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Cable Update (GBPUSD)

  • #378,381
  • May 20, 2014 8:10am May 20, 2014 8:10am
Quoting JimmyC
GU 1H Turtle sticking its head out {image}
Pretty solid looking support.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 57 KB
Ghost Rider - WWTBMD?
  • #378,382
  • May 20, 2014 8:11am May 20, 2014 8:11am
Quoting ruffryders
{quote} {quote} soon bro, very soon. Expect decent followthough on downside Friday this week into Tuesday next week.


I luv your timing ruff.
Did you place your stop loss order? Why not?!? Story of my life...
  • #378,383
  • May 20, 2014 8:14am May 20, 2014 8:14am
remember no 1700 6678 target jersey out
  • #378,384
  • May 20, 2014 8:14am May 20, 2014 8:14am
Quoting albchr
{quote} Pretty solid looking support. {image}
Best description of this trend, consolidating uphill...
  • #378,385
  • May 20, 2014 8:16am May 20, 2014 8:16am
Quoting JimmyC
{quote} Best description of this trend, consolidating uphill...
Almost structured like since the start...no?
Ghost Rider - WWTBMD?
  • #378,386
  • May 20, 2014 8:17am May 20, 2014 8:17am
$DXY

Daily

The issue with direction remains... This is the definition of retracement in a down trend, this needs to break the DTL
Tomorrow...

Updated chart
Attached Image (click to enlarge)
Click to Enlarge Name: DX Daily.png Size: 25 KB
  • #378,387
  • May 20, 2014 8:21am May 20, 2014 8:21am
Quoting albchr
{quote} Almost structured like since the start...no?
Yup just like EU

Have you seen UJ? looks like it wants South? Well if it gets a Daily close below 101.280 & maintains confluence with the $SPX, that is

Lets see what Granny's love letter tells us....

Chio
  • #378,388
  • May 20, 2014 8:22am May 20, 2014 8:22am
Quoting JimmyC
$DXY Daily The issue with direction remains... This is the definition of retracement in a down trend, this needs to break the DTL Tomorrow... Updated chart {image}
I'd even dare say the 50% there Jimmy. But then, the dollar always has had to prove itself to me. Still trying I guess....lol
Ghost Rider - WWTBMD?
  • #378,389
  • May 20, 2014 8:25am May 20, 2014 8:25am
Quoting JimmyC
{quote} Yup just like EU Have you seen UJ? looks like it wants South? Well if it gets a Daily close below 101.280 & maintains confluence with the $SPX, that is Lets see what Granny's love letter tells us.... Chio
Technically, Still looking at 99.94ish before thinking seriously about any discount buys. Talking head wise?

Have a nice day
Ghost Rider - WWTBMD?
  • #378,390
  • May 20, 2014 9:45am May 20, 2014 9:45am
short 2x6840
price failed to break 50%
edit added 2 more shorts at 6839
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 35 KB
In trading, you have to be defensive and aggressive at the same time
  • #378,391
  • May 20, 2014 9:48am May 20, 2014 9:48am
Hey Yen experts...would you tell us how will tonights BoJ rate decision influence yen pairs?? If rate is kept will yen rise or fall
always draw trendlines
  • #378,392
  • May 20, 2014 10:05am May 20, 2014 10:05am
I think has more to do with the bears taking over the order flow at the 865 area rather than the fib. 875 level is the top of the S+D level. Nothing seems convincing either way. short trade from here seems as good as any at the moment but I am waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_1 Min_snapshot.png Size: 20 KB
  • #378,393
  • May 20, 2014 10:07am May 20, 2014 10:07am
a big sell of is on the way next days, cause of the fear of increasing nationalisms and far left parties in european union votes
in many countries, in UK i think nigel farage and nationalisms get the first place, cable has more space to drop,
can see 1,65 before the end of the month
  • #378,394
  • May 20, 2014 10:10am May 20, 2014 10:10am
CPI kind of took the wind out of my bearish thesis. I dont really see much reason for this to go up or down very much.

Falling inflation was the one silver lining Carney had on being dovish and it looks like it may be creeping back towards 2%, especially if sterling falls another couple 100 pips or so.


better ways to express dollar long views out there, and I dont know why anyone would want to be shorting sterling at this point other than the fact that positioning may be crowded. Look out for next weeks news on Pfizer/Astra deal, probably will cause some volatility. M&A flows have been keeping this bid for a long time.
Twitter: @TrendersGame
  • #378,395
  • May 20, 2014 10:16am May 20, 2014 10:16am
potential reversal on GCAD - could be a re-test of top of the range @ 8700. current bid @ 8360.
looks very well supported ATM.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
  • #378,396
  • May 20, 2014 10:20am May 20, 2014 10:20am
Quoting Citiboy
Look out for next weeks news on Pfizer/Astra deal, probably will cause some volatility. M&A flows have been keeping this bid for a long time.

Something I never seem to give enough attention to (which caught me out on Vodafone deal) but we seem to be going into another phase of booming M&A's. The only place I briefly look at them is on Reuters. http://www.reuters.com/finance/deals/mergers
  • #378,397
  • May 20, 2014 10:26am May 20, 2014 10:26am
Quoting ruffryders
potential reversal on GCAD - could be a re-test of top of the range @ 8700. current bid @ 8360. looks very well supported ATM. {image}
Ruff
Could you once just once place your orders and stop posting clutter.I never seen you post trades
Wrong side of GU(1.70+),EU (1.40+)AU(95+) A/CHF (85+)...list goes on then after 100pips you come back BSing the new reality.
Place your orders!!
Nobody gives a f--- about your charts or predictions
In trading, you have to be defensive and aggressive at the same time
  • #378,398
  • May 20, 2014 10:31am May 20, 2014 10:31am
I have olpen Short but I start wories about this resistance line. If it broke I think GBP/USD jump wery hight.

I need worries or it is almost imposibility this week??
Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 25 KB
  • #378,399
  • May 20, 2014 11:23am May 20, 2014 11:23am
Quoting pikolo
I have olpen Short but I start wories about this resistance line. If it broke I think GBP/USD jump wery hight. I need worries or it is almost imposibility this week?? {image}
If you're not sure of your position you should close it. It can't be but a few pips from your entry by the looks of that chart. Market's going nowhere substantial until later tomorrow after the news anyway.

When in doubt, get out.
Ghost Rider - WWTBMD?
  • #378,400
  • May 20, 2014 11:26am May 20, 2014 11:26am
going short is bad for your health
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