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Cable Update (GBPUSD)

  • #158,961
  • Aug 18, 2009 2:47pm Aug 18, 2009 2:47pm
Quoting Forbes55
60 pips for Gu like a piece of cake for a big man that is nothing
I took examples from today to show the impact of bad numbers from US to positive $ and Y. Almost every time expect: bad US numbers = positive $, Y and gold. Market realize that the US economy is not safe and expect that others not too, then come back to sure money ($, Y, gold) and not taking risk on €, £ ..etc. Maybe, it seems stupid, but it function like that.
(60 pips is a piece of cake? imagine only you put 10 or 50 standard lots you could loose which i never hope to any here)!
If you resist at heart attack, you will be rich from trading.
  • #158,962
  • Aug 18, 2009 2:48pm Aug 18, 2009 2:48pm
Quoting alex1976
Angelina, to see if I understand you correctly, are you now looking at Resistance on 4hr and daily now, looking for 15min to give you indication of retracement?
yes Alex, but sometimes I follow the trend also but if it not pullback to 61.8% I would not trade, 31.8 is good one but depends on how the drop or swing came be4 that pull.
  • #158,963
  • Aug 18, 2009 2:51pm Aug 18, 2009 2:51pm
Quoting allserene
Lot of bro's on here - you must all be living in a big house somewhere with a shared router


Ah well market is in siesta time so i will do that too
No way for scalping tonight!
If you resist at heart attack, you will be rich from trading.
  • #158,964
  • Aug 18, 2009 2:55pm Aug 18, 2009 2:55pm
Quoting Ilovefx
No way for scalping tonight!
Nope

DOW finishing in 5 minutes and up 83.6

Bought some more DOW shorts but I may have to wait a while to milk em

Just buying insurance

Hewlett P results out soon after market close and will probably be good
  • #158,965
  • Aug 18, 2009 2:55pm Aug 18, 2009 2:55pm
any one belives that the down trend of cable to 1.6200 has started ???
  • #158,966
  • Aug 18, 2009 2:59pm Aug 18, 2009 2:59pm
Quoting zameer
any one belives that the down trend of cable to 1.6200 has started ???
I think she will retest this level again so if she drop down now, I will buy again.
  • #158,967
  • Aug 18, 2009 3:01pm Aug 18, 2009 3:01pm
Quoting Petar_Serbia
1000 pips at previus week

This Week for now 300 ...
1300 pips for 7 days ...




Good piping guys....

is that all ??? ... weak !!!!


this kind of bs post is why you are not seeing as many posts from me this week
Blogging daily now at www.volume.zone
  • #158,968
  • Aug 18, 2009 3:02pm Aug 18, 2009 3:02pm
Quoting Angelina
yes Alex, but sometimes I follow the trend also but if it not pullback to 61.8% I would not trade, 31.8 is good one but depends on how the drop or swing came be4 that pull.
I tried to understand your technic. It seems very interesting.
You are always waiting for a pull back by the daily? Your target is fixed by 4H, and entry point is with 15mn candles, right?

What do you expect if daily FIB level is touched, and then no sign of pull back?
If you resist at heart attack, you will be rich from trading.
  • #158,969
  • Aug 18, 2009 3:06pm Aug 18, 2009 3:06pm
Quoting Ilovefx
I tried to understand your technic. It seems very interesting.
You are always waiting for a pull back by the daily? Your target is fixed by 4H, and entry point is with 15mn candles, right?

What do you expect if daily FIB level is touched, and then no sign of pull back?
if It shows no sign of pull back I will wait for the break then see the signal on 15ms chart conform the trend, but if it not clear I will trade on other pairs thou.. ^^
  • #158,970
  • Aug 18, 2009 3:07pm Aug 18, 2009 3:07pm
Quoting allserene
Nope

DOW finishing in 5 minutes and up 83.6

Bought some more DOW shorts but I may have to wait a while to milk em

Just buying insurance

Hewlett P results out soon after market close and will probably be good
Good luck, i'm trading pairs only. No commodities, no dow, no companies CFD. Nothing, except some shares with absolute no risk.
If you resist at heart attack, you will be rich from trading.
  • #158,971
  • Aug 18, 2009 3:11pm Aug 18, 2009 3:11pm
Quoting Ilovefx
I'm still wondering about market reaction of today. All news were bad, but market instead to go down, went up, ignoring the bad news.

Really, no way to know which direction take the market!

no you got it wrong ... PPI down .... but housing data up a little and Home Depot made about the same as last year ...

wow they really use any news to drive markets up.

