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Cable Update (GBPUSD)

  • #382,401
  • Jun 17, 2014 10:27pm Jun 17, 2014 10:27pm
Quoting Junjava3
{image}{image}
@Junjava3. I notice that you (as many of us) has a notion that we are at the top. However, allow me to share another view. Here is the model we build back at 2001, and for this past 8 years, i found it still helpful. I also have a short for this pair, since it follow the model perfectly. However, imperfection happens, and there is a moderate possibility for an anomaly. Another few days may prove or deny it. I suggest a careful consideration for another week, then decide accordingly. However if the anomaly happened, with sound risk management, i will be OK. Consider most anomaly will be corrected at the next point.
Wish you all a lucky swing trade.
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Don't blame the tools. Blame the carpenter.
  • #382,402
  • Jun 17, 2014 10:55pm Jun 17, 2014 10:55pm
Hello GBP/US

I thought the bigger picture

was 1.70+

Got a few longs under water now

might have to suck it up for a few days

EUR/US should bounce sooner or later
  • #382,403
  • Jun 17, 2014 11:07pm Jun 17, 2014 11:07pm
Quoting Kajos2250
{quote} GU D1 GMT+3 Closeing in the bullish gap, rally is on the door {image}

The door is still closed until later's Votes and Speech. If the votes weren't 0-0-9, that's gonna be a problem. But if votes are still 0-0-9 then we shall wait few more hours until Wheale's speech. But Wheale is not really a halwkish type, correct me if i'm wrong. So yeah, the votes are much likely a relevant one. But I have this feeling of no change, I bet BOE wouldn't want to make a call this evening prior the FOMC speech, or else the effect would be doubled. I expect no changes for the BOE speech later, or prolly Wheale will just reiterate the "sooner interest rate expectation", could be worse if they say "the rate hike will now depend on the CPI numbers (which was actually unfavorable). Goodluck to everyone, I wish everyone, scalpers or not, gets green pips in the long run!


And ofcourse since I'm a bear, I want that be hive fall! Gimme honeys
  • #382,404
  • Jun 17, 2014 11:15pm Jun 17, 2014 11:15pm
gbp/usd - 1.6450 - end of august/beginning of sep
  • #382,405
  • Jun 17, 2014 11:17pm Jun 17, 2014 11:17pm
LEaving sell stops in for size below 1.6950 with a very tight stop, see if we can get a run.
Twitter: @TrendersGame
  • #382,406
  • Jun 18, 2014 12:24am Jun 18, 2014 12:24am
Quoting albchr
{quote} I understand completely. The only thing worse than waiting for a good entry to profit is waiting for a weak one to come back. I swing trade too and as such, I build positions into strength or weakness. Been sitting on some NU shorts in the red since last week. Not fun but if my TA is correct, they'll come out ok. 2 of the 4 are now in a little profit.
Al do you ever sleep - or r u just a 24 hour kinda guy
  • #382,407
  • Jun 18, 2014 12:28am Jun 18, 2014 12:28am
Quoting Jason Rogers
{quote} Hi GlobalMacro, I think we both may have misunderstood each other. What I meant in my previous post when I said in "Yes, but not for the reason you're suggesting." was that there was no reason to worry about trades positively impacted by the bad tick, because there were no positively impacted trades due to the bad tick. That's because no orders executed at the bad tick prices negatively or positively. However, the bad ticks did trigger margin calls on some...
i know what ur saying but i think it goes deeper than we think way deeper
  • #382,408
  • Jun 18, 2014 12:34am Jun 18, 2014 12:34am
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morning just in time sell off if it passes the white 10 .. just making the tea ,,ps if not buy it up
  • #382,409
  • Jun 18, 2014 12:36am Jun 18, 2014 12:36am
Quoting elbert3
{image} morning just in time sell off if it passes the white 10 .. just making the tea ,,ps if not buy it up
Morning E .. have a good one ..
  • #382,410
  • Jun 18, 2014 12:44am Jun 18, 2014 12:44am
Quoting ZebraSquirl
{quote} This is exactly my assessment ... . On the other hand, they could be deliberately vague on tapering and/or rate cuts, indicating that they are reviewing the issue on an ongoing basis, but that no determination as to a rate hike increase is set in stone. However, there are gruntings that QE isn't doing squat for the economy, and that its usefulness has been exhausted ... . Consequently, I could foresee them saying we're going to leave interest rates alone for now and aren't on a particular schedule to raise them, but that QE tapering can...
Nice assessment
  • #382,411
  • Jun 18, 2014 12:46am Jun 18, 2014 12:46am
Quoting DerekTrotter
{quote} Morning E .. have a good one ..
you too buddy, just putting in the sl wife off to work
  • #382,412
  • Jun 18, 2014 1:20am Jun 18, 2014 1:20am
Quoting DerekTrotter
{quote} Al do you ever sleep - or r u just a 24 hour kinda guy
20 not 24
Ghost Rider - WWTBMD?
  • #382,413
  • Jun 18, 2014 1:42am Jun 18, 2014 1:42am
Quoting albchr
{quote} 20 not 24
morning chris i sl and went long on my last post at 62 - 1 pip plus commission , but look at the chart 61 fib sits at a nice place, that would give me 10,, great???? but sell order could be ok we will see
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  • #382,414
  • Jun 18, 2014 1:49am Jun 18, 2014 1:49am
Quoting elbert3
{quote} morning chris i sl and went long on my last post at 62 - 1 pip plus commission , but look at the chart 61 fib sits at a nice place, that would give me 10,, great???? but sell order could be ok we will see {image}
Morning Billy, we're seeing the same thing. If not for the coming news, I'd be tempted to scalp this 20 pip range... within a range...within a range....today lol
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Ghost Rider - WWTBMD?
  • #382,415
  • Jun 18, 2014 1:51am Jun 18, 2014 1:51am
Quoting Jason Rogers
{quote} The fact remains, however, that even clients who don't contact us about this Sunday's bad tick would have had affected trades corrected.
It's only decent if every affected trade is corrected automatically.

