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Cable Update (GBPUSD)

  • #116,081
  • Jan 29, 2009 5:23am Jan 29, 2009 5:23am
Looks like pin is forming on 15m
  • #116,082
  • Jan 29, 2009 5:23am Jan 29, 2009 5:23am
sigh!

I am short EURGBP from 0,9477
have a close order at 0,9143

today's low so far 0,91438
  • #116,083
  • Jan 29, 2009 5:24am Jan 29, 2009 5:24am
Quoting Bullfx
Why G/U rally 200 p but E/U has not rally yet ? long E/U now ?
LONDON, Jan 29 (Reuters) - Sterling rose sharply to a session high versus the euro, taking the euro/sterling pair under 92 pence on Thursday, with traders citing a a large selling order from a UK bank.
By 1022 GMT, the euro had fallen 0.6 percent on the day to 91.90 pence, having earlier hit a session low of 91.81 -- it's lowest in nine days . Euro/sterling selling also helped the pound erase early losses against the dollar to last stand at $1.4197 .
Dealers in London cited a large euro/sterling sell order but said the move was exacerbated by relatively thin conditions.
"This is all month-end flows going through, people are rebalancing," a London-based trader said.
Trading is 80% Emotional, 20% Technical
  • #116,084
  • Jan 29, 2009 5:24am Jan 29, 2009 5:24am
Quoting Komissar
Looks like pin is forming on 15m
yeah I will wait to see this before I close my long and decide to go short, cable could have some fight left in it
  • #116,085
  • Jan 29, 2009 5:26am Jan 29, 2009 5:26am
do we will see retracement now?
  • #116,086
  • Jan 29, 2009 5:27am Jan 29, 2009 5:27am
I think we are looking at another test at monthly resistance of 1.4346, but i doubt it very much we will consolidate up there.
"The trend is your friend, until the end."
  • #116,087
  • Jan 29, 2009 5:30am Jan 29, 2009 5:30am
Quoting fx local
LONDON, Jan 29 (Reuters) - Sterling rose sharply to a session high versus the euro, taking the euro/sterling pair under 92 pence on Thursday, with traders citing a a large selling order from a UK bank.
By 1022 GMT, the euro had fallen 0.6 percent on the day to 91.90 pence, having earlier hit a session low of 91.81 -- it's lowest in nine days . Euro/sterling selling also helped the pound erase early losses against the dollar to last stand at $1.4197 .
Dealers in London cited a large euro/sterling sell order but said the move was exacerbated by...
if their order is that large they will be workign it through all day
  • #116,088
  • Jan 29, 2009 5:32am Jan 29, 2009 5:32am
Quoting Komissar
Looks like pin is forming on 15m
It's not a pin, it's a doji. Too bad.
  • #116,089
  • Jan 29, 2009 5:33am Jan 29, 2009 5:33am
happy green pips all!

just take 100 pips x 4

I'm too late and shock.. but North take My pending Order....

Dor! if She touch EMA Magenta aka Mountly It's will break bearish to next month... hope it true...

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C..u Next week...
  • #116,090
  • Jan 29, 2009 5:33am Jan 29, 2009 5:33am
bang on the 4hour trendline, lets see where it closes,
Trading is 80% Emotional, 20% Technical
  • #116,091
  • Jan 29, 2009 5:42am Jan 29, 2009 5:42am
Quoting fx local
bang on the 4hour trendline, lets see where it closes,
yep ive taken half my long off waiting to close the rest and short or add if we break
  • #116,092
  • Jan 29, 2009 5:45am Jan 29, 2009 5:45am
GU is just testing some hearts here ...obviously, soon we will see 1.4200 again...a new short has been opened from around 1.4310...
  • #116,093
  • Jan 29, 2009 5:50am Jan 29, 2009 5:50am
Buy GBP/USD
Entry 1.43 Stop 1.42 Target 1.4470

All techs line up and she is ready to break to strong resistance. EAsy peasy best trade signal triggered and it's 90% accurate. I am in
  • #116,094
  • Jan 29, 2009 5:52am Jan 29, 2009 5:52am
Quoting SamuelOnline
GU is just testing some hearts here ...obviously, soon we will see 1.4200 again...a new short has been opened from around 1.4310...
im closed out and short now too just hoping the trendline holds
  • #116,095
  • Jan 29, 2009 5:53am Jan 29, 2009 5:53am
This is crazy - none of the dollar crosses are respecting risk aversion, except maybe for Aussie and Kiwi! This rally might have another 60-80 pips left in it, and after that it just has to correct.
  • #116,096
  • Jan 29, 2009 5:55am Jan 29, 2009 5:55am
I'll wait with my short. If the hour closes below 1.43 I'll go for it. If it will close like this or higher I'll go looking for other pairs.
"Don't forget to enjoy your life"
  • #116,097
  • Jan 29, 2009 6:00am Jan 29, 2009 6:00am
Quoting PipLand
im closed out and short now too just hoping the trendline holds
Hope: Lack of proper discipline is hope. Hope is the most devastating of all feelings in trading, because it can lull you into becoming complacent. You know in most cases when you find yourself hoping, you are wrong, and just get out of market. This requires the most self-discipline of all. You were wrong. Never hope; just manage doubt.
  • #116,098
  • Jan 29, 2009 6:01am Jan 29, 2009 6:01am
Quoting Mb-kz
I'll wait with my short. If the hour closes below 1.43 I'll go for it. If it will close like this or higher I'll go looking for other pairs.
phew it just closed inside
  • #116,099
  • Jan 29, 2009 6:01am Jan 29, 2009 6:01am
Quoting Professor4x
Buy GBP/USD
Entry 1.43 Stop 1.42 Target 1.4470

All techs line up and she is ready to break to strong resistance. EAsy peasy best trade signal triggered and it's 90% accurate. I am in
You are probably correct (maybe after a draw down) , and I would be
all over to jump (and i already rode the bus for a nice ride) on your set-up
"IF" the U S news was not coming out in a few hours.

Time to be careful ????


Save some cab fare in case the cash cab kicks you out for being wrong
and you need to find another cab to get to your destination
  • #116,100
  • Jan 29, 2009 6:03am Jan 29, 2009 6:03am
Decided not to short, as the bias has switched higher on my charts. We may see a pullback, but IMO it's going to be limited.
"Don't forget to enjoy your life"
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