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Cable Update (GBPUSD)

  • #214,001
  • Apr 7, 2010 8:08am Apr 7, 2010 8:08am
Britain's economy is set to grow at a faster pace in the first half of this year than many of the world's major developed countries, according to a new report.

By 2010's second quarter, only Canada is forecast to be growing faster than the UK

The Organisation for Economic Cooperation and Development (OECD) has estimated annualised growth of 2% for the UK in the first three months of 2010.
This is not as fast as Canada, the US and France, but beats the predicted quarterly expansion in Germany, Japan and Italy.

http://news.sky.com/skynews/Home/Bus...D_Report_Finds
Nil Desperandum Illegitimi Carborundum
  • #214,002
  • Apr 7, 2010 8:08am Apr 7, 2010 8:08am
Quoting kuroro001
Same time as Bernanke speech ....should be interesting
Bernanke speaks at 18.30 GMT I thought?
  • #214,003
  • Apr 7, 2010 8:13am Apr 7, 2010 8:13am
Quoting OldReigatian
Bernanke speaks at 18.30 GMT I thought?
Yeh my bad...didn't read it well
You're right
COT: The precious data ignored
  • #214,004
  • Apr 7, 2010 8:15am Apr 7, 2010 8:15am
FWIW, I started using this chart the other day and find it helpful to get a feel for how GU (or any pair) moves during the various sessions.

Indy attached as well.
Attached Image (click to enlarge)
Click to Enlarge Name: tradingsessions.gif Size: 34 KB
Attached File(s)
File Type: ex4 i-Sessions.ex4   6 KB | 243 downloads
******************* I'd rather make money than be right.
  • #214,005
  • Apr 7, 2010 8:15am Apr 7, 2010 8:15am
Quoting BadTradingFi
Looks to my untrained eye like it may be setting here for a bit, maybe a slight downward movement, 15/30m charts are not that bad, 1h seemed like it was forming a shooting star (get me, reading my forex PDF's) but didnt take.

Again, I'm just reading what I see while I'm learning!

If I'm reading it wrong, jump on me and tell me why!

Sure looks that way, resistance at 5227 support at 5198. Nice setup for a breakout trade.
  • #214,006
  • Apr 7, 2010 8:16am Apr 7, 2010 8:16am
Blue is Tokyo, pink is GB and green is US.

Quoting 4xStar
FWIW, I started using this chart the other day and find it helpful to get a feel for how GU (or any pair) moves during the various sessions.

Indy attached as well.
******************* I'd rather make money than be right.
  • #214,007
  • Apr 7, 2010 8:20am Apr 7, 2010 8:20am
thanks for this helpful 4 backtsting to me

Quoting 4xStar
FWIW, I started using this chart the other day and find it helpful to get a feel for how GU (or any pair) moves during the various sessions.

Indy attached as well.
Its all in the mind.
  • #214,008
  • Apr 7, 2010 8:21am Apr 7, 2010 8:21am
Quoting cloggie
Sure looks that way, resistance at 5227 support at 5198. Nice setup for a breakout trade.
This may sound like a stupid question, but where are your figures from? My chart doesnt seem to match anyone elses so I'm just curious are these longer term ones?

Oh, off she goes....
Back to basics, it has to be for me!
  • #214,009
  • Apr 7, 2010 8:22am Apr 7, 2010 8:22am
Quoting BadTradingFi
This may sound like a stupid question, but where are your figures from? My chart doesnt seem to match anyone elses so I'm just curious are these longer term ones?

Oh, off she goes....

Current hi-lo's on M15 bars that are forming support and resistance, nothing to do with pivots. Trade the breakout of the range with support of the 25sma, this break is not supported so I am ignoring it and expect a new higher range to form shortly. The next breakout will have more momentum.
  • #214,010
  • Apr 7, 2010 8:29am Apr 7, 2010 8:29am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well , if Euro is in trouble who will benefit most from it...

EG, euro to tank and pound to rise..


ta
ams
  • #214,011
  • Apr 7, 2010 8:33am Apr 7, 2010 8:33am
getting mixed signals 4 hr looks like it could come back down but the lower t/f are pointing up
  • #214,012
  • Apr 7, 2010 8:34am Apr 7, 2010 8:34am
Quoting ams
Well , if Euro is in trouble who will benefit most from it...

EG, euro to tank and pound to rise..


ta
ams

I agree with you, I need to see a close below 8760 first before I will entertain another short.
  • #214,013
  • Apr 7, 2010 8:36am Apr 7, 2010 8:36am
I'll take a downward slide, hoping its resistence too far at 524.

Come home to papa baby!!! (please)
  • #214,014
  • Apr 7, 2010 8:42am Apr 7, 2010 8:42am
I'm baaaaack

whats been going on cloggs, bb??

Seems like the same PA as yesterday?? RIDICULOUS! maybe this time it'll blow the top off but I was really thinking we'd drop today???
@pawpaw1000 on Twitter
  • #214,015
  • Apr 7, 2010 8:45am Apr 7, 2010 8:45am
long, at 37, s/l below dp with t/p at 80...

150ma on 1h holding it down, didnt see before entering but still believe its a good trade...
@pawpaw1000 on Twitter
  • #214,016
  • Apr 7, 2010 8:47am Apr 7, 2010 8:47am
Quoting pawpaw1000
I'm baaaaack

whats been going on cloggs, bb??

Seems like the same PA as yesterday?? RIDICULOUS! maybe this time it'll blow the top off but I was really thinking we'd drop today???
They're gonna pump it up until tomorrow's rate verdict so they can push it over the cliff afterward (Wash, rinse and repeat scenario)
  • #214,017
  • Apr 7, 2010 8:48am Apr 7, 2010 8:48am
Quoting pawpaw1000
long, at 37, s/l below dp with t/p at 80...

Ah of course your infamous end of london trade that is going to give back all your profits for the day.....

Gambling without a solid close above the DP? But then again with your luck it may work out anyways, no matter what is in the way. Typical rugby player, a bull in a china shop....
  • #214,018
  • Apr 7, 2010 8:48am Apr 7, 2010 8:48am
Quoting pawpaw1000
I'm baaaaack

whats been going on cloggs, bb??

Seems like the same PA as yesterday?? RIDICULOUS! maybe this time it'll blow the top off but I was really thinking we'd drop today???
Hey PP! Not much... too much work on today and I don't like the PA since midday. I am still sitting out and have been for a while. This thing is determined to go North!
  • #214,019
  • Apr 7, 2010 8:49am Apr 7, 2010 8:49am
Quoting pawpaw1000
long, at 37, s/l below dp with t/p at 80...
5085 is also below dp. come on mate tell us where you put it so we can come after you
Thank You
  • #214,020
  • Apr 7, 2010 8:50am Apr 7, 2010 8:50am
Quoting cloggie
Ah of course your infamous end of london trade that is going to give back all your profits for the day.....

Gambling without a solid close above the DP? But then again with your luck it may work out anyways, no matter what is in the way. Typical rugby player, a bull in a china shop....
closed above on m5 and m15 and above all ma's on all tf's...
@pawpaw1000 on Twitter
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