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Cable Update (GBPUSD)

  • #199,681
  • Feb 15, 2010 9:17am Feb 15, 2010 9:17am
LOL.
Selling Gold Now.
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  • #199,682
  • Feb 15, 2010 9:23am Feb 15, 2010 9:23am
majority is a loser Market is short of money for majority. Only minority wins
Quoting kill56
am i the only one short in here
  • #199,683
  • Feb 15, 2010 9:28am Feb 15, 2010 9:28am
Quoting Baby-Trader
LOL.
Selling Gold Now.
salam how are bro where u been hiding darn u wife will kill u if u sell the gold
  • #199,684
  • Feb 15, 2010 9:37am Feb 15, 2010 9:37am
Quoting kill56
salam how are bro where u been hiding darn u wife will kill u if u sell the gold
Salam ya sa7by
I see you are doing well.
I'm busy at my work.
Just spot available opportunities in the Market.
  • #199,685
  • Feb 15, 2010 9:38am Feb 15, 2010 9:38am
The downward movement is caused by the thin of USD in the market due to US Bank holiday, but since Feb 8 shown that she crab up step by step !
If the downward movement breaks 1.5658 and then 1.5624, the bullish scenario maybe postphoned ! Otherwise upward pressure still prefail !

I maybe wrong !
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,686
  • Feb 15, 2010 9:46am Feb 15, 2010 9:46am
Quoting manize
The downward movement is caused by the thin of USD in the market due to US Bank holiday, but since Feb 8 shown that she crab up step by step !
If the downward movement breaks 1.5658 and then 1.5624, the bullish scenario maybe postphoned ! Otherwise upward pressure still prefail !

I maybe wrong !
When this info comes out - there will be a downward and a big one!!
  • #199,687
  • Feb 15, 2010 10:00am Feb 15, 2010 10:00am
Quoting Flo7
When this info comes out - there will be a downward and a big one!!
If able breaks 1.5587 and then 1.5532 ----> very difficult !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,688
  • Feb 15, 2010 10:01am Feb 15, 2010 10:01am
Quoting pilotui
Tgt 1 5665

Tgt 2 5611

SL @ 5722

-This could take a while.

This butterfly makes my decision easier...Tgt-2 mod- FE 100 @ 5648
TP1 hit +25 +75 on the day
  • #199,689
  • Feb 15, 2010 10:13am Feb 15, 2010 10:13am
Quoting manize
If able breaks 1.5587 and then 1.5532 ----> very difficult !
With inflation probably above 3% that would help GU to go down nicely - but maybe I am wrong - time will tell!!
  • #199,690
  • Feb 15, 2010 10:20am Feb 15, 2010 10:20am
Quoting Flo7
With inflation probably above 3% that would help GU to go down nicely - but maybe I am wrong - time will tell!!
If inflation comes in higher than expected (CPI predicted to be 3.5% y.o.y), with all else being equal, it should act as a support for cable, as it brings forward the likely date of monetary tightening by the MPC, thereby shifting the shape of the UK's yield curve favourably relative to that of the US.
  • #199,691
  • Feb 15, 2010 10:22am Feb 15, 2010 10:22am
cable swing around weekly pivot 1.5666

not to worry for shorter & longer, lets drain pips..
Patience + Discipline =
  • #199,692
  • Feb 15, 2010 10:22am Feb 15, 2010 10:22am
I see 5714 tonight
  • #199,693
  • Feb 15, 2010 10:42am Feb 15, 2010 10:42am
what price will be this hour closing?
5680?
  • #199,694
  • Feb 15, 2010 10:51am Feb 15, 2010 10:51am
Quoting gammase1
If inflation comes in higher than expected (CPI predicted to be 3.5% y.o.y), with all else being equal, it should act as a support for cable, as it brings forward the likely date of monetary tightening by the MPC, thereby shifting the shape of the UK's yield curve favourably relative to that of the US.
I completely understand what you are saying but I read that they won't be increasing interest rate for another year - whatever they do - UK economy doesn't look as good as they want us to believe...but then again time will tell...
  • #199,695
  • Feb 15, 2010 10:51am Feb 15, 2010 10:51am
Quoting manize
I'll go long again if stuck at 1.5667 - DP 1.5658 - 1.5647 ! I don't sure will reach 1.5630 again !
I went long again at 1.5653, I hope it is the right choice ! Try to be a long term trader, SL 1.5520, target will be thinking tomorrow !

OK happy trading all, let me turn off the laptop !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #199,696
  • Feb 15, 2010 2:22pm Feb 15, 2010 2:22pm
If i see green light i know my account,s live
  • #199,697
  • Feb 15, 2010 3:59pm Feb 15, 2010 3:59pm
Hey,
My view here.

http://www.forexfactory.com/showthre...65#post3465965
  • #199,698
  • Feb 15, 2010 4:25pm Feb 15, 2010 4:25pm
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here is my chart
  • #199,699
  • Feb 15, 2010 4:59pm Feb 15, 2010 4:59pm
buy limit @1.5643 TP 1.5710 SL 1.5570, what about you?
  • #199,700
  • Feb 15, 2010 6:03pm Feb 15, 2010 6:03pm
Quoting AshForex
Hi there everyone,

we are experiencing a short term correction at the moment. No major correlation with the EURO can be seen at the moment, mainly due to the Greek bail situation i guess.

I am looking for buys today.

looking for a retest of 1.5748 at this point.

the 1hour is looking bullish for the coming hours, waiting for a proper retracement at thos point.

Entry level at the moment is quite tricky as a bullish pin bar can be seen at this point on the 1hour. was expecting a bigger retracement. If this pin bar is taken out to the...
Hello again everyone, hope the day was good yesterday.

was quite slow with us bank holiday

Only one of my orders got triggeres for a 72 pips profit, cancelled the second order at 10 am EST.

Last week, the pound went south following the inflation report stating inflation is expected to fall to 0.9% by the 1st quarter of 2011 and BOE Governor King said its way too early to decide whether additional quantitative easing will be needed. Still, the pound finished the week slightly higher, due to USD weakness.
Got some news coming out to night, CPI
CPI expeceted to jump to 3.6% today, this is in response to effect caused by increasing VAT Tax.
Technical shows a short term (as far as i can see) bullishness in pound at the moment.
Scenario 1 -
If the CPI has a reading more than 3.6% ( ideally above 3.9%+) we may see a big jump in the pound of at least 45-60 pips couple of seconds before the news release.
If this is the case, i will enter the market for a buy on a pull back on the 1 minute timeframe only if the 45-60 pips are complete. if the 45-60 pips are not reached in the 3-5 first minute of the news release i will forget about trade.
or, i will use daily reversal levels to enter the market for a sell on an overbought level (each currency has a daily level it can reach before it reverses), that may be quite tricky with the technicals showing an already bullish move.
Scenario 2 -
This will be the best scenario at the moment.
If a number less than 3.6% is recorded (ideally 3.3% below), pound will head down by 45-60 pips just before the news is released.
Here i will enter for a buy at 1.5619 , Stop - 1.5569 , TP 1.5720 (the entry level may change before the release as i am taking into consideration the fact that the market will be slow until the UK session)
The second scenario will be ideal but we never know what the market has in store.
Good luck everyone and best of luck for today

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