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Cable Update (GBPUSD)

  • #224,001
  • May 5, 2010 11:58am May 5, 2010 11:58am
Who's thinking of goin long on ftse and cable at 429 2morrow?
  • #224,002
  • May 5, 2010 11:59am May 5, 2010 11:59am
Quoting A-speculator
Since 4h candle is almost engulf, I think the best strategy is to sell rallies (make sure the 4h has confirmed the engulf first). But if you're looking to scalp, I'm sorry mate, you are asking the wrong person, I'm not specialist in scalping and I'm afraid I will give you the wrong advise.

But if you're looking to swing.. since I'm bullish that pair, I will only be looking to buy dips, the price that I'm interested in is the breakout point of the triangle..
thank you A-speculator, my view is also bullish, looking for a good long entry, but will wait a bit more
  • #224,003
  • May 5, 2010 12:04pm May 5, 2010 12:04pm
Quoting dag777
thank you A-speculator, my view is also bullish, looking for a good long entry, but will wait a bit more
You're most welcome bro..

That pair need a little bit more patience to find a good entry (maybe need to wait for days). In the mean time, find other pair to trade with (ECad maybe?), since I'm trading based on 4h, I would advise you to put PO on the S&R, don't chase the price..
  • #224,004
  • May 5, 2010 12:08pm May 5, 2010 12:08pm
Quoting A-speculator
Since 4h candle is almost engulf, I think the best strategy is to sell rallies (make sure the 4h has confirmed the engulf first). But if you're looking to scalp, I'm sorry mate, you are asking the wrong person, I'm not specialist in scalping and I'm afraid I will give you the wrong advise.

But if you're looking to swing.. since I'm bullish that pair, I will only be looking to buy dips, the price that I'm interested in is the breakout point of the triangle..
Not a perfect bullish Harami but on EU it is almost perfect on the h4 tf. The preceding candlestick body should engulf the whole candlestick including shadows. They are secondary patterns too, but still useful. So any long-term shorters might look to cash some of it here.
  • #224,005
  • May 5, 2010 12:11pm May 5, 2010 12:11pm
Quoting bbakker
Not a perfect bullish Harami but on EU it is almost perfect on the h4 tf. The preceding candlestick body should engulf the whole candlestick including shadows. They are secondary patterns too, but still useful. So any long-term shorters might look to cash some of it here.
Mind to show some chart?

Anyway that's candy bro.. I'll wait till the price reach the breakout point.. or else I might not trade it..
  • #224,006
  • May 5, 2010 12:13pm May 5, 2010 12:13pm
How does the UK election results come out? At what time? Or does it come in drips and drabs all day from different counties?
I have no enemy; I make Incautiousness my Enemy.
  • #224,007
  • May 5, 2010 12:16pm May 5, 2010 12:16pm
Quoting jimobiwan
How does the UK election results come out? At what time? Or does it come in drips and drabs all day from different counties?
here is good explanation from cloggie:


Quote:
Originally Posted by dag777 http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi cloggie,

may i ask what the latest poll news are,
and at what gmt time do we have results?
What is your guess for tomorrow and friday regarding gbp pa?


The tories are leading, but the lead is not large enough for an overall majority. Polling stations are open until 10pm London time and the results come in in dribs and drabs overnight, starting right after the poll stations close, the smaller constituancies will have results within an hour or so. It is going to be a long night. Gilt market is open all night and I am hearing from quite a few London boys that some trade desks are open troughout the night.

The PA all depends on the results, if the Tories pull it off we will see Cable flying through the night and the days after, a hung parliament will see Cable dropping.

A Tory majority will see 1.6, a hung parliament will be hard to call as it all depends on how much of the Tory policies will be able to get through.
__________________
"Learn the rules of the game, and play better than anyone else"
  • #224,008
  • May 5, 2010 12:22pm May 5, 2010 12:22pm
Quoting dag777
here is good explanation from cloggie:


Quote:
Originally Posted by dag777 http://cdn.forexfactory.com/images/buttons/viewpost.gif
Hi cloggie,

may i ask what the latest poll news are,
and at what gmt time do we have results?
What is your guess for tomorrow and friday regarding gbp pa?


The tories are leading, but the lead is not large enough for an overall majority. Polling stations are open until 10pm London time...

Every five years, I trade the elections through the night, only taking a break after NY close until 0100-0200. This year is going to be a good trading night with the Gilt markets open through the night. Every Labour win so far has seen Cable drop 500+ pips, every Tory win has seen massive gains, This year is going to be special, there is every chance for a hung parliament that could take at least a week to resolve, that is just like a Labour win and the markets will be twitchy. An outright Tory win can see some massive inflows into Cable as the European currency of safety, after all the mess in euroland in the last few weeks.
  • #224,009
  • May 5, 2010 12:25pm May 5, 2010 12:25pm
Quoting cloggie
Every five years, I trade the elections through the night, only taking a break after NY close until 0100-0200. This year is going to be a good trading night with the Gilt markets open through the night. Every Labour win so far has seen Cable drop 500+ pips, every Tory win has seen massive gains, This year is going to be special, there is every chance for a hung parliament that could take at least a week to resolve, that is just like a Labour win and the markets will be twitchy. An outright Tory win can see some massive inflows into Cable as the...
where should we watch for results, and which night it is? I don't know much about British elections

Lietuve
  • #224,010
  • May 5, 2010 12:26pm May 5, 2010 12:26pm
is anyone thinking of goin long 2morrow nite ? or am i just a mad gambler?
  • #224,011
  • May 5, 2010 12:28pm May 5, 2010 12:28pm
Quoting A-speculator
Mind to show some chart?

