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Cable Update (GBPUSD)

  • #381,721
  • Jun 13, 2014 1:23am Jun 13, 2014 1:23am
Given the ranges and from a strictly SR and RR point of view, shorts are mighty tempting here. But I have to let Mr. Market tip it's hand I think. Everything is testing resistance here. UJ the broken 102 handle.
Attached Image (click to enlarge)
Click to Enlarge Name: Dragon scalping.PNG Size: 120 KB
Ghost Rider - WWTBMD?
  • #381,722
  • Jun 13, 2014 1:25am Jun 13, 2014 1:25am
Quoting eliteincome
{quote} 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
Eur usd will go too 1.47 levels but that will be pushed down to 129 before that happens. However, I next we could end up in next 3 or weeks at 1.38 before we go down...... price will depend how we finish today... do we finish bearish or bullish... I think it inevetabily makes its move down too 1.3486

how that happens is another thing.. yeterdays move up was a false move... but it was because we were at the bottom and it was not Friday that's my view on it.....

do we go go up to 87 fail an down too 20 then up to 57 then down too 86... that will be bearish...
however, do we fall from here.. down to 20... up to 57 then down to 86 and push off from there.. that will be bullish and target for that will be 87... see the difference.. one has 87 as being hit first whilst the other has 87 being hit last???

3rd scenario would be 87 being hit then 57 holding it as per fractal but cant see that happening as there's no support to get over 1.3608 or 1.3587 being hit first dropping too 1.3620 then up pushing over 1.3608 too 1.3615.. again I don't see this happening but a possibility.. I prefer option 1 or 2 above

Either way.. easiest option is 87... and try for 20 zone... 60 pips... people are going to try 57 but there's no support to push through the higher level so expect it will lower high.. again though...87 down to 57 is 30 pips, anyway best of luck

Obviously if 1.3486 is hit and we rally.. we would not hit 1.3587 today but would try and continue the bullish move off 1.3486 Monday etc
  • #381,723
  • Jun 13, 2014 1:29am Jun 13, 2014 1:29am
Quoting Ill-b-back
{quote} 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.
No it is not .. sooner will be sooner rather than later - that's before Easter next year - btw how many central bankers do you know ? UK is not sluggish - thought might be worth a mention ..check our growth rate - export orders even imports consumer buying power - plus a host of other plus zones..
  • #381,724
  • Jun 13, 2014 1:32am Jun 13, 2014 1:32am
Quoting elbert3
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
U were long right E - and i was the one caught holding my shorts .. ?
  • #381,725
  • Jun 13, 2014 1:33am Jun 13, 2014 1:33am
Quoting albchr
given the ranges and from a strictly sr and rr point of view, shorts are mighty tempting here. But i have to let mr. Market tip it's hand i think. Everything is testing resistance here. Uj the broken 102 handle. {image}
morning chris ,dell, shorts look good to me we are a long way from emas the price likes to be close as we know
  • #381,726
  • Jun 13, 2014 1:33am Jun 13, 2014 1:33am
Quoting Fx_Anil
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. {image}

its about to get pressured at 87/96 zone
  • #381,727
  • Jun 13, 2014 1:34am Jun 13, 2014 1:34am
This is the end....
Pound is unstopable....does anyone know, where it stops? That is crazy..
  • #381,728
  • Jun 13, 2014 1:35am Jun 13, 2014 1:35am
going totally parabolic. esp the crosses JPY etc.

all on one very vague central banker comment. jeez.
  • #381,729
  • Jun 13, 2014 1:38am Jun 13, 2014 1:38am
Quoting Nan-ook
This is the end.... Pound is unstopable....does anyone know, where it stops? That is crazy..
adx settings 2 on the four hour chart can be a helpfull guide - for direction
  • #381,730
  • Jun 13, 2014 1:40am Jun 13, 2014 1:40am
Quoting RussJ
{quote} its about to get pressured at 87/96 zone

Here she goes on the dot at 87!!!
  • #381,731
  • Jun 13, 2014 1:44am Jun 13, 2014 1:44am
Quoting elbert3
{quote} morning chris ,dell, shorts look good to me we are a long way from emas the price likes to be close as we know
Morning Billy. I'm trying one small short on the dragon at 173.268. Tight stop just above resistance at 173.450
Ghost Rider - WWTBMD?
  • #381,732
  • Jun 13, 2014 1:46am Jun 13, 2014 1:46am
Quoting DerekTrotter
{quote} No it is not .. sooner will be sooner rather than later - that's before Easter next year - btw how many central bankers do you know ? UK is not sluggish - thought might be worth a mention ..check our growth rate - export orders even imports consumer buying power - plus a host of other plus zones..
Of course sooner is sooner rather than later.

But he said "might"....

In his Jan forward guidance when taken to task in an interview about why he is putting off raising rates despite faster than expected falling unemployment, he said he wants to see stability first.

In other words, he doesn't want to see all this growth in a low interest environment falling apart once rates increase a notch or 2.

nothing is in stone, much can happen between now and end of year.
Come with me if you want to live....
  • #381,733
  • Jun 13, 2014 1:47am Jun 13, 2014 1:47am
HI GUYS,

I am new here to this forum, but i have BEEN watching posts here from past few days,quite impressive. i follow bollinger bands for intra day ,due to lack of knowledge no idea about long terms, b bands helps me for the intraday trend.

Just for example before carney speech report 5minutes b bands was in the buy zone, still in positive 150 points.....................any one here who follow the same
  • #381,734
  • Jun 13, 2014 1:47am Jun 13, 2014 1:47am
holly cow what happened to cable..now im getting nervous
  • #381,735
  • Jun 13, 2014 1:49am Jun 13, 2014 1:49am
HDA, where u @? your tp is less than 20 pips away. come out from hybernation dude, ive sure missed your contributions.
  • #381,736
  • Jun 13, 2014 1:50am Jun 13, 2014 1:50am
Quoting Ill-b-back
{quote} Of course sooner is sooner rather than later. But he said "might".... In his Jan forward guidance when taken to task in an interview about why he is putting off raising rates despite faster than expected falling unemployment, he said he wants to see stability first. In other words, he doesn't want to see all this growth in a low interest environment falling apart once rates increase a notch or 2. nothing is in stone, much can happen between now and end of year.
True nice words of wisdom
  • #381,737
  • Jun 13, 2014 1:51am Jun 13, 2014 1:51am
Quoting elbert3
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
elbert, where d hell is HDA?
  • #381,738
  • Jun 13, 2014 1:51am Jun 13, 2014 1:51am
Quoting nAVIN2007
holly cow what happened to cable..now im getting nervous
Gidday Nav

You still hedged from 1.48
  • #381,739
  • Jun 13, 2014 1:56am Jun 13, 2014 1:56am
anyone waiting for the short @1.7?
  • #381,740
  • Jun 13, 2014 1:58am Jun 13, 2014 1:58am
Come on Cable! Is it all that you got!
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