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Cable Update (GBPUSD)

  • #382,881
  • Jun 19, 2014 5:15am Jun 19, 2014 5:15am
Quoting Rtm
{quote} Dont listen to people that dont know how to hedge. Its not a bad idea here because 1 you can see price is at a very extreme point in terms of fundamentals and technicals. In which case there is no point in guessing which way it will go so if you wanna buy some to hedge your short then you might as well until the picture changes as it is right now could very well see another leg up given we break the major resistance we holding now.
Could you clearly explain how buying and selling at the same time can be profitable for someone else other than broker please?
Or you are talking about using spot market and futures contracts???
swing it!
  • #382,882
  • Jun 19, 2014 5:17am Jun 19, 2014 5:17am
has anybody got fib extended numbers around that 703 here's why not sure it a few pips out
Attached Image (click to enlarge)
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smaller tc
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 107 KB


Trade confirmation
On 19-Jun-2014 at 09:36:25 (GMT)
You sold GBPUSD @ 1.70276 for value date 23-Jun-2014 acc.
Front office position id: 139118946
Account:
  • #382,883
  • Jun 19, 2014 5:24am Jun 19, 2014 5:24am
i was expect free n fast fall start from fomc yesterday till end month.. but now ...Yellen completely ruin it duh....
n if carney let cable run n run above 1.7 oh well.. say hello to deflation era!
CPi hits the lowest since 2009 which gbp also 1.7 at that time.. mean UK economy now is still WAyyy not ready . He must cut the crap talking about price stability .
A handful of patience is worth a bushel of brains
  • #382,884
  • Jun 19, 2014 5:28am Jun 19, 2014 5:28am
Quoting Janut
in think we are close for a sell off. meanwhile some stops should be taken. Big whale has to eat smth.
from what level ? 1.703x or 1.71xx or 1.722x ? now i don't see the momentum yet. if cable give up from 7037 (i doubt it?) then still can say its double top...
n How far do you think it can fall? i'm thinking between 1.67x if from 1.703x or around 1.685x if from 1.722 for another complete 500+ pips cycle from 1.669? was expect fomc last night as catalyst big sell off.. but now well what do i know.. ...
A handful of patience is worth a bushel of brains
  • #382,885
  • Jun 19, 2014 5:31am Jun 19, 2014 5:31am
Quoting elbert3
has anybody got fib extended numbers around that 703 here's why not sure it a few pips out {image} smaller tc{image} Trade confirmation On 19-Jun-2014 at 09:36:25 (GMT) You sold GBPUSD @ 1.70276 for value date 23-Jun-2014 acc. Front office position id: 139118946 Account:
if my broker ever has a liquidity problem...I know where to turn to buy em pounds...my man always willing to sell at any level...
Hear the music before the song is over ...
  • #382,886
  • Edited 5:33am Jun 19, 2014 5:32am | Edited 5:33am
Quoting Kimchi
i was expect free n fast fall start from fomc yesterday till end month.. but now ...Yellen completely ruin it duh.... n if carney let cable run n run above 1.7 oh well.. say hello to deflation era! CPi hits the lowest since 2009 which gbp also 1.7 at that time.. mean UK economy now is still WAyyy not ready . He must cut the crap talking about price stability .
We still have USD unemployment claim coming. Yellen clearly disregard economy data from her speech. If this number really as bad as she expect, i would say welcome to 1.75xx area. If it turn out only moderately good. We see a retest for 1.6950 area, before coming back to 1.7. Sadly we can only wait and see. My sympathy for all who got already in this mess. From esoteric view, we have an anomaly coming, so maintain long till Agustus 2014, (imho) is my decision for now. Buying the dip as much as i can, and watch out for my equity level.
Attached Image (click to enlarge)
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Don't blame the tools. Blame the carpenter.
  • #382,887
  • Jun 19, 2014 5:51am Jun 19, 2014 5:51am
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPLFXH8.png Size: 40 KB
Ghost Rider - WWTBMD?
  • #382,888
  • Jun 19, 2014 5:51am Jun 19, 2014 5:51am
Quoting GlobalMacro
{quote} if my broker ever has a liquidity problem...I know where to turn to buy em pounds...my man always willing to sell at any level...
you will want to buy them later off me no doubt down at 9810 x
  • #382,889
  • Jun 19, 2014 6:12am Jun 19, 2014 6:12am
Quoting Makavell
You all should hold on to your pants cause this fucker is heading for 1.7031. bought at 1.6713 stop is rigid at 1.6581.
