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Cable Update (GBPUSD)

  • #270,081
  • Jan 26, 2011 5:00am Jan 26, 2011 5:00am
Quoting Ma Baker
& what about 78.6 fibo...!?


78.6 or whatever dont seem to make any confluence with resistance level ..if it breaks above 61.8 and that can hold as support short is in trouble

today we have usd news so it very difficult to know, which is why u have to wait or gamble
  • #270,082
  • Jan 26, 2011 5:06am Jan 26, 2011 5:06am
Quoting Exsilium
Still long to 15890 at which point I have an sell limit.

I will review at 15875
Closed 1.5765 long.
Short 1.5890
  • #270,083
  • Jan 26, 2011 5:10am Jan 26, 2011 5:10am
Quoting Exsilium
Closed 1.5765 long.
Short 1.5890
we didnt see 5765 i guess?

could you post a pic of your last trades and ur current one?

you picked lows and highs by the point...
can't believe this
Hero calls followed by margin calls...
  • #270,084
  • Jan 26, 2011 5:13am Jan 26, 2011 5:13am
Quoting nAVIN2007
i disagree it adds up..look at the monthly chart that is why it is heading up..we just at a point where we dont actually know what the hell is going on with usd..its so low that..it can recover or get dumped
Yes it seems the disparity between the weekly and the daily can make an inverted head/shoulders. I can only wonder if the ride back up will be a single spike or multiples, tearing above the zenith.

Quoting Amanda2
I know part of it is a result of USD weakness, but something doesn't really add up.
The economic figures don't include the newly liberated Afghan hashish.
  • #270,085
  • Jan 26, 2011 5:17am Jan 26, 2011 5:17am
Hi. Long time no see
Back to trading again after a Christmas break.

I see that the BOE minuttes had two votes for increase in intrest rate, why would this vote increase by one after the bad GDP yesterday ?
  • #270,086
  • Jan 26, 2011 5:25am Jan 26, 2011 5:25am
Quoting rossiya
Yes it seems the disparity between the weekly and the daily can make an inverted head/shoulders. I can only wonder if the ride back up will be a single spike or multiples, tearing above the zenith.


The economic figures don't include the newly liberated Afghan hashish.

i really right now not sure..i wanna short but u can see quite clearly that the blue line is holding as support.. if i short i will target the line but if this monthly closes bullish..it could just fly

long is safer than short with mm obviously
weekly does suggest 1.60 is a good zone to try short..
lets see what ..where we go from here

i believe this is offically in a uptrend however for it to go up..usd is in big trouble, and theres my problem..LOL trading such a belief is crazy but this is cray times
usd has bullish diverence..so much conflicting info
Attached Image (click to enlarge)
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  • #270,087
  • Jan 26, 2011 5:31am Jan 26, 2011 5:31am
The Fitty !
.
Attached Image (click to enlarge)
Click to Enlarge Name: gu26sell1.gif Size: 14 KB
  • #270,088
  • Jan 26, 2011 5:33am Jan 26, 2011 5:33am
Quoting Sunsi
Hi. Long time no see
Back to trading again after a Christmas break.

I see that the BOE minuttes had two votes for increase in intrest rate, why would this vote increase by one after the bad GDP yesterday ?
You can tell you have been away... Think about it... why would they want to raise interest rates?

If you don't have a basic grasp of ecomomics, should you be trading currencies?

Answer: Inflation

Why don't you just read the MoM report which I gave a link to in my earlier post - http://www.forexfactory.com/showthre...72#post4345072
  • #270,089
  • Jan 26, 2011 5:36am Jan 26, 2011 5:36am
Quoting nAVIN2007
i really right now not sure..i wanna short but u can see quite clearly that the blue line is holding as support.. if i short i will target the line but if this monthly closes bullish..it could just fly

long is safer than short with mm obviously
weekly does suggest 1.60 is a good zone to try short..
lets see what ..where we go from here

