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Cable Update (GBPUSD)

  • #118,381
  • Feb 5, 2009 7:13am Feb 5, 2009 7:13am
Good luck to you guys that are short. I'm keeping my long position open to at least 4679. Green pips locked in now just sit back and let it unfold. Anyone else still long or is everyone on the short bandwagon?
  • #118,382
  • Feb 5, 2009 7:14am Feb 5, 2009 7:14am
Quoting JammerJams
Hey Pop

thanks..so..is that your 61.8% level? I see at retracement 38% at 1.4496
no sir..im not using fibo..its ema21 tf30...
to be exact 14450..

pop
{Promotion Removed}
  • #118,383
  • Feb 5, 2009 7:15am Feb 5, 2009 7:15am
Quoting nemke
Hi All,

Can anyone explain why GBP went up when the BOE cut rates today?

Thanks!!!

She's not so bad off to have to drop more then .5 basis points...
good news for UK...just doing as planned...
and with USA giving good news..then some of that good fortune is soon to go their way
  • #118,384
  • Feb 5, 2009 7:16am Feb 5, 2009 7:16am
Quoting popisdead
no sir..im not using fibo..its ema21 tf30...
to be exact 14450..

pop
much appreciated! thanks

I use that and retracements and fundamentals and a little prayer...
  • #118,385
  • Feb 5, 2009 7:21am Feb 5, 2009 7:21am
Quoting JammerJams
much appreciated! thanks

I use that and retracements and fundamentals and a little prayer...
Morning, folks
So, is 1.4490 feasible?
  • #118,386
  • Feb 5, 2009 7:22am Feb 5, 2009 7:22am
Quoting TheDirtySerb
Good luck to you guys that are short. I'm keeping my long position open to at least 4679. Green pips locked in now just sit back and let it unfold. Anyone else still long or is everyone on the short bandwagon?
Your projected TP is very admirable..but my charts are not that wishful Serb...

good luck
  • #118,387
  • Feb 5, 2009 7:24am Feb 5, 2009 7:24am
have good news for us today???
becaz i have short at 4590...
  • #118,388
  • Feb 5, 2009 7:24am Feb 5, 2009 7:24am
Quoting Komissar
Morning, folks
So, is 1.4490 feasible?
yes Ko....

that is well within an acceptable level...
  • #118,389
  • Feb 5, 2009 7:27am Feb 5, 2009 7:27am
surely with gold going up GBP/USD should drop?
Keep It Simple Stupid
  • #118,390
  • Feb 5, 2009 7:28am Feb 5, 2009 7:28am
Quoting JammerJams
much appreciated! thanks

I use that and retracements and fundamentals and a little prayer...
LOL...heheh..

i like the prayer part..



no harm to pray..
80% me..20% god!

pop
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  • #118,391
  • Feb 5, 2009 7:30am Feb 5, 2009 7:30am
Quoting JammerJams
Your projected TP is very admirable..but my charts are not that wishful Serb...

good luck

Now if the excitable Americans want to project the next level at 487x as the TP level...that can happen...I've seen crazier...

So..I already took one down from 4630 and TP at 4590
but am placing a Pending short..on way down this time...at 4590 and waiting for new drop..if she goes up...i will inch it up...
  • #118,392
  • Feb 5, 2009 7:31am Feb 5, 2009 7:31am
unemployment claims could bring this down now
  • #118,393
  • Feb 5, 2009 7:35am Feb 5, 2009 7:35am
Quoting PipLand
unemployment claims could bring this down now

I agree Pip!
  • #118,394
  • Feb 5, 2009 7:35am Feb 5, 2009 7:35am
Quoting popisdead
no sir..im not using fibo..its ema21 tf30...
to be exact 14450..

pop
i think its coming down..

but im not with the bear..

pop
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  • #118,395
  • Feb 5, 2009 7:38am Feb 5, 2009 7:38am
Quoting JammerJams
I agree Pip!
Take me to 1.4355 please
  • #118,396
  • Feb 5, 2009 7:38am Feb 5, 2009 7:38am
Quoting popisdead
i think its coming down..

but im not with the bear..

pop
14510..immediate target..and maybe bouncing here.

pop
{Promotion Removed}
  • #118,397
  • Feb 5, 2009 7:39am Feb 5, 2009 7:39am
  •  Trader#C67F
  • | Status: Unregistered Trader
my overall target for TP is 1.4512 and if it breaks then on to onehour chart to 1.4370

time for patience

what u think, nAV, Pip, all
  • #118,398
  • Feb 5, 2009 7:40am Feb 5, 2009 7:40am
blurrcrow : still in the bus down mate?
Thank You
  • #118,399
  • Feb 5, 2009 7:44am Feb 5, 2009 7:44am
Quoting macK
my overall target for TP is 1.4512 and if it breaks then on to onehour chart to 1.4370

time for patience

what u think, nAV, Pip, all
my idea..every good exit..

pop
{Promotion Removed}
  • #118,400
  • Feb 5, 2009 7:44am Feb 5, 2009 7:44am
Ok it might be a dumb question but I have to ask.

What would the proper distance for a trailing stop for this pair?

Thanks
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