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Cable Update (GBPUSD)

  • #385,081
  • Jul 2, 2014 9:55am Jul 2, 2014 9:55am
Quoting albchr
{quote} Yes, red line, 78.6 Lets see what happens. {image}
The Cable, if it wants to reverse, will try to retest the top.

I doubt it has done that now.
See what happened on 17 th June.
Intraday only.
  • #385,082
  • Jul 2, 2014 9:56am Jul 2, 2014 9:56am
Quoting Darkforce
{quote} I remember I've seen an article some where argue that BOE knowing this in their mind, and speculate that they probably want to take advantage of strong sterling to offset the pressure on a rising domestic inflation. Can't find the original article otherwise I'll share. I found this argument quite interesting though.
I expect the dollar to bounce big, to overpower pound soon.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,083
  • Jul 2, 2014 9:57am Jul 2, 2014 9:57am
Quoting DerekTrotter
{quote} 171 500 sold .. Catch u in a few weeks E . good pip hunting .. Cameras are a rolling ...
Como te va, superestrella...
Hear the music before the song is over ...
  • #385,084
  • Jul 2, 2014 9:57am Jul 2, 2014 9:57am
Quoting navk
{quote} The Cable, if it wants to reverse, will try to retest the top. I doubt it has done that now. See what happened on 17 th June.
no new high for today.
  • #385,085
  • Jul 2, 2014 9:57am Jul 2, 2014 9:57am
Quoting albchr
{quote} Yes, red line, 78.6 Lets see what happens. {image}
You can see from EMA's ( 100 and 200 ) that the price will be ranging today.

No clear bias according to EMA's positioning.
Intraday only.
  • #385,086
  • Jul 2, 2014 9:58am Jul 2, 2014 9:58am
Quoting albchr
{quote} Sir Tau - Look at the upside, you can still drink it. ....
This happened to me once, but the smaller opening resulted in lower flow rate which actually made me feel that there's more juice in the can than it should be, this could be an upside too.
  • #385,087
  • Jul 2, 2014 9:58am Jul 2, 2014 9:58am
Quoting navk
{quote} The Cable, if it wants to reverse, will try to retest the top. I doubt it has done that now. See what happened on 17 th June.
Worth 10 pips risk to me to find out at this point. I think it will consolidate some here.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm5.png Size: 78 KB
Ghost Rider - WWTBMD?
  • #385,088
  • Jul 2, 2014 9:59am Jul 2, 2014 9:59am
Quoting giveachance
{quote} no new high for today.
Wait let us see if the offers ( 7168/7176 ) are consumed
Intraday only.
  • #385,089
  • Jul 2, 2014 10:00am Jul 2, 2014 10:00am
Quoting ffleo
{quote} I expect the dollar to bounce big, to overpower pound soon.
Lol, I really hope so.

To be honest, I feel more comfortable to sell pound here than buying it, as long as there's good reason and good PA.
  • #385,090
  • Jul 2, 2014 10:00am Jul 2, 2014 10:00am
Quoting Darkforce
{quote} This happened to me once, but the smaller opening resulted in lower flow rate which actually made me feel that there's more juice in the can than it should be, this could be an upside too.
Ghost Rider - WWTBMD?
  • #385,091
  • Jul 2, 2014 10:01am Jul 2, 2014 10:01am
Quoting albchr
{quote} Sir Tau - Look at the upside, you can still drink it. ....
Yip - people can achieve amazing things..

Thank you for the encouragement. I now left only 1 position in CAD - added to GU. Now we wait..
Attached Image
  • #385,092
  • Jul 2, 2014 10:07am Jul 2, 2014 10:07am
Looks like selling opportunity here...
Intraday only.
  • #385,093
  • Jul 2, 2014 10:08am Jul 2, 2014 10:08am
Something tells me Granny Yelling isn't being nice to the dollar. GBP still being bought like water in the desert ATM.
Ghost Rider - WWTBMD?
  • #385,094
  • Jul 2, 2014 10:09am Jul 2, 2014 10:09am
Quoting navk
Looks like selling opportunity here...
not until 7160 is broken but they are definitely trapping people at this level. It can go to 7200 or 7100 from here
  • #385,095
  • Edited 10:21am Jul 2, 2014 10:09am | Edited 10:21am
This is Not Sell time The Sell start after 1.72700 And Remember 10 July Interest Rate Decision And bank of England Going To Increase Rate According Last Mark Carney S peach. This is my Opinion Otherwise as you Like....
  • #385,096
  • Jul 2, 2014 10:11am Jul 2, 2014 10:11am
Quoting gammase1
{quote} It's wistful thinking to postulate that the BOE are rigging the markets.
Every central banks rig the markets. why BOE is so nice, as not to rig the market?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,097
  • Jul 2, 2014 10:12am Jul 2, 2014 10:12am
Quoting ffleo
{quote} that is also what I wondered. UK basically imports more than exports, so high pound benefit importing.

what do they actually export..?
whatever it is..it must be bloody tough
  • #385,098
  • Jul 2, 2014 10:17am Jul 2, 2014 10:17am
Green crosses red or my short is dead.
Attached Image (click to enlarge)
Click to Enlarge Name: !t-gbpusdmm233.png Size: 77 KB
Ghost Rider - WWTBMD?
  • #385,099
  • Jul 2, 2014 10:18am Jul 2, 2014 10:18am
Quoting nAVIN2007
{quote} what do they actually export..? whatever it is..it must be bloody tough
UK Current account deficit is at record high, I think the export just collapsed.
Attached Image (click to enlarge)
Click to Enlarge Name: UK_Current_Account_Deficit.png Size: 15 KB
  • #385,100
  • Jul 2, 2014 10:19am Jul 2, 2014 10:19am
Posting here what happened on 17 th june. Similar to today.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 58 KB
Intraday only.
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