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Cable Update (GBPUSD)

  • #390,201
  • Jul 30, 2014 4:13pm Jul 30, 2014 4:13pm
I guess the Argentina downgrade by S&P should limit risk taking towards emerging markets...by doing so, S&P is probably helping USD appreciation
  • #390,202
  • Jul 30, 2014 4:16pm Jul 30, 2014 4:16pm

yea I agree its a deeper retrace ,for bears to maitain control ideal world small/neg candle in next 4 hour,




Quoting elbert3
{quote} http://www.fxstreet.com/analysis/ind...2014/07/30/03/ interesting read Bones,,, goes over my head but i get the concept ..regards E
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,203
  • Jul 30, 2014 4:21pm Jul 30, 2014 4:21pm
not sure how much $ could help ,up against strong res

Quoting Bones
I would refer to $ again that last week was a bullish break ,and its unlikly to me that this week is then bearish without higher on a purley candle view I recognise as bullish enough for same again and that now I assume consolidation , I would also say out we sit just under 1.7 now cable {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,204
  • Jul 30, 2014 4:26pm Jul 30, 2014 4:26pm
Quoting elbert3
{quote} i dont know whats got into you,,you were fun ,,when you want to be ???
Always fun, buddy. Always.

This is especially for you:

Say Hi to my buddy Billy!
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Hear the music before the song is over ...
  • #390,205
  • Edited 4:38pm Jul 30, 2014 4:27pm | Edited 4:38pm
Quoting elbert3
{quote} http://www.fxstreet.com/analysis/ind...2014/07/30/03/ interesting read Bones,,, goes over my head but i get the concept ..regards E
I agree but I still struggle to understand why they would allow USD to appreciate when tapering is ending and perhaps economy would need some extra support from somewhere else. Summer time is an ok time for appreciation but autumn is not.
  • #390,206
  • Jul 30, 2014 4:29pm Jul 30, 2014 4:29pm
Quoting Bones
not sure how much $ could help ,up against strong res {quote} {image}
Just panning out see the big arch , does not look the same as other sharp up and down we 1, see this as fake short, , 2 but my ema set up tells me short,, 3 let it retrace on the day chart then drop to the 200 6700 area ,,it a funny one at this time
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  • #390,207
  • Jul 30, 2014 4:34pm Jul 30, 2014 4:34pm
Quoting GlobalMacro
{quote} Always fun, buddy. Always. This is especially for you: Say Hi to my buddy Billy! {image}
thats better did you read my drunken anyalist of traders ,,your on it ,, something to do with parties and ladies lol ,,,well done ,and again even thou your trade lost,you where the gentleman to congrat,,HDA well done true sportsman in my eyes ,,respect Billy
  • #390,208
  • Jul 30, 2014 4:38pm Jul 30, 2014 4:38pm
Quoting ill_be_back
{quote} If we Don't break 1.69447 then DOWN to 1.6786
Thank you for those number's...
  • #390,209
  • Jul 30, 2014 4:38pm Jul 30, 2014 4:38pm
id like 6700
but not retrace up
we may be able to rely on gbp for bear ,keep an eye on gbp jpy ,if confirmation
or any jpy poss



Quoting elbert3
{quote} Just panning out see the big arch , does not look the same as other sharp up and down we 1, see this as fake short, , 2 but my ema set up tells me short,, 3 let it retrace on the day chart then drop to the 200 6700 area ,,it a funny one at this time {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #390,210
  • Jul 30, 2014 4:39pm Jul 30, 2014 4:39pm
Could be another bounce from 1.6900 upto 1.6943.............then probably down again to 1.6830 and 1.6821...........
  • #390,211
  • Jul 30, 2014 4:46pm Jul 30, 2014 4:46pm
Quoting Greener
{quote} I agree but I still struggle to understand why they would allow USD to appreciate when tapering is ending and perhaps economy would need some extra support from somewhere else. Summer time is an ok time for appreciation but autumn is not.
With serial of good data market is pricing in the coming rate hike ........
  • #390,212
  • Jul 30, 2014 4:48pm Jul 30, 2014 4:48pm
Quoting cspip
Could be another bounce from 1.6900 upto 1.6943.............then probably down again to 1.6830 and 1.6821...........
I would like that...lets see, if there is enough power for it. Tomorrow is tricky, important EU news 4am, if they are good and spike eur up, cable will go up some, too...might be a good short opportunity. Or I hope I will be sitting in a safe short already, in case the number is bad.
Everyone can see the chart, but only a few can actually read it.
  • #390,213
  • Jul 30, 2014 4:51pm Jul 30, 2014 4:51pm
Quoting Bones
id like 6700 but not retrace up we may be able to rely on gbp for bear ,keep an eye on gbp jpy ,if confirmation or any jpy poss {quote} {image}
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yes been watching this ,, even thou candle up one is never sure 175 looks to be where it is going,,but ??? as always ??? that is me to much today,,night gl,,E
  • #390,214
  • Jul 30, 2014 4:55pm Jul 30, 2014 4:55pm
Quoting OnlineAddict
{quote} I would like that...lets see, if there is enough power for it. Tomorrow is tricky, important EU news 4am, if they are good and spike eur up, cable will go up some, too...might be a good short opportunity. Or I hope I will be sitting in a safe short already, in case the number is bad.
4am............must be hard to trade from the States.........
  • #390,215
  • Jul 30, 2014 5:05pm Jul 30, 2014 5:05pm
Not a great day for me. Should have just stayed out today. No attractive entries, tried to force one, and got stung. 1 stupid trade for a loss and 1 break even. But my DIA puts worked out beautifully. .

See you tomorrow after EU news clears.

Latest trade for a BE, should have stayed 1-1 because it was counter trend.
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  • #390,216
  • Jul 30, 2014 5:10pm Jul 30, 2014 5:10pm
Quoting Ken A
{quote} With serial of good data market is pricing in the coming rate hike ........
Well that is supposed to happen June next year and not yet confirmed. No hint at all on that today. Don't think the market is pricing that. End of August in my opinion USD appreciation is over. Summer time is ok but in autumn they should need cheaper export goods.
  • #390,217
  • Jul 30, 2014 5:46pm Jul 30, 2014 5:46pm
Quoting cspip
{quote} 4am............must be hard to trade from the States.........
I'm not in the States, but same timezone...and yes, its killing me. lol
Everyone can see the chart, but only a few can actually read it.
  • #390,218
  • Jul 30, 2014 6:02pm Jul 30, 2014 6:02pm
Quoting Mr.Kane
{quote} how many pips was your SL ?
It just goes into profit. I worry more about targets. Then sl.
  • #390,219
  • Jul 30, 2014 6:14pm Jul 30, 2014 6:14pm
Anyone else thinking that the Chikou is going to break the Kumo mid august and we could be seeing 1.66000 ?
Que Sera
  • #390,220
  • Jul 30, 2014 7:16pm Jul 30, 2014 7:16pm
Quoting Greener
{quote} Well that is supposed to happen June next year and not yet confirmed. No hint at all on that today. Don't think the market is pricing that. End of August in my opinion USD appreciation is over. Summer time is ok but in autumn they should need cheaper export goods.
Other than GDP# can't think of other reason and bearish JPY boosted USD
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