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Cable Update (GBPUSD)

  • #396,881
  • Sep 6, 2014 1:56pm Sep 6, 2014 1:56pm
nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way....
I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently....

bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market....
Bottom line I m not seeing much downside from here max 16250 .... i hope we will rebound bcz m stuck with heavy long positions at 170...

All the best
  • #396,882
  • Sep 6, 2014 1:59pm Sep 6, 2014 1:59pm
Quoting Rocky1
nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market.... Bottom line I m not seeing much downside from here max 16250 .... i hope we...
We only see what we wish to see
A good trader follows his rules, but great trader knows when to break them
  • #396,883
  • Sep 6, 2014 2:01pm Sep 6, 2014 2:01pm
Quoting Rocky1
nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market.... Bottom line I m not seeing much downside from here max 16250 .... i hope we...
I'll trade your long GU for my long corn?
Na, I'll stick with my corn. We're both going to be stubborn & in pain :-)
  • #396,884
  • Sep 6, 2014 2:04pm Sep 6, 2014 2:04pm
This is a dangerous view ,you dont know scotland is the reason ,only a very few should even consider fundi ,
sorry D ,i feel as strongly about it as you the other way


Quoting Rocky1
nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market.... Bottom line I m not seeing much downside from here max 16250 .... i hope we...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,885
  • Sep 6, 2014 2:05pm Sep 6, 2014 2:05pm
Quoting srt
{quote} Deleted all my posts. Just agree to disagree. (Fundamental traders didn't get the ECB cut either)
Its fine it was interesting discussion. I had 12 shorts on EJ and collected over 900pips on drop.It was fundamentally based trades.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #396,886
  • Sep 6, 2014 2:08pm Sep 6, 2014 2:08pm
I agree fundi is important leave it to banks and institutions
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,887
  • Sep 6, 2014 2:10pm Sep 6, 2014 2:10pm
Quoting ill_be_back
{quote} We only see what we wish to see
True Elbert ..... u try to c what u wish to see ....

But here I am talking about UK fundamentals ......there are three reasons Why GU dropped so much :

1. Early wrong hopes created by BOE to hike the rate though I am still firm believer that UK will b the first one who will hike the rate

2. EU fell off badly and some sanctions bcz of Ukraine issue

3. and Now GU is correcting mainly bcz of scotland issue....

However I have this firm believe that UK has the most strongest Fundamentals among all large economies and it will very soon start find its bottom and will go to 170 atleast .... it can go higher to 173 depending upon USD data to come in next few months....
  • #396,888
  • Sep 6, 2014 2:17pm Sep 6, 2014 2:17pm
I guess your keep with this view till your proved wrong

Quoting Rocky1
{quote} True Elbert ..... u try to c what u wish to see .... But here I am talking about UK fundamentals ......there are three reasons Why GU dropped so much : 1. Early wrong hopes created by BOE to hike the rate though I am still firm believer that UK will b the first one who will hike the rate 2. EU fell off badly and some sanctions bcz of Ukraine issue 3. and Now GU is correcting mainly bcz of scotland issue.... However I have this firm believe that UK has the most strongest Fundamentals among all large economies and it will very soon start find...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,889
  • Sep 6, 2014 2:22pm Sep 6, 2014 2:22pm
Quoting Davit
{quote} Its fine it was interesting discussion. I had 12 shorts on EJ and collected over 900pips on drop.It was fundamentally based trades. Regards
...

Funny thing is (and you saw my projections in the corner here), http://www.forexfactory.com/showthre...74#post7715474

I know next to nothing about fundies and I saw the very same off just the charts. Although the rate cut made it surpass my target a bit.

FA? TA? the battle will always rage on. ... I personally feel a good mix of both can't hurt. But one over the other? I just don't know. They both work.
Ghost Rider - WWTBMD?
  • #396,890
  • Sep 6, 2014 2:23pm Sep 6, 2014 2:23pm
Quoting Rocky1
{quote} But here I am talking about UK fundamentals ......there are three reasons Why GU dropped so much : 1. Early wrong hopes created by BOE to hike the rate though I am still firm believer that UK will b the first one who will hike the rate 2. EU fell off badly and some sanctions bcz of Ukraine issue 3. and Now GU is correcting mainly bcz of scotland issue.... However I have this firm believe that UK has the most strongest Fundamentals among all large economies and it will very soon start find its bottom...

That could be around 1.58846
A good trader follows his rules, but great trader knows when to break them
  • #396,891
  • Sep 6, 2014 2:25pm Sep 6, 2014 2:25pm
Quoting srt
Fundamental traders didn't get the ECB cut either
Not true. Economists didn't get the ECB cut, fundamental traders sold into the move. Big difference.

