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Cable Update (GBPUSD)

  • #254,961
  • Sep 22, 2010 3:49am Sep 22, 2010 3:49am
Anyone that can explain the down move?
Espacilay when 15min bars where so bullish!
  • #254,962
  • Sep 22, 2010 3:49am Sep 22, 2010 3:49am
Intraday sentiment turns mixed-bearish from bullish as 15min/30min bearish divergence patterns play out from the current 5715 intraday Hi....

1hr screenshot is below...unbreeched fibs are shown from that 5503 and 5529 swing lows to the 5715 swing Hi.

Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.

G/L

http://www.easy-upload.net/fichiers/z.201092210482.gif
ex member
  • #254,963
  • Sep 22, 2010 3:49am Sep 22, 2010 3:49am
Quoting uksnowman
me too at same position. Seems like a stop hunt but could be wrong.
do you know if Merve the smurf is talking?
then this could be temporarly reaction,
he likes to talk cable down,
hopefully the buyers come in latest at 1.5600
  • #254,964
  • Sep 22, 2010 3:51am Sep 22, 2010 3:51am
Quoting bbmac
Intraday sentiment turns mixed-bearish from bullish as 15min/30min bearish divergence patterns play out from the current 5715 intraday Hi....

1hr screenshot is below...unbreeched fibs are shown from that 5503 and 5529 swing lows to the 5715 swing Hi.

"Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.

G/L

http://www.easy-upload.net/fichiers/z.201092210482.gif...
"Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.

Could you please explain this a bit better! Would love that!
Would realy like to understand this move!
  • #254,965
  • Sep 22, 2010 3:52am Sep 22, 2010 3:52am
Quoting MisterTrader
Committee will have to resort to another tranche of QE in the near future – perhaps a further £50bn or so when the fiscal squeeze really kicks in at the start of next year.
o.k., this was causing the dip then (with cpi under exp.)
  • #254,966
  • Sep 22, 2010 3:53am Sep 22, 2010 3:53am
see my today trade gbpusd
and also see all trades to this link
http://www.mt4i.com/users/guru2010/stats
gurubillioner(at)yahoo.com
Attached Image (click to enlarge)
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  • #254,967
  • Sep 22, 2010 3:54am Sep 22, 2010 3:54am
kumaha damang ? hehehhe

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=665

Quoting gsantri
Santai bro..
put him on your iggy list.
not euphoria follower
  • #254,968
  • Sep 22, 2010 3:54am Sep 22, 2010 3:54am
Quoting MisterTrader
Committee will have to resort to another tranche of QE in the near future – perhaps a further £50bn or so when the fiscal squeeze really kicks in at the start of next year.
"trace of QE"
Could you explain hat to me ?
Thanks!
Would realy love to understand this move!
  • #254,969
  • Sep 22, 2010 3:55am Sep 22, 2010 3:55am
Quoting dag777
do you know if Merve the smurf is talking?
then this could be temporarly reaction,
he likes to talk cable down,
hopefully the buyers come in latest at 1.5600
not sure about smurf. Don't like the sound of the minutes re: possible further QE, this may turn into a bigger selloff so I might cut long loose if I have to and look to enter lower.

A test of the FOMC breakout area could be interesting (1.5560 area)
  • #254,970
  • Sep 22, 2010 3:57am Sep 22, 2010 3:57am
Quoting chazzle
3rd@15630 av now 15650
taking a 5 pip hit on 3 positions-could get trapped under post FOMC high-wipes out my 15 from earlier but still up by 22-better for the mind!
  • #254,971
  • Sep 22, 2010 3:58am Sep 22, 2010 3:58am
Quoting Sunsi
"Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.

Could you please explain this a bit better! Would love that!
Would realy like to understand this move!
Very simplistic explanation...Qe is effectively printing money and therefore adds to the supply of £'s...an over supply or anticipated over supply causing £ to drop...until inflation maybe kicks in caused by over supply of cheap money which causes central bank to raise rates to make borrowing more expensive, improving yield on holding £ thereby creating demand for it.

G/L
ex member
  • #254,972
  • Sep 22, 2010 3:59am Sep 22, 2010 3:59am
i go long now
Attached Image (click to enlarge)
Click to Enlarge Name: 22 sept.gif Size: 30 KB
yesterday was good, today is the best, tomorrow is amazing.....
  • #254,973
  • Sep 22, 2010 4:00am Sep 22, 2010 4:00am
Quoting nAVIN2007
have u ever considered..that perhaps people will advice on direction..but dont really want to expose there system as they believe it is there edge..therefore dont want to go in details

think outside the box..as appossed to have a narrow minded view...
And their system is not based on some reason that anyone could see on chart?
All systems are the same my friend, it's all traders that are different. You might argue this but in the end you'll tell yourself it's true. I have been looking at systems for years and why I trade none is because most of them i created by rigid minds. Rigidity is the way of death in the market, worse so in forex market.

PS: Maybe the edge is for sell to "special members"
PPS: One day we'll know who's narrow minded as this forum is great at producing clowns and charlatans. We've already seen many.

Peace!
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #254,974
  • Sep 22, 2010 4:00am Sep 22, 2010 4:00am
going short at fomc high 15645...looking now for the ema200 15m as target
  • #254,975
  • Sep 22, 2010 4:02am Sep 22, 2010 4:02am
Quoting danielabas
i go long nowAttachment
I will go long if we break 1.5652
  • #254,976
  • Sep 22, 2010 4:03am Sep 22, 2010 4:03am
Quoting wormboy
Okay I took 3/4 of my long position in profit off the table @673 & leaving the rest to complete the daily range.
There's no selling opportunity yet to those who are looking for it.
Good luck
Nice little rejection earlier to send cable back to primary support for a buying opportunity for a possible retest of the highs later.
Let's see how this goes.

Good luck.
Attached Image(s) (click to enlarge)
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Thank You
  • #254,977
  • Sep 22, 2010 4:04am Sep 22, 2010 4:04am
Quoting bbmac
Very simplistic explanation...Qe is effectively printing money and therefore adds to the supply of £'s...an over supply or anticipated over supply causing £ to drop...until inflation maybe kicks in caused by over supply of cheap money which causes central bank to raise rates to make borrowing more expensive, improving yield on holding £ thereby creating demand for it.

G/L
Thank you!
  • #254,978
  • Sep 22, 2010 4:05am Sep 22, 2010 4:05am
Quoting uksnowman
not sure about smurf. Don't like the sound of the minutes re: possible further QE, this may turn into a bigger selloff so I might cut long loose if I have to and look to enter lower.

A test of the FOMC breakout area could be interesting (1.5560 area)

yes, fingers at emergency button for manual close,
but the two pinbars on m15 not looking so bad (imo).
  • #254,979
  • Sep 22, 2010 4:05am Sep 22, 2010 4:05am
Quoting chazzle
going short at fomc high 15645...looking now for the ema200 15m as target
I couldn't ignore the 2 x 5min pinbar closes for a long...PA over-rules all else,...ie I had no pre-identified potential support/rbs there and no 5min reversal set-up, but 2 x PB's are a good trigger...just flat again now for a nice little scalp
Attached Image
ex member
  • #254,980
  • Sep 22, 2010 4:06am Sep 22, 2010 4:06am
Quoting Dayboy001
I will go long if we break 1.5652
yup that's ideally, if pa doesn't break 1.5652, i'll move my sl to be soon, let's see
yesterday was good, today is the best, tomorrow is amazing.....
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