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Cable Update (GBPUSD)

  • #74,541
  • Jul 3, 2008 2:49pm Jul 3, 2008 2:49pm
GU going up? I've just one trade in EU long, but I also see GU going up too....
Attached Image
  • #74,542
  • Jul 3, 2008 2:50pm Jul 3, 2008 2:50pm
Quoting nAVIN2007
u know it is possible also that this has actually broke out the uptrend channel according to this chart ..
If thats the case,then at least a TEST of the break out should be seen to around the 1.9900 a STRONG MONTHLY RESSISTANCE as well.
The fundamentals are weak for UK,but there is a INTREST RATE differential in favour of the UK,if all the Countries are now putting the INFLATION as a priority.
The FED wants to fight inflation,but kept rates on hold,TRICHET said he will raise,and thats what happened today.
The FED talks,but no action.

baz
  • #74,543
  • Jul 3, 2008 2:53pm Jul 3, 2008 2:53pm
Quoting baz
If thats the case,then at least a TEST of the break out should be seen to around the 1.9900 a STRONG MONTHLY RESSISTANCE as well.
The fundamentals are weak for UK,but there is a INTREST RATE differential in favour of the UK,if all the Countries are now putting the INFLATION as a priority.
The FED wants to fight inflation,but kept rates on hold,TRICHET said he will raise,and thats what happened today.
The FED talks,but no action.

baz
cheers bro!
  • #74,544
  • Jul 3, 2008 2:54pm Jul 3, 2008 2:54pm
Quoting Turveyd
You give the same blank chart to 50 different traders, 25 bullish 25 bearish they will all find different setups to suite there mindset.

And which ever group is right will say yeah there great regardless of the fact they could of easily of been the losing group and next time likely will be.

1000's of ways to interupt it, sadly 99% of them are useless so Keep It Simple!!
You maybe right,thats why you need a PLAN and sound MM.

baz
  • #74,545
  • Jul 3, 2008 3:00pm Jul 3, 2008 3:00pm
Nice one Mike whats your TP

Quoting makey2u
muahaha im now out im buying at aroun 9780-90, i told yall it was gonna fall.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #74,546
  • Jul 3, 2008 3:03pm Jul 3, 2008 3:03pm
Wel the 4hr PIN is confirmed at LAST FRIDAYS LOWS, a repeat of 23/06/08 ?

Wait and observe,and enter at optium time an price.

baz
  • #74,547
  • Jul 3, 2008 3:10pm Jul 3, 2008 3:10pm
Is it me or is Nav coming on great guns and Baz is talking alot of sense.

Im seeing a bullish 4hr pin on my charts.
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr.gif Size: 55 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #74,548
  • Jul 3, 2008 3:14pm Jul 3, 2008 3:14pm
Quoting Bones
Is it me or is Nav coming on great guns and Baz is talking alot of sense.

Im seeing a bullish 4hr pin on my charts.
Thats it Bones,its DECISION time, its LOOKs bullish,BUT i will wait for LONDON open to enter,and obviously check the Candle patterns.

baz
  • #74,549
  • Jul 3, 2008 3:33pm Jul 3, 2008 3:33pm
Quoting baz
You maybe right,thats why you need a PLAN and sound MM.

baz
Thankfully I have a plan, it's join on moves after they start the only consistent way you can profit.

My MM is abit well crazy but my time is limited that i get to trade and risk is the name of the business.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,550
  • Jul 3, 2008 3:42pm Jul 3, 2008 3:42pm
Quoting Turveyd
Thankfully I have a plan, it's join on moves after they start the only consistent way you can profit.

My MM is abit well crazy but my time is limited that i get to trade and risk is the name of the business.
For sure yes,BUT i would like to board the TRAIN as soon as Possible,and get off before it gets too Crowded ........a crash is always imminent

baz
  • #74,551
  • Jul 3, 2008 3:49pm Jul 3, 2008 3:49pm
Quoting Runway Trade
Nav looking at this 4H chart is there any other way but up!!?
.......................

