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Cable Update (GBPUSD)

  • #261,421
  • Oct 21, 2010 7:58am Oct 21, 2010 7:58am
im short here target 1.5650
  • #261,422
  • Oct 21, 2010 8:00am Oct 21, 2010 8:00am
few days strong support at 5730. Even tho bad retail data still pound wont drop. if 5730 cracks then we can see big candles down but futures are up so might go back to 58. Not sure wtf is happening. Taking in consideration that euro is going down pound should follow but that not the case
  • #261,423
  • Oct 21, 2010 8:02am Oct 21, 2010 8:02am
we have our very own bull bear fight ....
  • #261,424
  • Oct 21, 2010 8:03am Oct 21, 2010 8:03am
Quoting bonus76
few days strong support at 5730. Even tho bad retail data still pound wont drop. if 5730 cracks then we can see big candles up bit futures are up so might go back to 58. Not sure wtf is happening
dont know bout u but i see descending triangle..bearish continuation pattern. Britain cuts bring fear of QE.. we'll see.
  • #261,425
  • Oct 21, 2010 8:08am Oct 21, 2010 8:08am
Quoting iezzzwan
dont know bout u but i see descending triangle..bearish continuation pattern. Britain cuts bring fear of QE.. we'll see.

Maybe cos us election bring uncertainty is the reason for the for the strenght of eu but pound should fall

the election in the US - voters want less budget blow out, but Fed Reserve meets the same day to print money to bail out America. US $ to drop in coming weeks. near term uncertain. Stay out of the US $ asset markets after 4 Nov
  • #261,426
  • Oct 21, 2010 8:20am Oct 21, 2010 8:20am
Quoting bonus76
Maybe cos us election bring uncertainty is the reason for the for the strenght of eu but pound should fall

the election in the US - voters want less budget blow out, but Fed Reserve meets the same day to print money to bail out America. US $ to drop in coming weeks. near term uncertain. Stay out of the US $ asset markets after 4 Nov
BOE QE not fed
  • #261,427
  • Oct 21, 2010 8:23am Oct 21, 2010 8:23am
Quoting primzvicious
if we not broke... this point will be the best entry for long
aww shucks guys..

well theres a lot of downward pressure and it all comes down to 1.57 acting as support..but for how long..its certainly trying to push lower

breaking it may completely set the pound back of the recovery..its tough to trade this with conviction..but im in regardless

not that i take this wome seriously but hey..its in my favour
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  • #261,428
  • Oct 21, 2010 8:27am Oct 21, 2010 8:27am
Quoting nAVIN2007
aww shucks guys..

well theres a lot of downward pressure and it all comes down to 1.57 acting as support..but for how long..its certainly trying to push lower

breaking it may completely set the pound back of the recovery..its tough to trade this with conviction..but im in regardless
yeah it try to breach that level 7 times today.. couldnt possibly breach it this time.
  • #261,429
  • Oct 21, 2010 8:32am Oct 21, 2010 8:32am
sell if this hour make a 'RED' candle, if not, Don't.
I will be the number one Manager.
  • #261,430
  • Oct 21, 2010 8:32am Oct 21, 2010 8:32am
time to go cable, let's go!

Inserted Video
Thank You
  • #261,431
  • Oct 21, 2010 8:33am Oct 21, 2010 8:33am
Quoting nAVIN2007
aww shucks guys..

well theres a lot of downward pressure and it all comes down to 1.57 acting as support..but for how long..its certainly trying to push lower

breaking it may completely set the pound back of the recovery..its tough to trade this with conviction..but im in regardless

not that i take this wome seriously but hey..its in my favour


adding short with tight sl
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Verily, in every difficulties there is relief
  • #261,432
  • Oct 21, 2010 8:35am Oct 21, 2010 8:35am
I'm in short
I see a more power to downside ...
i think bears will won the game
  • #261,433
  • Oct 21, 2010 8:39am Oct 21, 2010 8:39am
Quoting primzvicious


adding short with tight sl
sl hit... done for me for today
Verily, in every difficulties there is relief
  • #261,434
  • Oct 21, 2010 8:41am Oct 21, 2010 8:41am
Whereas EU has done 179 pips so far today, GU has seen a distant 120 pips.

Something must be going on
  • #261,435
  • Oct 21, 2010 8:41am Oct 21, 2010 8:41am
Quoting primzvicious
sl hit... done for me for today

nice trading
  • #261,436
  • Oct 21, 2010 8:43am Oct 21, 2010 8:43am
Quoting nAVIN2007
nice trading
gl for your long...

and for others short too
Verily, in every difficulties there is relief
  • #261,437
  • Oct 21, 2010 8:51am Oct 21, 2010 8:51am
Attached Image (click to enlarge)
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Red
  • #261,438
  • Oct 21, 2010 8:53am Oct 21, 2010 8:53am
im so bored of waiting..
  • #261,439
  • Oct 21, 2010 9:04am Oct 21, 2010 9:04am
Just sharing some info with u guys frm the experts..

http://img63.imageshack.us/img63/7905/gbpp.jpg
  • #261,440
  • Oct 21, 2010 9:05am Oct 21, 2010 9:05am
Quoting iezzzwan
Just sharing some info with u guys frm the experts..

http://img63.imageshack.us/img63/7905/gbpp.jpg

Ashraf Laidi
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