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Cable Update (GBPUSD)

  • #402,881
  • Oct 14, 2014 3:51pm Oct 14, 2014 3:51pm
Quoting poseikwame
GBPUSD... 15904-15900 can someone say 15880 or further bearish?... suggestions guy... why's everyone so quiet?
If we close around here, then I think lower
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 34 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 35 KB
Come with me if you want to live....
  • #402,882
  • Oct 14, 2014 3:59pm Oct 14, 2014 3:59pm
Quoting Ill-b-back
{quote} If we close around here, then I think lower {image} {image}
I think US will close around 1590x-15900... looking further bearish during asia open and until Fed news in the early hours before London open... GA also looks to be coming down towards 18253-18240 range you still think it's still bullish??.. with 2 AU news coming ring on asia open?
  • #402,883
  • Oct 14, 2014 4:03pm Oct 14, 2014 4:03pm
Quoting poseikwame
{quote} until Fed news in the early hours before London open
Hi, I'm curious about this Fed news, I can't find anything about it. How do you know there will be some sort of news before the London open?

Thanks.
  • #402,884
  • Oct 14, 2014 4:03pm Oct 14, 2014 4:03pm
Quoting poseikwame
{quote} I think US will close around 1590x-15900... looking further bearish during asia open and until Fed news in the early hours before London open... GA also looks to be coming down towards 18253-18240 range you still think it's still bullish??.. with 2 AU news coming ring on asia open?
Yep look that way to me also

Looks to me like the start of the new day brings a breakout to the downside
That 4hr, daily, weekly PA structure looks extremely bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #402,885
  • Oct 14, 2014 4:10pm Oct 14, 2014 4:10pm
Quoting thadakman
{quote} Hi, I'm curious about this Fed news, I can't find anything about it. How do you know there will be some sort of news before the London open? Thanks.
sorry its before London close tomorrow... sorry!! time wasn't sync'd in properly
  • #402,886
  • Oct 14, 2014 4:36pm Oct 14, 2014 4:36pm
Quoting poseikwame
{quote} sorry its before London close tomorrow... sorry!! time wasn't sync'd in properly

Okay, so you're referring to the USD PPI and Retail Sales. That should be market moving. Big USD advance or pullback. USD seems to be up one day, down the next. I wouldn't doubt down since it had such a huge day today (possibly catch people on the wrong side and completely reverse tomorrow).
  • #402,887
  • Oct 14, 2014 4:41pm Oct 14, 2014 4:41pm
Quoting thadakman
{quote} Okay, so you're referring to the USD PPI and Retail Sales. That should be market moving. Big USD advance or pullback. USD seems to be up one day, down the next. I wouldn't doubt down since it had such a huge day today (possibly catch people on the wrong side and completely reverse tomorrow).
you have a point but the way the calendar is set up tomorrow most import GBP news will be heard before USD news starts breaking so i still see some bearish all week long... dont forget carney saying gbo has been over priced 15-20% which doesn't do it enough justice with all the bad inflation rates and hopefully unemployment rates soaring tmrw too...
  • #402,888
  • Oct 14, 2014 4:48pm Oct 14, 2014 4:48pm
Quoting poseikwame
{quote} you have a point but the way the calendar is set up tomorrow most import GBP news will be heard before USD news starts breaking so i still see some bearish all week long... dont forget carney saying gbo has been over priced 15-20% which doesn't do it enough justice with all the bad inflation rates and hopefully unemployment rates soaring tmrw too...
I agree things could get Ugly for the pound, it wasn't that long ago it was 1.48. I see a back test to 1.60 before significant downside though. Also, the Fed has been vocal about how they are unhappy with the strong dollar. It's a race to the bottom and each country (USD, GBP, AUD, NZD, EUR) all seem to want a weaker currency. Russia of course needs a rebound and Japan seems content with Yen at this current level though.
  • #402,889
  • Oct 14, 2014 4:53pm Oct 14, 2014 4:53pm
Quoting nAVIN2007
{quote} well i have to say..he totally killed himself on this..with his it will go against all logic..I even subscribed to him just see if theres a reaction and not a peep infact he is doing the very thing he was accusing me off!! ..praying at least now we know why he keeps changing nicks..haha bless him
Yeah,
Right Navin,
Old Buddy... It's D E F Y I N G A L L L O G I C ! !

I happen to "Pray" to... and in fact i've had a couple-few actual,
10-20 pip "Stinkers" that were "Losers" i just didn't stick with.
I've been getting into Wave-4's that were becoming Wave-5, etc...

