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Cable Update (GBPUSD)

  • #162,121
  • Sep 1, 2009 3:28am Sep 1, 2009 3:28am
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,122
  • Sep 1, 2009 3:29am Sep 1, 2009 3:29am
try trade that one 1 minute chart

holly mother of god......the big guns are back!
  • #162,123
  • Sep 1, 2009 3:31am Sep 1, 2009 3:31am
Quoting nAVIN2007
try trade that one 1 minute chart

holly mother of god......the big guns are back!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,124
  • Sep 1, 2009 3:31am Sep 1, 2009 3:31am
Quoting nAVIN2007
try trade that one 1 minute chart

holly mother of god......the big guns are back!
I see BEERS
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,125
  • Sep 1, 2009 3:35am Sep 1, 2009 3:35am
Quoting Bull_Bear
I see BEERS
to the beer....damn im on there side but that was momentum
  • #162,126
  • Sep 1, 2009 3:36am Sep 1, 2009 3:36am
I'm a buyer here @ 1.6260.....
Attached Image
Hear the music before the song is over ...
  • #162,127
  • Sep 1, 2009 3:36am Sep 1, 2009 3:36am
Quoting bbmac
Any sustained move above 6378 will confirm the 4hr HL? and things start to look bullish for the pairing? As BB shows on his chart there is a descending potential resistance trend line coming through around there on the 4hr/Daily.

Uk data in 5mins

G/L

http://i30.tinypic.com/w0qdk0.gif
BB2 or mac for short? Unfortunately as WB says, theres only one BB. You have earned my vouch for your past commentaries.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,128
  • Sep 1, 2009 3:36am Sep 1, 2009 3:36am
I was toying with the idea of selling...although it would have just been a punt...would have been a hell of a punt though!

I mannaged to come back and break my losing streak of last week, hopefully a sign of a good week!

What is everyone thinking about that south move, worth buying for a retrace?

Any thoughts?
  • #162,129
  • Sep 1, 2009 3:37am Sep 1, 2009 3:37am
now all we have to do is close and break the blasted low and i will be happy
Attached Image (click to enlarge)
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  • #162,130
  • Sep 1, 2009 3:37am Sep 1, 2009 3:37am
yeh price dropped further just ahead of the data on rumours then helped by the weak data, rumours correct lol..first decline on record re consumer lending
ex member
  • #162,131
  • Sep 1, 2009 3:39am Sep 1, 2009 3:39am
Quoting Bull_Bear
BB2 or mac for short? Unfortunately as WB says, theres only one BB. You have earned my vouch for your past commentaries.
Thanks BB, either one of those is good with me..
ex member
  • #162,132
  • Sep 1, 2009 3:39am Sep 1, 2009 3:39am
Quoting antic81
I was toying with the idea of selling...although it would have just been a punt...would have been a hell of a punt though!

I mannaged to come back and break my losing streak of last week, hopefully a sign of a good week!

What is everyone thinking about that south move, worth buying for a retrace?

Any thoughts?
plenty of sell orders came flooding in....order flow is a sign that we flex down..i was thinking how great would be be to break the high of the 4hr and the low as well in one candle..

if yur long after that...
  • #162,133
  • Sep 1, 2009 3:40am Sep 1, 2009 3:40am
Quoting GlobalMacro
I'm a buyer here @ 1.6260.....
I am 1.6256, after close short ! Looking for about 1.6300 or + 8 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #162,134
  • Sep 1, 2009 3:40am Sep 1, 2009 3:40am
Look at the screen now. 100 pips down in the two minutes that reuters had it before the market in general! It is pulling back a bit now. Big boys play!
  • #162,135
  • Sep 1, 2009 3:40am Sep 1, 2009 3:40am
By Laurence Norman
DOW JONES NEWSWIRES

LONDON (Dow Jones)--U.K. net consumer lending fell in July for the first time since records began in April 1993, although mortgage approvals edged up again, data from the Bank of England showed Tuesday.
July's lending data will compound worries about how the troubles in the financial sector are impacting the U.K. economy as it seeks to emerge from a deep recession.
Total consumer lending fell GBP635 million in July compared with a downwardly revised GBP223 million gain in June. The seasonally adjusted negative lending figure means there were more repayments of consumer debt than new loans.
Economists had expected net consumer lending of GBP500 million according to a Dow Jones Newswires survey last week.
The BOE originally reported consumer lending grew GBP414 million in June.
Net consumer credit fell GBP217 million in July compared with a GBP78 million gain in June. Mortgage lending fell GBP418 million in July compared with June's revised gain of GBP145 million.
The July lending data was worse than economists' forecasts for a GBP100 million rise in consumer credit and a GBP500 million mortgage lending increase.
While lending levels showed a surprise fall, mortgage approvals rose for the sixth consecutive month in July to a 14-month high of 50,123. Economists had expected approvals of 52,000.

Web site: www.bankofengland.co.uk

-By Laurence Norman, Dow Jones Newswires; 44 20 7842 9270; [b][i][email protected][/i][/b]
ex member
  • #162,136
  • Sep 1, 2009 3:42am Sep 1, 2009 3:42am
Quoting manize
I am 1.6256, after close short ! Looking for about 1.6300 or + 8 pips !


There you go...4 pips ahead....
Hear the music before the song is over ...
  • #162,137
  • Sep 1, 2009 3:42am Sep 1, 2009 3:42am
Quoting GlobalMacro
I'm a buyer here @ 1.6260.....
So am I...tet's see where it goes... Porfit taking area @1.6300??
Whta do you think?
  • #162,138
  • Sep 1, 2009 3:43am Sep 1, 2009 3:43am
Quoting GlobalMacro
I'm a buyer here @ 1.6260.....
Dame GM, this is a battle and a half...... looks like we like we all staying true to our plans.... lots of battles fought, no war won yet.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #162,139
  • Sep 1, 2009 3:47am Sep 1, 2009 3:47am
i managed to get that drop, am impressed.
  • #162,140
  • Sep 1, 2009 3:47am Sep 1, 2009 3:47am
Quoting nAVIN2007
plenty of sell orders came flooding in....order flow is a sign that we flex down..i was thinking how great would be be to break the high of the 4hr and the low as well in one candle..

if yur long after that...

I see what you mean, had a look on the 4 hr, could be a nice engulfing candle, but still 76 mins left of that candle...so who knows.

Looking at the 5 min, not sure if it will be able to make a 50% retracement on the news release.

How far south are you expecting?

Hows the live account going?

To be honest I never traded a demo, do you find that trading live changes your psychology at all?
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