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Cable Update (GBPUSD)

  • #376,341
  • May 7, 2014 8:14am May 7, 2014 8:14am
Hey Everybody! I got a question for yu'all. Is there any truth about this new U.S. Law going into effect on July 1st? Will it really cause the good ol' dollar to just shrivel up & die? Here's one of the articles I've been reading..http://www.wealthreporter.com/sa/fed...rcode=PPSIQ514

What does everyone one else think????
  • #376,342
  • May 7, 2014 8:16am May 7, 2014 8:16am
If Yellen is good news then short, if it is bad then long.
I feel it will be good so am short...
  • #376,343
  • May 7, 2014 8:18am May 7, 2014 8:18am
Here's a news comment from Investing.com:
http://www.investing.com/news/forex-...-dollar-282527
  • #376,344
  • May 7, 2014 8:20am May 7, 2014 8:20am
After AUDUSD, another descending trend channel formation in Major. This time it is on GBPUSD.
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  • #376,345
  • May 7, 2014 8:32am May 7, 2014 8:32am
Quoting JimmyC
{quote} Apparently you have some time, granny is on in an hour and a half (I've set a time expiry and auto-close on the short in 1H) {image} DX 1H {image}
Out +4

Not worth the bother

Lets get the pop-corn out and get comfy
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  • #376,346
  • May 7, 2014 8:36am May 7, 2014 8:36am
Quoting HDA
Good Morning Forex Factory Member and Guests There is market talk about a pull back to 1.6900 to fill the bids to then go long for 1.7043 Lets See What Happen HDA OUT

Yep willing to long 16890 up to 17230 but i think we could get up too 17124 then pullback too 1.6890 then 172.30

Either way I'm longing 168.90 all the way too 17230 then I am short for a few hundred pips
  • #376,347
  • May 7, 2014 8:39am May 7, 2014 8:39am
Quoting JimmyC
{quote} Out +4 Not worth the bother Lets get the pop-corn out and get comfy {image}
Ghost Rider - WWTBMD?
  • #376,348
  • May 7, 2014 8:39am May 7, 2014 8:39am
30pip in 16hr..oohhh boy
Attached Image
GELORE
  • #376,349
  • May 7, 2014 8:55am May 7, 2014 8:55am
Elliott Wave analysis from HSBC. A triple zigzag with bearish implications.
Now let's see what granny Yellen says
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  • #376,350
  • May 7, 2014 8:57am May 7, 2014 8:57am
Love the cartoon musani!
  • #376,351
  • May 7, 2014 8:58am May 7, 2014 8:58am
Quoting musani
30pip in 16hr..oohhh boy {image}
That picture reminds me of where the idea for the first switching yard came from.
Ghost Rider - WWTBMD?
  • #376,352
  • May 7, 2014 8:58am May 7, 2014 8:58am
.
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  • #376,353
  • May 7, 2014 9:05am May 7, 2014 9:05am
DX Breakout

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GU about to break?

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  • #376,354
  • May 7, 2014 9:05am May 7, 2014 9:05am
Quoting mr.stjoeguy
Love the cartoon musani!
waitting for direction​
GELORE
  • #376,355
  • May 7, 2014 9:07am May 7, 2014 9:07am
Yellen Prepared Testimony

http://www.federalreserve.gov/newsev...n20140507a.htm
  • #376,356
  • May 7, 2014 9:08am May 7, 2014 9:08am
$SPX wiseguys going short
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  • #376,357
  • May 7, 2014 9:09am May 7, 2014 9:09am
9:30amUSDCrude Oil Inventories
All we need now is positive oil inventories I guess to continue to help drive the GBP/USD down....
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  • #376,358
  • May 7, 2014 9:09am May 7, 2014 9:09am
FTSE 1H

Short
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  • #376,359
  • May 7, 2014 9:14am May 7, 2014 9:14am
euro up cable down - anyone's guess
  • #376,360
  • May 7, 2014 9:15am May 7, 2014 9:15am
A little dropping on GJ and UJ. Not much moving on GU yet. Come on granny Yellen .... start yelling....something.
Ghost Rider - WWTBMD?
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