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Cable Update (GBPUSD)

  • #153,881
  • Jul 31, 2009 11:23am Jul 31, 2009 11:23am
Quoting KillPhil08
@Forbes > London and NY overlap by two hours. London closes at 4.30pm BST.

@Malc > Lol, I know what you mean. Everytime BoE has a number that comes out (GDP/minutes/etc) Selling cable has worked [almost] everytime (for more than 50 pips).

Guys I urge you not to sell in the middle of no where without a reason, I know fast markets make you want to get fast pips but it's all about the risk involved.
I know all about things fast ...

I drive a fast car , snagged my self a fast woman , got a fast case of std and a fast trip to the doctors ...lol
Blogging daily now at www.volume.zone
  • #153,882
  • Jul 31, 2009 11:23am Jul 31, 2009 11:23am
Quoting Yngwie
Next target 1.6729.. then 1.6888.. but try looking for sell at 6729
Done for target 6729.. let see if bull can reach 1.6888 next..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #153,883
  • Jul 31, 2009 11:26am Jul 31, 2009 11:26am
Quoting malcolmb14
I know all about things fast ...

I drive a fast car , snagged my self a fast woman , got a fast case of std and a fast trip to the doctors ...lol
  • #153,884
  • Jul 31, 2009 11:29am Jul 31, 2009 11:29am
Luckily I have the facility of self deception

I was going to bring some real GBP from the UK to the US last week.

Instead, I shorted the pound some to 'lock' the rate

So I am carrying a loss on forex but I will get a better rate when I buy USD for real next week

Net result ? Its a wash - no gain no loss

Now that's what I call self deception - it's the only path to happiness

Reality is the enemy of contentment
  • #153,885
  • Jul 31, 2009 11:29am Jul 31, 2009 11:29am
Quoting malcolmb14
I know all about things fast ...

I drive a fast car , snagged my self a fast woman , got a fast case of std and a fast trip to the doctors ...lol



Hi Malcolmb, hope you are well today.
  • #153,886
  • Jul 31, 2009 11:33am Jul 31, 2009 11:33am
Above 30th june 6745 hi and extending 6750-7015 there is a previous weekly (minor) swing lo =previous support=potential resistance (SBR) zone and in there is the 50% of the 2.0157-1.3505 fall @ 6817 as well as the 50% of longer 0395-3505 fall @6935.

The monthly chart below shows the previous swing hi/lo zone on that t/f and is the obvious bull target. Just above that zone @ 7318 is the 50% of the total 2.1162-1.3505 fall

G/L

http://i29.tinypic.com/19bfv4.gif
ex member
  • #153,887
  • Jul 31, 2009 11:34am Jul 31, 2009 11:34am
Good read here:

http://market-ticker.denninger.net/
  • #153,888
  • Jul 31, 2009 11:37am Jul 31, 2009 11:37am
Quoting LizardGizzard
True. No one can explain these moves. And who cares? Trading the charts is easiest with less variables. Prediction kills. Flexibility wins. Don't try to understand, just go with it.
we are in a uptrend..weekly made higher low..it was always going up...just needed good news to fly..

house prices up a 3rd time..FTSE up despite bad stuff..

it could go down as well but u have to get in at a good price i risked 20-30 for this move..good risk:reward make life easier also demo
  • #153,889
  • Jul 31, 2009 11:38am Jul 31, 2009 11:38am
for those that like divergences ... check out this one ON DAILY GU

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #153,890
  • Jul 31, 2009 11:41am Jul 31, 2009 11:41am
Quoting malcolmb14
for those that like divergences ... check out this one ON DAILY GU

Attachment
Nice, I hope that means cable is going to visit 6500 before Monday
  • #153,891
  • Jul 31, 2009 11:41am Jul 31, 2009 11:41am
now President Obama will be Speaking and see how he strenghten USD in a moment and f*ck bulls expecially speculators

Quoting usdivers
Nice, I hope that means cable is going to visit 6500 before Monday
sure
no doubt maybe even in tonight's closing
ROBOT FOREX
  • #153,892
  • Jul 31, 2009 11:43am Jul 31, 2009 11:43am
Quoting Forbes55
now President Obama will be Speaking and see how he strenghten USD in moment and f*ck bulls expecially speculators



sure
no doubt maybe even in tonight's closing
Soon as he opens his mouth it'll hit 1.7..
  • #153,893
  • Jul 31, 2009 11:43am Jul 31, 2009 11:43am
Quoting direct-trade


Hi Malcolmb, hope you are well today.
not bad .. but if i was as great was you are I could not handle it lol ....

congrats on long GU . I missed it . I trade GJ it was a bitch today but got a few pips. I may try Gu next week ..seems a little smoother these days
Blogging daily now at www.volume.zone
  • #153,894
  • Jul 31, 2009 11:45am Jul 31, 2009 11:45am
Quoting stewrigh
Soon as he opens his mouth it'll hit 1.7..
you wanted to say it'll hit 1.6 level
ROBOT FOREX
  • #153,895
  • Jul 31, 2009 11:47am Jul 31, 2009 11:47am
Quoting Forbes55
now President Obama will be Speaking and see how he f*ck bulls
I would pay good money for the video of that
  • #153,896
  • Jul 31, 2009 11:51am Jul 31, 2009 11:51am
Quoting malcolmb14
for those that like divergences ... check out this one ON DAILY GU

Attachment
Could be the start of something but what's needed is a second hump...the downturn of the indicator...and for the super conservative, one would need a confirmation of a break below the trough, which is around 1.6. I used to trade nothing but divergences, still do to an extent, but one thing is for certain, they can portend something but need confirmation and development. We shall see what the next few weeks bring indeed.

Right now, I'm looking at 1M GBP divergence, which looks fully developed. Definitely time to exit a long if you don't wish to hold over the weekend.

Good weekend to all.
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There's always money in the banana stand.
  • #153,897
  • Jul 31, 2009 11:54am Jul 31, 2009 11:54am
Quoting usdivers
Nice, I hope that means cable is going to visit 6500 before Monday
are you kidding dude?! i wish so, i'm short too but this damn cable gonna crazy and everything may happen
  • #153,898
  • Jul 31, 2009 11:54am Jul 31, 2009 11:54am
Quoting Lejumeau
yesterday pivot point didn't give much but this one paid off good
Thanks for all your help this week. You deserve a vouch for the help you have given me and a few others. You are first class!
  • #153,899
  • Jul 31, 2009 12:01pm Jul 31, 2009 12:01pm
right 1.7200 target is in reach now...
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  • #153,900
  • Jul 31, 2009 12:03pm Jul 31, 2009 12:03pm
Quoting allserene
I would pay good money for the video of that
I meant he would support USD and punch down euro and pound and only then bears f*ck the bulls
ROBOT FOREX
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