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Cable Update (GBPUSD)

  • #145,421
  • Jul 12, 2009 2:41pm Jul 12, 2009 2:41pm
oil rich nations had calculated their budgets based off a minimum oil at 85 bucks to the barrel. 65 is well below that mark. That was in 2008. May be now t hey have factored in the new realities. BUt I am sure higher it goes happier they would be.


Quoting pipsbull
no it's not about different people, it's about what budget built on. Until the certain time anyway, what the MALIUJUT?thnx
Its all in the mind.
  • #145,422
  • Jul 12, 2009 2:46pm Jul 12, 2009 2:46pm
Quoting 5abi
oil rich nations had calculated their budgets based off a minimum oil at 85 bucks to the barrel. 65 is well below that mark. That was in 2008. May be now t hey have factored in the new realities. BUt I am sure higher it goes happier they would be.
lol, it is but the minimum is still there
  • #145,423
  • Jul 12, 2009 2:46pm Jul 12, 2009 2:46pm
Quoting pipsbull
no it's not about different people, it's about what budget built on. Until the certain time anyway, what the MALIUJUT?thnx

maliujut - risujut- draw(ing)
  • #145,424
  • Jul 12, 2009 2:48pm Jul 12, 2009 2:48pm
anyone have anything bad or good to say about fxcm uk account was thinking of switching to keep normal stop loss and entry orders. All comments appreciated...thks
Price does what price wants , I just need to be prepared.
  • #145,425
  • Jul 12, 2009 2:50pm Jul 12, 2009 2:50pm
My weekly analysis. It's a bit taxing to repost, so I'll just include the links:

WEEK / DAY
http://www.forexfactory.com/showpost...ostcount=18325
  • #145,426
  • Jul 12, 2009 2:51pm Jul 12, 2009 2:51pm
Does anyone knowof a reliable source that provides the live exchange rate while the market is closed? I have found multiple different websites but they always have a different rate.
  • #145,427
  • Jul 12, 2009 2:54pm Jul 12, 2009 2:54pm
I also have FXCM US account. I am not moving it to UK. Reasons are very simple- first one is why should I? I dont scalp much so unless I cannot place trailing stops I would not be worried. There is nothing like a Normal stop loss and T/P. All can be managed as well by entry orders. Minor annoyance.

Secondly, there are withdrawal costs and tax implications with the UK account. Ofcourse, withdrawal costs and tax does not mean a thing if you are a consistent loser, but I make money so I wont get myself tangled into all this potential mess just because of a minor annoyance. Hope it helps.



Quoting PJkiller
anyone have anything bad or good to say about fxcm uk account was thinking of switching to keep normal stop loss and entry orders. All comments appreciated...thks
Its all in the mind.
  • #145,428
  • Jul 12, 2009 2:56pm Jul 12, 2009 2:56pm
I'm also looking at this. I'll consider shorts if price closes convincingly below the hr trendline.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_1hr.gif Size: 23 KB
Click to Enlarge Name: gbpusd.gif Size: 40 KB
  • #145,429
  • Jul 12, 2009 3:02pm Jul 12, 2009 3:02pm
Quoting malcolmb14
not sure what you are seeing on a 4 hour ... I have a down trend with a lower high and a break down of the triangle at the 1.6600 level.

Attachment
let me post my chart in series...will post 4hr after..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade.gif Size: 33 KB
Click to Enlarge Name: trade2.gif Size: 25 KB
  • #145,430
  • Jul 12, 2009 3:14pm Jul 12, 2009 3:14pm
Quoting nAVIN2007
let me post my chart in series...will post 4hr after..

we made a higher low and high to show trend changed and we just about above the support and close on weekly will be very impt if indecision then i say up if close below 1.62 then looks like down...the gap up or dpwn may decide outcome
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 32 KB
  • #145,431
  • Jul 12, 2009 3:23pm Jul 12, 2009 3:23pm
Quoting lexazver
maliujut - risujut- draw(ing)
sorry to complicated, couldn't get it
  • #145,432
  • Jul 12, 2009 3:55pm Jul 12, 2009 3:55pm
Immediate Bearish Bias View
Attached Image
  • #145,433
  • Jul 12, 2009 4:08pm Jul 12, 2009 4:08pm
Quoting forexlion
malcolmb sees a drop open on monday and 1 hour tells me otherwise, so ......
wow !! GU opened with a massive 2 pip gap down
  • #145,434
  • Jul 12, 2009 4:15pm Jul 12, 2009 4:15pm
Quoting forexlion
wow !! GU opened with a massive 2 pip gap down
1.6210 MUST hold out as resistance for any shorts to be successful, else forget shorts for Monday
  • #145,435
  • Jul 12, 2009 4:35pm Jul 12, 2009 4:35pm
Quoting forexlion
1.6210 MUST hold out as resistance for any shorts to be successful, else forget shorts for Monday
Forexlion,

Where do u advise to put SL if im short right now?
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #145,436
  • Jul 12, 2009 4:39pm Jul 12, 2009 4:39pm
he is advising to go long

Quoting Yngwie
Forexlion,

Where do u advise to put SL if im short right now?
Its all in the mind.
  • #145,437
  • Jul 12, 2009 4:42pm Jul 12, 2009 4:42pm
Quoting 5abi
he is advising to go long
LOL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #145,438
  • Jul 12, 2009 4:47pm Jul 12, 2009 4:47pm
Quoting 5abi
he is advising to go long
what gave u that stupid idea

i am short big time from last week
  • #145,439
  • Jul 12, 2009 4:50pm Jul 12, 2009 4:50pm
Quoting Yngwie
Forexlion,

Where do u advise to put SL if im short right now?
Here's a simple naked hour chart with horizontal support/ resistances drawn based on previous high /lows peaks and troughs.

You should be able to identify where you should be "safe"
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 18 KB
  • #145,440
  • Jul 12, 2009 4:52pm Jul 12, 2009 4:52pm
Morning Guys,

Holding onto my long EUR since friday @ 1.3914..... SL 1.3870... TP 1.4045. Look to cover if price makes it 1.4000.

Cable Long now @ 1.6190... SL 1.6140... TP 1.6450

See ya all at the London Session.

Gotta Run
Veni, Vidi, Vici (We came, we saw, we conquered)
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