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Cable Update (GBPUSD)

  • #378,741
  • May 22, 2014 3:57am May 22, 2014 3:57am
Quoting 45Condor
{quote} ...and the realisation that public borrowing is soaring on the back of an insolvent nation. That figure is worrying.
Yep those figures jumped straight at me. Shocking.

The fact is, the cuts needed haven't even started. The country will get knocked back to the dark ages with what is needed.

How the Tories bleat they are dealing with it and the press never call them to book on it. Politics aside the facts are the Tories have added more debt in 4 years than Labour did in 13 years.

All the recent growth is down to more debt, government and personal.
  • #378,742
  • May 22, 2014 3:57am May 22, 2014 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 65 KB
Ghost Rider - WWTBMD?
  • #378,743
  • May 22, 2014 3:58am May 22, 2014 3:58am
This is how I see it
GU 15m
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 55 KB
  • #378,744
  • May 22, 2014 4:01am May 22, 2014 4:01am
Quoting Davit
{quote} EU is not going up why would you buy more GU...
EU+GU not 100% all the time corelate (sorry about my english),in this specific case i am long on cable cause i am belive on my system

got some proff behind it..so now all i do is to wait in patience that cable willl be back to the chanell..if in acase i will get my contrar signal

i will close my loose and trade the contrar one.
when GOD brings you a challenge he also gives you the power to deal with it
  • #378,745
  • May 22, 2014 4:02am May 22, 2014 4:02am
Quoting neil324
{quote} Yep those figures jumped straight at me. Shocking. The fact is, the cuts needed haven't even started. The country will get knocked back to the dark ages with what is needed. How the Tories bleat they are dealing with it and the press never call them to book on it. Politics aside the facts are the Tories have added more debt in 4 years than Labour did in 13 years. All the recent growth is down to more debt, government and personal.
Increase in debt is the same in US and South of europe, nothing new here, at least GDP in UK follow employment figures unlike in US where GDP hit rock bottom pre recession number yet employment is green and going up - go figure how come?
swing it!
  • #378,746
  • May 22, 2014 4:02am May 22, 2014 4:02am
Quoting Davit
{quote} 67-6680 Here is my chart {image}
You got it playing nicely, have a similar target, again with apologies for my comment. I needed a kick.
  • #378,747
  • May 22, 2014 4:03am May 22, 2014 4:03am
If it runs back to 6900 I'll be looking to short from there with small stop above the 920 area. Looks to me like mid term anyway the direction is changing and 920 could hold.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_15 Mins_snapshot.png Size: 31 KB
  • #378,748
  • May 22, 2014 4:07am May 22, 2014 4:07am
Quoting eitan1010
{quote} EU+GU not 100% all the time corelate (sorry about my english),in this specific case i am long on cable cause i am belive on my system got some proff behind it..so now all i do is to wait in patience that cable willl be back to the chanell..if in acase i will get my contrar signal i will close my loose and trade the contrar one.
Hi Eitan,

Which channel do you refer to? Could you post a chart please? I'm interested in your view of the situation

Thanks
  • #378,749
  • May 22, 2014 4:07am May 22, 2014 4:07am
Quoting Carlicus
This is how I see it GU 15m {image}
I'm not one who can claim any "serious" volume analysis knowledge but, on my 1H, pretty average for that size stick. Maybe it will fall more but to me, so far, just a knee jerk reaction to the noise.
Ghost Rider - WWTBMD?
  • #378,750
  • May 22, 2014 4:08am May 22, 2014 4:08am
Quoting Davit
{quote} 67-6680 Here is my chart {image}
wow, nice target..i cant hold that much im afraid.

but aiming 6840
fokyou forexfactory
  • #378,751
  • May 22, 2014 4:09am May 22, 2014 4:09am
Quoting tomspin
{quote} Increase in debt is the same in US and South of europe, nothing new here, at least GDP in UK follow employment figures unlike in US where GDP hit rock bottom pre recession number yet employment is green and going up - go figure how come?
And Japan, everyone is in the same boat. You could argue the system will go before one country. The biggest debtors are governments, this is why interest rates are never going up. But when the next cyclical recession comes along the toolbox will be empty except for printing.

