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Cable Update (GBPUSD)

  • #206,381
  • Mar 16, 2010 6:58am Mar 16, 2010 6:58am
Quoting ovic
i think the 1.5170 area will hold... have a pending order there
going by the position of my tail and 1 hour macd, i think the fart is powerful enough to blow through and through so i would not advise shorts
  • #206,382
  • Mar 16, 2010 6:59am Mar 16, 2010 6:59am
Quoting forexlion
the girl is more pwerful 5202 is previous week close and 5170 is current week open

so i am trying to see who is more gorgeous here
gu might go down 20 pips now. while i was writing it it did go down:-)
  • #206,383
  • Mar 16, 2010 7:01am Mar 16, 2010 7:01am
Quoting forexlion
going by the position of my tail and 1 hour macd, i think the fart is powerful enough to blow through and through so i would not advise shorts
i remember posting this a few pages back

posting it again to refresh old memories http://t0.gstatic.com/images?q=tbn:H...old-couple.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: get4.gif Size: 113 KB
  • #206,384
  • Mar 16, 2010 7:02am Mar 16, 2010 7:02am
do any one knows how to trade efficently with moving averages because i am getting confused i have a lot of ways to trade but will stick to these two can any one please tell me some hints to their uses expecially rsi thanks
  • #206,385
  • Mar 16, 2010 7:08am Mar 16, 2010 7:08am
Quoting bbakker
The lesson I learned today: Trust your signal
The lesson I learned today was to stick to the original plan, the plan was to wait for a pullback and then long, well the pullback never came and I tried to be clever and short a non-existent retrace...and in so doing I willfully donated my pips to the pip god...
  • #206,386
  • Mar 16, 2010 7:09am Mar 16, 2010 7:09am
cable is at 1.5130 should i go south
  • #206,387
  • Mar 16, 2010 7:10am Mar 16, 2010 7:10am
Quoting Fudomyo
Check Google news for "Renminbi". Lots of articles with differing opinions about what may happen.

In short, there are high level meetings going on this week between the US and China prior to Wednesday's Federal Funds Rate announcement.

If they hammer something out, it's a possibility.
FOMC annc is today , not Wednesday
  • #206,388
  • Mar 16, 2010 7:10am Mar 16, 2010 7:10am
Gm call that there is resistance at 1/5150 an amazing call. Never ever doubt his calls.
  • #206,389
  • Mar 16, 2010 7:12am Mar 16, 2010 7:12am
Quoting Fudomyo
We may find out on the 29th after Europe DST changeover.

What I'm waiting to see is when China de-pegs the Renminbi.
(potentially this week)

Should be some truly mad PA.
Exactly...lots of players are sidelined atm because of that...

as for yuan I think it's highly improbable that chinese would completely allow their currency to float judging from their attitude right now....the most they'd probably do is widen their trading band just a little bit -- if even that...
Hear the music before the song is over ...
  • #206,390
  • Mar 16, 2010 7:12am Mar 16, 2010 7:12am
short from 5140, for various reasons
  • #206,391
  • Mar 16, 2010 7:12am Mar 16, 2010 7:12am
I really don't see China floating their currency. Their budget and debt situation is pretty ugly, and they need the export cash flow. Besides, they are not really in the mood to accommodate U.S. wishes at this point, and they probably will not want to spin the currency roulette wheel with the U.S. showing know backbone at this time.
  • #206,392
  • Mar 16, 2010 7:13am Mar 16, 2010 7:13am
Quoting Fudomyo
Check Google news for "Renminbi". Lots of articles with differing opinions about what may happen.

In short, there are high level meetings going on this week between the US and China prior to Wednesday's Federal Funds Rate announcement.

If they hammer something out, it's a possibility.
I'll give it some read! Tks!
  • #206,393
  • Mar 16, 2010 7:15am Mar 16, 2010 7:15am
Quoting Fudomyo
In short, there are high level meetings going on this week between the US and China prior to Wednesday's Federal Funds Rate announcement.
FOMC decision = today!

Usually they need to 2 days to come up with lies like "all is very well, the crisis is over ... but free money will be available for an extended period of time".

This time they only need 1 .. who knows .. they might tell the truth this time
  • #206,394
  • Mar 16, 2010 7:16am Mar 16, 2010 7:16am
Quoting antic81
The lesson I learned today was to stick to the original plan, the plan was to wait for a pullback and then long, well the pullback never came and I tried to be clever and short a non-existent retrace...and in so doing I willfully donated my tits to the tit god...
happens

just be careful next time

remember patience is money
  • #206,395
  • Mar 16, 2010 7:16am Mar 16, 2010 7:16am
Short...
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  • #206,396
  • Mar 16, 2010 7:21am Mar 16, 2010 7:21am
We just bought GBP USD at 15135. Target 15225.

bye,
  • #206,397
  • Mar 16, 2010 7:23am Mar 16, 2010 7:23am
Quoting forexlion
happens

just be careful next time

remember patience is money

Yeah, to me...all the time! HAHA!

Now I am considering a second attempt at the short side, again not looking for a massive down move 40 pips will do me fine, on the other hand I think the best thing I could do for my account is to walk away for a while...
  • #206,398
  • Mar 16, 2010 7:27am Mar 16, 2010 7:27am
Quoting antic81
Yeah, to me...all the time! HAHA!

Now I am considering a second attempt at the short side, again not looking for a massive down move 40 pips will do me fine, on the other hand I think the best thing I could do for my account is to walk away for a while...
news in 6min, might give direction...
@pawpaw1000 on Twitter
  • #206,399
  • Mar 16, 2010 7:28am Mar 16, 2010 7:28am
Quoting Fudomyo
That's what I'm expecting as well, at least from the official statements so far.

But you never know... there are benefits for China to do so. The main stumbling block atm is not having it appear as a "directive" from the West, but an internal decision.




You're right, announcement is Tuesday in your time zone, it's Wednesday in mine.
lol, your a day ahead , you should know what happened tell us please ha ha
  • #206,400
  • Mar 16, 2010 7:31am Mar 16, 2010 7:31am
Quoting pawpaw1000
news in 6min, might give direction...

Ah yes, keep forgetting the US time has changed, so used to 13:30 news (UK time) thanks for reminding me mate!
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