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Cable Update (GBPUSD)

  • #114,881
  • Jan 25, 2009 8:16pm Jan 25, 2009 8:16pm
Just read this:

[GBP/USD] Spooking the already fragile state of the Sterling is an article in the Sunday Daily Mail, revealing that Britain was just three hours away from going bust last year after a secret run on the banks. City Minister, Gordon Brown's Ministers disclosed to the paper that on Friday, October 10th, the country was "very close" to a complete banking collapse after "major depositors" attempted to withdraw their money en masse. Per the report, the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals
DireXiv Make it happen, no one else is going to do it for you...
  • #114,882
  • Jan 25, 2009 8:17pm Jan 25, 2009 8:17pm
Short 1.3600, locked in + 8 pips, TP 1.3570 ! Gong Xi Fa Choi !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,883
  • Jan 25, 2009 8:18pm Jan 25, 2009 8:18pm
Quoting DireXiv
[GBP/USD] Spooking the already fragile state of the Sterling is an article in the Sunday Daily Mail, revealing that Britain was just three hours away from going bust last year after a secret run on the banks. City Minister, Gordon Brown's Ministers disclosed to the paper that on Friday, October 10th, the country was "very close" to a complete banking collapse after "major depositors" attempted to withdraw their money en masse. Per the report, the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals
HOLY SH*T!

This country is f***ed!. They kept that one quite.
  • #114,884
  • Jan 25, 2009 8:21pm Jan 25, 2009 8:21pm
Quoting dunhill1907
should b scapipigoat dont it hehe..

this is homemade fun dad

Gee Thanks. I'm glad a few of us can keep a sense of humor.
  • #114,885
  • Jan 25, 2009 8:30pm Jan 25, 2009 8:30pm
Quoting manize
Short 1.3600, locked in + 8 pips, TP 1.3570 ! Gong Xi Fa Choi !
Hit +8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,886
  • Jan 25, 2009 8:42pm Jan 25, 2009 8:42pm
Short again 1.3625 , TP 1.3585, SL 1.3650 ! UUps M15/ema10 indicated up, closed + 5 pips !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,887
  • Jan 25, 2009 8:48pm Jan 25, 2009 8:48pm
Time for some shut eye so that I catch UK open.
Good pipping
  • #114,888
  • Jan 25, 2009 8:52pm Jan 25, 2009 8:52pm
m15 may be wedging up here guys... by all indictions i have.. it should continue short... but I havent' gotten a signal yet since this up move started... so i'm flat till I get soemthing good.

edit: nevermind... it's an ascending triangle on m5.. usually means break long...
DireXiv Make it happen, no one else is going to do it for you...
  • #114,889
  • Jan 25, 2009 8:56pm Jan 25, 2009 8:56pm
US Dollar Trend Hangs On The Outcome Of 4Q GDP And FOMC Decision, how will be on Friday ?

USD GDP q/q:
forecast: - 5.4%, prev: -0.5%http://www.forexfactory.com/images/m...us_revised.gif ???
Give me patience
  • #114,890
  • Jan 25, 2009 9:03pm Jan 25, 2009 9:03pm
Quoting Bullfx
US Dollar Trend Hangs On The Outcome Of 4Q GDP
and FOMC Decision, how will be on Friday ?

USD GDP q/q:
forecast: -5.4%, prev: -0.5%http://www.forexfactory.com/images/m...us_revised.gif

Market should keep buying the Dollar until there's a more compelling reason to sell it.
Namely, it's totally screwed anyhow, but who's doing any better across the globe ?
Least of several evils or the dog with the fewest fleas, so to speak.

Where I come from, GDP stands for something very dirty
and I can't get enough of it during most quarters.

to wit: " I want some G-D-P, damnit !!! Gimme some G-D-P !"

See what I mean ? Makes you want to use a paper towel to touch the doorknob.

Economics Is a Filthy Business.
  • #114,891
  • Edited 9:54pm Jan 25, 2009 9:04pm | Edited 9:54pm
I don't see any strong resistance between 1.3645 - 1.3759. I am thinking long now. I hope she goes down at around 1.3600 (DP) to make a long ! And will short again when reach 1.3759( H1/ema50) ! + 13 pips gain sofar !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,892
  • Jan 25, 2009 9:25pm Jan 25, 2009 9:25pm
Shorts under some pressure against a FIB extension, which looks to have
reached a measured 1.618 objective on Friday at 13500 the figure.
Doesn't mean it finished dropping, just a place to pause and reflect.

