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Cable Update (GBPUSD)

  • #195,881
  • Jan 26, 2010 12:39am Jan 26, 2010 12:39am
There We Go !






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Click to Enlarge Name: GBPUSD, H1_20100126.jpg Size: 71 KB
* Never Trust To Any Indicator *
  • #195,882
  • Jan 26, 2010 12:39am Jan 26, 2010 12:39am
Quoting digger1
lol, dont watch it too long all the bounces will make you nervous with you being used to longer charts

Lol,

I know what you mean. Fortunately my long entry was from yesterday at 1.6095 and I have my stop loss set at +85 pips. That is the best type of trade IMO. One that you don't have to worry about.
  • #195,883
  • Jan 26, 2010 12:41am Jan 26, 2010 12:41am
Quoting manize
Who dares long ? I reckon will go to at least 1.6300 (R1) ! Stop Loss 1.6170/180 ..... but I maybe wrong !
If it is going to turn short, this is about the point that it would do it..
  • #195,884
  • Jan 26, 2010 12:41am Jan 26, 2010 12:41am
Quoting Ctic
This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..
Oanda have 5 seconds chart..

that will be good for eyes exercise..
Patience + Discipline =
  • #195,885
  • Jan 26, 2010 12:44am Jan 26, 2010 12:44am
Quoting Ctic
If it is going to turn short, this is about the point that it would do it..
I watch to catcht it !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,886
  • Jan 26, 2010 12:46am Jan 26, 2010 12:46am
Quoting Ctic
Lol,

I know what you mean. Fortunately my long entry was from yesterday at 1.6095 and I have my stop loss set at +85 pips. That is the best type of trade IMO. One that you don't have to worry about.
thts for sure always a little relief when you can get some profit locked in and for get about it.
  • #195,887
  • Jan 26, 2010 12:46am Jan 26, 2010 12:46am

I bought a new Chevy Avalanche

And returned to the dealer yesterday
Because I couldn't get the radio to work.
The salesman explained that the radio was voice activated.


'Nelson,' the salesman said to the radio.


The radio replied, 'Ricky or Willie?'


'Willie!' he continued and 'On The Road Again'
Came from the speakers.


Then he said, 'Ray Charles!', and in an instant
' Georgia On My Mind' replaced Willie Nelson.
I drove away happy, and for the next few days,
Every time I'd say, 'Beethoven,'
I'd get beautiful classical music, and if I said,
'Beatles,' I'd get one of their awesome songs.


Yesterday, some guy ran a red light
And nearly creamed my new truck,
But I swerved in time to avoid him.


I yelled, 'Ass Hole!'
Immediately the radio responded with,
"Ladies and gentlemen,
The President of The
United States



Damn I love this truck...

Explains why the USD is going to lose value.

  • #195,888
  • Jan 26, 2010 12:49am Jan 26, 2010 12:49am
Quoting manize
Who dares long ? I reckon will go to at least 1.6300 (R1) ! Stop Loss 1.6170/180 ..... but I maybe wrong !

Not so interested in all the noise, of course cable is bouncing, but I am holding long, and looking for 1.6349 and more.
Trade Like a Robot make money Like a Bank
  • #195,889
  • Jan 26, 2010 12:49am Jan 26, 2010 12:49am
Quoting Ctic

I bought a new Chevy Avalanche


And returned to the dealer yesterday

Because I couldn't get the radio to work.
The salesman explained that the radio was voice activated.




'Nelson,' the salesman said to the radio.

...
ha ha ha , some more of the feds transparent "we want a strong dollar" policy, such a joke when them dickheads say tht lol
  • #195,890
  • Jan 26, 2010 12:53am Jan 26, 2010 12:53am
Quoting Ctic
This is fun... I normally do not watch the 1 minute chart but I am trying something here. I am watching the dancing candle..up..down..up..down...up...down... and 1, and a 2 and a 3 and a 4..

Dancing with Pips...
Always looking the GREAT, never left GOOD Point...
  • #195,891
  • Edited 1:09am Jan 26, 2010 12:57am | Edited 1:09am
Quoting raz
Not so interested in all the noise, of course cable is bouncing, but I am holding long, and looking for 1.6349 and more.
So sorry disturb the atm !

Quoting manize
Thank you ! Second on it ! I think still up to perform perfectly compression before reversed huge down ! The next major support is 1.6185/199 ! Easy to be understood if 1.6185 is broken ---> down ! If broken up 1.6216 again up !

I don't talk about tomorrow ( long term) trend, currently the unknown area is 1.6185 - 1.6216, go beyond on H4 ( London session open) we'll see the major trend for today !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,892
  • Jan 26, 2010 12:59am Jan 26, 2010 12:59am
I wonder how close the GDP will be to the forecasts!?

http://2.bp.blogspot.com/_8JkERDAYi3...ar+Darling.gif
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  • #195,893
  • Jan 26, 2010 12:59am Jan 26, 2010 12:59am
lets see if my 6240 area holds up. Trying for 6280. Nite all.
  • #195,894
  • Jan 26, 2010 1:02am Jan 26, 2010 1:02am
Quoting poundforex
I wonder how close the GDP will be to the forecasts!?

http://2.bp.blogspot.com/_8JkERDAYi3...ar+Darling.gif

It is 0.6 will be the actual.
  • #195,895
  • Jan 26, 2010 1:05am Jan 26, 2010 1:05am
Quoting poundforex
I wonder how close the GDP will be to the forecasts!?

http://2.bp.blogspot.com/_8JkERDAYi3...ar+Darling.gif
You've made the point...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #195,896
  • Jan 26, 2010 1:06am Jan 26, 2010 1:06am
0.6 - an optimist I see
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  • #195,897
  • Jan 26, 2010 1:08am Jan 26, 2010 1:08am
GU sell @6237 before news
  • #195,898
  • Jan 26, 2010 1:12am Jan 26, 2010 1:12am
I don't trade this but I like to speculate a bit, I'd go for the total opposite and go for a buy, the USD is too weak to let the pound fall by any substantial amount.
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  • #195,899
  • Jan 26, 2010 1:16am Jan 26, 2010 1:16am
Quoting Ctic
It is 0.6 will be the actual.
Source?
  • #195,900
  • Jan 26, 2010 1:18am Jan 26, 2010 1:18am
Quoting poundforex
I wonder how close the GDP will be to the forecasts!?

http://2.bp.blogspot.com/_8JkERDAYi3...ar+Darling.gif
Or might it be a positive data that will be revised lower latter. Why? Because maybe the UK gov't wants the GBP strength to remain for few more weeks. Thats one possiblity. Wait and see
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