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Cable Update (GBPUSD)

  • #222,041
  • Apr 28, 2010 4:27am Apr 28, 2010 4:27am
Quoting bbakker
This baby and the EU are continuing to tank with no end in sight at the moment. Yes the retrace will happen at some point, but I am enjoying the ride while it lasts. UK will have its credit rating cut too... not a matter of if, but when! I know it is unheard of, but desperate measures for desperate times. Double-dip is coming... I marked June in my diary and I am still sticking to it!
Iiiii dont think so.... for number of reasons.... UK has much better repayments schedule compared to greece. Greek problem is that most of their maturities are short term where as UK has alot of debt repayments way in the future which buys them not only time but also room to breathe and get out of this mess... plus given how strong financial sector is in UK its hard to see it being downgraded... plus british are too lazy to riot unlike greeks so economy wont get disturbed

another big advantage that UK has is independant monetary regime. If the worse comes to worst they can just devalue the pound.

Im not saying everything is rosy here but its nooooo way nearly as bad as club med countries...

one thing I see that can damage UK rating is this stupid election
  • #222,042
  • Apr 28, 2010 4:28am Apr 28, 2010 4:28am
Get your chomps around our Stephanie

http://www.bbc.co.uk/blogs/thereport...f_silence.html

  • #222,043
  • Apr 28, 2010 4:28am Apr 28, 2010 4:28am
Hi Does anyone here use pair correlation? I have a 3pair correlation strat that works very nicely 1 in asian timezone 1 in london open. you really need it as a sencond stratagy as in doesnt fire super often but when it does it give some nice short term moves. If anybody is interested ill posty some screen shots and some verbage!!
Trade what you see never what you think!
  • #222,044
  • Apr 28, 2010 4:29am Apr 28, 2010 4:29am
Quoting TheCatsPJs
hahahahah I hope that is a demo trade!! HH/HL for a while before a buy anything
Don't believe a word he says, that is why I am LMAO!
  • #222,045
  • Apr 28, 2010 4:30am Apr 28, 2010 4:30am
Quoting segxy007
cable jugment day started yesterday,the jugment which was prospone on friday when the UK GDP drop but i think if we can break 1.5130 the ride can continue........

if we break 1.5130 it would already be 150pip day range and somehow i dont see us going much below that level (if that) today without decent retracement.
  • #222,046
  • Apr 28, 2010 4:34am Apr 28, 2010 4:34am
Quoting kill56
hey bro enjoy the ride while it last


its though risky any good news might change the whole thing

Before FOMC....
We need another retrace back up to test digger's quarterly open [1.5180]
or even to the previous weekly low [1.5191] and cam level L3 [1.5196]
to generate the energy to push this further down to complete the
customary L3 - L4 daily move to [L4 @ 1.5129].

Dr. D.
voodooboodoodoc
  • #222,047
  • Apr 28, 2010 4:35am Apr 28, 2010 4:35am
There are statistics, more statistics and damned lies. I know in which category to put this tosser in!

http://news.bbc.co.uk/today/hi/today...00/8648233.stm
  • #222,048
  • Apr 28, 2010 4:36am Apr 28, 2010 4:36am
Quoting fourxtrader
Before FOMC....
We need another retrace back up to test digger's quarterly open [1.5180]
or even to the previous weekly low [1.5191] and cam level L3 [1.5196]
to generate the energy to push this further down to complete the
customary L3 - L4 daily move [L4 @ 1.5129].

Dr. D.
voodooboodoodoc
Sounds good to me!
  • #222,049
  • Apr 28, 2010 4:37am Apr 28, 2010 4:37am
Mni suggesting 'stronger bids' may reside 5140/30 area within the previous near-term obvious daily t/f swing lo = prev support=potential support zone shown on pic below....Price now@ 98% of the 20 day average pip range...

G/L

http://i41.tinypic.com/16a1u9w.jpg
ex member
  • #222,050
  • Apr 28, 2010 4:41am Apr 28, 2010 4:41am
Quoting fourxtrader
Before FOMC....
We need another retrace back up to test digger's quarterly open [1.5180]
or even to the previous weekly low [1.5191] and cam level L3 [1.5196]
to generate the energy to push this further down to complete the
customary L3 - L4 daily move [L4 @ 1.5129].

Dr. D.
voodooboodoodoc
how are Dr. D

exactly and it might happen in US its quite now and risky too lets wait and see in the main while i am enjoying the ride

greeny all the way

voodoo boodoo
  • #222,051
  • Apr 28, 2010 4:43am Apr 28, 2010 4:43am
update m5
Attached Image (click to enlarge)
Click to Enlarge Name: 5m cable n.gif Size: 17 KB
  • #222,052
  • Edited 6:40am Apr 28, 2010 4:48am | Edited 6:40am
started to build my long bought some at 1.5152 got another pending buy at 1.5124 and next at 1.5094
  • #222,053
  • Apr 28, 2010 4:50am Apr 28, 2010 4:50am
no break no shack
Attached Image (click to enlarge)
Click to Enlarge Name: h4 cable.gif Size: 23 KB
  • #222,054
  • Apr 28, 2010 4:56am Apr 28, 2010 4:56am
Quoting bbmac
Mni suggesting 'stronger bids' may reside 5140/30 area within the previous near-term obvious daily t/f swing lo = prev support=potential support zone shown on pic below....Price now@ 98% of the 20 day average pip range...

G/L

http://i41.tinypic.com/16a1u9w.jpg
5149 is of course the 50% of the 4779-5523 move...some support being found in cable now....
ex member
  • #222,055
  • Apr 28, 2010 4:58am Apr 28, 2010 4:58am
Quoting bbmac
5149 is of course the 50% of the 4779-5523 move...some support being found in cable now....

it might hold lets wait and see
  • #222,056
  • Apr 28, 2010 5:06am Apr 28, 2010 5:06am
Orange ''line'' is where im looking to cover my longs and reverse into short again this is the area defined by ema14 and ema21 on 1h chart. My projection is that price will interact with this resistance around 1.52-10 area which is also round number and nice level to short by itself...

1h closed with a nice pin or doji or however you call it which supports pullback scenario
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 44 KB
  • #222,057
  • Apr 28, 2010 5:08am Apr 28, 2010 5:08am
Euro climbing; cable dead
  • #222,058
  • Apr 28, 2010 5:09am Apr 28, 2010 5:09am
i love the vooodoooo boodoo its not doooooooooodooooooooo
  • #222,059
  • Apr 28, 2010 5:13am Apr 28, 2010 5:13am
Quoting free4440273
Euro climbing; cable dead

keep an eye on the eur-gbp
  • #222,060
  • Apr 28, 2010 5:13am Apr 28, 2010 5:13am
How I see it:

http://www.forexfactory.com/showthre...75#post3678775

http://www.forexfactory.com/showpost...postcount=6005
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sanity