Anyway that's candy bro.. I'll wait till the price reach the breakout point.. or else I might not trade it..
These candlesticks have NOT completed yet, so it might not happen. Also it is not perfect on GU, but here are the close-up of the charts -

GU - Not a perfect bullish harami, but not bad either. It also touched my ltl a couple of times!
Attached Image (click to enlarge)
Click to Enlarge Name: 100505_gbpusd_4h_gulf.png Size: 20 KB


EU - A perfect bullish harami
Attached Image (click to enlarge)
Click to Enlarge Name: 100505_eurusd_4h_gulf.png Size: 17 KB


Remember the candles have NOT completed yet, so make sure they do if deciding to go long! Just my 2 pennies.
  • #224,012
  • May 5, 2010 12:28pm May 5, 2010 12:28pm
Quoting lietuve
where should we watch for results, and which night it is? I don't know much about British elections

Lietuve

Election is tomorrow, polls open at 0700 close at 2200 BST, first results start coming in around 2300-0000, it will take all night for the final results coming in, I watch only the BBC during the night as I find them the most accurate in their reporting. You can watch their broadcast on the web if you want to trade the election, just be ready for some major whipsaws in the PA, not recommended for the fainthearted, but there is some serious money to be made on one night of trading, running the moves especially on M5 and M15.
  • #224,013
  • May 5, 2010 12:31pm May 5, 2010 12:31pm
Quoting cloggie
Election is tomorrow, polls open at 0700 close at 2200 BST, first results start coming in around 2300-0000, it will take all night for the final results coming in, I watch only the BBC during the night as I find them the most accurate in their reporting. You can watch their broadcast on the web if you want to trade the election, just be ready for some major whipsaws in the PA, not recommended for the fainthearted, but there is some serious money to be made on one night of trading, running the moves especially on M5 and M15.

Thank you,
Lietuve
  • #224,014
  • May 5, 2010 12:34pm May 5, 2010 12:34pm
Quoting cloggie
Every five years, I trade the elections through the night, only taking a break after NY close until 0100-0200. This year is going to be a good trading night with the Gilt markets open through the night. Every Labour win so far has seen Cable drop 500+ pips, every Tory win has seen massive gains, This year is going to be special, there is every chance for a hung parliament that could take at least a week to resolve, that is just like a Labour win and the markets will be twitchy. An outright Tory win can see some massive inflows into Cable as the...
this becomes a very interesting night for trading then, i´m looking forward to it and will stay awake, thank´s god friday is only half workingday.
  • #224,015
  • May 5, 2010 12:34pm May 5, 2010 12:34pm
Quoting Makeveli
is anyone thinking of goin long 2morrow nite ? or am i just a mad gambler?
If the conservatives win, you will come up trumps!
  • #224,016
  • May 5, 2010 12:37pm May 5, 2010 12:37pm
Quoting bbakker
If the conservatives win, you will come up trumps!

No if about it, the Conservatives will win, just by how much is the question. Latest polls indicate upto 30% are undecided.
  • #224,017
  • May 5, 2010 12:38pm May 5, 2010 12:38pm
do we have the right to attack ppl calling them names or making fun of them
darn one of forums they ban me coz of my name kill

do we respect others fro them to respect us

do we have the right to have fun with out hurting others

its abut time to clean the room no more bullsh;;;;;;;;;;; lets trade respect care teach learn
  • #224,018
  • May 5, 2010 12:39pm May 5, 2010 12:39pm
UK budget deficit 'to surpass Greece's as worst in EU'

European commission's spring forecasts put UK budget deficit this year at 12% of GDP – the highest in the European Union and worse than Treasury estimates

http://www.guardian.co.uk/business/2...se-than-greece
  • #224,019
  • May 5, 2010 12:39pm May 5, 2010 12:39pm
Quoting bbakker
These candlesticks have NOT completed yet, so it might not happen. Also it is not perfect on GU, but here are the close-up of the charts -

GU - Not a perfect bullish harami, but not bad either. It also touched my ltl a couple of times!
Attachment

EU - A perfect bullish harami
Attachment

Remember the candles have NOT completed yet, so make sure they do if deciding to go long! Just my 2 pennies.
  • #224,020
  • May 5, 2010 12:48pm May 5, 2010 12:48pm
Lovely little range forming here for a breakout trader, 5113-5133 with a bias to the Southside on M5/M15
538 traders viewing now, 1 is registered:
CPUmice