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Cable Update (GBPUSD)

  • #266,101
  • Dec 8, 2010 3:20pm Dec 8, 2010 3:20pm
Quoting Enous
i'm new posting, but i have been reading your's post for allmost a year. I'm from Chile, south america.

GBP it's going up tomorrow, because the bank of England it's going to for a 200 billion in Asset Purchase Facility. Every time that this ocurrs, the GBP goes up, and the EUR follows it. I hope this pattern happens once again.

I´m long since 5770 in the GBP.

Best regards to all, and good luck.

PD: sorry for my english...
Hey Bro,

No problem with the english

Got to say that if Bank Of England decide to do asset purchases, GBP will drop like a rock. It's a form of QE and we have all seen the impact that had on DOllar!

Please correct me if I'm wrong...

BTW I'm short 5802 with s/l 5845...

t/p 5700 ish...
@pawpaw1000 on Twitter
  • #266,102
  • Dec 8, 2010 4:32pm Dec 8, 2010 4:32pm
Thanks paw.

But maybe you can see what happened on thursday november 4, when the bank of england went for a 200B buying assets.

November 2, GBP went down to a low of 5960, wensday trend went high and closed in 6104, the movement started 1 day before the asset purchasing (just like today), and november 4 GBP jumped to closed at 6273 with a high in 6298, almost 200 pips.
  • #266,103
  • Dec 8, 2010 5:41pm Dec 8, 2010 5:41pm
Most people would say the greatest movie line was Clark
Gable's delivery to Vivien Leigh in Gone With the Wind:
'Frankly, my dear, I don't give a damn'.

But the greatest, most accurate, and most timely movie
line was Bob Hope's from a real oldie with Paulette Goddard
and Richard Carlson in regards to a Zombie.

http://www.youtube.com/watch?v=3FjndHF_qCQ

I once shook Bob's hand in a Las Vegas airport... of course
thanking him for that brilliant movie line. lol

Keep smiling while Obama (Nero) fiddles and the U.S. (Rome) burns.

Dr. D.
  • #266,104
  • Dec 8, 2010 6:01pm Dec 8, 2010 6:01pm
Quoting Enous
i'm new posting, but i have been reading your's post for allmost a year. I'm from Chile, south america.

GBP it's going up tomorrow, because the bank of England it's going to for a 200 billion in Asset Purchase Facility. Every time that this ocurrs, the GBP goes up, and the EUR follows it. I hope this pattern happens once again.

I´m long since 5770 in the GBP.

Best regards to all, and good luck.

PD: sorry for my english...
lol... Do you know Mervin King then or can you read the BoE committee's mind? Did you see last month's minutes of the meeting at all?

If anything, they will sit on their hands for a little while longer... well that is my prediction!

Good luck with your trade!
  • #266,105
  • Dec 8, 2010 6:23pm Dec 8, 2010 6:23pm
Quoting pawpaw1000
Hey Bro,

No problem with the english

Got to say that if Bank Of England decide to do asset purchases, GBP will drop like a rock. It's a form of QE and we have all seen the impact that had on DOllar!

Please correct me if I'm wrong...

BTW I'm short 5802 with s/l 5845...

t/p 5700 ish...


I'm also short from 1.5800 SL 1.5865 My target is yet to be set. I'm gonna see what happens today.
  • #266,106
  • Dec 8, 2010 6:26pm Dec 8, 2010 6:26pm
I am short but from 1.5750. Problem is when I see it goes 1.5800 and above, I am really Short of confidence too. Will it be such that it just goes 1.5800 towards 1.6000?

Quoting fuse
I'm also short from 1.5800 SL 1.5865 My target is yet to be set. I'm gonna see what happens today.
  • #266,107
  • Dec 8, 2010 6:44pm Dec 8, 2010 6:44pm
1.5840 is the level I've been watching for a while. If price breaks this level, then yes I will be nervous about my trade too
  • #266,108
  • Dec 8, 2010 6:50pm Dec 8, 2010 6:50pm
Quoting bbakker
lol... Do you know Mervin King then or can you read the BoE committee's mind? Did you see last month's minutes of the meeting at all?

If anything, they will sit on their hands for a little while longer... well that is my prediction!

Good luck with your trade!

