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Cable Update (GBPUSD)

  • #404,701
  • Nov 5, 2014 9:49am Nov 5, 2014 9:49am
Quoting giveachance
short @5962. the move was due to a M&A deal but if it was supposed to go higher the deal would have been announced in the morning. looks like a dead cat bounce. wild day today

Hi there. I remain long since this looks some momentum up hmmm... But yes, shorting seems to be the main trend now. Unless today closes as a bullish hammer/pinbar?
  • #404,702
  • Nov 5, 2014 9:52am Nov 5, 2014 9:52am
Quoting MaryAnne
{quote} Hi there. I remain long since this looks some momentum up hmmm... But yes, shorting seems to be the main trend now. Unless today closes as a bullish hammer/pinbar?
why I went short was this up move fell short of 1.6030. also usd/jpy is showing no signs of fatigue. watch the cut in 9 mins. if it is below 5960 we are headed for 5700 technically
  • #404,703
  • Nov 5, 2014 9:52am Nov 5, 2014 9:52am
Indeed 😈

Quoting elbert3
{quote} looks like some one factored in the news move already ??? We now will have to wait for the turbo lag ...lol ????
Peace & Pips
  • #404,704
  • Nov 5, 2014 9:52am Nov 5, 2014 9:52am
BOE did not want to raise rates when gbp/usd was around 1.70 now 1000 pips down hmmmm. it's just a matter of time before BOE is pressure again to raise rates.
  • #404,705
  • Nov 5, 2014 9:53am Nov 5, 2014 9:53am
Quoting Fx-gtg
BOE did not want to raise rates when gbp/usd was around 1.70 now 1000 pips down hmmmm. it's just a matter of time before BOE is pressure again to raise rates.
no chance. labor market is pathetic. I doubt carney talks bullish now.
  • #404,706
  • Nov 5, 2014 9:53am Nov 5, 2014 9:53am
does anyone has any guess where gbp can stop today...
  • #404,707
  • Nov 5, 2014 9:55am Nov 5, 2014 9:55am
Quoting bd pips
does anyone has any guess where gbp can stop today...
in between 5936-58
  • #404,708
  • Nov 5, 2014 9:55am Nov 5, 2014 9:55am
Quoting giveachance
{quote} why I went short was this up move fell short of 1.6030. also usd/jpy is showing no signs of fatigue. watch the cut in 9 mins. if it is below 5960 we are headed for 5700 technically

U do have valid reasons. But my entry points are below, so no harm trying UJ seems to be capped for now. It will need to reach new highs to make this one dip further, but there's not much news coming in soon? I am hoping to close my trade soon though (not long term)
  • #404,709
  • Nov 5, 2014 9:56am Nov 5, 2014 9:56am
Quoting MaryAnne
{quote} maybe due to option expiry? I was thinking of longing but 114...? the bus is so long to wait, should have joined poseikwame that day
yu havent missed the train dear... lets ride to 115-11550 lets goo
  • #404,710
  • Nov 5, 2014 9:57am Nov 5, 2014 9:57am
Quoting MaryAnne
{quote} maybe due to option expiry? I was thinking of longing but 114...? the bus is so long to wait, should have joined poseikwame that day

my target U J correction and looking for a place for long
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  • #404,711
  • Nov 5, 2014 9:57am Nov 5, 2014 9:57am
Quoting poseikwame
{quote} yu havent missed the train dear... lets ride to 115-11550 lets goo

already set buy limits my friend
  • #404,712
  • Nov 5, 2014 9:58am Nov 5, 2014 9:58am
Quoting bd pips
does anyone has any guess where gbp can stop today...
above 1.6030
  • #404,713
  • Nov 5, 2014 9:59am Nov 5, 2014 9:59am
what limits did you set?
  • #404,714
  • Nov 5, 2014 10:02am Nov 5, 2014 10:02am
Quoting poseikwame
what limits did you set?

around 114 where there is option expiry?
and some below in case we get there in spikes

PS: on GU, i have .6025 as TP (for the worse entry) revised it lower now
  • #404,715
  • Nov 5, 2014 10:03am Nov 5, 2014 10:03am
Careful, need to test today's lows a couple of times before bounce up... That's my long term hope, for short term I'm loving this up down side ways GU....
Peace & Pips
  • #404,716
  • Nov 5, 2014 10:05am Nov 5, 2014 10:05am
aussie and kiwi are both breaking again. if we get a new low in aussie I don't see gbp recovering
  • #404,717
  • Nov 5, 2014 10:06am Nov 5, 2014 10:06am
Quoting bd pips
does anyone has any guess where gbp can stop today...
no guessing only opinions..lol regards ,,,if i knew i would tell all here then we will have a big wine and dine on friday,,
  • #404,718
  • Nov 5, 2014 10:12am Nov 5, 2014 10:12am
Quoting elbert3
{quote} no guessing only opinions..lol regards ,,,if i knew i would tell all here then we will have a big wine and dine on friday,,
Why not EL? After such good ADP it bounced up almost 90 pips. Is not it a set up for NFP?

By the way hello EL and how are you?
  • #404,719
  • Nov 5, 2014 10:14am Nov 5, 2014 10:14am
if it goes above 1.62 I will long but below that any price I am short. technicals are too weak and also it has moved sharply from the lows today. it is also helped by eur/gbp selling and option based eur/usd buying
  • #404,720
  • Nov 5, 2014 10:15am Nov 5, 2014 10:15am
Quoting yardifx
careful, need to test today's lows a couple of times before bounce up... That's my long term hope, for short term i'm loving this up down side ways gu....
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could range in the blue for a while
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