Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#129,061
Apr 7, 2009 5:27am Apr 7, 2009 5:27am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting John Lo

Disliked

i took long at 1.4682.. hiks... when it will be up.....

Ignored

The h&s neckline is now broken. Good luck.

Thank You

#129,062
Apr 7, 2009 5:31am Apr 7, 2009 5:31am

mohfaid
| Joined Nov 2008 | Status: Trader | 199 Posts

So dear,,,,Max target now is around 1.3340 Right ???

I think we will touch the uptrend line on the Daily chart at 1.3365 : 1.3380 Area

So do you see that from this level ( 1.3370 ) we will continue up again ???

Quoting wormboy

Disliked

The h&s neckline is now broken. Good luck.

Ignored

#129,063
Apr 7, 2009 5:33am Apr 7, 2009 5:33am

mohfaid
| Joined Nov 2008 | Status: Trader | 199 Posts

Sorry i mean 1.4370 and also 1.4340

#129,064
Apr 7, 2009 5:37am Apr 7, 2009 5:37am

wormboy
Joined Jan 2009 | Status: Not bothered. | 18,084 Posts

Quoting mohfaid

Disliked

So dear,,,,Max target now is around 1.3340 Right ???

I think we will touch the uptrend line on the Daily chart at 1.3365 : 1.3380 Area

So do you see that from this level ( 1.3370 ) we will continue up again ???

Ignored

This is my take on cable
http://www.forexfactory.com/showpost...&postcount=757

I don't usually count on where the trade will end up, but for the sake of identifying, the ltl across 44xx level should provide a reasonable support.
Just don't forget to lock your gains as you go and don't buck the trend, not worth it, unless you know what you're doing. Good luck

Thank You

#129,065
Apr 7, 2009 5:45am Apr 7, 2009 5:45am

sblank
| Joined Oct 2006 | Status: Trader | 305 Posts

Quoting uafx

Disliked

Somebody please explain:
good news (much better than forecast), but GBP is going south... something I don't know?

Actually I am short, so I like it, but not understand...

Ignored

Todays news is not the news of the week. The real news is coming tomorrow and Thursday. The market trades ahead of what really matters. Utilize the calender then back test on what really moves the market and how it reacts before. The pairs will tend to pre-position. You are better looking ahead abit following current price levels and looking at support and resistance levels. Follow the momentum. If you rely strictly what is on the days news you will likely miss the setups. For example GU lost momentum Sunday pm and Monday am. U have GU rate coming the rate is not important but what is said in the BOE statements. Aside from that more key economic data is coming from the US and London Wed and thurs.

#129,066
Apr 7, 2009 6:14am Apr 7, 2009 6:14am

uafx
| Joined Oct 2008 | Status: Trader | 224 Posts

Quoting sblank

Disliked

Todays news is not the news of the week. The real news is coming tomorrow and Thursday. The market trades ...

Ignored

thank you for the clarification, I usually try to avoid trading at news time, this time I got lucky...

#129,067
Apr 7, 2009 6:21am Apr 7, 2009 6:21am

KalaN
| Joined Jun 2008 | Status: Trader | 9 Posts

this thing Never lies !
http://www.fxstreet.com/technical/cu...spx?id=GBP/USD

Don't Forget the Golden Rule : F*** the Gold !

#129,068
Apr 7, 2009 6:29am Apr 7, 2009 6:29am

sblank
| Joined Oct 2006 | Status: Trader | 305 Posts

Quoting uafx

Disliked

thank you for the clarification, I usually try to avoid trading at news time, this time I got lucky...

Ignored

More position style of trading. i have a nine to five job and no ability to monitor all day. So i trade mainly 1hr to daily time frames. There are alot of talented people here at FF. Read the posts and more than one forum. The beauty of forex is you really can fit it to your lifestyle. If you can intra-day rock on...you can make some serious pips a little more risky and definately takes confidence and patience. Everyone one here will help.

