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Cable Update (GBPUSD)

  • #400,961
  • Oct 1, 2014 4:22am Oct 1, 2014 4:22am
Quoting nAVIN2007
{quote} i seeing a possibility of a reversal its slim but if it does it might be here..however longer term charts suggest it is against the trend.. looking for 1.63 (slim probability)
Hi Navin ,,yes that could be no the low side 6640 is the area i posted ,rate rise then we could see higher ,,gl Billy
  • #400,962
  • Oct 1, 2014 4:24am Oct 1, 2014 4:24am
Quoting albchr
{quote} Thanks GM. Just remind me not to put these stupid lines in the way all the time. Price keeps bouncing off the darn things. Thought that news spike would take out 1.61608 but nope. You think maybe a softer shade of yellow would have helped? {image}
Frankly Chris all colors look the same to me today
Hear the music before the song is over ...
  • #400,963
  • Oct 1, 2014 4:24am Oct 1, 2014 4:24am
Quoting gjgjg
Anyone looking at going long here from a fib perspective? {image} {image} Edit: smallest lot long entered, Target ~ 1.66
Hey buddy

I would think that C is already in the works no? If so, C is normally the longest leg so that would fall within the current trend for a deeper reach down? Just a thought. Data coming could certainly see that C leg (although broken) complete as you have it though.
Ghost Rider - WWTBMD?
  • #400,964
  • Oct 1, 2014 4:25am Oct 1, 2014 4:25am
Quoting elbert3
{quote} Hi Navin ,,yes that could be no the low side 6640 is the area i posted ,rate rise then we could see higher ,,gl Billy
dont worry about rate rise..because US will likely to it first..if u look at my chart..where the dotted red line is..it quite a strong buy zone..i see 1.63 as a possibility and a confluence of reason to sell at this point..it will also confirm the downtrend line

btw i have a couple days off..
  • #400,965
  • Oct 1, 2014 4:27am Oct 1, 2014 4:27am
Quoting GlobalMacro
{quote} Frankly Chris all colors look the same to me today
Been there man. Fun ride on the way. Trip back usually sucks.
Ghost Rider - WWTBMD?
  • #400,966
  • Oct 1, 2014 4:29am Oct 1, 2014 4:29am
Quoting albchr
{quote} Hey buddy I would think that C is already in the works no? If so, C is normally the longest leg so that would fall within the current trend for a deeper reach down? Just a thought. Data coming could certainly see that C leg (although broken) complete as you have it though.

hey Chris, is all well with u bro..hows mum and the da house thing going?
  • #400,967
  • Oct 1, 2014 4:29am Oct 1, 2014 4:29am
27 of the 35 news pips retraced - betting on higher in the short term

GU M15
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  • #400,968
  • Oct 1, 2014 4:30am Oct 1, 2014 4:30am
Quoting nAVIN2007
{quote} dont worry about rate rise..because US will likely to it first..if u look at my chart..where the dotted red line is..it quite a strong buy zone..i see 1.63 as a possibility and a confluence of reason to sell at this point..it will also confirm the downtrend line btw i have a couple days off..
Morning Nav.

IMHO, we'd likely see QE 4 before any rate hikes here. Unless of course they're bent on destroying the US the rest of the way. Good possibility actually.
Ghost Rider - WWTBMD?
  • #400,969
  • Oct 1, 2014 4:31am Oct 1, 2014 4:31am
Quoting gjgjg
{quote} Indeed, it's a bit of a speculative one into this bigass down move, but Ill keep my stop just below 1.600 to keep it in check. Cheers for the feedback

that descending trendline meets at 1.63 area sorry i was a bit of when i said 1.6260 ish area
lets get lucky
  • #400,970
  • Oct 1, 2014 4:33am Oct 1, 2014 4:33am
Quoting albchr
{quote} Morning Nav. IMHO, we'd likely see QE 4 before any rate hikes here. Unless of course they're bent on destroying the US the rest of the way. Good possibility actually.
morning bro..i keep telling myself USD is the unpredictable sum b*tch to try and get right..it does have a habbit of falling
  • #400,971
  • Oct 1, 2014 4:35am Oct 1, 2014 4:35am
Quoting GlobalMacro
{quote} Expanding T/P to 1.6122 from 1.6162 , S/L Unchanged. ----> short @ 1.6201 sl & rev. : 1.6215 tp: 1.6122
Is this f:::::::er eating up my profits or am I seeing double ...
Hear the music before the song is over ...
  • #400,972
  • Oct 1, 2014 4:37am Oct 1, 2014 4:37am
Quoting elbert3
{quote} i see that you have been in the fx a while ,i was going to pack it in about 1 month ago,i like the challange part of it ,i dont like to lose like the rest of us, now back in work and being pressured to come out of my retirement??
Lol i happen to be working at a bank's treasury in HK
Responsible in global markets department trading fx spot and futures for institutional clients
And the orders i get day in day out.... As large as USD200mil At a max of 1:3 leverage....
Imagine the amount of capital these institutions need to hold for margin Purposes
....
Btw no need to call me a fx prostitute... Ur the one banging the fx market for bucks here and there regarless ofmarket direction... So you're more fitting to be the prostitute....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,973
  • Oct 1, 2014 4:40am Oct 1, 2014 4:40am
Quoting nAVIN2007
{quote} morning bro..i keep telling myself USD is the unpredictable sum b*tch to try and get right..it does have a habbit of falling
Well you know me and my feelings on the buck. She goes on a roll but has a hard time sustaining gains for long. That aside, even a tiny rate hike would cripple us at this point. Can't barely pay the interest on this massive debt now. Since this wonderful "recovery" .. we're in is wiping out good paying full time jobs for low paying part time burger flippers, I can't see tax collections helping much there either.

