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Cable Update (GBPUSD)

  • #109,681
  • Jan 7, 2009 8:16am Jan 7, 2009 8:16am
Quoting tingwei_98
Amazeeeeeinnnnnggg...

http://www.forexfactory.com/attachme...1&d=1231334937

.
Steady buddy....


Sonic
  • #109,682
  • Jan 7, 2009 8:23am Jan 7, 2009 8:23am
I am wondering - what's keeping pond up? It hit resistance around 5120, FTSE is down around 120 - it is time to go down.
  • #109,683
  • Jan 7, 2009 8:24am Jan 7, 2009 8:24am
Quoting Komissar
I am wondering - what's keeping pond up? It hit resistance around 5120, FTSE is down around 120 - it is time to go down.
Buyers, they're not done yet.
  • #109,684
  • Jan 7, 2009 8:26am Jan 7, 2009 8:26am
Short GU, SL 20 p, TP 1.45
Give me patience
  • #109,685
  • Jan 7, 2009 8:27am Jan 7, 2009 8:27am
Anyone considered that it might be Bank of England buying to shore up the pound before a rate drop tomorrow ?
  • #109,686
  • Jan 7, 2009 8:28am Jan 7, 2009 8:28am
Entry Orders de Compra --- Buy Entry Orders
1. Buy at 1.5126 | Tp: 1.5156
2. Buy at 1.5126 | Tp: 1.5166
3. Buy at 1.5126 | Tp: 1.5176

Entry Orders de Venta --- Sell Entry Orders
1. Sell at 1.4931 | Tp: 1.4901
2. Sell at 1.4931 | Tp: 1.4891
3. Sell at 1.4931 | Tp: 1.4881




If the buy Entry (Pending) orders are executed then you must remove the Sell Entry (Pending) orders and viceversa.




**************
This are my trades, and I will not be responsable of any lose if you follow my trades. You must do your own analisys.
  • #109,687
  • Jan 7, 2009 8:28am Jan 7, 2009 8:28am
Anyone... Is the major still down? Please enlighthen me...
  • #109,688
  • Jan 7, 2009 8:29am Jan 7, 2009 8:29am
Quoting Mooser
Anyone considered that it might be Bank of England buying to shore up the pound before a rate drop tomorrow ?
interesting thought, its definatly the pattern of large institutional buying
  • #109,689
  • Jan 7, 2009 8:32am Jan 7, 2009 8:32am
Quoting nu-bie
Anyone... Is the major still down? Please enlighthen me...
According to my monthly average, (21sma on the daily) no. It closed well above that yesterday.
  • #109,690
  • Jan 7, 2009 8:33am Jan 7, 2009 8:33am
Quoting Mooser
Anyone considered that it might be Bank of England buying to shore up the pound before a rate drop tomorrow ?
I like that idea- very interesting, good call!
  • #109,691
  • Jan 7, 2009 8:34am Jan 7, 2009 8:34am
Economy over there looks screwed. Marks and Sparks closing down small stores now. Who's next ? There will be more.

Can't see how the story has changed from last week.

Although I think long term USD is in for a kicking, post Jan 20th.
  • #109,692
  • Jan 7, 2009 8:36am Jan 7, 2009 8:36am
nice little fall there- where do people see support? I expect if it continues to fall, breaking the 1.5000 barrier will be the first important test. Anyone else have any reason for support before there?
  • #109,693
  • Jan 7, 2009 8:44am Jan 7, 2009 8:44am
Quoting nu-bie
Anyone... Is the major still down? Please enlighthen me...
the Major trend is still down, but we have been testing multi year lows unless we fall below 4350 tomorrow then its most likely we will start heading up again for the forseeable future once everyone has gotten over the rate cut.

If you have a short from before which you have been holding my advice would be to get out after tomorrows move down, assuming we get one that is
  • #109,694
  • Jan 7, 2009 8:46am Jan 7, 2009 8:46am
Quoting Mooser
Economy over there looks screwed. Marks and Sparks closing down small stores now. Who's next ? There will be more.

Can't see how the story has changed from last week.

Although I think long term USD is in for a kicking, post Jan 20th.

yes... the USA is still thinking "Obama will save us all" (nothing against the man himself; however, the problems cant be solved just by a new leader) that may hold till Febuary - however, once people realized that he can only walk on the ground like the rest of us; fear will set in... i think the cable will be back to 1.95 and maybe push higher
  • #109,695
  • Jan 7, 2009 8:51am Jan 7, 2009 8:51am
Quoting uut
so still holding long anyone?
i stop half of my trade
I am back in again... LONG !

Hope I am right!! (( just who are theze guyz who are buying ??? ))
  • #109,696
  • Jan 7, 2009 8:52am Jan 7, 2009 8:52am
cable made a peak at 1.5129. 5 mins chart show a elliot wave currently on wave 5 but it should not be able to break the high thus forming a double top with body height of 85pips . will have a retracement to 1.4959. just my trading plan come up this way so share with you guys. happy trading
  • #109,697
  • Jan 7, 2009 8:54am Jan 7, 2009 8:54am
Quoting blurrcow
I am back in again... LONG !

Hope I am right!! (( just who are theze guyz who are buying ??? ))
the price action is similar to yesterday after it gave up going up any further
  • #109,698
  • Jan 7, 2009 8:58am Jan 7, 2009 8:58am
Quoting steelhead
Im still laughing. I like laughing it is good for your health
Very shrewd dude.The 50 Dma has capped this baby since forever.
  • #109,699
  • Jan 7, 2009 9:00am Jan 7, 2009 9:00am
i want to enter the market..but don't know which way to go..on 15mins chat.
can some one please help out
  • #109,700
  • Jan 7, 2009 9:01am Jan 7, 2009 9:01am
Quoting PipLand
the price action is similar to yesterday after it gave up going up any further
yes; next res level is 5185 back on dec 19th.... it would be ideal to see a close on the H4 at noon est around 5200 - would be a great opportunity for a 200+ pip short - and if the UK cut interest rates todays high maybe the high for the week!

however, i dont think we will be that lucky to see 5200 today :-( so have to guess at a good entry between there.... a good solid bullish close of an H1 candle would be a great place to short on open of the next hour
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