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Cable Update (GBPUSD)

  • #123,601
  • Feb 26, 2009 2:46am Feb 26, 2009 2:46am
Quoting Myman
If this time it does not break 1.4161 then I'll decide to go long
It will break. Just a matter of time methinks.
Thank You
  • #123,602
  • Feb 26, 2009 2:59am Feb 26, 2009 2:59am
Quoting Myman
If this time it does not break 1.4161 then I'll decide to go long
gOOD morning all,
Myman, am considering long too. Just waiting for the close of the candle. Wish all goin North the best.
  • #123,603
  • Feb 26, 2009 3:05am Feb 26, 2009 3:05am
Good morning all...


0901 GMT [Dow Jones] GBP/USD slipped below 1.42 overnight, and does not appear to be in a position to draw strength from a bank-led bounce in equities on the back of the RBS results, says Kenneth Broux at Lloyds Banking Group. Adds Bank of England governor Mervyn King tops the agenda Thursday, and his comments to the Treasury Select Committee could be market moving for sterling and gilts as the markets look for comments about quantitative easing and clues ahead of next week's monetary policy committee meeting. GBP/USD edges up to 1.4249. (MEX)
  • #123,604
  • Feb 26, 2009 3:07am Feb 26, 2009 3:07am
gammase : good morning. I hope that news goes hand in hand with the techs this time & dive
Have a good one mate.
Thank You
  • #123,605
  • Feb 26, 2009 3:08am Feb 26, 2009 3:08am
all i see is that we are in a range...
and if you are trading within the range..to short it or long it inward..you are ok..

but if you intend to get the low and go short..or find the high and go long..it will suck you back in.


be careful..
  • #123,606
  • Feb 26, 2009 3:11am Feb 26, 2009 3:11am
Quoting wormboy
gammase : good morning. I hope that news goes hand in hand with the techs this time & dive
Have a good one mate.
Hahaha.... Nice one, wormboy. I won't bother asking if your bias is long or short! Best of luck.
  • #123,607
  • Feb 26, 2009 3:13am Feb 26, 2009 3:13am
Gammase, what data feed are you using?

Quoting gammase1
Good morning all...


0901 GMT [Dow Jones] GBP/USD slipped below 1.42 overnight, and does not appear to be in a position to draw strength from a bank-led bounce in equities on the back of the RBS results, says Kenneth Broux at Lloyds Banking Group. Adds Bank of England governor Mervyn King tops the agenda Thursday, and his comments to the Treasury Select Committee could be market moving for sterling and gilts as the markets look for comments about quantitative easing and clues ahead of next week's monetary policy committee meeting. GBP/USD...
Ride the Bulls bearback!
  • #123,608
  • Feb 26, 2009 3:19am Feb 26, 2009 3:19am
Quoting alcando
Gammase, what data feed are you using?
Morning Al,

It's the Dow Jones newsfeed from the Cantor Index platform. In addition, they also provide a feed from Sky News (both part of Murdoch's empire), which means you can keep up to date with the Jade Goody story, while you're trading!
  • #123,609
  • Feb 26, 2009 3:20am Feb 26, 2009 3:20am
Quoting JammerJams
all i see is that we are in a range...
and if you are trading within the range..to short it or long it inward..you are ok..

but if you intend to get the low and go short..or find the high and go long..it will suck you back in.


be careful..
TRUELY one has to bcarefull but i think its too early to point out a range, though there is a sign of that!
  • #123,610
  • Feb 26, 2009 3:24am Feb 26, 2009 3:24am
Quoting gammase1
Morning Al,

It's the Dow Jones newsfeed from the Cantor Index platform. In addition, they also provide a feed from Sky News (both part of Murdoch's empire), which means you can keep up to date with the Jade Goody story, while you're trading!

morning buddy..
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  • #123,611
  • Feb 26, 2009 3:28am Feb 26, 2009 3:28am
Quoting nAVIN2007
morning buddy..
Navin..now this is a good chart..
now we can see the vortex..and also the edges of the highs and lows..

good charting on this
  • #123,612
  • Feb 26, 2009 3:29am Feb 26, 2009 3:29am
Quoting gammase1
Hahaha.... Nice one, wormboy. I won't bother asking if your bias is long or short! Best of luck.
Lol, I'll give you a hint. One eye on 3900
Good luck to you too mate. I'm off jogging, catch you guys later!
Thank You
  • #123,613
  • Feb 26, 2009 3:29am Feb 26, 2009 3:29am
Quoting nAVIN2007
morning buddy..
Sweet chart Navin, thats exactly what im thinking
  • #123,614
  • Feb 26, 2009 3:38am Feb 26, 2009 3:38am
forget TA go with the banks think from their perspective
  • #123,615
  • Feb 26, 2009 3:41am Feb 26, 2009 3:41am
Good morning allThe next level is 1,4285-90 and down on 1H
  • #123,616
  • Feb 26, 2009 3:42am Feb 26, 2009 3:42am
Quoting PipLand
Sweet chart Navin, thats exactly what im thinking
ok so this is the way to go..i could have done chart like this ages ago but i never had faith in it as i thought it require a lot of user discretion....it certainly appear to be respected and tried it yesterday after a series of bad trades...and now im BACK!
  • #123,617
  • Feb 26, 2009 3:43am Feb 26, 2009 3:43am
Quoting JammerJams
Navin..now this is a good chart..
now we can see the vortex..and also the edges of the highs and lows..

good charting on this
thanks buddy- point noted
  • #123,618
  • Feb 26, 2009 3:45am Feb 26, 2009 3:45am
Quoting JammerJams
Navin..now this is a good chart..
now we can see the vortex..and also the edges of the highs and lows..

good charting on this
Does it means that it will go as high as 1.4313 and then drop?
  • #123,619
  • Feb 26, 2009 3:46am Feb 26, 2009 3:46am
here is my chart 1H
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  • #123,620
  • Feb 26, 2009 3:47am Feb 26, 2009 3:47am
30pips away from were i may wish to go short......1.4300
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