Cable Update (GBPUSD)

thanks bro..

Here There isn't the sound

long @185260, sell @1.846 sl @1.85 hope gbp will go down for a moment and bull again to close my hedging..

i am a newbie and can't speak english well

I'm also caught in a hedge and it sucks =-/

i realized a funny things

you know you can open 2 hedged trades at the same price
that way you can find it easier to close one and take small profit on the other

lol what do you think

You can see from screenshot where cable is finding resistance,...in that pullback area of the downtrend on the Dly chart, 8503-8795 (sbr.)

Prior to this the pullback had found brief resistance at 8140/50 area, the 50% 8795-7447 that was in same area as 23.6% of longer term 0396-7447, then at 8245 area which is the 23.6% of the longer term move 0836-75447.

Intraday and 8555-83 looks like the first upside hurdle on any extended recovery from 8525 area lows.

g/l

keep dude..

The 1hr chart below shows where the majority of the price action occurs in this 1hr channel [pink lines] and represent the aggressive b/o areas.

The white lines are the extremes of the total congestion channel, and you can can see that there occurred a false b/o of the pink area at points a. and b.

You can see too where cable found support at the 8520/25 current lows .

g/l.

go go go come on 1,87

usa data very bad

today 1.87 Does it become?

somehow you can say im a long term trader, 1.8775-1.8820 is where we're going to resume the downward trend, i may seem to be talking nonsense for you but fundamentals and long term technicals are suggesting so, but still, not sure we gonna get there before we go down..

I long 1,8588 and 1,8575

intraday conditions re gbpusd now at best rangy with a bearish tone now...a range within the range consolidation on 1hr/4hr charts. Worst than expected U.s durable goods/claims data could not see a recover past yesterday's highs, price trading around 8560 at time of writing. U.s new Home Sales data due in a few mins and Bernanke speaking later,...I guess pretty much all markets are awaiting bigger news re bail out from the U.s.

usa data bad
But Why is it falling down?

On CNBC Fed inject 20 billion.

I long 1,8588 - 1,8575

May I close Long?

Out a +0 pips


T2 in Short at 1.8511

Dow and nasdaq both up following futures up pre-open as a result of encouraging noises re chances of a deal re 'TARPS' Bail out plan...as for why £ falls on bad U.s data....simply beacuse the market did not deem this to be a sufficient reason to sell the $,...it's that simple,....not all market reactions follow pre-conceived ideas about effect and not all data moves markets as you might expect.

Talk in the U.s is that the taxpayer could actually benefit form the TARPS bailout over time thus paying for defecit increase,...somewhat an optimisrtic view, but a view nevertheless and this seems to be supporting equities and $ just atm...no doubt all will become clear as more details are released if congress can agree the deal.

How much, more, down?