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Cable Update (GBPUSD)

  • #384,441
  • Jun 30, 2014 11:04am Jun 30, 2014 11:04am
Quoting frietzak
Hi everyone, I always appreciate that everyone shares his ideas and thoughts on FF. And so I thought why wouldn't I share my thoughts. It may well be that my ideas will not happen, but I still like to share them with you. I think the big guys have been working towards this week. See the bullish movement in GBPUSD, EURUSD, GOLD and SILVER. Sorry, I like to think in conspiracies. I think the bullish movement of the past week (s) was no different than a strategic move by the big guys. First they come up with manipulated GDP numbers to sow fear. This...
you are not wrong. Big speculative funds are loaded with the dollar, for it to go up.

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #384,442
  • Jun 30, 2014 11:06am Jun 30, 2014 11:06am
Quoting JimmyC
{quote} Hi Chris, its just a tech level but this pair is finding its way north no matter what our techs tell us, I'm wary of a global event though. Taking pain on the equity side especially on indexes, low volatility and sideways up has made it very tough to trade lately, fewer setups and slower progress... bump and grind
Well, I don't know what other folks techs are saying but mine still say we're squarely in the bull trend. I have not waivered from that overall view one bit. Now many of us, myself included of course, have been selling the retraces as we can. But as I've maintained, every short I take is just that. A CT trade. Just popped in a couple up here. Tight leash, close eye, lets' see.

This bull run has been so well structured it's the kind that just marches through level after level. Like a slow train. It may take a while but try and stop it...lol

We have not even seen the 50% of the 2008 crash. Have folks forgotten how much GU love the 50%?
Ghost Rider - WWTBMD?
  • #384,443
  • Jun 30, 2014 11:11am Jun 30, 2014 11:11am
Quoting navk
{quote} The FIB theory is sh.. or what ? Have you seen retracement for the bulls to reload?
Hi navk

generally speaking the breakout area will be tested, it would be best to look for a long in this general area... Could be lower

GU 1H

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  • #384,444
  • Jun 30, 2014 11:15am Jun 30, 2014 11:15am
who the fuck is generating that kind of volume at this point in the day??? 1.7115. crazy. moherfucker
  • #384,445
  • Jun 30, 2014 11:18am Jun 30, 2014 11:18am
You can just "feel" the banks clearing orders for M/Q/H....no?
Ghost Rider - WWTBMD?
  • #384,446
  • Jun 30, 2014 11:19am Jun 30, 2014 11:19am
this is oustanding , brilliant , a 100 pips rally without taking a break , without news , and in a MONDAY , just toilet $ paper being sold off.
Get Rich or Die Tryin
  • #384,447
  • Jun 30, 2014 11:20am Jun 30, 2014 11:20am
Quoting Davit
{quote} Look man be happy with your bull pips but stop fging posting ridiculous numbers
good, I am not the only one to come out beating him up (Jimm) for his ridiculous things. Where does the freaking 1.74 come from?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #384,448
  • Jun 30, 2014 11:20am Jun 30, 2014 11:20am
more dovish commentary from FED Muppets. bastards.

Williams says Fed won’t raise rates ‘for some time’
  • #384,449
  • Jun 30, 2014 11:21am Jun 30, 2014 11:21am
Quoting giveachance
more dovish commentary from FED Muppets. bastards. Williams says Fed won’t raise rates ‘for some time’

all these fucking dovish guys should be thrown out.
  • #384,450
  • Jun 30, 2014 11:22am Jun 30, 2014 11:22am
Quoting albchr
You can just "feel" the banks clearing orders for M/Q/H....no?
GU was going down until 6am then all coordinated attack.
I suspect and its obvious London was selling Sterling but NY totally dumped the USD.So much for patriotism.... lol
Only silver lining NU did not join the pack.
I guess Yellen did a good job of being as lame duck as possible. Cheap USD =more services sold oversees and better for Economy meanwhile each cent increase on Euro kills roughly 10k jobs in France.
In trading, you have to be defensive and aggressive at the same time
  • #384,451
  • Jun 30, 2014 11:22am Jun 30, 2014 11:22am
Quoting JimmyC
{quote} Hi navk generally speaking the breakout area will be tested, it would be best to look for a long in this general area... Could be lower GU 1H {image}
I agree. I think it mat happen after tomorrow's data.
  • #384,452
  • Jun 30, 2014 11:25am Jun 30, 2014 11:25am
Quoting JimmyC
{quote} Hi navk generally speaking the breakout area will be tested, it would be best to look for a long in this general area... Could be lower GU 1H {image}
Yeah, 7062/7030 have been resistance area previously.
Intraday only.
  • #384,453
  • Jun 30, 2014 11:28am Jun 30, 2014 11:28am
Quoting Davit
{quote} GU was going down until 6am then all coordinated attack. I suspect and its obvious London was selling Sterling but NY totally dumped the USD.So much for patriotism.... lol Only silver lining NU did not join the pack. I guess Yellen did a good job of being as lame duck as possible. Cheap USD =more services sold oversees and better for Economy meanwhile each cent increase on Euro kills roughly 10k jobs in France.
boss it may. just wait for tomorrow's china data. it is make or break for NU.
  • #384,454
  • Jun 30, 2014 11:28am Jun 30, 2014 11:28am
some traders are married to positions - now they have a war of roses:

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fortis fortuna adiuvat
  • #384,455
  • Jun 30, 2014 11:28am Jun 30, 2014 11:28am
Move like this could always been a bull trap.

Combination of Monday+month end+quarter end+NFP week, market could be buying rumour.
  • #384,456
  • Jun 30, 2014 11:30am Jun 30, 2014 11:30am
I think because of 4th of July holiday they squeezed the rally into 3 days before NFP , that is why 100 pips for no reason , motherf----------s
  • #384,457
  • Jun 30, 2014 11:37am Jun 30, 2014 11:37am
Quoting JimmyC
GU Monthly multi-year highs... Note a close above 1.7140 opens monthly swing to 1.92 area -bears be cautious - no long term shorts till October I suspect. Next major R is historically 1.74 then 1.782 open large TF and look west PA is following its bullish hx, if I was a bear I would wait for 1.74... {image} Regards, J
Agree with you Jimmy
By the way, you have very nice analysis Jim
we're in the same camp..
i'm long from 1.70 and will holding my long..
Respect for you
i want to see how far this monster will go
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #384,458
  • Jun 30, 2014 11:38am Jun 30, 2014 11:38am
Quoting giveachance
{quote} all these fucking dovish guys should be thrown out.
hi GC i just love your words lol we will get them back 5 lots now from sunday night i dont want holding them i might have to get out on some profit even a pip lol ....not really lol E
  • #384,459
  • Jun 30, 2014 11:40am Jun 30, 2014 11:40am
Quoting ffleo
{quote} you are not wrong. Big speculative funds are loaded with the dollar, for it to go up. {image}
There's still a room for USD to drop..
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #384,460
  • Jun 30, 2014 11:40am Jun 30, 2014 11:40am
Quoting Darkforce
Move like this could always been a bull trap. Combination of Monday+month end+quarter end+NFP week, market could be buying rumour.
I am not advocating shorting cable at the moment, too dangerous.

I am simply just saying that be aware of the possibility of a head fake, and wait for a pull back to the break out level for a long.

There's no supply zone, no PA to support a short atm.
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