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Cable Update (GBPUSD)

  • #202,041
  • Feb 26, 2010 3:29am Feb 26, 2010 3:29am
Quoting PipSqueeze
Interesting...could be early profit taking?? Just can't see how this release will help GBP. But will be a good one to watch.

1.5350 is immediate resistance if it does pop upwards.
This is where I see next immediate resistance.

Crushing through this could lead to a massive exodus and send price into the depths of H.E.(double hockey sticks).
Attached Image (click to enlarge)
Click to Enlarge Name: resist.jpg Size: 109 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,042
  • Feb 26, 2010 3:32am Feb 26, 2010 3:32am
what the.. 50 pips drop in 2 minutes??? O.O
  • #202,043
  • Feb 26, 2010 3:32am Feb 26, 2010 3:32am
Good numbers but price is collapsing, interesting.
  • #202,044
  • Feb 26, 2010 3:33am Feb 26, 2010 3:33am
Quoting forexer101
what the.. 50 pips drop in 2 minutes??? O.O
i swear this thread is blind.
  • #202,045
  • Feb 26, 2010 3:33am Feb 26, 2010 3:33am
Quoting forexer101
what the.. 50 pips drop in 2 minutes??? O.O
UK GDP
COT: The precious data ignored
  • #202,046
  • Feb 26, 2010 3:34am Feb 26, 2010 3:34am
yoy is -3.3
  • #202,047
  • Feb 26, 2010 3:34am Feb 26, 2010 3:34am
Quoting Magix
This is where I see next immediate resistance.

Crushing through this could lead to a massive exodus and send price into the depths of H.E.(double hockey sticks).
Uh...yeah, like this.
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Click to Enlarge Name: yeah.jpg Size: 107 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,048
  • Feb 26, 2010 3:42am Feb 26, 2010 3:42am
Quoting forexer101
what the.. 50 pips drop in 2 minutes??? O.O
News plus first touch of one hour ema 50 since yesterdays drop...
  • #202,049
  • Feb 26, 2010 3:43am Feb 26, 2010 3:43am
after news battle clouds cleared +32p down and up
  • #202,050
  • Feb 26, 2010 3:43am Feb 26, 2010 3:43am
even positive GDP (might not be the case yoy) can't lift the stirling at all ... I think I would stay short for long term ... just my 2c
  • #202,051
  • Feb 26, 2010 3:49am Feb 26, 2010 3:49am
Hi All,
I'm flat today in GU & GJ but I'm bullish and waiting to get the best entry.

Good Luck All.
  • #202,052
  • Feb 26, 2010 3:49am Feb 26, 2010 3:49am
UK GDP is good: 0.3. Signalling UK has recovered from recession. BOE may raise interest rate
Give me patience
  • #202,053
  • Feb 26, 2010 3:50am Feb 26, 2010 3:50am
So, UK is rising up from the recession faster than expected. Let's see how far this good news will propel the Cable today
  • #202,054
  • Feb 26, 2010 3:50am Feb 26, 2010 3:50am
Quoting Bullfx
UK GDP is good: 0.3. Signalling UK has recovered from recession. BOE may raise interest rate
With a 0.3 gdp and one of the worst economy ever you really think they'll want to increase rate ? lol
COT: The precious data ignored
  • #202,055
  • Feb 26, 2010 3:53am Feb 26, 2010 3:53am
Quoting kuroro001
With a 0.3 gdp and one of the worst economy ever you really think they'll want to increase rate ? lol
by this recover speed, not gonna happen in a year mate
  • #202,056
  • Feb 26, 2010 3:53am Feb 26, 2010 3:53am
Quoting Baby-Trader
Hi All,
I'm flat today in GU & GJ but I'm bullish and waiting to get the best entry.

Good Luck All.

Even today? Last Friday of the month?
  • #202,057
  • Feb 26, 2010 3:54am Feb 26, 2010 3:54am
Quoting Bullfx
UK GDP is good: 0.3. Signalling UK has recovered from recession. BOE may raise interest rate
If they raise interest rate, sell GBP
  • #202,058
  • Feb 26, 2010 3:55am Feb 26, 2010 3:55am
salam hi all

its friday any thing could happen carefull room
  • #202,059
  • Feb 26, 2010 3:56am Feb 26, 2010 3:56am
If GDP has been confirmed higher and the possibilty of higher intrest rates looms(not for a while me thinks), why did the £ drop 30ish ticks? i thought I had a good one going.
  • #202,060
  • Feb 26, 2010 4:01am Feb 26, 2010 4:01am
ok this is friday, we know that it could be the crazy day...
so i want to give some number,,, i hope it's good..,if not...so sorry...


SELL @ 1.5384 (if being touched)
SL = as far as you can..., hehehe kidding..., as you comfort above 1.5392 , go farther than that i wrong...
TP = as you want (this time i'm not kidding)

if you need some chart, i've posted it last night.
if you interested in that number, use limit order.
strong up trend also 'possible' to occur. becarefull.

hope the best for you.
I will be the number one Manager.
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