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Cable Update (GBPUSD)

  • #220,961
  • Apr 23, 2010 5:32am Apr 23, 2010 5:32am
Quoting melba
...and global warming...
playground humour, you just can't beat it..............
  • #220,962
  • Apr 23, 2010 5:32am Apr 23, 2010 5:32am
GU is walking lockstep with EU and EU has to break tough 1.33 before I see a drop.
  • #220,963
  • Apr 23, 2010 5:33am Apr 23, 2010 5:33am
I think this drop is going to take a lot longer than we are anticipating
  • #220,964
  • Apr 23, 2010 5:38am Apr 23, 2010 5:38am
Quoting Saxon
I think this drop is going to take a lot longer than we are anticipating
Agreed, US session earliest
  • #220,965
  • Apr 23, 2010 5:41am Apr 23, 2010 5:41am
Quoting Saxon
I think this drop is going to take a lot longer than we are anticipating
is this the right time to short GU
  • #220,966
  • Apr 23, 2010 5:44am Apr 23, 2010 5:44am
Quoting tech niche
is this the right time to short GU
How long's a piece of string?

I have two shorts on this, and a few others on here are shorting too. Is it the right time? Wish I knew ...
  • #220,967
  • Apr 23, 2010 5:46am Apr 23, 2010 5:46am
Quoting The Magician
How long's a piece of string?

I have two shorts on this, and a few others on here are shorting too. Is it the right time? Wish I knew ...
Greece and the news releases soon will dictate. Also, wedge forming and price should break one way or the other. M15, M30 and H1 closing seconds are driving prices higher than, I think , they should. we should have a direction soon as price is getting squeezed
  • #220,968
  • Apr 23, 2010 5:47am Apr 23, 2010 5:47am
Quoting The Magician
How long's a piece of string?

I have two shorts on this, and a few others on here are shorting too. Is it the right time? Wish I knew ...
for me the trade looks like this

sell 5380
tp 43
sl 5411
  • #220,969
  • Apr 23, 2010 5:51am Apr 23, 2010 5:51am
I am short, but just a bit of bad news from the US with euro as strong as it is and this thing is going to break clean through 538. I am keeping a close eye on it and my stops tight. It is Freaky Friday after all.
  • #220,970
  • Apr 23, 2010 5:52am Apr 23, 2010 5:52am
Quoting tech niche
for me the trade looks like this

sell 5380
tp 43
sl 5411
Yeah that looks good, although I'm hoping to ride it down further to 250-270. 5380 seems ideal at this stage, although I got in a little earlier at 360 and 366.
  • #220,971
  • Apr 23, 2010 5:53am Apr 23, 2010 5:53am
GDP is bad and we are stuck here, its all about greece again but its crazy friday any thing gos cable should tank bad what is holding the b;;;;;;;;;;;;;h from doing so the big azz's will be here soon, what they will do lets wait and see in the main time i am
Attached Image
  • #220,972
  • Apr 23, 2010 5:56am Apr 23, 2010 5:56am
Here is a chart what i see might happen

Attached Image (click to enlarge)
Click to Enlarge Name: 4h gbp usd 23 april 2010.gif Size: 33 KB
  • #220,973
  • Apr 23, 2010 5:58am Apr 23, 2010 5:58am
Don't really wanna be stuck in this at 13.30 for durable goods but looks like I might be. :-/
  • #220,974
  • Apr 23, 2010 6:00am Apr 23, 2010 6:00am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
...11.32 german mof says : no greek aid request but we are ready ...
...11.54 greek formally request eu/imf aid ........didn't have to wait long ........................
  • #220,975
  • Apr 23, 2010 6:02am Apr 23, 2010 6:02am
Quoting melba
...11.32 german mof says : no greek aid request but we are ready ...
...11.54 greek formally request eu/imf aid ........didn't have to wait long ........................
lol!

Fibre sitting on 3300. A good break there should see cable have a drop, hopefully.
  • #220,976
  • Apr 23, 2010 6:02am Apr 23, 2010 6:02am
A convincing close above or below these trendlines and I might get an erection!
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 41 KB
  • #220,977
  • Apr 23, 2010 6:02am Apr 23, 2010 6:02am
Quoting The Magician
Don't really wanna be stuck in this at 13.30 for durable goods but looks like I might be. :-/
Do you know historically the impact of Core Durable Goods Orders m/m on the Cable? i.e. How many pips price moves for different outcomes.
Probability Professor
  • #220,978
  • Apr 23, 2010 6:03am Apr 23, 2010 6:03am
Quoting The Magician
How long's a piece of string?

I have two shorts on this, and a few others on here are shorting too. Is it the right time? Wish I knew ...
Probably the same length as a piece of cable
  • #220,979
  • Apr 23, 2010 6:03am Apr 23, 2010 6:03am
Price action suggests to me that sellers hitting this 80 level and i'd be surprised if we were not to go down today.

I think what can spoil bear party though is news from US due in 90 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 29 KB
  • #220,980
  • Apr 23, 2010 6:04am Apr 23, 2010 6:04am
Good morning chaps.

I've recently read that someone has an HTC phone.

I'm thinking of an HTC desire and was wondering if there is a forex app. for android.

Anyone know ?
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