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Cable Update (GBPUSD)

  • #235,441
  • Jul 4, 2010 4:52pm Jul 4, 2010 4:52pm
Quoting gotpips92
Any chance of a restest of 1.50 before a touch of 1.53?
Well, if one were an H4 trader, one could see this consolidation we had on Friday as a good opportunity to watch for a short, however 1.50 seems a bit of a reach to me, we have 5105 to get through first. The big problem still is though that the daily is not exactly cooperating yet.
  • #235,442
  • Jul 4, 2010 5:02pm Jul 4, 2010 5:02pm
Quoting Honored
we are not going to 1.5300. GU is out of steam. Get that out of your head. Honeybhi posted some interesting charts earlier. Lots of resistance and fib lines in the middle. 235, 260 280. GU loves the 5240-250 area. It will come take a days rest over there... Today bank holiday. if we are lucky we might see 1.5080.
Only a bank holiday in the US, rest of the world will be functioning as normal , few news releases tht will lead to price movement . Until its printed on the left side of the chart anything may happen lol.
  • #235,443
  • Jul 4, 2010 5:06pm Jul 4, 2010 5:06pm
Hi,

GU seems to go out of steam, that's right. Lots of resistances above 1.5200 to 1.5290, and there will be shorters at this price range this week.

Just for your information, here are where GU will go down and visit soon this week:

1. 1.5095

2. 1.5050

3. 1.5010

4. 1.4965 (Difficult to reach at this moment, but remember that anything can happen).

So, if you got stuck with your shorts at lower price, be calm, and watch for market price, and when it goes down to above price areas, try to close your position as soon as you can to feel comfortable. Do not be greedy.

Have a nice trading day !

By the way, market has opened, and no GAP up. So, nothing to be scared about. Lol.

James
  • #235,444
  • Jul 4, 2010 5:11pm Jul 4, 2010 5:11pm
We should get a 100 pip move today at least after LO, as it is only a US bank holiday. so we should be seeing anything less than 1.5100's. Just watch out for an up move to 1.5238 or so at LO.
  • #235,445
  • Jul 4, 2010 5:24pm Jul 4, 2010 5:24pm
Hi all, i just want to post my chart on boring monday.
It's H4 timeframe.
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  • #235,446
  • Jul 4, 2010 6:08pm Jul 4, 2010 6:08pm
hi all
hope all had a great weekend
any body have this spike down
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  • #235,447
  • Jul 4, 2010 6:18pm Jul 4, 2010 6:18pm
Quoting kill56
hi all
hope all had a great weekend
any body have this spike down
na, i dont see it on 2 of my brokers. What broker is that ?
  • #235,448
  • Jul 4, 2010 6:21pm Jul 4, 2010 6:21pm
Quoting Honored
na, i dont see it on 2 of my brokers. What broker is that ?
windsor and it was too darn fast
  • #235,449
  • Jul 4, 2010 6:28pm Jul 4, 2010 6:28pm
i also dont have that spike....

did u catch some pips
  • #235,450
  • Jul 4, 2010 6:35pm Jul 4, 2010 6:35pm
Quoting dzulfx
i also dont have that spike....

did u catch some pips
it was too fast look at m1 chart
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  • #235,451
  • Jul 4, 2010 6:38pm Jul 4, 2010 6:38pm
regards uk gov threatened cuts.

There's a standard trick in the world of car salesman known as "the hot water cold water" technique.
And it looks as if the government is applying the same selling skills of the car dealer to the business of selling cuts to the public services.
Basically, what it amounts to is that when a potential buyer comes in to look at a car he is first quoted an exorbitant price.
This is the hot water from which the buyer immediately pulls his hand out.
Then the price is lowered (this is the cold water) and hey presto the price/hot water becomes a lot more bearable even though it's still pretty painful.
Now looking at the government's call for some departments to estimate the impact of forty per cent cuts - could that possibly be the hot water to make us much more amenable to the rather less scorching prospect of twenty five per cent cuts ?
  • #235,452
  • Jul 4, 2010 7:05pm Jul 4, 2010 7:05pm
Quoting kill56
it was too fast look at m1 chart

in 1 min drop & up about 7* pips???
today i hope can make at lease 50 pips
  • #235,453
  • Jul 4, 2010 7:17pm Jul 4, 2010 7:17pm
Quoting Allseeingeye
I can see a TOTAL DOLLAR COLLAPSE because of the BP Oil spill. When they BLAST the Gulf Coast this August with a HAARP Manufactured Hurricane its Game Over for America!
I love the way your mind works
Alex Jones listener, perhaps??
******************* I'd rather make money than be right.
  • #235,454
  • Jul 4, 2010 7:30pm Jul 4, 2010 7:30pm
Cable breaks the 200 sma on 5m. Finally after 2 days. hope its a definite break. Good news for shorters
  • #235,455
  • Edited 8:24pm Jul 4, 2010 8:14pm | Edited 8:24pm
Quoting fxoxford
most traders in this thread is fake, i post my real account platform to show what trades i was in and people got mad, if your real then you should have no problem posting your real account, you can delete your account number and name, i also notice people posting there trades after the market made it's move, fake calls is what i call it

if you think this thread and all people here are fake, so why you still here??? just go, no one need your acc printscreen, give no signal either. moron.
I will be the number one Manager.
  • #235,456
  • Jul 4, 2010 8:21pm Jul 4, 2010 8:21pm
1hr seems like its retracing.Need to take out 1.5150 support first for further fall.
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  • #235,457
  • Jul 4, 2010 9:02pm Jul 4, 2010 9:02pm
Hi all

This is my view on GBPUSD

Daily above Gan = up

H4 above gan = up

Waiting for M30 and H1 give me the same direction to take long position
  • #235,458
  • Jul 4, 2010 9:29pm Jul 4, 2010 9:29pm
Lets see if she can extend her gains for another week. I would be cautious at going long at current price without first seeing a decent retrace.

And given its US holiday + Monday in general, the price could go anywhere. Sit tight and watch price movement.
The markets can remain irrational longer than you can stay solvent. -Keynes
  • #235,459
  • Edited 10:30pm Jul 4, 2010 10:05pm | Edited 10:30pm
Quoting 4xStar
I love the way your mind works
Alex Jones listener, perhaps??
I think he is a double Agent, but just listen to what they have been saying, WAIT TILL AUGUST! What comes in August are HURRICANES. Then listen to their BULLS**T Weather reports predicting WORSE HURRICANE SEASON IN DECADES! Without giving any reason as to why we are going to get the worse hurricane season in decades. Then look at how many companies & Countries have been told they dont need their help! This was intentional & the DUMPING OF BP SHARES 2 WEEKS BEFORE THE SPILL PROVES THAT!
  • #235,460
  • Jul 4, 2010 10:14pm Jul 4, 2010 10:14pm
Hey hey hey everyone, Happy july 4th for those from USA. Just came back from DC and the traffic is RIDICULOUS. Never seen so many people in one place like that LoL. Anyways Back to work "trading" ugh. Haven't seen charts for days, over partied if you know what i mean...lmao
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