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Cable Update (GBPUSD)

  • #404,581
  • Nov 3, 2014 12:02pm Nov 3, 2014 12:02pm
Quoting poseikwame
{quote} well hoping for a 1.1400 if its able to break then everything else is possible...
not very likely today. its a rumored strong barrier, will need big news to pass it... previous attempts failed too
booked profit on another long here, waiting for RT to add more. Bull momentum weakening + gap needs to be closed
  • #404,582
  • Nov 3, 2014 12:14pm Nov 3, 2014 12:14pm
Seems like a lot of people have a problem with simple English comprehension, This thread is known as the CABLE thread and CABLE stands for GBP/USD. If you have a view about any other currency pair kindly look for a thread that serves your purpose and stop polluting this space please!
  • #404,583
  • Nov 3, 2014 12:21pm Nov 3, 2014 12:21pm
Quoting Makavell
Seems like a lot of people have a problem with simple English comprehension, This thread is known as the CABLE thread and CABLE stands for GBP/USD. If you have a view about any other currency pair kindly look for a thread that serves your purpose and stop polluting this space please!
Easy makavali... Cable seems dead anyway!!
  • #404,584
  • Nov 3, 2014 12:25pm Nov 3, 2014 12:25pm
Fed fisher just said waiting to raise rates summer 2015 will be waiting too long!! but I doubt with elections round the corner they will be raising rates abnormally!!
  • #404,585
  • Nov 3, 2014 12:32pm Nov 3, 2014 12:32pm
Is anyone else spotting the divergence with the slow stochastic? It's showing a rather bullish move. Will post chart later.
  • #404,586
  • Nov 3, 2014 12:35pm Nov 3, 2014 12:35pm
Quoting poseikwame
Fed fisher just said waiting to raise rates summer 2015 will be waiting too long!! but I doubt with elections round the corner they will be raising rates abnormally!!
Isn't fisher one of the 2 Fed hawks? It's therefore normal and expected he will say this, and they are getting him and the other guy Plosser replaced soon. And yes... agree with you. Raising rates too abnormally may spook market and adversely affect stock markets which seems to be what they want to avoid?
  • #404,587
  • Nov 3, 2014 1:36pm Nov 3, 2014 1:36pm
wow!! oil $78 brent 84 hmmmm.... is the greenbuck running outta steam?
  • #404,588
  • Nov 3, 2014 3:30pm Nov 3, 2014 3:30pm
Bearish momentum maintaining ...

Friday's failure to close above 1.6005 and subsequent drop to 1.5927 as well as no follow-through today after 1.6000 break
(1.6050 immediate resistance) make 1.5900s support vulnerable to retest.
Hear the music before the song is over ...
  • #404,589
  • Nov 3, 2014 3:45pm Nov 3, 2014 3:45pm
Quoting GlobalMacro
Bearish momentum maintaining ... Friday's failure to close above 1.6005 and subsequent drop to 1.5927 as well as no follow-through today after 1.6000 break (1.6050 immediate resistance) makes 1.5900s support vulnerable to retest.
Thank you GM.... Today's lack of follow through on the good PMI numbers is clearly bearish but the sloppy action holding me back from going short..... I took a gigantic position (10 std lots) short gold today at 1168......This will either blow my account or make me some money.. Looking for 1140 ishh...
  • #404,590
  • Nov 3, 2014 3:57pm Nov 3, 2014 3:57pm
Quoting GlobalMacro
Bearish momentum maintaining ... Friday's failure to close above 1.6005 and subsequent drop to 1.5927 as well as no follow-through today after 1.6000 break (1.6050 immediate resistance) make 1.5900s support vulnerable to retest.
Hey Global long time... I hope you good...
  • #404,591
  • Nov 3, 2014 4:11pm Nov 3, 2014 4:11pm
Quoting poseikwame
{quote} Hey Global long time... I hope you good...
Posting here every day. You've been off for some time though ...
Hear the music before the song is over ...
  • #404,592
  • Nov 3, 2014 4:20pm Nov 3, 2014 4:20pm
Quoting Xxavier
{quote} Thank you GM.... Today's lack of follow through on the good PMI numbers is clearly bearish but the sloppy action holding me back from going short..... I took a gigantic position (10 std lots) short gold today at 1168......This will either blow my account or make me some money.. Looking for 1140 ishh...
Hi Xavier. On XAU , momentum definitely on your side. Only thing to watch out is the trend , it has been going on for some time.
1195 an important support is broken. Watch 1182 for any sign of bear trap ... just in case. G/L
Hear the music before the song is over ...
  • #404,593
  • Nov 3, 2014 4:28pm Nov 3, 2014 4:28pm
Quoting GlobalMacro
{quote} Posting here every day. You've been off for some time though ...
Yhh I know... been busy with work etc!! Trying to set up a new venture!! anyway hows trading been for you?... seeing some crazy raisers on JPY pairs... any suggestions on UJ?
  • #404,594
  • Nov 3, 2014 4:36pm Nov 3, 2014 4:36pm
Quoting poseikwame
{quote} Yhh I know... been busy with work etc!! Trying to set up a new venture!! anyway hows trading been for you?... seeing some crazy raisers on JPY pairs... any suggestions on UJ?
UJ one of the easiest markets fundamentally. Extremely bullish momentum ... nearest support I have is 112.45-55 other than that crystall clear PA.
Trading's been good. Good luck with your new venture.
Hear the music before the song is over ...
  • #404,595
  • Nov 3, 2014 4:40pm Nov 3, 2014 4:40pm
Quoting GlobalMacro
{quote} UJ one of the easiest markets fundamentally. Extremely bullish momentum ... nearest support 112.45-55 I have otherwise crystall clear PA.
yes you are right... with japan comingg out of holiday soon I think pair still remains bullish!! still finding it difficult to pass resistance at 114 range!!... Any suggestions for AU and other AUD pairs with loads of AUD news coming shortly?
  • #404,596
  • Nov 3, 2014 4:43pm Nov 3, 2014 4:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 183 KB
  • #404,597
  • Nov 3, 2014 4:53pm Nov 3, 2014 4:53pm
Quoting poseikwame
{quote} yes you are right... with japan comingg out of holiday soon I think pair still remains bullish!! still finding it difficult to pass resistance at 114 range!!... Any suggestions for AU and other AUD pairs with loads of AUD news coming shortly?
AUD chop shop. Daily indicating selling interest out of range but very prone to re-enter the range and trap the bears.
Momentum neutral on that pair.
I'd wait out weekly close , if still heavy by then ... will take a look at it again otherwise water full of sharks there.
Hear the music before the song is over ...
  • #404,598
  • Nov 3, 2014 5:01pm Nov 3, 2014 5:01pm
Quoting GlobalMacro
{quote} AUD chop shop. Daily indicating selling interest out of range but very prone to re-enter the range and trap the bears. Momentum neutral on that pair. I'd wait out weekly close , if still heavy by then ... will take a look at it again otherwise water full of sharks there.
I get your point... GA?...
  • #404,599
  • Edited 5:37pm Nov 3, 2014 5:15pm | Edited 5:37pm
Quoting poseikwame
{quote} I get your point... GA?...
Gotta run Pose. We'll do GA some other time. Have a good one.
Hear the music before the song is over ...
  • #404,600
  • Nov 3, 2014 9:03pm Nov 3, 2014 9:03pm
Knock Knock fellas... anyone awake??
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