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Cable Update (GBPUSD)

  • #153,641
  • Jul 31, 2009 7:21am Jul 31, 2009 7:21am
Quoting albchr
After sitting here for the last 10 hours, I'm just getting tired...lol
you don't wanna give up now....uh uh....
Hear the music before the song is over ...
  • #153,642
  • Jul 31, 2009 7:24am Jul 31, 2009 7:24am
Quoting 4xmajkel
Hi All,
Is my interpretation of USA GDP is correct? (looks so easy )
GDP positive - Cable down
GDP negative - Cable up ?
Not that simple - it relates to forecast which is -1.4 (If it's better than forecast Cable down, if it's worse than forecast cable up - in a perfect world) With current state of affairs, better than forecast might mean poms sell safe haven dollar and buy pounds, sending the cable north... time will tell.
May the forex be with you |
  • #153,643
  • Jul 31, 2009 7:24am Jul 31, 2009 7:24am
Quoting Bull_Bear
This might be clearer...
So that's what a bear flag looks like.....
Ghost Rider - WWTBMD?
  • #153,644
  • Jul 31, 2009 7:24am Jul 31, 2009 7:24am
Quoting GlobalMacro
you don't wanna give up now....uh uh....
He's going to apply the new strategy and target 1.6400 1st and 1.6220 as a 2nd TP....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #153,645
  • Jul 31, 2009 7:25am Jul 31, 2009 7:25am
Quoting GlobalMacro
you don't wanna give up now....uh uh....
No sir! I am out of coffee though......lol
Ghost Rider - WWTBMD?
  • #153,646
  • Jul 31, 2009 7:26am Jul 31, 2009 7:26am
Quoting Bull_Bear
He's going to apply the new strategy and target 1.6400 1st and 1.6220 as a 2nd TP....

LOL...been my goal from the start of this ride 24 hours ago buddy...
Ghost Rider - WWTBMD?
  • #153,647
  • Jul 31, 2009 7:26am Jul 31, 2009 7:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well guys, I am fundamentalist.

I would be surprised if the news is bad, given all the hype of "new govt" bailing out banks and putting all the efforts in.

Although I do not see it effecting much other than 200-300 pips to either $ or any other currency. If it goes up, It will settle down later. As economy is not as green as it looks or "made look".
  • #153,648
  • Jul 31, 2009 7:27am Jul 31, 2009 7:27am
Quoting direct-trade
30min,1hr confirmed. Awaiting 4hr close below level shown on chart before going short, TP's as shown.

2 things about today...

1: Its Friday, which as you know can throw in some unpredictable moves.
2: News.

Holding on till the 4hr confirmation of bearish bias.
Forgot to mention 4hr rising trendline, need to see if this 4hr closes below the 4hr trendline on my chart in 35mins.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 31-07-7.gif Size: 16 KB
  • #153,649
  • Jul 31, 2009 7:30am Jul 31, 2009 7:30am
dear God, please bring it down to 6400...
- Always pray on your trading - God know the best for everyone
  • #153,650
  • Jul 31, 2009 7:33am Jul 31, 2009 7:33am
There are No new highs as I said.

Pham.
  • #153,651
  • Jul 31, 2009 7:33am Jul 31, 2009 7:33am
Quoting kingindian
dear God, please bring it down to 6400...
my wish is too and sure GOD will help us


Ub
  • #153,652
  • Jul 31, 2009 7:37am Jul 31, 2009 7:37am
Quoting albchr
LOL...been my goal from the start of this ride 24 hours ago buddy...
here we go
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #153,653
  • Jul 31, 2009 7:38am Jul 31, 2009 7:38am
crude, S&P and Gold are tanking well - cable negative, bears are feeding well
Make sure losses are small and profits are bigger!
  • #153,654
  • Jul 31, 2009 7:39am Jul 31, 2009 7:39am
Quoting Bull_Bear
here we go

KICKING myself for allowing opinion to sway me from my plan of a large sell at 6570 though....
Ghost Rider - WWTBMD?
  • #153,655
  • Jul 31, 2009 7:41am Jul 31, 2009 7:41am
Quoting Bull_Bear
here we go
what is your target bro??

Ub
  • #153,656
  • Jul 31, 2009 7:41am Jul 31, 2009 7:41am
G/J, U/J and G/U all falling at the same time?...one of them is the odd one out.
  • #153,657
  • Jul 31, 2009 7:42am Jul 31, 2009 7:42am
Quoting Bull_Bear
He's going to apply the new strategy and target 1.6400 1st and 1.6220 as a 2nd TP....


Quoting albchr
No sir! I am out of coffee though......lol



good, good then...for a minute I thought...
Hear the music before the song is over ...
  • #153,658
  • Jul 31, 2009 7:44am Jul 31, 2009 7:44am
Quoting albchr
KICKING myself for allowing opinion to sway me from my plan of a large sell at 6570 though....
Chris your on the new strategy now bro.... clear your mind of that thinking mate. No large order to chase your loses remember, strategic trades/weekly/ monthly reconciliation.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #153,659
  • Jul 31, 2009 7:46am Jul 31, 2009 7:46am
Quoting ubaidahsan
what is your target bro??

Ub
1.6400 & 1.6220 UB.... u haven't been around lately mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #153,660
  • Jul 31, 2009 7:46am Jul 31, 2009 7:46am
Thx man ,you might be right but what kind of indicators do you use?
Quoting Bull_Bear
This might be clearer...
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