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Cable Update (GBPUSD)

  • #209,701
  • Mar 24, 2010 11:21am Mar 24, 2010 11:21am
Quoting kill56
best of luck to u bro greeny all the way

i do trust my dog not the goverment mr. King and Co. are in deep gold as the guy said if we do trust
I Got you Kill...

'Looks like you Love your Government,
about as much as i do mine!!! Ha!- I'd trust
your dog too more than your government, -or mine!

Thanks for the Greeny Pip's wish,
I was "blabbering" about here on the
thread, when i should've been trading,
Collecting the pips.

'Appreciate the Encouragement & the banter
back & forth!

-I'll hope to be w/you on the Bear Train,
Tomorrow, in the am hopefully,
Allow me some retrace here & keep the squirrels
& hand puppets in the drawer for a bit eh? !
Best of Pipping...

Jeff !
I will work to Objectively Identify my Edges
  • #209,702
  • Edited 11:41am Mar 24, 2010 11:22am | Edited 11:41am
Quoting javapips
i hate to say this, but all my indi since yesterday say bearish...,

i will buy next swing down...,i trade my ego... bet trader do this...


how are you jemmy bang manize? so busy this month?
Hi bro. Yes, I should focus on job target that delay due to more doing trading forex ... ha .... ha.....
Btw bearish still strong bro, previous 3 H1 candles close/open only moved 18 pips and now face down becarefull with long without tight SL !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #209,703
  • Mar 24, 2010 11:23am Mar 24, 2010 11:23am
Quoting radit27
hai jemmy....saya disini panas jarang hujan.....
hai radit27..

nice to meet you..

Brunei is a nice country, i am dreaming to visit there..
Patience + Discipline =
  • #209,704
  • Mar 24, 2010 11:25am Mar 24, 2010 11:25am
Quoting Jemmy
Hi JP..

this month open 11 trades so far..

many trades hit BE made me sick..
not losing is as gd as winning!
  • #209,705
  • Mar 24, 2010 11:25am Mar 24, 2010 11:25am
Hi all,
Perhaps today will range for the rest of the afternoon. but I do not think this thing is done.

There is a perfect head and shoulders on the H4 chart. ( Textbook)

The price is stalling for tps and because we are right at the neckline.

If this thing breaks cable may hit 4700

I'll try to get a chart up in a few

Also there was in important uptrend - TL on the higher TFs (H4 is good) that is now broken
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #209,706
  • Mar 24, 2010 11:31am Mar 24, 2010 11:31am
Short 48987, this may be the next leg down, finally; she's been ranging for hours here now.
  • #209,707
  • Mar 24, 2010 11:35am Mar 24, 2010 11:35am
Quoting Jemmy
hai radit27..

nice to meet you..

Brunei is a nice country, i am dreaming to visit there..
nice to meet u too...jemmy u have good trade since on top ..
be patient, self-belief and discipline... stay focus...
  • #209,708
  • Mar 24, 2010 11:35am Mar 24, 2010 11:35am
Darling Announced a 2.5B-pound Spending Plan in Budget 2010

Chancellor of the Exchequer Alistair Darling reduced his forecast on UK’s budget deficit over the next 4 years. However, his outlook on economic growth was lower than that in December.
In the 2010 Budget, Darling said that borrowing will reach 167B pound in 2010, -11B pound lower than previous forecast. It will be reduced to 163B pound, 131B pound, 113B pound, 110b pounds and 89B pound in 2010/11, 2011/12, 2012/13, 2012/2013, 2013/14 and 2014/15, respectively.
As a percentage of GDP, debts will drop from 11.8% this year to 4% by 2014/15.
The Chancellor forecasts GDP to grow 3-3.5% in 2010, compared with an average of 3.75% projected in December. In 2010, the economy will expand 1-1.5%.
Despite the huge budget deficit, Darling announced a 2.5B-pound package to stimulate growth. He made no changes to the main rates of income tax or value-added tax but doubled the stamp duty limit for first-time buyers of properties from 125K-250K pounds and this will be offset by an increase in the stamp duty to 5% for residential property over 1 million pounds, from April next year.
At the same time, he also froze inheritance tax thresholds for 4 years and promised to push the idea of a global levy on banks.
To increase the government’s revenue, Darling raised duties on beer, wine and spirits. Alcohol duties will increase by +2% above inflation until 2013 while cider will increase by +10% above inflation. Tobacco duty will increase by +1% above inflation and +2% in real terms each year until 2014.
The Budget 2010 is clearly tailor-made for voters as it is the last budget presented by the Labour government before the election this year. Although the Conservative Party has been leading according t o polling reports, the gap has been narrowed to 4% from over 10% earlier in the month after Darling resisted to cut spending at a fast pace.
  • #209,709
  • Mar 24, 2010 11:36am Mar 24, 2010 11:36am
Quoting cloggie
Short 48987, this may be the next leg down, finally; she's been ranging for hours here now.
Riding with you on this one as well... all my indicators are pointing south
  • #209,710
  • Mar 24, 2010 11:40am Mar 24, 2010 11:40am
I'd be careful going short at the moment it might range till tomorrow or might bounce back up. I will wait for a retracement before going short again.
エンジョイライフ！
  • #209,711
  • Mar 24, 2010 11:43am Mar 24, 2010 11:43am
Quoting yuan83
not losing is as gd as winning!
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-24_AUD.jpg Size: 7 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-24_BE.jpg Size: 15 KB


