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Cable Update (GBPUSD)

  • #376,201
  • May 6, 2014 9:57pm May 6, 2014 9:57pm
by end of week, expecting price back to 87ish level forming a head and shoulder on h4. strengthened greenback
  • #376,202
  • May 6, 2014 10:26pm May 6, 2014 10:26pm
AU/NU pullback won't last, shorters don't get overexcited.

AU 9300-9330 is a BUY.
  • #376,203
  • May 6, 2014 10:37pm May 6, 2014 10:37pm
Quoting albchr
{quote} Yeah.... or some good US news (that actually matters). I've been saying for a while that bad US news, the dollar drops. Good US news, the dollar drops. I hope (after HDA's exit at 7000) that changes?? Not holding my breath but the ole buck has just GOT to find some love .... eventually... LOL
Not sure my friend(s),

But we have some interesting levels upcoming with some old levels previously mentioned. Previous levels were targets. Last level is target and potential short level.

Including EU as it is relevant and came up in discussion. Price does not move in a straight line but these are important levels to me.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #376,204
  • May 6, 2014 10:37pm May 6, 2014 10:37pm
NU rejection and shooting star on daily will take NU meet .85
Equities open and promptly sell off
  • #376,205
  • May 6, 2014 10:40pm May 6, 2014 10:40pm
Quoting Mr. Scott
{quote} Not sure my friend(s), But we have some interesting levels upcoming with some old levels previously mentioned. Previous levels were targets. Last level is target and potential short level. Including EU as it is relevant and came up in discussion. Price does not move in a straight line but these are important levels to me. {image} {image}
Mr Scott, that's fair enough, it don't move in a straight line, but someone who's shorting this EU W1 chart is probably smoking crack.
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  • #376,206
  • May 7, 2014 12:10am May 7, 2014 12:10am
Quoting olimpia
London time NY.. will go up again. weak USDolar.. probably 1.72
Based on recent USD numbers its not weak.Lot of sell off was due to Ukraine crises and subsequent transfer of wealth to EZ and Yellen's dovish attitude.
Its obvious this is intentional.Keeping dollar weak benefits US economy and opposite effect on EZ and UK.
Probably lot more effect on EZ since their inflation is very low and high currency does not facilitate growth in stagnate recovering economy.
Keep in mind if Euro sinks to 36-35 next few months correlation effect will drag pound to 1.65-64 levels.
regards
In trading, you have to be defensive and aggressive at the same time
  • #376,207
  • May 7, 2014 12:54am May 7, 2014 12:54am
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  • #376,208
  • May 7, 2014 12:55am May 7, 2014 12:55am
Quoting albchr
{quote} I've never traded EG before. Not sure I will either but even if I don't, I'll still watch it now. So you are a breakout trader?
I just like trends!
Anything is math!
  • #376,209
  • May 7, 2014 1:12am May 7, 2014 1:12am
EU down, EG down, GU crosses up, GU up. fine by me.
  • #376,210
  • May 7, 2014 2:02am May 7, 2014 2:02am
Morning i managed 10 on pp as i went to bed 10 plus and other short 10 - broker won with commission,, did not want to leave them open,, so ruff are we going to 719 this morning gl,, lets have a look regards
  • #376,211
  • May 7, 2014 2:08am May 7, 2014 2:08am
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aggressive short 6974 as the red bear candle closers sl on the last high breaking away from the 20 looking for a cross over red over white ,, good night,
  • #376,212
  • May 7, 2014 2:12am May 7, 2014 2:12am
Quoting Mr. Scott
{quote} Not sure my friend(s), But we have some interesting levels upcoming with some old levels previously mentioned. Previous levels were targets. Last level is target and potential short level. Including EU as it is relevant and came up in discussion. Price does not move in a straight line but these are important levels to me. {image} {image}
Morning Scott,

All hypotheticals to me there about the dollar finding some love...lol. I'm still bullish as heck on GU and think 7040 will end up being nothing more than a speed bump in the road on the way to 7190 and higher. I'm just wishing for better prices to buy at. These two baby short scalps I hold, while I hope (of course) give me some pips, are not intended thinking we have a reversal coming here anytime soon. In fact I may just cut them all together here soon.

Tough level for me and my margin to buy at "in case" we fall off a bit before heading north. But as I wake up and see the lower TF charts, I think she may just climb from here.
Ghost Rider - WWTBMD?
  • #376,213
  • May 7, 2014 2:12am May 7, 2014 2:12am
Of course the break is coming, but may have to wait till 1230GMT before any major moves"
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  • #376,214
  • May 7, 2014 2:13am May 7, 2014 2:13am
Morning traders.

Anyone got ideas, what's up on GBPJPY? I kinda don't like 173 multiple rejections.

For sustained GU move towards 7200-7400, this sucker gotta break above 173 soon.
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  • #376,215
  • May 7, 2014 2:13am May 7, 2014 2:13am
Quoting elbert3
{image} aggressive short 6974 as the red bear candle closers sl on the last high breaking away from the 20 looking for a cross over red over white ,, good night,
shi...t rushed in ..flip it long to 1719,, i am in ruffs camp
  • #376,216
  • May 7, 2014 2:15am May 7, 2014 2:15am
Quoting Kajos2250
{quote} I just like trends!
Morning Kajos2250,

Is EUR/GBP a trending pair to you?
Ghost Rider - WWTBMD?
  • #376,217
  • May 7, 2014 2:16am May 7, 2014 2:16am
Quoting Danny Maina
Of course the break is coming, but may have to wait till 1230GMT before any major moves" {image}
yes bring it!
Attached Image
  • #376,218
  • May 7, 2014 2:18am May 7, 2014 2:18am
GU longs, don't forget to bring your pip bags with you.
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  • #376,219
  • May 7, 2014 2:20am May 7, 2014 2:20am
Quoting ruffryders
morning traders. Anyone got ideas, what's up on gbpjpy? I kinda don't like 173 multiple rejections. For sustained gu move towards 7200-7400, this sucker gotta break above 173 soon. {image}
i have the day long,, 4,1,h,30min 15 min all showing short ..
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the yellow 50 is trying to top the other 2 price needs to touch one of the emas for a entry ,,,
  • #376,220
  • May 7, 2014 2:21am May 7, 2014 2:21am
Quoting ruffryders
Morning traders. Anyone got ideas, what's up on GBPJPY? I kinda don't like 173 multiple rejections. For sustained GU move towards 7200-7400, this sucker gotta break above 173 soon. {image}
Geppy is the only major position trade with a technical setup
This chart has been doing the rounds for weeks now, its unfortunately showing signs of a failed pattern on the J - side

Entry is a daily close above 173 with retest, thereafter... ladders and hold 4-6 month trade
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