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Cable Update (GBPUSD)

  • #383,681
  • Jun 25, 2014 8:21am Jun 25, 2014 8:21am
This is one of those cases when fundamental do not lead the directions on the market.
No emotions, just trade
  • #383,682
  • Jun 25, 2014 8:23am Jun 25, 2014 8:23am
Quoting albchr
Well, I just dealt with a huge broker freeze. Got out of AU +20 GU +93 EA I closed before news with a couple. NU?? .... Looks like more MM to keep covering those open wounds. Still, this is not the launch I expected on such bad US numbers.
82 and out on that Al said i did not like that 15 min,, i did not put a long entry in ,, my friend turned up at the house,, good job sl was on i cant see where to go at this time ,,lets wait a little
  • #383,683
  • Jun 25, 2014 8:24am Jun 25, 2014 8:24am
Quoting Ck87
{quote} This move was about EURO strength/Dollar weakness The GBP has remained weakest of EU AU NU GU group. This is a normal reaction from 1.6950 level as far as i can tell. We shall see
ftse 100 is keeping sterling at bay
  • #383,684
  • Jun 25, 2014 8:27am Jun 25, 2014 8:27am
the cable entering bull market so wait to retest 1.70000000000000

then it will cross 1.7059
  • #383,685
  • Jun 25, 2014 8:29am Jun 25, 2014 8:29am
Quoting Janut
Cable should have gone already at least 50 pips up. it did not happen. Conclusion? May be market consider tomorrow Carney shall sent cable where it should be - south. Still consider shorting is better. 16994 and 13640 shorted

there are still 6.5 hrs for the US session to end.you guys are behaving as if world has ended. gbp/usd has still not taken out 1.7011 which is imp level for me today. the fact that usd/jpy went close to 101.60 means those stops are in real danger and can get tripped again which can fire gbp up again. but tomorrow we have carney. so don't forget that
  • #383,686
  • Jun 25, 2014 8:35am Jun 25, 2014 8:35am
Quoting elbert3
{quote} 82 and out on that Al said i did not like that 15 min,, i did not put a long entry in ,, my friend turned up at the house,, good job sl was on i cant see where to go at this time ,,lets wait a little
Yep I'm waiting now.

Now this broker freeze sucks for sure but I'm not blaming it completely here. I could have had over 150 on GU, 35+ on AU and about +70 on two of the NU shorts. So, broker freeze sucks? Yes. Bad decisions suck more? YES!

I should know better. Having the NU underwater for so long and "hoping" to cover it with a home run on others. Oh well.... NEXT!
Ghost Rider - WWTBMD?
  • #383,687
  • Jun 25, 2014 8:35am Jun 25, 2014 8:35am
Keenly will skyrocket despite nAVV2007 as mARK cARNY
  • #383,688
  • Jun 25, 2014 8:37am Jun 25, 2014 8:37am
Seems some don't understand how important it is that GU has failed at 1.7040--1.7050.

No matter what your indicators say on your charts or whatever else, that's the most important signal right now.
  • #383,689
  • Jun 25, 2014 8:39am Jun 25, 2014 8:39am
Quoting Ck87
Seems some don't understand how important it is that GU has failed at 1.7040--1.7050. No matter what your indicators say on your charts or whatever else, that's the most important signal right now.
I agree. I don't think this is a run away bull here. Stopped dead at 7000.
Ghost Rider - WWTBMD?
  • #383,690
  • Jun 25, 2014 8:39am Jun 25, 2014 8:39am
Quoting giveachance
{quote} there are still 6.5 hrs for the US session to end.you guys are behaving as if world has ended. gbp/usd has still not taken out 1.7011 which is imp level for me today. the fact that usd/jpy went close to 101.60 means those stops are in real danger and can get tripped again which can fire gbp up again. but tomorrow we have carney. so don't forget that
Trade confirmation
On 25-Jun-2014 at 13:36:29 (GMT)
You sold GBPUSD @ 1.69953 for value date 27-Jun-2014
Front office position id: 139433079
Account:

