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Cable Update (GBPUSD)

  • #427,821
  • Apr 11, 2016 5:54am Apr 11, 2016 5:54am
Quoting asgcorp
me wonders what the old witch is brewing there {image}
equity markets are being lifted artificially , for biggie to exit longs and enter shorts
  • #427,822
  • Apr 11, 2016 5:59am Apr 11, 2016 5:59am
Quoting PatienceFx
{quote} equity markets are being lifted artificially , for biggie to exit longs and enter shorts
I think they got a wake up call from the USDJPY slide off last week, being most times correlated with S&P this spells trouble for the equities for sure.
So now they have to balance somehow, on one side they have to hike asap and give USD a boost, give the japs some relief, on another side they got china and strong dollar is pretty bad for the exporters there due to the devalued but still pegged yuan. So bottomline is there is no fix: they can apply patches, but at some stage this whole construction will collapse like a house of cards.
  • #427,823
  • Apr 11, 2016 6:04am Apr 11, 2016 6:04am
my long entry from 1.41243 was a very easy decision, well executed , collected +95 on that a few hours back,

then i went short on the retrace and collected +28

now i am planning shorts again, purel on h1 short expectations

damn this is rocket science

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  • #427,824
  • Apr 11, 2016 6:05am Apr 11, 2016 6:05am
GU failing to push above 4240 - weakness - potenially dips back into solid support @ 4180.

possible quick trade for 60 points.
  • #427,825
  • Apr 11, 2016 6:08am Apr 11, 2016 6:08am
Quoting PatienceFx
my long entry from 1.41243 was a very easy decision, well executed , collected +95 on that a few hours back, then i went short on the retrace and collected +28 now i am planning shorts again, purel on h1 short expectations damn this is rocket science {image}
not rocket science, once you have > 100 live trades with some decent results you will have a good feel for pa on GU.

just have to figure out it's bag of tricks, fake breakouts, london shake out, NY reversal, etc etc and you'd be in good shape.
  • #427,826
  • Apr 11, 2016 6:13am Apr 11, 2016 6:13am
Quoting asgcorp
{quote} I think they got a wake up call from the USDJPY slide off last week, being most times correlated with S&P this spells trouble for the equities for sure. So now they have to balance somehow, on one side they have to hike asap and give USD a boost, give the japs some relief, on another side they got china and strong dollar is pretty bad for the exporters there due to the devalued but still pegged yuan. So bottomline is there is no fix: they can apply patches, but at some stage this whole construction will collapse like a house of cards. ...
chinese property market is booming, china is growing very fast !!!

Inserted Video
  • #427,827
  • Apr 11, 2016 6:31am Apr 11, 2016 6:31am
starting to build shorts

Drink and trade?

You bloody idiot....
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Come with me if you want to live....
  • #427,828
  • Apr 11, 2016 6:32am Apr 11, 2016 6:32am
#GBPUSD Long @ 1.4152 trailing my stop, pound above 45Deg
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"W. D. Gann said that time is the most important factor among all things."
  • #427,829
  • Apr 11, 2016 6:35am Apr 11, 2016 6:35am
Quoting asgcorp
me wonders what the old witch is brewing there {image}
the pricks already know what she has brewing, they always do.

How can the MAJOR players NOT know what the privately owned FED will do next??

They OWN the FED...
Come with me if you want to live....
  • #427,830
  • Apr 11, 2016 6:42am Apr 11, 2016 6:42am
Quoting Ill-b-back
{quote} the pricks already know what she has brewing, they always do. How can the MAJOR players NOT know what the privately owned FED will do next?? They OWN the FED...
hehe ... "They" give her the ingredients. She simply stirs the pot.
Ghost Rider - WWTBMD?
  • #427,831
  • Apr 11, 2016 6:45am Apr 11, 2016 6:45am
Quoting albchr
{quote} hehe ... "They" give her the ingredients. She simply stirs the pot.
Double double, toil and trouble...
Come with me if you want to live....
  • #427,832
  • Apr 11, 2016 7:00am Apr 11, 2016 7:00am
Quoting PatienceFx
my long entry from 1.41243 was a very easy decision, well executed , collected +95 on that a few hours back, then i went short on the retrace and collected +28 now i am planning shorts again, purel on h1 short expectations damn this is rocket science {image}
mother in law tells cable to go to hell

4256 not triggered 4230 continues

4187 tp on short
  • #427,833
  • Apr 11, 2016 7:13am Apr 11, 2016 7:13am
bids at 4220 are not letting through
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  • #427,834
  • Apr 11, 2016 7:21am Apr 11, 2016 7:21am
Good morning! Did the Queen have some beans with her royal bacon last night? Looks like she's almost out of flatulence!
Have to wait and see where she burps for some entries!
  • #427,835
  • Apr 11, 2016 7:46am Apr 11, 2016 7:46am
holy shit looks like 4290 up next. this thing is smoking.
  • #427,836
  • Edited 8:09am Apr 11, 2016 7:51am | Edited 8:09am
what you don't want to do is short into the daily ,you could box and signals each end are reliable ,hammer,was ifi on its own , retrace ,piercing line this would be confirm ,as long as the overall channel holds ,month open zone ,a bearish signal that zone could b good for a longer run
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,837
  • Apr 11, 2016 7:54am Apr 11, 2016 7:54am
s/o from short entered @ 4234

It go higher now up to next resistance @ 4380
  • #427,838
  • Apr 11, 2016 7:55am Apr 11, 2016 7:55am
Market always seeks out "value areas". We are about to enter one now. Looking for acceptance or rejection of this area for guidance...
Have to see where she gets stuck, and forms a new one!
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  • #427,839
  • Apr 11, 2016 7:58am Apr 11, 2016 7:58am
this crappy wants to push higher.
  • #427,840
  • Apr 11, 2016 8:06am Apr 11, 2016 8:06am
Quoting nealpek
Market always seeks out "value areas". We are about to enter one now. Looking for acceptance or rejection of this area for guidance... Have to see where she gets stuck, and forms a new one! {image}

What would be your best indicator of this 1.42433 resistance being broken long or short?

Thanks
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