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Cable Update (GBPUSD)

  • #376,081
  • May 6, 2014 9:38am May 6, 2014 9:38am
Attached Image (click to enlarge)
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the step ups were getting smaller and smaller
  • #376,082
  • May 6, 2014 9:39am May 6, 2014 9:39am
Quoting Davit
{quote} HDA Just wanted to say you buying GU at 1.48 (some were throwing numbers like 1.30's)at the time was weak hence you were buying weakness so you were counter trading. How is that same principle can't be applied to going long on USD when obviously its pretty weak now. regards
@Davit:

We will all see the market differently if 10 of us were to look at the same chart. As you correctly said, some saw weakness, I saw trending.

HDA OUT
  • #376,083
  • May 6, 2014 9:40am May 6, 2014 9:40am
Quoting elbert3
{image} the step ups were getting smaller and smaller
113pip ADR that's already way more then usual.Last 20 days 52pips
In trading, you have to be defensive and aggressive at the same time
  • #376,084
  • May 6, 2014 9:43am May 6, 2014 9:43am
Quoting HDA
{quote} @Davit: We will all see the market differently if 10 of us were to look at the same chart. As you correctly said, some saw weakness, some saw trending. HDA OUT
Exactly what I was hinting.Every trend comes to an end.What others see weakness some see as opertunity.
Like shorting Euro at these levels to me.

"I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms."

Paul Tudor Jones
In trading, you have to be defensive and aggressive at the same time
  • #376,085
  • May 6, 2014 9:45am May 6, 2014 9:45am
Quoting albchr
{quote} Awwwww..... and here I thought you were a fellow trucker and that was just CB speak....
@albchr:



HDA OUT
  • #376,086
  • May 6, 2014 9:48am May 6, 2014 9:48am
Quoting HDA
{quote} @albchr: HDA OUT
Sorry ...
Ghost Rider - WWTBMD?
  • #376,087
  • May 6, 2014 9:48am May 6, 2014 9:48am
Quoting Davit
{quote} Exactly what I was hinting.Every trend comes to an end.What others see weakness some see as opertunity. Like shorting Euro at these levels.
@Davit:

You always have traded your plan. If others don't see what you see, the market will show them. And sometimes I may not see what others see and the market will show me.

HDA OUT
  • #376,088
  • May 6, 2014 10:03am May 6, 2014 10:03am
Score board GU

Attached Image


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  • #376,089
  • May 6, 2014 10:06am May 6, 2014 10:06am
this is what I see: offers toward 7000 kicking in in this moment,

6995 daily high
6997 weekly R2/monthly R1 pivot
to 7039 former monthly swing high
7077 weekly R3 pivot
7122 monthly R2 pivot
to 7200 former monthly swing low (former support that has acted as resistance re above swing high)
7322 50% 2.1162-1.3505
7345 monthly R3 pivot

best wishes
it's all gone a bit........
  • #376,090
  • May 6, 2014 10:06am May 6, 2014 10:06am
GU - 30M

Let's see where she goes. This could be the wind up needed for a final push north today?
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #376,091
  • May 6, 2014 10:07am May 6, 2014 10:07am
Could this be it, the bears, ................the bears hug me please
I wish I could time travel, I'd be "very" rich
  • #376,092
  • May 6, 2014 10:09am May 6, 2014 10:09am
Quoting Ryan3645
Could this be it, the bears, ................the bears hug me please
Or profit taking 1h before london closing?
  • #376,093
  • May 6, 2014 10:09am May 6, 2014 10:09am
Quoting albchr
GU - 30M Let's see where she goes. This could be the wind up needed for a final push north today? {image}
@albchr:

1.6960 is likely

HDA OUT
  • #376,094
  • May 6, 2014 10:11am May 6, 2014 10:11am
Quoting Ryan3645
Could this be it, the bears, ................the bears hug me please
  • #376,095
  • May 6, 2014 10:13am May 6, 2014 10:13am
Quoting HDA
{quote} @albchr: 1.6960 is likely HDA OUT
6940 is my target but I'm not greedy. Still think she "may" have a little push left before either though. Let's see.
Ghost Rider - WWTBMD?
  • #376,096
  • May 6, 2014 10:13am May 6, 2014 10:13am
2014.05.06 17:28:19 GBP/USD - AZ REJECTED A GBP 63BN TAKEOVER BID FROM PFIZER ON FRIDAY, SECOND UK PARLIAMENT PANEL TO CALL PFIZER, AZ OVER BID


might be a reason?
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #376,097
  • May 6, 2014 10:13am May 6, 2014 10:13am
Quoting elbert3
no 1700, trust me my mothers a policeman ??
lets see how much we can get back,, HDA CAN YOU NOT SHARE NOW ????? IT IS CLOSE REGARDS E
  • #376,098
  • May 6, 2014 10:17am May 6, 2014 10:17am
Quoting elbert3
{quote} lets see how much we can get back,, hda can you not share now ????? It is close regards e
Attached Image (click to enlarge)
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use the step ups as s/r ste down STAY SHORT TILL CROSS OVER AGAIN
  • #376,099
  • May 6, 2014 10:17am May 6, 2014 10:17am
Sell or hold?
  • #376,100
  • May 6, 2014 10:17am May 6, 2014 10:17am
Quoting Davit
{quote} I see 1.40 as panic level as far as possible action by ECB or strong verbal announcement by Draghi.Either way I am not sweating. Current sell off of USD is overdone in my humble opinion considering latest numbers were green.I attribute this to Ukraine crises which is causing billions of Russian Ukrainian money flooding into Euro and Pound.EZ by itself does not warrant such numbers.Is it sustainable specially on Euro? Not under current fundamentals. Regards
Agreed...Patience is key
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