Cable Update (GBPUSD) | Page 19277 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #385,521
  • Jul 3, 2014 6:03pm Jul 3, 2014 6:03pm
Quoting Davit
{quote} Hi HDA Good to see you back.You are right I shorted this beast little early but have not entered all my lots. 1.69 would be nice.Recent green numbers on unemployment is giving imputes for that to happen. Regards


hi Davit, hangman on gbpusd daily.
  • #385,522
  • Jul 3, 2014 7:08pm Jul 3, 2014 7:08pm
Quoting Facu
{quote} hi Davit, hangman on gbpusd daily.
The market closed at noon Eastern, so don't count that for a whole lot...

  • #385,523
  • Edited 8:32pm Jul 3, 2014 7:59pm | Edited 8:32pm
don't predict direction, but dance with flow of water
  • #385,524
  • Jul 3, 2014 8:15pm Jul 3, 2014 8:15pm
Quoting ffleo
{quote} ECB wanted euro to drop and euro dropped. RBA wanted aussie to drop and aussie dropped. BOE does not want cable to drop so cable refuses to drop. Carney repeatedly talks it up so cable went up. It depends on BOE more than it depends on fundamentals.


So, all the fundamentals, analysis are flopped.

  • #385,525
  • Jul 3, 2014 8:34pm Jul 3, 2014 8:34pm
Quoting Davit
{quote} Asia is pushing up on thin volume. These guys only know one button! Buy Its like Asian culture in general massively conforming to norms.Its like that Korean ship captain saying stay inside in sinking ship and almost all kids obeyed despite of ship sinking.... This is why almost all important scientific discoveries were made in the west.We are accustomed to think our own.
That's a really racist and ignorant statement. You're using a tragic event of a group of school kids dying because they listened to an adult in charge to say Asians can't think for themselves? You should be ashamed of yourself.

My heart goes out to all of those kids and their families, and that event is still very painful for many people.

You confuse having a strong social contract and strong family values with being a conformist. If you knew anything about Asian business management style, all voices are heard, so even young and less senior people join into the discussion and typically are allowed to speak first. The group is important but it doesn't make the individual less important. The same is true on a community and family level. It's called respect for others.

Besides inventing the written language, soap, ink, chess, perfume, paper, printing, glass, gunpowder, the umbrella, drinking alcohol, the compass, the toothbrush, the mirror, cartography, the satellite, and the blue LED (which transformed nearly every light bulb on the planet), there are many other important technological advancements which continue to come out of Asia.



As far as the charts are concerned, if price can't close above 1.7200- 1.7210, we'll probably get a pullback to 1.6900- 1.6877.

If Cable can close above that area, 1.7330 is in sight.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddailypb.png Size: 23 KB
  • #385,526
  • Jul 3, 2014 8:43pm Jul 3, 2014 8:43pm
Quoting Luther
{quote} That's a really racist and ignorant statement. You're using a tragic event of a group of school kids dying because they listened to an adult in charge to say Asians can't think for themselves? You should be ashamed of yourself. My heart goes out to all of those kids and their families, and that event is still very painful for many people. You confuse having a strong social contract and strong family values with being a conformist. If you knew anything about Asian business management style, all voices are heard, so even young and less senior...
Chill out.Don't make it bigger then it was.I deleted my post.I rather not get into it deeper.
Just funny episode of my life when I was a waiter.Every time we had 10 Chinese,Korean,Japanese groups we always tried to sell most expensive item to "leader of the group" because if he bought it almost all cases rest bought exactly the same.Sign of respect? or just plain conformity.


Regards
In trading, you have to be defensive and aggressive at the same time
  • #385,527
  • Jul 3, 2014 8:50pm Jul 3, 2014 8:50pm
Quoting Luther
{quote} Besides inventing the written language, soap, ink, chess, perfume, paper, printing, glass, gunpowder, the umbrella, drinking alcohol, the compass, the toothbrush, the mirror, cartography, the satellite, and the blue LED (which transformed nearly every light bulb on the planet), there are many other important technological advancements which continue to come out of Asia.


hey do you know the first missile was made by a king named" Tipu Sultan". he was king of "Maysor" , a place in sub-continent ( Now in India). It was round about 18th century.
  • #385,528
  • Jul 3, 2014 8:52pm Jul 3, 2014 8:52pm
Quoting ffleo
{quote} ECB wanted euro to drop and euro dropped. RBA wanted aussie to drop and aussie dropped. BOE does not want cable to drop so cable refuses to drop. Carney repeatedly talks it up so cable went up. It depends on BOE more than it depends on fundamentals.

I said gbp will fall when carney intervenes
  • #385,529
  • Edited 9:56pm Jul 3, 2014 8:53pm | Edited 9:56pm
Quoting Davit
{quote} Chill out.Don't make it bigger then it was.I deleted my post.I rather not get into it deeper. Regards
Don't tell me to chill out. Being a racist may not be a big deal for you, but as an Asian, I found your post highly insulting. Erasing derogatory comments doesn't change the fact you said them.
Quoting Davit
Just funny episode of my life when I was a waiter.Every time we had 10 Chinese,Korean,Japanese groups we always tried to sell most expensive item to "leader of the group" because if he bought it almost all cases rest bought exactly the same.Sign of respect? or just plain conformity. Regards

I just saw your additional comment about being a waiter in a restaurant serving Asians.

Most restaurants in Asia people share food that's put in the middle of the table, so everyone usually eats the same thing. It has nothing to do with conformity.

