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Cable Update (GBPUSD)

  • #386,461
  • Jul 10, 2014 11:37am Jul 10, 2014 11:37am
Quoting GlobalMacro
Now that just about everyone on the thread had an opportunity to reply to OA's concerns, it's probably a good idea for the person in question to address the points put to him as a matter of course and put an end to this.
yes i should ??
  • #386,462
  • Jul 10, 2014 11:40am Jul 10, 2014 11:40am
Quoting albchr
{quote} Oh you little so and so you... ....lol .... I'm tempted but was waiting for 45?? Maybe not though.
only 5 i dont think that was good entry now 50% is 135 142 is 61% on the pull back today ?? could be on a loss here best wait
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  • #386,463
  • Jul 10, 2014 11:40am Jul 10, 2014 11:40am
Quoting Bones
t really id be careful about long ,looks very much like continuation that currently under round number , {quote} {image}
Sir Bones,

thank you for your comment. I am terrible at reading PA - so I always admire the traders that show the skill of reading the candles, the patterns and the levels. I'm useless in that field.

So - I take note. I do however believe there are a few to take before things change..

All success to you

Regards and thank you again
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  • #386,464
  • Jul 10, 2014 11:43am Jul 10, 2014 11:43am
Quoting elbert3
{quote} only 5 i dont think that was good entry now 50% is 135 142 is 61% on the pull back today ?? could be on a loss here best wait {image}
Last hour closed over the 50 & 100ema's. Soooo... I'm a look here now. But "may" build before it.

EDIT: Whoops...sorry bro. Yes just a couple over the 61.8%
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Ghost Rider - WWTBMD?
  • #386,465
  • Jul 10, 2014 11:45am Jul 10, 2014 11:45am
closed all gu shorts at 7130 -$800 partly because of NU shorts threatening margin...

Re-entered shorts at 2x 7160 2x7151 2x 7132

Interesting London sells due mostly of recent poor data but NY buys it up after London Close.
Looks like NY has far more pessimistic outlook...
Since we are roughly 6-12months away from interest rate hike I anticipate correction 1st before going 173 and higher.
That's just my thinking but I could be proven wrong as well
much of feel good UK data is showing cracks retail and manufacturing showing red numbers.
In trading, you have to be defensive and aggressive at the same time
  • #386,466
  • Jul 10, 2014 11:45am Jul 10, 2014 11:45am
also T eur on its own potential very bear unless it can break back in ,


Quoting TauTrader
{quote} Sir Bones, thank you for your comment. I am terrible at reading PA - so I always admire the traders that show the skill of reading the candles, the patterns and the levels. I'm useless in that field. So - I take note. All success to you Regards and thank you again
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #386,467
  • Jul 10, 2014 11:54am Jul 10, 2014 11:54am
Quoting Davit
closed all gu shorts at 7130 -$800 partly because of NU shorts threatening margin... Re-entered shorts at 2x 7160 2x7151 2x 7132 Interesting London sells due mostly of recent poor data but NY buys it up after London Close. Looks like NY has far more pessimistic outlook... Since we are roughly 6-12months away from interest rate hike I anticipate correction 1st before going 173 and higher. That's just my thinking but I could be proven wrong as well
Hi Davit

How r u doing? I sent u message earlier as well but u did not reply...anyways I have been following ur analysis for quite some time n i must say i am impressed ...I am sailing in the same as u r ...but m in far deep water than you... holding my shorts from 163, 164 165 166 .... n now m tired waiting for GU to come down to these levels ...

Do u think It will soon go to 167 atleast .... In my view yes it should as M expecting good data to come from US and avg data from UK .... n top US is thinking to stop buying bonds anymore which is good for usd .... What is ur view ..??

Thanks
  • #386,468
  • Jul 10, 2014 11:54am Jul 10, 2014 11:54am
Some daily harmonic patterns for you. I wouldn't be surprized if G/U broke this daily PRZ, and invalidated the structure entirely, but still a pretty nice pattern.

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These intraday patterns are a bit sketchy but they all seemed to play out. Wish i posted this SS last night before the last one made its move lol...