Here are 2 trades that market move 200 pips in my direction after hit my BE..

lack of confidence made me move SL to BE prematurely..

good lesson for me..
Patience + Discipline =
  • #209,712
  • Mar 24, 2010 11:44am Mar 24, 2010 11:44am
Quoting bbakker
I am disappointed that you cannot even find 1 minute to answer my query as a senior member of this thread. At least defend your actions. No response would indicate that you smack of self hypocrisy if you ask me. Have a good day.
POSTED 7 HOURS BACK

Quoting forexlion
how do i know, i am not the admin or the mod here

ask the mods not me.
http://img340.imageshack.us/img340/5348/postbb.jpg

[IMG]http://www.forexfactory.com/
Quoting bbakker
I%20am%20disappointed%20that%20you%20cannot%20even%20find%201%20minute%20to%20answer%20my%20query%20as%20a%20senior%20member%20of%20this%20thread.%20At%20least%20defend%20your%20actions.%20No%20response%20would%20indicate%20that%20you%20smack%20of%20self%20hypocrisy%20if%20you%20ask%20me.%20Have%20a%20good%20day.
[/IMG]
  • #209,713
  • Mar 24, 2010 11:46am Mar 24, 2010 11:46am
Quoting cloggie
Short 48987, this may be the next leg down, finally; she's been ranging for hours here now.
me too, i think 4933 (the low of the 22nd) is gonna hold as as resistance
  • #209,714
  • Mar 24, 2010 11:48am Mar 24, 2010 11:48am
Quoting FXplode
I'd be careful going short at the moment it might range till tomorrow or might bounce back up. I will wait for a retracement before going short again.
Yep thought it was going to break out of range... Im looking for a downward break. Theres currently nothing to support a northward move right now. So I am bias southwards until some news relase tells me otherwise
  • #209,715
  • Mar 24, 2010 11:51am Mar 24, 2010 11:51am
Quoting TerpFan2
I Got you Kill...

'Looks like you Love your Government,
about as much as i do mine!!! Ha!- I'd trust
your dog too more than your government, -or mine!

Thanks for the Greeny Pip's wish,
I was "blabbering" about here on the
thread, when i should've been trading,
Collecting the pips.

'Appreciate the Encouragement & the banter
back & forth!

-I'll hope to be w/you on the Bear Train,
Tomorrow, in the am hopefully,
Allow me some retrace here & keep the squirrels
& hand puppets in the drawer for a bit eh? !
Best of Pipping...

Jeff !...
its all yours bro i am out waiting for her to go a little bet higher then i will hit the head and here one of my guys to keep u safe

Attached Image
  • #209,716
  • Mar 24, 2010 11:52am Mar 24, 2010 11:52am
Quoting cloggie
Short 48987, this may be the next leg down, finally; she's been ranging for hours here now.
Damm did we get conned into a short
  • #209,717
  • Mar 24, 2010 11:53am Mar 24, 2010 11:53am
just got back and am in at the top of the range as I am still as bear as can be...

lets see ny take this down...
@pawpaw1000 on Twitter
  • #209,718
  • Mar 24, 2010 12:00pm Mar 24, 2010 12:00pm
Daily Pivots: (S1) 1.4975; (P) 1.5043; (R1) 1.5115; More
GBP/USD's fall from 1.5381 resumes by taking out 1.4931 support and dives to as low as 1.4875 so far in early US session. Intraday bias is flipped back to the downside and further fall should be seen to 1.4783 low next. As discussed before, choppy recovery from 1.4783 should have completed with three waves up to 1.5381 already. Break of 1.4783 will confirm that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5111 minor resistance will delay the bearish case again and bring more sideway consolidations above 1.4783 first before down trend resumption
@pawpaw1000 on Twitter
  • #209,719
  • Mar 24, 2010 12:04pm Mar 24, 2010 12:04pm
Quoting Bitstream
Damm did we get conned into a short

No
  • #209,720
  • Mar 24, 2010 12:04pm Mar 24, 2010 12:04pm
t/p 85????

it is mving quite violently for this time of day! wasup???
@pawpaw1000 on Twitter
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