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Cable Update (GBPUSD)

  • #381,701
  • Jun 12, 2014 9:05pm Jun 12, 2014 9:05pm
Its low volume now and these guys are after your stops.Just went another 23pips up in minutes.
Just past 200Fib ext
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 54 KB
In trading, you have to be defensive and aggressive at the same time
  • #381,702
  • Jun 12, 2014 9:06pm Jun 12, 2014 9:06pm
If we take out 1.7, there could be a massive short squeeze. We could easily rally 100 or more pips from there. Should have held on to my long from earlier. I was in a hurry to get to the bar. Missed out on a 5 figure profit. Expensive bar tab.
  • #381,703
  • Jun 12, 2014 9:15pm Jun 12, 2014 9:15pm
believe or not the cable will move down again on 1.68 zone until next week. my target never missed 100% correct
  • #381,704
  • Jun 12, 2014 9:20pm Jun 12, 2014 9:20pm
Quoting card
If we take out 1.7, there could be a massive short squeeze. We could easily rally 100 or more pips from there. Should have held on to my long from earlier. I was in a hurry to get to the bar. Missed out on a 5 figure profit. Expensive bar tab.

Classic Impulse Wave which will follow corrective move.
Its unlikely to continue 100pips above 1.70 without coming back at minimum 69-6850
In trading, you have to be defensive and aggressive at the same time
  • #381,705
  • Jun 12, 2014 9:22pm Jun 12, 2014 9:22pm
Gidday GBP/US

We botty fart an we are away

What do you reckon

thought they would leave 1.70 for next week

Need to go an get a coffee

Can't leave my screen in case it zooms through
  • #381,706
  • Jun 12, 2014 9:23pm Jun 12, 2014 9:23pm
Fractally EUR USD should go as per its cycle too 1.3587 then drop back to 57 for its buyers.. however, as it was Thursday and we were too close too the actual low and it was not Friday Euro longed.. I now have a feeling that it will fail here and fail its FRactal and finish the day at the proper low 1.3486

If however, it makes its way up to 1.3587/96 I will short to 1.3557

There be looking to buy it up too 1.3625 and further upside would be expected. Although as I said Euro is a waiting game as have a feeling euro will not reach the Fractal and will fail and fall back to the proper support at 1.3486.. again this is just my opinion

Cable propelled a rocket with the news on interest rates.

AUD USD looks like its topping out.. looking to sell around 9.443 expecting large pullback but intraday or might finish the move Sunday looking for 9351/38
  • #381,707
  • Jun 12, 2014 9:24pm Jun 12, 2014 9:24pm
Quoting eliteincome
Yo GBP/US Ye ha Just closed longs,went again an bang up it goes Now will it keep going Any ideas

Cable will target 180 then 190 its up around I think 194 when it eventually fails, a while ago since I had the data looking at the larger timeframes....
  • #381,708
  • Jun 12, 2014 9:29pm Jun 12, 2014 9:29pm
Quoting RussJ
{quote} Cable will target 180 then 190 its up around I think 194 when it eventually fails, a while ago since I had the data looking at the larger timeframes....
I agree cable is bullish, but unless there is significantly more buying interest, I just can't see how it will breach the May high. Maybe that's my permabearishness, I don't know.
  • #381,709
  • Jun 12, 2014 9:45pm Jun 12, 2014 9:45pm
Quoting tedsung
believe or not the cable will move down again on 1.68 zone until next week. my target never missed 100% correct
  • #381,710
  • Jun 12, 2014 9:48pm Jun 12, 2014 9:48pm
Quoting Didgeridoo
{quote} I agree cable is bullish, but unless there is significantly more buying interest, I just can't see how it will breach the May high. Maybe that's my permabearishness, I don't know.

WEll first area it will test and try off I 1.6922
  • #381,711
  • Jun 12, 2014 9:49pm Jun 12, 2014 9:49pm
probably that is it for cable. 172/102.1 = 1.6846. Falls back to where it started.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ- UJ.png Size: 26 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #381,712
  • Jun 12, 2014 10:06pm Jun 12, 2014 10:06pm
Quoting DerekTrotter
{quote} nice one -- of ur new to this ur learning ur lessons nicely rule number make ur own decisons and stick by em as listening to fools seriously deplenish your account
Yes Yes I learned my lesson, Master DerekTrotter. From now on, I shall respect FF Calendar's authority and pay attention to all of its items marked red. Never again, I shall be deprived of trading opportunities of making now 150+ pips.
Make your losses in demo. Earn your profits live.
  • #381,713
  • Jun 12, 2014 10:32pm Jun 12, 2014 10:32pm
Looking at the M15 chart of cable, the MACD divergence signals 1.6900 and 1.6850 levels should the pair manage to break 1.6940 level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 40 KB
  • #381,714
  • Jun 12, 2014 10:32pm Jun 12, 2014 10:32pm
Quoting Davit
Its low volume now and these guys are after your stops.Just went another 23pips up in minutes. Just past 200Fib ext {image}
Dont think so somehow do u really think with all that money on the table in this move that they now say ok guys - lets go stop hunting.. game on rather then hunt for sure ..
  • #381,715
  • Jun 12, 2014 10:33pm Jun 12, 2014 10:33pm
Quoting Ill-b-back
What does Carney mean by rate rise "sooner than market expects"? By looking at this GU and it meteoric rise from 1.48, it looks to me like "the market" expected it months ago. It's Bollocks as they say....
Maybe new years present January rather then Easter.. now he has confirmed rate rises look pretty stupid if he changed his mind ?
  • #381,716
  • Jun 12, 2014 10:40pm Jun 12, 2014 10:40pm
Quoting RussJ
{quote} Cable will target 180 then 190 its up around I think 194 when it eventually fails, a while ago since I had the data looking at the larger timeframes....

Gidday Russ

GBP/US is my main chart now

the balance an looking after the equity

on these big moves.

Still i was shorting at 1.48 an they were talking 1.35 etc

So another 20+ move seems extreme.

You must be thinking EUR/US 1.50+

They will wait for Dragi to go on holiday

so he can't pull the hand brake on the EUR
  • #381,717
  • Jun 12, 2014 11:07pm Jun 12, 2014 11:07pm
Quoting DerekTrotter
{quote} Maybe new years present January rather then Easter.. now he has confirmed rate rises look pretty stupid if he changed his mind ?
I wasn't talking about the rate rise itself, just the markets current expectation.
His speech confirmed nothing anyway, there was only slightly fewer economic conditions attached to his forward guidance than that used by the Fed.

"Might raise rates" is about as definitive as a central banker can get in this environment of sluggish recovery/growth and economic vulnerability.
Come with me if you want to live....
  • #381,718
  • Jun 12, 2014 11:10pm Jun 12, 2014 11:10pm
Gbp jpy is having fun .
No emotions, just trade
  • #381,719
  • Jun 12, 2014 11:12pm Jun 12, 2014 11:12pm
HDA predicted this situation. Probably ..
No emotions, just trade
  • #381,720
  • Jun 12, 2014 11:22pm Jun 12, 2014 11:22pm
Morning Well done Mr Carney ???? yesterday statements regarding the pound ( it is to high it hurts our economy exports ) big exports at the moment JCB, ROLLS ROYCE ,BENTLEY , JAGUAR ,ETC, ALL HIGH PRICED ITEMS, what does Mr Carney do sticks his head out the window and shouts ( rate rises soon ) nob..... I think the reason he said this is ​,,,, it is actually HDA,,,???? IN DISGUISE AND HE IS LONG ON THE GBPUSD
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