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Cable Update (GBPUSD)

  • #383,341
  • Jun 22, 2014 3:48am Jun 22, 2014 3:48am
This is another data worth to look at. These are indices I've overlayed clearly showing that since taper happened - the market choose pound as its favorite currency. Swiss franc is not on the chart however he follows euro pretty closely.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp.jpg Size: 104 KB
swing it!
  • #383,342
  • Jun 22, 2014 7:27am Jun 22, 2014 7:27am
Can anyone tell me is the rating hike in gbp vs dovish tone in Hellen words already priced in.???????????????
  • #383,343
  • Jun 22, 2014 9:05am Jun 22, 2014 9:05am
Maybe god he knows

Quoting samooh
Can anyone tell me is the rating hike in gbp vs dovish tone in Hellen words already priced in.???????????????
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,344
  • Jun 22, 2014 9:49am Jun 22, 2014 9:49am
im short again at 1.7019, t/p 1.6778, s/l will be open do to system rules, hopefully this will break this week
  • #383,345
  • Jun 22, 2014 12:11pm Jun 22, 2014 12:11pm
Hi Traders, what do you thing about this:
Attached Image (click to enlarge)
Click to Enlarge Name: W1_gbpusd_div.JPG Size: 55 KB
  • #383,346
  • Jun 22, 2014 12:12pm Jun 22, 2014 12:12pm
Sorry - gbpusd W1 - divergence Stoch 8-5-5
  • #383,347
  • Jun 22, 2014 12:18pm Jun 22, 2014 12:18pm
i think this monday market gonna reach 1.72 . and than we will have a bearish candle on weekly chart . if market reach 1.6970 than it will start to go down . and if it cross 1.7610 than market will go up . on monday we can see many high impacts on eur. and it will help eur/usd to go up. and eur/usd and gbp/usd have positive correlation . for positive correlation both market will move in same direction . so i think monday gbp/usd will go up . and if it touch 1.72 than we can open a sell order . otherwise if it hit 1.6970 than we should go with sell . BEST OF LUCK TRADERS.
  • #383,348
  • Jun 22, 2014 12:23pm Jun 22, 2014 12:23pm
Quoting beryl
Hi Traders, what do you thing about this: {image}
Ummm.... nothing.

What did you think in January and March?
  • #383,349
  • Jun 22, 2014 12:29pm Jun 22, 2014 12:29pm
Quoting grin
{quote} Ummm.... nothing. What did you think in January and March?
what exactly do you mean grin?
  • #383,350
  • Jun 22, 2014 12:34pm Jun 22, 2014 12:34pm
Quoting beryl
{quote} what exactly do you mean grin?
I mean that you could pop precisely the same question then.
  • #383,351
  • Jun 22, 2014 3:02pm Jun 22, 2014 3:02pm
Quoting Bones
Maybe god he knows {quote}
No emotions, just trade
  • #383,352
  • Jun 22, 2014 3:07pm Jun 22, 2014 3:07pm
Quoting tanmoyarthur
i think this monday market gonna reach 1.72 . and than we will have a bearish candle on weekly chart . if market reach 1.6970 than it will start to go down . and if it cross 1.7610 than market will go up . on monday we can see many high impacts on eur. and it will help eur/usd to go up. and eur/usd and gbp/usd have positive correlation . for positive correlation both market will move in same direction . so i think monday gbp/usd will go up . and if it touch 1.72 than we can open a sell order . otherwise if it hit 1.6970 than we should go with sell...
Check HDA vision. It is really ballanced. Also check this week news on cable and planned data. I do not think PA is strong enough. Lets wait monday.
No emotions, just trade
  • #383,353
  • Jun 22, 2014 10:33pm Jun 22, 2014 10:33pm
I don't want to scare the hell out of anyone but there is market talk that gbp/usd may reach 1.7175 by end of june. if it doesn't I personally will be happy but if it clears 1.7062 today or tomorrow a big short squeeze may happen going towards the target. as far as possible stay out of this pair for next 3 days.
  • #383,354
  • Jun 22, 2014 11:12pm Jun 22, 2014 11:12pm
Quoting giveachance
I don't want to scare the hell out of anyone but there is market talk that gbp/usd may reach 1.7175 by end of june. if it doesn't I personally will be happy but if it clears 1.7062 today or tomorrow a big short squeeze may happen going towards the target. as far as possible stay out of this pair for next 3 days.
Pair moves due to market talks?
Intraday only.
  • #383,355
  • Jun 22, 2014 11:35pm Jun 22, 2014 11:35pm
The CFTC figures indicates strong increase in net Long. From 36k to 57k.

So expect a decent correction from here.

Max 1.7065.
Intraday only.
  • #383,356
  • Jun 23, 2014 12:08am Jun 23, 2014 12:08am
EW
http://www.atradersnotepad.com/_/rsr...ve%20rules.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 30 KB
In trading, you have to be defensive and aggressive at the same time
  • #383,357
  • Jun 23, 2014 12:13am Jun 23, 2014 12:13am
Nice catch there Davit.

Assuming Carney does not screw things up, where are you thinking of setting your TP?

I have been wanting to short this mofo for a while but the bulls have been shrugging off the bears pretty defiantly
  • #383,358
  • Edited 12:30am Jun 23, 2014 12:16am | Edited 12:30am
Quoting Fadadio
Nice catch there Davit. Assuming Carney does not screw things up, where are you thinking of setting your TP? I have been wanting to short this mofo for a while but the bulls have been shrugging off the bears pretty defiantly
69 will bail out although I suspect it will go 6880 as well
On most basic level IR rates are 8-12months away.Price rarely goes straight up without corrections.

Regards
In trading, you have to be defensive and aggressive at the same time
  • #383,359
  • Jun 23, 2014 12:17am Jun 23, 2014 12:17am
Quoting navk
The CFTC figures indicates strong increase in net Long. From 36k to 57k. So expect a decent correction from here. Max 1.7065.

CFTC figures mean shit. when euro was at 1.26 cftc figures had 1.2k short euro positions. the next 2 weeks they reduced they were falling and the euro was still falling. it went to 1.22 eventually.
  • #383,360
  • Jun 23, 2014 1:10am Jun 23, 2014 1:10am
Quoting deltaone
{quote} ok: iŽll try: long @1,7009 sl 1,6979
closed long @1,7049. +40 pips
fortis fortuna adiuvat
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