For all those that longed from 1.6713, BONA APETITE!!!
  • #382,890
  • Jun 19, 2014 6:25am Jun 19, 2014 6:25am
Quoting KecoaKecil
{quote} We still have USD unemployment claim coming. Yellen clearly disregard economy data from her speech. If this number really as bad as she expect, i would say welcome to 1.75xx area. If it turn out only moderately good. We see a retest for 1.6950 area, before coming back to 1.7. Sadly we can only wait and see. My sympathy for all who got already in this mess. From esoteric view, we have an anomaly coming, so maintain long till Agustus 2014, (imho) is my decision for now. Buying the dip as much as i can, and watch out for my equity level....
im afraid usd employement claim now cant do much help except big surprise from fomc monetary which wont happen anytime soon.. but i would b happy to close some my gu shorts when small retrace...
middle of June is supposed to be a good support for usd... neverthless I think what can send cable down now only bad data affected from this high currency , TP n pa level , n.. maybe surprised from BOE ?
A handful of patience is worth a bushel of brains
  • #382,891
  • Jun 19, 2014 6:38am Jun 19, 2014 6:38am
Quoting Kimchi
{quote} im afraid usd employement claim now cant do much help except big surprise from fomc monetary which wont happen anytime soon.. but i would b happy to close some my gu shorts when small retrace... middle of June is supposed to be a good support for usd... neverthless I think what can send cable down now only bad data affected from this high currency , TP n pa level , n.. maybe surprised from BOE ?
Only if BOE willing to cut-rate. Agree that number would not do much, but if we see 300K or below, that might make FED reconsider her stance. Its only an opinion, and we are no economist expert.
Don't blame the tools. Blame the carpenter.
  • #382,892
  • Jun 19, 2014 6:39am Jun 19, 2014 6:39am
When it will fall ... oh my god :/
  • #382,893
  • Jun 19, 2014 6:40am Jun 19, 2014 6:40am
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  • #382,894
  • Jun 19, 2014 6:41am Jun 19, 2014 6:41am
Attached Image (click to enlarge)
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trying sell order 32
Trade confirmation
On 19-Jun-2014 at 11:42:28 (GMT)
You sold GBPUSD @ 1.70322 for value date 23-Jun-2014
Front office position id: 139121472
Account:
  • #382,895
  • Jun 19, 2014 6:49am Jun 19, 2014 6:49am
Quoting elbert3
{image} trying sell order 32 Trade confirmation On 19-Jun-2014 at 11:42:28 (GMT) You sold GBPUSD @ 1.70322 for value date 23-Jun-2014 Front office position id: 139121472 Account:
all that you need is blessing. It is being hopeless since granny yellen came in.
  • #382,896
  • Jun 19, 2014 6:49am Jun 19, 2014 6:49am
Quoting frietzak
Hmm, I'm in two minds whether or not I should hedge my underwater shorts. I know it's late, but I doubt whether the top is reached. What would you do? Best regards, Frietzak
don't hedge. cut the loss and start fresh. it will be a irritating phase now.
  • #382,897
  • Jun 19, 2014 6:52am Jun 19, 2014 6:52am
Quoting giveachance
{quote} all that you need is blessing. It is being hopeless since granny yellen came in.
lets hope this is the one 19 down yesterday break even now less 2 commissions this morning so 40 would be a good start
  • #382,898
  • Jun 19, 2014 6:53am Jun 19, 2014 6:53am
Quoting tomspin
{quote} Could you clearly explain how buying and selling at the same time can be profitable for someone else other than broker please? Or you are talking about using spot market and futures contracts???

absolutely. this hedging process is total nonsense in my view. short term happiness for long term loss. most of the times you close the profit position early and then loss becomes unmanageable from the total profit you earned from the winiing position.
  • #382,899
  • Jun 19, 2014 6:55am Jun 19, 2014 6:55am
Quoting elbert3
{quote} lets hope this is the one 19 down yesterday break even now less 2 commissions this morning so 40 would be a good start
I am just wondering where it is going to stop now or rally all the way to 1.75. I am confused all the way round on this pair.
  • #382,900
  • Jun 19, 2014 6:56am Jun 19, 2014 6:56am
Quoting elbert3
{quote} lets hope this is the one 19 down yesterday break even now less 2 commissions this morning so 40 would be a good start
What's your average price so far,Billy, if I may ask?
Hear the music before the song is over ...
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