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Cable Update (GBPUSD)

  • #109,041
  • Jan 5, 2009 12:15am Jan 5, 2009 12:15am
Quoting Abuawad
i agree with you, i can see a fall from 1.4567 or 1.4625
Retest
  • #109,042
  • Jan 5, 2009 12:24am Jan 5, 2009 12:24am
Ok stopped out with last 1/4 of this trade but made nice pips on it.
Enter Signature
  • #109,043
  • Edited 12:46am Jan 5, 2009 12:24am | Edited 12:46am
Oh E/U has been free fall for nearly 200 pips from 1.3937 to 1.3760 within just 25 minutes. I think GU should fall even faster than EU . (but GU has just fall only 60 pips). Is this a good chance to sell GU ?
Give me patience
  • #109,044
  • Jan 5, 2009 12:26am Jan 5, 2009 12:26am
Quoting Bullfx
Oh E/U has been free fall for 150 pips 1.3937 to 1.3760 within just 20 minutes.
Well wait for the cable i think cable will do more than Eru
  • #109,045
  • Jan 5, 2009 12:58am Jan 5, 2009 12:58am
Quoting dashboard
me too add another short, TP around 1.43
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
  • #109,046
  • Jan 5, 2009 1:03am Jan 5, 2009 1:03am
Entered long at 1.4450
  • #109,047
  • Jan 5, 2009 1:05am Jan 5, 2009 1:05am
nice start of the week - 270+ pips
can't make that pounding nails or drum heads
:-)
  • #109,048
  • Jan 5, 2009 1:09am Jan 5, 2009 1:09am
Quoting dashboard
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
The small retreat is to gather momentum to go up
  • #109,049
  • Jan 5, 2009 1:10am Jan 5, 2009 1:10am
Quoting Atondra
Entered long at 1.4450
what made you go long at that price??
  • #109,050
  • Jan 5, 2009 1:12am Jan 5, 2009 1:12am
Quoting golatigo
nice start of the week - 270+ pips
can't make that pounding nails or drum heads
:-)
make that 310 :-)
shorted again from 4537 and got out quickly
  • #109,051
  • Jan 5, 2009 1:13am Jan 5, 2009 1:13am
Quoting dashboard
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
the fall was far worse in EUR pairs...


Sonic
  • #109,052
  • Jan 5, 2009 1:15am Jan 5, 2009 1:15am
Quoting sonicdeejay
the fall was far worse in EUR pairs...


Sonic
The E/U was an incredible drop. What a start to the new year ey!
Probability Professor
  • #109,053
  • Jan 5, 2009 1:17am Jan 5, 2009 1:17am
Quoting TheProdigy
what made you go long at that price??
Just scalping bro...since it has drop more than 100 pips i'm hoping there will be some kind of retracement. Anyway...already TP at 4535
  • #109,054
  • Jan 5, 2009 2:30am Jan 5, 2009 2:30am
i think visiting
1.4370
1.4325
1.4250
will be soon
  • #109,055
  • Jan 5, 2009 2:35am Jan 5, 2009 2:35am
Quoting Abuawad
i think visiting
1.4370
1.4325
1.4250
will be soon
agree with 4370
others not so sure just yet

short from 4540
  • #109,056
  • Jan 5, 2009 2:36am Jan 5, 2009 2:36am
GBP Construction PMI:
actual: 29.3, forecast: 30.5, pre: 31.8

I short only, don't go against the trend.
Give me patience
  • #109,057
  • Jan 5, 2009 2:42am Jan 5, 2009 2:42am
I literally have no idea why it is going up at this moment. Thought this hour would be a bear ride. Cant understand the market now.
  • #109,058
  • Jan 5, 2009 2:47am Jan 5, 2009 2:47am
Quoting Alfa159
I literally have no idea why it is going up at this moment. Thought this hour would be a bear ride. Cant understand the market now.
My advice to anyone trading GBP/USD is to always study the EUR/GBP charts and pair - they give you a lot of insight.

At the moment - US$ is strengthening against the majors (except commodity currencies). GBP is not lossing out too much because EUR/GBP and GBP/JPY are actually holding up which i sgiving strength to the GBP/USD.

Look at these charts to make sense of the move - and you will be suprised to see how well they correlate. Its the same when EUR/USD was moving up but GBP/USD was moving down - it was because of EUR/GBP.
  • #109,059
  • Jan 5, 2009 2:48am Jan 5, 2009 2:48am
Quoting Abuawad
i agree with you, i can see a fall from 1.4567 or 1.4625
testing again for the forth time and failed
  • #109,060
  • Jan 5, 2009 2:50am Jan 5, 2009 2:50am
Quoting lexazver
my projections for next couple of days and perhaps flor the week.

relatively Strong GBP,weaker usd, even weaker EUr, even weaker CHf

GBP/USD up
EUR/GBP down
EUR/USD down
EUR/CHF up
USD/CHF up
XAU down.

just my thoughts.

as of now my projections currently holding up.
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