Cable Update (GBPUSD) | Page 18786 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #375,701
  • May 4, 2014 8:21pm May 4, 2014 8:21pm
Quoting elbert3
{quote} hi jim i can get the same number 61% {image}
lol, do you know that 0.382 + 0.618 = 1 ? And 0.618 X 0.618 = 0.382?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #375,702
  • May 4, 2014 11:15pm May 4, 2014 11:15pm
Quoting veer2010
I'm back guys.. London desk gonna sell Pound today so I wish good luck to you to earn few pips. cheers
Veer its been a long time, glad to see you back on and giving the desk signals! I know you probably get shot down a lot but who doesnt on ff! Anyways, hope you are alive and doing well!
All posts are my personal opinion
  • #375,703
  • May 5, 2014 12:12am May 5, 2014 12:12am
Quoting Rtm
{quote} Veer its been a long time, glad to see you back on and giving the desk signals! I know you probably get shot down a lot but who doesnt on ff! Anyways, hope you are alive and doing well!
yeah, what London desk?

Quote
All DayGBPBank Holiday
  • #375,704
  • May 5, 2014 12:20am May 5, 2014 12:20am
Quoting ruffryders
{quote} yeah, what London desk? {quote}

Ha Ha
  • #375,705
  • May 5, 2014 12:32am May 5, 2014 12:32am
Quoting albchr
{quote} Hi Jimmy, hope you had a nice weekend. You think that far a pullback? That would be nice if so.
Yeah Chris, weekend was good tx.

Chinese PMI wasn't too hot -> long Dollar vs Yuan (Short AUD ->)
Ukraine is a problem things have escalated and war is imminent (either civil or regional escalation) buy the rumour - > long Gold watch JPY crosses for JPY strength
BOE -> interest rate decision (flat) but colour of the transcript, what hints about rates rising?

GBP Technically due to retrace for continuation to 1.7 area, so I'm note bearish but expect retrace.


The NFP report
- Headline numbers seem like a big beat 288K jobs added, unemployment falling to 6.3%

BUT

The NON-PARTICIPATION RATE 800K people left the workforce the number you didn't see (or notice).

So there isn't really a sign of broad based economic recovery in the US
$SPX / $DOW / $- Showing a turn south

Risk-off
  • #375,706
  • May 5, 2014 1:15am May 5, 2014 1:15am
Quoting JimmyC
{quote} Yeah Chris, weekend was good tx. Chinese PMI wasn't too hot -> long Dollar vs Yuan (Short AUD ->) Ukraine is a problem things have escalated and war is imminent (either civil or regional escalation) buy the rumour - > long Gold watch JPY crosses for JPY strength BOE -> interest rate decision (flat) but colour of the transcript, what hints about rates rising? GBP Technically due to retrace for continuation to 1.7 area, so I'm note bearish but expect retrace. The NFP report - Headline numbers seem like a big beat 288K jobs added, unemployment...
Jimmy, LONG GOLD seems like a legit plan. hower, mind this info. Hedge Funds Cut Gold Bets to 11-Week Low on U.S. Growth
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
  • #375,707
  • May 5, 2014 1:23am May 5, 2014 1:23am
Quoting danc
{quote} Ha Ha
today london desk probably party out.
Attached Image
  • #375,708
  • May 5, 2014 1:27am May 5, 2014 1:27am
Quoting ruffryders
{quote} Jimmy, LONG GOLD seems like a legit plan. hower, mind this info. Hedge Funds Cut Gold Bets to 11-Week Low on U.S. Growth {image}
Yep, don't trust it yet but having a nibble anyway,

Falling wedge - breakout to the top / if it consolidates here or moves up could have targets 1350 / 1390 for the upside scenario -> relies on safe-haven green for now but far from a well - away trade

