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Cable Update (GBPUSD)

  • #111,661
  • Jan 14, 2009 11:01pm Jan 14, 2009 11:01pm
Quoting laromanell
I would rather lock my profit at 1.4645 and see wether it breaks 62ema at 1.4659 and 23.60fib at 1.4678. If it does then keep earning pips, anyway it's your call.
right
  • #111,662
  • Jan 14, 2009 11:20pm Jan 14, 2009 11:20pm
There is some pretty strong bullish MACD divergence on the daily.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.daily.011409.gif Size: 33 KB
  • #111,663
  • Jan 14, 2009 11:27pm Jan 14, 2009 11:27pm
short @ 4634
Keep It Simple Stupid
  • #111,664
  • Jan 14, 2009 11:56pm Jan 14, 2009 11:56pm
the 5 min candles are pretty long in both directons, closed put my prev short for +15. sitting out now.
Keep It Simple Stupid
  • #111,665
  • Jan 15, 2009 12:26am Jan 15, 2009 12:26am
Pure ranging, looks like asian session, hehe!
Some CAD?
  • #111,666
  • Jan 15, 2009 12:45am Jan 15, 2009 12:45am
The GBPJPY looks more interesting to the upside if it can break through the pivot at 13049. It could go a 150+ for now im just watching it.
  • #111,667
  • Jan 15, 2009 12:46am Jan 15, 2009 12:46am
Quoting rb4488
The GBPJPY looks more interesting to the upside if it can break through the pivot at 13049. It could go a 150+ for now im just watching it.
If it wasen't going whit "THAT" spread, i would sure trade GPBJPY
  • #111,668
  • Jan 15, 2009 1:09am Jan 15, 2009 1:09am
how can ECB rate cut affect the GBPUSD? or don't affect? any idea?
  • #111,669
  • Jan 15, 2009 1:17am Jan 15, 2009 1:17am
Quoting nicotine
how can ECB rate cut affect the GBPUSD? or don't affect? any idea?
Morning all.It has to do with EUR/GBR.That pair directly influences G/U.
  • #111,670
  • Jan 15, 2009 1:42am Jan 15, 2009 1:42am
Quoting trader2160
Morning all.It has to do with EUR/GBR.That pair directly influences G/U.

Opposite .....gbpusd controls its own desteny ....muluply the value of the eurusd and the gbpusd together and you get the eurgbp
  • #111,671
  • Jan 15, 2009 1:47am Jan 15, 2009 1:47am
i'm short eu at 1.3220 with tp 1.3100.i expect euro CPI data release will be lower than expected with lower oil price.ECB will have more room to cut interest rate.
  • #111,672
  • Jan 15, 2009 1:47am Jan 15, 2009 1:47am
Quoting Shermenator
Opposite .....gbpusd controls its own desteny ....muluply the value of the eurusd and the gbpusd together and you get the eurgbp
It does most of the time,but the Eur/Gbr does take over from time to time.
  • #111,673
  • Jan 15, 2009 1:54am Jan 15, 2009 1:54am
any takers for long when it comes back down?
Keep It Simple Stupid
  • #111,674
  • Edited 2:43am Jan 15, 2009 2:08am | Edited 2:43am
Quoting Shermenator
Opposite .....gbpusd controls its own desteny ....muluply the value of the eurusd and the gbpusd together and you get the eurgbp
Yes, normally this is correct.

However, over the past month or so, the reverse has been true and EURGBP has often been driving Cable. For instance, EURGBP went from 0.82 to 0.98 in under a month, as the market was focused on pushing the pair to new record highs each day, thus meaning Cable took a back seat for a little while.
  • #111,675
  • Jan 15, 2009 2:12am Jan 15, 2009 2:12am
Quoting Alastair
any takers for long when it comes back down?
took the long and got out.
scalping hats on!
Keep It Simple Stupid
  • #111,676
  • Jan 15, 2009 2:14am Jan 15, 2009 2:14am
hi

i think 1.4673 is important area that decide continue up move .... or fall to 1.4352
  • #111,677
  • Jan 15, 2009 2:16am Jan 15, 2009 2:16am
Quoting gammase1
Yes, normally that is correct.

However, over the past month or so, the reverse has been true and EURGBP has often been driving Cable. For instance, EURGBP went from 0.82 to 0.98 in under a month, as the market was focused on pushing the pair to new record highs each day, thus meaning Cable took a back seat for a little while.
Quite right.Its all about which is the driving pair at a particular time.
  • #111,678
  • Jan 15, 2009 2:17am Jan 15, 2009 2:17am
till now sclaping is method
  • #111,679
  • Jan 15, 2009 2:18am Jan 15, 2009 2:18am
Morning, folks
I checked 1h, it looks like ascending triangle. Here is the chart. May be I am mistaking, but I am fresh and trying to learn.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.jpg Size: 75 KB
  • #111,680
  • Jan 15, 2009 2:46am Jan 15, 2009 2:46am
Quoting Komissar
Morning, folks
I checked 1h, it looks like ascending triangle. Here is the chart. May be I am mistaking, but I am fresh and trying to learn.
i agree with you, may be to nite, after us open , breakout will happen..hope fully going up..
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
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