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Cable Update (GBPUSD)

  • #385,041
  • Jul 2, 2014 8:59am Jul 2, 2014 8:59am
Week A
30th Apr ADP Act 220K Exp 203K
2nd May NFP Act 288K Exp 216K

Week B
2nd Jul ADP Act 281K Exp 207K
3rd Jul NFP Act ????? Exp 214K

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfdaily.png Size: 45 KB


Now we have the pre-NFP rump up, are we going to have another touch down tomorrow?

I have 1.7042 the last post-crisis high in mind, and can't stop think the price will go back to it soon for a re-test at least.
  • #385,042
  • Jul 2, 2014 9:00am Jul 2, 2014 9:00am
Quoting giveachance
it will need some balls to take out 7200 today or the high for that matter. sooner or later it has to forget abt the fact that forexfactory traders are shorting and that is why it needs to go up. cmom we are not wrong for so long now
I think Thodie said it best: Commercial or schizophrenic disorder?
Fix up, trade sharp ...
  • #385,043
  • Jul 2, 2014 9:03am Jul 2, 2014 9:03am
Quoting navk
{quote} See the chart here : The price has bounced off from support and retraced almost 50 %. If it passes 62 % and more, I can safely say bullish strength continues, until then no. {image}
Gotcha. Always nice to know what others are thinking.
Ghost Rider - WWTBMD?
  • #385,044
  • Jul 2, 2014 9:04am Jul 2, 2014 9:04am
Quoting albchr
{quote} Gotcha. Always nice to know what others are thinking.
That is why we are here.
Intraday only.
  • #385,045
  • Jul 2, 2014 9:04am Jul 2, 2014 9:04am
Quoting Ill-b-back
{quote} It's a pisser bro for sure, don't know how you do it man. Longer term, I see price staying above and to the right of these brown boundaries fences if you want my honest opinion and 6380 area now looks like strong support {image}
not sure i know how to do it bro..but picking the wrong side seems to come natural..i got unwanted kills oops i mean skills
  • #385,046
  • Jul 2, 2014 9:05am Jul 2, 2014 9:05am
On monthly, notice that for the past 8 month, cable has been following a tick-tock-tick pattern with one down month followed by on up month.

This pattern is a reflection of BOE Carney & Co. strategy to manipulate the market, I think they will continue to do this until both bulls and bears got fed up.

Last month is an up month, is this month going to be a down month?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfmonthly.png Size: 48 KB
  • #385,047
  • Jul 2, 2014 9:06am Jul 2, 2014 9:06am
Quoting navk
{quote} That is why we are here.
Especially since we seem to have a similar approach. SR, ma, FIB. See, this red line is the 50% SR. A close above it and the 61.8 is "almost" sure to go.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm5.png Size: 64 KB
Ghost Rider - WWTBMD?
  • #385,048
  • Jul 2, 2014 9:06am Jul 2, 2014 9:06am
Quoting albchr
{quote} Gotcha. Always nice to know what others are thinking.
Currently, with 50 % bounce, I would call it " neither bullish nor Bearish " after US news.
Intraday only.
  • #385,049
  • Jul 2, 2014 9:08am Jul 2, 2014 9:08am
Quoting albchr
{quote} ... CLASSIC!!
Sir, C

Fark it.. I dislike..

I know CAD will see 1.0805 again.. so no problem there. GU stuffed me well. If I just time my entries, I will be better off, But I tend to rush and that places me under stress. Position wise.

Reminds me of the 2 bulls walking down a fence - with all the pretty cows in the camp other side of the fence. The young bull gets all excited and say: " Let us jump the fence and each do a cow!". The old bull replied: "Meh - let us slowly walk through the gate a little lower down the path and do ALL of them. Why risk breaking something jumping the fence for a single cow?"



Trade well
  • #385,050
  • Jul 2, 2014 9:08am Jul 2, 2014 9:08am
Quoting albchr
{quote} Especially since we seem to have a similar approach. SR, ma, FIB. See, this red line is the 50% SR. A close above it and the 61.8 is "almost" sure to go. {image}
My theory is this :

With 50 % bounce, neither bullish, nor bearish.

