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Cable Update (GBPUSD)

  • #127,441
  • Mar 20, 2009 4:47am Mar 20, 2009 4:47am
Quoting copi88
Yes, waiting for it to break above 1.4588 and come back to do a retest before I get in again.

I havent seen the currency go this flat during the London session for a long time. Have a look at the 1 min. Quite interesting.
cool that should work out well. Its probably the calm before the storm lol
  • #127,442
  • Mar 20, 2009 4:48am Mar 20, 2009 4:48am
bullish signal.. does that also known as bullish flag..

sorry..im new..still hv a lot to learn...

and also.. i watch bloomberg and they say US will open lower today as they are still adapting to Fed's move. Is this add to the reason that cable going to go up...

thanks.
  • #127,443
  • Mar 20, 2009 4:55am Mar 20, 2009 4:55am
Quoting Bell
bullish signal.. does that also known as bullish flag..

sorry..im new..still hv a lot to learn...

and also.. i watch bloomberg and they say US will open lower today as they are still adapting to Fed's move. Is this add to the reason that cable going to go up...

thanks.

Nothing to be sorry for everyones here to learn including myself.

Theres lots of different bullish signals contained in that chart, not all on the same timeframes either. I would suggest checking out www.babypips.com if your really new to forex.

As with the stocks opening lower effecting cable then yes this used to be the case as the dollar was the defacto safe haven currency but i think its status has been brought into question by the fed as they will be devaluing the currency via quantative easing. So I dont think anyone knows what the effects on the dollar will be if stocks are down.
  • #127,444
  • Mar 20, 2009 4:56am Mar 20, 2009 4:56am
Quoting PipLand
Nothing to be sorry for everyones here to learn including myself.

Theres lots of different bullish signals contained in that chart, not all on the same timeframes either. I would suggest checking out www.babypips.com if your really new to forex.

As with the stocks opening lower effecting cable then yes this used to be the case as the dollar was the defacto safe haven currency but i think its status has been brought into question by the fed as they will be devaluing the currency via quantative easing. So...
forgot to say there is a bull flag in that chart and that is one type of bullish signal
  • #127,445
  • Mar 20, 2009 5:04am Mar 20, 2009 5:04am
The last 1 hour also closed bullish candle
  • #127,446
  • Mar 20, 2009 5:24am Mar 20, 2009 5:24am
CABLE: Drops back below $1.4500 as euro-dollar also..
CABLE: Drops back below $1.4500 as euro-dollar also moves lower, with traders seeing little in the way of demand now ahead of the day's lows in the $1.4430 area. Some light stops come in below, with further demand coming in on approach to $1.4400. Topside sees offers in the $1.4600/10 area with stops above.
Boxing clever since 76.
  • #127,447
  • Mar 20, 2009 5:28am Mar 20, 2009 5:28am
Quoting copi88
CABLE: Drops back below $1.4500 as euro-dollar also..
CABLE: Drops back below $1.4500 as euro-dollar also moves lower, with traders seeing little in the way of demand now ahead of the day's lows in the $1.4430 area. Some light stops come in below, with further demand coming in on approach to $1.4400. Topside sees offers in the $1.4600/10 area with stops above.
thanks for the post but what source was that from?
  • #127,448
  • Mar 20, 2009 5:32am Mar 20, 2009 5:32am
Quoting PipLand
thanks for the post but what source was that from?
Hi Pipland

Its from the Dukascopy news feed I get.

C
Boxing clever since 76.
  • #127,449
  • Mar 20, 2009 5:43am Mar 20, 2009 5:43am
Quoting copi88
Hi Pipland

Its from the Dukascopy news feed I get.

