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Cable Update (GBPUSD)

  • #267,181
  • Dec 22, 2010 2:14pm Dec 22, 2010 2:14pm
Quoting redbeben
this is the one for the pull back
UK economy flourishing? You must be joking bro. Believe me the UK will not flourish in 2011. VAT going up by 2.5% in a few weeks further stopping people from spending. We've already had Greece and Ireland in trouble with Spain, Portugal, Italy and the UK to come unfortunately. The banks are lending absolutely peanuts as they are also holding onto any money they receive from the tarp and investing it themselves into treasuries etc. God help us to be honest.
You've got to be IN IT to WIN IT!
  • #267,182
  • Dec 22, 2010 2:21pm Dec 22, 2010 2:21pm
Sorry meant to say that i see bounce only up to S1 @15411. From there i shall probably short (scalp) doon to 15350 and take it from there. My feeling is that there is insufficient volume in the market simply cos of time of year to go with any long term analysis ...talking 70 pips as long term. Could be wrong. Usually am.
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All systems of divination, like music itself,work through patterns.
  • #267,183
  • Dec 22, 2010 3:03pm Dec 22, 2010 3:03pm
Quoting Ifty
UK economy flourishing? You must be joking bro. Believe me the UK will not flourish in 2011. VAT going up by 2.5% in a few weeks further stopping people from spending. We've already had Greece and Ireland in trouble with Spain, Portugal, Italy and the UK to come unfortunately. The banks are lending absolutely peanuts as they are also holding onto any money they receive from the tarp and investing it themselves into treasuries etc. God help us to be honest.

well,you know better as you live there.I live in spain and here it just started to feel bad.
as for the economy I don't belive a word of the politicians either as there is nothing there to boost it back to the top....except maybe for an intervention as they did with the JPY in oct.
  • #267,184
  • Edited 3:28pm Dec 22, 2010 3:09pm | Edited 3:28pm
M15
Quoting chazzle
Personally I'm taking a bet on 15350 short term support/price back up to neckline scenario
Closing 1/3 for 1/3 TP.SL on the other 2 is now BE.Will close another 1/3 @ 15409 and the last one @ 15425 if they get there ...
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  • #267,185
  • Dec 22, 2010 3:14pm Dec 22, 2010 3:14pm
Quoting redbeben
well,you know better as you live there.I live in spain and here it just started to feel bad.
as for the economy I don't belive a word of the politicians either as there is nothing there to boost it back to the top....except maybe for an intervention as they did with the JPY in oct.
No doubt about how bad things will be for all of us. Having said that the U.S is also in trouble and so GU will simply decide it's direction on a tug of war between our two economies, simple. The dollar is rumoured to go down from the 80's (at present) to the low's of approx 30. I know nothing is guaranteed but I trust people like Peter Schiff, Gerald Celente etc more than any politician.
You've got to be IN IT to WIN IT!
  • #267,186
  • Dec 22, 2010 4:30pm Dec 22, 2010 4:30pm
[quote=Ifty;4260116]No doubt about how bad things will be for all of us. Having said that the U.S is also in trouble and so GU will simply decide it's direction on a tug of war between our two economies, simple. The dollar is rumoured to go down from the 80's (at present) to the low's of approx 30. I know nothing is guaranteed but I trust people like Peter Schiff, Gerald Celente etc more than any politician.[/quote

this means the GU will probably bounce back from the 1.53 level all the way back to 1.6298 and beyond...maybe..or it might go under 1.5298

afterall it us who decide the price
  • #267,187
  • Dec 22, 2010 6:09pm Dec 22, 2010 6:09pm
Quoting chazzle
M15

Closing 1/3 for 1/3 TP.SL on the other 2 is now BE.Will close another 1/3 @ 15409 and the last one @ 15425 if they get there ...
closing the 2nd @ 15405.5 SL on the last one is moved up to TP of the first @ 15390
  • #267,188
  • Dec 22, 2010 7:49pm Dec 22, 2010 7:49pm
i think it will go downward @ 5300 this week and correction @ 5435 and go down!!!! what you think guys?
  • #267,189
  • Dec 22, 2010 8:49pm Dec 22, 2010 8:49pm
we all look forward to surprises at the end of the year,,
GU will also give us a surprise at the end of the year,,

