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Cable Update (GBPUSD)

  • #127,221
  • Mar 19, 2009 3:38am Mar 19, 2009 3:38am
Quoting liquidmoment
Possible double top forming on 1H chart.
aGREE with you, just wait the coming fall
Gold is Money but Money is not Gold
  • #127,222
  • Mar 19, 2009 3:48am Mar 19, 2009 3:48am
Quoting liquidmoment
Possible double top forming on 1H chart.
Can I see your Chart?
  • #127,223
  • Mar 19, 2009 3:52am Mar 19, 2009 3:52am
Quoting zamah
aGREE with you, just wait the coming fall
My thoughts are possible double top on EG could keep cable under bullish pressure
Attached Image (click to enlarge)
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  • #127,224
  • Mar 19, 2009 3:53am Mar 19, 2009 3:53am
"According to the IMF, the recession in U.K. could drag into 2010 even as other nations recover. Not only are more Britons losing their jobs, but those still with work are making less. Average earnings including bonuses fell from 2.0 percent to 1.8 percent. This may explain why the Bank of England chose to do more rather than less earlier this month when they cut interest rates to a record low and officially began Quantitative Easing. The decision was unanimous, suggesting that the central bank could open to further stimulus...."

What's next sirs? Where we go now ?
Give me patience
  • #127,225
  • Mar 19, 2009 4:08am Mar 19, 2009 4:08am
http://www.pagetutor.com/trillion/index.html
  • #127,226
  • Mar 19, 2009 4:18am Mar 19, 2009 4:18am
[/quote] What's next sirs? Where we go now ?[/quote]
Don't know where we go now. But still having a "Bear" in mine mind. And believe GU will be "=" EU in sometime later.
The market is always right, but it is not never wrong!!!
  • #127,227
  • Mar 19, 2009 4:42am Mar 19, 2009 4:42am
The last 2 4hrs look bullish, we might make it up to the trendline?

Any thoughts?
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  • #127,228
  • Mar 19, 2009 4:45am Mar 19, 2009 4:45am
Quoting biax
Can I see your Chart?
I did say possible Double top
Attached Image
  • #127,229
  • Mar 19, 2009 4:50am Mar 19, 2009 4:50am
Quoting PipLand
The last 2 4hrs look bullish, we might make it up to the trendline?

Any thoughts?
Pip, afternoon mate.
Looks like a bearish belt hold to me. Short here. Here's what I have.
Cheers mate. Good luck
Attached Image (click to enlarge)
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Thank You
  • #127,230
  • Mar 19, 2009 4:51am Mar 19, 2009 4:51am
And after that man,,,going down again

GBP is down in front all the currencies espect the USD and we was on our way down yesterday, but the fucking FED .......

Will Technical get over fundmentals Man???

What do u see for short and long term ?



Quoting PipLand
The last 2 4hrs look bullish, we might make it up to the trendline?

Any thoughts?
  • #127,231
  • Mar 19, 2009 4:55am Mar 19, 2009 4:55am
Try to mind the language faid. We have enough nonsense already. Please hold back the colour commentary
Cheers.
Thank You
  • #127,232
  • Mar 19, 2009 5:00am Mar 19, 2009 5:00am
Ok man

So what is your view for the Cable now ?



Quoting wormboy
Try to mind the language faid. We have enough nonsense already. Please hold back the colour commentary
Cheers.
  • #127,233
  • Mar 19, 2009 5:04am Mar 19, 2009 5:04am
Quoting mohfaid
And after that man,,,going down again

GBP is down in front all the currencies espect the USD and we was on our way down yesterday, but the fucking FED .......

Will Technical get over fundmentals Man???

What do u see for short and long term ?
Yeah but look the BOE started quantative easing, then the SNB now the FED.

Whos next? were all in the same boat is how i see and with the $ losing its safe haven value then im looking to go against it.

Same 2 bullish 4 hrs on EU as well.

These are just my thoughts im not in a trade yet
  • #127,234
  • Mar 19, 2009 5:04am Mar 19, 2009 5:04am
Quoting mohfaid
Ok man

So what is your view for the Cable now ?
Nice one
It's on page 8482 post #127229.
Thank You
  • #127,235
  • Mar 19, 2009 5:04am Mar 19, 2009 5:04am
I'm one of the victim due to FOMC news yesterday... All position hit my SL (100pips each )and closed with lost. But I always anticipate with that kind of movement and put my max risk at 20%. I'm lost but consider saved..:-).

Looks like today movement heading to north.. Let see during US open.

Be carefull with yr money management friends. I do always trade 2 to 5% of my equity.
  • #127,236
  • Mar 19, 2009 5:05am Mar 19, 2009 5:05am
Quoting mohfaid
Ok man

So what is your view for the Cable now ?

Dollar getting POUNDED !
A Candle loses nothing by lighting another
  • #127,237
  • Mar 19, 2009 5:06am Mar 19, 2009 5:06am
sell @ 4286 let see!!!

Ub
  • #127,238
  • Mar 19, 2009 5:09am Mar 19, 2009 5:09am
Quoting wormboy
Pip, afternoon mate.
Looks like a bearish belt hold to me. Short here. Here's what I have.
Cheers mate. Good luck
Morning Wormboy! Hows it going?

Yeah im not 100% sold on going long from these levels I would love to see some retracement and a nice bullish signal to show up to go long form there but im probably asking too much lol
  • #127,239
  • Mar 19, 2009 5:09am Mar 19, 2009 5:09am
Quoting auracash
I'm one of the victim due to FOMC news yesterday... All position hit my SL (100pips each )and closed with lost. But I always anticipate with that kind of movement and put my max risk at 20%. I'm lost but consider saved..:-).

Looks like today movement heading to north.. Let see during US open.

Be carefull with yr money management friends. I do always trade 2 to 5% of my equity.
Count me in that list buddy. I wonder after all the chart scanning, trend lines, pivots, fibs, mov avgs.........the final blow is from a news ! As a newbie this makes me think why all these technicals fail against the fundamental.
A Candle loses nothing by lighting another
  • #127,240
  • Mar 19, 2009 5:13am Mar 19, 2009 5:13am
im long now 4300 lets see what happens im keeping a tight leash on this
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