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Cable Update (GBPUSD)

  • #382,041
  • Jun 16, 2014 5:52am Jun 16, 2014 5:52am
Quoting elbert3
{quote} Ok big C, LOL
LOL... Hey, isn't that your nickname for Carlicus?

You'll have to find another for me brother. You know like, d**k head, pain in the a**, Blabber board. I'm sure some here could give you other suggestions??....

Well, this is just too slow to watch anymore. BBFNY. Have a great one folks.
Ghost Rider - WWTBMD?
  • #382,042
  • Jun 16, 2014 5:55am Jun 16, 2014 5:55am
Quoting giveachance
{quote} i have a sell on usd/jpy. Not trading gbp/usd. I think e/u will spike
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 99 KB
eur and gb out of sync ,, will the fail of the trend line bring it back,, resistance could lead tp 344. Break the 357 and possibly beyond
  • #382,043
  • Jun 16, 2014 5:57am Jun 16, 2014 5:57am
Quoting albchr
{quote} lol... Hey, isn't that your nickname for carlicus? You'll have to find another for me brother. You know like, d**k head, pain in the a**, blabber board. I'm sure some here could give you other suggestions??.... Well, this is just too slow to watch anymore. Bbfny. Have a great one folks.
never put yourself down???? Yes big al is now yours,, i had a friend named big al ,, so thats good
  • #382,044
  • Jun 16, 2014 5:58am Jun 16, 2014 5:58am
Quoting albchr
{quote} lol... Hey, isn't that your nickname for carlicus? You'll have to find another for me brother. You know like, d**k head, pain in the a**, blabber board. I'm sure some here could give you other suggestions??.... Well, this is just too slow to watch anymore. Bbfny. Have a great one folks.
bb. I will see you 933
  • #382,045
  • Jun 16, 2014 6:06am Jun 16, 2014 6:06am
Quoting elbert3
{quote} bb. I will see you 933
... 9328 ish ... lol

See you later brother.
Ghost Rider - WWTBMD?
  • #382,046
  • Jun 16, 2014 6:26am Jun 16, 2014 6:26am
Quoting Davit
{quote} I would suggest not asking opinion of others.... GU climb had lot to do with Feds printing money then anything else...China is irrelevant in terms of Forex volume.
Actually more to so with the fact that the BoE were selling 3.5Bln T-Bills following daye so they drove the market up after hours through their chairman purposefully making a public state which would be vague enough to be able to retract later on but effective enough to cause a knee jerk market moving effect they needed to sell at inflated fx rate.

watch GPB drop now, they just came back up to recent highs to clear out the old orders which were still lying about....

the whole world is rigged. always has been always will be.
  • #382,047
  • Jun 16, 2014 6:47am Jun 16, 2014 6:47am
This is the best visual example of why its dangerous to short in an uptrend I can find...

First enter short somewhere high
then don't set an SL
now remember to wait (give it room, these things take time)

Your account will respond like this...

Attached Image
  • #382,048
  • Jun 16, 2014 6:55am Jun 16, 2014 6:55am
Quoting JimmyC
This is the best visual example of why its dangerous to short in an uptrend I can find... First enter short somewhere high then don't set an SL now remember to wait (give it room, these things take time) Your account will respond like this... {image}

  • #382,049
  • Jun 16, 2014 7:11am Jun 16, 2014 7:11am
Quoting JimmyC
This is the best visual example of why its dangerous to short in an uptrend I can find... First enter short somewhere high then don't set an SL now remember to wait (give it room, these things take time) Your account will respond like this... {image}
Oh my ... ... That was certainly an ..... unintelligent thing to do.....
Ghost Rider - WWTBMD?
  • #382,050
  • Jun 16, 2014 7:33am Jun 16, 2014 7:33am
Quoting JimmyC
This is the best visual example of why its dangerous to short in an uptrend I can find... First enter short somewhere high then don't set an SL now remember to wait (give it room, these things take time) Your account will respond like this... {image}
, did dat dude survive?
  • #382,051
  • Jun 16, 2014 7:53am Jun 16, 2014 7:53am
Looks like cable is topping out, if any of you guys follow correlations see the attached chart - it shows GBPUSD overlayed vs the USD TWI Index, in the past when the Index and the single currency pair contracted into one another after a period of divergence there was an ideal opportunity to short GBPUSD.

