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Cable Update (GBPUSD)

  • #62,481
  • Apr 23, 2008 7:14am Apr 23, 2008 7:14am
I see what your saying, Nav... Thanks
  • #62,482
  • Apr 23, 2008 7:17am Apr 23, 2008 7:17am
9803 is Inside bottom from the 4 hr chart, price will have problems breeching this level
  • #62,483
  • Apr 23, 2008 7:17am Apr 23, 2008 7:17am
Quoting hard1head1
I see what your saying, Nav... Thanks
no worries..
  • #62,484
  • Apr 23, 2008 7:18am Apr 23, 2008 7:18am
Testing mid point pivot M2 at 9847
  • #62,485
  • Apr 23, 2008 7:19am Apr 23, 2008 7:19am
Quoting nAVIN2007
trust me bro right now im out of the market ..these condition dont suit me ....and i dont want to lose any1 money...unless im sure
welcome to stage 3 Navin, in ability to place a trade cause there is a chance it might not work, sadly you've got to work through that and accept there is no such thing as perfect, you never will know whats going on.


I keep popping back to stage 3 from time to time myself.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,486
  • Apr 23, 2008 7:20am Apr 23, 2008 7:20am
Quoting bbmac
any further selling down.....possible support area?
I see 1.9830 and eventually 1.9770
The quality of your life is brought about by the quality of your thinking.
  • #62,487
  • Apr 23, 2008 7:20am Apr 23, 2008 7:20am
Thx for the post.

Quoting fx local
GBP/USD: Full Retracement Of MPC Rally, Stops Touted London, April 23. We had expected the MPC effect to last a little longer but the rally to 1.9975 found good sized profit taking and with intraday traders bailing out following the 1.9900 break we have now witnessed a full retracement back to 1.9865. Further stop action seen to 1.9840 and there is a collapse feel about the Pound again.
At the time of the MPC minutes the Sterling market appeared to ignore the poor mortgage data and we are now hearing that U.S accounts are factoring in the fall in lending. Heavy sales out of Eastern Europe and also rumours that a U.S hedge fund sold out of a position at 1.9960-70. Talk of good bids at 1.9830 and stops under 1.9820. ifr
ex member
  • #62,488
  • Apr 23, 2008 7:25am Apr 23, 2008 7:25am
Quoting hornet
I see 1.9830 and eventually 1.9770

  • #62,489
  • Apr 23, 2008 7:26am Apr 23, 2008 7:26am
Quoting Turveyd
welcome to stage 3 Navin, in ability to place a trade cause there is a chance it might not work, sadly you've got to work through that and accept there is no such thing as perfect, you never will know whats going on.


I keep popping back to stage 3 from time to time myself.
i hear u but honestly i would enter however the risk:reward to me isnt worth the chance, theres fibs, moving averages and also very close to the s1 level and it can bounce there...not a high probability trade
  • #62,490
  • Apr 23, 2008 7:28am Apr 23, 2008 7:28am
Quoting fx local
GBP/USD: Full Retracement Of MPC Rally, Stops Touted London, April 23. We had expected the MPC effect to last a little longer but the rally to 1.9975 found good sized profit taking and with intraday traders bailing out following the 1.9900 break we have now witnessed a full retracement back to 1.9865. Further stop action seen to 1.9840 and there is a collapse feel about the Pound again.
At the time of the MPC minutes the Sterling market appeared to ignore the poor mortgage data and we are now hearing that U.S accounts are factoring in the fall in lending. Heavy sales out of Eastern Europe and also rumours that a U.S hedge fund sold out of a position at 1.9960-70. Talk of good bids at 1.9830 and stops under 1.9820. ifr

Insightful post, where do you get it?
Trade the reaction, not the news!
  • #62,491
  • Apr 23, 2008 7:29am Apr 23, 2008 7:29am
Could we get some help in 2 minutes?
  • #62,492
  • Apr 23, 2008 7:29am Apr 23, 2008 7:29am
Quoting hard1head1
Testing mid point pivot M2 at 9847
What's more, 1.9832 is the March close which has provided significant support for a bunch of daily candles in the past. Let's not forget the 62 fib too.

If price fights its way past this, it could be a good journey south.

Rob
  • #62,493
  • Apr 23, 2008 7:31am Apr 23, 2008 7:31am
(CA) FEB RETAIL SALES M/M: -0.7% V 0.1%E; LESS AUTOS M/M: -0.3% V 0.4%E
- Prior Retail sales MoM revised from 1.5% to 1.4%
- Prior Less Autos MoM revised from -1.3% to 1.1%
  • #62,494
  • Apr 23, 2008 7:34am Apr 23, 2008 7:34am
Down Channel, Hold Short Do Not Go Long Very Low Odds, Do Not Try To Pick A Bottom.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #62,495
  • Apr 23, 2008 7:35am Apr 23, 2008 7:35am
this is how the previous swings look on the hourly at the moment.
Attached Image
ex member
  • #62,496
  • Apr 23, 2008 7:37am Apr 23, 2008 7:37am
Real nice ride, Guys 9800 coming up
  • #62,497
  • Apr 23, 2008 7:41am Apr 23, 2008 7:41am
A walk in the park, sometimes when it looks like nothing is there, hence forth come your best trades.
  • #62,498
  • Apr 23, 2008 7:42am Apr 23, 2008 7:42am
Quoting hard1head1
A walk in the park, sometimes when it looks like nothing is there, hence forth come your best trades.
welldone man....made great calls all week ..

long may it continue
  • #62,499
  • Apr 23, 2008 7:42am Apr 23, 2008 7:42am
156 the hi-lo range now gbpusd, other average ranges:
Attached Image
ex member
  • #62,500
  • Apr 23, 2008 7:48am Apr 23, 2008 7:48am
We all help eachother, we are better together than by ourselves.


Quoting nAVIN2007
welldone man....made great calls all week ..

long may it continue
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