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Cable Update (GBPUSD)

  • #236,701
  • Jul 8, 2010 11:43pm Jul 8, 2010 11:43pm
I suppose........

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  • #236,702
  • Jul 9, 2010 12:04am Jul 9, 2010 12:04am
Just took that nice break to 15200 for +30 flat now as it approaches the strong resistance again.
  • #236,703
  • Jul 9, 2010 12:05am Jul 9, 2010 12:05am
Anyone shorting this if it gets around 15230?
  • #236,704
  • Jul 9, 2010 12:07am Jul 9, 2010 12:07am
Quoting Alexptrader
Anyone shorting this if it gets around 15230?
The thought crossed my mind, lets see...
Don't be a hero. Don't have an ego. Always question yourself
  • #236,705
  • Jul 9, 2010 12:22am Jul 9, 2010 12:22am
Quoting Alexptrader
Anyone shorting this if it gets around 15230?

I hit it for a few, and now I think am looking to take it back up north....
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,706
  • Jul 9, 2010 12:28am Jul 9, 2010 12:28am
PPI results at 0930hrs 1 hr so flat until then. Expecting more positive numbers than predicted so lets wait and see
  • #236,707
  • Jul 9, 2010 12:35am Jul 9, 2010 12:35am
http://www.facebook.com/pages/Daily-...18261274885724
  • #236,708
  • Jul 9, 2010 12:46am Jul 9, 2010 12:46am
Quoting Alexptrader
PPI results at 0930hrs 1 hr so flat until then. Expecting more positive numbers than predicted so lets wait and see
Do you think that is strong enough news to push us through range?
"Keep your eyes on the helpers" - Mr. Rogers
  • #236,709
  • Jul 9, 2010 1:07am Jul 9, 2010 1:07am
will it break 5200 is the question.
  • #236,710
  • Jul 9, 2010 1:10am Jul 9, 2010 1:10am
I doubt the news alone will. By thi afternoon we should have a true direction you often find that new highs and lows are made on a friday. We could see a move in either direction today.
  • #236,711
  • Jul 9, 2010 1:28am Jul 9, 2010 1:28am
Quoting Alexptrader
I doubt the news alone will. By thi afternoon we should have a true direction you often find that new highs and lows are made on a friday. We could see a move in either direction today.
morning ladies..news wont give true direction it never will or has done..think about that..
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  • #236,712
  • Jul 9, 2010 1:51am Jul 9, 2010 1:51am
  • #236,713
  • Jul 9, 2010 1:54am Jul 9, 2010 1:54am
Quoting fxoxford
whats so funny?
  • #236,714
  • Jul 9, 2010 1:57am Jul 9, 2010 1:57am
Quoting nAVIN2007
whats so funny?
,
  • #236,715
  • Jul 9, 2010 2:01am Jul 9, 2010 2:01am
Quoting fxoxford
,
I do hope u realise that news simply add emotion to the market and provides opportunity..its the reaction of the traders to the news that gives the direction

theres a big difference..
I personally believe market discounts nothing and its all priced...if u trade the big picture, u can use charts to forecast news ..theres one for yah all
  • #236,716
  • Jul 9, 2010 2:05am Jul 9, 2010 2:05am
Quoting nAVIN2007
I do hope u realise that news simply add emotion to the market and provides opportunity..its the reaction of the traders to the news that gives the direction

theres a big difference..
, . keep up the good work.
  • #236,717
  • Jul 9, 2010 2:08am Jul 9, 2010 2:08am
Quoting fxoxford
, . keep up the good work.
  • #236,718
  • Jul 9, 2010 2:12am Jul 9, 2010 2:12am
not moving much since beginning of the month on 4 hr.



http://screencast.com/t/ZmU1NmZl
  • #236,719
  • Jul 9, 2010 2:27am Jul 9, 2010 2:27am
update
http://www.forexfactory.com/showthre...47#post3862147
  • #236,720
  • Jul 9, 2010 2:28am Jul 9, 2010 2:28am
4hr ascending channel remains intact as some horizontal consolidation sets-in...that 38.2% of the 6876-4229 at the current consolidation Hi.

G/L
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