Home Depot earnings are up as liekly those that wanted to move are not moving and renovating house instead ..so do not worry Home depot made 1 billion but overall housing sector losing 300 to 400 billion per year . Hone Depot is going to carry the US to economic recovery. In addition I think there were one or 2 retailers beat eps expectations. HOld on that was for the period a while ago , were retail sector reports lower than expected last month ?

. This really is how screwed up the US is and how narrow their minds are.
Blogging daily now at www.volume.zone
  • #158,972
  • Aug 18, 2009 3:12pm Aug 18, 2009 3:12pm
YOYOYOYO, tomorrow US Crude oil inventory. Maybe some nice pips if news are very bad!
If you resist at heart attack, you will be rich from trading.
  • #158,973
  • Aug 18, 2009 3:15pm Aug 18, 2009 3:15pm
looks to me like sellers took advantage of strength in gbp today

now got to see what tomorrow brings

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #158,974
  • Aug 18, 2009 3:16pm Aug 18, 2009 3:16pm
Quoting bharatw
Hi Angelina,

I found your post quite interesting. I am still little confused regarding the 0 & 100 Fib drawn on the d, 4h & 15m. Are they drawn from different lows and highs on each timeframe. Can you please elaborate the approach in detail. Thanks for your help.

Regards,

The One
I dont count the highest candle of chart to start for the 0%, I pick the lowest or highest MACD from the opposite site(the closest one) for the 0%. Hope you can get it if not let me know I will post the example chart ^^.
  • #158,975
  • Aug 18, 2009 3:19pm Aug 18, 2009 3:19pm
Quoting Ilovefx
Good luck, i'm trading pairs only. No commodities, no dow, no companies CFD. Nothing, except some shares with absolute no risk.
CFD and spreadbet - those were the days in yookay

I am mucho cash just now but only trying to avoid a 5% drop in shares - then I will return with a bang as will the rest of the world

Send the DOW to 9700 then I am cash again

I know these % are not much, but better than 0.2% less tax in the Halifax.

Ah 7% and no risk - those were the days and only a short while since

Right off to buy a magazine for my machine gun - it's what we do in the wild west - see ya on the ice
  • #158,976
  • Aug 18, 2009 3:19pm Aug 18, 2009 3:19pm
Quoting malcolmb14
no you got it wrong ... PPI down .... but housing data up a little and Home Depot made about the same as last year ...

wow they really use any news to drive markets up.

Home Depot earnings are up as liekly those that wanted to move are not moving and renovating house instead ..so do not worry Home depot made 1 billion but overall housing sector losing 300 to 400 billion per year . Hone Depot is going to carry the US to economic recovery. In addition I think there were one or 2 retailers beat eps expectations. HOld on that was for the period...

Thanks for the info. I'm looking always for previous, forecast and actual. I'm not malcolmb to analyze like that .

As simple as i'm working only with charts and waiting news with pending orders with my trailing stop, i was expecting for lower low after reading numbers.
If you resist at heart attack, you will be rich from trading.
  • #158,977
  • Aug 18, 2009 3:25pm Aug 18, 2009 3:25pm
LH on H4 is pointing to take short positions, By Thur cable should be in the region of lower 6200, by 24th below 1.6.
LH is usualy followed by??? ________ a LL, that is my taking after this up day for the cable.
Make sure losses are small and profits are bigger!
  • #158,978
  • Aug 18, 2009 3:31pm Aug 18, 2009 3:31pm
Quoting malcolmb14
looks to me like sellers took advantage of strength in gbp today

now got to see what tomorrow brings

Attachment
Héhé, futures? Never. I'm feeling approching explosion when market moves against me after different calculation to establish entry point and target, and with future i had to take in my calculation the time? Never. It's good with pairs. If i can make good money from, i'll be happy.
If you resist at heart attack, you will be rich from trading.
  • #158,979
  • Aug 18, 2009 3:38pm Aug 18, 2009 3:38pm
GBPUSD: Although British pound has retreated almost -4% after making a 10-month high above 1.7 in early August, current price level remains slightly above the fair value as anticipated in the street. Therefore, pullback will be seen before rise resume later this year.
After the BOE has extended the asset purchase program to 175B pound, the market has dramatically lost interest in the pound. The majority of analysts in the street have forecast the pound to depreciate against the euro. All of Credit Suisse, Morgan Stanley and JP Morgan recommended to long EUR/GBP.
Going into 2010, GBP may rally against the dollar based on the idea that the BOE will increase interest rates faster than the Fed. HSBC sees GBPUSD to rise to 1.75 by the end of 2010.
  • #158,980
  • Aug 18, 2009 3:38pm Aug 18, 2009 3:38pm
Here is my take on things...
Attached Image (click to enlarge)
Click to Enlarge Name: guls.JPG Size: 155 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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