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  • #386,469
  • Jul 10, 2014 11:56am Jul 10, 2014 11:56am
Quoting Davit
closed all gu shorts at 7130 -$800 partly because of NU shorts threatening margin... Re-entered shorts at 2x 7160 2x7151 2x 7132 Interesting London sells due mostly of recent poor data but NY buys it up after London Close. Looks like NY has far more pessimistic outlook... Since we are roughly 6-12months away from interest rate hike I anticipate correction 1st before going 173 and higher. That's just my thinking but I could be proven wrong as well much of feel good UK data is showing cracks
Hey Davit. Nice to see you back brother. I finally took a bath on my reaming NU shorts. Made "some" of it up but not all. Not going near it right now. I think your view on GU is pretty good myself. I see the same on the big charts for a correction first. We'll see. Until then I just keep selling and banking, selling and banking...lol

I'd buy too (hedge) these up moves if not in the states.
Ghost Rider - WWTBMD?
  • #386,470
  • Jul 10, 2014 12:03pm Jul 10, 2014 12:03pm
Quoting albchr
{quote} Always the gent.


Let's rock..

Bikerman

Regards
  • #386,471
  • Jul 10, 2014 12:04pm Jul 10, 2014 12:04pm
Quoting albchr
{quote} Hey Davit. Nice to see you back brother. I finally took a bath on my reaming NU shorts. Made "some" of it up but not all. Not going near it right now. I think your view on GU is pretty good myself. I see the same on the big charts for a correction first. We'll see. Until then I just keep selling and banking, selling and banking...lol I'd buy too (hedge) these up moves if not in the states.
posting from LA
NU is giving me punches left and right but I am still standing...
I have no idea why RBNZ is bent on raising rates when house prices are actually declining and high currency will destroy their export business.
I personally think these bankers are totally out of touch with reality.I have been reading ton of info on NZ economy and right now continued raising IR is not the best option specially on face of poor Chinese recent data.
I just know this is going to tank fast and reason why I am holding out.
regards
In trading, you have to be defensive and aggressive at the same time
  • #386,472
  • Jul 10, 2014 12:05pm Jul 10, 2014 12:05pm
Quoting TauTrader
{quote} Let's rock.. Bikerman Regards
Tau, your on a high lol what offer do you want lol
  • #386,473
  • Jul 10, 2014 12:06pm Jul 10, 2014 12:06pm
Quoting TauTrader
{quote} Let's rock.. Bikerman Regards
....

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Ghost Rider - WWTBMD?
  • #386,474
  • Jul 10, 2014 12:07pm Jul 10, 2014 12:07pm
I'm still not over this....
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  • #386,475
  • Jul 10, 2014 12:08pm Jul 10, 2014 12:08pm
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  • #386,476
  • Jul 10, 2014 12:09pm Jul 10, 2014 12:09pm
Quoting JimmyC
I'm still not over this.... {image}
Trade confirmation
On 10-Jul-2014 at 19:08:06 (GMT)
You sold 1 GBPUSD @ 1.71374 for value date 14-Jul-2014
Front office position id: 140020855
Account: 5589929

one lot now that's confidence lol missed 142 entry
  • #386,477
  • Jul 10, 2014 12:13pm Jul 10, 2014 12:13pm
Quoting JimmyC
I'm still not over this.... {image}
..
Attached Image
Ghost Rider - WWTBMD?
  • #386,478
  • Jul 10, 2014 12:16pm Jul 10, 2014 12:16pm
Quoting elbert3
{quote} Trade confirmation On 10-Jul-2014 at 19:08:06 (GMT) You sold 1 GBPUSD @ 1.71374 for value date 14-Jul-2014 Front office position id: 140020855 Account: 5589929 one lot now that's confidence lol missed 142 entry
I got 40.5 and ... 35.5 on the way up with a smaller one.

Might still see 45.5 though.
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Ghost Rider - WWTBMD?
  • #386,479
  • Jul 10, 2014 12:21pm Jul 10, 2014 12:21pm
Quoting elbert3
{quote} Tau, your on a high lol what offer do you want lol
I want to work for your firm. But from home. No phone. Just e-mail contact. Peace and serene silence. I'll give you 12 hrs a day. Only 3 weeks leave needed to go fishing. On my own.

Introvert.

Nothing much..
  • #386,480
  • Jul 10, 2014 12:22pm Jul 10, 2014 12:22pm
Quoting GlobalMacro
Now that just about everyone on the thread had an opportunity to reply to OA's concerns, it's probably a good idea for the person in question to address the points put to him as a matter of course and put an end to this.
I'm sorry, but I don't have the time to even read all the comments...and its not like I need to prove something, I said what I felt like saying, if somebody doesn't like it, too bad. I won't sleep better just because people online like me. lol

Everyone get back to usual business and keep "position" trading, we others will make money in the meantime.
Everyone can see the chart, but only a few can actually read it.
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