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Cable Update (GBPUSD)

  • #61,821
  • Apr 17, 2008 1:34am Apr 17, 2008 1:34am
http://www.livoss.com/signal/gbpusd.JPG
  • #61,822
  • Apr 17, 2008 1:44am Apr 17, 2008 1:44am
May I know what is the name of GBP Stock Exchange?
I want to monitor the movement of GBP Exchange which I think should related with Forex.

Thanks and sorry for poor english.
  • #61,823
  • Apr 17, 2008 1:45am Apr 17, 2008 1:45am
Quoting Tmac
Pivot: 1.9675

Our preference: Long positions above 1.9675 with targets @ 1.9807 & 1.9835 in extension.

Alternative scenario: Below 1.9675 look for further downside with 1.965 & 1.96 as targets.

Comment: the 1.9675 support area should contain any downward attempt before the pair reverses upwards to 1.9835 (declining trend line).

this is the latest

trade with caution
Are you working for FXCM, I can see you are quoting their service
directly as if you are the one doing the analysis - please explain.

here is example of FXCM typical free signal
BP/USD intraday: Bullish above 1.968
Pivot: 1.9678.
Our Preference: LONG positions @ 1.9688 with 1.978 & 1.98 in sight.
Alternative scenario: The downside penetration of 1.9678 will call for 1.9638 & 1.96.
Comment: The 1.968 support area (Fibonacci retracement, tentative trend line) is expected to favour a bounce.

Trend: ST Ltd Upside; MT Bullish
Your graph and everything is direct like theirs.

Just curious
  • #61,824
  • Apr 17, 2008 1:46am Apr 17, 2008 1:46am
Quoting mavewei
May I know what is the name of GBP Stock Exchange?
I want to monitor the movement of GBP Exchange which I think should related with Forex.

Thanks and sorry for poor english.
BP PLC
  • #61,825
  • Apr 17, 2008 1:46am Apr 17, 2008 1:46am
i think first target today should be 9765-75.from there back down..tomo. shld be bearish day... gluck guys
  • #61,826
  • Apr 17, 2008 3:36am Apr 17, 2008 3:36am
this is crazy moment.....what the hell is going on ..
  • #61,827
  • Apr 17, 2008 3:58am Apr 17, 2008 3:58am
Quoting nAVIN2007
this is crazy moment.....what the hell is going on ..
Agreed.
  • #61,828
  • Apr 17, 2008 3:59am Apr 17, 2008 3:59am
Quoting Qu|cksilver
I have done alot of analysis since last friday and it shows cable can go up to 1.9033 maybe.. and i don't think today the price will hit that level because today not much news for gbp and usd.
ok, but current news says BOE will launch emergency funding for house buyer in next week to rescue the housing market... therefore, i cant really see it happen right now....
today and tomorrow are very crucial, can determine long term bull or bear
  • #61,829
  • Apr 17, 2008 4:17am Apr 17, 2008 4:17am
Quoting SimonJ
Agreed.
yesterday i placed a trade to go short ...i canceled it because 62 ema was in the way then we had a sudden burst of energy down and i placed another short, all night we werent able to break 62 ema which happened to be where the damn pivot point is....then we started moving up and i got this idea to hedge ....

I placed 3 lot to go up ....buying in crap places except for the one on the bottom of trendline....i came out with £5 profit ...and protential loss could have been £200+ but i think i would have canceled it after 100+ but this is not the point ...risk:reward went out of the window, with me also almost...lol
just when i think i know what im doing i do something as stupid as this..

I have be live trading 5 weeks now and so far this week i appear to be in £17 profit for the week, still 550 down!...lol
just doing everythin i can to hold my money, but man in this market it seems anything can happen ..i was thinking short for sure but theres a lot of resistance to go down...so now i wonder!!! how high will we go ..