Thanks for clarifying that, Jason.

BTW, I've got no dog in this race but I'd be damn if I had.

Would you be kind enough to let us know what caused this problem in the first place if and when you get further info...

You have a nice day now.
Hear the music before the song is over ...
  • #382,416
  • Jun 18, 2014 1:57am Jun 18, 2014 1:57am
Quoting albchr
{quote} Morning Billy, we're seeing the same thing. If not for the coming news, I'd be tempted to scalp this 20 pip range... within a range...within a range....today lol {image}
yes i am in long this morning with shorts backed up, no worries thou yesterday was a hard one but pulled quite a few out the bag,,? we have MrC soon and his men, we need a vote 9 out of 9 NO,,NO not might be ??? correct decision out of the common sense committee,,, if they have one?? it is my view that all department in all frames of decision making, have an overruling common sense committee to deal with lunatics that some way find themselves in a major positions. in our business thats me lol
  • #382,417
  • Jun 18, 2014 1:59am Jun 18, 2014 1:59am
today is a trap day. keep your stops tight. it may come down below 1.69 today.
  • #382,418
  • Jun 18, 2014 2:02am Jun 18, 2014 2:02am
Quoting giveachance
today is a trap day. keep your stops tight. it may come down below 1.69 today.
morning GC my sls are tight than my speedos on a horny day ???
  • #382,419
  • Jun 18, 2014 2:04am Jun 18, 2014 2:04am
Quoting elbert3
{quote} morning GC my sls are tight than my speedos on a horny day ???
ok good luck. a wild ride is coming on the downside. it can be fast and furious lol.
  • #382,420
  • Jun 18, 2014 2:05am Jun 18, 2014 2:05am
Quoting elbert3
{quote} yes i am in long this morning with shorts backed up, no worries thou yesterday was a hard one but pulled quite a few out the bag,,? we have MrC soon and his men, we need a vote 9 out of 9 NO,,NO not might be ??? correct decision out of the common sense committee,,, if they have one?? it is my view that all department in all frames of decision making, have an overruling common sense committee to deal with lunatics that some way find themselves in a major positions. in our business thats me lol
You know I was wanting it to rise to load more shorts right? Speak of the devil.... The Frankfurt fake perhaps? I may still bank the last pawn and wait to see.
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Ghost Rider - WWTBMD?
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