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Cable Update (GBPUSD)

  • #247,821
  • Aug 23, 2010 1:58am Aug 23, 2010 1:58am
Quoting scotie pipen
getting close to the top of the 4hr channel. wonder if it has the juice to make it
she's always juicy
  • #247,822
  • Aug 23, 2010 1:59am Aug 23, 2010 1:59am
Quoting forexlion
i told u, she got plenty of wind left

1 hour 200 ema before any shorts
does a 200ema indicate a change in trend?
  • #247,823
  • Aug 23, 2010 2:01am Aug 23, 2010 2:01am
cable should continue trying to move up till this news event

Flash Manufacturing PMI"

then drop hard
  • #247,824
  • Aug 23, 2010 2:03am Aug 23, 2010 2:03am
now i am short for the week

price : 56004
stop : 57999
target: (54610, 53794)

54610 is the next fractal on the daily (8/20 fridays low)
53794 is the 200 ema on daily

Quoting forexlion
closer to 1 hour 200 ema is the optimal place to short

with a target of daily 200 ema

work out the pip reward yourself kids
  • #247,825
  • Aug 23, 2010 2:04am Aug 23, 2010 2:04am
good entry at 200 sma at 1 hr.

waiting for melt down
  • #247,826
  • Aug 23, 2010 2:04am Aug 23, 2010 2:04am
Quoting malcolmb14
audusd looking tasty also ..100 pip gap down , looks like effort to retrace / fill gap .. looking for weakness around 8930 for a 100 pip plus sell ...
mal,
did u see weakness over there wit AU.... Looks like all USD pairs are dropping. cable might have hit the high for the day , looking for a new low now
  • #247,827
  • Aug 23, 2010 2:14am Aug 23, 2010 2:14am
Quoting forexlion
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Yeah, woke up to some NICE profits on euraud and audusd. Both hit my target TP (All in, all out)
  • #247,828
  • Aug 23, 2010 2:14am Aug 23, 2010 2:14am
Friday High was broken

n we r trading above it

so shorting ............ ummm

still sitting on the fence
  • #247,829
  • Aug 23, 2010 2:15am Aug 23, 2010 2:15am
got in at 5596... s/l just above high...

Lets see where we are going. Would normally wait for confirmation but m15 got a nice upper wick and LO normally fakes and then goes soo getting a good RR...

Stop to BE as this PA freaks me out a bit...
@pawpaw1000 on Twitter
  • #247,830
  • Aug 23, 2010 2:16am Aug 23, 2010 2:16am
added yet another short at 5595
  • #247,831
  • Aug 23, 2010 2:18am Aug 23, 2010 2:18am
Quoting bbakker
All in, all out
http://img842.imageshack.us/img842/6...9gcsrtglco.jpg
  • #247,832
  • Aug 23, 2010 2:18am Aug 23, 2010 2:18am
Quoting joemiami
added yet another short at 5595
Can you tell the reason for shorting?? I am new and here to learn...
  • #247,833
  • Edited 2:49am Aug 23, 2010 2:26am | Edited 2:49am
Quoting bablo
I Don't disagree with you. However, every country is massaging their numbers to reflect their respective desired image.

Understandably countries will not mimic Zimbabwe as an extreme case of economics run amuck. But I’m sure there are plenty of skeletons to go around. Keep in mind the truth is frequently found in the middle of conflicting opinions.

I’ve included another report from 2008. Read with the benefit of hindsight and give me...
The benefit of hindsight is that the reporter forgot to look in Europe's own backyard, namely the PIIGS countries first.

Although at the end of July, Hungary is causing jitters in the market who will now no longer have access to the remainder (~$7bn) of a $20bn credit facility agreed in 2008 with the EU and IMF after one minister said that "further austerity was out of the question".

As for the EU bank stress tests...

Hungary look like they might be the first country to default as they stick their fingers up to austerity measures. Still, Argentina did it in 2002 and it looks like the money markets are ready to start loaning to them again!

Let's wait and see! Time will tell.
  • #247,834
  • Aug 23, 2010 2:27am Aug 23, 2010 2:27am
Good day to U'all... Looks like the "Coalition Government" has floored the once impeccable Economy of Aussie. Why do people generally repect thesame mistake of others again and again.
  • #247,835
  • Aug 23, 2010 2:28am Aug 23, 2010 2:28am
Quoting forexlion
dis was a 1 hour viagra over dose candle

wormie will kill someone someday
not today.
Thank You
  • #247,836
  • Aug 23, 2010 2:29am Aug 23, 2010 2:29am
au and fibre looking ready to drop with fibre already on its way...

CABLE, PLEASE FOLLOW YOUR FRIENDS!

just bounced off weekly pivot!
@pawpaw1000 on Twitter
  • #247,837
  • Aug 23, 2010 2:36am Aug 23, 2010 2:36am
Quoting Reznik
Good day to U'all... Looks like the "Coalition Government" has floored the once impeccable Economy of Aussie. Why do people generally repect thesame mistake of others again and again.

Death of the Aussie Dollar...
  • #247,838
  • Aug 23, 2010 2:37am Aug 23, 2010 2:37am
Hi, Please could someone assist with this question from a newbee?
When calculating the monthly pivot, Do you calculate it on the previous month (ie July), or the month that we are currently busy in? (High/Low and Close to date?)


Thanks in advance
  • #247,839
  • Aug 23, 2010 2:40am Aug 23, 2010 2:40am
Quoting Saffer
Hi, Please could someone assist with this question from a newbee?
When calculating the monthly pivot, Do you calculate it on the previous month (ie July), or the month that we are currently busy in? (High/Low and Close to date?)


Thanks in advance

from last month's candle.
  • #247,840
  • Aug 23, 2010 2:42am Aug 23, 2010 2:42am
Quoting Reznik
Death of the Aussie Dollar...
you reckon? I think the ad will drop but not as much as cable when we had a hung parliament...

Nothing today so far?
@pawpaw1000 on Twitter
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