If you want to understand the underpinnings of how the market works, ignore economists and study real fundamentals. You're referring to economist sentiment, which historically is the least reliable indicator of price discovery.
  • #396,892
  • Sep 6, 2014 2:36pm Sep 6, 2014 2:36pm
Quoting srt
{quote} I'll trade your long GU for my long corn? Na, I'll stick with my corn. We're both going to be stubborn & in pain :-)

Bro I am already in pain and being stubborn i am still rolling around n hoping my analysis come right at right time else its gona be one of the worst decision to stick with my longs.....
  • #396,893
  • Sep 6, 2014 3:01pm Sep 6, 2014 3:01pm
A yes vote for Scottish independence is definitely not fully priced in. The big fall in cable earlier in the week was, largely, as a result of the unexpected decline of the lead held by the No camp, which diminished to only 6 points. The base case, judging by the most recent polling data, is that the No camp will narrowly win, in which case we would likely expect some respite for Cable, assuming this was confirmed on polling day. Were Scotland to vote for independence, then who knows how low Cable could go before bottoming.


Quoting Rocky1
nobody knows the final target n where it will start rebounding .....bcz today's forex market is just not anout fundamentals or technicals but Geopolitical news is also affecting big way.... I can assure u that if Scotland topic would have not been here around .... we all would be seeing GU at around 167 currently.... bcz if there is yes voting for this issue then GU may go down to atleast 1.625 but not beyond that bcz scotland issue is already factored in the market.... Bottom line I m not seeing much downside from here max 16250 .... i hope we...
  • #396,894
  • Sep 6, 2014 3:10pm Sep 6, 2014 3:10pm
Quoting HDA
Good Afternoon Forex Factory Members and Guests As the HDA discussion continues, please don't forget to quote my trading plan. I can't stress it enough. It is very very very very important that you continue to quote my plan. HDA has not gone anywhere and I will be right here continuing to post as I always do just the same. Please continue to openly share your views, it's important that you all get everything off your chest. As you continue to explain your case, try not to take any of the discussion between yourselves personally. Forex Factory is...
History repeating itself , again and again and again ....

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Get Rich or Die Tryin
  • #396,895
  • Sep 6, 2014 3:11pm Sep 6, 2014 3:11pm
I think you could still close higher ,or even there may be a HDA saving reversal ,pivot is good,
but monthly dose not suggest a reversal ,only more of same ,
260pip candle is quite large and healthy bear lower wick ,
rejection off swing 6618 to me


Quoting Rocky1
{quote} Bro I am already in pain and being stubborn i am still rolling around n hoping my analysis come right at right time else its gona be one of the worst decision to stick with my longs.....
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #396,896
  • Sep 6, 2014 3:15pm Sep 6, 2014 3:15pm
Quoting ill_be_back
{quote} That could be around 1.58846
the bottom is gonna be around 1,35. do not open long only short the rebound
  • #396,897
  • Sep 6, 2014 3:23pm Sep 6, 2014 3:23pm
Quoting Davit
{quote} Srt If what works for you by just looking at charts is fine however if Unemployment numbers are coming up negative week after week months after months.low inflation talk of interest rate cut and you are long based on charts and that's questionable how you interpret charts then sum total of factors will be against going long.We have red news every week and I don't particularly agree being ignorant of high impact news events is conducive to profitable trading if you just say "everything is in the chart". No not everything is in the chart...In...
very nice explanation and outlook for gu. and EG is gonna be rise like a rocket to 0,87, no good for GU :-)
  • #396,898
  • Sep 6, 2014 3:27pm Sep 6, 2014 3:27pm
Institution account trader

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  • #396,899
  • Sep 6, 2014 3:36pm Sep 6, 2014 3:36pm
Quoting gammase1
A yes vote for Scottish independence is definitely not fully priced in. The big fall in cable earlier in the week was, largely, as a result of the unexpected decline of the lead held by the No camp, which diminished to only 6 points. The base case, judging by the most recent polling data, is that the No camp will narrowly win, in which case we would likely expect some respite for Cable, assuming this was confirmed on polling day. Were Scotland to vote for independence, then who knows how low Cable could go before bottoming. {quote}

good to see u around buddy
  • #396,900
  • Sep 6, 2014 3:48pm Sep 6, 2014 3:48pm
Quoting ill_be_back
{quote} I Have EU Going DOWN to 1.26408
Once 2920 is broken, my first target next week will be 2805, then waiting for a little bounce and after that below 2800, so I hope your number gets hit, too. 2920 will need to give up, though.
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