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Cable Update (GBPUSD)

  • #184,841
  • Nov 26, 2009 1:46pm Nov 26, 2009 1:46pm
Quoting Dest_unknown
This is what I'm thinking at the moment
Agree with your first arrow, though maybe just a tad high. For your second arrow I have it a lot,lot deeper.
This space intentionally left blank.
  • #184,842
  • Nov 26, 2009 2:29pm Nov 26, 2009 2:29pm
Quoting FXAdvice
I just open long on 1.6482

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  • #184,843
  • Nov 26, 2009 3:00pm Nov 26, 2009 3:00pm
market sleep and forum quiet.
may be time to rest.
see you tomorrow all
never run after pips, let pips just come to you
  • #184,844
  • Nov 26, 2009 4:04pm Nov 26, 2009 4:04pm
Quoting micho
i am in long EURGBP at 0.9100 target adjustable 0.9131
Quote
target 0.9113 http://cdn.forexfactory.com/images/s.../yim/happy.gif

target 0.9111
When life gives you lemons, make lemonade
  • #184,845
  • Nov 26, 2009 5:18pm Nov 26, 2009 5:18pm
Quoting micho
i am in long EURGBP at 0.9100 target adjustable 0.9131
Quote
target 0.9113 http://cdn.forexfactory.com/images/s.../yim/happy.gif
target 0.9111

thats +19 to seal the day +386 +60 +28 + 19 = 493

still one trade running on GPBJPY +750 going to 139.05 hopefully
When life gives you lemons, make lemonade
  • #184,846
  • Nov 26, 2009 5:34pm Nov 26, 2009 5:34pm
looks like it's gonna be a bloody friday for gbp! it has broken the 6460 and probably will be heading towards 6250 area, which is next big resistance point! chikened out closed sell at 6510 for -15 pips. Darling's probable announcement of - 4.75% gdp will help to welcome the freefall
  • #184,847
  • Nov 26, 2009 5:41pm Nov 26, 2009 5:41pm
Quoting goodthings
The following data is based on this years price movement with the Gbp/Usd

It has moved a 100 pips the difference between the high and low 75% of the time 170/227days
The average distance between the High and Low is 138 pips.
It moves an average of 32 pips against the trend from the opening then reverses and moves 106 pips with the trend above or below its opening price.
The 23.6%retracement has been hit 96.4% of the time 219/227 days
The 38.2% retracement has been hit 82.88% of the time 188/227 days
The 50.0% retracement has been hit 70.4% of...
Very interesting info i may add
  • #184,848
  • Nov 26, 2009 5:45pm Nov 26, 2009 5:45pm
i need 40 more pips down on GPBJPY to get +1030 in one trade LOL
that would make it around +1500 in one day... fucking record
When life gives you lemons, make lemonade
  • #184,849
  • Nov 26, 2009 5:47pm Nov 26, 2009 5:47pm
Quoting micho
i need 40 more pips down on GPBJPY to get +1030 in one trade LOL
that would make it around +1500 in one day... fucking record


u go man, congrats!!!
  • #184,850
  • Nov 26, 2009 5:52pm Nov 26, 2009 5:52pm
Quoting micho
i need 40 more pips down on GPBJPY to get +1030 in one trade LOL
that would make it around +1500 in one day... fucking record
that is fucking great! i salut to you! that's great!
with all respect

andris
  • #184,851
  • Nov 26, 2009 5:56pm Nov 26, 2009 5:56pm
Who the hell has planned this move???????
  • #184,852
  • Nov 26, 2009 6:02pm Nov 26, 2009 6:02pm
You didn`t get all 1000 pips on GU today i guess... as it didn`t move that much...


This is all becouse of Dubai... but i somehow think we may see a rise from here... at least temporary.(i don`t do big timeframes)
  • #184,853
  • Nov 26, 2009 6:03pm Nov 26, 2009 6:03pm
thanks!!!
When life gives you lemons, make lemonade
  • #184,854
  • Nov 26, 2009 6:03pm Nov 26, 2009 6:03pm
A point to ponder...

This entire drop has happened within a period of time when the Americans were away from the market.

There might be a little retrace justice coming.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #184,855
  • Nov 26, 2009 6:09pm Nov 26, 2009 6:09pm
We didn`t even get to say it`s going up..... those were very fast 50 pips...

Now let`s see what`s next...


EDIT: If it closes the day higher... yesterday and today was the easyest price action in a while... Go up... make them all buy, drop(the drop was much bigger thanks to the Dubai news), come back and kill the bears too...
  • #184,856
  • Nov 26, 2009 6:16pm Nov 26, 2009 6:16pm
APPLAUSE

Quoting micho
i need 40 more pips down on GPBJPY to get +1030 in one trade LOL
that would make it around +1500 in one day... fucking record
  • #184,857
  • Nov 26, 2009 6:21pm Nov 26, 2009 6:21pm
I think we might see another sideways action. As of the moment there is bullish divergence forming in 4hr and 30 minute chart.

Let's see. No buy signal yet.
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We are the TREND. Resistance is futile...
  • #184,858
  • Nov 26, 2009 6:32pm Nov 26, 2009 6:32pm
Quoting micho
got short 128.21 target adjustable 127.05
target adjustable 127.29
When life gives you lemons, make lemonade
  • #184,859
  • Edited 8:35pm Nov 26, 2009 6:53pm | Edited 8:35pm
  •  sloof
  • | Joined Apr 2009 | Status: Birejji (ビレッジ) ►FOREX◄ | 141 Posts
Head and Shoulder's Pattern on G/U ... clearly visible on a 4HR chart
  • #184,860
  • Nov 26, 2009 7:03pm Nov 26, 2009 7:03pm
The reason for all the action was news that the highly leveraged Dubai World, a government investment company is attempting to reschedule its debt. The company is best known for its awe inspiring developments including the Palm Dubai which can be seen from space. A 50% drop in Dubai property values has the left the company in a precarious position with some US$ 59 billion in debt, US$ 12 billion of which is borrowed from Europe. The credit default swap market exploded on the news with the cost of protecting against borrowers defaulting on their loans rising to levels not seen since the dark days of the credit crisis.

Investors were left shell-shocked after a harrowing illiquid trading session saw one way traffic. Anything that is remotely associated with risk was shunned, seeing European stocks fall over 3%. The biggest casualties were the banks with massive drops accross the board. The list includes: Credit Suisse (-5%), HSBC (4.8%), Barclays (-8%), Lloyds (-5.75%) and Royal Bank of Scotland (-7.75%) The Aussie lost 200 points in the bloodbath, breaking straight through trendline support to start the day in the low 0.91's.
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