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Cable Update (GBP/USD) without Idiots 22 replies

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Cable (GBPUSD) vs Euro (EURUSD) 26 replies

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cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting MrFuture
tough one to break....

I have exited my trade with 38 pips profit. I think we might be heading north for now to around 861 then a retracement

Lets see
I can't post any pix, but if you look at the 1hr chart and notice how the small candles of last night (US time) formed a perfect support trendline. That's exactly where this little downfall stopped.

I wonder if now it got mad and will start to go north again....it could test the 900 levels again....but I wonder if any fear of a GBP rate cut will tame the beast....
"Lunch ? Lunch Is For Wimps !"
i went long at 813 with t/p 903 all my other brokers hit my t/p, odl did not, all my other broker 's showing a high of 904-905 but odl is showing 902 so my t/p did not get hit they was off by at least 3 pips, what or your broker showing for high?
If I Go Broke Trying Then I Will die happy.
mine shows 2.0904...on some news they mentioned it went up to 2.0907...
"Lunch ? Lunch Is For Wimps !"
Quoting MrFuture
mine shows 2.0904...on some news they mentioned it went up to 2.0907...
thanks, all ecn is showing 905 or above, even tho im in profit i don't like the fact that odl was off by so much, they always keep within 1 pip of ecn.
If I Go Broke Trying Then I Will die happy.
FOREX: FT Sees Risk of "Fire Sale" of Subprime Securities San Francisco, Nov. 6. Adding to the gloom over the US markets and the USD is an article in the FT this afternoon that is headlined, "Risk of Securities File Sale Mounts" with the report warning that recent debt downgrades on CDOs are likely to forced selling of these obligations. It also states that signs are growing that the SIV "superfund" backed by the Treasury is stalling and finally, worries are mounting over the health of bond insurers such as MBIA and Ambac. There has been little retreat in the EUR/USD which trades at 1.4554 after a new record of 1.4570 today. Cable is at 2.0864 after a fresh 26-yr high of 2.0904 and USD/CAD continues to extend its lows, now trading at 0.9215, and seen reflecting the US market concerns. Stocks have bounced into the close, up 65 pts, but this does not appear to be dispelling the market concerns over the current subprime mess.
Numerous problems with US housing companies including Beazer and Hovanian were reported today with yet another builder, Ryland Group, set to hold a "fire sale" of current inventory this weekend. In addition, Fitch is cutting the ratings outlook on a number of banks.
Quoting Moe
thanks, all ecn is showing 905 or above, even tho im in profit i don't like the fact that odl was off by so much, they always keep within 1 pip of ecn.
but it is weird because if it was something fishy they would have done it on numbers like 2.0899 or 98 rather than after the big number was passed.....
"Lunch ? Lunch Is For Wimps !"
Mine shows a high of 2.0903 (bid)...therefore, with a 4 pip spread...high of 2.0907(ask)
Strategy:[email protected] the market has bounced off 2.0782 (Monday"s low) to rally to fresh highs by 2.0905. While daily momentum points north however, stochs and RSI showing negative divergence. As such, we expect the market to enter a period of corrective selling ahead of a resumption of the broader uptrend.

a tip from dailyfx, they seem to be thinking its going to be going down.
FOREX: Newspaper Headlines for Wednesday, November 7th San Francisco,
Nov. 6.
* BOJ WATCH: Domestic Output Stable Despite Subprime Turmoil - Nikkei
* Risk of securities fire sale mounts - FT
* Oil and gold reach fresh highs - FT
* Canadian Pension Plan in new Auckland Airport Bid - NZPA
* Battlers brace for more bad news - news.com.au
* BlackBerry network goes down nationwide - news.com.au
* Government, markets brace for rate rise - ninemsn.com.au
* Westfield says global shop sales strong - ninemsn.com.au
* Japanese economy risks slowing - Sydney Morning Herald
* Soros says US economy faces serious slowdown - Melbourne Age
* Wen defends curbs record - HK Standard
* US tipped to face more pain - HK Standard
* Banks bullish on HK property prices - HK Standard
Quoting tim1234
Strategy:[email protected] the market has bounced off 2.0782 (Monday"s low) to rally to fresh highs by 2.0905. While daily momentum points north however, stochs and RSI showing negative divergence. As such, we expect the market to enter a period of corrective selling ahead of a resumption of the broader uptrend.

a tip from dailyfx, they seem to be thinking its going to be going down.
Wow, just now their stochs and rsi are showing selling signals ?...truth is, with these kind of growths, rsi and stochs do not work for obvious reasons. rsi takes into considerations movements relative to average levels of the past. We are obviously not trading average levels nowdays, therefore they do not work that well now...
"Lunch ? Lunch Is For Wimps !"
the thing is, a divergence (of any type) means absolutely nothing if it's the only thing you see on the chart. you also need to see reversal patterns and some broken trendlines.
Nihil Sine Deo.
Not that baaaaaaad a halloween.

No Sir!!


....$1B while trick-or-treating

http://www.cnbc.com/id/21580596/site/14081545/?photo=1
Quoting cesarnc
Not that baaaaaaad a halloween.

No Sir!!


....$1B while trick-or-treating

http://www.cnbc.com/id/21580596/site/14081545/?photo=1
But the witches appear eventually

"Microsoft Fires Chief Information Officer for 'Violating Company Policies'"
CNBC
...nowadays cable is kinda hard for me to trade using my system,i moved to NZD/$ & $/Canadian and its fantastic out there !
Quoting Moe
i went long at 813 with t/p 903 all my other brokers hit my t/p, odl did not, all my other broker 's showing a high of 904-905 but odl is showing 902 so my t/p did not get hit they was off by at least 3 pips, what or your broker showing for high?
You are correct 900 is the resistance
I closed my short at breakeven.. i have no idea now what the cable gonna do.. long or short just wait and see..
"Invest With The Insiders, Not The Masses" George Muzea
2.0893 is the resistance for now and support at 2.0853
Becareful with this line...
If cable break the resistance we might see 2.1
If cable break the support we might back to 2.07 level.
"Invest With The Insiders, Not The Masses" George Muzea
I'm closing. Resistance is deadly right now, no idea what can happen next. Also not a bad TP level (80 pips av on each)for those who are picking these light retracements.

As always, good luck.

Quoting Plutonite
Actually, some pretty nice bottoms are forming now, GU is nicest. EU is more rugged formations - less rounded/sexy on H4 than GU, but I think Tokyo will see some buying inboth. I have a VERY tight SL on the lows.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
80 pips within 10 min. That's something.
Quoting new_trader
100 pips within 10 min. That's something.

Gotta luv that........
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