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Cable Update (GBPUSD)

  • #229,301
  • Jun 1, 2010 5:56am Jun 1, 2010 5:56am
Quoting naser007
So GBPUSD Can Go Up until at least September ??
It can go up, down or range until and after September.

I think Cloggie's main point was in response to inaccurate and poor quality information being posted on this thread, under the guise of "fundamental analysis".
  • #229,302
  • Jun 1, 2010 5:58am Jun 1, 2010 5:58am
Quoting naser007
So GBPUSD Can Go Up until at least September ??

Now that is an entirely different discussion, I was just correcting some misinformed fundamental analysis by an earlier poster who preferred to quote his brother's email instead of a quick use of Google.
  • #229,303
  • Jun 1, 2010 6:04am Jun 1, 2010 6:04am
Quoting cloggie
You may want to get your facts straight before quoting your brother, the deficit was actually revised down by 7.4 Bn to 156Bn, with total debt at 68.1% of GDP, actually less then Germany at 73.2 or France at 77.6. And the UK government is not weak, they have a majority of 80 seats and the opposition has no leader until at least September.

http://www.statistics.gov.uk/pdfdir/maast0310.pdf

At the end of 2009, the lowest ratios of government debt to GDP were recorded in Estonia (7.2%), Luxembourg (14.5%), Bulgaria (14.8%), Romania (23.7%),...

@pawpaw1000 on Twitter
  • #229,304
  • Jun 1, 2010 6:15am Jun 1, 2010 6:15am
Quoting fxoxford
i went long at 1.4444, s/l 1.4397, t/p 1.4693
looking good so far.
  • #229,305
  • Jun 1, 2010 6:27am Jun 1, 2010 6:27am
Quoting fxoxford
looking good so far.
Congrats bro.. I wish I were following you
  • #229,306
  • Jun 1, 2010 6:28am Jun 1, 2010 6:28am
London there will be another opportunity on the GBPUSD , on the next countertrend down it still has one more leg to push out possibly another 60 pips I have already scalped 70pips
A little beginner trader since 2006
  • #229,307
  • Jun 1, 2010 6:33am Jun 1, 2010 6:33am
Quoting a2xm
Congrats bro.. I wish I were following you
, euro not following pound yet, might be good idea to take a long in euro
  • #229,308
  • Jun 1, 2010 6:35am Jun 1, 2010 6:35am
I wouldnt be looking to short GBPUSD untill 14611 but we will see nice double bottom above low and movement is currently impulsive , I would be careful.
A little beginner trader since 2006
  • #229,309
  • Jun 1, 2010 6:38am Jun 1, 2010 6:38am
Quoting Naseri13
I wouldnt be looking to short GBPUSD untill 14611 but we will see nice double bottom above low and movement is currently impulsive , I would be careful.
well it hit 1.4611 so you should be short by now.
  • #229,310
  • Edited 6:49am Jun 1, 2010 6:47am | Edited 6:49am
Quoting Naseri13
I wouldnt be looking to short GBPUSD untill 14611 but we will see nice double bottom above low and movement is currently impulsive , I would be careful.
What could cause this sudden rise from 1.447x to 1.461x?
Could this be what is called "chasing stops"?

This kind of move is not really tradeable, is it? Unless you are already in the same direction.

Thanks in advance for answering.

Edit: S/R does means nothing with this kind of move!
  • #229,311
  • Jun 1, 2010 6:52am Jun 1, 2010 6:52am
Quoting USD-Bear
Planning long entry @ 1.4410
Lets see.....

Attachment
Got the idea that I'm missing something.........
Don't be a hero. Don't have an ego. Always question yourself
  • #229,312
  • Jun 1, 2010 7:02am Jun 1, 2010 7:02am
Quoting USD-Bear
Got the idea that I'm missing something.........
Only out by 200 pips.
  • #229,313
  • Jun 1, 2010 7:03am Jun 1, 2010 7:03am
Quoting Naseri13
I wouldnt be looking to short GBPUSD untill 14611 but we will see nice double bottom above low and movement is currently impulsive , I would be careful.
+45 pips !~
A little beginner trader since 2006
  • #229,314
  • Jun 1, 2010 7:05am Jun 1, 2010 7:05am
GBP/USD : The odds are in favor of maintaining a short position when the market is rejected from the barrier at 1.4571 // 1.4604.
A little beginner trader since 2006
  • #229,315
  • Jun 1, 2010 7:08am Jun 1, 2010 7:08am
Quoting Naseri13
+45 pips !~
as you know im long, question how far down before you t/p?
  • #229,316
  • Jun 1, 2010 7:09am Jun 1, 2010 7:09am
Quoting cloggie
Only out by 200 pips.
congrate.
sorry for my false details.
I thunk that they are true.
A little beginner trader since 2006
  • #229,317
  • Jun 1, 2010 7:17am Jun 1, 2010 7:17am
Quoting fxoxford
as you know im long, question how far down before you t/p?
Quoting Naseri13
I wouldnt be looking to short GBPUSD untill 14611 but we will see nice double bottom above low and movement is currently impulsive , I would be careful.

I set an sell order on 14611 and tp was on 14565 .

My target riched.
A little beginner trader since 2006
  • #229,318
  • Jun 1, 2010 7:23am Jun 1, 2010 7:23am
Quoting Naseri13
I set an sell order on 14611 and tp was on 14565 .

My target riched.
, good job
  • #229,319
  • Jun 1, 2010 7:24am Jun 1, 2010 7:24am
ok, off to my office, got a export business to attend to, good luck to all
  • #229,320
  • Jun 1, 2010 7:28am Jun 1, 2010 7:28am
LONDON — Bailed-out U.S. insurer AIG said Tuesday it won't accept lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm rebellious shareholders who thought the price was too high.
A little beginner trader since 2006
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