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Cable Update (GBPUSD)

  • #120,221
  • Feb 13, 2009 4:02am Feb 13, 2009 4:02am
and im stopped! -25
  • #120,222
  • Feb 13, 2009 4:04am Feb 13, 2009 4:04am
oops looks like thebull is strongerthan thebear
  • #120,223
  • Feb 13, 2009 4:04am Feb 13, 2009 4:04am
Oh GU has been up 400 p today
Give me patience
  • #120,224
  • Feb 13, 2009 4:09am Feb 13, 2009 4:09am
Quoting sofia101
I agree with you ,it looks bullish on daily and 4H .Now how far the pair can go being bullish I don't see it more the 1.45-46 .And then we still going to finish down trend to 1.40 and lower.

if u keep this up every1 in here gonna buy a crystal ball

welldone sofia great call
  • #120,225
  • Feb 13, 2009 4:10am Feb 13, 2009 4:10am
cable has made really good job, but 4600 is probably the end
  • #120,226
  • Edited 4:27am Feb 13, 2009 4:16am | Edited 4:27am
EUR German Prelim GDP q/q:
actual: - 2.1%, forecast: -1.8% , prev: -0.5%

EUR Flash GDP q/q :
actual: -1.5%, forecast: -1.3%, prev: -0.2%

Pound Rises Against Dollar as Stocks Gain The pound rose against the dollar, snapping a three-day decline, after a rebound in stocks boosted investor confidence and increased demand for riskier currencies.

Citigroup Says Take Profit on Pound Versus Swiss Franc, Buy Aussie Dollar Investors should take profits on bets the pound will gain versus the Swiss franc because of a “still severe economic slowdown” and signs the Bank of England may cut interest rates near zero,
Give me patience
  • #120,227
  • Feb 13, 2009 4:17am Feb 13, 2009 4:17am
Quoting nAVIN2007
if u keep this up every1 in here gonna buy a crystal ball

welldone sofia great call
Thank you
  • #120,228
  • Feb 13, 2009 4:21am Feb 13, 2009 4:21am
I agree with 1.4600 being the end of the run for 3 reasons .. it being a psychological level, its the 50% retracement of the current down move and there appears to be some prior resistance at this level. Daily R2 is at 1.4556, so back below here and we are down again
  • #120,229
  • Feb 13, 2009 4:21am Feb 13, 2009 4:21am
Quoting wormboy
There goes the surge up I was expecting.
Anyway, spot on there mate, guess we're on the same page since we are pretty much looking at the same thing. 4550 is the top of my buffer. Clear that, and we will be looking up at 4770. If that happens today, guess I'm gonna have to forget about the weekend break & prepare to lock and load!
well my friend..I closed my long at 4590 and will sit and wait this out...Im not too comfortable on this going out without it touching the Inner Trend line that is occuring...if it does not break it and is above the 457x level...Im back in but...it if it sticks around 457x level for more then an hour..we are going to see a nice short coming..

gained just a few pips..but goes nice toward profit margin.
customers dont care about pips..they just want to see money.
Attached Image
  • #120,230
  • Feb 13, 2009 4:22am Feb 13, 2009 4:22am
Shorts at 1.45736 and 1.45796
  • #120,231
  • Feb 13, 2009 4:25am Feb 13, 2009 4:25am
My shorts are after we drop below the Inner Trendline
  • #120,232
  • Feb 13, 2009 4:26am Feb 13, 2009 4:26am
what timeframe
  • #120,233
  • Feb 13, 2009 4:26am Feb 13, 2009 4:26am
Quoting JammerJams
well my friend..I closed my long at 4590 and will sit and wait this out...Im not too comfortable on this going out without it touching the Inner Trend line that is occuring...if it does not break it and is above the 457x level...Im back in but...it if it sticks around 457x level for more then an hour..we are going to see a nice short coming..

gained just a few pips..but goes nice toward profit margin.
customers dont care about pips..they just want to see money.
Good call,I am short already will see.I am short 1.4582
  • #120,234
  • Feb 13, 2009 4:26am Feb 13, 2009 4:26am
jammerjams :
congrats on the gains mate
But customers? Damn that's nice. Can't do that here in my country, it sucks.
4550 seems to be holding well as expected. No man's land atm, couldn't call it either way.
Thank You
  • #120,235
  • Feb 13, 2009 4:29am Feb 13, 2009 4:29am
My second target is hit ! Now I am waiting for next H4 open/close another 1.5 hrs on US session opening to make anoher entry. Hold above 1.4599 will go more up 1.47xx, below 1.4549 will go down but no more than DP 1.4278 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #120,236
  • Feb 13, 2009 4:35am Feb 13, 2009 4:35am
Dont count your chickens just yet..

there is no real sign that its done long..we have no signal other then a desire and 50% retracement.

this is the pound we are talkking about. anything can happen.
let it drop below its current hourly Inner Trend..then go short..but for now..let it play itself out.

if it rises..then we have a nice look at the 61.8% level..then reconsider..
Attached Image
  • #120,237
  • Feb 13, 2009 4:39am Feb 13, 2009 4:39am
Quoting manize
My second target is hit ! Now I am waiting for next H4 open/close another 1.5 hrs on US session opening to make anoher entry. Hold above 1.4599 will go more up 1.47xx, below 1.4549 will go down but no more than DP 1.4278 !
I agree with manize..take your longs..and tighten the SL or close them.
my recommendation if you have lots of pips already..then tighten the SL.
Set your SL just below the inner trendline

let the 4hr candle play itself out..and watch the trend breech..or bounce upward..will see..
  • #120,238
  • Feb 13, 2009 4:46am Feb 13, 2009 4:46am
Quoting sofia101
Good call,I am short already will see.I am short 1.4582
Hi,

and what is the rule for your exit for this shorts?
  • #120,239
  • Feb 13, 2009 4:47am Feb 13, 2009 4:47am
Quoting sofia101
Good call,I am short already will see.I am short 1.4582
Well I am still short moved my stop loss
  • #120,240
  • Feb 13, 2009 4:48am Feb 13, 2009 4:48am
anyone waiting to sell?
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