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Cable Update (GBPUSD)

  • #385,541
  • Jul 3, 2014 11:10pm Jul 3, 2014 11:10pm
some bastard is doing mischevious and decided to print in a new high. he failed by 3 pips. we have a 24 pip one way move in asian session. I wonder what they like so much about the pound
  • #385,542
  • Jul 3, 2014 11:13pm Jul 3, 2014 11:13pm
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
this is out of question boss. even if you get 1.71 be content
  • #385,543
  • Jul 3, 2014 11:16pm Jul 3, 2014 11:16pm
Quoting giveachance
some bastard is doing mischevious and decided to print in a new high. he failed by 3 pips. we have a 24 pip one way move in asian session. I wonder what they like so much about the pound
This reminds me of Christmas eve Stop hunt on Euro over 100pips pomp then dump.
Low liquidity is ideal for brokers pushing for stops
75% retail short on Cable....
Asia making new highs all their own....
In trading, you have to be defensive and aggressive at the same time
  • #385,544
  • Jul 3, 2014 11:20pm Jul 3, 2014 11:20pm
Quoting giveachance
some bastard is doing mischevious and decided to print in a new high. he failed by 3 pips. we have a 24 pip one way move in asian session. I wonder what they like so much about the pound
it is not the GU they are worried about it is the GJ when UJ came down they bought GU to keep it alive ,retailers like GJ better than GU to hunt the stops
  • #385,545
  • Jul 3, 2014 11:23pm Jul 3, 2014 11:23pm
Quoting Davit
{quote} This reminds me of Christmas eve Stop hunt on Euro over 100pips pomp then dump. Low liquidity is ideal for brokers pushing for stops 75% retail short on Cable.... Asia making new highs all their own....
I remember that day. I was sucked in that day. on friday usually in one of the sessions mischief happens. what i find strange is why is jpy being sold. gbp/jpy has rallied from 116 to 175 imagine in 2 years. 5900 pips in 2 years.
  • #385,546
  • Jul 3, 2014 11:25pm Jul 3, 2014 11:25pm
Quoting Kmb Finance
{quote} it is not the GU they are worried about it is the GJ when UJ came down they bought GU to keep it alive ,retailers like GJ better than GU to hunt the stops
I agree. first 1hr of UK session is imp now. if they ramp it to 1.7200 then they may trigger short covering to get it to 1.73
  • #385,547
  • Jul 3, 2014 11:27pm Jul 3, 2014 11:27pm
lots of people are stuck in GJ short position and keep paying interest ,that is another reason why they keep it up
  • #385,548
  • Jul 3, 2014 11:28pm Jul 3, 2014 11:28pm
Quoting Kmb Finance
{quote} it is not the GU they are worried about it is the GJ when UJ came down they bought GU to keep it alive ,retailers like GJ better than GU to hunt the stops
if you look at G/J chart last 15 min vs Cable you'll see G/J is still where it was but Cable is pushing higher.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusd.m15.png Size: 40 KB
In trading, you have to be defensive and aggressive at the same time
  • #385,549
  • Jul 3, 2014 11:32pm Jul 3, 2014 11:32pm
Quoting giveachance
{quote} I remember that day. I was sucked in that day. on friday usually in one of the sessions mischief happens. what i find strange is why is jpy being sold. gbp/jpy has rallied from 116 to 175 imagine in 2 years. 5900 pips in 2 years.

Yen was suffering from deflation. So it's not just the GJ, every JPY pair did went up. This will further continue until the BOJ say the Yen is recovering and the abenomics has indeed achieve it's goal, inflation. I think they did say such thing recently. I'm not sure when but they did say that Japan's contractual monetary policy and their tax hike are working. There will be a huge yen appreciation when they achieve a justifiable inflation.
  • #385,550
  • Jul 3, 2014 11:33pm Jul 3, 2014 11:33pm
Quoting Davit
{quote} if you look at G/J chart last 15 min vs Cable you'll see G/J is still where it was but Cable is pushing higher. {image} {image}
i am looking at 1, 5 /10 /15/ 30 all of it when they sold UJ GJ went down to 175.21 and then they bought GU it went up to 175.33 right away
  • #385,551
  • Jul 3, 2014 11:33pm Jul 3, 2014 11:33pm
Quoting giveachance
{quote} I agree. first 1hr of UK session is imp now. if they ramp it to 1.7200 then they may trigger short covering to get it to 1.73
do you think UK funds have more money than Japanese funds? No they do not. UK funds are pussycats whipped around by Japanese funds. Soros whipped BOE once; Japanese funds can whip them million times.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,552
  • Jul 3, 2014 11:35pm Jul 3, 2014 11:35pm
i watched the show all yesterday night as well if GJ went down 5 pips they either worked on UJ or GU that is how banks do arbitration
  • #385,553
  • Jul 3, 2014 11:38pm Jul 3, 2014 11:38pm
Quoting Kmb Finance
i watched the show all yesterday night as well if GJ went down 5 pips they either worked on UJ or GU that is how banks do arbitration
the only way to lower pound is to make the pound in Japanese hands worth nothing. That is to lower rate, not to hike rate.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,554
  • Jul 3, 2014 11:43pm Jul 3, 2014 11:43pm
Quoting Davit
{quote} This reminds me of Christmas eve Stop hunt on Euro over 100pips pomp then dump. Low liquidity is ideal for brokers pushing for stops 75% retail short on Cable.... Asia making new highs all their own....
I remember this one and trading from an airport.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #385,555
  • Jul 3, 2014 11:47pm Jul 3, 2014 11:47pm
carney even does not talk pound down. Dradhi at least talks euro down.

What carney talks is to raise rate sooner than later. They want the pound go up. They basically have nothing to export, a high pound does not hurt them.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,556
  • Jul 3, 2014 11:54pm Jul 3, 2014 11:54pm
rely on carney to intervene? It is not gonna happen.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,557
  • Jul 3, 2014 11:55pm Jul 3, 2014 11:55pm
Gidday GBP

Well longs all hit again

One left to 1.72

Lets see if it stays up here
  • #385,558
  • Jul 4, 2014 12:07am Jul 4, 2014 12:07am
Quoting Davit
{quote} This reminds me of Christmas eve Stop hunt on Euro over 100pips pomp then dump. Low liquidity is ideal for brokers pushing for stops 75% retail short on Cable.... Asia making new highs all their own....
yes it was 27/12. when stop at 1.3830-70 area was swiped. and pop corn effect was observed.
today is almost complete one years of bull run of cable from when she was print low @1.4814 on 9/7. and we can't see more than two week of bear. after every second week of bear there was a bull. total 19 bear weeks and 33 bull weeks.
did you notice at major turning point there will be a fire work so I am waiting for that and also for a kiss of death spike.
don't predict direction, but dance with flow of water
  • #385,559
  • Jul 4, 2014 12:13am Jul 4, 2014 12:13am
Quoting eliteincome
Gidday GBP Well longs all hit again One left to 1.72 Lets see if it stays up here
don't be greedy buddy, my stops still hold 1.718
close the remaining also
i know you want to short
  • #385,560
  • Jul 4, 2014 12:14am Jul 4, 2014 12:14am
see what they did on 4/7 and 5/7 of last year. almost 420 pips down in two days. 420
don't predict direction, but dance with flow of water
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