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Cable Update (GBPUSD)

  • #62,661
  • Apr 24, 2008 3:24am Apr 24, 2008 3:24am
Quoting warta
gbp retail sale may can be -0.3 it will take cable down too
and it might be the opposite because last month cable was relatively lower so it might just might be better than expected.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #62,662
  • Apr 24, 2008 3:30am Apr 24, 2008 3:30am
wow really bad number
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #62,663
  • Apr 24, 2008 3:32am Apr 24, 2008 3:32am
Quoting salah k.
wow really bad number
March bad inline with expectations, revisions were higher year on year figure 4.6% higher than the 4.3% expected
Trading is 80% Emotional, 20% Technical
  • #62,664
  • Edited 3:45am Apr 24, 2008 3:33am | Edited 3:45am
Quoting nAVIN2007
retail sales will bring cable down even further now ..
not quite the case, typical knee jerk reaction to figs in cable was good opp for fast ticks from lows
Trading is 80% Emotional, 20% Technical
  • #62,665
  • Apr 24, 2008 3:35am Apr 24, 2008 3:35am
Quoting salah k.
wow really bad number
this is the market
  • #62,666
  • Apr 24, 2008 3:39am Apr 24, 2008 3:39am
One thing you can be sure of... is that you cannot be sure. I am short but will watch it closely.
  • #62,667
  • Apr 24, 2008 3:45am Apr 24, 2008 3:45am
Quoting fx local
not quite the case
this is crazy huh..i have been looking at the weekly chart and i starting to believe this is going down..plenty of failed attempts going to 2.00 area ..and we we didnt break it last week with that bullish run im not it will now ..

im glad i exited yesterday now ..
  • #62,668
  • Apr 24, 2008 3:47am Apr 24, 2008 3:47am
You Enter, It Quickly Goes Against And U Try Not To Be Screwed Too Much And Leave, It Reverses. Damn, Too Early To Be Losing
PIPS AND PIPS ONLY... + OF COURSE
  • #62,669
  • Apr 24, 2008 3:48am Apr 24, 2008 3:48am
Quoting nAVIN2007
this is crazy huh..i have been looking at the weekly chart and i starting to believe this is going down..plenty of failed attempts going to 2.00 area ..and we we didnt break it last week with that bullish run im not it will now ..

im glad i exited yesterday now ..
GBP/USD: Spikes On Annual Data And February Revision London, April 24. Cable has bounced out of a 1.9710 spike low with the latest take on the U.K retail sales data showing a stronger than expected showing for the year to March and also an upward revision to the February data. However, the data is under scrutiny as other gauges of consumer activity and confidence suggest the retail situation could be weaker than the headline number is showing.
GBP/USD has climbed back to 1.9780 but again sellers have emerged and a quick drop to 1.9750-55 seen.
With 1.9760 and 1.9730 stops cleared away the order board is now looking thin. We are hearing of good sized bids away from market at 1.9650-60 and offers have been brought closer to market in the 1.9770-90 area.
Trading is 80% Emotional, 20% Technical
  • #62,670
  • Apr 24, 2008 3:59am Apr 24, 2008 3:59am
intraday high found resistance at that broken trend line now acting as resistance...see screenshot, it was a € led sell off, as it reacted to data in the eurozone.
Attached Image (click to enlarge)
Click to Enlarge Name: trend line SBR now.gif Size: 20 KB
ex member
  • #62,671
  • Apr 24, 2008 4:07am Apr 24, 2008 4:07am
I am undecided about closing my short, I placed a limit at 1.9700 (1.9690 is an interesting area).

I've been holding since yesterday afternoon at 1.9815
The quality of your life is brought about by the quality of your thinking.
  • #62,672
  • Apr 24, 2008 4:08am Apr 24, 2008 4:08am
Quoting kaka08
You Enter, It Quickly Goes Against And U Try Not To Be Screwed Too Much And Leave, It Reverses. Damn, Too Early To Be Losing
Like the early part of yesterday's LO session.

If one had the balls, when you see price plunging you go long, when u see it soaring, you go short. At least until it makes up it's mind...
Darkness lies one inch ahead..
  • #62,673
  • Apr 24, 2008 4:09am Apr 24, 2008 4:09am
Quoting salah k.
wow really bad number
-0.4 % instead of the expected -0.3 % ??
Darkness lies one inch ahead..
  • #62,674
  • Apr 24, 2008 4:10am Apr 24, 2008 4:10am
3 fib cluster 9771-77 now, currently providing immediate/local resistance;

61.8% of daily hi-lo 9815-9709
23.6% of 9973-9709
23.6% of 9997-9709.
ex member
  • #62,675
  • Apr 24, 2008 4:13am Apr 24, 2008 4:13am
Hi-Lo 106pips so far today, 201 yesterday, other averages below;
Attached Image
ex member
  • #62,676
  • Apr 24, 2008 4:14am Apr 24, 2008 4:14am
Quoting bbmac
3 fib cluster 9771-77 now, currently providing immediate/local resistance;

61.8% of daily hi-lo 9815-9709
23.6% of 9973-9709
23.6% of 9997-9709.
Yep. Going for a quick short here.
  • #62,677
  • Apr 24, 2008 4:16am Apr 24, 2008 4:16am
Quoting hornet
I am undecided about closing my short, I placed a limit at 1.9700 (1.9690 is an interesting area).

I've been holding since yesterday afternoon at 1.9815
Even bigger converging triangle forming (M15/M30), 100+ pips wide. When this sucker breaks, that will probably be direction for tonite..

or maybe not. H4 shows great indecision ATM, candle with relatively small body and long equal shadows
Darkness lies one inch ahead..
  • #62,678
  • Apr 24, 2008 4:26am Apr 24, 2008 4:26am
Look familiar guys,
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 56 KB
  • #62,679
  • Apr 24, 2008 4:30am Apr 24, 2008 4:30am
Quoting bbmac
Hi-Lo 106pips so far today, 201 yesterday, other averages below;
where do you get this info from?
If I Go Broke Trying Then I Will die happy.
  • #62,680
  • Apr 24, 2008 4:31am Apr 24, 2008 4:31am
Missed it by that much, 11 pips..... Gonna have to work on that

Quoting hard1head1
9720 then long, guys
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