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Cable Update (GBPUSD)

  • #428,561
  • Edited 9:42am Apr 16, 2016 9:05am | Edited 9:42am
Hi scott ,cool
oil summit I'm wondering if it could initially fail expectations ,or you see this pivot going ? big buyers before
assuming bad oil news poss much needed retrace

Quoting Mr. Scott
{quote} Hey Bones, {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,562
  • Apr 16, 2016 10:02am Apr 16, 2016 10:02am
Quoting hamidabdiyan
hi guys is there any idea for GU for mondey? up or down?
don't count on any body's word, because no body knows
  • #428,563
  • Apr 16, 2016 10:17am Apr 16, 2016 10:17am
Quoting She1
{quote} don't count on any body's word, because no body knows
Exactly - people think they know but in reality its just a guessing game. You can guess the prediction right thats as close as anyone can truely get.
  • #428,564
  • Apr 16, 2016 10:48am Apr 16, 2016 10:48am
Quoting dean1star
{quote} Exactly - people think they know but in reality its just a guessing game. You can guess the prediction right thats as close as anyone can truely get.
this is not entrirely accurate, since there are hedge funds trading quant strategies generating very high returns for decades. Ren Tech LLC averaged 36% for the last decade trading US equities markets primarily. Obviously they are doing better than just guessing. But you won't hear from them on FF for sure.

But overall you are right. Only 5% actually make in through. 95% will fail ultimately.
  • #428,565
  • Apr 16, 2016 10:58am Apr 16, 2016 10:58am
Quoting Bones
Hi scott ,cool oil summit I'm wondering if it could initially fail expectations ,or you see this pivot going ? big buyers before assuming bad oil news poss much needed retrace {quote} {image} {image} {image}
Who knew? Looks like Iran won't play nice and they all can't get along?
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #428,566
  • Apr 16, 2016 11:07am Apr 16, 2016 11:07am
Quote
ho knew? Looks like Iran won't play nice and they all can't get along?

this is not groundbreaking info. this was well known in advance and already priced in by the market.
  • #428,567
  • Apr 16, 2016 11:23am Apr 16, 2016 11:23am
If I get stopped out on my short postition I'm thinking on trading the triangle breakout.
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What's that smell? ---- I smell money!
  • #428,568
  • Apr 16, 2016 11:38am Apr 16, 2016 11:38am
Quoting SteFX85
If I get stopped out on my short postition I'm thinking on trading the triangle breakout. {image}
hey how are you bro you are bringing up a good point. The internal triangle will definately breakout and we can expect a test of the TL on the chart, it sounds somewhat unreal to test area near 4600, but that's what price action did in the past this trendline was tested 4 times already so I don't see a reason why we can't test it one more time.

But the bears are right overall, the sentiment in GBP USD is bearish I'm not even arguing that for a minute. Having said that GU testing 4600 does not void bear scenario, and in fact the higher GU will push in April the steeper/deeper the drop later on. And that's also the main point. Price won't travel in a straighline, afterall it's GBP USD it's not south african rand. The deal here is to inflict the most damage/pain on both shorts and longs.

By doing major swings up to 4550-4600 and then 3900 a lot of traders will get killed. That's the name of the game.
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  • #428,569
  • Apr 16, 2016 12:01pm Apr 16, 2016 12:01pm
Quoting asgcorp
{quote} this is not groundbreaking info. this was well known in advance and already priced in by the market.
Thus the sarcasm? And the pattern?

So what is priced in? A deal? Or no deal?
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #428,570
  • Apr 16, 2016 12:15pm Apr 16, 2016 12:15pm
Hey Scott don't get so uptight. The story was featured on Bloomberg long before the meeting.

So "Iran not going to play it nice" is already factored in. Posting a chart sourced from ZH surely adds credibility to this quote.

http://www.bloomberg.com/news/articl...reeze-imdh4c85

PS: ZH been calling an eminent crash in S&P for 2 years now. ))) very credible source.
  • #428,571
  • Apr 16, 2016 12:20pm Apr 16, 2016 12:20pm
Scott pattern does make sense on GBPCAD it's @ 50% on monthly from swing high/low. In fact we have same deal on GBP JPY also.
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  • #428,572
  • Apr 16, 2016 12:23pm Apr 16, 2016 12:23pm
Ghost Rider - WWTBMD?
  • #428,573
  • Apr 16, 2016 12:26pm Apr 16, 2016 12:26pm
Hello everyone. I am new to this thread. Thank you for the work you are doing here.

On WTI, if I may please

best wishes

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Be careful what you think because your thoughts run your life..Solomon
  • #428,574
  • Apr 16, 2016 12:26pm Apr 16, 2016 12:26pm
Why is Ruffryders (asgcorp) allowed to post on FF with a different username?

Maybe gathering enough followers to lead them into another private forum again?
  • #428,575
  • Apr 16, 2016 12:28pm Apr 16, 2016 12:28pm
Quoting DasPips
Why is Ruffryders (asgcorp) allowed to post on FF with a different username? Maybe gathering enough followers to lead them into another private forum again?
yeah go ahead and file a complaint bro )))
  • #428,576
  • Apr 16, 2016 12:29pm Apr 16, 2016 12:29pm
Quoting DasPips
Why is Ruffryders (asgcorp) allowed to post on FF with a different username? Maybe gathering enough followers to lead them into another private forum again?
Frighteningly easy to see ... no?
Ghost Rider - WWTBMD?
  • #428,577
  • Apr 16, 2016 12:31pm Apr 16, 2016 12:31pm
http://www.forexfactory.com/search.p...rchid=20028159

http://www.forexfactory.com/search.p...rchid=20028164

Take a look at the charts everyone, they are the same. I mean he even named his new username after his journal:

http://www.forexfactory.com/showthre...19#post7562519

Same arrogant posting style as well.
  • #428,578
  • Apr 16, 2016 12:31pm Apr 16, 2016 12:31pm
Hello again, on GBPJPY,
If i may share my view please.

best wishes

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Be careful what you think because your thoughts run your life..Solomon
  • #428,579
  • Apr 16, 2016 12:37pm Apr 16, 2016 12:37pm
im not sure if you can draw a pennant like that ,could b I suppose ,its not like its properly respecting it
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,580
  • Apr 16, 2016 12:45pm Apr 16, 2016 12:45pm
Quoting asgcorp
{quote} this is not entrirely accurate, since there are hedge funds trading quant strategies generating very high returns for decades. Ren Tech LLC averaged 36% for the last decade trading US equities markets primarily. Obviously they are doing better than just guessing. But you won't hear from them on FF for sure. But overall you are right. Only 5% actually make in through. 95% will fail ultimately.
Interesting point there ASG

Overall however you too agree with the sentiment.
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