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Cable Update (GBPUSD)

  • #394,161
  • Aug 20, 2014 11:31am Aug 20, 2014 11:31am
Quoting Hickson
{quote} Could be. Honestly, I do not have a clue. All I see is technically the uptrend is more than in question. But much more down from here without any retracement? Not so likely either ... Pound has me puzzled once again. I think this has been the worst pair for me so far.
Cable is a devil, I love:hate it 50:50
  • #394,162
  • Aug 20, 2014 11:32am Aug 20, 2014 11:32am
Quoting Darkforce
{quote} Cable is a devil, I love:hate it 50:50
Ghost Rider - WWTBMD?
  • #394,163
  • Aug 20, 2014 11:36am Aug 20, 2014 11:36am
Who has the guts to state being long now before FOMC expect me and Jonny?! I can already hear them laughing at me ...
Fix up, trade sharp ...
  • #394,164
  • Aug 20, 2014 11:38am Aug 20, 2014 11:38am
lol I know what you mean ,heres my view ,I'm not in so don't really matter id like to sell thur night friday if we move up ,
to me the move will be $ driven

Quoting Darkforce
{quote} Cable is a devil, I love:hate it 50:50
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD d1 20 (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,165
  • Aug 20, 2014 11:40am Aug 20, 2014 11:40am
Quoting Hickson
Who has the guts to state being long now before FOMC expect me and Jonny?! I can already hear them laughing at me ...
Ghost Rider - WWTBMD?
  • #394,166
  • Aug 20, 2014 11:43am Aug 20, 2014 11:43am
Quoting Bones
lol I know what you mean ,heres my view ,I'm not in so don't really matter id like to sell thur night friday if we move up , to me the move will be $ driven {quote} {image}
Hi Tony, I think at this time of the day without pound news and FOMC I also think that USD outlook will give the direction. In any case I would seriously consider shorting any retracements around 1.6770 if it stops there.
Fix up, trade sharp ...
  • #394,167
  • Aug 20, 2014 11:50am Aug 20, 2014 11:50am
honestly can not see any other scenario than bullish ,at 82 now tho ,


Quoting OnlineAddict
{quote} Look at USDX, somebody is pumping it since week's open. Might dump it after FOMC.
Attached Image (click to enlarge)
Click to Enlarge Name: USDXWeekly 20-8.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,168
  • Aug 20, 2014 11:55am Aug 20, 2014 11:55am
Quoting Mr. Scott
{quote} Couple of relevant charts in case.... {image} {image}
Thanks Mr. S. looking for shorts too, a little bit worried about Nzdlfx chart: So far doji on daily, let's see how it close.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDLFXDaily.png Size: 34 KB
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #394,169
  • Aug 20, 2014 11:56am Aug 20, 2014 11:56am
Hi H ,lets hope they can bring fear into market ,

Quoting Hickson
{quote} Hi Tony, I think at this time of the day without pound news and FOMC I also think that USD outlook will give the direction. In any case I would seriously consider shorting any retracements around 1.6770 if it stops there.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,170
  • Aug 20, 2014 12:03pm Aug 20, 2014 12:03pm
[quote=Bones;7687266]Hi H ,lets hope they can bring fear into market , {quote}[/quo

From a fundamental view, people from the US could argue that the economy does not justify higher rates ... but greed justifies everything in this market. Especially if you belong to landaaaaaaan cocksuckers club (hats off to jonny for this fitting term).
Fix up, trade sharp ...
  • #394,171
  • Aug 20, 2014 12:26pm Aug 20, 2014 12:26pm
Quoting Hickson
{quote} I know what you mean, it all looks so suspicious. Does anybody know important option expiry levels for today?
I've been looking at this but I don't understand it, maybe you can. Most of the nearby volume are calls at 6700. But there is high open interest for puts at the same price. Expires Sept. 5 but I think this is an American option so it can be exercised anytime.

http://www.barchart.com/commodityfut...4?mode=d&view=
If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #394,172
  • Aug 20, 2014 12:37pm Aug 20, 2014 12:37pm
GU H4 GMT+3

I have taken a long again and placed a buy limit .6592, buy stop .6669, hoping the fib. 23.6 of the last 14 months rally can reject.
Invalidation if price could close under ~6582...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 46 KB
Anything is math!
  • #394,173
  • Aug 20, 2014 12:41pm Aug 20, 2014 12:41pm
Quoting mclon
{quote} I've been looking at this but I don't understand it, maybe you can. Most of the nearby volume are calls at 6700. But there is high open interest for puts at the same price. Expires Sept. 5 but I think this is an American option so it can be exercised anytime. http://www.barchart.com/commodityfut...4?mode=d&view=
We did not see that level today ... that is interesting at least.
Fix up, trade sharp ...
  • #394,174
  • Aug 20, 2014 12:42pm Aug 20, 2014 12:42pm
Quoting Kajos2250
GU H4 GMT+3 I have taken a long again and placed a buy limit .6592, buy stop .6669. Invalidation if price could close under ~6582... Good luck! {image}
Hello Kajos, welcome! One more who does not give up on his plan at least.
Fix up, trade sharp ...
  • #394,175
  • Aug 20, 2014 12:54pm Aug 20, 2014 12:54pm
Nothing help gbp...Next station .6500
  • #394,176
  • Aug 20, 2014 12:56pm Aug 20, 2014 12:56pm
Quoting Bones
lol I know what you mean ,heres my view ,I'm not in so don't really matter id like to sell thur night friday if we move up , to me the move will be $ driven {quote} {image}
Nothing goes on forever, cable has been bouncing for weeks, without any pull back...
  • #394,177
  • Aug 20, 2014 12:56pm Aug 20, 2014 12:56pm
Quoting Hickson
{quote} Hello Kajos, welcome! One more who does not give up on his plan at least.

Do not mention it! I have terrible series, i had 5 losses in a row...
But this fib. level with monthly 200SMA have to be some effect... Hoping again this is just correction after broken 5 years high
Anything is math!
  • #394,178
  • Aug 20, 2014 1:05pm Aug 20, 2014 1:05pm
news still being digested
  • #394,179
  • Aug 20, 2014 1:06pm Aug 20, 2014 1:06pm
Quoting ill_be_back
Don't be surprised if we make a new low today
A good trader follows his rules, but great trader knows when to break them
  • #394,180
  • Aug 20, 2014 1:08pm Aug 20, 2014 1:08pm
GBP needs Viagra urgently!!
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