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Cable Update (GBPUSD)

  • #117,761
  • Feb 4, 2009 2:45am Feb 4, 2009 2:45am
seems like it keeps getting beat back @ 4420
get's through that and it could be up to test
the highs again
  • #117,762
  • Feb 4, 2009 2:48am Feb 4, 2009 2:48am
Quoting PipLand
Yeah thats how I used to trade and with good results and less stress lol!

But the last couple of months ive been having even better success trading intraday. The last couple of days have been challenging though I cant seem to find good opportunities and im looking everywhere, under rocks etc lol

I'll see what happens when these numbers come out. The problem Im having this week is I normally have a bias on direction, then wait for my entry. But im very neutral on direction at the moment we could be on the beginnings of a reversal or we could tank...
yes its understandable...its impossible to know, what i think is we going to sit between this range where were very close to seeing a bottom.
the monthly body being so small is a indication that we are close....i think we falling deep below only will put us in huge trouble but im no fundamentalist so i have no idea....lol
i would be surprised if BOE reduce the rate again and if it kept the same trades will buy the pound like crazy im thinking and that ties in with the charts...only time will tell
  • #117,763
  • Edited 3:16am Feb 4, 2009 2:50am | Edited 3:16am
EU people get angry with global crisis
Give me patience
  • #117,764
  • Feb 4, 2009 3:00am Feb 4, 2009 3:00am
Quoting nAVIN2007
yes its understandable...its impossible to know, what i think is we going to sit between this range where were very close to seeing a bottom.
the monthly body being so small is a indication that we are close....i think we falling deep below only will put us in huge trouble but im no fundamentalist so i have no idea....lol
i would be surprised if BOE reduce the rate again and if it kept the same trades will buy the pound like crazy im thinking and that ties in with the charts...only time will tell
Yeah no rate cut and im definatly on the long bus too!!
  • #117,765
  • Feb 4, 2009 3:02am Feb 4, 2009 3:02am
[quote=Jigsaw;2514611]With you on this one my friend

Are you looking at the 4HR EUR/GBP ound number that it is at too . . . Food for thought by any chance ? Reference the weekly chart /quote]

i just looked at it...yes thats a great indicator for this..thanks buddy great tip
if eur/gbp sink this mofo should go up right..assuming gbp strength has increased
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 26 KB
  • #117,766
  • Feb 4, 2009 3:12am Feb 4, 2009 3:12am
i'm short since that last hourly wied candle.
  • #117,767
  • Feb 4, 2009 3:14am Feb 4, 2009 3:14am
Sudden strengthening of the US dollar....
  • #117,768
  • Feb 4, 2009 3:15am Feb 4, 2009 3:15am
thats another 50

and the bolly break could happen
  • #117,769
  • Feb 4, 2009 3:18am Feb 4, 2009 3:18am
Quoting Ipips
Sudden strengthening of the US dollar....
current 15-min candle... if ends Down... then I am on the SHORT wagon...
  • #117,770
  • Feb 4, 2009 3:20am Feb 4, 2009 3:20am
Quoting blurrcow
current 15-min candle... if ends Down... then I am on the SHORT wagon...
Well i'm sure it'll be a Wagon but what is the destination, we will see. just i case check your eject system...
  • #117,771
  • Feb 4, 2009 3:24am Feb 4, 2009 3:24am
Something to bear in mind, just a recent bout of dollar strength the last 30 mins, which manages to move most usd pairs, apart from cable which did the opposite and strengthened??
  • #117,772
  • Feb 4, 2009 3:28am Feb 4, 2009 3:28am
this thing is set to fly north..price action on 30 minute looks quite good assuming it can close with a long shadow nope!!!!! didnt happen yet

1hr close very impt now
  • #117,773
  • Feb 4, 2009 3:30am Feb 4, 2009 3:30am
Quoting Abuawad
Well i'm sure it'll be a Wagon but what is the destination, we will see. just i case check your eject system...
the last 1 -min price action just convinced me to jump in SHORT... TP 1.4280 SL 1..4320
  • #117,774
  • Feb 4, 2009 3:31am Feb 4, 2009 3:31am
Quoting nAVIN2007
this thing is set to fly north..price action on 30 minute looks quite good assuming it can close with a long shadow
Agree, check haw is price act on the support line 2nd one,
Attached Image (click to enlarge)
Click to Enlarge Name: 04022009-update.gif Size: 57 KB
  • #117,775
  • Feb 4, 2009 3:35am Feb 4, 2009 3:35am
Quoting Abuawad
Agree, check haw is price act on the support line 2nd one,
yes it respecting the trendline, id have considered a buy around here if i wanted to enter tight ass stop but would wait to see how the hourly candle closes for caution
Attached Image (click to enlarge)
Click to Enlarge Name: cable30mr.gif Size: 23 KB
  • #117,776
  • Feb 4, 2009 3:45am Feb 4, 2009 3:45am
Quoting JammerJams
I have seen some brokers do some nasty things over the years...

Their job is to turn customers. A broker knows the numbers well..It has already factored in that over 80% of traders loose..and so they hedge on this.

A winning trader cost them money.

"food for thought"
so how do hedge fund managers who make millions work? do they use brokers for there trades or what?
  • #117,777
  • Feb 4, 2009 3:45am Feb 4, 2009 3:45am
Quoting nAVIN2007
this thing is set to fly north..price action on 30 minute looks quite good assuming it can close with a long shadow nope!!!!! didnt happen yet

1hr close very impt now
X2, Looking at places to pull the trigger on Cable. Already short on EUR/GBP.
  • #117,778
  • Feb 4, 2009 3:49am Feb 4, 2009 3:49am
its a simple range trading......
  • #117,779
  • Feb 4, 2009 3:50am Feb 4, 2009 3:50am
Quoting JammerJams
I will not trade until facts are out. Assuming is the little death in this business

All I want is a clear trend with news favoring this trend...and continued support...oh what a wish!

But ever since November..we are seeing a wave of indecision and confusion.
like trying to fish in a row boat out at sea during a typhoon!
Whats up guys.
Yeah November was a walk in the park compared to January.Weve reached the depths in all the big pairs,U/J,cable A/U etc so people are indecisive about pushing things further.
  • #117,780
  • Feb 4, 2009 3:51am Feb 4, 2009 3:51am
This is looking quite bullish on 1hr and below, 4hr isnt convincing though
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