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Cable Update (GBPUSD)

  • #240,401
  • Jul 23, 2010 12:02am Jul 23, 2010 12:02am
Hi.

Anybody can help me write an EA?
  • #240,402
  • Jul 23, 2010 12:06am Jul 23, 2010 12:06am
Hello fellow traders...

I got Long @ 1.52905 just now..
TP @ 1.53200 (Will close the trade manually if necessary)
SL @ 1.51905

The pair has breached the 1H TF downtrend-line, so I assume that it is a good time for Bulls..
Attached Image
  • #240,403
  • Jul 23, 2010 12:20am Jul 23, 2010 12:20am

Thursday, July 22, 2010 22:19:51
(UK) National Housing Federation: Warns that 750k people at risk of losing their homes when the gov't changes housing benefits April 2011 - Guardian
- Likely to lead to the highest number of homeless people in Britain for more than three decades. The study estimates that the proposed changes could lead to at least 750,000 people being without a roof over their heads, five times the 140,000 currently considered homeless in Britain, and easily surpassing the 174,503 recorded in 2003, which was the highest figure for homelessness since modern records began in 1980
- Using data from councils, the federation says 425,000 people in London are at risk of losing their homes, while 326,250 people in the south-east are at risk

  • #240,404
  • Jul 23, 2010 12:23am Jul 23, 2010 12:23am
Spread the word

Inserted Video
  • #240,405
  • Jul 23, 2010 12:24am Jul 23, 2010 12:24am
Quoting Allseeingeye
[color=#000000][left]Thursday, July 22, 2010 22:19:51

(UK) National Housing Federation: Warns that 750k people at risk of losing their homes when the gov't changes housing benefits April 2011 - Guardian
[font=Verdana]- Likely to lead to the highest number of homeless people in Britain for more than three decades. The study estimates that the proposed changes could lead to at least 750,000 people being without a roof over their heads, five times...
Hi eyes, Uk fundi looks not good, getting bearish all the news
  • #240,406
  • Jul 23, 2010 12:32am Jul 23, 2010 12:32am
Quoting fxoxford
where's all the top traders/scammers at, the ones that was acting like they was some kind of guru posting there charts saying what trades they was in with no proof,
  • #240,407
  • Jul 23, 2010 12:32am Jul 23, 2010 12:32am
And wrap some fibs from swings around your charts, and a reliable system one shall have.

Couple this lot with time of day entries, and trading starts to improve. As Cloggie mentioned, 4hr LO close candle key - once Frankfurt fakeout determined.

Quoting fourxtrader
Credit goes to Daryl Guppy for some of this as he formulated the idea of two separate groups of moving
averages... a higher set of 6 which was only in a range of 30 - 60 periods representing long term investor
[i][color=#0000ff]mood...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #240,408
  • Jul 23, 2010 12:46am Jul 23, 2010 12:46am
The pair is seen dropped to 1.52650, just exactly the level in which my 1H TF downtrend-line lies... If it closes below this line, I'll need to force-close my previous Long... Proving me wrong then..
I thought that if there is less news affecting the pair, it will move according to purely technical..
Guess it's a good experience for me...
  • #240,409
  • Jul 23, 2010 1:02am Jul 23, 2010 1:02am
checking the short here.. 1.5280.. tough level.. been around here since yesterday,,
Personally, i dont see too much bull around here.. Maybe there will be a fake bull in a moment. will see.
  • #240,410
  • Jul 23, 2010 1:04am Jul 23, 2010 1:04am
I see that the pair is traded in range of 14days BB.. As long as it stays above the BB, I'd hold the trade, otherwise, force-close..
Other aspect is if some news affecting GU directly, I'd also force-close the trade (limit my loss)..
Thought that my trade can have landslide, but I was wrong..

Quoting HowieTrader
The pair is seen dropped to 1.52650, just exactly the level in which my 1H TF downtrend-line lies... If it closes below this line, I'll need to force-close my previous Long... Proving me wrong then..
I thought that if there is less news affecting the pair, it will move according to purely technical..
Guess it's a good experience for me...
Attached Image
  • #240,411
  • Jul 23, 2010 1:05am Jul 23, 2010 1:05am
Quoting mloistianto
checking the short here.. 1.5280.. tough level.. been around here since yesterday,,
Personally, i dont see too much bull around here.. Maybe there will be a fake bull in a moment. will see.
I see there will be something like this 1.5199-1.5280-1.5350
  • #240,412
  • Jul 23, 2010 1:08am Jul 23, 2010 1:08am
http://videosift.com/video/SNL-Tim-G...k-Stress-Tests

funny vid for stress test time
  • #240,413
  • Jul 23, 2010 1:17am Jul 23, 2010 1:17am
Quoting mloistianto
checking the short here.. 1.5280.. tough level.. been around here since yesterday,,
Personally, i dont see too much bull around here.. Maybe there will be a fake bull in a moment. will see.
i want a fake bull too for a test of 5300
  • #240,414
  • Jul 23, 2010 1:30am Jul 23, 2010 1:30am
Quoting special0nefx
Hi eyes, Uk fundi looks not good, getting bearish all the news
UK Takes a Likin But it Keeps on Tikin!
  • #240,415
  • Jul 23, 2010 1:31am Jul 23, 2010 1:31am
Quoting Allseeingeye
UK Takes a Likin But it Keeps on Tikin!
Look you sound out. How far can she goes.
  • #240,416
  • Jul 23, 2010 1:35am Jul 23, 2010 1:35am
Many trader wait to short
study of behavior and mind,conscious and unconscious
  • #240,417
  • Jul 23, 2010 1:39am Jul 23, 2010 1:39am
Quoting special0nefx
Look you sound out. How far can she goes.
Look at bull flag on 4hr target is 158 area so it can go at least there!
  • #240,418
  • Jul 23, 2010 1:42am Jul 23, 2010 1:42am
Quoting sclpzmalay
Many trader wait to short
i will try at 5320, R1 resistance. Tight SL 15 pips
  • #240,419
  • Jul 23, 2010 1:44am Jul 23, 2010 1:44am
It is breaking above the 50% fibo resistance area. Next possible Resistance Area is 1.53778
  • #240,420
  • Jul 23, 2010 1:48am Jul 23, 2010 1:48am
1 hour chart, I see a bull flag
1 hour chart, I see a breakout from range
fundamentally, UK GDP estimates are positive...
Unlikely to be a fake bull.
I call for 1.54000
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