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Cable Update (GBPUSD)

  • #213,661
  • Apr 7, 2010 1:23am Apr 7, 2010 1:23am
Quoting Honored
finally its moving up omg + 20 pips had to wait 3 hrs to see this lol
unless 4 hour macd agrees this is a TRAP
  • #213,662
  • Apr 7, 2010 1:28am Apr 7, 2010 1:28am
Quoting forexlion
whats the record so far, how many pages did we post in a 30 pip flat market condition ??
Quoting BadTradingFi
Just wanted to say thanks to cloggie, bbaker and everyone else who's been posting useful stuff recently.
Take note! Even in a flat market, useful posts can help others. When was your last useful contribution and haven't you got your own thread to go to now?

Have a good day!
  • #213,663
  • Apr 7, 2010 1:29am Apr 7, 2010 1:29am
Lovely news trade setup, set a range from the hi-lo at t-15M and trade the breakout.
  • #213,664
  • Apr 7, 2010 1:29am Apr 7, 2010 1:29am
Quoting forexlion
unless 4 hour macd agrees this is a TRAP
indeed ..... quite nice trap!
... feel better day by day.
  • #213,665
  • Apr 7, 2010 1:30am Apr 7, 2010 1:30am
It's a trap!
Quoting forexlion
unless 4 hour macd agrees this is a TRAP
Attached Image
  • #213,666
  • Apr 7, 2010 1:30am Apr 7, 2010 1:30am
Quoting forexlion
unless 4 hour macd agrees this is a TRAP
err how many got killed in the trap ??
  • #213,667
  • Apr 7, 2010 1:31am Apr 7, 2010 1:31am
Data quite bad..sell
  • #213,668
  • Apr 7, 2010 1:31am Apr 7, 2010 1:31am
Bad data for UK
  • #213,669
  • Apr 7, 2010 1:33am Apr 7, 2010 1:33am
breaking news- Flirting and breaking DP again and again. I am short from 1.52547
  • #213,670
  • Apr 7, 2010 1:33am Apr 7, 2010 1:33am
that is why i called it a trap care of reuters
  • #213,671
  • Apr 7, 2010 1:35am Apr 7, 2010 1:35am
Quoting kingfisher
breaking news- Flirting and breaking DP again and again. I am short from 1.52547
Not my DP.
  • #213,672
  • Apr 7, 2010 1:35am Apr 7, 2010 1:35am
UK data ain't as good as expected (or as good as the previous) ...and now we just need an equities sell off to make gbpusd go deeper down...

Once we clear this morning's low we'll reach 1.5130 quick enough
COT: The precious data ignored
  • #213,673
  • Apr 7, 2010 1:36am Apr 7, 2010 1:36am
I've never seen a 20 pip dump before in one second. Got killed by the trap on my demo.
Thank you Lux!
  • #213,674
  • Apr 7, 2010 1:36am Apr 7, 2010 1:36am
Here comes another test of 1.5225 if this goes we go to 1.51 quick (I hope)
  • #213,675
  • Apr 7, 2010 1:36am Apr 7, 2010 1:36am
Quote
Not my DP.

DP is 1.5233.

I shorted after the news.
  • #213,676
  • Apr 7, 2010 1:36am Apr 7, 2010 1:36am
Quoting bbakker
Not my DirtyPoo.
  • #213,677
  • Apr 7, 2010 1:37am Apr 7, 2010 1:37am
her room whatz up
  • #213,678
  • Apr 7, 2010 1:38am Apr 7, 2010 1:38am
1.5160 is daily S 1.

I wish to cover my shorts around there. lets see what market wish to do.
  • #213,679
  • Apr 7, 2010 1:38am Apr 7, 2010 1:38am
I am long from 52368.

A risky trade, but it has merit based on my earlier analysis. Not for the faint hearted. 5226 will need to hold for this to materialise.
  • #213,680
  • Apr 7, 2010 1:38am Apr 7, 2010 1:38am
Remember people, above 50.0 indicates industry expansion and so the actual is a bit lower than forecast. Short-term over reaction by the markets and I still think we have some upside, so I am in with a cheeky long with SL just below DP. Buy @15230 SL @15215 TP @15365

Have a great day!
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