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Cable Update (GBPUSD)

  • #123,241
  • Feb 25, 2009 2:48am Feb 25, 2009 2:48am
After a quick scalp for 30 pips lol,I will wait for 1.4660-80 area to make my mind
  • #123,242
  • Edited 3:11am Feb 25, 2009 2:54am | Edited 3:11am
Quoting Cultured
Manize, dude, that's some seriously crazy chart work. Jackson Pollock has nothing on you!
I did what Master Abuawad teached us. Believe or not the fibo fan nest is working properly to make an entry at least for scalp around + 20 pips ! But becarefull if already 3 times rebounce at the same line on M15 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,243
  • Feb 25, 2009 2:57am Feb 25, 2009 2:57am
Quoting malcolmb14
ok this move looking good .... lets see if this is not just one of those impulsive up moves.... and that 1.4700 ish can be hit
About 1.4660 and you buy me a donut,LOL and cofee too
  • #123,244
  • Feb 25, 2009 3:01am Feb 25, 2009 3:01am
Just a few words on a coming news release from Britain:
There were no positive number since 10/2007
Then, any deviation of .3 or higher should have a significant impact at least short term(imho 100 pips)
If the numbers are the same imho - positive
Also the gbp/usd is close to daily 50ema and if the number is positive, then this is a perfect chance for pros to gap up over it, the way to get rid from sellers.
  • #123,245
  • Feb 25, 2009 3:06am Feb 25, 2009 3:06am
Quoting manize
Yes, where insect goes rather clear now after M30 broken the LH fibo fan ( blue line). Highly possible up until the next res fibo line. I might be wrong but at least I've got +20 pips when short after she goes up around that level.
H1 closed below res line LH, back to the unkown area again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #123,246
  • Feb 25, 2009 3:07am Feb 25, 2009 3:07am
Quoting pipsbull
Just a few words on a coming news release from Britain:
There were no positive number since 10/2007
Then, any deviation of .3 or higher should have a significant impact at least short term(imho 100 pips)
If the numbers are the same imho - positive
Also the gbp/usd is close to daily 50ema and if the number is positive, then this is a perfect chance for pros to gap up over it, the way to get rid from sellers.
That's why I am waiting ,r2 is 1.4679 we already broke r1 let's see if it will have enough momentum to go to r3 1.4770
  • #123,247
  • Feb 25, 2009 3:09am Feb 25, 2009 3:09am
4600 again. This is getting boring LOL
Thank You
  • #123,248
  • Feb 25, 2009 3:09am Feb 25, 2009 3:09am
I'm just going to put this out there for any U.K.-based traders who (like me) find it difficult to trade alone.

I am based in Windsor and am willing to provide broadband/coffee and share ideas if anyone wants to meet up and trade together, mainly on Cable during the U.K. AM session. Current work commitments would mean it would have to be every other week, but we could try it next week if anybody is interested.

I am not sad and lonely, I just think my trading would benefit from somebody to exchange ideas with.

If anybody is interested, send me a private message. Alternatively, if anybody knows of a Forex trading club locally, please let me know.

Cheers,

Mark
  • #123,249
  • Feb 25, 2009 3:26am Feb 25, 2009 3:26am
Up to 1.48 now Gbp GDP is not as bad as forecast
Give me patience
  • #123,250
  • Feb 25, 2009 3:31am Feb 25, 2009 3:31am
good news...
  • #123,251
  • Feb 25, 2009 3:31am Feb 25, 2009 3:31am
Quoting pipsbull
Just a few words on a coming news release from Britain:
There were no positive number since 10/2007
Then, any deviation of .3 or higher should have a significant impact at least short term(imho 100 pips)
If the numbers are the same imho - positive
Also the gbp/usd is close to daily 50ema and if the number is positive, then this is a perfect chance for pros to gap up over it, the way to get rid from sellers.
Better then expected. I don't see a reason for pound to fall yet. But sure there is a resistance - 1,46
  • #123,252
  • Feb 25, 2009 3:33am Feb 25, 2009 3:33am
almost no reaction
  • #123,253
  • Feb 25, 2009 3:37am Feb 25, 2009 3:37am
any idea right now?
  • #123,254
  • Feb 25, 2009 3:37am Feb 25, 2009 3:37am
Quoting laromanell
almost no reaction
I see bull flag on 5min, when broken 100 pip should come fast
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 140 KB
  • #123,255
  • Feb 25, 2009 3:37am Feb 25, 2009 3:37am
my speculation today will be to buy from 1.4493..or to sell @ 1.4660...hope that will be a good idea?
  • #123,256
  • Feb 25, 2009 3:38am Feb 25, 2009 3:38am
Not much movement since little change in actual only +0.1%
  • #123,257
  • Feb 25, 2009 3:38am Feb 25, 2009 3:38am
I still favour up but with a 1h close underneath r1 nothing has been determined yet. Ridiculously spiky at the moment
  • #123,258
  • Feb 25, 2009 3:40am Feb 25, 2009 3:40am
hmmmm .. so where's the drop?
Thank You
  • #123,259
  • Feb 25, 2009 3:44am Feb 25, 2009 3:44am
Quoting sofia101
That's why I am waiting ,r2 is 1.4679 we already broke r1 let's see if it will have enough momentum to go to r3 1.4770
I have been waiting as well...

we are in neutral zone..and very questionable..let it go above 1.4680 level to be sure..otherwise a nice test below is very possible
  • #123,260
  • Feb 25, 2009 3:45am Feb 25, 2009 3:45am
Quoting alfamichi
my speculation today will be to buy from 1.4493..or to sell @ 1.4660...hope that will be a good idea?
even this is very possible
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