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Cable Update (GBPUSD)

  • #174,181
  • Oct 8, 2009 5:58am Oct 8, 2009 5:58am
I have a feeling I may be altering some fibs/s/r/trend lines in a few mins, lol.

G/L all T-1min
ex member
  • #174,182
  • Oct 8, 2009 6:00am Oct 8, 2009 6:00am
Quoting Piters
Nothing Wrong to be WRONG and even collect 15p on GU..

YES I made a call with short entry of the Upper TL. and yes, PA hit my SL with 15p.. Was a good try and a nice R:R too..
Calls or entries are different as the nature of those trades are, trend, counter, scalps, swings..

http://www.forexfactory.com/showpost...&postcount=119

but..

keep WINNERS to run, and cut the LOSERS is all about in this game...

My GY...

[Chart]
I think that's the summary of million trading books, one thing is say it, another thing is make it, nice post , my view on GU and other pound pairs:

http://www.forexfactory.com/showpost...postcount=9241

I don't dare to short 'til 1.62 at least, price breaks the sym
Attached Image
, price close above 50 Ema 4h TF, close above F236, MACD daily charts cross bullish, price above daily Gann... etc.

Attached Image (click to enlarge)
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Trade your charts!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #174,183
  • Oct 8, 2009 6:00am Oct 8, 2009 6:00am
lol nothing significant
Trade Like a Robot make money Like a Bank
  • #174,184
  • Oct 8, 2009 6:02am Oct 8, 2009 6:02am
Downtrend ... BoE doesn't need stable gbp
  • #174,185
  • Oct 8, 2009 6:04am Oct 8, 2009 6:04am
The ACTUAL MOVE will not come before EUR rate news

BEWARE
  • #174,186
  • Oct 8, 2009 6:06am Oct 8, 2009 6:06am
BOE: MPC says current QE to take another month to complete.
  • #174,187
  • Oct 8, 2009 6:07am Oct 8, 2009 6:07am
Quoting forexlion
The ACTUAL MOVE will not come before EUR rate news

BEWARE


i will reply to your pm bit later brother, hands are tighted up right now
  • #174,188
  • Oct 8, 2009 6:08am Oct 8, 2009 6:08am
No change, but they still spiked it to a new high - very kind and my broker filled my sell too for ~50 pips in about 90 seconds......now to wait for the ECB guys......http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #174,189
  • Oct 8, 2009 6:09am Oct 8, 2009 6:09am
PA will normalize soon and return to the upmove.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,190
  • Oct 8, 2009 6:10am Oct 8, 2009 6:10am
Quoting Islander
No change, but they still spiked it to a new high - very kind and my broker filled my sell too for ~50 pips in about 90 seconds......now to wait for the ECB guys......http://www.forexfactory.com/images/icons/icon12.gif

for a recovery we need good news..i think

interest rate will probably stay the same...same old BS
  • #174,191
  • Oct 8, 2009 6:12am Oct 8, 2009 6:12am
Wheres Paul we need interpretation of the statement.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,192
  • Oct 8, 2009 6:13am Oct 8, 2009 6:13am
Good MAE everyone!!

Thought for a second my modem got busted, no (significant) movement. G/L everyone!!
  • #174,193
  • Oct 8, 2009 6:14am Oct 8, 2009 6:14am
...with volatility comes opportunity,...great 1min pinbar in a bearish divergence based reversal set-up following knee-jerk rise to 6095 area...

http://i37.tinypic.com/nz1h5.gif
http://i37.tinypic.com/suyn87.gif

Found support after that drop in that last 1hr previious swing hi=prev res=potential rbs zone with 50% of upmove confluence.

G/L for rest of session.
ex member
  • #174,194
  • Oct 8, 2009 6:17am Oct 8, 2009 6:17am
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves.

The Committee expects the announced programme to take another month to complete. The scale of the programme will be kept under review.

The minutes of the meeting will be published at 9.30am on Wednesday 21 October.


Dovish stance. I believe they are considering another expansion in the purchasing programme scale in next meeting.
  • #174,195
  • Oct 8, 2009 6:19am Oct 8, 2009 6:19am
Quoting Bull_Bear
PA will normalize soon and return to the upmove.
Agree....!!!
  • #174,196
  • Oct 8, 2009 6:20am Oct 8, 2009 6:20am
Quoting pso
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves.

The Committee expects the announced programme to take another month to complete. The scale of the programme will be kept under review.

The minutes of the meeting will be published at 9.30am on Wednesday 21 October.


Dovish stance. I believe they are...
we all stuffed and recovery my crack!!
downtrend...
  • #174,197
  • Oct 8, 2009 6:23am Oct 8, 2009 6:23am
Agree too...
  • #174,198
  • Oct 8, 2009 6:23am Oct 8, 2009 6:23am
Quoting pso
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £175 billion financed by the issuance of central bank reserves.

The Committee expects the announced programme to take another month to complete. The scale of the programme will be kept under review.

The minutes of the meeting will be published at 9.30am on Wednesday 21 October.


Dovish stance. I believe they are...
Cheers...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #174,199
  • Oct 8, 2009 6:25am Oct 8, 2009 6:25am
Quoting nAVIN2007
for a recovery we need good news..i think

interest rate will probably stay the same...same old BS
I´ll wait to hear what Trichet has to say - he's in a bit of a dilemma over rates etc....

Trichet may today signal his concern today by detailing how the ECB plans to unwind its policy of offering banks as much money they want for up to 12 months at the central bank’s benchmark rate, Callow said.
While lending to households and companies has almost ground to a halt, banks expanded their holdings of government bonds by 241 billion euros and their loans to the public sector by 34 billion euros in the first eight months of the year. That will fund almost half the euro area’s estimated 2009 budget deficit of 560 billion euros, Barclays estimates.
The yield on 10-year German bunds, the benchmark European government security, was between 3.1 percent and 3.2 percent this week, compares with a high this year of 3.75 percent on June 8, and a low of 2.85 percent.

The ECB will probably leave its key rate at 1 percent when its Governing Council meets in Venice today, according to all 53 economists in a Bloomberg News survey. It may keep the rate there until September 2010, a separate survey shows. It will announce its decision at 1:45 p.m.
When policy makers last convened to debate policy on Sept. 3, Trichet said afterward that governments “must now substantiate their commitment to ensuring a swift return to sound and sustainable public finances.”

The euro may also be pushed higher if governments force the ECB to act. The single currency is already irritating Trichet as its 17 percent rise against the dollar since February threatens profit at companies such as Metro AG, Germany’s largest retailer, and sporting-goods maker Adidas AG.
Trading Levels with WRBs
  • #174,200
  • Oct 8, 2009 6:25am Oct 8, 2009 6:25am
Guys,

What I see is just a perfect retracement to 61,8 fibo fan on H4 (yellow arrow)...so trend is still bearish.....but I agree with those waiting for Eur and Us news before shorting again

GL to all
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