What it basically shows is that the correlation between GBPUSD and the USD TWI Index is very strong at the moment - which historically is a relationship that does not hold true as otherwise both instruments would move in tandem with each other on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP v USD TWI 16062014.jpg Size: 171 KB
  • #382,052
  • Jun 16, 2014 8:18am Jun 16, 2014 8:18am
Quoting JimmyC
This is the best visual example of why its dangerous to short in an uptrend I can find... First enter short somewhere high then don't set an SL now remember to wait (give it room, these things take time) Your account will respond like this... {image}
Nice picture, I have seen this picture many times in my trading life, but not today.
Intraday only.
  • #382,053
  • Jun 16, 2014 8:28am Jun 16, 2014 8:28am
short [email protected]. stoploss: 100 pips. looking for 200 pips profit
  • #382,054
  • Jun 16, 2014 8:43am Jun 16, 2014 8:43am
Quoting giveachance
short [email protected]. stoploss: 100 pips. looking for 200 pips profit
I was long in geppy since asian open. Just booked few pips profit.

In my opinion, it needs healthy retracement before moving up.
Intraday only.
  • #382,055
  • Jun 16, 2014 9:13am Jun 16, 2014 9:13am
yep..healthy retracement.. Nearing end of Q2 and gbp still is belong to bull rather than healthy 2 ways market.....
even the economy growing really that good beyond many predictions but still the fx not. Its far from healthy.
1.7 wall broken.. now what.. is there any chance cable still try to touch monthly 21 ema? or even good bye 1.666 ?
A handful of patience is worth a bushel of brains
  • #382,056
  • Jun 16, 2014 9:25am Jun 16, 2014 9:25am
Quoting albchr
{quote} ... 9328 ish ... lol See you later brother.
hi chris just back in ,what happened i was taken out at 1670 plus 6 pips ???
  • #382,057
  • Jun 16, 2014 9:33am Jun 16, 2014 9:33am
Quoting giveachance
short [email protected]. stoploss: 100 pips. looking for 200 pips profit
hi GC WHAT TIME FRAME DO YOU BASE THAT ON, I WAS JUST CHECKING HEIKEN ASHI TO SEE IF IT THE SAME
  • #382,058
  • Jun 16, 2014 9:35am Jun 16, 2014 9:35am
Quoting giveachance
{quote} makes me laugh at your wisdom. China is irrelevant??? what a joke???
Please do trade on your Chinese theory about GU and Forex....
Emergence of EU,GU from monthly lows was consequence not of Chinese involvement but direct printing of Feds,weak economy.This has little of any significance as far as moving price in months and months of upsurge.
I find it funny actually that you think not much different then conspiracy theorists.
Feel free not to respond because this is too obvious and embarrassing.
In trading, you have to be defensive and aggressive at the same time
  • #382,059
  • Jun 16, 2014 9:41am Jun 16, 2014 9:41am
Quoting elbert3
{quote} hi chris just back in ,what happened i was taken out at 1670 plus 6 pips ???
Ummmm...it went up? ... ... lol .... 7000 still being defended as of yet. Not sure but you know how good USD numbers always helps the dollar so much.

Now the TIC Long-Term Purchases were rather ugly. If I knew what that meant it might help some. But apparently it outweighs all the other crap?

Face it my man. We are shorting a bull market pure and simple. I know this and have known this for a very long time with every short I place. It's a risky game. It's why my shorts are small and on a tight leash unless PA shows a nice drop like last time from here. I cut those two shorts I had for a combined 18.7 loss.

http://www.forexfactory.com/showthre...16#post7538916

No biggy, they were small and just feelers for a retrace. Still not 100% convinced we won't get one but the upside pressure can't be ignored in my book. It's being "held" here for a reason me thinks.
Ghost Rider - WWTBMD?
  • #382,060
  • Jun 16, 2014 9:49am Jun 16, 2014 9:49am
If it breaks 1.6920 I am going short - it looks prime for at least 50-70 pips on the downside till 1.6840/80
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