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Cable Update (GBPUSD)

  • #135,441
  • Jun 4, 2009 1:58am Jun 4, 2009 1:58am
Quoting Reznik
Goog Trade there my Fellow Cable Guy...
Thanks Matey...
Let Price determine your future!
  • #135,442
  • Jun 4, 2009 2:00am Jun 4, 2009 2:00am
Today is "LONG"
  • #135,443
  • Jun 4, 2009 2:05am Jun 4, 2009 2:05am
Lol my pin bar just broke ..ok down maybe the immediate direction with the engulfing ,but I wonder how far it will go ...
I have said and its a simple observation that any Brit will know ,low interest rates =spend ,spend ,spend and there just about filtering through.
We cant help ourselves.




Quoting Bones
Hi Fry ,then your dad is a typical Brit ,who have invested in the Buy to let,which at the IR we are talking about is about to become way more profitable,maybe after a few months confidence he may add to his portfolio.
Its not going to happen over night but

Maybe if you could chart it the result below would be a pin bar ,lol

Remmember this result is for the month of Jan normally a slow month???
Attached Image (click to enlarge)
Click to Enlarge Name: halifax hpi.jpg Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,444
  • Jun 4, 2009 2:06am Jun 4, 2009 2:06am
long or short
just trust ourself...
since yesterday movement unpredictable.
- Always pray on your trading - God know the best for everyone
  • #135,445
  • Jun 4, 2009 2:09am Jun 4, 2009 2:09am
Quoting Reznik
Today is "LONG"

goodluck..but i am sell now
  • #135,446
  • Jun 4, 2009 2:10am Jun 4, 2009 2:10am
Quoting Geppyg
1.6400- Long +20
Came down specially to meet me
Current positions:
1.6300-Long +120
1.6350-Long +70
1.6380-Long +40
1.6400- Long +20
Added another one
1.6392
Let Price determine your future!
  • #135,447
  • Jun 4, 2009 2:11am Jun 4, 2009 2:11am
Quoting Bones
Lol my pin bar just broke ..ok down maybe the immediate direction with the engulfing ,but I wonder how far it will go ...
I have said and its a simple observation that any Brit will know ,low interest rates =spend ,spend ,spend and there just about filtering through.
We cant help ourselves.
But loss of job security means no money to spend.....
  • #135,448
  • Jun 4, 2009 2:11am Jun 4, 2009 2:11am
Taka a look at the Cable Chart...

Indicators: an inside-bar formed, a Spining-top, RSI is overbought, Stoch is overbought...

Short Term= "Short"
Long Term= "Long"

Give or take 25-30pips down, And back Up again...
  • #135,449
  • Jun 4, 2009 2:12am Jun 4, 2009 2:12am
Quoting Geppyg
Came down specially to meet me
Current positions:
1.6300-Long +120
1.6350-Long +70
1.6380-Long +40
1.6400- Long +20
Added another one
1.6392
You are a trading maniac today. Please leave some pips for the rest of us mate. Its only a 2 trillion a day market. BTW As your trading friend i would like to request a ferrari F40 on my christmas list..
You've got to be IN IT to WIN IT!
  • #135,450
  • Jun 4, 2009 2:13am Jun 4, 2009 2:13am
lol,seriously if spending starts that is not a worry ,why do you think the pound is rocketing

Quoting 4cfx
But loss of job security means no money to spend.....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,451
  • Jun 4, 2009 2:16am Jun 4, 2009 2:16am
Quoting akumelayu
goodluck..but i am sell now

Good Idea!!

Short Term bias now is a "SHORT" but with the size of your account, U can open a "LONG" for the today's bias being LONG... And a "SHORT" for the little run now...
  • #135,452
  • Jun 4, 2009 2:16am Jun 4, 2009 2:16am
Quoting wormboy

Just be ready to short earlier when you spot weakness my friend.
Good luck
Thanks for that reminder. Shorted at 1.6425. At which point would you consider the down trend invalid? 1.66?
  • #135,453
  • Jun 4, 2009 2:19am Jun 4, 2009 2:19am
All bets are off on where the cable is heading at the moment. But if it comes back way down today, my money is on a pullback to 1.60xx, possibly lower..
  • #135,454
  • Jun 4, 2009 2:22am Jun 4, 2009 2:22am
Quoting Ipips
All bets are off on where the cable is heading at the moment. But if it comes back way down today, my money is on a pullback to 1.60xx, possibly lower..
  • #135,455
  • Jun 4, 2009 2:23am Jun 4, 2009 2:23am
Quoting Ifty
You are a trading maniac today. Please leave some pips for the rest of us mate. Its only a 2 trillion a day market. BTW As your trading friend i would like to request a ferrari F40 on my christmas list..
Brov....I will send you one let me get there first.....

I am heavily loaded at this point.... with all these orders....

Good thing is whenever I have placed a new postiion it has always gone into profit straight away....

Good Luck ...still see no reason to short...

Geppy( I am blind to longs..

See you in 3 hours....
Let Price determine your future!
  • #135,456
  • Jun 4, 2009 2:28am Jun 4, 2009 2:28am
Quoting 4cfx
Thanks for that reminder. Shorted at 1.6425. At which point would you consider the down trend invalid? 1.66?
I would like to illustrate to you & 4xHero as to what I meant as spotting weakness and selling it from there on.
Here are the two possibilities highlighted on the chart. Should the grey subtrendline gets breached then the peak resistance level is the obvious target to look for weakness.
And yes, a close above 6600 will shift my bias. Atm, personally my bias is still down.
Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.JPG Size: 69 KB
Thank You
  • #135,457
  • Jun 4, 2009 2:35am Jun 4, 2009 2:35am
Quoting wormboy
I would like to illustrate to you & 4xHero as to what I meant as spotting weakness and selling it from there on.
Here are the two possibilities highlighted on the chart. Should the grey subtrendline gets breached then the peak resistance level is the obvious target to look for weakness.
And yes, a close above 6600 will shift my bias. Atm, personally my bias is still down.
Good luck
Wormboy, may I ask how did you draw the red trend line connecting from the top to peak resistance level?
  • #135,458
  • Jun 4, 2009 2:43am Jun 4, 2009 2:43am
hi! i wonder how will BOE statement influence PA. I'm kind of waiting for a bad news and gbp going down, if i'm not wrong, previous months there wasn't favourable effect for gbp. I think it could decide todays direction. Any comments on this matter?
  • #135,459
  • Jun 4, 2009 2:45am Jun 4, 2009 2:45am
Quoting Ipips
Wormboy, may I ask how did you draw the red trend line connecting from the top to peak resistance level?
I didn't. It coincides with the resistance level.
Thank You
  • #135,460
  • Jun 4, 2009 2:48am Jun 4, 2009 2:48am
I think if today closes positive the D1 engulfing is just pull back.
Attached Image (click to enlarge)
Click to Enlarge Name: 55) gbp usd h4 4 june.gif Size: 20 KB
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