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Cable Update (GBPUSD)

  • #240,421
  • Jul 22, 2010 11:50pm Jul 22, 2010 11:50pm
Quoting Allseeingeye
Look at bull flag on 4hr target is 158 area so it can go at least there!
We should get to 1.5350-1.54 today but we are going up thats for sure near term!
  • #240,422
  • Jul 22, 2010 11:50pm Jul 22, 2010 11:50pm
Quoting Togu
It is breaking above the 50% fibo resistance area. Next possible Resistance Area is 1.53778
In my opinion it needs to break th IBar at 1.5337 first, if we succeed that should give it enough momentum to go higher

Attached Image (click to enlarge)
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  • #240,423
  • Jul 22, 2010 11:51pm Jul 22, 2010 11:51pm
update
http://www.forexfactory.com/showthre...89#post3893989
  • #240,424
  • Jul 22, 2010 11:55pm Jul 22, 2010 11:55pm
I'm taking this trade.
why?: Because it is giving last daily candle is showing IB.
http://i262.photobucket.com/albums/i...pusdjuly23.gif

Next let's zoom in to get little idea when to enter.
http://i262.photobucket.com/albums/i...sdjuly23-2.gif

I trade break outs, so I always look at the support resistance area, to trade. Ok hope it will break out clean on daily IB bar.

http://i262.photobucket.com/albums/i...sdjuly23-3.gif
  • #240,425
  • Jul 22, 2010 11:55pm Jul 22, 2010 11:55pm
Quoting Allseeingeye
Look at bull flag on 4hr target is 158 area so it can go at least there!
ya,161 just nicely point there. There she's goes
  • #240,426
  • Jul 22, 2010 11:56pm Jul 22, 2010 11:56pm
Quoting uksnowman
Nice trade Azim, I always admire your patience to hold even when it flies into good profit. I missed the fun and games early today and thought about jumping in at the first pullback to 1.5235 area but I was too late to pull the trigger and she left without me. I put on a small long position on this latest dip, hoping for test of 1.533 where I will take half and let rest run to 1.54 if there is enough steam.

Did manage a nice trade on EJ though for +52 which I think was the pair of the day, hardly even a pullback!
cheers rich
I'm not that patient. I did clear half of my position yesterday & left the other half running till now. What's your trade now mate? Still holding up or out? 5400 today would be great tho
Thank You
  • #240,427
  • Jul 22, 2010 11:57pm Jul 22, 2010 11:57pm
Quoting Bitstream
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
I see news about GBP on economic calendar on FF, so I will sit on my hands until then
  • #240,428
  • Jul 22, 2010 11:59pm Jul 22, 2010 11:59pm
Ups D1/200 has been broken up again !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #240,429
  • Jul 23, 2010 12:01am Jul 23, 2010 12:01am
I'm watching the PA behaviour as is often seen - push up to LO, drop for news, reaction in line with result and trend. Down before up for me. (In terms of possible good long entries, that is)

Quoting zoreli
I see news about GBP on economic calendar on FF, so I will sit on my hands until then
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #240,430
  • Jul 23, 2010 12:06am Jul 23, 2010 12:06am
Quoting wormboy
cheers rich
I'm not that patient. I did clear half of my position yesterday & left the other half running till now. What's your trade now mate? Still holding up or out? 5400 today would be great tho
Good Job mate.. She is a awfully looking like a B*tch rite now.. moving forward and backward.. LOL..
  • #240,431
  • Jul 23, 2010 12:10am Jul 23, 2010 12:10am
Quoting wormboy
cheers rich
I'm not that patient. I did clear half of my position yesterday & left the other half running till now. What's your trade now mate? Still holding up or out? 5400 today would be great tho
we will not see 1.54 today.maybe next week.i expect only 1.535 today.i think cable may test 1.5154 after reach 1.535 and then going to 1.54.just my view mate.happy greens....
Gold Expedition Return This Year: -15.9%
  • #240,432
  • Jul 23, 2010 12:11am Jul 23, 2010 12:11am
Quoting wormboy
cheers rich
I'm not that patient. I did clear half of my position yesterday & left the other half running till now. What's your trade now mate? Still holding up or out? 5400 today would be great tho

Morning WB, Sterling will be a commodity currency today with the stress test due. DAX, FTSE and CAC down.
  • #240,433
  • Jul 23, 2010 12:13am Jul 23, 2010 12:13am
Quoting wormboy
cheers rich
I'm not that patient. I did clear half of my position yesterday & left the other half running till now. What's your trade now mate? Still holding up or out? 5400 today would be great tho
Hey Wormboy,

Are you having a lay in theses days ??
  • #240,434
  • Jul 23, 2010 12:15am Jul 23, 2010 12:15am
Quoting 45Condor
I'm watching the PA behaviour as is often seen - push up to LO, drop for news, reaction in line with result and trend. Down before up for me. (In terms of possible good long entries, that is)
no clear direction for now.. Yep.. pushing up and down just like that.. dont think will see new high though.. just my opinion..
  • #240,435
  • Jul 23, 2010 12:17am Jul 23, 2010 12:17am
Quoting Dayboy001
Hey Wormboy,

Are you having a lay in theses days ??

He probably wished he had a lay in, just a lie in me thinks.
  • #240,436
  • Jul 23, 2010 12:18am Jul 23, 2010 12:18am
it's nearing 8:20 so hopefully the 8am big boys are about to reverse there positions
  • #240,437
  • Jul 23, 2010 12:18am Jul 23, 2010 12:18am
Tin hat day

Ducking into the bunker today...

Good luck to all that venture onto the battlefield - I fear too many are going to take punts today, and possible have their accounts shot to pieces as the 'big guns' start firing.

Quoting mloistianto
no clear direction for now.. Yep.. pushing up and down just like that.. dont think will see new high though.. just my opinion..
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #240,438
  • Jul 23, 2010 12:18am Jul 23, 2010 12:18am
Hey all, hey Cloggs...

I'm waiting for a break either way but thinking will have to wait for the news... Anyone got a link to some info on the stress test?
@pawpaw1000 on Twitter
  • #240,439
  • Jul 23, 2010 12:19am Jul 23, 2010 12:19am
one of my followers chart. looks interesting, i put it here because if we break the line down we should see continuation of trends for eurusd and gbpusd
lets see...

ps. thanks Igor for the chart
Attached Image (click to enlarge)
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  • #240,440
  • Jul 23, 2010 12:19am Jul 23, 2010 12:19am
Quoting 45Condor
Tin hat day

Ducking into the bunker today...

Good luck to all that venture onto the battlefield - I fear too many are going to take punts today, and possible have their accounts shot to pieces as the 'big guns' start firing.

Yup, NFP and interest rates all rolled into one.
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