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Cable Update (GBPUSD)

  • #48,881
  • Jan 9, 2008 9:07am Jan 9, 2008 9:07am
Quoting acidguy
sure, if boe dont cut rates. i win or blow up my account in the gu long.
not other way.
how many pips u down?
  • #48,882
  • Jan 9, 2008 9:09am Jan 9, 2008 9:09am
Hedged my account now! Now the dam cable can do what it wants! Should have done it 3hour ago!!!
  • #48,883
  • Jan 9, 2008 9:09am Jan 9, 2008 9:09am
Quoting nAVIN2007
how many pips u down?
this week still positive. 200pips.

but yesterday gu long. and today one, have decreased it to 120.
  • #48,884
  • Jan 9, 2008 9:12am Jan 9, 2008 9:12am
Looks like 25% rate cut has already been priced in, so GBP would appreciate considerably in such an eventuality.
50% cut will have a limited spike down.
Further GBP fall is contained by the psychological level in the EUR/GBP pair at 0.7500. It will take EUR to fall as well - GBP won't do it alone
"Luxury is one of the basic needs", (c), Don Corleone
  • #48,885
  • Jan 9, 2008 9:18am Jan 9, 2008 9:18am
seems like the gains are in the yen pairs as dow jones is drifting and suffering to hold gains.

for some reasons the yen cows keep weakening the yen.
  • #48,886
  • Jan 9, 2008 9:27am Jan 9, 2008 9:27am
first of all i dont really much believe in indicators

but still stochastic and other volume bar indicators are good for long term trading

but i found one indicator which works just amazingly i have just tried today
and this indicator giving constantly excellent signals

i have tried today this on GBP JPY , GBP USD and USD CHF

just amazing - i cant count how many pips +++++

this is just one day performance of this indicator and works just great!

I will attach this indicator saturaday or sunday here on this thread if quicksilver or admin give me permission?
  • #48,887
  • Jan 9, 2008 9:39am Jan 9, 2008 9:39am
im not sure if this is going to reverse....london market would be comin to close soon...means its likely to go further down
what do u guys think? and how often does something like this happen?
  • #48,888
  • Jan 9, 2008 9:45am Jan 9, 2008 9:45am
Quoting nAVIN2007
im not sure if this is going to reverse....london market would be comin to close soon...means its likely to go further down
what do u guys think? and how often does something like this happen?
you are correct cable will not go up anymore

cable is down tommorrow too and i think we will see the 9450 arround numbers tommorrow - while resistance is 9630 should be there
  • #48,889
  • Jan 9, 2008 9:47am Jan 9, 2008 9:47am
Quoting Designer1
I will attach this indicator saturaday or sunday here on this thread if quicksilver or admin give me permission?
Why not now?!!
  • #48,890
  • Jan 9, 2008 9:47am Jan 9, 2008 9:47am
i think GU will go up but its all depend on the news

i see a vrey good bullish pattern and its in the best level for going long.

i dunno if the news will be good or bad.
Attached Image (click to enlarge)
Click to Enlarge Name: 66gbd.jpg Size: 172 KB
  • #48,891
  • Jan 9, 2008 9:52am Jan 9, 2008 9:52am
interest rate definately going to have to be reduced, nobody is spending money and nobody is buying houses...and looks like every1 today is selling the pound so i guess it looks downhill. Its probably best for me to cancel this buy and start selling too ....as i can see tomorrow more downtrend

my indicator arernt even functioning it like there pinned.....lol
  • #48,892
  • Jan 9, 2008 9:59am Jan 9, 2008 9:59am
Quoting msniper
i think GU will go up but its all depend on the news

i see a vrey good bullish pattern and its in the best level for going long.

i dunno if the news will be good or bad.


Dear, Can you Share this indicator for me, Thanks alot
  • #48,893
  • Jan 9, 2008 10:15am Jan 9, 2008 10:15am
Quoting nAVIN2007
im not sure if this is going to reverse....london market would be comin to close soon...means its likely to go further down
what do u guys think? and how often does something like this happen?
London closed hours ago.

Possible retrace for 9600 (5sma and 23.6 fib of todays bearish rally), seems like support is too strong for now @ 9553
Measure twice, cut once
  • #48,894
  • Jan 9, 2008 10:21am Jan 9, 2008 10:21am
Quoting Bones
Very short term trade against medium trend
Looks like a good buy say up to 1.9710 after 12 oclock
I’ve got a regular bullish divergence forming on my 4hr stoch (5,3,3) which currently crossing trigger.
I’ve got my 4HR RSI 14 sitting on a rising trend line might be confirmed at 12 o’clock
We are sitting on a strong support level.
I would be looking at 1.9635 or above at 12 today for possible buy.

I don’t think price is going to have any major moves or trends until after interest rates confirmed this week. I would guess no move on rates but always have an open mind.

This is not a trade call I am not a professional trader (still on steep learning curve)just giving my thoughts for discussion.

Yep still learning
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,895
  • Jan 9, 2008 10:25am Jan 9, 2008 10:25am
And momentum are starting to get bullish too on 4h chart.

Usually I stay out of market after London close but this setup had a nice risk reward so couldn't stay out
Attached Image (click to enlarge)
Click to Enlarge Name: guppy1.gif Size: 27 KB
Measure twice, cut once
  • #48,896
  • Jan 9, 2008 10:53am Jan 9, 2008 10:53am
i gone bear now i cancel my trade as i can only see one way this is going..trying to bring lost money ..
  • #48,897
  • Jan 9, 2008 11:13am Jan 9, 2008 11:13am
Quoting nAVIN2007
i gone bear now i cancel my trade as i can only see one way this is going..trying to bring lost money ..
Bad move walk away today ,sleep well tonight,never chase loss ,good luck
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,898
  • Jan 9, 2008 11:13am Jan 9, 2008 11:13am
I'm just taking a few points on the way up & down. Do not have a short term view at the moment. What signals are you using to trade?
  • #48,899
  • Edited 11:33am Jan 9, 2008 11:15am | Edited 11:33am
Quoting marketwavez
Gbp/Usd

UPDATE TIME :
ok... Here we are
again , this is only Probability !.............

-I am only sharing with you what i think may be occurring .
basically I'm looking for this Flag-Pole formation to fail ......

If you want advice , go to your broker , he will tell every thing .......
-----------------------------------------------------------------
Gbp/Usd

Wow!............ Success ! ....................
Here's how yesterday's projection has now turned out
All targets have been reached
----------------------------------------------------------
See Original Post : # 48662
http://forexfactory.com/showthread.p...0378&page=3245

Time to go play golf,,,,,,,

---------------------------------
( Double click on chart to enlarge )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-01-08-2008-#3.gif Size: 19 KB
Click to Enlarge Name: GBP-01-09-2008-#3.gif Size: 20 KB
  • #48,900
  • Jan 9, 2008 11:22am Jan 9, 2008 11:22am
Quoting marketwavez
Gbp/Usd

Wow!............ Success ! ....................
Here's how yesterday's projection has now turned out
All targets have been reached
----------------------------------------------------------
See Original Post : #


Time to go play golf,,,,,,,

---------------------------------
( Double click on chart to enlarge )
Hay that 101 chart school really paid off
Whats the address ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
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