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Cable Update (GBPUSD)

  • #236,721
  • Jul 9, 2010 4:32am Jul 9, 2010 4:32am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
As expected cable did have a downside and the direction is clear to me coupled with all the bad news coming but I totaly missed the GDP figures which are postponed to tuesday.

Will they be cooked, I don't know but for this govt to continue with Austerity messures I think they will be negative or neutral. After all they have to show they did something right else Labour will take the credit of getting economy out of recession with spending instead of cuts. I am a shorty on cable when it rises to take all the stops above 52 ensuring people are sucked into longs.

Till then I am buying every dip

ta
ams



Quoting ams
Seems our guy who was holding cable tightly has left the building sooner than I thought.
It's acting normal now up/down with indicies.

Tomm when BOE doesn't raise rates, I hope to see downside along with the indicies. Picture ain't pretty for UK with all the austerity meassures. Niether for USA with mountain debt for that matter.

Don't expect much buying above 152 level. Even if it's there it's fake.
  • #236,722
  • Jul 9, 2010 4:43am Jul 9, 2010 4:43am
Quoting ams
I am a shorty on cable when it rises to take all the stops above 52 ensuring people are sucked into longs.
ams
Don't be a hero. Don't have an ego. Always question yourself
  • #236,723
  • Jul 9, 2010 4:49am Jul 9, 2010 4:49am
Quoting fxoxford
, . keep up the good work.
I completely ignore news releases, does that make me a joke?

I assume that's what you're getting at with your post, apologies if I'm wrong.
"I made all my money by selling too soon"
  • #236,724
  • Edited 5:03am Jul 9, 2010 5:00am | Edited 5:03am
Quoting fxoxford
,
Hi FxOxford ! Can't believe what is happening ? But still laughing all the way to the Bank ! You are 100 + ! G J - not GBP/JPY - it is for Good Job ! H P : Happy Pips !
  • #236,725
  • Jul 9, 2010 5:06am Jul 9, 2010 5:06am
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..
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
Hi Navin. Real thing or its reflection in the Mirror -- more or less same same if the Mirror has not been produced for a Circus-show with clever distortions built in - I would think our mind manufacures signs to suit out outlook!
  • #236,726
  • Jul 9, 2010 5:08am Jul 9, 2010 5:08am
Quoting Bleek
I completely ignore news releases, does that make me a joke?

I assume that's what you're getting at with your post, apologies if I'm wrong.
IMO, Fxoxford did not mean that - his way of commenting when the results do not go along with news.
  • #236,727
  • Jul 9, 2010 5:09am Jul 9, 2010 5:09am
Quoting Bleek
I completely ignore news releases, does that make me a joke?

I assume that's what you're getting at with your post, apologies if I'm wrong.
wrong.
  • #236,728
  • Jul 9, 2010 5:10am Jul 9, 2010 5:10am
Quoting fxoxford
wrong.
Fair enough, I thought you were just laughing at that other chap which obviously wouldn't have been very sporting of you.
"I made all my money by selling too soon"
  • #236,729
  • Jul 9, 2010 5:11am Jul 9, 2010 5:11am
Quoting vilas
Hi FxOxford ! Can't believe what is happening ? But still laughing all the way to the Bank ! You are 100 + ! G J - not GBP/JPY - it is for Good Job ! H P : Happy Pips !
whats up my friend, i will talk to you later im off to bed it's 6am here, need to get some rest before i head to the office. me and you both laughing all the way to the bank
  • #236,730
  • Jul 9, 2010 5:14am Jul 9, 2010 5:14am
Quoting Bleek
I completely ignore news releases, does that make me a joke?

I assume that's what you're getting at with your post, apologies if I'm wrong.
Not at all ! That makes you a Wise man !
  • #236,731
  • Jul 9, 2010 5:14am Jul 9, 2010 5:14am
Quoting fxoxford
whats up my friend, i will talk to you later im off to bed it's 6am here, need to get some rest before i head to the office. me and you both laughing all the way to the bank
Good night ! Get some sleep !
  • #236,732
  • Jul 9, 2010 5:15am Jul 9, 2010 5:15am
Quoting Bleek
Fair enough, I thought you were just laughing at that other chap which obviously wouldn't have been very sporting of you.
why get invole in the first place. any way good luck.
  • #236,733
  • Jul 9, 2010 5:16am Jul 9, 2010 5:16am
Quoting vilas
Good night ! Get some sleep !
  • #236,734
  • Jul 9, 2010 5:23am Jul 9, 2010 5:23am
Attached Image (click to enlarge)
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IMO,

The MT Trend is still resuming up

May need to test the important Support to confirm
  • #236,735
  • Jul 9, 2010 5:33am Jul 9, 2010 5:33am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
This is what I think should happen, will that happen, may be or not.

ta
ams
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  • #236,736
  • Jul 9, 2010 5:37am Jul 9, 2010 5:37am
Looks like a BAT !

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R & S , That Is All !...
  • #236,737
  • Jul 9, 2010 5:42am Jul 9, 2010 5:42am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Short, cable 1.5180 SL 1.5245

USD Index bouncing at 61.8 Fibonacci (see daily USDX chart).

Cable at upper trendline resistance (see daily chart).

Bad GBP fundamental data the whole week.

See charts.

Have a good one. Cheers.
Attached Image(s) (click to enlarge)
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Being right is one, taking it from the table is two.
  • #236,738
  • Jul 9, 2010 5:46am Jul 9, 2010 5:46am
Quoting fxoxford
why get invole in the first place. any way good luck.
It's ok nothing personal, I've just noticed a lot of animosity in this thread of late, I think everyone needs a group hug (no heavy petting)!
"I made all my money by selling too soon"
  • #236,739
  • Jul 9, 2010 5:56am Jul 9, 2010 5:56am
Quoting Bleek
It's ok nothing personal, I've just noticed a lot of animosity in this thread of late, I think everyone needs a group hug (no heavy petting)!

Isn't it lovely how some trolls post here and then have a go at people commenting on public posts?

If we all just ignore the Nigerian Palm Pilot, he will disappear eventually.
  • #236,740
  • Jul 9, 2010 6:02am Jul 9, 2010 6:02am
morning Cloggie, i always breathe a sigh of relef when you come into the room, hope ur well.
All systems of divination, like music itself,work through patterns.
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