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Cable Update (GBPUSD)

  • #128,101
  • Mar 26, 2009 3:49am Mar 26, 2009 3:49am
Something to pass this range bound consolidation.....
Attached Image
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,102
  • Mar 26, 2009 3:51am Mar 26, 2009 3:51am
Quoting Abuawad
Back in Business.
Lets STOP talking about anything else Cable trend , chart and news here about trading.
agree.......

Happy trading for you all.
Agreed! Your valued input is most welcome.
  • #128,103
  • Mar 26, 2009 4:07am Mar 26, 2009 4:07am
Quoting PipLand
MOrning guys,

I see a lot of resistance at 4620 so im short from there, we are close to a trendline i expect that to be broken its around the 4550 level currently. A break would trigger some stops and hopefully excellerate this down further.

I Agree with the bearish bias for today and the daily bearish engulfing. My candle closed bearish ungulfing as well last night
I miss the chance !!!!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #128,104
  • Mar 26, 2009 4:17am Mar 26, 2009 4:17am
buy above 4570 or sell below 1.4730

just my idea
  • #128,105
  • Mar 26, 2009 4:33am Mar 26, 2009 4:33am
Quoting manize
I miss the chance !!!!
Sorry man, you'll get it next time. If its any consolation i pulled out before the news with partial profit as i didnt want to risk.
  • #128,106
  • Mar 26, 2009 4:36am Mar 26, 2009 4:36am
hi guys

question on news trading, with what broker will I be able to catch G/U 50pips drop like just now?

will mbtf work??

or I need to get 1st hand news source? will look at ff frontpage data fast enough?

thanks
  • #128,107
  • Mar 26, 2009 4:43am Mar 26, 2009 4:43am
im long at 575! i think upside visit may still happen
  • #128,108
  • Mar 26, 2009 4:43am Mar 26, 2009 4:43am
Quoting smartalicus
Patience, I guess.... this is the first day in the last month I've noticed such bickering nonsense.

Apparently, though our treasury auction today was stronger than that of the UK, there was not as much demand as had been desired. Bid to cover involved 2$ for each 1$ offered. And the UK auction for its bonds was not even 1$ for each 1$. Not sure how this will affect the pair short term.

Thoughts?
Hello Smartalicus,

Welcome! Good to see you posting here.

The failure of the bid/cover ratio is of definite concern for the UK economic outlook and also for the value of sterling, particularly if there is a repeat of yesterday's shortfall of buyers at the next gilt auctions.

This shows how concerned investors have become regarding the fast deteriorating state of the UK's public finances, which look set to worsen markedly in the next few years, due to falling tax receipts, increased government spending and a higher social security bill.

Indeed, it now appears that Gordon Brown has backed away from his previous stance of announcing a big stimulus package at the next budget in April. There were growing tensions between Mr Brown, who favoured an aggressive fiscal expansionary policy, and Mervyn King, Alistair Darling and the Treasury on the other side, all of whom believed the UK's public finances could not support such a Keynesian approach.

With the failure of yesterday's auction, which may still turn out to be a technical one-off, the government now has to demonstrate a fiscal responsible approach to the market, with clearer plans as to how and when the ballooning deficits will be rreduced. Otherwise, we could see investors starting to offload sterling denominated assets, thereby exerting downward pressure on sterling, creating higher higher inflation with steeper market interest rates, all at the worst possible time.

However, with regards to trading decisions, I think it is too early to base any strategies against yesterday's news event.

Best regards, Paul
  • #128,109
  • Mar 26, 2009 4:47am Mar 26, 2009 4:47am
damn i missed 30 minutes
  • #128,110
  • Mar 26, 2009 4:48am Mar 26, 2009 4:48am
i don't know what happen next..it seen go downtrend,after international lost confident with sterling...after inflation data...

