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Cable Update (GBPUSD)

  • #73,941
  • Jul 1, 2008 2:34pm Jul 1, 2008 2:34pm
Quoting atif
I think that's how it gonna go for next couple of hours untill market close.
Last two days candle showing Doji. That's a bearish signal from daily perspective.
As a short term trader, I follow daily signal.
i agreee totally, its the best thing that can happen signal wise but non farm is something which is based on fundamentals...candlestick i hear go out of the windowi think your stop will be hit ...best to keep it quite far..mines is at 2.05 it will go up and once back down 1.9600 is achieveable over 2 weeks i think


people think it will breakout now ....i really doubt it..Uk is in crisis
  • #73,942
  • Jul 1, 2008 2:44pm Jul 1, 2008 2:44pm
I think we will see some covering on the GU and EU tonight. We had very bad numbers out of the UK last night and good numbers out of the US today and it didn't even move price... That being said it wasn't able to breach the 2.000 target and I don't think it will have the power to breach the option barrier there today.

I think we will see longs getting covered tonight ahead of the US data coming out in the morning (since there is nobody left to go long it will have to fall IMO).

My call for tonight is short for both GU and EU.
  • #73,943
  • Jul 1, 2008 2:55pm Jul 1, 2008 2:55pm
Quoting mmccormac
"GBP is thrusting northwards right now so perhaps the bridge has been sold to a rich american (not many of those)"

I was going to post an article showing that the US has more rich than any other country in the world but I'm not sure how much longer the paper will be worth counting so I won't post it.


Well, do you know where 1/3 of all millionaires live? Pretty ignorant statement.
  • #73,944
  • Jul 1, 2008 2:59pm Jul 1, 2008 2:59pm
Quoting Newb>Trader
Well, do you know where 1/3 of all millionaires live? Pretty ignorant statement.
Calm down. I wasn't dissing the USA, just the leaders that drove the value of the USD down... Same thing happened during the Carter days in the early 80's.

And, yes I know most of the world's wealth is in the USA.
  • #73,945
  • Jul 1, 2008 3:03pm Jul 1, 2008 3:03pm
My apologies I was actually replying to the same person you were, I know you know
  • #73,946
  • Jul 1, 2008 3:04pm Jul 1, 2008 3:04pm
Quoting nAVIN2007
i agreee totally, its the best thing that can happen signal wise but non farm is something which is based on fundamentals...candlestick i hear go out of the windowi think your stop will be hit ...best to keep it quite far..mines is at 2.05 it will go up and once back down 1.9600 is achieveable over 2 weeks i think


people think it will breakout now ....i really doubt it..Uk is in crisis
Good advise. I will think about it. Let's see how ADP report sounds.
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  • #73,947
  • Jul 1, 2008 3:09pm Jul 1, 2008 3:09pm
Quoting KissFan
The average mindset has drastically changed over the past 30 years. Fewer and fewer of our eligable workforce have a work ethic. There is an attitude of entitlement here. It is a disheartening situation. I read somewhere that the average individual income in America is $26,000. I am an eternal optimist personally. My future is always getting brighter. However, I look for darker days in the near future for our nation as these people vote.
One could argue, a persons work ethic stems from their upbringing and the fact outsourcing is the new "how to" are you surprised? USA unemployment seems to an average worldwide, so what does that say about the worlds work ethic??????
  • #73,948
  • Jul 1, 2008 3:37pm Jul 1, 2008 3:37pm
Quoting nAVIN2007

people think it will breakout now ....i really doubt it..Uk is in crisis
You still can't buy a reasonable house within 30 miles of Leeds for less than $550,000

Unemployment is a fraction of germany/france

Religion and family values on the increase with very many mosques being built

Crisis ? what crisis ?

Honestly, to hear you talk, anyone would think the country is being run by a podgy one-eyed Scotsman
  • #73,949
  • Jul 1, 2008 4:15pm Jul 1, 2008 4:15pm
Quoting allserene
You still can't buy a reasonable house within 30 miles of Leeds for less than $550,000

Unemployment is a fraction of germany/france

Religion and family values on the increase with very many mosques being built

Crisis ? what crisis ?

