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Cable Update (GBPUSD)

  • #383,781
  • Jun 25, 2014 2:34pm Jun 25, 2014 2:34pm
Quoting Bones
Im not sure if we need to wait for Carney, see how day close in 4 hour http://www.telegraph.co.uk/finance/p...pay-rises.html {image}
my H4 didn't close yet, so what you see is not what I see at the moment.
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Get Rich or Die Tryin
  • #383,782
  • Jun 25, 2014 2:42pm Jun 25, 2014 2:42pm
The articles not important tbh ,really i already thought raising rates was bull, this year ,and they already put some measures in to slow housing ,
But thats not as important as the daily close ,I don't think about in trading



Quoting Bones
may be true in London ,but generally I dont think its outside money driving price, fact is theres not enough housing ,and the goverment are stimulating market British people have an obsession to owning property ,as a good investment ,me included But I suspect the new borrowing rules will have an effect all on thier own,in time intrest rates really wont have to rise much to put a lot of people in trouble, {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,783
  • Jun 25, 2014 2:48pm Jun 25, 2014 2:48pm
went long, terrible time of the day but level is right, will go for 1,7150, got some limits lower if we break last session's low
Risk here is 10/1 where my stop is,
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swing it!
  • #383,784
  • Jun 25, 2014 2:55pm Jun 25, 2014 2:55pm
Quoting Davit
{quote} It is managed by Carney shrewd master former Goldman Sachs employee.When it dips he opens his mouth drops "Interest" word and it spikes 150pips then he gets overwhelmed by reaction and downplays on his comments. Fundamentally Very high Sterling and low Euro are in conflict.This scenario does not work well in the EZ Mario already is committed keeping Euro low hence only loser from greater picture is UK. If you have same pruduct produced by country England $48 EZ $32 US $20 Then its obvious export market will suffer.One can argue...
Your analysis we helpful though. For how long should we continue to wait cos i usually do not trade for anything less than 50 pips
The fragrance remains in the hands of those that gves the rose
  • #383,785
  • Jun 25, 2014 3:10pm Jun 25, 2014 3:10pm
looks like knock back off big r/n ?


Quoting tomspin
went long, terrible time of the day but level is right, will go for 1,7150, got some limits lower if we break last session's low Risk here is 10/1 where my stop is, {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,786
  • Edited 3:44pm Jun 25, 2014 3:23pm | Edited 3:44pm
Gidday GBP/US

Thought this turd was going to hell

F&&&k seems to sniffing around the 1.70

With the EUR crawling up again

Just pissed at myself for closing longs out of fear

Excuse me a minute while, i go outside an give myself

a good kick up the ass
  • #383,787
  • Jun 25, 2014 3:29pm Jun 25, 2014 3:29pm
Quoting Bones
looks like knock back off big r/n ? {quote}
definitely, I would feel more comfy about drop to 1,6880/1,6837 window. Generally I would like(expect) some sell off in Pound if rates are in play as nobody want to buy that high. Sell off is very welcome here but needs to be triggered by something rather big - we are already falling in mortgage approvals(nothing dramatic) and footsie creating large R unlike dax and sp rallying on red GDP(!!!)
Is it enough? no idea, I will drop a line over the weekend as we are closing Q2 in the markets about what I think.
Attached Image
swing it!
  • #383,788
  • Jun 25, 2014 3:39pm Jun 25, 2014 3:39pm
just my two cents in pidgin english:

cable already has the highest interest rate of all major currencies, interest hike is announced.
uk has the highest gdp growth rate of all g7 members, and itīs inflation rate is modest in relation to the us and japan.
unemployment rate is the lowest since 2009.
services and housing market are much more important for gdp growth than industrial production in germany f.e., therefore the external value is not that crucial.

thoughts of a scalper

i prefer to scalp in the direction of the trend, and cable-uptrend is stable.

green pips to everybody...
fortis fortuna adiuvat
  • #383,789
  • Jun 25, 2014 3:59pm Jun 25, 2014 3:59pm
I think for the guys and gals that have been long term short cable...

