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Cable Update (GBPUSD)

  • #376,641
  • May 8, 2014 6:20am May 8, 2014 6:20am
I have no fundies, no techs, just my gut. This just "feels" like suckering shorts to load up.
Ghost Rider - WWTBMD?
  • #376,642
  • May 8, 2014 6:21am May 8, 2014 6:21am
Quoting Mr. Scott
{quote} ab cd
Oh I see, I didn't know about that terminology, but I found it on the net AB = CD, right?

http://media.dailyfx.com/illustratio..._Picture_4.png

I know about that, of course, but under another terminology: external projections or external retracements.
The 100% projection from C makes D equal to 1.706 approx.
  • #376,643
  • May 8, 2014 6:22am May 8, 2014 6:22am
Quoting albchr
I have no fundies, no techs, just my gut. This just "feels" like suckering shorts to load up.
Well you also have a lineup of folks that will talk the USD back down. Starting with Ms Yellen starting in a few minutes. Not to worry. That USD is going to get pressed down.
  • #376,644
  • May 8, 2014 6:24am May 8, 2014 6:24am
Quoting Ck87
Why is GU holding up so well? Is this going to last? hmmmmmm I think not but GU has never failed to go up absurd amounts in absurd times.
GUs mission is not complete yet.
  • #376,645
  • May 8, 2014 6:24am May 8, 2014 6:24am
God this GU strength is so incredible, just seemingly never ends? Is it going to 1.7 as the "safe haven" and preferred currency to EU?

I really am biased to downside from here on EU GU NU, but never feel comfortable being short GU anymore after this total rape of the shorts for past year+
  • #376,646
  • May 8, 2014 6:25am May 8, 2014 6:25am
Quoting albchr
I have no fundies, no techs, just my gut. This just "feels" like suckering shorts to load up.
I'm gonna short it at 1.69601, nailed +10 on it earlier from 6966
  • #376,647
  • May 8, 2014 6:27am May 8, 2014 6:27am
Quoting GDR3k
{quote} I'm gonna short it at 1.69601, nailed +10 on it earlier from 6966
true GU looks suspect to some more downside and follow through move after the EU was pumped and dumped.
  • #376,648
  • May 8, 2014 6:29am May 8, 2014 6:29am
Quoting FxMaximus
{quote} Well you also have a lineup of folks that will talk the USD back down. Starting with Ms Yellen starting in a few minutes. Not to worry. That USD is going to get pressed down.
This is quite possibly true and I tend to think the same as of now. But just this stop prior to 7040 (falling just shy of 7000), then this sloooowwww....trickle back down, then a sudden little lurch south? Hmmmmmm..... makes me suspicious at least. :nerd:

By my charts, I remain bullish to 7040 and above. The only question for me is where is the best place to buy? Here? 6900? Just have to wait and see. No shorts for me though.
Ghost Rider - WWTBMD?
  • #376,649
  • May 8, 2014 6:33am May 8, 2014 6:33am
Quoting Ck87
God this GU strength is so incredible, just seemingly never ends? Is it going to 1.7 as the "safe haven" and preferred currency to EU? I really am biased to downside from here on EU GU NU, but never feel comfortable being short GU anymore after this total rape of the shorts for past year+
Maybe 1.70 it is difficult to reach because there is a barrier of Double-No-Touch options (DNT) there. If 1.70 is touched, the owners of the DNT options will be losing their prime, so they are making big efforts to move the price down so that 1.70 is not reached. On the other side, there is a lot of interest in moving the price up to 1.70 (by the writers or sellers of the options), since that will make the owners of the options lose the prime. Therefore there is a lot of struggling at these levels.
  • #376,650
  • May 8, 2014 6:37am May 8, 2014 6:37am
Quoting albchr
I have no fundies, no techs, just my gut. This just "feels" like suckering shorts to load up.
my visitors have gone out ,, not happy the way it looks, on the the 30 the emas ar crossing over on the flat this notes a big move coming took short 6853 red over white,, but this is changing over in a short time frame ,, so short to 1.6922 the hit the 10 ema and see how it looks..
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  • #376,651
  • May 8, 2014 6:38am May 8, 2014 6:38am
Quoting GDR3k
{quote} I'm gonna short it at 1.69601, nailed +10 on it earlier from 6966
For you? Absolutely brother. With your approach it's almost a no brainer.
Ghost Rider - WWTBMD?
  • #376,652
  • May 8, 2014 6:45am May 8, 2014 6:45am
Jesus christ this GU strength is so utterly obnoxious.
  • #376,653
  • May 8, 2014 6:49am May 8, 2014 6:49am
GU - not asking for much here. Please don't go parabolic just yet.
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  • #376,654
  • May 8, 2014 6:49am May 8, 2014 6:49am
LOL... look at her just creeping back up there screaming sell me sell me... I've given you all the signs... sell me now...
Ghost Rider - WWTBMD?
  • #376,655
  • May 8, 2014 6:50am May 8, 2014 6:50am
6962 short 1 hour red over white ?? nobody should be trading this ,,it is like a tennis match, even scalpers will find it hard
  • #376,656
  • May 8, 2014 6:52am May 8, 2014 6:52am
Quoting albchr
LOL... look at her just creeping back up there screaming sell me sell me... I've given you all the signs... sell me now...
and she is right could even do 6890 theres one for you ,, you will find this if you look
  • #376,657
  • May 8, 2014 6:56am May 8, 2014 6:56am
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can the 200 hold ??
  • #376,658
  • May 8, 2014 6:56am May 8, 2014 6:56am
Quoting elbert3
{quote} and she is right could even do 6890 theres one for you ,, you will find this if you look
For 5 / 10 / 15 / 20 ... maybe but.... will it be the classic "cable tank"? Maybe, but I'm not putting my pennies on it yet. Good to see you have the chance to post now Elbert.
Ghost Rider - WWTBMD?
  • #376,659
  • May 8, 2014 6:58am May 8, 2014 6:58am
told you not to sell before the deal is out. 25th may. put that date in your calendar.
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  • #376,660
  • May 8, 2014 7:00am May 8, 2014 7:00am
1.6870 rejected for the 4th time
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