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Cable Update (GBPUSD)

  • #382,121
  • Jun 17, 2014 3:36am Jun 17, 2014 3:36am
Quoting champoooy
{quote} Thanks, are you short biased too?
yes i had 1 long at 71 sold 74 short at 68
Attached Image (click to enlarge)
Click to Enlarge Name: day.png Size: 109 KB
target 10 ema white and hope more
  • #382,122
  • Jun 17, 2014 3:38am Jun 17, 2014 3:38am
I am Long and the situation doesn't look good at the moment, but I do believe it will be back at 1.7
  • #382,123
  • Jun 17, 2014 3:42am Jun 17, 2014 3:42am
Quoting thevolatile
I am Long and the situation doesn't look good at the moment, but I do believe it will be back at 1.7
You can not earn money if you just believe.
I am back. Actually, I never left...
  • #382,124
  • Jun 17, 2014 3:46am Jun 17, 2014 3:46am
Quoting thevolatile
I am Long and the situation doesn't look good at the moment, but I do believe it will be back at 1.7
well i obviously have no idea however 1.7 has to be a good point for price to resist passing easily..the figures have been great up to now..it should be tough to pass unless the trend long term is up

lets get lucky..
  • #382,125
  • Jun 17, 2014 3:46am Jun 17, 2014 3:46am
Targeting 1.6925 for today at minimum, not going to take profit there waiting for at least 1.68 level. This could be a longer term top that was set at 1.7...
  • #382,126
  • Jun 17, 2014 3:47am Jun 17, 2014 3:47am
Quoting taragula
{quote} You can not earn money if you just believe.

but u cannot earn money if u dont believe especailly in trading
  • #382,127
  • Jun 17, 2014 3:47am Jun 17, 2014 3:47am
Quoting Ck87
Targeting 1.6925 for today at minimum, not going to take profit there waiting for at least 1.68 level. This could be a longer term top that was set at 1.7...
We share the same thoughts. Good luck!
  • #382,128
  • Jun 17, 2014 3:50am Jun 17, 2014 3:50am
Quoting elbert3
{quote} the los of 1 can be the saviour of many ????
...
Ghost Rider - WWTBMD?
  • #382,129
  • Jun 17, 2014 3:51am Jun 17, 2014 3:51am
Quoting thevolatile
I am Long and the situation doesn't look good at the moment, but I do believe it will be back at 1.7

There's nothing wrong trusting your belief, everyone of us (or not) thinks that it is a long term uptrend, but not today. It's ok to still believe, for as long as your margin can hold the loss. Besides, there's still room to hedge it.
  • #382,130
  • Jun 17, 2014 3:51am Jun 17, 2014 3:51am
was holding long.. until now..
pray pray
  • #382,131
  • Jun 17, 2014 3:51am Jun 17, 2014 3:51am
WTF 1.5% Cpi results 30 pip!!!!!!!!! if was 1.8% could have resulted 90 pip 1.7060. anyway holding shorts 1.6978 and 1.6955, TP 1.6905 SL BE
  • #382,132
  • Jun 17, 2014 3:54am Jun 17, 2014 3:54am
Quoting elbert3
{quote} morning can you post chart ?? regardsE
With all respect, cant post. Usually look at iphone. I just consider that all cable news are reflected in this high price
No emotions, just trade
  • #382,133
  • Jun 17, 2014 3:56am Jun 17, 2014 3:56am
Hay guys ..
I want to ask something ..

What do you think about the trend of GBP ?
please give me your of all suggest
Visio Trade
  • #382,134
  • Jun 17, 2014 3:56am Jun 17, 2014 3:56am
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 97 KB
still risky not a good follow through,, 57 would be a nice resistance to the upside now ,target 6902 200 sma i think it might take some time out to regroup emas are saying short for now?? but still risky for me at this time Navin good luck as ever mate ,, were in the same boat for now ?? regards E
  • #382,135
  • Jun 17, 2014 3:59am Jun 17, 2014 3:59am
Quoting Janut
{quote} With all respect, cant post. Usually look at iphone. I just consider that all cable news are reflected in this high price
ok i have trader from iphone a couple of weeks ago in France i hope you get as lucky as we were ..
  • #382,136
  • Jun 17, 2014 4:03am Jun 17, 2014 4:03am
wow and we all thought the UK was doing so great - god that BOEBOSS should be nominated for an Oscar for this years best Talker.. hmmmm .. ole reg varney hey - he should stick to what he knows and keep on driving them buses ;-)

Big wave to A and E from here to over there and then over to the other there ...
  • #382,137
  • Jun 17, 2014 4:05am Jun 17, 2014 4:05am
Quoting scalpereagle
WTF 1.5% Cpi results 30 pip!!!!!!!!! if was 1.8% could have resulted 90 pip 1.7060. anyway holding shorts 1.6978 and 1.6955, TP 1.6905 SL BE
Euro strength keeping GBP up… but not going to last IMO. could continue until we see EU 1.3612..
  • #382,138
  • Jun 17, 2014 4:07am Jun 17, 2014 4:07am
Weaker CPI numbers again restricted CABLE from testing 1.7000 level. 1.6920 becomes crucial for the pair breaking which 1.6860 can become next level to test.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 31 KB
  • #382,139
  • Jun 17, 2014 4:07am Jun 17, 2014 4:07am
Quoting Ro.
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...
That's a very interesting chart Ro, thank you for sharing it. I was having a ponder about why a time of convergence, presumably following a period of significant divergence, might offer insight into future cable weakness. If you're inclined to elaborate in a public forum I would interested to hear your thoughts.
  • #382,140
  • Jun 17, 2014 4:08am Jun 17, 2014 4:08am
Quoting DerekTrotter
wow and we all thought the UK was doing so great - god that BOEBOSS should be nominated for an Oscar for this years best Talker.. hmmmm .. ole reg varney hey - he should stick to what he knows and keep on driving them buses ;-) Big wave to A and E from here to over there and then over to the other there ...
morning Dell not over yet waiting to confirm if its going lower? Carney was long gbus to 1700 now hes selling lol
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