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Cable Update (GBPUSD)

  • #379,781
  • May 29, 2014 5:38am May 29, 2014 5:38am
Quoting albchr
{quote} Really wasn't unexpected though...no?
No
. but the economy is still good enough to end tapering in Oct..


FED speak for, we can't afford to grow the balance sheet more
  • #379,782
  • May 29, 2014 5:42am May 29, 2014 5:42am
Quoting albchr
{quote} Really wasn't unexpected though...no?
Yes, was expected, market already wrote it off as weather, blah, blah. You remember Chris when we spoke on initial number, I said it was actually -1 or -1.1%?

Jimmy has a point but tapering still means 0% which used to mean easing in the old days.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #379,783
  • May 29, 2014 5:44am May 29, 2014 5:44am
Quoting JimmyC
{quote} No . but the economy is still good enough to end tapering in Oct.. FED speak for, we can't afford to grow the balance sheet more
Yeah...I suppose. Still not really sure though. Guess we'll see at that time. I don't think they remember where the off switch for the printing machines is...lol
Ghost Rider - WWTBMD?
  • #379,784
  • May 29, 2014 5:44am May 29, 2014 5:44am
Quoting Trader88q
{quote} Pound and euro will drop very sharp.
are you selling this hards regards E
  • #379,785
  • May 29, 2014 5:45am May 29, 2014 5:45am
adding after 698
  • #379,786
  • May 29, 2014 5:45am May 29, 2014 5:45am
Quoting Mr. Scott
{quote} Yes, was expected, market already wrote it off as weather, blah, blah. You remember Chris when we spoke on initial number, I said it was actually -1 or -1.1%? Jimmy has a point but tapering still means 0% which used to mean easing in the old days.
Exactly Scott. They don't have the same "fuzzy numbers" they used last time to keep at a +, no matter how small that + was...lol
Ghost Rider - WWTBMD?
  • #379,787
  • May 29, 2014 5:48am May 29, 2014 5:48am
I think GBP still would drop to the 1.6670 area.
  • #379,788
  • May 29, 2014 5:49am May 29, 2014 5:49am
Quoting elbert3
adding after 698
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for now emas doing a good job even on the 5 min chart will it break 70
  • #379,789
  • May 29, 2014 5:53am May 29, 2014 5:53am
im not fundermental but numbers are mixed with news you need to take all numbers in last month,gbp/usd
all numbers in last 3 months
all numbers in the last year
add the uknown comming out woodwork ,
then you get result ,lol




Quoting JimmyC
ooops GDP {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #379,790
  • May 29, 2014 5:54am May 29, 2014 5:54am
pp on 710 target 665 just in case dont trust it
  • #379,791
  • May 29, 2014 6:03am May 29, 2014 6:03am
don't worry there tho is another way .. for us joe bloggs

Quoting Bones
im not fundermental but numbers are mixed with news you need to take all numbers in last month,gbp/usd all numbers in last 3 months all numbers in the last year add the uknown comming out woodwork , then you get result ,lol {quote}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #379,792
  • May 29, 2014 6:12am May 29, 2014 6:12am
LOL... Cable is about the only pair not moving at all....
Ghost Rider - WWTBMD?
  • #379,793
  • May 29, 2014 6:13am May 29, 2014 6:13am
735-745 area proved to be perfect spot to take quick short scalps off reaction highs yielded more than 20 pips...
I still wanna see this area drilled away for a test of 780 to determine further course of action.
Hear the music before the song is over ...
  • #379,794
  • May 29, 2014 6:22am May 29, 2014 6:22am
Quoting Davit
{quote} Also to add end of month.Lets see how big boys start June.This time in my opinion traders should be wary of placing orders. Wait for better trading set ups next month
Hi Davit, yes, in terms of the bigger picture, we're approaching a crucial juncture....going into H2
it'll definitely be more interesting that it has been up unitl now.
Hear the music before the song is over ...
  • #379,795
  • May 29, 2014 6:23am May 29, 2014 6:23am
Quoting GlobalMacro
735-745 area proved to be perfect spot to take quick short scalps off reaction highs yielded more than 20 pips... I still wanna see this area drilled away for a test of 780 to determine further course of action.
Good Morning GM

Yep...me too. I was looking 750/770 but 780 is good.
Ghost Rider - WWTBMD?
  • #379,796
  • May 29, 2014 6:28am May 29, 2014 6:28am
dont think it over yet still looking short closed at 710 2 lots only buttons , but if it breaks the lower tl i think i will load it back again ,, i am not trading the news any more ?
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  • #379,797
  • May 29, 2014 6:31am May 29, 2014 6:31am
Quoting albchr
{quote} Good Morning GM Yep...me too. I was looking 750/770 but 780 is good.
Morning Chris,
absolutely, if they can take her up to 780, we'll have a better basis to view fresh long strategies...
Hear the music before the song is over ...
  • #379,798
  • May 29, 2014 6:37am May 29, 2014 6:37am
oh I forgot add sentiment in there somwhere


Quoting Bones
im not fundermental but numbers are mixed with news you need to take all numbers in last month,gbp/usd all numbers in last 3 months all numbers in the last year add the uknown comming out woodwork , then you get result ,lol {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #379,799
  • May 29, 2014 6:39am May 29, 2014 6:39am
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a break out long past the tl i think,,does any body see that as a short ,MR SCOTT ?
  • #379,800
  • May 29, 2014 6:41am May 29, 2014 6:41am
looks clear to me ,
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
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