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Cable Update (GBPUSD)

  • #192,661
  • Jan 13, 2010 8:28am Jan 13, 2010 8:28am
Quoting RChio
Looks like the Bears are clawin back now... still slow but its there.

Hope it goes back to low 1.61... That's where I think the fair value is based on whats happened today...

The bull today happened but no real fundamental basis for such a large move.... I know all you smart guys knew it but for me I didn't really see any reason (news) that would have driven the price up to such a high level... not even market confidence except for the rumour that Interest Rates may go up earlier than expected... Key...
This is simply an investment banking bs .

There is no such thing like fair value! It's always "fair" as we're in a market.
  • #192,662
  • Jan 13, 2010 8:28am Jan 13, 2010 8:28am
USDIX update
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  • #192,663
  • Jan 13, 2010 8:30am Jan 13, 2010 8:30am
When the white bear gets so rotten u can gather so much cotton
Quoting dil
1
  • #192,664
  • Jan 13, 2010 8:34am Jan 13, 2010 8:34am
Quoting Mr. Krebs
This is simply an investment banking bs .

There is no such thing like fair value! It's always "fair" as we're in a market.
True it could be investment banking bs but hey... who moves the market?
  • #192,665
  • Jan 13, 2010 8:35am Jan 13, 2010 8:35am
Bear Vs Bull
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  • #192,666
  • Jan 13, 2010 8:36am Jan 13, 2010 8:36am
Quoting dil
guys just make short with 5 bilions $ and we will drop 200 pips
how u know????
  • #192,667
  • Jan 13, 2010 8:38am Jan 13, 2010 8:38am
Quoting m.haggag
be calm man ,it will go down a little bit at least , I think that Dil's bear do well
take care and put a sl cuz we are playing with strong bulls
I follow your system - put in a hedge - opposite position. Whenever I put SL they get hunted and then currency goes my way. Does it happen to you ?

Cheers.
  • #192,668
  • Jan 13, 2010 8:43am Jan 13, 2010 8:43am
Chart Pattern
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  • #192,669
  • Jan 13, 2010 8:44am Jan 13, 2010 8:44am
Quoting Baby-Trader
Hope you are right .
I'm trading what I think not what I see.
Hope my thinking going right.
Hope you are right man ! I too am in the Short-Boat !
  • #192,670
  • Jan 13, 2010 8:52am Jan 13, 2010 8:52am
Quoting vilas
I follow your system - put in a hedge - opposite position. Whenever I put SL they get hunted and then currency goes my way. Does it happen to you ?

Cheers.

ooh ,man
i didn't completely understand what u did but U shouldn't follow anyone's trading system U have to have ur own sys that u trust...

take care and be careful
  • #192,671
  • Edited 11:19am Jan 13, 2010 8:53am | Edited 11:19am
Potential Strategy
Approaching first level of converging resistance near 1.6336-.6354.
What is the trend? Neutral
What is this pattern? No pattern present
Why is this significant?
What other indicators or Fib Levels support this thesis?
Reason for Strategy


Support & Resistance Levels
Resistance 3 1.61340 daily pivot
Resistance 2 1.6413 daily pivot
Resistance 1
Current Price 1.6269
Support 1 1.6207 daily pivot
Support 2 1.6134 daily pivot (center line)

Support 3 1.6076 daily pivot

  1. http://gftnet.gftforex.com/images/co...16-16%20AM.pnghttp://gftnet.gftforex.com/images/co...16-35%20AM.png

  • #192,672
  • Jan 13, 2010 8:54am Jan 13, 2010 8:54am
Quoting vilas
Hope you are right man ! I too am in the Short-Boat !
Me too but thinking of jumping ship, bulls look too strong today. Need a close below 1.6268 on the 15 min very soon or else I'm out.
  • #192,673
  • Jan 13, 2010 8:55am Jan 13, 2010 8:55am
Did you see the size of that sell order that was just fed in? I would panic if I was long, put it that way.
  • #192,674
  • Jan 13, 2010 8:56am Jan 13, 2010 8:56am
Quoting dil
guys just make short with 5 bilions $ and we will drop 200 pips
you definitely wrong..I have been short with 10 billions $ but the price move up 100pips..
Patience + Discipline =
  • #192,675
  • Jan 13, 2010 9:04am Jan 13, 2010 9:04am
anyone knows what is NIESR uk gdp estimate, it should be known for 3 minutes, or at least deutche bank thinks so?
  • #192,676
  • Jan 13, 2010 9:06am Jan 13, 2010 9:06am
If u are at real regular work before America u will not get in trouble
  • #192,677
  • Jan 13, 2010 9:06am Jan 13, 2010 9:06am
I see another bull flag started in H1
  • #192,678
  • Jan 13, 2010 9:11am Jan 13, 2010 9:11am
Quoting Baby-Trader
I see another bull flag started in H1
Hi..BT..

do you still holding short?
Patience + Discipline =
  • #192,679
  • Jan 13, 2010 9:13am Jan 13, 2010 9:13am
this green uptrend makes me angry since yesterday
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  • #192,680
  • Jan 13, 2010 9:14am Jan 13, 2010 9:14am
Here we go finally, despite all the hoopla we had this morning by the Hot Money players, the GDP of UK indicated that it is still in a recession, it had only .3% growth in the 4rth qurater of last year...which makes it still in a recession....NOW TELL ME ..Why would GDP/USD go up from here? Say Good buy to the new Resistance Level , I dont think this is Gonna become a support level....

See you guys in Bahamas with bears...
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