  • #375,709
  • May 5, 2014 1:27am May 5, 2014 1:27am
Gidday Traders

Great movie

Really laughed my ass off all the way through

The Wolf of wall street
  • #375,710
  • May 5, 2014 1:31am May 5, 2014 1:31am
Quoting eliteincome
Gidday Traders Great movie Really laughed my ass off all the way through The Wolf of wall street
Bad man, looked like fun! -> things are harder now...
  • #375,711
  • May 5, 2014 1:56am May 5, 2014 1:56am
Quoting JimmyC
{quote} Yep, don't trust it yet but having a nibble anyway, Falling wedge - breakout to the top / if it consolidates here or moves up could have targets 1350 / 1390 for the upside scenario -> relies on safe-haven green for now but far from a well - away trade
Attached Image (click to enlarge)
Click to Enlarge Name: g5.png Size: 100 KB
morning jim,, the emas are saying long,,but the price is far away from the 20 ema,, 1, get to 1315 then pull back to confirm 2,, price does not break the doji comes back to the 10 ema white then confirms long,, either way play small lot till confirm the load up,, gl
  • #375,712
  • May 5, 2014 1:58am May 5, 2014 1:58am
Quoting elbert3
{quote} {image} morning jim,, the emas are saying long,,but the price is far away from the 20 ema,, 1, get to 1315 then pull back to confirm 2,, price does not break the doji comes back to the 10 ema white then confirms long,, either way play small lot till confirm the load up,, gl
Yes, need to be careful with this one, its a counter trend call, so always careful
  • #375,713
  • May 5, 2014 2:02am May 5, 2014 2:02am
Quoting JimmyC
{quote} Yeah Chris, weekend was good tx. Chinese PMI wasn't too hot -> long Dollar vs Yuan (Short AUD ->) Ukraine is a problem things have escalated and war is imminent (either civil or regional escalation) buy the rumour - > long Gold watch JPY crosses for JPY strength BOE -> interest rate decision (flat) but colour of the transcript, what hints about rates rising? GBP Technically due to retrace for continuation to 1.7 area, so I'm note bearish but expect retrace. The NFP report - Headline numbers seem like a big beat 288K jobs added, unemployment...
Yeah I'm expecting the retrace but wasn't thinking quite that deep. Appreciate the info on your view brother.

And it was 806k that left the workforce that nobody heard about...... ... Gotta love them "fuzzy" numbers and the models used to get them...eh? LOL
Ghost Rider - WWTBMD?
  • #375,714
  • May 5, 2014 2:03am May 5, 2014 2:03am
Quoting JimmyC
{quote} Yes, need to be careful with this one, its a counter trend call, so always careful
two reversal sticks on W1 @ 50 fibo sufficient techs to go LONG GOLD. it's a safe ride for 1350 and then can take a chance 1385
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
  • #375,715
  • May 5, 2014 2:08am May 5, 2014 2:08am
Quoting ruffryders
{quote} two reversal sticks on W1 @ 50 fibo sufficient techs to go LONG GOLD. it's a safe ride for 1350 and then can take a chance 1385 {image}
Im I took it long JSE:J ANG for the main with a very small XAUUSD -> just to monitor
  • #375,716
  • May 5, 2014 2:09am May 5, 2014 2:09am
Quoting albchr
{quote} Yeah I'm expecting the retrace but wasn't thinking quite that deep. Appreciate the info on your view brother. And it was 806k that left the workforce that nobody heard about...... ... Gotta love them "fuzzy" numbers and the models used to get them...eh? LOL
I think its a bit unfair to the guys that don't know they should be looking at all the data and get caught by the headlines -> Why not to trade on NFP

*hope lessons were learnt*
  • #375,717
  • May 5, 2014 2:10am May 5, 2014 2:10am
Quoting JimmyC
{quote} Im I took it long JSE:J ANG for the main with a very small XAUUSD -> just to monitor
Jimmy, you should be in good shape. 1290 is also QP on gold, so 2 W1 reversal sticks @ QP and psych level (1300) - good enough to LONG in my books.
  • #375,718
  • May 5, 2014 2:11am May 5, 2014 2:11am
Quoting JimmyC
{quote} I think its a bit unfair to the guys that don't know they should be looking at all the data and get caught by the headlines -> Why not to trade on NFP *hope lessons were learnt*
clearly NFP was manipulated to allow the grand ma fed chairwoman proceed ahead with trimming of the QE + to make her/her buddy Blablama look good.
  • #375,719
  • May 5, 2014 2:15am May 5, 2014 2:15am
Quoting JimmyC
{quote} I think its a bit unfair to the guys that don't know they should be looking at all the data and get caught by the headlines -> Why not to trade on NFP *hope lessons were learnt*
I agree but then .... what is it they say? People are cruel, Life is tough and the Market is the mother of all Evil.
Ghost Rider - WWTBMD?
  • #375,720
  • May 5, 2014 2:18am May 5, 2014 2:18am
Quoting ruffryders
{quote} clearly NFP was manipulated to allow the grand ma fed chairwoman proceed ahead with trimming of the QE + to make her/her buddy Blablama look good.
Morning Ruff, NOOOO....say it isn't so. Manipulated NFP?? Why I can't believe that!!

And not even that will make O-Bla-Bla look good...
Ghost Rider - WWTBMD?
289 traders viewing now, 1 is registered:
luisinho