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Cable Update (GBPUSD)

  • #208,481
  • Mar 22, 2010 2:24am Mar 22, 2010 2:24am
small long at 1.4950
  • #208,482
  • Mar 22, 2010 2:32am Mar 22, 2010 2:32am
Usually there is a clear upward/downward signal by this time of the day. the lack of direction is making me nervous..
  • #208,483
  • Mar 22, 2010 2:33am Mar 22, 2010 2:33am
Interesting PA here. 4966 was briefly violated an hour ago and 4970 established, the PA on M5 is now showing respect for 4966 again, 4946 is a minor support formed on M5 which may give impetus to the lower move. Still waiting for my ma to catch up before I enter. I am still biased toward a short entry, just need the right setup. Patience, patience, patience.
  • #208,484
  • Mar 22, 2010 2:34am Mar 22, 2010 2:34am
Quoting Bitstream
Usually there is a clear upward/downward signal by this time of the day. the lack of direction is making me nervous..

Typical Monday, Franky boys are scratching their head staring at the coffee grounds.
  • #208,485
  • Mar 22, 2010 2:35am Mar 22, 2010 2:35am
Quoting cloggie
Interesting PA here. 4966 was briefly violated an hour ago and 4970 established, the PA on M5 is now showing respect for 4966 again, 4946 is a minor support formed on M5 which may give impetus to the lower move. Still waiting for my ma to catch up before I enter. I am still biased toward a short entry, just need the right setup. Patience, patience, patience.
I see it is respecting my ma on m15 and m30... I use 20 and 21 respectably...

saw the same on the m5. was wanting to say it entered a even tighter range the last 30 min...
@pawpaw1000 on Twitter
  • #208,486
  • Mar 22, 2010 2:38am Mar 22, 2010 2:38am
Quoting cloggie
Still waiting for my ma to catch up before I enter. I am still biased toward a short entry, just need the right setup. Patience, patience, patience.
i'm waiting too, but in my case, it is a long @ around 4970-4980 (at the moment) ... i'm still in a short signal...
  • #208,487
  • Mar 22, 2010 2:39am Mar 22, 2010 2:39am
Not a pretty sight for cable....
Attached Image (click to enlarge)
Click to Enlarge Name: cable.JPG Size: 125 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #208,488
  • Mar 22, 2010 2:42am Mar 22, 2010 2:42am
Quoting cloggie
Typical Monday, Franky boys are scratching their head staring at the coffee grounds.
B-day is nearly upon us... get ready to get your ar$e cleaned
  • #208,489
  • Mar 22, 2010 2:44am Mar 22, 2010 2:44am
Quoting bbakker
B-day is nearly upon us... get ready to get your ar$e cleaned

I don't see Darling coming up with anything sensible here, fait accompli, our beloved one eyed scottish idi@t is out.
  • #208,490
  • Mar 22, 2010 2:45am Mar 22, 2010 2:45am
Quoting Mathias83
i'm waiting too, but in my case, it is a long @ around 4970-4980 (at the moment) ... i'm still in a short signal...
I believe in that area you can start thinking about the long
  • #208,491
  • Mar 22, 2010 2:48am Mar 22, 2010 2:48am
Quoting cloggie
I don't see Darling coming up with anything sensible here, fait accompli, our beloved one eyed scottish idi@t is out.
Come on now, give our beloved one some credit... lazy, not one. I wonder if he gets incapacity benefit
  • #208,492
  • Mar 22, 2010 2:48am Mar 22, 2010 2:48am
wow, this is taking LOOOOOONG!
@pawpaw1000 on Twitter
  • #208,493
  • Mar 22, 2010 2:49am Mar 22, 2010 2:49am
Quoting pawpaw1000
wow, this is taking LOOOOOONG!
You can always go scalping.....
  • #208,494
  • Mar 22, 2010 2:50am Mar 22, 2010 2:50am
waiting for it to close below the daily s1 at 1.4915 before shorting
  • #208,495
  • Mar 22, 2010 2:51am Mar 22, 2010 2:51am
Quoting cloggie
You can always go scalping.....
no thanks... I prefer to wait for the break! This is anyways not even worth scalping
@pawpaw1000 on Twitter
  • #208,496
  • Mar 22, 2010 2:54am Mar 22, 2010 2:54am
Cable gets hit again during Asian trade

By Gerry Davies || March 22, 2010 at 06:40 GMT
|| 1 comment || Add comment
Cable continues to struggle, down at 1.4965 from a North American close Friday up around 1.5010. The pairing has been as low as 1.4934 in Asia.
The Ernst & Young ITEM club has come out warning that over-optimistic growth forecasts mean that the government needs to find another £10 bln in order to meet its commitment under the Fiscal Responsibility Act, while the CBI warns of fragile growth prospects.
Elsewhere weekend polls suggest we’re hurtling headlong toward a hung parliament at the next general election.
Sovereign buying has been noted overnight in cable, but so far it’s only managed to slow the slide rather than reverse the process.
  • #208,497
  • Mar 22, 2010 2:54am Mar 22, 2010 2:54am
Quoting pawpaw1000
no thanks... I prefer to wait for the break! This is anyways not even worth scalping

Especially as we are seeing lower highs and higher lows on M15 in the past 3 hours or so; tightening of the range, nice compression of the consolidation.
  • #208,498
  • Mar 22, 2010 2:57am Mar 22, 2010 2:57am
Quoting cloggie
Especially as we are seeing lower highs and higher lows on M15 in the past 3 hours or so; tightening of the range, nice compression of the consolidation.

tide could be changing..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trade2.gif Size: 25 KB
  • #208,499
  • Mar 22, 2010 2:59am Mar 22, 2010 2:59am
hey bb howz ya ?
  • #208,500
  • Mar 22, 2010 3:00am Mar 22, 2010 3:00am
Quoting cloggie
I don't see Darling coming up with anything sensible here, fait accompli, our beloved one eyed scottish idi@t is out.
Don't forget the 3p hike @ the forecourts already pencilled in, the thieving little runts. It's official, there are more holes here in Lame Thame than in Blackburn, Lancashire.
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