Quoting nAVIN2007
u know it is possible also that this has actually broke out the uptrend channel according to this chart ..
.......................

Quoting baz
If thats the case,then at least a TEST of the break out should be seen to around the 1.9900 a STRONG MONTHLY RESSISTANCE as well.
The fundamentals are weak for UK,but there is a INTREST RATE differential in favour of the UK,if all the Countries are now putting the INFLATION as a priority.
The FED wants to fight inflation,but kept rates on hold,TRICHET said he will raise,and thats what happened today.
The FED talks,but no action.

baz
..............................

Quoting Turveyd
You give the same blank chart to 50 different traders, 25 bullish 25 bearish they will all find different setups to suite there mindset.

And which ever group is right will say yeah there great regardless of the fact they could of easily of been the losing group and next time likely will be.

1000's of ways to interupt it, sadly 99% of them are useless so Keep It Simple!!
Quoting baz
You maybe right,thats why you need a PLAN and sound MM.

baz
Quoting nAVIN2007
cheers bro!

.............................
  • #74,552
  • Jul 3, 2008 3:53pm Jul 3, 2008 3:53pm
This means what ?

Tentative GBPhttp://www.forexfactory.com/images/m...mpact_high.gifHalifax HPI m/m


Do they have the figure or nnot, this is really not the BRIT way of doing things,surely

baz
  • #74,553
  • Jul 3, 2008 3:58pm Jul 3, 2008 3:58pm
[quote=moneyme79;2091057].......................



.......................



..............................


Stick to your own GAME PLAN.........that all that matters in your trading and success.
take care and trade safe

baz
  • #74,554
  • Jul 3, 2008 4:09pm Jul 3, 2008 4:09pm
Green channel is H1
Yellow channel is H4
Orange channel is D1

It seems that the strong resistance at 2.0008 was a combination of all three tops. If anything it could retest, but I doubt it. The trend seems pretty happy with the H1 channel and if it closes below the H4 between Friday - Tuesday we could see 1.9600 easy.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-3-08 gbpusd_csv.gif Size: 16 KB
Don't Get Bitter, Get Better
  • #74,555
  • Jul 3, 2008 6:13pm Jul 3, 2008 6:13pm
Quoting baz
For sure yes,BUT i would like to board the TRAIN as soon as Possible,and get off before it gets too Crowded ........a crash is always imminent

baz

I too agree on getting aboard as soon as possible, but I like to be sure it's going to the right place and goes there frequently so worse case it'll get there pretty soon after if it has issues.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,556
  • Jul 3, 2008 6:43pm Jul 3, 2008 6:43pm
Quoting NuB
Green channel is H1
Yellow channel is H4
Orange channel is D1

It seems that the strong resistance at 2.0008 was a combination of all three tops. If anything it could retest, but I doubt it. The trend seems pretty happy with the H1 channel and if it closes below the H4 between Friday - Tuesday we could see 1.9600 easy.
mmmmm......50-50......mut be down.....or should be up ....but my target long for cable
be patient, self-belief and discipline... stay focus...
  • #74,557
  • Jul 3, 2008 7:36pm Jul 3, 2008 7:36pm
yep me too thinking of long gu..
  • #74,558
  • Jul 3, 2008 8:08pm Jul 3, 2008 8:08pm
Normally get big moves which are quite tradeable when the USA is closed.

Infact trading without the americans would be much easier, I'll see if i can get them to accept trading is gambling and therefore they should ban that to, hmmmmmmmmmmmm.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #74,559
  • Jul 3, 2008 8:17pm Jul 3, 2008 8:17pm
[quote]Infact trading without the americans would be much easier, I'll see if i can get them to accept trading is gambling and therefore they should ban that to, hmmmmmmmmmmmm. [/QUOTE

hehe
  • #74,560
  • Jul 3, 2008 8:21pm Jul 3, 2008 8:21pm
I don't know about you guys. All the signals in my daily charts showing downward move.
Next support should be 20 SMA @ 9741 which is Bollinger band midpoint.
I wouldn't go long with GBP at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 122 KB
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