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Cable Update (GBPUSD)

  • #130,341
  • Apr 23, 2009 4:46am Apr 23, 2009 4:46am
still scalping...
just left 1 hanging below, hope it will goes down more
- Always pray on your trading - God know the best for everyone
  • #130,342
  • Apr 23, 2009 4:49am Apr 23, 2009 4:49am
Quoting alfamichi
but the change is not much..is just between -0.0017-13
There is a positive correlation, still in favour of the GBP over the USD. EUR has not broken the topside resistence of GBP, while the EUR took out the Usd resistence.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,343
  • Apr 23, 2009 5:12am Apr 23, 2009 5:12am
Quoting Bull_Bear
There is a positive correlation, still in favour of the GBP over the USD. EUR has not broken the topside resistence of GBP, while the EUR took out the Usd resistence.
but now is favoring EUR....
  • #130,344
  • Apr 23, 2009 5:23am Apr 23, 2009 5:23am
Quoting alfamichi
but now is favoring EUR....
Bros don't feel offended...i am trying to learn from you...you know, we all learn from time to time...
  • #130,345
  • Apr 23, 2009 5:24am Apr 23, 2009 5:24am
Quoting alfamichi
but now is favoring EUR....
Well if stops are not fired off in the EUR/GBP, the likely hood of a reversal in this pair has more potential, which than breath life back into the GBP. As compare to the EUR/US where stops have been fired off already and moving to the top side.

I'm still holding GBP/US to the upside, if not my SL will take me out
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,346
  • Apr 23, 2009 5:30am Apr 23, 2009 5:30am
Quoting Bull_Bear
Well if stops are not fired off in the EUR/GBP, the likely hood of a reversal in this pair has more potential, which than breath life back into the GBP. As compare to the EUR/US where stops have been fired off already and moving to the top side.

I'm still holding GBP/US to the upside, if not my SL will take me out
at what point you feel it could reverse and go down? I'm thinking that us jobless claims will determine direction
  • #130,347
  • Apr 23, 2009 5:39am Apr 23, 2009 5:39am
Quoting Endrju
at what point you feel it could reverse and go down? I'm thinking that us jobless claims will determine direction
keep an eye on a clean break of EUR/GBP to the topside and your short term trend in the GBP/US, 1.4500/1.4480 level.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,348
  • Apr 23, 2009 6:48am Apr 23, 2009 6:48am
Quoting Bull_Bear
keep an eye on a clean break of EUR/GBP to the topside and your short term trend in the GBP/US, 1.4500/1.4480 level.....
Whats your take on EU and Gu Bull-Bear? Am so confused.
In all your ways acknowledge Him and He will direct your path.
  • #130,349
  • Apr 23, 2009 6:51am Apr 23, 2009 6:51am
Quoting OmegaFire
Whats your take on EU and Gu Bull-Bear? Am so confused.
Very Simple Play the Range
Long at 30 Short at 85....on break out after 45 mins due to news take you position trade...

Geppy
Let Price determine your future!
  • #130,350
  • Apr 23, 2009 6:57am Apr 23, 2009 6:57am
5minits more before us open, prepare your stop order....
newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #130,351
  • Apr 23, 2009 7:02am Apr 23, 2009 7:02am
Quoting OmegaFire
Whats your take on EU and Gu Bull-Bear? Am so confused.
No take on it mate, cos GBP/US was lagging in price compared to EUR/US, just looking at reasons why its lagging and the correaltion between the pairs.

Cable holding long..... TP 1.4700 SL 1.4480
EUR holding long.... TP 1.3115 SL @ BE 1.3000 now - adjusted

It's slow going but.... for the GBP that is
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,352
  • Apr 23, 2009 7:14am Apr 23, 2009 7:14am
Quoting Geppyg
Very Simple Play the Range
Long at 30 Short at 85....on break out after 45 mins due to news take you position trade...

Geppy
Thanks Geppy, but it has not been that easy. Where are you expecting EU and GU to go after news. might just have to wait. have a small account - almost approaching margin call?

Any take on this BULL-Bear?
In all your ways acknowledge Him and He will direct your path.
  • #130,353
  • Apr 23, 2009 7:32am Apr 23, 2009 7:32am
Quoting OmegaFire
Thanks Geppy, but it has not been that easy. Where are you expecting EU and GU to go after news. might just have to wait. have a small account - almost approaching margin call?

Any take on this BULL-Bear?
when i'm in position i sit on it rather jumping in and out but thats my strategy or until there are clear reasons to abort my positions.

The range that geppy talks abt are the extremes of todays move where he feels it safe to enter position based on risk reward. Market is ranging so he plays it up and down.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,354
  • Apr 23, 2009 7:40am Apr 23, 2009 7:40am
the day will remain bull! i think!
  • #130,355
  • Apr 23, 2009 8:37am Apr 23, 2009 8:37am
Quoting Bull_Bear
when i'm in position i sit on it rather jumping in and out but thats my strategy or until there are clear reasons to abort my positions.

The range that geppy talks abt are the extremes of todays move where he feels it safe to enter position based on risk reward. Market is ranging so he plays it up and down.
Hi Bull-Bear.

EU approching 300. Thinking to long again?
In all your ways acknowledge Him and He will direct your path.
  • #130,356
  • Apr 23, 2009 8:47am Apr 23, 2009 8:47am
Quoting OmegaFire
Hi Bull-Bear.

EU approching 300. Thinking to long again?
It is strong support, i still have my long but i have adjusted SL to 1.2980 (was BE). scared it might touch it and bounce again...... I'm staying with the 1.3000 to the topside for TP 1.3115
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,357
  • Apr 23, 2009 9:02am Apr 23, 2009 9:02am
Quoting Bull_Bear
It is strong support, i still have my long but i have adjusted SL to 1.2980 (was BE). scared it might touch it and bounce again...... I'm staying with the 1.3000 to the topside for TP 1.3115
News expected to push it down to 2980. Maybe I'll wait and long from there.

I sure would have taken my 70 pips earlier if i were u.
In all your ways acknowledge Him and He will direct your path.
  • #130,358
  • Apr 23, 2009 9:13am Apr 23, 2009 9:13am
Quoting OmegaFire
News expected to push it down to 2980. Maybe I'll wait and long from there.

I sure would have taken my 70 pips earlier if i were u.
Its TP or SL.... or my signal trend changes before my SL.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,359
  • Apr 23, 2009 9:16am Apr 23, 2009 9:16am
Quoting OmegaFire
News expected to push it down to 2980. Maybe I'll wait and long from there.

I sure would have taken my 70 pips earlier if i were u.
3000 seems to be holding for now.
Went long EU @ 3013 TP 3063.
In all your ways acknowledge Him and He will direct your path.
  • #130,360
  • Apr 23, 2009 9:35am Apr 23, 2009 9:35am
guys, need to buy
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