But 'take "Personal Responsibility", -take the mistake, -get a MORE CORRECT entry next-time....
& we move on, -playing our "Edges".
That's how it works for us all these times, and continue to move onward.

All 'Best of Trading & "Life" Navin,
All My Best Bud,

Jeff
I will work to Objectively Identify my Edges
  • #402,890
  • Oct 14, 2014 5:05pm Oct 14, 2014 5:05pm
Quoting TerpFan2
{quote} Yeah, Right Navin, Old Buddy... It's D E F Y I N G A L L L O G I C ! ! I happen to "Pray" to... and in fact i've had a couple-few actual, 10-20 pip "Stinkers" that were "Losers" i just didn't stick with. I've been getting into Wave-4's that were becoming Wave-5, etc... But 'take "Personal Responsibility", -take the mistake, -get a MORE CORRECT entry next-time.... & we move on, -playing our "Edges". That's how it works for us all these times, and continue to move onward. All 'Best of Trading & "Life" Navin, All My Best Bud, Jeff ...
He must be fuming... Gutted!!
  • #402,891
  • Oct 14, 2014 5:13pm Oct 14, 2014 5:13pm
and it hits the 158xx zone... DOWN BABY... GO DOWN BABY
  • #402,892
  • Oct 14, 2014 5:23pm Oct 14, 2014 5:23pm
Quoting nAVIN2007
{quote} well i have to say..he totally killed himself on this..with his it will go against all logic..I even subscribed to him just see if theres a reaction and not a peep infact he is doing the very thing he was accusing me off!! ..praying at least now we know why he keeps changing nicks..haha bless him
i look forward to his next appearance, in the meantime, "just keep quoting his plan, very very very very important we keep quoting his plan" lol....
Come with me if you want to live....
  • #402,893
  • Oct 14, 2014 5:27pm Oct 14, 2014 5:27pm
Quoting Ill-b-back
{quote} i look forward to his next appearance, in the meantime, "just keep quoting his plan, very very very very important we keep quoting his plan" lol....
Morning Morning Fella... looks like someone can't sleep that much!! I still say "Money never sleeps..."... Now boss make us laugh all the way to the bank
  • #402,894
  • Oct 14, 2014 5:28pm Oct 14, 2014 5:28pm
Quoting darrenware
{quote} Close I've got novembers low of 1.5855 on my chart as the next target {image}
Looking for a retrace back to 1.5940 - 1.5950 before continuing downward once we get near or on my target
Enter Signature
  • #402,895
  • Oct 14, 2014 5:30pm Oct 14, 2014 5:30pm
Quoting darrenware
{quote} Looking for a retrace back to 1.5940 - 1.5950 before continuing downward once we get near or on my target
darren it's dancing around the 15895 region and for it to get to 15850 is likely possible... maybe not overnight but with some sad GBP news on the way during London Open...
  • #402,896
  • Oct 14, 2014 5:57pm Oct 14, 2014 5:57pm
Quoting ill_be_back
{quote} And i am sure it will break, My LT Target is the Peru Line 1.58846 {quote}
And the peru line Touched

GU Min 1
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 5 KB
A good trader follows his rules, but great trader knows when to break them
  • #402,897
  • Oct 14, 2014 6:01pm Oct 14, 2014 6:01pm
Quoting ill_be_back
{quote} And the peru line Touched GU Min 1 {image}
looks like we laughing all the way to the bank with this babyyyy
  • #402,898
  • Oct 14, 2014 6:02pm Oct 14, 2014 6:02pm
Quoting ill_be_back
{quote} And the peru line Touched GU Min 1 {image}

As this is my Bounce LEVEL, I will not be SHORTING this any more
A good trader follows his rules, but great trader knows when to break them
  • #402,899
  • Oct 14, 2014 6:11pm Oct 14, 2014 6:11pm
Quoting ill_be_back
{quote} As this is my Bounce LEVEL, I will not be SHORTING this any more
like they say BUY low SELL high!!... I quit longon GA at 18275 and started shorting... grabbed a few pips on its way down but I'm out now!! Looking for a new pair to salvage loool anything UA or your think GA is still bullish??
  • #402,900
  • Oct 14, 2014 6:13pm Oct 14, 2014 6:13pm
Quoting poseikwame
{quote} like they say BUY low SELL high!!... I quit longon GA at 18275 and started shorting... grabbed a few pips on its way down but I'm out now!! Looking for a new pair to salvage loool anything UA or your think GA is still bullish??
I am still holding my LONGS, Added 2 more

GA should be at 1.83804 before 2am EST
A good trader follows his rules, but great trader knows when to break them
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