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Cable Update (GBPUSD)

  • #116,401
  • Jan 29, 2009 9:35pm Jan 29, 2009 9:35pm
I'm flat but prepared

this is M15 area of chart i posted before
( http://www.forexfactory.com/showpost...stcount=116384 )
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd15.gif Size: 16 KB
  • #116,402
  • Jan 29, 2009 9:52pm Jan 29, 2009 9:52pm
Quoting joemiami
well Im still long from 1.4222......

15 min chart still looking bullish... 1 hour chart coming around too
i don't see yet
  • #116,403
  • Jan 29, 2009 9:55pm Jan 29, 2009 9:55pm
Quoting sofia101
I am waiting if it going to reach 1.4175 hope it will be the bottom for tonight and as far as longs let see if we make it to 1.4333 then will talk about rally
Few more pips and I will buy
  • #116,404
  • Jan 29, 2009 9:56pm Jan 29, 2009 9:56pm
serious lack in follow through on these moves.
DireXiv Make it happen, no one else is going to do it for you...
  • #116,405
  • Jan 29, 2009 10:02pm Jan 29, 2009 10:02pm
I truly enjoy and benefit from reading this thread..quick question for EO and/ or Infinity...the sma you use, are they simple MA or smoothed MA?

Thank you for all you contribute here for the benefit of others...
  • #116,406
  • Jan 29, 2009 10:03pm Jan 29, 2009 10:03pm
divergence on 15 min MACD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 10 KB
  • #116,407
  • Jan 29, 2009 10:07pm Jan 29, 2009 10:07pm
Quoting DireXiv
serious lack in follow through on these moves.
i dont know that the moves are always going to be as powerful as we may have seen yesterday ... ?
  • #116,408
  • Jan 29, 2009 10:08pm Jan 29, 2009 10:08pm
Ya, yesterday was great... maybe I need to adjust my mindset.

Everytrade I've had tonight I've been up.. and then it just comes back to my entry.. so I dump it.... a whopping 8 pips for the evening by this time last night I had 80 or so lol

think I'll call it a night till euro/london session

Quoting pipmyride
i dont know that the moves are always going to be as powerful as we may have seen yesterday ... ?
DireXiv Make it happen, no one else is going to do it for you...
  • #116,409
  • Jan 29, 2009 10:18pm Jan 29, 2009 10:18pm
.....we'll see 39xx tonight!
  • #116,410
  • Jan 29, 2009 10:28pm Jan 29, 2009 10:28pm
Quoting 30pips
.....we'll see 39xx tonight!
Not me M looking further headway to re visit the 1.44 level only a breach below 1.4070 will change my view!
  • #116,411
  • Jan 29, 2009 10:32pm Jan 29, 2009 10:32pm
Quoting 30pips
.....we'll see 39xx tonight!
don't hope so
  • #116,412
  • Jan 29, 2009 10:35pm Jan 29, 2009 10:35pm
Allow me to share with you this is an excerpts from informa:

The GBP/USD reached the day's low of 1.4071 during the European session as the release of Nationwide house prices which showed a decline of 16.6% y/y provided further evidence that the deterioration in the UK housing sector has not let up with still more pain to come over coming months. BOE Blanchflower said that the UK economy may face a recession worse than that of the one in the 1980's and that the Bank Rate needs to be cut "further and quickly". However, his cautioned that the GBP is undervalued and financier George Soros saying that he has stopped betting against the GBP gave the pair a lift to an o/n high of 1.4411 before closing in NY at 1.4315. UK only has second tier data but a slew of US data including the GDP is likely to keep the market on tenderhooks. Buying orders at 1.4180 by a European name will protect the downside and selling orders at 1.4300 by a US Prime will cap the upside this session.
  • #116,413
  • Jan 29, 2009 10:47pm Jan 29, 2009 10:47pm
Quoting Kasparov
Allow me to share with you this is an excerpts from informa:

The GBP/USD reached the day's low of 1.4071 during the European session as the release of Nationwide house prices which showed a decline of 16.6% y/y provided further evidence that the deterioration in the UK housing sector has not let up with still more pain to come over coming months. BOE Blanchflower said that the UK economy may face a recession worse than that of the one in the 1980's and that the Bank Rate needs to be cut "further and quickly". [b]However, his cautioned...
still looking to buy coz the GDP usa worst, very very bad.
but can it make higher high?
  • #116,414
  • Jan 29, 2009 11:02pm Jan 29, 2009 11:02pm
Quoting rt4x
I truly enjoy and benefit from reading this thread..quick question for EO and/ or Infinity...the sma you use, are they simple MA or smoothed MA?

Thank you for all you contribute here for the benefit of others...
We use simple and exponential ma's. Currently the 1h 62ema is holding her pants up. This is will be a battle to get through here. Positions currently open need to be protected and new entries need to be clean setups.

Trade well!
EO
Just digging in the trenches like everyone else!
  • #116,415
  • Jan 29, 2009 11:06pm Jan 29, 2009 11:06pm
Quoting Kasparov
Allow me to share with you this is an excerpts from informa:

The GBP/USD reached the day's low of 1.4071 during the European session as the release of Nationwide house prices which showed a decline of 16.6% y/y provided further evidence that the deterioration in the UK housing sector has not let up with still more pain to come over coming months. BOE Blanchflower said that the UK economy may face a recession worse than that of the one in the 1980's and that the Bank Rate needs to be cut "further and quickly". [b]However, his cautioned...
The house prices decline figures are not as accurate as one is lead to believe. Sure there are areas where house prices were over inflated and are now coming back to the level they should be at. There is also a massive shortage of houses in the UK demand far out strips supply, this and the fact that banks are refusing to lend to anybody at the moment I believe is making the situation a lot worse than what is.
  • #116,416
  • Jan 29, 2009 11:09pm Jan 29, 2009 11:09pm
Quoting dashboard
still looking to buy coz the GDP usa worst, very very bad.
but can it make higher high?
Hopefully as long as the 1.4070 holds!
  • #116,417
  • Jan 29, 2009 11:12pm Jan 29, 2009 11:12pm
Quoting eohater
We use simple and exponential ma's. Currently the 1h 62ema is holding her pants up. This is will be a battle to get through here. Positions currently open need to be protected and new entries need to be clean setups.

Trade well!
EO
Thanks !...Currently studying the posts on your thread and backtesting...
  • #116,418
  • Jan 29, 2009 11:15pm Jan 29, 2009 11:15pm
Quoting FireFx
The house prices decline figures are not as accurate as one is lead to believe. Sure there are areas where house prices were over inflated and are now coming back to the level they should be at. There is also a massive shortage of houses in the UK demand far out strips supply, this and the fact that banks are refusing to lend to anybody at the moment I believe is making the situation a lot worse than what is.
You're right FireFx but it is already factored in when the cable fell to 1.35 level now right after the FOMC meeting Big Boys are decreasing their bets shorting the cable including the legendary George Soros!
  • #116,419
  • Jan 29, 2009 11:24pm Jan 29, 2009 11:24pm
Is the h1 62ema going to hold. appears to be some weakness.
  • #116,420
  • Jan 29, 2009 11:33pm Jan 29, 2009 11:33pm
it looks to me that what we saw yesterday above 1,44 was the end of the recent pound pullback

today my might even see 1,43xx again, but the downtrend should resume quite soon indeed
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