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Cable Update (GBPUSD)

  • #194,121
  • Jan 19, 2010 3:54am Jan 19, 2010 3:54am
Quoting Geppyg
STOP LYING ABOUT YOUR TRADING .....

NO TRADER THAT HAS BEEN TRADING LONG ENOUGH POSTS LIKE YOU ......
I can guarantee that....they have sound analysis according to experiance
not just long now and short now.....
I give up carry on posting your trades...

Anyways....good luck....
Geppyg.
don't bother yourself with such posts.
let's post our analysis and thinking and discuss and comment about it.

regards.
  • #194,122
  • Jan 19, 2010 3:55am Jan 19, 2010 3:55am
Quoting Baby-Trader
why the news didn't push it by at least 100 pips up ????
Because where it stoped was a major daily resistance line that wasn't hit yet. Hit it, bounced off it, and will go back to it after some retrace.
  • #194,123
  • Jan 19, 2010 3:56am Jan 19, 2010 3:56am
Quoting Baby-Trader
why the news didn't push it by at least 100 pips up ????
May be the news was already priced in. Just my take though
  • #194,124
  • Jan 19, 2010 3:58am Jan 19, 2010 3:58am
Quoting Ctic
Because where it stoped was a major daily resistance line that wasn't hit yet. Hit it, bounced off it, and will go back to it after some retrace.
news alaways move this pair to break it's resistance and support on one way without a retrace.

now we are trading @1.6414 from 1.6460
  • #194,125
  • Jan 19, 2010 3:59am Jan 19, 2010 3:59am
Here Is Daily Chart

Just Guessing To Get Back From 61.8 % Toward 23%

6476 to 6076

I Will Respect To Your Coming Ideas If You Would Share Them.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD, D1_2010-01-19.jpg Size: 106 KB
* Never Trust To Any Indicator *
  • #194,126
  • Jan 19, 2010 3:59am Jan 19, 2010 3:59am
Would be a tad cautious on cables long the phase oversold to overbought or red to red phase has been completed genarally its time to short here ,and for me it has to set up another phase...cheers.
Attached Image (click to enlarge)
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  • #194,127
  • Jan 19, 2010 3:59am Jan 19, 2010 3:59am
Quoting vilas
Hi Great man. You, BB are one class ; lesser denizens follow you but can't emulate you so they make less "profound" posts just to feel "alive" - you must know trading is a lonely game - many come just to be in some "company".
So, enjoy your judgement and let others follow !
As per my previous post...

Quoting Bull_Bear
A bit of fun and games always add character to the FF.....

What I'm talking abt is the calibre of the posts and the calibre of the people posting. I remember this FF use to have a pool of talents and people eager to learn.

Have your say, its a free forum but add value and improve your trading ability by investing time here, not mindlessly wasting your efforts.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,128
  • Jan 19, 2010 4:00am Jan 19, 2010 4:00am
everyone look at EURUSD and see its tanking on H1
  • #194,129
  • Jan 19, 2010 4:00am Jan 19, 2010 4:00am
Quoting subterfuge
all done for today. Some very strange characters on this board, lol.
Nice Job ! Similar strategy to mine !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #194,130
  • Edited 4:49am Jan 19, 2010 4:00am | Edited 4:49am
Hadn't had a good fortune selling today but I will continue to do so.
Here's why

Euro data out in a few minutes .. when this divergence plays out, pound could possibly drop a bit. Time will tell, good luck
Attached Image (click to enlarge)
Click to Enlarge Name: eg.JPG Size: 63 KB
Thank You
  • #194,131
  • Jan 19, 2010 4:00am Jan 19, 2010 4:00am
I will wait to see if it test 1.6470 area, maybe good time to reload long!!!


Quoting Baby-Trader
why the news didn't push it by at least 100 pips up ????
  • #194,132
  • Jan 19, 2010 4:01am Jan 19, 2010 4:01am
Quoting Shad
Here Is Daily Chart

Just Guessing To Get Back From 61.8 % Toward 23%

6476 to 6076

I Will Respect To Your Coming Ideas If You Would Share Them.

