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Cable Update (GBPUSD)

  • #384,481
  • Jun 30, 2014 2:08pm Jun 30, 2014 2:08pm
Gidday GBP/US

Chase the longs up an up

If I start loading into longs now above 1.71

I will get caught out

So got a short in 1.711 to 1.69

My longs got smoked,one left running

Thinking cap on

EUR/US must have a bug up its ass

must be taking the long way to hell
  • #384,482
  • Jun 30, 2014 2:10pm Jun 30, 2014 2:10pm
Quoting eliteincome
Gidday GBP/US Chase the longs up an up If I start loading into longs now above 1.71 I will get caught out So got a short in 1.711 to 1.69 My longs got smoked,one left running Thinking cap on EUR/US must have a bug up its ass must be taking the long way to hell
Love the post man! haha nice!
All posts are my personal opinion
  • #384,483
  • Jun 30, 2014 4:04pm Jun 30, 2014 4:04pm
Quoting Kajos2250
{quote} GU D1 GMT+3 Buy stop triggered, buy limit deleted. ~6968 support rejection makes me to strength the longs, buy stop .7043. Invalidation stayed if price could close under ~6980... Good luck! {image} {image}
GU D1 GMT+3

I love trends and its resoult expected MN PR2 touched, next is ~7168.
13 longs of 19 closed, booked a lot
Strong bullish closed MN candle!
Prepareing for the further strength at the moment buy limit .7068 .7037 and 6997.
Invalidation unchanged if price could close under ~6980.
We will see the more in the 2nd half of the week...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 55 KB
Anything is math!
  • #384,484
  • Jun 30, 2014 4:16pm Jun 30, 2014 4:16pm
GU quarterly
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd q.png Size: 23 KB
Anything is math!
  • #384,485
  • Jun 30, 2014 4:18pm Jun 30, 2014 4:18pm
Quoting Kajos2250
GU quarterly {image}
middle of the road now 4 sure

Attached Image
  • #384,486
  • Jun 30, 2014 4:45pm Jun 30, 2014 4:45pm
Quoting JimmyC
{quote} Hi Timos Each time QE has eased to stopping point the market has some sort of tantrum In theory the end of QE will fire the dollar bulls up with bearish implications for the major crosses. Mrs Yellen has also offered the potential for a rate increase, not a large one but theoretically if money supply decreases ie dollar printing stops then the dollar value should increase. Many market commentators note that this is due by Fall or Oct sometime in that area... but the continual red news prints in the US may cause tapering to stop or be slowed......
Thanks you for your time to reply.
It explains a lot,especially to me because i don't follow fundamentals,i am technical trader.
  • #384,487
  • Jun 30, 2014 5:09pm Jun 30, 2014 5:09pm
Quoting JimmyC
{quote} middle of the road now 4 sure {image}
Thanks JimmyC and Kajos. A longer-term view puts things in a nice perspective ... . I have also looked at the pair back to August of 2009, and I guess I could also take the view that it has been locked in a long-term range, but that it is now poised to "break out of the box," so to speak, exposing the 1.272 at 1.7879:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP:USD Weekly.jpg Size: 441 KB


As a largely short-term scalp trader, this would be astounding to me ... . However, the monthly RSI appears to be gesturing in that direction ..., and price has closed at or above the 200 month MA since (it looks like) March.

On a shorter-term basis, however, the pair is ticking me off. Given the fact that it's at support/resistance and appears to be overbought, I want to short the darn thing. But it's not clear that it's finished with its bullish dance, which could go on for some time.
Fireworks are fun ... as long as you don't blow your fingers off.
  • #384,488
  • Jun 30, 2014 7:56pm Jun 30, 2014 7:56pm
Quoting JimmyC
{quote} Each time an R breaks it opens the targets above it. this varies from TF to TF On the monthly charts we are severely over-bough without proper consolidation or retrace, that leaves us with levels S/R. The probability of a rate hike in GBP is higher than in US Dollar fundamentals change in October as tapering ends this should cap cable at this stage but depends on Carney We're going through major R after major R, for you and I given our trading styles we can manage this but it is unsafe for the less experienced traders to try short this monster...
Hi Jimmy
Its all good.I was in irritable mood today.Sorry that my post was a bit rude.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #384,489
  • Jul 1, 2014 1:09am Jul 1, 2014 1:09am
this thread has gone quite as if someone has died. maybe this is the turnaround time for bears
  • #384,490
  • Jul 1, 2014 1:09am Jul 1, 2014 1:09am
Having read this forum for a few months i decided to join - OK no big deal .. but simple seems best ...

SELL at 171
  • #384,491
  • Jul 1, 2014 1:14am Jul 1, 2014 1:14am
Yea, everyone fears as usually So what does everyone think where we go?
  • #384,492
  • Jul 1, 2014 1:16am Jul 1, 2014 1:16am
Quoting giveachance
this thread has gone quite as if someone has died. maybe this is the turnaround time for bears
Most of us dead today.
Intraday only.
  • #384,493
  • Jul 1, 2014 1:17am Jul 1, 2014 1:17am
Quoting navk
{quote} Most of us dead today.
why???? it is climbing to 1.75 today???
  • #384,494
  • Jul 1, 2014 1:18am Jul 1, 2014 1:18am
Quoting geektrader
Yea, everyone fears as usually So what does everyone think where we go?
I don't think it will go much below 7077 pivot point tonight, but could be wrong if Manufacturing PMI gives good/bad results. I don't think things will move much until NFP.

need it to go down tonight, buggered up a trade the other night looking for a "quick fix" of trading. Should have just gone to bed before opening the pos, not after.
Negative return, ahhhh....
Second star to the right, and straight on 'til morning
  • #384,495
  • Jul 1, 2014 1:19am Jul 1, 2014 1:19am
Quoting giveachance
{quote} why???? it is climbing to 1.75 today???
Then most of us will be buried today itself.
Intraday only.
  • #384,496
  • Edited 1:53am Jul 1, 2014 1:23am | Edited 1:53am
Quoting navk
{quote} Most of us dead today.
Attached Image (click to enlarge)
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morning looking to get out
  • #384,497
  • Jul 1, 2014 1:25am Jul 1, 2014 1:25am
Quoting elbert3
{quote} {image}
Yeah, 7060, 50, 37 all are levels. But I doubt it will go below 7060 today.
Intraday only.
  • #384,498
  • Jul 1, 2014 1:27am Jul 1, 2014 1:27am
Quoting elbert3
{quote} {image}
Nice charting Bro - u a 20 and 5 ema trader then? cool whats ur take must be sell looking at your charts.
  • #384,499
  • Jul 1, 2014 1:49am Jul 1, 2014 1:49am
Quoting Standov
....need it to go down tonight, buggered up a trade the other night looking for a "quick fix" of trading.
You leverage yourself at 74:1 as a 'quick fix' before bedtime??

How do you even sleep after that?
  • #384,500
  • Jul 1, 2014 1:51am Jul 1, 2014 1:51am
Gidday GBP/US

First time trading 1.71 area in this pair

If you traders talking 1.75

we need the EUR/US to climb also
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