For the record, tomorrow FEB will buy 7 to 9 billions in treasurys.
  • #266,109
  • Dec 8, 2010 6:52pm Dec 8, 2010 6:52pm
Not saying short is right or wrong but at the moment after a strong bounce off of the quarterly pivot we have a few days worth of closes above the quarterly open , we now have a daily close above the monthly pivot , we are above the weekly pivot and daily pivot also . Just above is the 8 hour 200 otherwise there is room to the upside if we clear yesterdays high good luck all
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  • #266,110
  • Edited 9:35pm Dec 8, 2010 9:14pm | Edited 9:35pm
u guys must be a joker....

Look at this cahrt..short?????
We already buy dip from 1.56487 area and yesterday small short (H1/H4) from 1.58X area for 30-50pips should be ok)...

we alreadyclose above 1.57650 n broke 1.5830...then 1.59080-1.59780 are waiting for us???....guys chart never lie....

I am done in my trade but just visit overhere before take off tomorrow till Jan 2011....

Below is my EU if u guys interested......

http://www.forexfactory.com/showpost...stcount=337055
http://www.forexfactory.com/showpost...stcount=340470
http://www.forexfactory.com/showpost...stcount=340656

Happy Holiday guys....take care

chiow

g
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  • #266,111
  • Dec 8, 2010 11:41pm Dec 8, 2010 11:41pm
Quoting beginnerluck
I am short but from 1.5750. Problem is when I see it goes 1.5800 and above, I am really Short of confidence too. Will it be such that it just goes 1.5800 towards 1.6000?
trade your plan, if you don't believe in your plan, keep learning and build a better plan... (you must have an edge, one that suits you)

just trying to get lucky won't work,

you need to look at the people who consistently make clear logical contributions to threads like this, as these guys (who I have the utmost of respect for and thank them immensely) can demonstrate that it is possible, learn from them,
examine their posts and understand the elements of their methodologies.
you find many of them refer to the technicals of the chart...
a great place to start...

Welcome to the jungle! to survive in the jungle you need more than luck...
  • #266,112
  • Dec 9, 2010 12:07am Dec 9, 2010 12:07am
upside obstacle for the bulls?

Attached Image
  • #266,113
  • Dec 9, 2010 12:13am Dec 9, 2010 12:13am
Quoting Cobby
upside obstacle for the bulls?

Attachment
Thats what I'm basing my short on. Also the reversal candle on the 4hr. If price breaks above 1.5840 I will look to set up a new trade.
  • #266,114
  • Dec 9, 2010 12:28am Dec 9, 2010 12:28am
ascending triangle on 15 min, this should break out to the upside soon

long at 5826
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  • #266,115
  • Dec 9, 2010 1:06am Dec 9, 2010 1:06am
Im seeing ascending triangles on the 1hr and 4hr too. Right now we're just above the daily pivot and monthly pivot.

Hopefully price will break upwards!
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  • #266,116
  • Dec 9, 2010 1:17am Dec 9, 2010 1:17am
Quoting joemiami
ascending triangle on 15 min, this should break out to the upside soon

long at 5826
out at 5838 +12

getting sleepy, gnite
  • #266,117
  • Dec 9, 2010 1:27am Dec 9, 2010 1:27am
Quoting kaspopsicle
Isn't that a tweezer top and a doji and a dp right underneath?
If you using MT4 the easy way to find DOJI is right click your chart:
Properties > Colors > Line graph. Then change it to red, or any different color than your candles.

Just small thing to share
Attached Image
  • #266,118
  • Dec 9, 2010 1:44am Dec 9, 2010 1:44am
Quoting chazzle
Nice bounce off H4 UTL - I got one short from 15826 SL @ BE right now
got out of this for 20 in the end .... short again from 15828 .... no H4 close above this descending TL yet ... will close if we close above it
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  • #266,119
  • Dec 9, 2010 2:05am Dec 9, 2010 2:05am
Quoting chazzle
got out of this for 20 in the end .... short again from 15828 .... no H4 close above this descending TL yet ... will close if we close above it
ok trade is nicely in motion stops @ 15840 ... have a good day all ...
  • #266,120
  • Dec 9, 2010 2:11am Dec 9, 2010 2:11am
Quoting chazzle
ok trade is nicely in motion stops @ 15840 ... have a good day all ...
Whats your target for this trade? I have a soft target of 1.5735
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