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Cable Update (GBPUSD)

  • #406,341
  • Jan 7, 2015 6:42am Jan 7, 2015 6:42am
Quoting a16908
USD: ADP Non-Farm Employment Change & Trade Balance will be negative "Inn sha ALLAH".
i hope so
  • #406,342
  • Jan 7, 2015 7:37am Jan 7, 2015 7:37am
1.5060 TP target for today.. I hope my fear doesn't come into my mind.. :G
GTS V8 Return This Month: na
  • #406,343
  • Jan 7, 2015 7:56am Jan 7, 2015 7:56am
When looking at the Non-Farm Employment change for the US please keep in mind that during the holiday season it is always higher due to companies hiring part-timers to get their holiday merchandise out. This influx of labor always affects the December numbers. The market may react to it initially but usually the reaction dissipates throughout the trading day. The FOMC minutes later today along with the NFP at weeks end will determine the markets direction for now.
  • #406,344
  • Jan 7, 2015 8:09am Jan 7, 2015 8:09am
re post above....fundamentally a lot going on at moment....possible earlier than expected rate rises in Uk and U.s but not very probable at moment....possible Greek fallout of Euro depending on election result....Uk general election coming up......mixed data in Uk, Euro zone needing some kind of stimulus etc etc.....Other than the data/news releases I'm glad I'm a technical trader.

best wishes.
it's all gone a bit........
  • #406,345
  • Jan 7, 2015 8:14am Jan 7, 2015 8:14am
After 6 months of being short I've switched to long but starting to wonder if I switched to soon. It's amazing what a difference we are talking about now to 12 months ago when cable was going through the roof.
  • #406,346
  • Jan 7, 2015 8:20am Jan 7, 2015 8:20am
Quoting InNeedOfHelp
After 6 months of being short I've switched to long but starting to wonder if I switched to soon. It's amazing what a difference we are talking about now to 12 months ago when cable was going through the roof.

yes absolutely...I was short on cable simply because of the massive drop from 2.0 it simply looked like a bear formation ( bear flag) but euro is quite low and dollar seems quite high once again im looking for 1.6 longer term ..but im starting to wonder if we may see it

not looking good for me once again
  • #406,347
  • Jan 7, 2015 8:24am Jan 7, 2015 8:24am
Quoting nAVIN2007
{quote} yes absolutely...I was short on cable simply because of the massive drop from 2.0 it simply looked like a bear formation ( bear flag) but euro is quite low and dollar seems quite high once again im looking for 1.6 longer term ..but im starting to wonder if we may see it not looking good for me once again
I'm not worried yet (famous last words) - Cable is trading low at the moment but I can't believe anything in the US is that much better and we are due a correction.
  • #406,348
  • Jan 7, 2015 8:30am Jan 7, 2015 8:30am
right on that 2nd t/line now ?...could be support down to 4800 ? depends on upcoming news/data this week I guess.

best wishes
Attached Image (click to enlarge)
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it's all gone a bit........
  • #406,349
  • Jan 7, 2015 8:42am Jan 7, 2015 8:42am
jeeps Nav ,thats 500 pips in 4 days

Quoting nAVIN2007
{quote} yes absolutely...I was short on cable simply because of the massive drop from 2.0 it simply looked like a bear formation ( bear flag) but euro is quite low and dollar seems quite high once again im looking for 1.6 longer term ..but im starting to wonder if we may see it not looking good for me once again
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD h4 day (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,350
  • Jan 7, 2015 8:50am Jan 7, 2015 8:50am
usd chf is interesting ,im gonna be surprised to see high go after that h1 , and $ is a major point ,but best to wait to be anti $
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 CHF month (DFB).png Size: 24 KB
Click to Enlarge Name: 1 gbp usd h12 USD (DFB).png Size: 27 KB
Click to Enlarge Name: 1 usd chf h1 CHF (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,351
  • Jan 7, 2015 8:52am Jan 7, 2015 8:52am
Quoting Bones
usd chf is interesting ,im gonna be surprised to see high go after that h1 , and $ is a major point ,but best to wait to be anti $ {image} {image} {image}
Whole market looks like on the verge ... it is make or break for long term trends now against usd.
Fix up, trade sharp ...
  • #406,352
  • Jan 7, 2015 8:58am Jan 7, 2015 8:58am
Happy new year ,gbp cad consolidation ,but now has big problem for break up what you reckon ?


Quoting giveachance
{quote} happy new year tony. whats happening to the gbp/cad trade. I am really mising trading gbp now after I got stopped out on my euro positions at weekend. what a troll the euro is.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp CAD 4 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,353
  • Jan 7, 2015 9:01am Jan 7, 2015 9:01am
I agree , guess that H1 usd chf could be natural reaction to monthly good tl ,and is above close support ,guess most will be watching this point very close

Quoting Hickson
{quote} Whole market looks like on the verge ... it is make or break for long term trends now against usd.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,354
  • Jan 7, 2015 9:06am Jan 7, 2015 9:06am
Quoting Bones
usd chf is interesting ,im gonna be surprised to see high go after that h1 , and $ is a major point ,but best to wait to be anti $ {image} {image} {image}
Yes and look left.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #406,355
  • Jan 7, 2015 9:33am Jan 7, 2015 9:33am
thanks Mr Scott ,guess we could see 3 drive ? is that how you'd view ?

Quoting Mr. Scott
{quote} Yes and look left. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,356
  • Jan 7, 2015 9:45am Jan 7, 2015 9:45am
Quoting rizkinovri
1.5060 TP target for today.. I hope my fear doesn't come into my mind.. :G
Taken Profit on 1.5072 , Fear effect.. and close trade for today.. Have a nice day pals..
GTS V8 Return This Month: na
  • #406,357
  • Jan 7, 2015 9:46am Jan 7, 2015 9:46am
Quoting Bones
jeeps Nav ,thats 500 pips in 4 days {quote} {image}

I know its friggin typical lol
  • #406,358
  • Jan 7, 2015 9:51am Jan 7, 2015 9:51am
Quoting InNeedOfHelp
{quote} I'm not worried yet (famous last words) - Cable is trading low at the moment but I can't believe anything in the US is that much better and we are due a correction.
lets see how it plays out..i have used all of my nine lives..at least we get positive swop fees
I just hope it doesnt fall much lower..last year ended bearish and i so thought a retest of 1.6 was coming, now i guess we have to wait

why is this thread so dead?
  • #406,359
  • Jan 7, 2015 9:51am Jan 7, 2015 9:51am
regardless of anything Nav on a monthly I don't see the way out this month ,for cable


Quoting nAVIN2007
{quote} I know its friggin typical lol
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD monthly (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,360
  • Jan 7, 2015 9:52am Jan 7, 2015 9:52am
Quoting Bones
thanks Mr Scott ,guess we could see 3 drive ? is that how you'd view ? {quote}
Hi Bones,

Something like that, larger has higher target, but I agree with your analysis. Structure not perfect but key point.
The world you desire can be won. It exists.. it is real.. it is possible..
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