This is my point too.
  • #194,133
  • Jan 19, 2010 4:03am Jan 19, 2010 4:03am
Quoting Baby-Trader
news alaways move this pair to break it's resistance and support on one way without a retrace.
now we are trading @1.6414 from 1.6460
Malcomb, Magix and I were joking that maybe it's affected by the whole Cadbury takeover.... but honestly.... £11bn enough to swing a currency like this??? Something else is up, but I don't know enough of the real world players/factors (currently studying that). Bear in mind (no pun) that UK has a pending election in the next 5 months so don't know if there's manipulation going on.

my 2 cents + salt
A pip is only worth it if you know how much you risked to earn it
  • #194,134
  • Jan 19, 2010 4:04am Jan 19, 2010 4:04am
Quoting Baby-Trader
news alaways move this pair to break it's resistance and support on one way without a retrace.

now we are trading @1.6414 from 1.6460
While that is true many times you have to look at timing factors. As you know (I think) because we have talked in the past on this forum, I am into trading multiple timeframe fibonacci lines and MA's. Although this is not fundamental analysis it is technical analysis. As I have said in many posts before 138.2 and 161.8 are targets. This news event hit

161.8 5 min chart
138.2 15 min chart
161.8 30 min chart
161.8 1 hour chart
138.2 4 hour chart
38.2 quarterly fib.

When you hit that many targets in a single event I have found in my experience that 99% of the time there is a retrace. Once the new fibs are drawn, we now will have new targets.
  • #194,135
  • Jan 19, 2010 4:07am Jan 19, 2010 4:07am
Quoting Ctic
While that is true many times you have to look at timing factors. As you know (I think) because we have talked in the past on this forum, I am into trading multiple timeframe fibonacci lines and MA's. Although this is not fundamental analysis it is technical analysis. As I have said in many posts before 138.2 and 161.8 are targets. This news event hit

161.8 5 min chart
138.2 15 min chart
161.8 30 min chart
161.8 1 hour chart
138.2 4 hour chart
38.2 quarterly fib.

When you hit that many targets in a single event I have found in my experience...
Thanks Ctic for your time and explaination.
  • #194,136
  • Jan 19, 2010 4:07am Jan 19, 2010 4:07am
Quoting wormboy
Hadn't had a good fortune selling today but I will continue to do so.
Here's why

Euro data out in a few minutes .. when this divergence plays out, pound could possibly drop a bit. Time will tell, good luck
Wormie you changed your identity tag mate....

I might change mine to a clown suit
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #194,137
  • Jan 19, 2010 4:07am Jan 19, 2010 4:07am
UK inflation is SHARPLY up in a recession, and this is supposed to be good for the currency? RPI had the largest ever monthly rise of the yearly figure.

Just because FF colours it green, that doesn't mean it's good boys and girls.

Initial spike due to traders ignorance as to what the figures actually mean IMHO.

I'm with the shorts.
  • #194,138
  • Jan 19, 2010 4:09am Jan 19, 2010 4:09am
weekly trendline played to the pip.
sl moved to be+1
Attached Image (click to enlarge)
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  • #194,139
  • Jan 19, 2010 4:09am Jan 19, 2010 4:09am
Quoting Shad
Here Is Daily Chart

Just Guessing To Get Back From 61.8 % Toward 23%

6476 to 6076

I Will Respect To Your Coming Ideas If You Would Share Them.

Shad,

Here is my monthly EM chart, sorry don't have fibs on that one. But as you can see it has been sideways for about a year now moving in this triangle . Until we break this either topside or bottomside, there is no reason to think that it won't keep going top to bottom and back to top. Just my thoughts
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 108 KB
  • #194,140
  • Jan 19, 2010 4:09am Jan 19, 2010 4:09am
Quoting vlady1974
Malcomb, Magix and I were joking that maybe it's affected by the whole Cadbury takeover.... but honestly.... £11bn enough to swing a currency like this??? Something else is up, but I don't know enough of the real world players/factors (currently studying that). Bear in mind (no pun) that UK has a pending election in the next 5 months so don't know if there's manipulation going on.

my 2 cents + salt
I see. but I can't put things together to get the result.
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