GU is still strong to continue to fall, but for now GU is still flat, and need to watch out in the arena of 1547 *, still waiting,
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only an analysis, and I'm always wrong, don't follow me,
  • #267,190
  • Dec 22, 2010 8:50pm Dec 22, 2010 8:50pm
Bearishness remains prevalent ... more downside to come; we broke significant support during NY morning. Will likely cash in half of this long in the next few pips, and see if 1.5435 can be reached as well. 1.546x would be an overshoot. Just really a matter of big money to come along for Frankfurt & London, and we know they ain't buying this for any sane reason.
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  • #267,191
  • Dec 22, 2010 9:18pm Dec 22, 2010 9:18pm
Quoting Beljevina
Bearishness remains prevalent ... more downside to come; we broke significant support during NY morning. Will likely cash in half of this long in the next few pips, and see if 1.5435 can be reached as well. 1.546x would be an overshoot. Just really a matter of big money to come along for Frankfurt & London, and we know they ain't buying this for any sane reason.
Good day to you,

Agreed. Just need to see reaction at the Tuesday low @ 1.5434 (1) or then the low of last week @ 1.5453 (2). Should price make it here / past here - I seriously doubt that sellers will allow price to pass the 50% line of the weekly range @ 1.5466.

All success to you

Regards
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  • #267,192
  • Dec 22, 2010 9:23pm Dec 22, 2010 9:23pm
.......we could see a big move north here.

Jim


Quoting Beljevina
Bearishness remains prevalent ... more downside to come; we broke significant support during NY morning. Will likely cash in half of this long in the next few pips, and see if 1.5435 can be reached as well. 1.546x would be an overshoot. Just really a matter of big money to come along for Frankfurt & London, and we know they ain't buying this for any sane reason.
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  • #267,193
  • Dec 22, 2010 9:30pm Dec 22, 2010 9:30pm
Quoting Nene
.......we could see a big move north here.

Jim
Absolutely, could happen ... did see your post in your thread and it's possible, (USDJPY declines look to be calling too) although I'd lean towards a bounce from 1.5275, only another 85 pips from the earlier cable low.

Definite iffy times ahead with the holidays & low volume ... I'll never forget GBPJPY melting-up 300 pips around Christmas day(s) last year.
  • #267,194
  • Dec 22, 2010 9:34pm Dec 22, 2010 9:34pm
Quoting Nene
.......we could see a big move north here.

Jim
Good day to you, Congrats on your dragon call yesterday. Well done.

I hear you - and if I may contribute ( although not addressed). I will only start considering longs once we clear (1) 1.5483 ( November low). And may enter long once (2) 1.5500 becomes support.

Not before that.

All the best!

Regards
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  • #267,195
  • Dec 22, 2010 9:38pm Dec 22, 2010 9:38pm
.....I remember that move on G/J well. Yea, G/U could really go either way. At crossroads.

Jim

Quoting Beljevina
Absolutely, could happen ... did see your post in your thread and it's possible, (USDJPY declines look to be calling too) although I'd lean towards a bounce from 1.5275, only another 85 pips from the earlier cable low.

Definite iffy times ahead with the holidays & low volume ... I'll never forget GBPJPY melting-up 300 pips around Christmas day(s) last year.
  • #267,196
  • Dec 22, 2010 9:40pm Dec 22, 2010 9:40pm
Quoting TauTrader
Good day to you, Congrats on your dragon call yesterday. Well done.

I hear you - and if I may contribute ( although not addressed). I will only start considering longs once we clear (1) 1.5483 ( November low). And may enter long once (2) 1.5500 becomes support.

Not before that.

All the best!

Regards
do you mind sharing your S/R indicator with me...
  • #267,197
  • Dec 22, 2010 9:40pm Dec 22, 2010 9:40pm
.....NZD/USD for a trigger long. Should be a great trade. Stand by.

Jim


Quoting TauTrader
Good day to you, Congrats on your dragon call yesterday. Well done.

I hear you - and if I may contribute ( although not addressed). I will only start considering longs once we clear (1) 1.5483 ( November low). And may enter long once (2) 1.5500 becomes support.

Not before that.

All the best!

Regards
  • #267,198
  • Dec 22, 2010 9:49pm Dec 22, 2010 9:49pm
bullish gartley pattern...entered long at 128.10 TP 129.87 SL 127.20
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  • #267,199
  • Dec 22, 2010 9:53pm Dec 22, 2010 9:53pm
Quoting Nene
.....NZD/USD for a trigger long. Should be a great trade. Stand by.

Jim
Stand by?

Hows bout you deliver a round of crullers and coffee whilst we wait there Jimbo?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,200
  • Dec 22, 2010 9:58pm Dec 22, 2010 9:58pm
Possible line of rejection to see if daily roll will hold...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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