The UK have managed to pump their housing market better than the ones you quote. Hence the figures.
  • #378,752
  • May 22, 2014 4:10am May 22, 2014 4:10am
Quoting Davit
On most basic level GU going higher needs EU going higher as well. Not likely to happen when EU fundamentals and stats are pointing 1.35 and lower. 97% correlation GU with EU 1.70 GU equals 1.38+EU We already know that prospects of it is not great considering EZ low inflation. So sum it up its not about UK but its about Euro zone

I looking for the Euro to run back up to around 530. Short term would not be surprised to see Euro run up to that level and Cable slide down to 750.
  • #378,753
  • May 22, 2014 4:11am May 22, 2014 4:11am
Quoting Carlicus
{quote} Hi Eitan, Which channel do you refer to? Could you post a chart please? I'm interested in your view of the situation Thanks
i have complicate chart to view..some maybee will not like to view it,you have my user name u can put on it and see my analyses on my thread.
when GOD brings you a challenge he also gives you the power to deal with it
  • #378,754
  • May 22, 2014 4:11am May 22, 2014 4:11am
Quoting albchr
{quote} I'm not one who can claim any "serious" volume analysis knowledge but, on my 1H, pretty average for that size stick. Maybe it will fall more but to me, so far, just a knee jerk reaction to the noise.
And... a 50% retrace on a daily stick (or any for that matter) is pretty typical. Daily GBP index.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXDaily.png Size: 30 KB
Ghost Rider - WWTBMD?
  • #378,755
  • May 22, 2014 4:11am May 22, 2014 4:11am
Quoting theXfiles
{quote} You got it playing nicely, have a similar target, again with apologies for my comment. I needed a kick.
No apologizes.
Here is a nice tip.If you are worrying about your trades you are either
A. Position too large
B. Leverage Too large

You need to work out position size that allows room for your orders to breath.Average retail trader gets stopped out on 20pips SL.MM know this hence they will push price up down to take stops.
You seriously have to work out SL dilemma. I solved mine but you need to approach position size SL in proper perspective.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,756
  • May 22, 2014 4:15am May 22, 2014 4:15am
Quoting albchr
{quote} I'm not one who can claim any "serious" volume analysis knowledge but, on my 1H, pretty average for that size stick. Maybe it will fall more but to me, so far, just a knee jerk reaction to the noise.
Hi Chris,

I don't have any superior volume analysis either haha, but on my modest knowledge, I think i understand it better on lower time frames, like 5m or 15 at most. This is because in lower time frames I can see specifically where the volume increased. However, in bigger time frames such as 1h or more, I found I can't extract any useful information. If I switch to 1h, you are right, the volume is pretty average to me too
  • #378,757
  • May 22, 2014 4:16am May 22, 2014 4:16am
Quoting neil324
{quote} And Japan, everyone is in the same boat. You could argue the system will go before one country. The biggest debtors are governments, this is why interest rates are never going up. But when the next cyclical recession comes along the toolbox will be empty except for printing. The UK have managed to pump their housing market better than the ones you quote. Hence the figures.
This is issue not mentioned by most, good observation I agree, as for a housing market in London, prolly the best real investment out there over the fake stock market and droping bond yealds, it's typical buy a flat in London prices always go up, millions of russian dollars were exchanged for pounds to buy those flats, fundamentals are pretty simple if you do not overcomplicate them, just my view I am no expert
swing it!
  • #378,758
  • May 22, 2014 4:16am May 22, 2014 4:16am
Quoting squawk
{quote} I looking for the Euro to run back up to around 530. Short term would not be surprised to see Euro run up to that level and Cable slide down to 750.
I trade swings. 140pip swing on 11 positions is good enough for meI don't get all rattled up about trends.To me trends don't factor in.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,759
  • May 22, 2014 4:19am May 22, 2014 4:19am
Quoting Davit
{quote} I trade swings. 140pip swing on 11 positions is good enough for meI don't get all rattled up about trends.To me trends don't factor in. Regards
Good luck with your positions.
  • #378,760
  • May 22, 2014 4:20am May 22, 2014 4:20am
Quoting Carlicus
{quote} Hi Chris, I don't have any superior volume analysis either haha, but on my modest knowledge, I think i understand it better on lower time frames, like 5m or 15 at most. This is because in lower time frames I can see specifically where the volume increased. However, in bigger time frames such as 1h or more, I found I can't extract any useful information. If I switch to 1h, you are right, the volume is pretty average to me too
Yeah it all depends on what TF you're trading in the end. If this breaks (closes) below my 50% on a 1H, I'll likely cut it loose. But so far...
Ghost Rider - WWTBMD?
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