But if the price manages to move more than 62 % and maintains abobe 61 % then sure to go top.
Intraday only.
  • #385,051
  • Jul 2, 2014 9:10am Jul 2, 2014 9:10am
Quoting Darkforce
On monthly, notice that for the past 8 month, cable has been following a tick-tock-tick pattern with one down month followed by on up month. This pattern is a reflection of BOE Carney & Co. strategy to manipulate the market, I think they will continue to do this until both bulls and bears got fed up. Last month is an up month, is this month going to be a down month? {image}
I think there is something to this. Thanks for sharing.
  • #385,052
  • Jul 2, 2014 9:11am Jul 2, 2014 9:11am
Quoting nAVIN2007
{quote} not sure i know how to do it bro..but picking the wrong side seems to come natural..i got unwanted kills oops i mean skills
Really tough business bro..
  • #385,053
  • Jul 2, 2014 9:12am Jul 2, 2014 9:12am
Quoting navk
{quote} Currently, with 50 % bounce, I would call it " neither bullish nor Bearish " after US news.
Yes, I would wait as well.

Do you have a 50ema on the 15M? it is now support again ATM. That's nothing concrete but just another piece. The 100ema is just below. Both 50 & 100 on the 5M as well.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm30.png Size: 57 KB
Ghost Rider - WWTBMD?
  • #385,054
  • Jul 2, 2014 9:15am Jul 2, 2014 9:15am
Quoting TauTrader
{quote} Sir, C Fark it.. I dislike.. I know CAD will see 1.0805 again.. so no problem there. GU stuffed me well. If I just time my entries, I will be better off, But I tend to rush and that places me under stress. Position wise. Reminds me of the 2 bulls walking down a fence - with all the pretty cows in the camp other side of the fence. The young bull gets all excited and say: " Let us jump the fence and each do a cow!". The old bull replied: "Meh - let us slowly walk through the gate a little lower down the path and do ALL of them. Why risk breaking...
Definitely think UCAD going back up there, Disaster for me if it doesn't get to 1.06-1.0610, that's where i was going to load up heavy on longs.. FF!!
  • #385,055
  • Jul 2, 2014 9:16am Jul 2, 2014 9:16am
Quoting TauTrader
{quote} Sir, C Fark it.. I dislike.. I know CAD will see 1.0805 again.. so no problem there. GU stuffed me well. If I just time my entries, I will be better off, But I tend to rush and that places me under stress. Position wise. Reminds me of the 2 bulls walking down a fence - with all the pretty cows in the camp other side of the fence. The young bull gets all excited and say: " Let us jump the fence and each do a cow!". The old bull replied: "Meh - let us slowly walk through the gate a little lower down the path and do ALL of them. Why risk breaking...
Sir Tau - Your wisdom never ceases to amaze me. Even in the barnyard.....
Ghost Rider - WWTBMD?
  • #385,056
  • Jul 2, 2014 9:19am Jul 2, 2014 9:19am
233 is point up again. Lets see how it handles supply.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #385,057
  • Jul 2, 2014 9:21am Jul 2, 2014 9:21am
Quoting Ck87
{quote} Definitely think UCAD going back up there, Disaster for me if it doesn't get to 1.06-1.0610, that's where i was going to load up heavy on longs.. FF!!
Sir - you can work all the way down to 1.0529 on CAD. That would be prime. But 1.0805 is on in weeks to come - first stop 1.0722 - then possibly 1.10. We have double purple - which normally indicates a reversal.
Attached Image (click to enlarge)
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  • #385,058
  • Jul 2, 2014 9:24am Jul 2, 2014 9:24am
All major currencies are dropping against the dollar, but only pound is going up against the dollar. Is BOE themselves behind the scene to pump their own currency? WTF is wrong with pound, never had a decent retrace over a year? This thing is running like spx on viagra?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,059
  • Jul 2, 2014 9:30am Jul 2, 2014 9:30am
Quoting ffleo
All major currencies are dropping against the dollar, but only pound is going up against the dollar. Is BOE themselves behind the scene to pump their own currency? WTF is wrong with pound, never had a decent retrace over a year? This thing is running like spx on viagra?
when I manage to get out my trade on cable, I will never touch this bitch again. kind frustrated. Even loonie and aussie have decent retrace after some time run on viagra. Pound is more rigged than other currencies.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,060
  • Jul 2, 2014 9:30am Jul 2, 2014 9:30am
Quoting ffleo
All major currencies are dropping against the dollar, but only pound is going up against the dollar. Is BOE themselves behind the scene to pump their own currency? WTF is wrong with pound, never had a decent retrace over a year? This thing is running like spx on viagra?
Someone is buying the crap out of it. GU Going up even against the $ rise.
Attached Image (click to enlarge)
Click to Enlarge Name: Index.PNG Size: 66 KB
Ghost Rider - WWTBMD?
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