let see if the 200 on the 15 and the 20 ema on the 4 hour have stopped the advance,, i don't think the move was strong GC what do you think ???
  • #383,691
  • Jun 25, 2014 8:41am Jun 25, 2014 8:41am
Quoting albchr
{quote} I agree. I don't think this is a run away bull here. Stopped dead at 7000.
Just needs a nice little push under 6990 and we can drop back towards those daily lows
  • #383,692
  • Jun 25, 2014 8:42am Jun 25, 2014 8:42am
Quoting albchr
{quote} I agree. I don't think this is a run away bull here. Stopped dead at 7000.
i got 7003 but hey ,, different brokers ?? 7017 if it goes any where for now
  • #383,693
  • Jun 25, 2014 8:45am Jun 25, 2014 8:45am
Quoting elbert3
{quote} Trade confirmation On 25-Jun-2014 at 13:36:29 (GMT) You sold GBPUSD @ 1.69953 for value date 27-Jun-2014 Front office position id: 139433079 Account: let see if the 200 on the 15 and the 20 ema on the 4 hour have stopped the advance,, i don't think the move was strong GC what do you think ???
LOL... you beat me by 1.3 pips there Billy.
Ghost Rider - WWTBMD?
  • #383,694
  • Jun 25, 2014 8:45am Jun 25, 2014 8:45am
Quoting elbert3
{quote} i got 7003 but hey ,, different brokers ?? 7017 if it goes any where for now
i got 1.6704 in c trader
  • #383,695
  • Jun 25, 2014 8:46am Jun 25, 2014 8:46am
Quoting elbert3
{quote} i got 7003 but hey ,, different brokers ?? 7017 if it goes any where for now
LOL... yeah, 70035 here. I was just calling the round number. Dam picky group! ....
Ghost Rider - WWTBMD?
  • #383,696
  • Jun 25, 2014 8:49am Jun 25, 2014 8:49am
Quoting albchr
{quote} I agree. I don't think this is a run away bull here. Stopped dead at 7000.
No surprise really, I think a nice move like this against the run of play and longs were always likely to close when it hit this round number coupled with the 61.8% retrace. It may still go higher today towards 7015, I'd be surprised to see it go higher, or it could fall fast to back where it came from today, but my hunch is that trading is pretty much done for the day
  • #383,697
  • Jun 25, 2014 8:51am Jun 25, 2014 8:51am
I can't understand why GBP needs to be so strong. Surely this will be hurting British exports. Carney has no choice but to talk it down unless we're caught in a chest-beating exercise for posterity. Pound Sterling is ever-truculent now and wants to hover around 1.70xxx. Maybe it is a veiled attempt at presenting itself as a viable major reserve currency.
  • #383,698
  • Jun 25, 2014 8:52am Jun 25, 2014 8:52am
Quoting elbert3
{quote} Trade confirmation On 25-Jun-2014 at 13:36:29 (GMT) You sold GBPUSD @ 1.69953 for value date 27-Jun-2014 Front office position id: 139433079 Account: let see if the 200 on the 15 and the 20 ema on the 4 hour have stopped the advance,, i don't think the move was strong GC what do you think ???
made 100 pips on that on 2 positions yesterday. today not watching. sold gbp/jpy. that puppy is coming in for a ride
  • #383,699
  • Jun 25, 2014 8:52am Jun 25, 2014 8:52am
Quoting cat
{quote} No surprise really, I think a nice move like this against the run of play and longs were always likely to close when it hit this round number coupled with the 61.8% retrace. It may still go higher today towards 7015, I'd be surprised to see it go higher, or it could fall fast to back where it came from today, but my hunch is that trading is pretty much done for the day
Yeah, I'm thinking there's options around 7000 today for 10am? Sure seems to be holding here.
Ghost Rider - WWTBMD?
  • #383,700
  • Jun 25, 2014 8:57am Jun 25, 2014 8:57am
Quoting giveachance
{quote} made 100 pips on that on 2 positions yesterday. today not watching. sold gbp/jpy. that puppy is coming in for a ride
172.899 that me ,,well done on the ton ,,lol
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