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Cable Update (GBPUSD)

  • #269,481
  • Jan 21, 2011 3:36am Jan 21, 2011 3:36am
Red Data...

What's going on 5 minutes before news ? 5M before

Friday,news etc....................

rgds,iqyu

Quoting primzvicious
hohoho
not euphoria follower
  • #269,482
  • Jan 21, 2011 3:37am Jan 21, 2011 3:37am
Quoting iqyu5an
Red Data...

What's going on 5 minutes before news ? 5M before

Friday,news etc....................

rgds,iqyu
that was quiet trickie.... i sticked to my shorts, nice news for me , not fur uk
Hero calls followed by margin calls...
  • #269,483
  • Jan 21, 2011 3:39am Jan 21, 2011 3:39am
Quoting PhAnTi'
that was quiet trickie.... i sticked to my shorts, nice news for me , not fur uk
Hold onto your short phanti... i think GU trying to fill in the gap...it will go down after that i hope..
  • #269,484
  • Jan 21, 2011 3:44am Jan 21, 2011 3:44am
Quoting veer2010
Hold onto your short phanti... i think GU trying to fill in the gap...it will go down after that i hope..
even closed it. gu is a bubble this week, bad employment data , bad data anyway actually...lol ...but still rising n rising all week long.

bubble building, dont wanna know when it will blow up : /
Hero calls followed by margin calls...
  • #269,485
  • Jan 21, 2011 3:47am Jan 21, 2011 3:47am
price was struggling at the prev sw lo on 5min before the data - then data occurred and price reacted..4th LH on 5min now

G/L
Attached Image
ex member
  • #269,486
  • Jan 21, 2011 3:48am Jan 21, 2011 3:48am
Quoting PhAnTi'
even closed it. gu is a bubble this week, bad employment data , bad data anyway actually...lol ...but still rising n rising all week long.

bubble building, dont wanna know when it will blow up : /
i c.. that may be because of a little hope the bulls have on the jan 26th MPC meeting.. if the guys there talk about the rate hike then we can expect sterling to hit 1.63
This is the reason GU is coming back at the door 1.59 area every time before any major release expecting a positive data. But, the retail sale had sucked and also the growth perspect and based on this there is no clue that MPc will talk about rate hike.. it will be better for them to let the GU sink and see in the next quarter..
  • #269,487
  • Jan 21, 2011 3:50am Jan 21, 2011 3:50am
bad gbp datas pushing us down, my first target is 1.5837 and if it breaks 1.5745-50 second target.
Attached Image (click to enlarge)
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  • #269,488
  • Jan 21, 2011 3:51am Jan 21, 2011 3:51am
Quoting letscry
bad gbp datas pushing us down, my first target is 1.5837 and if it breaks 1.5745-50 second target.
good one
  • #269,489
  • Jan 21, 2011 3:55am Jan 21, 2011 3:55am
€ has made a new high on weds and thurs above tuesday's then wednesday's hi and today is so far above thurs hi, £ no new high since Tuesday's 6059 !

Is € a leading indicator of £ or are they just uncorrelated at the moment ? Time will tell

G/L
ex member
  • #269,490
  • Jan 21, 2011 3:59am Jan 21, 2011 3:59am
price finding some demand at the new 4hr ascending trend line atm..possible 15min hammer there

G/L
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ex member
  • #269,491
  • Jan 21, 2011 4:00am Jan 21, 2011 4:00am
Quoting bbmac
€ has made a new high on weds and thurs above tuesday's then wednesday's hi and today is so far above thurs hi, £ no new high since Tuesday's 6059 !

Is € a leading indicator of £ or are they just uncorrelated at the moment ? Time will tell

G/L

they r corelated i guess coz eur/gbp rise bringing gbp/usd fall so this means pound earned too much power last week and if news come like no rise for rates any time soon dolar and euro will rape gbp in my view.
Attached Image (click to enlarge)
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  • #269,492
  • Jan 21, 2011 4:06am Jan 21, 2011 4:06am
Quoting letscry
they r corelated i guess coz eur/gbp rise bringing gbp/usd fall so this means pound earned too much power last week and if news come like no rise for rates any time soon dolar and euro will rape gbp in my view.
Also, you need to see the price EUR/GBP trading at this point. Current price is 0.8525 and if GBP weekens and EUR stabilizes then it can go max 0.90 and not higher than that... Market is not convinced yet that europe is out of debt crisis and unless this is proven, you will always end up seeing the price back to 0.80 or even 0.75 when Uk picks up pace
  • #269,493
  • Jan 21, 2011 4:07am Jan 21, 2011 4:07am
little bit of support >15880 - but around 15905 we got M15 EMA20 , trendline resistance , and ..... the FITY
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  • #269,494
  • Jan 21, 2011 4:07am Jan 21, 2011 4:07am
my problm is when they start selling eur/gbp eur/usd also falling but gbp/usd is going up at that moment
  • #269,495
  • Jan 21, 2011 4:09am Jan 21, 2011 4:09am
BBB reversal on 1 h chart, short @ 1,5970, stop @ 1,6025, limit @ 1,5885. But only if price does not make lower low.
  • #269,496
  • Jan 21, 2011 4:10am Jan 21, 2011 4:10am
Quoting letscry
my problm is when they start selling eur/gbp eur/usd also falling but gbp/usd is going up at that moment
hey mate, as i said earlier, it is trying to fill the gap created in 30min chart...once the gap is filled, it will continue journey south... also, you need to note that during NY start, traders will book their short as i guess the next week we will have a gap on the down side in GU..
  • #269,497
  • Jan 21, 2011 4:12am Jan 21, 2011 4:12am
Quoting veer2010
hey mate, as i said earlier, it is trying to fill the gap created in 30min chart...once the gap is filled, it will continue journey south... also, you need to note that during NY start, traders will book their short as i guess the next week we will have a gap on the down side in GU..

ty dude hope it happens

i am short from 1.5920 and took sl to entry , hope it wont touch it
  • #269,498
  • Jan 21, 2011 4:14am Jan 21, 2011 4:14am
Quoting veer2010
hey mate, as i said earlier, it is trying to fill the gap created in 30min chart...once the gap is filled, it will continue journey south... also, you need to note that during NY start, traders will book their short as i guess the next week we will have a gap on the down side in GU..
i don't think so..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #269,499
  • Jan 21, 2011 4:14am Jan 21, 2011 4:14am
close all position, my light run out (aliran)
PLN sialan..


becareful at 1.5959 see you all...
I will be the number one Manager.
  • #269,500
  • Jan 21, 2011 4:15am Jan 21, 2011 4:15am
Quoting letscry
ty dude hope it happens

i am short from 1.5920 and took sl to entry , hope it wont touch it
great..definately it will go down.. as long as citibank sitting on it :-)
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