Cable Update (GBPUSD)

1.5200 did good job

Strong fortifier

This is my analysis, i am SHORTTTTTTTTT from 1.5219 for a while. Looking at daily candle it hasn't formed any botoom, i see it around the 14sma daily after which it would rise for another 100pips

My t.p 1.5110 on this swing, then i look for long......... Hope you gat it, just watch it get there.............

Long term still BULLISH, but we would see some down turn definitely


My trade

Just come back out of the shower and still sitting pretty, but for how long

I hope it holds. i am already in 30 pip hole

Crackforex is addictive and I am hooked, line and sinker

It will retest 1.5200 as we approaching the BOE release time. Bellow that level it will free fall.

Unemployment Rate will be up 7.9 for 7.8 if not 8.

But I might be wrong.

Regards
Nectarios

My position is short with an entry of 1.5224, stop above todays high, 1.5270 with a taget of 50% of yesterdays move north, trade was looking ok for a while, not looking so good right now though as the support seems to be holding.

Yesterday one of my biggest mistakes was pulling out of a long at about 5 pips because I started second guessing myself, so today going to stick with it.

News is up in an hour or so, so will see where I am then.

Good luck!

Defo support around that 15204. Maybe the news will break it, maybe it will jump in the other direction. Maybe it is time to get out before the news. Decisions, decisions, decisions Time to take daughter to school. I have moved SL to BE. Can't lose either way

PREVIEW: UK Feb claimant count expected to rise a modest 8k, claimant count up to 5.1%

First Published Tuesday, 16 March 2010 from Need to Know News
The number of people filing UK unemployment claims and benefits is expected to show a modest rise in February, with the median forecast coming in at 8,000 from January's sharp 23,500 increase. Need To Know News will broadcast the data, live, on Scream Audio at 0930 GMT on Wednesday, March 17. The claimant count had fallen in the last two months of 2009 -- the first declines since February 2008 -- prompting many economists to point to a possible peak in unemployment and to argue that the UK economy was on the verge of recovery. However, the claimant count spiked up more than expected in the first month of 2010. "Another rise in unemployment would heighten concerns about the possibility of a double dip in the labour market, even if the wider economy manages to aviod a relapse," said Vicky Redwood, UK economist with Capital Economics. Whilst a more modest rise is expected in February, it will be enough to nudge the claimant count rate to 5.1% from 5% prior, according to the median estimate from a poll of economists. The ILO unemployment rate in the three months to January is expected to inch up to 7.9% from 7.8%. "The economy does not seem strong enough at this stage to prevent further job losses and the fall in unemployment late in 2009 had masked the fact that full-time employment was still falling appreciably," said Howard Archer, chief European economist at IHS Global Insight. The number of unemployed in the UK is expected to reach a 13-year high of 1.64 million, with the ILO unemployment level holding essentially flat at just under 2.5 million. Average weekly earnings, including bonuses, growth is expected to have risen to an annual rate of 0.9% in the three months to January versus 0.8% previously. Excluding bonuses, average weekly earnings are expected to rise to an annual rate of 1.3% in the three months to January from 1.2% prior. Earnings growth is expected to remain tepid due to high unemployment, job insecurity and corporate cost cutting.

Source: http://www.automatedtrader.net/real-...count-up-to-51

Good day to you,

Look at the chart. We agree that the marked zone represents a definite SR area.

I am of the opinion that this is/was a key area. Price has broken through this region yesterday. A very obvious area to enter long. Any significant move further north, may see price come back first to trigger stops sitting below this obvious level and to entice fresh shorts re-entering the market, before turning again for a proper run up...

Just opinion on one possible scenario. Could be very wrong as well.

Wish you success

Regards

This is probably already priced into the market. USD is showing weakness across the board. I am still on for the retrace though. GL ladies and gentlemen. Have fun and see you at work.

1. Scalping area 1.5208 - 1.5265.
2. If goes down I don't see to break DP 1.6155. It means watch carefully when touches this level !
3. Continue moves up should break 1.5282 on H1/H4 close/open.
4. Learning the habit during the news, on GBP news 04.30 am will draw down the cable untill 1.6155 perhaps if breaks 1.6187. On USD news on 07.30 am , 09.30 am and 01.00 pm ( Bernanke Testifies) wll pull up the cable again untill what level I don't know !

My last trade is short and already closed at 1.5210 ! Currently I am flat !

I maybe wrong !

nice to see you again bang...

Long all the way... We are going Up. Still holding my Long since yesterday... Ha!!!

Halo bro ..... hampir 2 minggu di karantina hitung tender ..... nggak sempat trading sama sekali ... !

About 2 weeks be quarantined .... can not trade ...

have a look at gbp/jpy poised and ready to rock of the 1 hr hammer. thats if the news is good i got an order abover the high

How have U bee? Long time brother...

Holding my shorts #274

Seems to be tightening up a lot at the moment...I guess the news is going to be the moment when we are most likely to break the support, if at all.

GU pretty ugly at the moment, definitely going to wait until after news before taking any positions. I might try and scalp a few pips if touching 1.5266 again.