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Cable Update (GBPUSD)

  • #130,181
  • Apr 22, 2009 6:43am Apr 22, 2009 6:43am
Quoting mohfaid
Dear ammal

If the major trend is bullish why after a daily close above the magic resistance 1.4985 it just kissing the 1.5 area by making the high of 1.5060 and return back, if it is really bullish I think it might clear this area completely and go up for 1.5150 and then 1.53XX , that is the expected behavior if we have a real bullish movement, I think it just was a last trial of touching 1.50xx before return down

That is my thought man
Believe me , all the bulls are either the guys who have longs from 118 in GJ or 1.35 in GU , or ppl that dont want negatif swap. or Red pips collect. UK is the worst hit , and we have to make a new low in GU , an all time low . maybe a parity check. before we could rise. Britain said clearly that she need a weak pound to boost economy.
  • #130,182
  • Apr 22, 2009 6:43am Apr 22, 2009 6:43am
Quoting Geppyg
Nothing out of the ordinary....Comparison of cross country issues....
Talk about your own ......Darlin.............
Yeh we'll be fine our economy is flexible...
  • #130,183
  • Apr 22, 2009 6:44am Apr 22, 2009 6:44am
12:39
Chancellor Darling expects UK economy to start growing again towards the end of the year #budget Reply

12:39
@hmtreasury Budget will build on strengths of British economy and its people, speed the recovery, providing jobs and spreading prosperity Reply

12:19
Darling says #budget will "prepare Britain for the opportunities of the future" Reply

Blah Blah Blah
  • #130,184
  • Apr 22, 2009 6:46am Apr 22, 2009 6:46am
Quoting mohfaid
Dear ammal

If the major trend is bullish why after a daily close above the magic resistance 1.4985 it just kissing the 1.5 area by making the high of 1.5060 and return back, if it is really bullish I think it might clear this area completely and go up for 1.5150 and then 1.53XX , that is the expected behavior if we have a real bullish movement, I think it just was a last trial of touching 1.50xx before return down

That is my thought man
its going up now, please see tf 4h n daily for major trend status...
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,185
  • Apr 22, 2009 6:51am Apr 22, 2009 6:51am
Common baby keep safe my long !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #130,186
  • Apr 22, 2009 6:51am Apr 22, 2009 6:51am
Quoting riggster
Yeh we'll be fine our economy is flexible...
LOL I was laughing when I heard that as well what about ....GDP to 1 % or just a little less.......huh wtf is he on crack or what....
Let Price determine your future!
  • #130,187
  • Apr 22, 2009 6:52am Apr 22, 2009 6:52am
Spike up and then gonna crash down I reckon...when they come off the crack...
Let Price determine your future!
  • #130,188
  • Apr 22, 2009 6:52am Apr 22, 2009 6:52am
They injecting money in market. GBP will weakens.
  • #130,189
  • Apr 22, 2009 6:57am Apr 22, 2009 6:57am
Quoting Terminale
They injecting money in market. GBP will weakens.
SPOT ONNNNNN

Wait till he mentions the 160 BLn Deficiet.....See what happens then....
Let Price determine your future!
  • #130,190
  • Apr 22, 2009 6:59am Apr 22, 2009 6:59am
Quoting Terminale
Believe me , all the bulls are either the guys who have longs from 118 in GJ or 1.35 in GU , or ppl that dont want negatif swap. or Red pips collect.
Wrong. Not ALL the bulls. Some of the bulls right now like yours truly here simply don't play predicting the market & trade what's shown on the charts without thinking. Just follow the money.
Thank You
  • #130,191
  • Apr 22, 2009 7:00am Apr 22, 2009 7:00am
cable now facing fibo line 61.8 @1.4654
(1.3499 to 1.5367)
  • #130,192
  • Apr 22, 2009 7:07am Apr 22, 2009 7:07am
...
Let Price determine your future!
  • #130,193
  • Apr 22, 2009 7:07am Apr 22, 2009 7:07am
Quoting deboooo2005
cable now facing fibo line 61.8 @1.4654
(1.3499 to 1.5367)
Hey wormboy, Deboo

HOws it going? I was watching that same fibo we dropped hard from there! Wasnt in gu but closed my EU long when i saw cable stalling at the fib.

I reckon there gonna talk cable up quite a bit today maybe get to 1.4920 this week? if we do possible H&S on the daily. Good luck guys think i'll sit the rest of the day out dont like the volatility today
  • #130,194
  • Apr 22, 2009 7:10am Apr 22, 2009 7:10am
Darling puts up car and drink tax
Chancellor Alistair Darling unveils big increases in tax on alcohol and high polluting cars in his first Budget.

This should resolve all of our problems..........
Let Price determine your future!
  • #130,195
  • Apr 22, 2009 7:12am Apr 22, 2009 7:12am
Quoting PipLand
Hey wormboy, Deboo

HOws it going? I was watching that same fibo we dropped hard from there! Wasnt in gu but closed my EU long when i saw cable stalling at the fib.

I reckon there gonna talk cable up quite a bit today maybe get to 1.4920 this week? if we do possible H&S on the daily. Good luck guys think i'll sit the rest of the day out dont like the volatility today
Hey pip! Going great mate. I hope all is well on your side
I'm out of cable trade since closing out from the 4950 fall. Only dragon atm.
The 49xx level you mention could materialise, but I think we need to see this wall at the tailend of 46xx level brought down first tbh.

Trade safe my friend
Thank You
  • #130,196
  • Apr 22, 2009 7:17am Apr 22, 2009 7:17am
Quoting PipLand
Hey wormboy, Deboo

HOws it going? I was watching that same fibo we dropped hard from there! Wasnt in gu but closed my EU long when i saw cable stalling at the fib.

I reckon there gonna talk cable up quite a bit today maybe get to 1.4920 this week? if we do possible H&S on the daily. Good luck guys think i'll sit the rest of the day out dont like the volatility today

when it resist i close it wit +120 pips and short @ 1.4615
  • #130,197
  • Apr 22, 2009 7:20am Apr 22, 2009 7:20am
Just bailed out of seat of my pants short. Im out for the day
  • #130,198
  • Apr 22, 2009 7:21am Apr 22, 2009 7:21am
Quoting Terminale
They injecting money in market. GBP will weakens.
you are true, immiediatly after us open gdpusd down,how do you know that....
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,199
  • Apr 22, 2009 7:24am Apr 22, 2009 7:24am
Quoting deboooo2005
when it resist i close it wit +120 pips and short @ 1.4615
Quoting wormboy
Hey pip! Going great mate. I hope all is well on your side
I'm out of cable trade since closing out from the 4950 fall. Only dragon atm.
The 49xx level you mention could materialise, but I think we need to see this wall at the tailend of 46xx level brought down first tbh.

Trade safe my friend
Going good thnx WB, Nice work on that short!

I've just been scalping for last couple of weeks, given up with swingtrades. Im having fun with it and less stressfull all those little pips add up in the end

Wish I joined you in that short Debo, i would have taken it if the budget wasnt on, i was worried they would talk up the economy, I guess no one actually believes their BS as they have managed to kill equities along with the £.

I think they are making promises without the actual money to do it which means more printing i guess

good luck guys
  • #130,200
  • Apr 22, 2009 7:25am Apr 22, 2009 7:25am
As said man

Just wait for this 4 H closing

1.4350 is on road now and then 1.4110 ISA


Quoting ammal07
you are true, immiediatly after us open gdpusd down,how do you know that....
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