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Cable Update (GBPUSD)

  • #198,061
  • Feb 4, 2010 2:33am Feb 4, 2010 2:33am
Quoting mygoldenpips
sorry newbie want to ask qustion here....at what time decision of BOE and BCE we will know...coz at calender...it say tentative....any one can help?
If you click on the Folder icon under the Detail column it usually explains why..

BOE MPC - Listed as a 'Tentative' event because the statement is usually only issued if the Official Bank Rate changes (except under extreme conditions). If the statement is not issued this event will be removed from the calendar immediately following the rate release. If issued, the Tentative mark will be discarded;
  • #198,062
  • Feb 4, 2010 2:37am Feb 4, 2010 2:37am
Big news with MPC decision later, if they halt QE, what do you think is the expected outcome? Good for the £ or $?
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  • #198,063
  • Feb 4, 2010 2:44am Feb 4, 2010 2:44am
How about the Hallifax HPI? bullish or bearish...?
... All good things come to those who wait...
  • #198,064
  • Feb 4, 2010 2:49am Feb 4, 2010 2:49am
I expect a light up movement... to 1.5900... just Hallifax will show 6% aprox... then bearish
... All good things come to those who wait...
  • #198,065
  • Feb 4, 2010 2:49am Feb 4, 2010 2:49am
down-up down-up cmon go down, when it's happening like this makes ppl very nervous and they do mistakes because of impatience..
  • #198,066
  • Feb 4, 2010 2:50am Feb 4, 2010 2:50am
Maybe I´m wrong...
... All good things come to those who wait...
  • #198,067
  • Feb 4, 2010 3:02am Feb 4, 2010 3:02am
Quoting ZeroPip
Maybe I´m wrong...
Maybe You´re right..
Always looking the GREAT, never left GOOD Point...
  • #198,068
  • Edited 3:50am Feb 4, 2010 3:05am | Edited 3:50am
Quoting ZeroPip
I expect a light up movement... to 1.5900... just Hallifax will show 6% aprox... then bearish

GBP
Halifax HPI m/m
http://cdn.forexfactory.com/images/m...etail_star.gif 0.6%

Beware with NEWS in 1st Hour again !!

Change... in 3rd Hour !
Always looking the GREAT, never left GOOD Point...
  • #198,069
  • Feb 4, 2010 3:05am Feb 4, 2010 3:05am
Javapips,

Pocketed the second one at 1.5871. Exceeded daily target.

My base chart is D1 chart, so, 100++ should be reasonable, especially GU, the average daily swing is about 200 pips.

It does take sometime to transform myself from H1 to D1, the degree of confident on direction must be very high, otherwise, will be very nervous during trading.

Not to say I am good at this moment, do mast up the trade and miss judge the direction sometime.

Wish that you enjoy your trading as well.
Face both Win and Lose bravely
  • #198,070
  • Feb 4, 2010 3:16am Feb 4, 2010 3:16am
Quoting Cowboy11
Javapips,

Pocketed the second one at 1.5871. Exceeded daily target.

My base chart is D1 chart, so, 100++ should be reasonable, especially GU, the average daily swing is about 200 pips.

It does take sometime to transform myself from H1 to D1, the degree of confident on direction must be very high, otherwise, will be very nervous during trading.


Wish that you enjoy your trading as well. ...

ok..,you are Good..., not every one can trade with daily chart..,
I will be the number one Manager.
  • #198,071
  • Feb 4, 2010 3:20am Feb 4, 2010 3:20am
Quoting kray_85
I think the price will go down..because the ema 82 is above current price. From what i read from breakout thread method,ema 82 above current price 3-4 hours before london session open is the signal that price will breakout to lower price when market open..