1.9865 if it goes past this it could mean no bearish move..tomorrow ..
  • #61,830
  • Apr 17, 2008 4:22am Apr 17, 2008 4:22am
Quoting mr.m
i think first target today should be 9765-75.from there back down..tomo. shld be bearish day... gluck guys
target reached...im going to mointor very closely for a short entry now..tomo should be bearish
  • #61,831
  • Apr 17, 2008 4:27am Apr 17, 2008 4:27am
Quoting winwise
ok, but current news says BOE will launch emergency funding for house buyer in next week to rescue the housing market... therefore, i cant really see it happen right now....
today and tomorrow are very crucial, can determine long term bull or bear
dude u are reading the first post which is very old and if u read it well doesnt make any sense to the current condition

because how can we go up to 1.9000 from 19770???????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,832
  • Apr 17, 2008 4:31am Apr 17, 2008 4:31am
Quoting salah k.
dude u are reading the first post which is very old and if u read it well doesnt make any sense to the current condition

because how can we go up to 1.9000 from 19770???????
Magic
Trade what you see, not what you think.
  • #61,833
  • Apr 17, 2008 4:35am Apr 17, 2008 4:35am
Quoting winwise
ok, but current news says BOE will launch emergency funding for house buyer in next week to rescue the housing market... therefore, i cant really see it happen right now....
today and tomorrow are very crucial, can determine long term bull or bear
ATM in the UK ecomomy anything seems to be better then the dithering, indecision and the mishandling of the situation like the Northen Rock scenario.
So Mr Brown change of tone in NY might be cable positive. Even Mr Darling indiscretion didnt botherred the cable at least in the short term. So lets follow our BIIIIGGGG cousins and make the fundation of the economy firmly rooted in within the domain of the housing market, for better or worse, who knows?
Make sure losses are small and profits are bigger!
  • #61,834
  • Apr 17, 2008 4:39am Apr 17, 2008 4:39am
Price still on bull run im looking for a reaction to the falling TL,
got some US employment figures coming out later and I would imagine they are going to be bad based on recent figures.
+ BOE is taking steps to free up money supply for UK banks.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #61,835
  • Apr 17, 2008 4:42am Apr 17, 2008 4:42am
Quoting karmostaji
Magic

good to see back buddy ..hope yur trading is going well, i will check out yur journal in weekend as i sure i shall learn a thing or too ..
  • #61,836
  • Apr 17, 2008 4:48am Apr 17, 2008 4:48am
Can someone offer some kind of explanation for the 70 pip spike on no news in the last hour? Nothing on Bloomberg... maybe I'm looking in the wrong places.
  • #61,837
  • Edited 5:02am Apr 17, 2008 4:49am | Edited 5:02am
Quoting SimonJ
Agreed.
I think this is partly due to E/U strength in speculation towards 1.6000+. Also, G/U's prolonged bearish run has been losing steam over the last few days (i.e. indecisiveness in daily candles). The market is in need of some easing off, before it can confidently move downwards again. This move toward 1.9830ish to touch the trendline, is a technical move, supported by E/U's up towards 1.6000+.

When it gets confusing, zoom out and look at the larger timeframes.

As I mentioned a few days ago, G/U is kind of a shit pair to trade atm, because both UK and US are showing bad signs.
Trade the reaction, not the news!
  • #61,838
  • Apr 17, 2008 4:58am Apr 17, 2008 4:58am
thats the perfect answer so far.

but cable can easily fly i think above its resistance if US unemployment was bad and it might show possible trend reversal signs.

KARMO my friend hamdellah 3ala l salemeh
we missed ur posts in here.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,839
  • Apr 17, 2008 5:09am Apr 17, 2008 5:09am
it better start sinking soon ..
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  • #61,840
  • Edited 5:29am Apr 17, 2008 5:14am | Edited 5:29am
Hello Bones,

are you ready for new Sell positions?

I am looking for enter around 1.9835 - 4h MA100 and also forecast for retracement of El Grande Elliot wave counting :

http://forexfactory.com/attachment.p...4&d=1208326990

best regards

FXP

Quoting Bones
Price still on bull run im looking for a reaction to the falling TL,
got some US employment figures coming out later and I would imagine they are going to be bad based on recent figures.
+ BOE is taking steps to free up money supply for UK banks.
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