#129,069
Apr 7, 2009 6:44am Apr 7, 2009 6:44am

Delboy1930
| Joined Mar 2009 | Status: Road to Heaven, Goes through Hell ! | 35 Posts

Quoting KalaN

Disliked

this thing Never lies !
http://www.fxstreet.com/technical/cu...spx?id=GBP/USD

Ignored

Thanks this looks very useful, im new to this.

#129,070
Apr 7, 2009 7:00am Apr 7, 2009 7:00am

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting Delboy1930

Disliked

Thanks this looks very useful, im new to this.

Ignored

its indicator market drives indicator not indicator drives market...market drive fundamentally and technically remember it

#129,071
Apr 7, 2009 7:03am Apr 7, 2009 7:03am

zapper
| Joined Aug 2008 | Status: Trader | 552 Posts

Quoting ubaidahsan

Disliked

its indicator market drives indicator not indicator drives market...market drive fundamentally and technically remember it

Ub

Ignored

lol... ya... when the price goes up again, it will say "Strongly Bullish". There`s always a lag.

#129,072
Apr 7, 2009 7:07am Apr 7, 2009 7:07am

ubaidahsan
| Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts

Quoting zapper

Disliked

lol... ya... when the price goes up again, it will say "Strongly Bullish". There`s always a lag.

Ignored

yap true but we can;t confirm until we can't see all newses and many other things like events and technical resistance & support. indicators just gives us idea to where to go but always we take our own decision and there is no guarantee for any trade

#129,073
Apr 7, 2009 7:12am Apr 7, 2009 7:12am

KalaN
| Joined Jun 2008 | Status: Trader | 9 Posts

Quoting zapper

Disliked

lol... ya... when the price goes up again, it will say "Strongly Bullish". There`s always a lag.

Ignored

So you Expect it to tell you what gonna happen right now ?! No! it's kinda helps you to decide what to do and what to not (in future). i know many well trained traders here that they use fx street charts for good and believe me it has a lot to discover. dont look at simple charts and numbers. there are a lot of things you can pull out of it!
" Dont Forget the Golden Rule: Fcuk the Gold!"

Don't Forget the Golden Rule : F*** the Gold !

#129,074
Apr 7, 2009 7:36am Apr 7, 2009 7:36am

errich fx
| Commercial User | Joined Mar 2009 | 778 Posts

already got 120 pips today

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#129,075
Apr 7, 2009 8:32am Apr 7, 2009 8:32am

EricB
| Joined Mar 2009 | Status: Trader | 326 Posts

Hi guys I have a theory. Fed has just agreed to currency swap with BoE etc. Which means they must have made some kind of promise not to devalue USD otherwise the deal would mess others up. But before the deal goes through theres a good chance that M King is going to unleash another set of QE before the deal goes through as UK economy has no more room to borrow but needs extra cash to deal with upcoming issues. Sorry for the short and not detailed note but if someone wants me to go into details on what upcoming issues A Darling needs money for then let me know. I think pound is going to go down first before the bull arrives.

#129,076
Apr 7, 2009 8:38am Apr 7, 2009 8:38am

free4440273
| Joined Jun 2007 | Status: Trader | 988 Posts

short 1.4715

#129,077
Apr 7, 2009 8:39am Apr 7, 2009 8:39am

zapper
| Joined Aug 2008 | Status: Trader | 552 Posts

Quoting EricB

Disliked

Hi guys I have a theory. Fed has just agreed to currency swap with BoE etc. Which means they must have made some kind of promise not to devalue USD otherwise the deal would mess others up. But before the deal goes through theres a good chance that M King is going to unleash another set of QE before the deal goes through as UK economy has no more room to borrow but needs extra cash to deal with upcoming issues. Sorry for the short and not detailed note but if someone wants me to go into details on what upcoming issues A Darling needs money for then...

Ignored

Thanks for the news!~