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Cable Update (GBPUSD)

  • #375,761
  • May 5, 2014 4:53am May 5, 2014 4:53am
Quoting albchr
{quote} Might even reach it today ... Long wait for 18 pips...eh?
I may push the boat out and go for 40
  • #375,762
  • May 5, 2014 4:54am May 5, 2014 4:54am
Attached Image (click to enlarge)
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price looks to be getting back into the tl target the X , need to break the 100 blue line ,, then 6802
  • #375,763
  • May 5, 2014 4:57am May 5, 2014 4:57am
Quoting GDR3k
{quote} I may push the boat out and go for 40
I don't have a TP set for it. But 40? Unless NY feels like playing today, that could take 3 to 4 times longer than waiting for the order to get has.
Ghost Rider - WWTBMD?
  • #375,764
  • May 5, 2014 5:37am May 5, 2014 5:37am
1.6845 and 1.6830 can become strong support for the GBPUSD.
Attached Image (click to enlarge)
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  • #375,765
  • May 5, 2014 10:36am May 5, 2014 10:36am
1 more short 6868, same as this morning 20 pips
  • #375,766
  • May 5, 2014 10:39am May 5, 2014 10:39am
Quoting elbert3
1 more short 6868, same as this morning 20 pips
Hi Why the Thread is silent since 4 hrs?
  • #375,767
  • May 5, 2014 10:58am May 5, 2014 10:58am
Quoting Dr.Zain
{quote} Hi Why the Thread is silent since 4 hrs?
Just a guess but.....ummmm.... not much to talk about today?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 48 KB
Ghost Rider - WWTBMD?
  • #375,768
  • May 5, 2014 12:01pm May 5, 2014 12:01pm
GU 1H

Low volatility session, bearish bias despite the dollar not really moving hmm
Retracement should continue under normal circumstances but this security is very bullish
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1H.png Size: 34 KB


$DX 1H

This is when it gets interesting.... As the GU trends bearish so does the DX - break in inverse correlation with GU weakening most by %
Attached Image (click to enlarge)
Click to Enlarge Name: DX 1h.png Size: 19 KB
  • #375,769
  • May 5, 2014 12:04pm May 5, 2014 12:04pm
Quoting albchr
{quote} not much to talk about today? {image}
But I am sure Sterling is watching...
Attached Image
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #375,770
  • May 5, 2014 12:12pm May 5, 2014 12:12pm
Quoting JimmyC
GU 1H Low volatility session, bearish bias despite the dollar not really moving hmm Retracement should continue under normal circumstances but this security is very bullish {image} $DX 1H This is when it gets interesting.... As the GU trends bearish so does the DX - break in inverse correlation with GU weakening most by % {image}
Interesting for sure Jimmy. I'm not laying any trades on it (yet) but, I "suspect" we'll see some dollar rebound and GBP fall off this week and maybe next week for a bit of GU retrace and then BOOM! The trend continues.
Ghost Rider - WWTBMD?
  • #375,771
  • May 5, 2014 12:13pm May 5, 2014 12:13pm
Quoting 45Condor
{quote} But I am sure Sterling is watching... {image}
LOL... just waiting to pounce you think?
Ghost Rider - WWTBMD?
  • #375,772
  • May 5, 2014 12:21pm May 5, 2014 12:21pm
Quoting albchr
{quote} LOL... just waiting to pounce you think?
yes 10,20,50,100 nearly all together now on the 1 hour 50 on top could see a biggish move down ???
  • #375,773
  • May 5, 2014 12:30pm May 5, 2014 12:30pm
Quoting elbert3
{quote} yes 10,20,50,100 nearly all together now on the 1 hour 50 on top could see a biggish move down ???
I think so Elbert. Lot of compression on many ma's & TF's now. Something's gonna POP soon me thinks. As for direction? I "think" down but I'll let price tell me as usual. Because what I think, don't mean stink.
Ghost Rider - WWTBMD?
  • #375,774
  • May 5, 2014 12:33pm May 5, 2014 12:33pm
Quoting albchr
{quote} I think so Elbert. Lot of compression on many ma's & TF's now. Something's gonna POP soon me thinks. As for direction? I "think" down but I'll let price tell me as usual. Because what I think, don't mean stink.
trade with conviction and confidence 6834 lol here we go gl
  • #375,775
  • May 5, 2014 12:36pm May 5, 2014 12:36pm
Quoting elbert3
{quote} trade with conviction and confidence 6834 lol here we go gl
LOL... for scalping...yes. For longer term trades, I'm aggressive, not stupid (most times anyway)
Ghost Rider - WWTBMD?
  • #375,776
  • May 5, 2014 12:38pm May 5, 2014 12:38pm
Quoting albchr
{quote} I think so Elbert. Lot of compression on many ma's & TF's now. Something's gonna POP soon me thinks. As for direction? I "think" down but I'll let price tell me as usual. Because what I think, don't mean stink.
usd cad looks good trade short 200 pips ?
  • #375,777
  • May 5, 2014 12:40pm May 5, 2014 12:40pm
Quoting albchr
{quote} LOL... just waiting to pounce you think?
Not sure about the pounce... maybe just paw a little.

I wouldn't be surprised to see Cable have a push south tomorrow around the PMI data (assuming the figure is reasonable) - the time of the day is just right for London to mess around with the session - before the true direction is revealed. The problem with this is that I think a lot of traders are long, in anticipation of the 1.69 level, and so perhaps London will chase stops a little harder than usual, before heading north.

Of course, if the figure is poor, I'm calling for a drop onto the MP.

...and just for dreams, imagine if Carney raises rates on Thursday! I think I'd throw my whole account long.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #375,778
  • May 5, 2014 12:40pm May 5, 2014 12:40pm
Quoting elbert3
{quote} trade with conviction and confidence 6834 lol here we go gl
trade with conviction and confidence 6834 lol here we go lol .....again regards
  • #375,779
  • May 5, 2014 12:41pm May 5, 2014 12:41pm
Quoting albchr
{quote} Interesting for sure Jimmy. I'm not laying any trades on it (yet) but, I "suspect" we'll see some dollar rebound and GBP fall off this week and maybe next week for a bit of GU retrace and then BOOM! The trend continues.
Punters are 75% short the last hour 62% have started buying, funny that
  • #375,780
  • May 5, 2014 12:48pm May 5, 2014 12:48pm
Quoting 45Condor
{quote} Not sure about the pounce... maybe just paw a little. I wouldn't be surprised to see Cable have a push south tomorrow around the PMI data (assuming the figure is reasonable) - the time of the day is just right for London to mess around with the session - before the true direction is revealed. The problem with this is that I think a lot of traders are long, in anticipation of the 1.69 level, and so perhaps London will chase stops a little harder than usual, before heading north. Of course, if the figure is poor, I'm calling for a drop onto...
I agree with all of it. As far as Carney raising rates? That takes some heavy imagination but wouldn't it be nice.
Ghost Rider - WWTBMD?
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