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Cable Update (GBPUSD)

  • #129,141
  • Apr 8, 2009 12:57am Apr 8, 2009 12:57am
Quoting zamah
U should be kidding

Not kidding at all, have you read the news of late. Nationwide Consumer Confidence was lower than expected and worse than last month. The UK is broke and can't afford to offer more stimulous unless it borrows from the IMF.

The GBP has tried 3 times now to break 1.50 and failed so just give up on false hopes until 2010.
  • #129,142
  • Apr 8, 2009 12:59am Apr 8, 2009 12:59am
first trgt 1.4597 seond if break support will go to 1.44 or 1.43
be patient, self-belief and discipline... stay focus...
  • #129,143
  • Apr 8, 2009 1:04am Apr 8, 2009 1:04am
Quoting radit27
first trgt 1.4597 seond if break support will go to 1.44 or 1.43

AGREE, I am Short from 1.4699 and 1st Target is S1 @ 1.4578, 2nd Target is S2 @ 1.4480.
  • #129,144
  • Apr 8, 2009 1:07am Apr 8, 2009 1:07am
Quoting thirtypips
AGREE, I am Short from 1.4699 and 1st Target is S1 @ 1.4578, 2nd Target is S2 @ 1.4480.

German trade balance data had no effect... im short here (4680), with target of 4598... good enough for short term... dont care to wait for the retraces... but the direx feels down this week. although its not diving if the "pricing in" phenomenon is assumed to be in place at any given time....
  • #129,145
  • Apr 8, 2009 1:09am Apr 8, 2009 1:09am
Quoting smartalicus
German trade balance data had no effect... im short here (4680), with target of 4598... good enough for short term... dont care to wait for the retraces... but the direx feels down this week. although its not diving if the "pricing in" phenomenon is assumed to be in place at any given time....

The FOMC Meeting Minutes out in the USA tonight at 7pm Lon time could change things but for now, I am sitting on my Sell.
  • #129,146
  • Apr 8, 2009 1:58am Apr 8, 2009 1:58am
I`m not giving up. What we see here might just be the beginning of a major long move... expecting a +ve close today. I`m not trading against day`s trend... but just along the longer term.
  • #129,147
  • Apr 8, 2009 2:00am Apr 8, 2009 2:00am
Quoting thirtypips
The FOMC Meeting Minutes out in the USA tonight at 7pm Lon time could change things but for now, I am sitting on my Sell.
This old man, he played one
He played knick-knack on my thumb
With a knick-knack paddywhack, give a dog a bone
This old man came rolling home

When life gives you lemons, make lemonade
  • #129,148
  • Apr 8, 2009 2:00am Apr 8, 2009 2:00am
Someone pour millions trade here? Cable has just jump more than 20 pips just in a second.
Manage your risk accordingly and you're half done your home work.
  • #129,149
  • Apr 8, 2009 2:03am Apr 8, 2009 2:03am
Quoting personalme
Someone pour millions trade here? Cable has just jump more than 20 pips just in a second.
oops... sorry. I just bought a few yards of sterling
  • #129,150
  • Apr 8, 2009 2:07am Apr 8, 2009 2:07am
hope these help
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd040809-1.gif Size: 18 KB
Click to Enlarge Name: gbpusd040809-2.gif Size: 22 KB
Click to Enlarge Name: gbpusd040809-3.gif Size: 27 KB
Click to Enlarge Name: gbpusd040809-4.gif Size: 27 KB
Click to Enlarge Name: gbpusd040809-5.gif Size: 31 KB
Attached File(s)
File Type: tpl gbpusd040809.tpl   8 KB | 228 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #129,151
  • Apr 8, 2009 2:10am Apr 8, 2009 2:10am
cable gonna go zigzag up and down then finally touch 1.4546 hopefullyyyyy

This old man, he played two
He played knick-knack on my shoe
With a knick-knack paddywhack, give a dog a bone
This old man came rolling home
When life gives you lemons, make lemonade
  • #129,152
  • Apr 8, 2009 2:17am Apr 8, 2009 2:17am
Quoting micho
cable gonna go zigzag up and down then finally touch 1.4546 hopefullyyyyy
No. Don't hear his pray. Down more more and morrre.... 1.4500

Manage your risk accordingly and you're half done your home work.
  • #129,153
  • Apr 8, 2009 2:18am Apr 8, 2009 2:18am
Quoting personalme
Someone pour millions trade here? Cable has just jump more than 20 pips just in a second.

elle fait cela souvent…. rencontrez sa connaissance aujourd'hui!!!!!!!!!!!
  • #129,154
  • Apr 8, 2009 2:20am Apr 8, 2009 2:20am
up over 1.475
  • #129,155
  • Apr 8, 2009 2:21am Apr 8, 2009 2:21am
Possible? Higher low after a series of lower lows...
Attached Image (click to enlarge)
Click to Enlarge Name: GUSups.JPG Size: 36 KB
  • #129,156
  • Apr 8, 2009 2:25am Apr 8, 2009 2:25am
http://www.mataf.net/section/devises...ges/gbpusd.png
GBP/USD - British Pound Dollar

Short term (Intraday)

1,4682. There is an horizontal range between 1,4640 and 1,4780. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands.


site..mataf.net
  • #129,157
  • Apr 8, 2009 2:32am Apr 8, 2009 2:32am
It will drop if people stop buying. We should all agree to Sell and then next Monday, all agree to Buy. I think this is called price fixing.

Really, looking at the GBPJPY, I think there are buyers over there and with the USDJPY dropping, it is causing the GBPUSD to slow down in its decent until the GBPJPY boys also give up and just let it drop.
  • #129,158
  • Apr 8, 2009 2:38am Apr 8, 2009 2:38am
Quoting personalme
No. Don't hear his pray. Down more more and morrre.... 1.4500

I DONT SAY 1.4546 IS JUST IT, I SAY MY TARGET IS 1.4546... I EXPECT A LARGE BOUNCE THERE AND TREND DOWN MIGHT BE OVER BUT MAYBE IT WILL CONTINUE DOWN LATER... NOTHING CAN KNOW WHATS GONNA HAPPEN BUT WE CAN SAY OUR OPINION
When life gives you lemons, make lemonade
  • #129,159
  • Apr 8, 2009 2:39am Apr 8, 2009 2:39am
Quoting thirtypips
It will drop if people stop buying. We should all agree to Sell and then next Monday, all agree to Buy. I think this is called price fixing.

Really, looking at the GBPJPY, I think there are buyers over there and with the USDJPY dropping, it is causing the GBPUSD to slow down in its decent until the GBPJPY boys also give up and just let it drop.
It should be like this:
"once upon a time.. the neikei index was -200 plus.. then the yen get it strength form the secret potion from BOJ... "

Just kidding bro... slow market make me like this.. I'm looking to GJ as well.. let see if we can ride the wave for GU.. I'm short already GJ.

regards,
  • #129,160
  • Apr 8, 2009 2:40am Apr 8, 2009 2:40am
This old man, he played three
He played knick-knack on my knee
With a knick-knack paddywhack, give a dog a bone
This old man came rolling home

When life gives you lemons, make lemonade
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