This encapsulates the full experience of the last 6 months

Inserted Video


  • #383,790
  • Jun 25, 2014 4:02pm Jun 25, 2014 4:02pm
Quoting JimmyC
I think for the guys and gals that have been long term short cable... This encapsulates the full experience of the last 6 months http://youtu.be/KgB8uuWfX5M
What would Soros do now, if he had shorted at the wrong time? Nobody would have ever known him ^^
Fix up, trade sharp ...
  • #383,791
  • Jun 25, 2014 4:04pm Jun 25, 2014 4:04pm
Quoting Kajos2250
{quote} GU D1 GMT+3 Could not close under invalidation ~6980, still in IB mother bar, last peak under testing. Buy stop .7017 again... Good luck! {image}
GU D1 GMT+3

Holding all longs, invalidation close under ~6980 failed again.
Price could not left the mother bar of IB, but this can not be named a real Fakey setup because of the doji...
Broken major ~6968 resistance by a gap is a good place for bulls again.
I hope the bearish correction trend is over and ~7120 MPR2 can be touched.
.7017 buy stop is still active and new buy limit .6968 placed.
Invalidation remains if price could close under ~6980...

Good luck!
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Anything is math!
  • #383,792
  • Jun 25, 2014 4:04pm Jun 25, 2014 4:04pm
Quoting JimmyC
I think for the guys and gals that have been long term short cable... This encapsulates the full experience of the last 6 months http://youtu.be/KgB8uuWfX5M
fortis fortuna adiuvat
  • #383,793
  • Jun 25, 2014 4:11pm Jun 25, 2014 4:11pm
Quoting Hickson
{quote} What would Soros do now, if he had shorted at the wrong time? Nobody would have ever known him ^^
If you read the full account of what Sorros did and when he did it, its a legendary trade... And its not different to winning the lottery other than the odds are probably a million times greater of a single trader having the ability to manipulate clear event in his favour at a perfect place and time...

Something you could only do if you were in this category to start with...

Inserted Video
  • #383,794
  • Jun 25, 2014 4:12pm Jun 25, 2014 4:12pm
i will sell @ 1.850 before then, i am done with this thrash
The fragrance remains in the hands of those that gves the rose
  • #383,795
  • Jun 25, 2014 4:16pm Jun 25, 2014 4:16pm
are you sure ?

Quoting deltaone
just my two cents in pidgin english: cable already has the highest interest rate of all major currencies, interest hike is announced. uk has the highest gdp growth rate of all g7 members, and itīs inflation rate is modest in relation to the us and japan. unemployment rate is the lowest since 2009. services and housing market are much more important for gdp growth than industrial production in germany f.e., therefore the external value is not that crucial. thoughts of a scalper i prefer to scalp in the direction...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,796
  • Jun 25, 2014 4:23pm Jun 25, 2014 4:23pm
Quoting Bones
are you sure ? {quote}
yes i am

gbp 0,5 chf < 0,25 usd <0,25 eur 0,15 jpy < 0,10

http://de.statista.com/statistik/dat...rungsreserven/
fortis fortuna adiuvat
  • #383,797
  • Edited 4:47pm Jun 25, 2014 4:26pm | Edited 4:47pm
Quoting JimmyC
{quote} If you read the full account of what Sorros did and when he did it, its a legendary trade... And its not different to winning the lottery other than the odds are probably a million times greater of a single trader having the ability to manipulate clear event in his favour at a perfect place and time... Something you could only do if you were in this category to start with... http://youtu.be/NNam3gQJ2Is
I agree, more of a big narration than a real trader.
Fix up, trade sharp ...
  • #383,798
  • Jun 25, 2014 4:33pm Jun 25, 2014 4:33pm
Quoting Bones
are you sure ? {quote}
well, it depends on the definition - nzd, aud and cad are not that important in my point of view (reserve currency hold by central banks)
fortis fortuna adiuvat
  • #383,799
  • Jun 25, 2014 4:34pm Jun 25, 2014 4:34pm
kinda close , what about the other major currencies ,

Quoting deltaone
{quote} yes i am gbp 0,5 chf < 0,25 usd <0,25 eur 0,15 jpy < 0,10 http://de.statista.com/statistik/dat...rungsreserven/
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #383,800
  • Jun 25, 2014 4:34pm Jun 25, 2014 4:34pm
I'm only talking about the majors

Quoting deltaone
{quote} well, it depends on the definition - nzd, aud and cad are not that important in my point of view (reserve currency hold by central banks)
On-site guru & also FF member's' psychiatrist, when not drinking tea
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