GBP/USD

[Kauri]

Re: GBPUSD

Yep 198.80 dropped like a rock , seen 198.3's so far .

Bring it on....
Sterling has attracted some late selling out of Europe and sources suggest this could also be the pattern for Friday with a large slice of stale Sterling longs reportedly close to pulling the plug.
Cheers
.........Kauri

 

[Kauri]

Re: GBPUSD

Of the majors that I trade the Cable is the only one, so far, that hasn't gone into a holding pattern.... yet!!!
Cheers
.........Kauri

 

[ithatheekret]

Re: GBPUSD

I'm waiting to see how much of a fight it puts up .

Strange night on the Euro , didn't know what it wanted to do , seemed softly bid up only to break lower after each spurt .

Someones pointed the bone at it ........

Might place a couple of orders around 1.42 even and just below . I keep thinking 141.75 ........... ponder , ponder , ponder ...........

Looks more muddled than Centros bookwork !

 

[ithatheekret]

Re: GBPUSD

Forgot to mention I booked the winners in @ 198.10ish early AM .

looking to re-enter but ........ will wait for the funds to have fun first .....

 

[ithatheekret]

Re: GBPUSD

It's trying to push through the crowd and knock on 198.9's door .... trying .

Might notch that area in say 198.8/9 as the litmus zone , will try shorting if it founders there again .

 

[Kauri]

Re: GBPUSD

It's trying to push through the crowd and knock on 198.9's door .... trying .

Might notch that area in say 198.8/9 as the litmus zone , will try shorting if it founders there again .

No guarantees but it may be getting to roll over... or go belly-up.. or..
Cheers
........Kauri

 

[ithatheekret]

Re: GBPUSD

If it could get it's head above 199.ish I'd be impressed . Until then I'm selling the crown jewels

 

[ithatheekret]

Re: GBPUSD

Swissie is starting to squirm by the looks ...... have a 115.56/8 entry down there somewhere ......... might be a holder soon .

 

[Kauri]

Re: GBPUSD

If it could get it's head above 199.ish I'd be impressed . Until then I'm selling the crown jewels

I've added to my shorts so often already I think the family jewels may be on the line..
Cheers
.........kauri

 

[Kauri]

Re: GBPUSD

another short added... UK data out soon...
Cheers
..........Kauri

 

[ithatheekret]

Re: GBPUSD

The most annoying thing about this trade , is that we're helping Big Bowana Gordo .

Hopefully it doesn't get low enough for them to export him .........

 

[Kauri]

Re: GBPUSD

Retail sales as expected... so maybe now the short-term driver will be the option barrier purported to lie at 198...??
Cheers
..........Kauri

 

[ithatheekret]

Re: GBPUSD

I've got neck ache from watching pip swings for pounce opps.

The madness should have died down by now , or be close to ending for the year . A couple of Funds are fighting over the Yen , but it's getting close to shop close here . Tonight might be fun , quadruple witching on the US boards , so will be applying matchsticks to eyelids for that one .........

I saw that 4% on retails ....... sold the peak for a schwing , one month , a trend it is not

I been patiently waiting for it too pass 1988/9 and attempt 199 .05-15 , where I believe it will stall , if the rate cuts have sunk in to the funds heads .

 

[ithatheekret]

Re: GBPUSD

Cable has hung up the phone @ 198.00 and under , could be a long and bounciful drop to that magical 196. and a 'alf .

waiting to see where the bounce ends up this time ..............

my bet is that it acts like a tennis ball going down a stairwell , a few good bounces , LSE has some really good stocks on it .... real value plays , some with actual organic growth .

 

[ithatheekret]

Re: GBPUSD

The rise as which I played into around the 2.084 area , went higher by a tad and then retreated back to the lower 198's .

It looks like a march back and forth between a no-mans land to me . A quick march with support through most of it . I thought at one time it was going to attack the 20MA .

So right now in the 198.3/4 area , my play is to look for it to test just below that 198.25ish , if that can't be held , I'll sell it again and look for something of an approach towards 197.80ish . Below that is a defence area around 197.6/7ish , the line must be breached there or we can forget 196 heaven .

The otherside of the coin has another trunching through no-mans land , with 198.5/6ish as the first test area ( could be a nice short area too, if momentum wains ) , above there is that 199. bingo zone , a breach of that lets loose the hounds and they run like blimey for 80 - 100 pips from there . but they haven't got the bunny on the run past the 20MA yet , downright tried though .

So alarms all set , and a few hail marys .............. and we should have a nice run eitherway on the track .

 

[ithatheekret]

Re: GBPUSD

PS.. last intraday supports breached .

Parity as pivot , saw resistance ??? now etched in the sand @ 2.0024/(and looking forward)2.0025 area just below a Fib projection around 2.005/6ish ,

highest intraday support @ 2.020 failed ,

the lower supports @ 1.993/4 -1.9910/05-198.8/7 failed ,

so any bounce could see 199 test again , I'll hold off on the 198.5 short if it starts heading that way , just in case 199.3/4 is tested , that would have Cable on its feet on the border of the no-mans land run . If it wants that walk through , it will more than likely try have a go at 2.005/6 area if 2.0024 gets breached , being the last top to run off and now semi-res.

I actually like the idea of that scenario more , due to the pip volume schwing .........


PS.. note previous posts 2.084 mentioned should read 2.024

 

[ithatheekret]

Re: GBPUSD

198.25 tested , moving into 198.4/5 area now.

 

[ithatheekret]

Re: GBPUSD

Yawn.... typical tommy .

198.62 stopped for a cuppa and to read the map .

 

[ithatheekret]

Re: GBPUSD

If this run doesn't breached well past parity plus res. it would look like head and shoulder pattern to moi ....... even then ......

anyone else think these runs at peaks will continue into that scenario , 1 to go after this one .............. ???

 

[ithatheekret]

Re: GBPUSD

PS.. I must apologise for some of my posts , noted members would understand the mistakes , but fat fingers and fast typing , whilst stacking executions has me in a rush at times .

Pick me up on them please by all means . But I 'm sure you would understand the directions I've project ....... but practice makes perfect and I'm no typist .


good res. brawl @ 198.80./85ish down to 198.879ish