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Cable Update (GBPUSD)

  • #220,001
  • Apr 21, 2010 3:26am Apr 21, 2010 3:26am
hehe... everytrader is tensed up... waiting the news in less than 5 minutes...
  • #220,002
  • Apr 21, 2010 3:34am Apr 21, 2010 3:34am
2 negative, 1 neutral and 1 positive... where is it moving to..? north or south?
  • #220,003
  • Apr 21, 2010 3:39am Apr 21, 2010 3:39am
Quoting kill56
wow soo quit in here i bet a lot shorting
Come on Kill, I am a voodoo boodoo, do you think I would actually short? lol

http://www.forexfactory.com/showpost...&postcount=207

C.
  • #220,004
  • Apr 21, 2010 3:42am Apr 21, 2010 3:42am
Quoting tradingwiz
2 negative, 1 neutral and 1 positive... where is it moving to..? north or south?
Numbers are not that simplistic, the monthly claim count reduced while the quarterly went up indicating that the last month of the quarter saw a slight reduction not quite compensating for the large drop in Jan and Feb, the MPC minutes this time did not focus as much on the risk of inflation as it did last month as they had already stated that larger inflation was expected for months to come. Combine the reduction of claims with the increase in PMI and it does indicate that the economy is slowly recovering, so overall it is actually good news, however this does not automatically mean that the sterling will go up it does show that a further move south is not warranted purely based on the fundamentals.

Just trade your chart, it is all priced in. I am still expecting a return to last week's range.
  • #220,005
  • Apr 21, 2010 3:45am Apr 21, 2010 3:45am
Quoting Ctic
Come on Kill, I am a voodoo boodoo, do you think I would actually short? lol

http://www.forexfactory.com/showpost...&postcount=207

C.
thats the voodoo way i was going from london and leeds from the 40's bro still holding with traling and hit between now and then

voodoo boodoo bro no doodoo
  • #220,006
  • Apr 21, 2010 3:48am Apr 21, 2010 3:48am
Quoting kill56
thats the voodoo way i was going from london and leeds from the 40's bro still holding with traling and hit between now and then

voodoo boodoo bro no doodoo
That green line above current candle is the 1440 EMA. We need to break that resistance to move upward to the 5450, 5490 and 5525 area. If that holds, we move back down. I still think we see 5600.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour.gif Size: 17 KB
  • #220,007
  • Apr 21, 2010 3:51am Apr 21, 2010 3:51am
My position

Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 31 KB


Also added S/R levels.
  • #220,008
  • Apr 21, 2010 3:52am Apr 21, 2010 3:52am
Quoting tradingwiz
2 negative, 1 neutral and 1 positive... where is it moving to..? north or south?
North.

D1 chart posted earlier:
1. http://www.forexfactory.com/showpost...stcount=219922

H1 chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 20 KB
Thank You
  • #220,009
  • Apr 21, 2010 3:52am Apr 21, 2010 3:52am
Quoting Ctic
That green line above current candle is the 1440 EMA. We need to break that resistance to move upward to the 5450, 5490 and 5525 area. If that holds, we move back down. I still think we see 5600.
on my chart the H1 1440 EMA is at 1.5397.
"The real genius is knowing when to stop." - Marc Faber
  • #220,010
  • Apr 21, 2010 3:55am Apr 21, 2010 3:55am
I there,
can you explain to me what the 1440 EMA means, please.
I'm more cofident thanu and i will wait till the 1.5850, no matter the time it wil requires. If PA breaks out consistently this value, than 60's may be possible, in my view.
Thanks



Quoting Ctic
That green line above current candle is the 1440 EMA. We need to break that resistance to move upward to the 5450, 5490 and 5525 area. If that holds, we move back down. I still think we see 5600.
  • #220,011
  • Apr 21, 2010 3:55am Apr 21, 2010 3:55am
Quoting Ctic
That green line above current candle is the 1440 EMA. We need to break that resistance to move upward to the 5450, 5490 and 5525 area. If that holds, we move back down. I still think we see 5600.

look at this bro an h1 open above 11 we are going there
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 28 KB
  • #220,012
  • Apr 21, 2010 3:57am Apr 21, 2010 3:57am
moved my stop to 1.54444 just in case it decides to make Batman doubletop im abit sceptical now but hey...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 68 KB
  • #220,013
  • Apr 21, 2010 3:59am Apr 21, 2010 3:59am
Quoting hhitch
on my chart the H1 1440 EMA is at 1.5397.
Could be subtle differences there. Different brokers, different info. Also do you apply to close, weighted, open. etc.. They are close though that is the important part
  • #220,014
  • Apr 21, 2010 4:02am Apr 21, 2010 4:02am
Quoting wormboy
North.

D1 chart posted earlier:
1. http://www.forexfactory.com/showpost...stcount=219922

H1 chart below.
Wormie,

How's it going? Hope your trading well.

Cheers,

C.
  • #220,015
  • Apr 21, 2010 4:03am Apr 21, 2010 4:03am
Quoting lexazver
moved my stop to 1.54444 just in case it decides to make Batman doubletop im abit sceptical now but hey...
It will.
  • #220,016
  • Apr 21, 2010 4:04am Apr 21, 2010 4:04am
yes I'm on FXDD metatrader. I tried all the different options... still was
lower than yours! oh well I guess that's good news for my long anyway!

Quoting Ctic
Could be subtle differences there. Different brokers, different info. Also do you apply to close, weighted, open. etc.. They are close though that is the important part
"The real genius is knowing when to stop." - Marc Faber
  • #220,017
  • Apr 21, 2010 4:05am Apr 21, 2010 4:05am
Quoting Ctic
Wormie,

How's it going? Hope your trading well.

Cheers,

C.
Hi c.

Trading's okay, can't complain. You're still piling up those longs?
5500 today would be nice no?
Thank You
  • #220,018
  • Apr 21, 2010 4:05am Apr 21, 2010 4:05am
Quoting Alado
I there,
can you explain to me what the 1440 EMA means, please.
I'm more cofident thanu and i will wait till the 1.5850, no matter the time it wil requires. If PA breaks out consistently this value, than 60's may be possible, in my view.
Thanks
The 1440 EMA is an expodential moving average. It is a point of resistance (or support). We break that which we did, we move up. if the resistance holds... we go down.
  • #220,019
  • Apr 21, 2010 4:08am Apr 21, 2010 4:08am
my GU view here.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #220,020
  • Apr 21, 2010 4:09am Apr 21, 2010 4:09am
Quoting wormboy
Hi c.

Trading's okay, can't complain. You're still piling up those longs?
5500 today would be nice no?
Still long and have been. Took a loss on Sunday night/Monday with my longs. I knew it was going up but the fake out down got me. All well, you win some you lose some.

Overall still long bias. This has been a slow ride up though and for all practical purposes, daily chart is pretty sideways. 5500 would be nice. I have 3 targets for the day.. 5450, 5490 and 5525. I think we may get 2 of them.
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