Without or until a breach of 135, we'll have to dance to the other music for a little while.

Trend is still down, but nothing goes straight up or straight down.

Hence, we do the Forex boogie woogie. Shake yer butts people.
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  • #114,893
  • Jan 25, 2009 9:25pm Jan 25, 2009 9:25pm
manize Your resistance lines up with mine (almost).
I see weak resistance at 1.3700-10 as said before (as we are in downtrend I look at it as significant).
Then strong is at 1.3740, so this looks like gd area to me. Anyone else see this area as resistance?
  • #114,894
  • Jan 25, 2009 9:30pm Jan 25, 2009 9:30pm
This is my update platform plan for next a few hours !
Attached Image (click to enlarge)
Click to Enlarge Name: 24d0109.gif Size: 86 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,895
  • Jan 25, 2009 9:33pm Jan 25, 2009 9:33pm
g/u still below the m15 50 ema.. as long as it is... I still remain looking for shorts that will run.... e/u on the other hand... closed above.. retouched and is back long.
DireXiv Make it happen, no one else is going to do it for you...
  • #114,896
  • Jan 25, 2009 9:37pm Jan 25, 2009 9:37pm
Quoting fry2010
manize Your resistance lines up with mine (almost).
I see weak resistance at 1.3700-10 as said before (as we are in downtrend I look at it as significant).
Then strong is at 1.3740, so this looks like gd area to me. Anyone else see this area as resistance?
Yup ..... the one who impatients to make a short should put a tight SL and secure quickly in green pips when down !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #114,897
  • Jan 25, 2009 10:16pm Jan 25, 2009 10:16pm
As the night plays out, as well as the rest of the week, one thing is going to become more and more clear:

Either we break 135 and continue lower, else the pendulum swings and we test resistance.

If this pair goes positive for the day (sustained bids above 138, not just a spike)
market will be showing another card that could affect the rest of the week.

Not to be misunderstood, I don't believe in catching falling knives, but what doesn't drop, has to pop,
even if for just a short while, as the greatest number of market participants have their ass handed to them.

"...It is enevitable, Mr. Anderson...."
Attached Image
  • #114,898
  • Jan 25, 2009 10:23pm Jan 25, 2009 10:23pm
Quoting toshi
Either we break 135 and continue lower, else the pendulum swings and we test resistance.

If this pair goes positive for the day (sustained bids above 138, not just a spike)
market will be showing another card that could affect the rest of the week.
I agree, break 1.35 or 1.38 will suggest where we go.
I still favour 1.3350-80. Although this divergence is a little worrying.
  • #114,899
  • Jan 25, 2009 10:41pm Jan 25, 2009 10:41pm
phew.... I saw the m5 stalling completely as well as the m15 candles at the m15 50 ema.. so i took a calculated risk... s/l was at3682 just above the m5 upper channel t/l and the h1 21... was within a couple of gettting stopped out before it kicked down.... got a good close below the m15 ma's ... but killed it at +23... happy it came back down

m15 is still full short matching h1 till I see anything further.. I'm still searching for shorts.. however e/u is long atm.. so it's not helping.
DireXiv Make it happen, no one else is going to do it for you...
  • #114,900
  • Jan 25, 2009 10:44pm Jan 25, 2009 10:44pm
Agreed... sooner or later one side gets "tired" and the others take over... however.. i'm happy to play whatever is given.. fortunately my setups work well in ranges too!

Quoting toshi
As the night plays out, as well as the rest of the week, one thing is going to become more and more clear:

Either we break 135 and continue lower, else the pendulum swings and we test resistance.

If this pair goes positive for the day (sustained bids above 138, not just a spike)
market will be showing another card that could affect the rest of the week.

Not to be misunderstood, I don't believe in catching falling knives, but what doesn't drop, has to pop,
even if for just a short while, as the greatest number of market participants have their...
DireXiv Make it happen, no one else is going to do it for you...
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