Honestly, to hear you talk, anyone would think the country is being run by a podgy one-eyed Scotsman

you try buying a place in manhatten...
  • #73,950
  • Jul 1, 2008 4:25pm Jul 1, 2008 4:25pm
hi there,
Have idea about GBPUSD, so what will happen next.
long or short???
  • #73,951
  • Jul 1, 2008 4:31pm Jul 1, 2008 4:31pm
Quoting thandavarayan
hi there,
Have idea about GBPUSD, so what will happen next.
long or short???
Read last 20 comments and you will get the idea. I think you just posted without reading any comments.
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  • #73,952
  • Jul 1, 2008 4:31pm Jul 1, 2008 4:31pm
02-07-2008
Attached Image
  • #73,953
  • Jul 1, 2008 4:49pm Jul 1, 2008 4:49pm
Its to early to decide right now but its more on the bearish side since price did brake our new intraday fibb support....Also price has broken a linnear regression channel and that add bearish factor....Also if you place a counter fibb to the intraday with your swing fibb price has found nice resistance.....


I have to arrows placed in my picture a blue one and a red one .....

Blue arrow
The blue one is the place i would be a buy stop in would be 3 pips above that candles hgh and that would prove to me that the earlier brake was a false one.Also I will only place a buy stop at a later time since i do not whant to get wipsawed my tokyo session.Also keep in mind we have rejected a daily 61.8 fibb

Red arrow
Here is the place that I would place a sell order if I get some nice bearish engulfing or some nice formation in this area. I would place a sell order but I will take this trade later its still to early to trade.
We are also in some consolidation between intraday long and intraday short.So I will wait for it to pierce out of there.

Attached Image
  • #73,954
  • Jul 1, 2008 5:05pm Jul 1, 2008 5:05pm
Quoting Abuawad
01-07-2008

Tomorrow we have some important news, i like FF news section what did they do before some day's for the news. they simply post the news imact in formela like: Actual > Forecast = Good for currency i hope if they can do it for all the news.
or someone can help us here and descrip the news for tomorrow for all of us and what will happen.
for me i don't trade during the news but it'll be good if i understand all the news impact after that we can trade in safe during the news.
But please where do u always download this studies?
  • #73,955
  • Jul 1, 2008 5:16pm Jul 1, 2008 5:16pm
Quoting uncletrumpet
But please where do u always download this studies?
Hi,
i read it all the time on the news page in FF website. on this link:
http://www.forexfactory.com/calendar.php
and click on this icon http://www.forexfactory.com/images/m...etail_star.gif for each news to read the detailed.
  • #73,956
  • Jul 1, 2008 6:47pm Jul 1, 2008 6:47pm
Salam Abuawad..what do u think of gu today?...i still holding my short at 2.000.....im pretty 2.000 will be tested again but who knows
  • #73,957
  • Jul 1, 2008 7:03pm Jul 1, 2008 7:03pm
Quoting mrmunir
Salam Abuawad..what do u think of gu today?...i still holding my short at 2.000.....im pretty 2.000 will be tested again but who knows
Nice short
  • #73,958
  • Jul 1, 2008 7:30pm Jul 1, 2008 7:30pm
Quoting Shermenator
Its to early to decide right now but its more on the bearish side since price did brake our new intraday fibb support....Also price has broken a linnear regression channel and that add bearish factor....Also if you place a counter fibb to the intraday with your swing fibb price has found nice resistance.....


I have to arrows placed in my picture a blue one and a red one .....
Your pic is embedded in the message rather than attached. If u attach, then ppl can open it in a separate window and see it as it was originally - much clearer.

cheers
Darkness lies one inch ahead..
  • #73,959
  • Jul 1, 2008 7:59pm Jul 1, 2008 7:59pm
Quoting allserene

Religion and family values on the increase with very many mosques being built
Allserene, it's the religion on the increase which truely worrys me, things get bad everyone turns to it whole lot of praying, how lack of action and stastics prove people that believe and pray for change get it less than people who actually do something meaningfull.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #73,960
  • Jul 1, 2008 11:01pm Jul 1, 2008 11:01pm
man.. i still say we are droping like a coin
And your mouth dropped
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