C
cool cheers!
  • #127,450
  • Mar 20, 2009 5:51am Mar 20, 2009 5:51am
Looks like this is profit taking before the weekend after the last couple of days bull rally.
Also triple options expiry day today......
Boxing clever since 76.
  • #127,451
  • Mar 20, 2009 5:58am Mar 20, 2009 5:58am
Quoting copi88
Looks like this is profit taking before the weekend after the last couple of days bull rally.
Also triple options expiry day today......
yeah your news was pretty accurate by the looks of it
  • #127,452
  • Mar 20, 2009 6:01am Mar 20, 2009 6:01am
Quoting copi88
Looks like this is profit taking before the weekend after the last couple of days bull rally.
Also triple options expiry day today......
yeah looking across the dollar pairs it does look like profit taking now. I guess thats why they say never trade on fridays! i'll probably take my profit before the weekend too if i get the chance
  • #127,453
  • Mar 20, 2009 6:19am Mar 20, 2009 6:19am
Quoting PipLand
yeah looking across the dollar pairs it does look like profit taking now. I guess thats why they say never trade on fridays! i'll probably take my profit before the weekend too if i get the chance
I closed out my long at 1.4582 this morning which was a couple of pips lower than yesterdays high. Lucky this time round

I like to look at the charts on a one/two minute timeframe before I enter and exit and the pattern it made as it approached the high suggested it would not break though.
Boxing clever since 76.
  • #127,454
  • Mar 20, 2009 6:22am Mar 20, 2009 6:22am
Quoting PipLand
yeah looking across the dollar pairs it does look like profit taking now. I guess thats why they say never trade on fridays! i'll probably take my profit before the weekend too if i get the chance
As I said earlier was then looking for it to break above the high and retest before going long again, but interest comply died in the market and should have known then there would have been profit taking when there was no renewed buying.

Will wait now for the US open to see what happens next.
Boxing clever since 76.
  • #127,455
  • Mar 20, 2009 6:25am Mar 20, 2009 6:25am
Hey all,

anyone else think a small trip back up? Bounced off my fibs beautifully
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1hour chart.gif Size: 83 KB
Pipmeister Extraodinaire
  • #127,456
  • Mar 20, 2009 6:27am Mar 20, 2009 6:27am
There have been many many traders that have come and gone over the years in various forums

many came and could analysis the market like no-one else BUT could NOT TRADE

some could trade but analysis was beyond them.

some came in and said they could trade but it was all demo trading......NOT THE SAME AS LIVE

anyone can trade demo with profit

where does this ABU fit in, dont matter, he lost another mans money with foolish mistakes a rookie would have made and from the sounds of it he is not use to live trading..........emotions got to him, simple really

so step off the abu band wagon and look at the facts folks...........he screwed up so stop the butt kissing

can he analysis? guess so

can he trade? no proof he can from a LIVE account and THAT is all that matters
Don't chase the market, Let the market come to you
  • #127,457
  • Mar 20, 2009 6:28am Mar 20, 2009 6:28am
LEARN TO TRADE
Don't chase the market, Let the market come to you
  • #127,458
  • Mar 20, 2009 6:36am Mar 20, 2009 6:36am
Quoting Tmac
There have been many many traders that have come and gone over the years in various forums

many came and could analysis the market like no-one else BUT could NOT TRADE

some could trade but analysis was beyond them.

some came in and said they could trade but it was all demo trading......NOT THE SAME AS LIVE

anyone can trade demo with profit

where does this ABU fit in, dont matter, he lost another mans money with foolish mistakes a rookie would have made and from the sounds of it he is not use to live trading..........emotions got...
AMEN!!
Durn the torpedos, full speed ahead
  • #127,459
  • Mar 20, 2009 6:42am Mar 20, 2009 6:42am
Quoting jglouw22
Hey all,

anyone else think a small trip back up? Bounced off my fibs beautifully

Perhaps not just yet lol!!
Pipmeister Extraodinaire
  • #127,460
  • Mar 20, 2009 6:42am Mar 20, 2009 6:42am
A nice horny beast pattern forming on cable yet again...
Ride the Bulls bearback!
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