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Cable Update (GBPUSD)

  • #108,701
  • Dec 29, 2008 4:30am Dec 29, 2008 4:30am
Quoting sonicdeejay
There is sth called retracement....

This whole weak USD thingy is due to the rise of Oil...
The rise of Oil thingy due to the fighting in Gaza....

Sonic

if demand for oil increased USD will weaken not strengthen, oil, gold raise the value of the gpb because will take money out of the USD and put into such things
  • #108,702
  • Dec 29, 2008 4:57am Dec 29, 2008 4:57am
Sure that Israel attack will make oil rise, so it weaken USD, so Eu, Gold and maybe Gbp will rise.
Give me patience
  • #108,703
  • Dec 29, 2008 5:00am Dec 29, 2008 5:00am
Quoting Bullfx
Sure that Israel attack will make oil rise, so it weaken USD, so Eu, Gold and maybe Gbp will rise.
  • #108,704
  • Dec 29, 2008 5:16am Dec 29, 2008 5:16am
GBP Housing Equity Withdrawal q/q
actual: -5.7B -3.3B prev -2.0Bhttp://www.forexfactory.com/images/m...us_revised.gif
Give me patience
  • #108,705
  • Dec 29, 2008 5:21am Dec 29, 2008 5:21am
Quoting Bullfx
GBP Housing Equity Withdrawal q/q
actual: -5.7B -3.3B prev -2.0Bhttp://www.forexfactory.com/images/m...us_revised.gif

Agree...

USD weaken..and Euro and GBP shd rise again USD... but GBP shd be lower..compar to EUR...

Sonic
  • #108,706
  • Dec 29, 2008 7:25am Dec 29, 2008 7:25am
Go Long now at 1.459 to try my luck with tight SL, TP around 1.47
Give me patience
  • #108,707
  • Dec 29, 2008 7:29am Dec 29, 2008 7:29am
GBP/USD is sinking ship today....

It sank with the low vol...and further slammed by bad news...

Quote
5:30am GBP http://www.forexfactory.com/images/m...act_medium.gif Housing Equity Withdrawal q/q
http://www.forexfactory.com/images/m...etail_star.gif -5.7B
-3.3B -2.0B

I was bearish towards to USD and bullish toward EUR and GBP but I trade what I see...

1. Wave Analysis (Lower High..see 'pink' line)
2. Below EMA bands....
3. All indi point short...
4. SL jus above Daily Pivot...
5. TP 1.4575 (Round number + Fib )
6. I was cautioned as low vol sinking the price down...

Another 100 pips....That it for me tonite...
Sonic

http://www.forexfactory.com/attachme...1&d=1230557163
  • #108,708
  • Dec 29, 2008 7:42am Dec 29, 2008 7:42am
Quoting sonicdeejay
GBP/USD is sinking ship today....

It sank with the low vol...and further slammed by bad news......
Nice pips.
USD Est Non Mortuus
  • #108,709
  • Dec 29, 2008 7:43am Dec 29, 2008 7:43am
Quoting sonicdeejay
GBP/USD is sinking ship today....

It sank with the low vol...and further slammed by bad news......

we broke the high of the previous candle (dailly) and sank, weekly is bearish ...if im to be 100% honest..theres a arguement for both long and short...bias

if u got it wrong it has nothing to do with technicals at all..just trading a direction hoping for the best..gambling i wouldnt be surprised for the rest of the day if it went up but i wont put money on it at all
  • #108,710
  • Dec 29, 2008 8:54am Dec 29, 2008 8:54am
Quoting Bullfx
Go Long now at 1.459 to try my luck with tight SL, TP around 1.47
get out at 1.4630 to sleep now. But set another pending long order
Give me patience
  • #108,711
  • Dec 29, 2008 8:57am Dec 29, 2008 8:57am
tight SL for my broker at this time is 30 Pips
  • #108,712
  • Dec 29, 2008 8:59am Dec 29, 2008 8:59am
Entered long @ 1.4600 with SL @ 1.4550
  • #108,713
  • Dec 29, 2008 8:59am Dec 29, 2008 8:59am
Fellow traders

This thread is "Cable Update". If you want to discuss political / religious issues may I suggest you go to a dedicated forum for that debate.

Oil is going up, I suspect we should see at least 1.477x today, what do you think?
  • #108,714
  • Dec 29, 2008 9:01am Dec 29, 2008 9:01am
Quoting falsestart
Fellow traders

This thread is "Cable Update". If you want to discuss political / religious issues may I suggest you go to a dedicated forum for that debate.

Oil is going up, I suspect we should see at least 1.477x today, what do you think?
I hope we'll see 1.5200.
Remember the spike last week
  • #108,715
  • Dec 29, 2008 9:06am Dec 29, 2008 9:06am
Quoting falsestart
Fellow traders

This thread is "Cable Update". If you want to discuss political / religious issues may I suggest you go to a dedicated forum for that debate.

Oil is going up, I suspect we should see at least 1.477x today, what do you think?
Oil was going up earlier but it seems to be coming back down nearly as quickly as it went up. Im flat and dont have an opinion on cable at the moment volume is just too thin
  • #108,716
  • Dec 29, 2008 9:19am Dec 29, 2008 9:19am
Am i still miss a train yet for long? It nice to look at 30min chart
GELORE
  • #108,717
  • Dec 29, 2008 9:34am Dec 29, 2008 9:34am
Quoting musani
Am i still miss a train yet for long? It nice to look at 30min chart
wonder what u mean by looking nice for LONG in 30m TF??


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 26 KB
  • #108,718
  • Dec 29, 2008 9:35am Dec 29, 2008 9:35am
Righty ho...back to Forex....

We have just bounced off support in the area of 1.4560 area on the 1 hour chart. I think there should be people going long from this zone.
"The trend is your friend, until the end."
  • #108,719
  • Dec 29, 2008 9:42am Dec 29, 2008 9:42am
Quoting musani
Am i still miss a train yet for long? It nice to look at 30min chart
Your chart is deceiving you. Its tumbling down
  • #108,720
  • Dec 29, 2008 10:08am Dec 29, 2008 10:08am
Quoting gagakrimba
Your chart is deceiving you. Its tumbling down
betul-betul-betul
GELORE
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