850 Resistance has had one poke - but price has closed below
The hard floor for now is 1.675 and 1.666 support

GU is entering overbought territory but there is room North

Indies
RSI - 61 (bullish) and supported above 58.5 - divergence is creeping in
Stochs - what a mess - dropping below the signal line and hinting at a pull-back

Fundies

Two themes - GBP economic expansion 3% -> shouldn't interest rates be increased sooner than mid 2015? - Carney says no the market doesn't believe him - yet
US - widespread signs of economic recovery - FOMC continues to taper

Both central bankers say that the jobs number isn't as interesting as it was.... Forward guidance will now look at the broader economic environment - rates will remain accommodative for an extended period of time - So our conundrum who blinks first - Yellen or Carney?

Chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 32 KB
  • #374,208
  • Apr 30, 2014 3:39am Apr 30, 2014 3:39am
Quoting elbert3
{quote} locked in free trade plus come on gb
short 6812 sl 6817 give it a go
  • #374,209
  • Apr 30, 2014 3:43am Apr 30, 2014 3:43am
eur break 3758 then is down broke away from the 200 4 hour chart
  • #374,210
  • Apr 30, 2014 3:47am Apr 30, 2014 3:47am
in this moment - horrible lol
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 144 KB
it's all gone a bit........
  • #374,211
  • Apr 30, 2014 3:50am Apr 30, 2014 3:50am
Quoting petetong
in this moment - horrible lol {image}
moving sl till the 30 min candle closes there a fight there
  • #374,212
  • Apr 30, 2014 3:54am Apr 30, 2014 3:54am
Looks FX DIED for EVER. LOW deadlly volatility is not a random event its getting like a rule.
Traders ! WTF is going on this year this this market i dont get? Since 2009 GU was moving and up and down by 1000 pips and returnet back.
This year only 250 pips per 4 months? WTF !!!!!! Maybe the best days in FX has gone? Cause I see that capital gone somewhere in unknown direction but certainlly not in FX
  • #374,213
  • Apr 30, 2014 3:56am Apr 30, 2014 3:56am
Quoting petetong
If you mean U.s's NFP - that is not today it is Friday...today is the ADP NFP forecast at 1315pm Uk time....Main U.s data today is Q1 GDP. best wishes

Hero calls followed by margin calls...
  • #374,214
  • Apr 30, 2014 3:58am Apr 30, 2014 3:58am
Quoting Trader88q
Looks FX DIED for EVER. LOW deadlly volatility is not a random event its getting like a rule. Traders ! WTF is going on this year this this market i dont get? Since 2009 GU was moving and up and down by 1000 pips and returnet back. This year only 250 pips per 4 months? WTF !!!!!! Maybe the best days in FX has gone? Cause I see that capital gone somewhere in unknown direction but certainlly not in FX
this is just a bubble that gonna explode at some time... be patient. Switch to GPY/JPY if you want to trade the pound and vola.

Me personally sold the middle here... lets see time will tell

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_h1_300414.png Size: 36 KB
Hero calls followed by margin calls...
  • #374,215
  • Apr 30, 2014 4:01am Apr 30, 2014 4:01am
Quoting Trader88q
Looks FX DIED for EVER. LOW deadlly volatility is not a random event its getting like a rule. Traders ! WTF is going on this year this this market i dont get? Since 2009 GU was moving and up and down by 1000 pips and returnet back. This year only 250 pips per 4 months? WTF !!!!!!
Yep absolutely right. It's amazing how the average trading volume has changed over the last few years - certainly half and on some days almost one third of what it was. After London open, we could rely upon a good few 5 min candles with OC moves of 15 pips. Here we are this morning struggling with 1-5 pips. So we need to be dynamic and adapt - systems, strategies and most importantly, behaviour! It can still work. Rgds, Angus
  • #374,216
  • Apr 30, 2014 4:06am Apr 30, 2014 4:06am
Quoting adc
{quote} Yep absolutely right. It's amazing how the average trading volume has changed over the last few years - certainly half and on some days almost one third of what it was. After London open, we could rely upon a good few 5 min candles with OC moves of 15 pips. Here we are this morning struggling with 1-5 pips. So we need to be dynamic and adapt - systems, strategies and most importantly, behaviour! It can still work. Rgds, Angus

forex is definitely different
  • #374,217
  • Apr 30, 2014 4:08am Apr 30, 2014 4:08am
Quoting whitescalper
went long on Gu 1.6812 sl 1.6804 {image}
closed it at 6821
  • #374,218
  • Apr 30, 2014 4:09am Apr 30, 2014 4:09am
Quoting nAVIN2007
{quote} forex is definitely different
I doubt it. Maybe you need to re engineer your trade method and criteria s cause It shouldn't be static. Do a SYSTEM AUDIT.
  • #374,219
  • Apr 30, 2014 4:09am Apr 30, 2014 4:09am
how strong the bulls now ?
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 96 KB
it's all gone a bit........
  • #374,220
  • Apr 30, 2014 4:11am Apr 30, 2014 4:11am
Quoting Trader88q
Looks FX DIED for EVER. LOW deadlly volatility is not a random event its getting like a rule. Traders ! WTF is going on this year this this market i dont get? Since 2009 GU was moving and up and down by 1000 pips and returnet back. This year only 250 pips per 4 months? WTF !!!!!! Maybe the best days in FX has gone? Cause I see that capital gone somewhere in unknown direction but certainlly not in FX
@Trader88q:

Phanti is correct.


Quoting PhAnTi'
{quote} this is just a bubble that gonna explode at some time... be patient

HDA OUT
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