And if it's a business meal and people are ordering a la carte, it's typically expensed, so you let the senior person set price and the group orders accordingly. It's a sign of respect not to order something more expensive than your boss or elder (especially if they're footing the bill). Often people pay for the group and don't split the bill like Westerners do, so we take turns paying for meals when we go out to dinner. I do this all the time. In more casual settings people order different things, it just depends on the circumstances. But seriously, if you're basing your judgments solely on your experience as a waiter, you need to get out more.
  • #385,530
  • Jul 3, 2014 8:55pm Jul 3, 2014 8:55pm
Quoting Davit
{quote} Chill out.Don't make it bigger then it was.I deleted my post.I rather not get into it deeper. Just funny episode of my life when I was a waiter.Every time we had 10 Chinese,Korean,Japanese groups we always tried to sell most expensive item to "leader of the group" because if he bought it almost all cases rest bought exactly the same.Sign of respect? or just plain conformity. Regards
opss you did it again.
leave it, just be prepare for cable short, slow and study she will come to that point see you there.

regards.
don't predict direction, but dance with flow of water
  • #385,531
  • Jul 3, 2014 8:58pm Jul 3, 2014 8:58pm
Quoting giveachance
{quote} I said gbp will fall when carney intervenes
when Carney is going to intervene? He only talks it up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,532
  • Jul 3, 2014 9:21pm Jul 3, 2014 9:21pm
The cable went against the good fundamentals of US. I'm seeing a double top there but hopefully it is a double top. I didn't feel the impact of a good NFP until now. Will USD strenghten today or will start on monday?
  • #385,533
  • Jul 3, 2014 9:32pm Jul 3, 2014 9:32pm
Would any of you mind acting as a sounding board for a theory I have? After seeing first quarter US GDP contracted over 2%. Considering that is the public number, the real contraction is most likely more severe. It is my contention that the central banks around the world have agreed in concert to debase the dollar to enhance US GDP to prevent the United States reentering a recession with a consecutive contracting quarter, and thus undoing all the psychological work done to bring the masses back to a positive frame of reference regarding the economy. After examining technical on USD/Cad and Gbp/USD it is clear that both currencies are nearing a crucial valuation point which, once breached will continue for the next 'X' months.

In light of the above evidence it is my conclusion that the volatility and action we see in both pairs is Smart Money drawing in liquidity to allow them to fill their positions before what could be a major trend. Obviously this is speculation but curious what other members opinions are. All feedback appreciated. Thanks
  • #385,534
  • Jul 3, 2014 9:37pm Jul 3, 2014 9:37pm
Mr. Soros we need your help. Can you break Carney's back?????
  • #385,535
  • Edited 10:07pm Jul 3, 2014 9:48pm | Edited 10:07pm
Quoting Davit
{quote} Chill out.Don't make it bigger then it was.I deleted my post.I rather not get into it deeper. Just funny episode of my life when I was a waiter.Every time we had 10 Chinese,Korean,Japanese groups we always tried to sell most expensive item to "leader of the group" because if he bought it almost all cases rest bought exactly the same.Sign of respect? or just plain conformity. Regards
Respect for seniority is very important in Asian Culture.

Why do you assume simply conformity?

Oops don't worry, I just noticed it's been covered anyway.

BTW: They have only been hitting "buy", while you have only been hitting "sell".

maybe we all conformists
Come with me if you want to live....
  • #385,536
  • Jul 3, 2014 10:33pm Jul 3, 2014 10:33pm
1) wondering if ideal daily candle (( hang man )) can crush it down
2) after bad data this week from uk ,, and very good data from us
3) if cable needs 7330 , we should retrace at least 200 pips....470 pips without retrace
....
this pair will decline to at least 6920 before BOE decide regard rate by thursday next week (( my opinion ))
  • #385,537
  • Jul 3, 2014 10:44pm Jul 3, 2014 10:44pm
At this price (1716++) My Stochastic shows overbought area for multiple TF (M15, M30, H1, H4, D1) any comment?
  • #385,538
  • Jul 3, 2014 10:51pm Jul 3, 2014 10:51pm
Quoting ffleo
{quote} ECB wanted euro to drop and euro dropped. RBA wanted aussie to drop and aussie dropped. BOE does not want cable to drop so cable refuses to drop. Carney repeatedly talks it up so cable went up. It depends on BOE more than it depends on fundamentals.
gonna wait on 10th July...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd.png Size: 5 KB

this will tell us where to go
Keep calm and go GREEN...
  • #385,539
  • Jul 3, 2014 10:53pm Jul 3, 2014 10:53pm
Quoting julia2011
1) wondering if ideal daily candle (( hang man )) can crush it down 2) after bad data this week from uk ,, and very good data from us 3) if cable needs 7330 , we should retrace at least 200 pips....470 pips without retrace .... this pair will decline to at least 6920 before BOE decide regard rate by thursday next week (( my opinion ))

Agree for the retracement. I'll exit my shorts at 1.70 if that happens. I expect a no change in BOE rates also for next week. A dovish stance will for sure lead the retracement unless he states again his magic word "The BOE expects to increase the rates sooner". But it's still next week. Gonna hold my breath underwater for few more days
  • #385,540
  • Jul 3, 2014 11:01pm Jul 3, 2014 11:01pm
Quoting priceaction1
{quote} opss you did it again. leave it, just be prepare for cable short, slow and study she will come to that point see you there. regards.
Hi Guys,

I can assure you Davit meant no offense. I suppose it is difficult to characterize the sessions without coming across as xenophobic? But I think they certainly have their personalities.

I agree. On cable.
The world you desire can be won. It exists.. it is real.. it is possible..
577 traders viewing now