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Cable Update (GBPUSD)

  • #109,641
  • Jan 7, 2009 7:09am Jan 7, 2009 7:09am
just cleared h4 ichi cloud.. usually means the path is clear for up movement. I'd say 1.52 would be very possible based on that... however with the rates coming.. I'm not taking the chance.
DireXiv Make it happen, no one else is going to do it for you...
  • #109,642
  • Jan 7, 2009 7:10am Jan 7, 2009 7:10am
Quoting Infinity
At some point yesterday we thought that 1.5000 was far away too....

I think 5330 area is a real possibility is we get past 518x....
i agree, nice recovery in sterling, perhaps BoE may not cut tomorrow as much as expected after all, being a bit cynical but im sure now that most of the UK banks are part government owned, prior information to rate decisions maybe passed onto Mervs friends in the ibanks!!

anyway that aside 14800 handle held very well this morning, infin - 5330 if the upside really opens up..... daily trendline has broken up nicely also
Trading is 80% Emotional, 20% Technical
  • #109,643
  • Jan 7, 2009 7:11am Jan 7, 2009 7:11am
Quoting RedCabbage
What s/l did you allow?
Stops above redline resistance are 1.5118 resistance stops above that
Attached Image (click to enlarge)
Click to Enlarge Name: je6.jpg Size: 80 KB
  • #109,644
  • Jan 7, 2009 7:24am Jan 7, 2009 7:24am
Quoting steelhead
Stops above redline resistance are 1.5118 resistance stops above that
Obvious and simple 2 of the best qualities.

Thanks steelhead.
  • #109,645
  • Jan 7, 2009 7:28am Jan 7, 2009 7:28am
Quoting Abuawad
I hope you are on DEMO

You make me laugh. Keep buying Im ok with that. I will add to my shorts if need be.

Man you really make me laugh.
  • #109,646
  • Jan 7, 2009 7:29am Jan 7, 2009 7:29am
Took Partial profit @ +160 pips

Sonic

http://www.forexfactory.com/attachme...1&d=1231334937
  • #109,647
  • Jan 7, 2009 7:29am Jan 7, 2009 7:29am
i cant believe it . long since 1.485
  • #109,648
  • Jan 7, 2009 7:31am Jan 7, 2009 7:31am
the short setup is there. the news is messing with it a bit but thats ok. the setup is good
  • #109,649
  • Jan 7, 2009 7:32am Jan 7, 2009 7:32am
Quoting vorschlag
i cant believe it . long since 1.485
USD
ADP Non-Farm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif -693K
-495K -476Khttp://www.forexfactory.com/images/m...us_revised.gif
  • #109,650
  • Jan 7, 2009 7:33am Jan 7, 2009 7:33am
Quoting fx local
i agree, nice recovery in sterling, perhaps BoE may not cut tomorrow as much as expected after all, being a bit cynical but im sure now that most of the UK banks are part government owned, prior information to rate decisions maybe passed onto Mervs friends in the ibanks!!

anyway that aside 14800 handle held very well this morning, infin - 5330 if the upside really opens up..... daily trendline has broken up nicely also
Yup..... that 4800 held really well..... I had a feeling buyers would be waiting down in that area thus I closed out my shorts there.... was going to reverse long but was too tired to open a new trade....

On the daily... the 50ema looks so close again now....
Attached Image (click to enlarge)
Click to Enlarge Name: day.gif Size: 25 KB
Patience + Discipline - Greed = Success
  • #109,651
  • Jan 7, 2009 7:34am Jan 7, 2009 7:34am
Quoting Vourvoul
USD
ADP Non-Farm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif -693K
-495K -476Khttp://www.forexfactory.com/images/m...us_revised.gif
maybe they began to play the news before the release.
  • #109,652
  • Jan 7, 2009 7:36am Jan 7, 2009 7:36am
Quoting sonicdeejay
Took Partial profit @ +160 pips

Sonic

http://www.forexfactory.com/attachme...1&d=1231334937
Amazeeeeeinnnnnggg....
Learn the words... speak the words
  • #109,653
  • Jan 7, 2009 7:37am Jan 7, 2009 7:37am
the door is open to the r2 daily 1.5290
  • #109,654
  • Jan 7, 2009 7:37am Jan 7, 2009 7:37am
Quoting steelhead
the short setup is there. the news is messing with it a bit but thats ok. the setup is good
I am looking for short too. Itchy fingers touching the trigger!
  • #109,655
  • Jan 7, 2009 7:38am Jan 7, 2009 7:38am
Quoting steelhead
You make me laugh. Keep buying Im ok with that. I will add to my shorts if need be.

Man you really make me laugh.
Who is laughing now
  • #109,656
  • Jan 7, 2009 7:38am Jan 7, 2009 7:38am
Quoting Infinity
Yup..... that 4800 held really well..... I had a feeling buyers would be waiting down in that area thus I closed out my shorts there.... was going to reverse long but was too tired to open a new trade....

On the daily... the 50ema looks so close again now....
I closed at 4816.Was totally wasted from last night to reverse.I left a buy order at 500.reckon 180 would be hard to beat considering the data
  • #109,657
  • Jan 7, 2009 7:41am Jan 7, 2009 7:41am
Quoting vorschlag
maybe they began to play the news before the release.
yeah im convinced they do this, the move always seems to start before the news these days
  • #109,658
  • Jan 7, 2009 7:41am Jan 7, 2009 7:41am
Damned....will this baby ever stop going up
  • #109,659
  • Jan 7, 2009 7:42am Jan 7, 2009 7:42am
Quoting Infinity
Yup..... that 4800 held really well..... I had a feeling buyers would be waiting down in that area thus I closed out my shorts there.... was going to reverse long but was too tired to open a new trade....

On the daily... the 50ema looks so close again now....
yeah im looking at that as well, i reckon we might go past a bit i'[ll be looking to close out between 5180 - 5200
  • #109,660
  • Jan 7, 2009 7:43am Jan 7, 2009 7:43am
Quoting Abuawad
Who is laughing now
me, i just covered good size of my long!!!
Trading is 80% Emotional, 20% Technical
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