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Cable Update (GBPUSD)

  • #379,621
  • May 29, 2014 12:30am May 29, 2014 12:30am
Quoting JimmyC
GU M5 {image} counter trend low prob
Almost at target 1.673 stops at cover
Attached Image (click to enlarge)
Click to Enlarge Name: GU M5.png Size: 19 KB
  • #379,622
  • May 29, 2014 12:34am May 29, 2014 12:34am
European opening calls:

$FTSE 6855 up 3
$DAX 9939 flat
$CAC 4528 down 4
$IBEX 10773 up 15
$MIB 21619 up 33
  • #379,623
  • May 29, 2014 12:40am May 29, 2014 12:40am
Quoting JimmyC
{quote} Almost at target 1.673 stops at cover {image}
morning jim did you take that one ,, b
  • #379,624
  • May 29, 2014 1:08am May 29, 2014 1:08am
Quoting elbert3
{quote} morning jim did you take that one ,, b
Morning E, no I'm short @ 1.686 stop 1.681, have 2 index trades and a few others open so didn't want to manage a hedge as well

My opinion is that was just an oversold bounce and I'm expecting bearish continuation.

After the diamond I may stay open there is another target @ 1.6545

I'm of the opinion we can sell rally's off resistance

R's

J
  • #379,625
  • May 29, 2014 1:12am May 29, 2014 1:12am
Quoting JimmyC
{quote} Morning E, no I'm short @ 1.686 stop 1.681, have 2 index trades and a few others open so didn't want to manage a hedge as well My opinion is that was just an oversold bounce and I'm expecting bearish continuation. After the diamond I may stay open there is another target @ 1.6545 I'm of the opinion we can sell rally's off resistance R's J
yes it was a scalp just pp 720 looks like it could short below that but i would of thought 730 was the one ?? still short gbcd and its just starting to move down waiting till 811 to take some off there
  • #379,626
  • May 29, 2014 1:14am May 29, 2014 1:14am
Quoting elbert3
{quote} morning jim did you take that one ,, b
I'm moving my stop to 1.68165 I'm supposed to move it to 1.67315 but I'd like to see more PA before I'm convinced, its a negative swap though so I'm not going to hang on for too long. I've got problems with the ZAR carry it looks like its reversing, so might be looking for a new rent trade soon
  • #379,627
  • May 29, 2014 1:19am May 29, 2014 1:19am
Quoting elbert3
{quote} yes it was a scalp just pp 720 looks like it could short below that but i would of thought 730 was the one ?? still short gbcd and its just starting to move down waiting till 811 to take some off there
Gold is still going strong that triangle is working a treat
  • #379,628
  • May 29, 2014 1:21am May 29, 2014 1:21am
Quoting elbert3
{quote} yes it was a scalp just pp 720 looks like it could short below that but i would of thought 730 was the one ?? still short gbcd and its just starting to move down waiting till 811 to take some off there
Oh yes and Ozzy looks to be taking off bullish engulfing support at .9230 seems solid
  • #379,629
  • May 29, 2014 1:23am May 29, 2014 1:23am
Quoting JimmyC
{quote} Gold is still going strong that triangle is working a treat
yes stayed in that nearly 2 weeks 2 positions best one 96, and 94 ,pp on 60 now its tight but i dont want to be spiked out, you can always get back in just looked 51 is a target the 37, it will need a pull back soon trail stops might be the best thing in case of spikes ,are you in ?
  • #379,630
  • May 29, 2014 1:25am May 29, 2014 1:25am
Quoting JimmyC
{quote} Oh yes and Ozzy looks to be taking off bullish engulfing support at .9230 seems solid
looks like the ship has sailed you would have to wait for a pull back unless your in already
  • #379,631
  • May 29, 2014 1:25am May 29, 2014 1:25am
FTSE 1H

Trading action on futures seems to threaten a double top

Will be interesting to see if 6835 area is tested and breaks

Would support decreasing money flow
Attached Image
  • #379,632
  • May 29, 2014 1:30am May 29, 2014 1:30am
Quoting elbert3
{quote} looks like the ship has sailed you would have to wait for a pull back unless your in already
Holding for 1226 stops at cover, watching the dollar and demand... The move is basically poor demand and strong dollar, there are signs the 1180 would cause accumulation to begin again but without inflation in the leading economies nothing for a while. Looking for China or India to intervene
  • #379,633
  • May 29, 2014 1:34am May 29, 2014 1:34am
Quoting elbert3
{quote} looks like the ship has sailed you would have to wait for a pull back unless your in already
will see 92670. If it shows strength there or 92165 I would buy and hold for positive swaps if it works, we will see, always worth have a go if it holds
  • #379,634
  • May 29, 2014 1:36am May 29, 2014 1:36am
DX 1H

Break out and test holding 80.52 level after Asian Trade comes to a slow...

Enjoy your day,
Attached Image
  • #379,635
  • May 29, 2014 1:37am May 29, 2014 1:37am
Quoting JimmyC
DX 1H Break out and test holding 80.52 level after Asian Trade comes to a slow... Enjoy your day, {image}
im confuse, what are you trading?
  • #379,636
  • May 29, 2014 1:38am May 29, 2014 1:38am
Quoting JimmyC
{quote} Oh yes and Ozzy looks to be taking off bullish engulfing support at .9230 seems solid
p out at 720 now short entry for now 6715 but we will see the pp might of been to tight but 21 pips is ok for a scalp.
  • #379,637
  • May 29, 2014 1:45am May 29, 2014 1:45am
Quoting PoundTrader
{quote}im confuse, what are you trading?
  • #379,638
  • May 29, 2014 1:47am May 29, 2014 1:47am
Quoting Makavell
{quote}
http://www.easyfreesmileys.com/smile...mileys-327.gif
  • #379,639
  • May 29, 2014 1:49am May 29, 2014 1:49am
Quoting PoundTrader
{quote}im confuse, what are you trading?
Everything

GU Short
Gold Short

AU - Looking for something long
ZAR long - looks to have turned a corner, maybe time to close

DX reference

Indexes for rent (they go up, till they go down - makes it easy)

</end confusion>
  • #379,640
  • May 29, 2014 1:58am May 29, 2014 1:58am
bank holiday today, market not the same and im freaking drunk, good luck to all http://www.easyfreesmileys.com/smile...nnabis-032.gif
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