http://www.forexfactory.com/images/icons/icon9.gifhttp://www.forexfactory.com/images/icons/icon9.gif
  • #128,111
  • Mar 26, 2009 4:49am Mar 26, 2009 4:49am
Quoting mr.m
im long at 575! i think upside visit may still happen
Gonna be hard for cable to climb with Retail Sales m/m -1.9. Fundamentals and technicals align nicely....
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 139 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,112
  • Mar 26, 2009 4:59am Mar 26, 2009 4:59am
Quoting billye
hi guys

question on news trading, with what broker will I be able to catch G/U 50pips drop like just now?

will mbtf work??

or I need to get 1st hand news source? will look at ff frontpage data fast enough?

thanks
www.marketiva .com....broker in USA..they are good at that
  • #128,113
  • Mar 26, 2009 5:02am Mar 26, 2009 5:02am
Hey Bull-bear,
How are you? Wanted to post VT charts in this thread , got your version of the VT charts. Could you please tell how you save the VT charts?

I have asked a friend he told me to follow below steps, but I don't have rint screen button"I have print active charts(print preview, setups & page set up)

1. Open and select the VT chart, then press ALT+Print Screen.--Press just PrintScreen, no ALT

2. Go to Microsoft Paint and press Ctrl+V to paste it there.--


Could you tell how you save charts?

Thank you so much in advance, sorry for bothering you


Quoting Bull_Bear
Gonna be hard for cable to climb with Retail Sales m/m -1.9. Fundamentals and technicals align nicely....
BANDA333
  • #128,114
  • Mar 26, 2009 5:06am Mar 26, 2009 5:06am
Quoting Bull_Bear
Gonna be hard for cable to climb with Retail Sales m/m -1.9. Fundamentals and technicals align nicely....
sorry , your chart is a lil bit messy
  • #128,115
  • Mar 26, 2009 5:10am Mar 26, 2009 5:10am
Quoting Bull_Bear
Gonna be hard for cable to climb with Retail Sales m/m -1.9. Fundamentals and technicals align nicely....
my reason is somewhat this:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp12.gif Size: 51 KB
  • #128,116
  • Mar 26, 2009 5:13am Mar 26, 2009 5:13am
thanks, their platform don't work with a proxy I've got to go through.

any one using ecn like mbt-f nav or interactive brokers to trade GBP news?

does it work well with news announcements? do you use limit or market order to open position?

Quoting alfamichi
www.marketiva .com....broker in USA..they are good at that
  • #128,117
  • Mar 26, 2009 5:16am Mar 26, 2009 5:16am
Quoting BANDA
Hey Bull-bear,
How are you? Wanted to post VT charts in this thread , got your version of the VT charts. Could you please tell how you save the VT charts?

I have asked a friend he told me to follow below steps, but I don't have rint screen button"I have print active charts(print preview, setups & page set up)

1. Open and select the VT chart, then press ALT+Print Screen.--Press just PrintScreen, no ALT

[color=black][font=Verdana]2. Go to Microsoft Paint and press Ctrl+V to paste...
Banda,

If you don't have print screen button on your keyboard, I'm not sure how else you can save and post charts on the forum. Maybe someone else on this forum can suggest? As for your steps, they look correct.

If u want to save your charts in VT select, environment and save
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,118
  • Mar 26, 2009 5:18am Mar 26, 2009 5:18am
Hey buddy thank you very much. I was wrong with one step. I hope now things will work thank you .....


Quoting Bull_Bear
Banda,

If you don't have print screen button on your keyboard, I'm not sure how else you can save and post charts on the forum. Maybe someone else on this forum can suggest? As for your steps, they look correct.

If u want to save your charts in VT select, environment and save
BANDA333
  • #128,119
  • Mar 26, 2009 5:21am Mar 26, 2009 5:21am
Quoting uut
sorry , your chart is a lil bit messy
Yeah its a little messy but its pre-program indicators and rules built into a system generating signals. Not holy grail but serves me well.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #128,120
  • Mar 26, 2009 5:22am Mar 26, 2009 5:22am
Quoting Bull_Bear
Banda,

If you don't have print screen button on your keyboard, I'm not sure how else you can save and post charts on the forum. Maybe someone else on this forum can suggest? As for your steps, they look correct.

If u want to save your charts in VT select, environment and save

print screen button on your keyboard should be on the top row - right side
of your keyboard
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