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Cable Update (GBPUSD)

  • #240,441
  • Jul 23, 2010 2:20am Jul 23, 2010 2:20am
Quoting pawpaw1000
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?

Morning PP. They have still not confirmed the timing of it, just watch one of the news providers for it. So far we are just getting dribs and drabs from local regulators.
  • #240,442
  • Jul 23, 2010 2:21am Jul 23, 2010 2:21am
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
Nice profits! I like to take half off too but I usually get too impatient to leave the other half for to run too long even though it's a free trade and often find I close it before it hits the tp, something I have to work on.

I got stopped out of my GU yesterday, had my stop a bit too close. But I was sure that we would see a move upwards above 1.53 before end of today. Price has been holding above the 50 fib of the last intra-day swing which is a good sign for longs. Assuming that bullish candle in Frankie session was not a fakeout then I think we should see a test of 1.533 in early London session and hopefully 1.54 later. Could be a volatile day though due to stress test results!
  • #240,443
  • Jul 23, 2010 2:33am Jul 23, 2010 2:33am
I'm looking at a short around 5276.... anyone else planning on shorting cable today?
  • #240,444
  • Jul 23, 2010 2:39am Jul 23, 2010 2:39am
Quoting mloistianto
Good Job mate.. She is a awfully looking like a B*tch rite now.. moving forward and backward.. LOL..
thanks bro. only a good job when I get paid in full. right now it's only halfway

Quoting budak baru
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....
sounds good. as long as she keep printing higher is fine by me. Good luck to you too.

Quoting cloggie
Morning WB, Sterling will be a commodity currency today with the stress test due. DAX, FTSE and CAC down.
cloggs thanks for the heads up mate

Quoting Dayboy001
Hey Wormboy,

Are you having a lay in theses days ??
hey dayboy, not quite sure what you mean?
Thank You
  • #240,445
  • Jul 23, 2010 2:42am Jul 23, 2010 2:42am
Well, profit locked at BEP, let go to 1.5335 (R1) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #240,446
  • Jul 23, 2010 2:44am Jul 23, 2010 2:44am
Quoting manize
Well, profit locked at BEP, let go to 1.5335 (R1) !

London R1 is 5312, but I agree with your target, I have 5338
  • #240,447
  • Jul 23, 2010 2:44am Jul 23, 2010 2:44am
can anybody here help me with an EA?
  • #240,448
  • Jul 23, 2010 2:47am Jul 23, 2010 2:47am
Quoting uksnowman
Nice profits! I like to take half off too but I usually get too impatient to leave the other half for to run too long even though it's a free trade and often find I close it before it hits the tp, something I have to work on....
thanks rich.
Yup, could be a volatile day. But I do think we'll get to see higher prices in the coming days (which we had so today) after the D1 printed a full reversal formation.
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Thank You
  • #240,449
  • Jul 23, 2010 2:50am Jul 23, 2010 2:50am
Quoting cloggie
London R1 is 5312, but I agree with your target, I have 5338

when you said cable will be commodity currency today, did you mean it will have a close link with commodities or just volatile?

sorry, deur die kak!
@pawpaw1000 on Twitter
  • #240,450
  • Jul 23, 2010 2:51am Jul 23, 2010 2:51am
Quoting pawpaw1000

when you said cable will be commodity currency today, did you mean it will have a close link with commodities or just volatile?

sorry, deur die kak!

With the stress test due today and the UK getting 50-60% of its income from finance, Sterling will be an indicator of the wider health of the banking sector.

BTW, tested the R1 to the pip.
  • #240,451
  • Jul 23, 2010 2:51am Jul 23, 2010 2:51am
Quoting pawpaw1000

when you said cable will be commodity currency today, did you mean it will have a close link with commodities or just volatile?

sorry, deur die kak!

Ja... sommiges kan verstaan. Lekker dag!
  • #240,452
  • Jul 23, 2010 2:53am Jul 23, 2010 2:53am
MOrning/day/afternoon everyones. Waiting for news to take a posititon. Bull action atm, capped on the upside by R1 and this black TL...will it work as yesterdays one??? Don't think so. Waiting for some good news to go long tg @5460.

Good trades guys!
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  • #240,453
  • Jul 23, 2010 2:58am Jul 23, 2010 2:58am
Quoting cloggie
London R1 is 5312, but I agree with your target, I have 5338
Thank you mate ! Mine is still based on 07.00 am GMT +7 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #240,454
  • Jul 23, 2010 2:59am Jul 23, 2010 2:59am
Quoting manize
Thank you mate ! Mine is still based on 07.00 am GMT +7 !

I trade the London/NY session so only use London numbers.
  • #240,455
  • Jul 23, 2010 3:02am Jul 23, 2010 3:02am
Why the GBP is getting very volitile?
  • #240,456
  • Jul 23, 2010 3:03am Jul 23, 2010 3:03am
i expect price to complete wave a,b n c....
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  • #240,457
  • Jul 23, 2010 3:03am Jul 23, 2010 3:03am
Quoting cloggie
With the stress test due today and the UK getting 50-60% of its income from finance, Sterling will be an indicator of the wider health of the banking sector.

BTW, tested the R1 to the pip.
hehe, jip... think 53383 is next before possible turn... but letting pa tell me. havent traded yet.
@pawpaw1000 on Twitter
  • #240,458
  • Jul 23, 2010 3:06am Jul 23, 2010 3:06am
seems like they just have noticed the FLAG lol
  • #240,459
  • Jul 23, 2010 3:08am Jul 23, 2010 3:08am
Quoting pawpaw1000
hehe, jip... think 53383 is next before possible turn... but letting pa tell me. havent traded yet.

I took a sneaky long on both euro and cable after the Italian numbers came out, something FF doesn't publish for some reason. And now with the German numbers out positive too am holding onto both. Looking for 2946 on euro.
  • #240,460
  • Jul 23, 2010 3:09am Jul 23, 2010 3:09am
Quoting reza
may I ask you what's your tp ?
I would think we have to break through 1.6050 area to get any higher, but the daily chart and as solid as this resistence is, I may be watching the daily chart on this one.. really, sky is the limit, but who knows how long it will take it to get there.
"Keep your eyes on the helpers" - Mr. Rogers
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