just predict from what i learn..
Thanks. I have learnt something new. This case was right for the last four days out of five. So it is a good edge. [IMG]file:///C:/DOCUME%7E1/Wilson/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
  • #198,072
  • Feb 4, 2010 3:35am Feb 4, 2010 3:35am
Does anyone use Vegas tunnel system and is it good?
Replay appreciated
  • #198,073
  • Feb 4, 2010 3:37am Feb 4, 2010 3:37am
Where the cable going down. What are the levels we may see the market going back upward?
  • #198,074
  • Feb 4, 2010 3:40am Feb 4, 2010 3:40am
The market is already oversold now. On my charts here, I see the stochastic oscillator at 25 and the RSI at 28. Well can we buy here now.
  • #198,075
  • Feb 4, 2010 3:42am Feb 4, 2010 3:42am
Quoting LetsTrade
Thanks. I have learnt something new. This case was right for the last four days out of five. So it is a good edge. [IMG]file:///C:/DOCUME%7E1/Wilson/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]
IMO, you are putting way to much into it. Look at the chart...zoom out if you can't see it. We broke all the current lows, from previous week, day, 4H, month etc. We are heading for December's low. Look at the fib lines, Broke all 100 fibs, moving for targets 138.2 and 161.8. All MA are pointing to the direction it is moving, from the 1M chart all the way up. compressions spread out with a nice downward sloping angle. Channels are all down. Candlestick patterns show continuation patterns. Broke all flags and triangles moving downward.

I am all for scalping but I like to scalp in the direction of the trend. Just my thoughts.

C.
  • #198,076
  • Feb 4, 2010 3:45am Feb 4, 2010 3:45am
For the record though, this is a good spot for a retracement. May or may not.

Quoting Ctic
IMO, you are putting way to much into it. Look at the chart...zoom out if you can't see it. We broke all the current lows, from previous week, day, 4H, month etc. We are heading for December's low. Look at the fib lines, Broke all 100 fibs, moving for targets 138.2 and 161.8. All MA are pointing to the direction it is moving, from the 1M chart all the way up. compressions spread out with a nice downward sloping angle. Channels are all down. Candlestick patterns show continuation patterns. Broke all flags and triangles moving downward.

I am all...
  • #198,077
  • Feb 4, 2010 3:52am Feb 4, 2010 3:52am
Quoting tundeakins
Where the cable going down. What are the levels we may see the market going back upward?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 18 KB



I'll think the best price to buy is 1.5760 n averaging on 1.5700..... it's look like have a good retracement to level 1.5885

have a nice trading guys......
carefull wait till MPC tonight n NFP tomorrow
  • #198,078
  • Feb 4, 2010 3:55am Feb 4, 2010 3:55am
support 1,5850. If break, it will be very big red candle...

There was some bigger activity around 65 with stop hunting...

IMHO, they are only trying to get better price before failing somewhere...
Attached Image (click to enlarge)
Click to Enlarge Name: f4.gif Size: 23 KB
  • #198,079
  • Feb 4, 2010 3:57am Feb 4, 2010 3:57am
Quoting Fana
support 1,5850. If break, it will be very big red candle...
Yes, weekly support is 1.5790 and monthly is 1.5700
  • #198,080
  • Edited 4:13am Feb 4, 2010 3:59am | Edited 4:13am
i'm just thinking this movement...,
Dollar break 1.57xx or not is to hard to predicted with "technical"..,
Mr O possible to do that..., but how about england? is she will let it happen?
she could easily break Mr. O target too...,"Give high interest rate" and done, US will get dizzy...,
maybe it just about "economic politic" Mr O and England...,
if england accept Mr O "deal",...than all the problem are under control...,
US can get out from crisis and england not in danger place to get baton estafet crisis..,
all people Win, All people Happy..,
sure some one have to sad...,so who ? traders?..., why? cos price are "under control"

manize & damonl maybe not to worry cos they can scalp...,but how about daily or weekly or monthly trader (maybe not one of us, but remember they are our boss, price will not move without them...their money speak in market not our..., )

i don't know how to end this post, i want a happy ending..or give a solution..,but i'm no buddy (and i don't know the 'solution' too )....

so keep trading buddy..., your wife and children need some food to life...,
I will be the number one Manager.
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