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Cable Update (GBPUSD)

  • #100,441
  • Nov 23, 2008 6:27pm Nov 23, 2008 6:27pm
Quoting Infinity
They are shit....
They are pissing me off!!!!
  • #100,442
  • Nov 23, 2008 6:28pm Nov 23, 2008 6:28pm
I was short from 4960..... closed at 4880
Now long from 4870...
Patience + Discipline - Greed = Success
  • #100,443
  • Nov 23, 2008 6:30pm Nov 23, 2008 6:30pm
Quoting AmeriTrini
They are pissing me off!!!!
I withdrew most of what I had with them last week....
Patience + Discipline - Greed = Success
  • #100,444
  • Nov 23, 2008 6:31pm Nov 23, 2008 6:31pm
Infinity - I've been learning a lot from this board and your posts in particular, and my expensive mistakes.....

What was the signal to go long ?
  • #100,445
  • Nov 23, 2008 6:32pm Nov 23, 2008 6:32pm
Quoting Infinity
I was short from 4960..... closed at 4880
Now long from 4870...
Really?
Those were good entries.
I myself enter short @ 1.4970 close and enter long @ 1.4870
  • #100,446
  • Nov 23, 2008 6:42pm Nov 23, 2008 6:42pm
Guys ..I am hearing all these news that tomorrow there will be 2.5% cut in vat ... any ideas how would that affect GBP ..?
  • #100,447
  • Nov 23, 2008 6:44pm Nov 23, 2008 6:44pm
Quoting Mooser
Infinity - I've been learning a lot from this board and your posts in particular, and my expensive mistakes.....

What was the signal to go long ?
I went long based on how the mas are lined up right now..... 4h 5/10ema, 1h 62ema, 15m 50/35 and also the gap from last week's close has now been filled. If we get below these lines I may reconsider....
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 26 KB
Patience + Discipline - Greed = Success
  • #100,448
  • Nov 23, 2008 6:49pm Nov 23, 2008 6:49pm
Thanks Infinity.

On the macro scale the news from across the pond is 2.5% drop on VAT - that's a soundbite IMHO - I can't see it having much effect at this stage of the game.

100Bn extra borrowing to be paid for by taxes on high earners over 150K per annum.

Again not attractive to overseas players.

The Labour govt has a history of devaluing the currency back in the 70's.

This budget is a gamble that may pay off, but the market may just mark it down as old labour policies and punish sterling anyway.

Just my opinion as an expat.
  • #100,449
  • Nov 23, 2008 6:59pm Nov 23, 2008 6:59pm
Quoting Infinity
I went long based on how the mas are lined up right now..... 4h 5/10ema, 1h 62ema, 15m 50/35 and also the gap from last week's close has now been filled. If we get below these lines I may reconsider....
It is already below pivot line.
I think this baby is going south
  • #100,450
  • Nov 23, 2008 6:59pm Nov 23, 2008 6:59pm
We have retraced to just past the 38.2 of the move up from the end of Friday and Sunday. I would be looking to get a candle or two above the 38.2 before going long again. On the other side, if we break below the 61.8 and open a candle or two there, I will look for a short. If you look at your 4hr charts you will see we have been bouncing back and forth on the trend lines.


PT
Attached Image (click to enlarge)
Click to Enlarge Name: cabletoday3.gif Size: 18 KB
Zone Breakout Method
  • #100,451
  • Nov 23, 2008 7:05pm Nov 23, 2008 7:05pm
Quoting gagakrimba
It is already below pivot line.
I think this baby is going south
If we get a close below 4840... then yes, I'll agree.... until then...
Patience + Discipline - Greed = Success
  • #100,452
  • Nov 23, 2008 7:14pm Nov 23, 2008 7:14pm
Quoting Infinity
If we get a close below 4840... then yes, I'll agree.... until then...
I added at 39...
updated m15...

volumes are low at the moment so my target may be modest...
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 23 KB
Patience + Discipline - Greed = Success
  • #100,453
  • Nov 23, 2008 7:26pm Nov 23, 2008 7:26pm
Quoting Infinity
I added at 39...
updated m15...

volumes are low at the moment so my target may be modest...
closed at 4925... It should go higher but I have to go.. I'll probably be done until us open...
Patience + Discipline - Greed = Success
  • #100,454
  • Nov 23, 2008 7:26pm Nov 23, 2008 7:26pm
Went long at 4870
Zone Breakout Method
  • #100,455
  • Nov 23, 2008 7:30pm Nov 23, 2008 7:30pm
Quoting PowerTrader
Went long at 4870
Yeah....let's see 1.5200 today
  • #100,456
  • Nov 23, 2008 7:36pm Nov 23, 2008 7:36pm
  • #100,457
  • Nov 23, 2008 7:38pm Nov 23, 2008 7:38pm
Quoting gagakrimba
Yeah....let's see 1.5200 today
You have to be careful when volumes are low like they are now... lots of whipsaw action may well take place..
Patience + Discipline - Greed = Success
  • #100,458
  • Nov 23, 2008 7:41pm Nov 23, 2008 7:41pm
Quoting AmeriTrini
I just tried to login to my fxcm account...I get "login failed"...
They are the worst broker I ever had...
Patience + Discipline - Greed = Success
  • #100,459
  • Nov 23, 2008 7:47pm Nov 23, 2008 7:47pm
Quoting Infinity
I just tried to login to my fxcm account...I get "login failed"...
They are the worst broker I ever had...

I can't even get through on their phones!!!!

  • #100,460
  • Nov 23, 2008 8:18pm Nov 23, 2008 8:18pm
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