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Cable Update (GBPUSD)

  • #403,041
  • Oct 15, 2014 11:20am Oct 15, 2014 11:20am
The END of the bears for now.
  • #403,042
  • Oct 15, 2014 11:22am Oct 15, 2014 11:22am
Quoting ccmike
Not sure if some of you are looking at this correctly regarding the interest rate hike being delayed. Many experts are looking at a 15% or so reversal/correction. Most likely neither US Fed nor BOE is going to do interest rate hikes any time soon. I believe the market knows that. Typically you see big money players put their cash or at least diversify it in safer security options. With Eurozone not looking pretty, more money being pumped into US and I think that will drive a stronger dollar overall (i.e. risk aversion). Let's not forget what happened...

While your right that neither will prob raise interest rates, a strong dollar is bad for the US if euro economy continues to falter. This will in turn slow US growth as exports and trade with Europe suffer. The US economy is showing signs that it isn't exactly growing at the rate everyone thought before (when the dollar index was at monthly highs, stock market at all time highs etc.) and this will in turn lead to $ strength weakening as everyone scrambles to save their ass. Everyone was already writing off the British economy hence the strong downtrend we've been in its been taken into account. The fact that the US economy is no longer growing at the rate everyone thought (and bet) that it would be is going to cause a weakening of the dollar. Throw in weak consumer spending and inflation below 2% will lead to what I believe to be a strong pullback and possible trend change. Just my .02 though as i'm no where near an expert (hell im a hobby trader and still in college)
  • #403,043
  • Oct 15, 2014 11:27am Oct 15, 2014 11:27am
Quoting thegmann
{quote} While your right that neither will prob raise interest rates, a strong dollar is bad for the US if euro economy continues to falter. This will in turn slow US growth as exports and trade with Europe suffer. The US economy is showing signs that it isn't exactly growing at the rate everyone thought before (when the dollar index was at monthly highs, stock market at all time highs etc.) and this will in turn lead to $ strength weakening as everyone scrambles to save their ass. Everyone was already writing off the British economy hence the strong...
While I do not disagree with anything you have said....all things being equal, for risk aversion purposes money will flee to US securities which = stronger dollar....but like you said just my opinion as well.
  • #403,044
  • Oct 15, 2014 11:35am Oct 15, 2014 11:35am
Quoting poseikwame
{quote} i started longing at 1588... still in...
This could go quickly DOWN to 1.57926 before actual reversal (To take OUT all stops)
A good trader follows his rules, but great trader knows when to break them
  • #403,045
  • Edited 2:54pm Oct 15, 2014 11:38am | Edited 2:54pm
Quoting nAVIN2007
its not often u see a massive bear candle like yesterday and a move up right to the top and then the sum bitch falls right to the bottom.. crazy movement..
Similar situation Monday after NFP selloff bro ....
They're going after Marubozu running stops each & every time.
Hear the music before the song is over ...
  • #403,046
  • Oct 15, 2014 11:45am Oct 15, 2014 11:45am
Quoting ill_be_back
{quote} This could go quickly DOWN to 1.57926 before actual reversal (To take OUT all stops)
okk bro... what time frame do you think this reduction could happen... atleast I can scalp on the quick down trend too....
  • #403,047
  • Oct 15, 2014 11:52am Oct 15, 2014 11:52am
Quoting GlobalMacro
{quote} Similar situation Monday after NFP selloff bro .... They're simply going after Marubozu short stops each & every time ... size them up when you see them next time

mother f%^ckers
are looking for meh
  • #403,048
  • Oct 15, 2014 11:54am Oct 15, 2014 11:54am
Quoting YardiFX
What is it with GU, up and down like a cheap hooker shhss... Good news it will return to 1.6050
dont fu^k with meh positions
  • #403,049
  • Oct 15, 2014 12:19pm Oct 15, 2014 12:19pm
They found me way too often... Bloodclart dem


Quoting nAVIN2007
{quote} mother f%^ckers are looking for meh
Peace & Pips
  • #403,050
  • Oct 15, 2014 12:35pm Oct 15, 2014 12:35pm
Quoting fxtyrant
{quote} with that big wick? you have a deathwish or something?

Unfortunatly....yes....so bad...but its the game
  • #403,051
  • Oct 15, 2014 12:44pm Oct 15, 2014 12:44pm
Quoting YardiFX
They found me way too often... Bloodclart dem {quote}
  • #403,052
  • Oct 15, 2014 12:44pm Oct 15, 2014 12:44pm
Loving GU at the moment... It's being a proper margin call bitch
Peace & Pips
  • #403,053
  • Oct 15, 2014 12:45pm Oct 15, 2014 12:45pm
this baby still going high... yeeeeehaaaaaaahhhh
  • #403,054
  • Oct 15, 2014 12:46pm Oct 15, 2014 12:46pm
Quoting YardiFX
Loving GU at the moment... It's being a proper margin call bitch

now look at it!! ..the sum bitch is rebounding
  • #403,055
  • Oct 15, 2014 12:46pm Oct 15, 2014 12:46pm
i still believe that it will come down 1.5825-30 region
  • #403,056
  • Oct 15, 2014 12:49pm Oct 15, 2014 12:49pm
WOW!!!
Crazy volatility!!!

who spiked the drinks on the Cable Party Bus??
Come with me if you want to live....
  • #403,057
  • Oct 15, 2014 12:53pm Oct 15, 2014 12:53pm
I did say it will try and get back to 1.6050...should have spotted that it had to return to 1.5870... There was no way they would make those Asian boys have all those free pips last night.

Quoting nAVIN2007
{quote} now look at it!! ..the sum bitch is rebounding
Peace & Pips
  • #403,058
  • Oct 15, 2014 12:59pm Oct 15, 2014 12:59pm
Quoting YardiFX
I did say it will try and get back to 1.6050...should have spotted that it had to return to 1.5870... There was no way they would make those Asian boys have all those free pips last night. {quote}
I see a correction coming 1.65 is a possibility..only because if it keeps falling it means its going very low and i dont trust USD especailly when the euro looks it is supported on a good buy zone..

keep it tight bro..dont lose yur account man..if yesterday daily high breaks then theres some bullish diverence which may support the bulls
HDA will be back from his cave
  • #403,059
  • Oct 15, 2014 1:03pm Oct 15, 2014 1:03pm
Quoting nAVIN2007
{quote} I see a correction coming 1.65 is a possibility..only because if it keeps falling it means its going very low and i dont trust USD especailly when the euro looks it is supported on a good buy zone.. keep it tight bro..dont lose yur account man..if yesterday daily high breaks then theres some bullish diverence which may support the bulls HDA will be back from his cave
looooool HDA mehhnnn
  • #403,060
  • Oct 15, 2014 1:07pm Oct 15, 2014 1:07pm
Quoting Ill-b-back
closed yesterdays short at 5917. Looks like a good zone to me to sell again. goodnight folks, play safe {image} {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH1.png Size: 32 KB
Come with me if you want to live....
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