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Cable Update (GBPUSD)

  • #237,941
  • Jul 14, 2010 7:06am Jul 14, 2010 7:06am
May the news rock pound about 25 minutes to go

8:30am USD Core Retail Sales m/m


-0.1% -1.1%
8:30am USD Retail Sales m/m


-0.2% -1.2%
study of behavior and mind,conscious and unconscious
  • #237,942
  • Jul 14, 2010 7:09am Jul 14, 2010 7:09am
Quoting wormboy
no.

when I called for 1.7 early May, he called the 1.7 target I had as bullshit & laughed & ridiculed at the idea of it.
So I do not care if his counts or setup change now. That is not an issue, setups change all the time I know that. The thing was he was arrogant with his remarks towards me back then. So payback's a bitch.

anyway, again, sorry about the rant. Good luck with your trades.

Oops If this was the case.. You can ask the same octopus to screw him back..... and of-coz.. he can use all his eight Hands/Legs or c**k whatever.I'm sure he won't complain
  • #237,943
  • Jul 14, 2010 7:10am Jul 14, 2010 7:10am
Sentance was the dissenter in the last MPC report and is now saying:

“Over a period of time we need to reassess the amount of support the recovery needs. We need to start a process of moving interest rates up from what is an extremely low level and another reason for that is inflation hasn’t turned out to be as low as expected.”

http://www.getreading.co.uk/business...are_looking_up
  • #237,944
  • Jul 14, 2010 7:17am Jul 14, 2010 7:17am
Quoting wormboy
sure looks like a shetload of resistance to go thru from here. And there isn't the W1 pvp breakout retest yet.
okay, looks like those resistance worked so far & price is currently testing the ltl.
If the ltl goes, the previous range's hi will serve as the first support before the W1 pvp @5120.

Let's see how this goes. Good luck
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Thank You
  • #237,945
  • Jul 14, 2010 7:19am Jul 14, 2010 7:19am
The UK still faces a “material risk” of losing its prized triple A credit rating from Standard & Poor’s, in spite of swingeing cuts to reduce public sector borrowing, because of lingering doubts that economic growth will not be as strong as the Office for Budget Responsibility expects. The credit rating agency on Monday maintained the UK’s AAA rating but left it with a negative outlook, indicating downgrades are possible. S&P said it would review the ratings after the comprehensive spending review in the autumn, when it could upgrade its forecast if the government showed “early success” in achieving planned reductions in spending.
  • #237,946
  • Jul 14, 2010 7:33am Jul 14, 2010 7:33am
support been tested..

this news comin could really make this trendline go..lets see
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  • #237,947
  • Jul 14, 2010 7:40am Jul 14, 2010 7:40am
Funny how the charts know before us...I got a repeating reversal set-up @ that prev 1hr/4hr swing hi =prev resistance = potential rbs zone just before the U.s retail sales data hit at 1330pm Uk time, I have, over the years noticed that this is not a one-off...the phenomenon repeats over and over...

G/L
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ex member
  • #237,948
  • Jul 14, 2010 7:41am Jul 14, 2010 7:41am
Im trying to learn as much as poss at the moment. What would make you guys take an entry now?
  • #237,949
  • Jul 14, 2010 7:44am Jul 14, 2010 7:44am
Quoting bbmac
Funny how the charts know before us...I got a repeating reversal set-up @ that prev 1hr/4hr swing hi =prev resistance = potential rbs zone just before the U.s retail sales data hit at 1330pm Uk time, I have, over the years noticed that this is not a one-off...the phenomenon repeats over and over...

G/L
people use the news to forecast where price is going..i believe its the other way round..charts forecast the news

i rememeber here there was the election (UK ) i realised through doji on weekly that change in PM was gonna happen..data is a powerfull thing (via a change in direction)
  • #237,950
  • Jul 14, 2010 7:46am Jul 14, 2010 7:46am
) Its rock pound. Thanks GOD...In profit


Make sure you all close trading with + not -
study of behavior and mind,conscious and unconscious
  • #237,951
  • Jul 14, 2010 7:47am Jul 14, 2010 7:47am
Quoting sclpzmalay
) Its rock pound. Thanks GOD...In profit


Make sure you all close trading with + not -
post chart or keep quite (just playin)
  • #237,952
  • Jul 14, 2010 7:47am Jul 14, 2010 7:47am
Quoting sclpzmalay
May the news rock pound about 25 minutes to go ...
Nice big lot order )
study of behavior and mind,conscious and unconscious
  • #237,953
  • Jul 14, 2010 7:47am Jul 14, 2010 7:47am
This is going down imo.
Hourly reversal bar confirmed top.
Current bar retraced 50% of reversal bar and fell away. Sitting on the hourly trendline and wanting to break it.
Shame about support at 5230 and I got to sleep.
Oh well......
  • #237,954
  • Jul 14, 2010 7:49am Jul 14, 2010 7:49am
Quoting nAVIN2007
post chart or keep quite (just playin)

Tomorrow OK.....i want to watch movie tonite ONGBAK 3(final batle)

You better watch this movie at your nearest cinema or download it via torrent
study of behavior and mind,conscious and unconscious
  • #237,955
  • Jul 14, 2010 7:50am Jul 14, 2010 7:50am
Quoting sclpzmalay

Tomorrow OK.....i want to watch movie tonite ONGBAK 3(final batle)

You better watch this movie at your nearest cinema or download it via torrent
  • #237,956
  • Jul 14, 2010 7:53am Jul 14, 2010 7:53am
I think it may take a lot to get through this!

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"Keep your eyes on the helpers" - Mr. Rogers
  • #237,957
  • Jul 14, 2010 7:56am Jul 14, 2010 7:56am
Well, profits booked and 2 orders taken at 1.5280 for the short side.

Love it when a plan comes together!
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #237,958
  • Jul 14, 2010 7:56am Jul 14, 2010 7:56am
Quoting damonl
I think it may take a lot to get through this!

Attachment
thats an interesting approach to drawing the trendlines..so u considering this movement up a retest to the trendline to fall..

nice chart i like it but i have a different observation..yur chart make sense thou
  • #237,959
  • Jul 14, 2010 7:58am Jul 14, 2010 7:58am
Quoting Magix
Well, profits booked and 2 orders taken at 1.5280 for the short side.

Love it when a plan comes together!
Magix, do you consider this the start of the wave down (3?)
  • #237,960
  • Jul 14, 2010 8:00am Jul 14, 2010 8:00am
Quoting nAVIN2007
thats an interesting approach to drawing the trendlines..so u considering this movement up a retest to the trendline to fall..

nice chart i like it but i have a different observation..yur chart make sense thou

Thanks.. I have noticed that many times a price will come back and retest the trendline that it just broke. Sometimes even more than once.

I sometimes trade fractals that way as well on the 5M chart for 6- 10 pips with minimal risk. But the pullback and hit should happen within 1 or two bars. Otherwise it is not valid.
"Keep your eyes on the helpers" - Mr. Rogers
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