This dollar bull run "may" be our last gasp?
Ghost Rider - WWTBMD?
  • #400,974
  • Oct 1, 2014 4:43am Oct 1, 2014 4:43am
Quoting fxtyrant
{quote} Lol i happen to be working at a bank's treasury in HK Responsible in global markets department trading fx spot and futures for institutional clients And the orders i get day in day out.... As large as 200mil At a max of 1:3 leverage.... Imagine the amount of capital these institutions need to hold for margin Purposes .... Btw no need to call me a fx prostitute... Ur the one banging the fx market for bucks here and there regarless ofmarket direction... So you're more fitting to be the prostitute....
lol no sorry you read it wrong,,i posted that i was the pro,,lol sorry for the confusion ,i have never name called any body ,,lol my best regards Billy thanks for you back ground ,, pleasure to read,,
  • #400,975
  • Oct 1, 2014 4:44am Oct 1, 2014 4:44am
Quoting albchr
{quote} Hey buddy I would think that C is already in the works no? If so, C is normally the longest leg so that would fall within the current trend for a deeper reach down? Just a thought. Data coming could certainly see that C leg (although broken) complete as you have it though.
Hey Chris! hope youre well?
Ah yes, I forgot to label those (you mean A @1.481 and [email protected] so [email protected] so D could be @1.7++, right?). New pic with letters... somewhere in there).
I dont trade fibs very often, I can lose track of where I left me letters sometimes
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  • #400,976
  • Oct 1, 2014 4:44am Oct 1, 2014 4:44am
Quoting fxtyrant
{quote} Lol i happen to be working at a bank's treasury in HK Responsible in global markets department trading fx spot and futures for institutional clients And the orders i get day in day out.... As large as USD200mil At a max of 1:3 leverage.... Imagine the amount of capital these institutions need to hold for margin Purposes .... Btw no need to call me a fx prostitute... Ur the one banging the fx market for bucks here and there regarless ofmarket direction... So you're more fitting to be the prostitute....
Hey Tyrant, long time man. Do we need to go over those social etiquette skills you asked me about long ago ... again?

Billy WAS referring to himself with the market prostitute crack dude. He has many times.
Ghost Rider - WWTBMD?
  • #400,977
  • Oct 1, 2014 4:45am Oct 1, 2014 4:45am
Quoting GlobalMacro
{quote} Is this f:::::::er eating up my profits or am I seeing double ...
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that could be it GM lower than that line or i go long could also be my last trade ??
  • #400,978
  • Oct 1, 2014 4:48am Oct 1, 2014 4:48am
Quoting gjgjg
{quote} Hey Chris! hope youre well? Ah yes, I forgot to label those (you mean A @1.481 and [email protected] so [email protected] so D could be @1.7++, right?). New pic with letters... somewhere in there). I dont trade fibs very often, I can lose track of where I left me letters sometimes {image}
Hanging in there my friend. Barely but still plugging along. (Not trade related that is).

Aso Aso... I see. That would tend to make more sense. I don't even bother labeling as I pretty much suck at it. Almost as bad as drawing the actual patterns.
Ghost Rider - WWTBMD?
  • #400,979
  • Oct 1, 2014 4:49am Oct 1, 2014 4:49am
Quoting albchr
{quote} Hey Tyrant, long time man. Do we need to go over those social etiquette skills you asked me about long ago ... again? Billy WAS referring to himself with the market prostitute crack dude. He has many times.
nah think im handling fine.....
but gosh the trading floor is as brash as i imagined if not worse...
finally working at a bank's trading desk dealing with big client names....Mostly china names since im based in HK....
still you cant imagine the large orders the place.....
and i thought 1 standard lot is large... these guys trade at at Kstandard lots everytime....
so big i worry entering 1 too many 0s.....

as for the market prostitute crack... thought he was refering to me.. before he makes his "regards e"
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #400,980
  • Oct 1, 2014 4:50am Oct 1, 2014 4:50am
Quoting albchr
{quote} Hey Tyrant, long time man. Do we need to go over those social etiquette skills you asked me about long ago ... again? Billy WAS referring to himself with the market prostitute crack dude. He has many times.
thnks buddy i just had to go back and look , i should of put in i was ...lol not his fault ,, my dicklicksick writing
Quoting fxtyrant
{quote} interesting.... now ur reversing to become bearish? gosh.... if you change wives like you change ur views.... im afraid you're gona die a loner buddy.... perhaps you'd be better off trading H4, Daily and Weekly charts... none the less im still bearish GBPUSD shorted since 1.6233 initial target at 1.6088, SL if daily close above 1.6388 Will close half my position when i hit my intial target of 1.6088 and move SL to BE for the remaining position.
lol posted last i was fx prostitute ,,take the money any where ,, its called diversity ,lol gl E there we go better now,, i will miss this thread great bunch of guys here
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