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Cable Update (GBPUSD)

  • #108,161
  • Dec 18, 2008 6:09pm Dec 18, 2008 6:09pm
Quoting allserene
sounds like Governor Blagandmewitch from Ill-annoy
seriously if you want to commit multibillion dollar fraud.Do it in Americah.Youll get a slap on the wrist and house arrest in your million dollar home.Sorry not house arrest.7pm to 9am curfew.Priceless
  • #108,162
  • Dec 18, 2008 6:09pm Dec 18, 2008 6:09pm
Reverse H&S forming on the daily. If it fails before 1.45, I'm buying.
  • #108,163
  • Dec 18, 2008 6:10pm Dec 18, 2008 6:10pm
Quoting ferndog
Gonna go short on gbp/usd at 1.5050. BB i think will hold the upside & act as resistance. Target 1.4750
I personally dont think this is a good place to short its fallen a lot already. I was only speculating that cable was gonna get whipped i wouldnt short it from here myself, so be very careful
  • #108,164
  • Dec 18, 2008 6:21pm Dec 18, 2008 6:21pm
Quoting PipLand
These will prob be my last 3 trades until next year
Ive been saying that after every trade since wednesday.too much temptation.
  • #108,165
  • Dec 18, 2008 6:52pm Dec 18, 2008 6:52pm
hey guys, here's a daily chart. I think if the bottom of this trendline channel holds, the direction is most likely up. The only concern is the resistance arount the 1.5600 area, which was also a 50% retracement of the previous move down. Still, I think I will be looking for long positions in the morning.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
  • #108,166
  • Dec 18, 2008 6:57pm Dec 18, 2008 6:57pm
the h&s looks like it might play out on the eu im in and locked in the green so we'll see
  • #108,167
  • Edited 8:03pm Dec 18, 2008 7:48pm | Edited 8:03pm
Quoting Bullfx
Hic, I predicted and bet that this week GU will reach at least 1.5500 from ... last week, not yesterday , you can see what I posted last week.
GU will drop to around 1.50 area within this week and maybe 1.4 in next weeks. cause USD will be up again, there's coming bad news for Gbp and last of all for Profit Taking .....
Wish you all here make pips !
Are you still ok and ... make pips?
Any one here was long at the height above 1.56 ?
Now I wait for Short GU again and hope for next week maybe 1.4xxx
Give me patience
  • #108,168
  • Dec 18, 2008 7:57pm Dec 18, 2008 7:57pm
Pound Sinks to Record Low Against Euro on Bet BOE May Lower Rates to Zero The pound edged closer to parity with the euro, sinking to a record for the ninth straight day on speculation the Bank of England will follow the Federal Reserve in cutting the cost of borrowing to zero.
I think in coming time, Eur/Usd must be higher than Gbp/Usd, G/U will slide to 1.4.
Give me patience
  • #108,169
  • Dec 18, 2008 8:02pm Dec 18, 2008 8:02pm
Quoting Bullfx
Are you still ok and ... make pips?
Any one here was long at the height above 1.56 ?
Now I wait for Short again and hope for next week mayby 1.4xxx
hello im still awake watching EU hoping this H&S plays out
  • #108,170
  • Dec 18, 2008 8:09pm Dec 18, 2008 8:09pm
Quoting PipLand
hello im still awake watching EU hoping this H&S plays out
Oh you trade all day and night ?
Good luck !
Give me patience
  • #108,171
  • Dec 18, 2008 8:20pm Dec 18, 2008 8:20pm
I'm seeing really wide spreads - up to 10 pips at the moment. Something major may be in the works.
  • #108,172
  • Dec 18, 2008 8:22pm Dec 18, 2008 8:22pm
Quoting Bullfx
Oh you trade all day and night ?
Good luck !
nah i dont normally im going sleep soon
  • #108,173
  • Dec 18, 2008 8:51pm Dec 18, 2008 8:51pm
Quoting jckm
join the rally now - target eur/gbp - 5min chart 0,9490
THIS IS THE CABLE THREAD!!!!!!!!!!!!!!!!
  • #108,174
  • Dec 18, 2008 9:07pm Dec 18, 2008 9:07pm
Quoting AmeriTrini
THIS IS THE CABLE THREAD!!!!!!!!!!!!!!!!

what, I couldn't hear you?

I hear your pain though man. CABLE IS G/U PEOPLE!!!
  • #108,175
  • Dec 18, 2008 9:38pm Dec 18, 2008 9:38pm
It's ok, Eu and Gb have a close relation
Give me patience
  • #108,176
  • Dec 18, 2008 10:09pm Dec 18, 2008 10:09pm
Quoting Bullfx
Are you still ok and ... make pips?
Any one here was long at the height above 1.56 ?
Now I wait for Short GU again and hope for next week maybe 1.4xxx
I hope you are right but i`m on long now from 1.4920 and adding as she move upwards
  • #108,177
  • Edited 10:27pm Dec 18, 2008 10:16pm | Edited 10:27pm
Quoting Bullfx
Are you still ok and ... make pips?
Any one here was long at the height above 1.56 ?
Now I wait for Short GU again and hope for next week maybe 1.4xxx
You said this week will down till 1.5, very great analyzis !

I hope all who went long can come out the problem.
After entry the 2nd long I went bed, don't care where she will go but sure will be retraced at least 38.2 fibo.
Just woke up and see now stays at Fibo 38.2.

1st long 1.5443
2nd long 1.4905 - double size

Minus -33 pips, but about the money + 212 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #108,178
  • Dec 18, 2008 10:18pm Dec 18, 2008 10:18pm
Quoting Subdude
I'm seeing really wide spreads - up to 10 pips at the moment. Something major may be in the works.
I think there's something big in Japan
They're finally making a move that'll shake the whole market...
  • #108,179
  • Dec 18, 2008 10:21pm Dec 18, 2008 10:21pm
I am a newbie can someone tell me when BOE announces their rate
  • #108,180
  • Dec 18, 2008 10:26pm Dec 18, 2008 10:26pm
Quoting gagakrimba
I hope you are right but i`m on long now from 1.4920 and adding as she move upwards
My longs from 4900 have been closed out at 5150. Took a short at 5160 and locked in +2. I don't know if the trend has changed or if we'll continue higher, but I'm happy with the profit and now just taking what she gives me.
Just digging in the trenches like everyone else!
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