i believe this is offically in a uptrend however for it to go up..usd is in big trouble, and theres my problem..LOL trading such a belief is crazy but this is cray times
usd has bullish diverence..so much conflicting...
Hence we are in this pennant on the higher timeframes because of the indecision and hence the conflicting info!
  • #270,090
  • Jan 26, 2011 5:38am Jan 26, 2011 5:38am
Upside targets have been hit. Let the down move begin. We would offload at 1.5630. Happy trading!
  • #270,091
  • Jan 26, 2011 5:44am Jan 26, 2011 5:44am
Quoting gsantri
The Fitty !
.
be carefull on your short mate...
Verily, in every difficulties there is relief
  • #270,092
  • Jan 26, 2011 5:48am Jan 26, 2011 5:48am
5880 still the key.
Hero calls followed by margin calls...
  • #270,093
  • Jan 26, 2011 5:55am Jan 26, 2011 5:55am
Quoting PhAnTi'
5880 still the key.
I think: the price should touch 1,5900 and then we can go down
  • #270,094
  • Jan 26, 2011 5:55am Jan 26, 2011 5:55am
Sometimes, I feel that FF is all about spoon feeding and I am getting bored of it. Maybe my problem is that I am too fooking nice and try to help people. Maybe I should look after no.1 first! Maybe it is time to leave, because in all honesty, I am not getting much out of this forum now. I have nothing to prove to anyone.

When I first joined 11 months ago, I didn't have a clue about trading Forex. A number of senior members took me under their wing and provided sound advice and guidance, for which I am grateful. I also decided that I should invest in my Forex education and now I have been taught about the laws of demand and supply, price imbalance and price action, since then my trading has come on in leaps and bounds.

I have directed other members to 2 threads (priceaction and redsword11) who also trade exactly the same way, the Sam Seiden way and to me his method of trading makes perfect sense.

Maybe it is time to leave FF and focus on my work and my trading.

Thanks for the help, the laughs, the tears, the joy, the pain, the banter, the slander, the libel, the pettiness, the sarcasm, the name calling, but above all, the making of new friends. I will leave my contact details on my profile page, if people still want to keep in contact with me.

I wish everyone success and many green pips!
  • #270,095
  • Jan 26, 2011 5:58am Jan 26, 2011 5:58am
Quoting bbakker
Sometimes, I feel that FF is all about spoon feeding and I am getting bored of it. Maybe my problem is that I am too fooking nice and try to help people. Maybe I should look after no.1 first! Maybe it is time to leave, because in all honesty, I am not getting much out of this forum now. I have nothing to prove to anyone.

When I first joined 11 months ago, I didn't have a clue about trading Forex. A number of senior members took me under their wing and provided sound advice and guidance, for which I am grateful. I also decided that I should invest...
oO....
wish u all the best for the future baker.
Thanks for ur time and effort.

Thumbs up.

PhanTi
Hero calls followed by margin calls...
  • #270,096
  • Jan 26, 2011 6:05am Jan 26, 2011 6:05am
close long here,,,
I will be the number one Manager.
  • #270,097
  • Jan 26, 2011 6:10am Jan 26, 2011 6:10am
http://www.bloomberg.com/news/2011-0...ond-month.html


........H1/H4
  • #270,098
  • Jan 26, 2011 6:16am Jan 26, 2011 6:16am
Quoting primzvicious
be carefull on your short mate...
Thanks mate,

I just trade what I see.
Monthly R1, 50 fib and bearish div on M5-M15.
Targeting 60 with 20 pips SL. Will moved to BE if she break below DP.
After all, itchy finger lol G/L

Regards
  • #270,099
  • Jan 26, 2011 6:29am Jan 26, 2011 6:29am
Quoting gsantri
Thanks mate,

I just trade what I see.
Monthly R1, 50 fib and bearish div on M5-M15.
Targeting 60 with 20 pips SL. Will moved to BE if she break below DP.
After all, itchy finger lol G/L

Regards
my feeling said that shorting eu is more profitable than shorting gu atm... just my opinion and dont take it so seriously

gl
Verily, in every difficulties there is relief
  • #270,100
  • Jan 26, 2011 6:30am Jan 26, 2011 6:30am
Good day to you,

1.3250 is the number for EU. Mark this on your charts. We can look back in a couple of weeks. There has been little correlation to speak of between GU and EU - off late.

Obviously due to Sterling weakness -

Gu is only retracing. That is my opinion. Not saying there are no long trades - but do not marry these. Sell the rallies is my way to go. Gann tells me we remain in overall bearish territory for now. Bearish over last week (only just) and way bearish over this weeks averages. Bullish on the day - agreed.

My view will only change once 1.5930 becomes the base.

All success to you

Regards
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