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Cable Update (GBPUSD)

  • #270,101
  • Jan 26, 2011 6:32am Jan 26, 2011 6:32am
Quoting primzvicious
my feeling said that shorting eu is more profitable than shorting gu atm... just my opinion and dont take it so seriously

gl
clever...now u seem familiar with this 2 pair..especially when both of them changing their baton

add in : EY too
  • #270,102
  • Jan 26, 2011 6:33am Jan 26, 2011 6:33am
Quoting grashid
clever...now u seem familiar with this 2 pair..especially when both of them changing their baton

add in : EY too
Verily, in every difficulties there is relief
  • #270,103
  • Jan 26, 2011 6:39am Jan 26, 2011 6:39am
Quoting TauTrader
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...
i took a bite ..
what made me consider it was a kinda weekly head n shoulder developing worth a chance i think
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  • #270,104
  • Jan 26, 2011 6:40am Jan 26, 2011 6:40am
Though there is this notion amoungst traders to follow the bias on short, i don't think there is any entry for short just yet, i see a long until 1.61-1.62 region b4 i short, i may be wrong, but i have been longing from the bottom and would not expect any short until next week.

This is my view..... Price movement is my basis.


Quoting TauTrader
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...
  • #270,105
  • Jan 26, 2011 6:42am Jan 26, 2011 6:42am
Quoting bbakker
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
Thanks for your answer.
Yes. But by raising intrest rates, they will get lower infaltion. Right? More expeinsive to borrow, and get money..And the GBP will increase in value.
With the bad GDP, why would they do so? Woulden`t it be in their best intrest to keep GBP low to make the economic grow faster?
  • #270,106
  • Jan 26, 2011 6:42am Jan 26, 2011 6:42am
Thank you, Doc.,

I will strive to uphold the principles upon which the vouching system was born.

Am out for the day. Good luck all.
k .
All systems of divination, like music itself,work through patterns.
  • #270,107
  • Jan 26, 2011 6:43am Jan 26, 2011 6:43am
..
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  • #270,108
  • Jan 26, 2011 6:47am Jan 26, 2011 6:47am
Quoting fendi
Though there is this notion amoungst traders to follow the bias on short, i don't think there is any entry for short just yet, i see a long until 1.61-1.62 region b4 i short, i may be wrong, but i have been longing from the bottom and would not expect any short until next week.

This is my view..... Price movement is my basis.
Good day to you,

Awesome trade then. Well done on that.

This is what it is all about. Different views - love it. I will be the first to congratulate you when we reach your levels - trust me. I have just developed a system that tells me otherwise. Therefor my post.

I wish you all success and hope your trade brings you good profit

Regards
  • #270,109
  • Jan 26, 2011 6:50am Jan 26, 2011 6:50am
Quoting kaspopsicle
Thank you, Doc.,

I will strive to uphold the principles upon which the vouching system was born.

Am out for the day. Good luck all.
k .


Congrats!

Regards
  • #270,110
  • Jan 26, 2011 6:57am Jan 26, 2011 6:57am
we r going to see a new high on GU soon maybe tomorrow or friday.... that was the end of the short.....
  • #270,111
  • Jan 26, 2011 7:08am Jan 26, 2011 7:08am
Quoting primzvicious
my feeling said that shorting eu is more profitable than shorting gu atm... just my opinion and dont take it so seriously

gl
I am shorting EU @3712.

on GU 0.6 vol has closed for 21 pips, SL moved to BE.
  • #270,112
  • Jan 26, 2011 7:13am Jan 26, 2011 7:13am
Quoting nAVIN2007
i took a bite ..
what made me consider it was a kinda weekly head n shoulder developing worth a chance i think
good day to you,

Howzit hanging, Bro

Good to see you around. Head and shoulders is a shampoo, right?

all the best!

Regards
  • #270,113
  • Jan 26, 2011 7:21am Jan 26, 2011 7:21am
Quoting TauTrader
good day to you,

Howzit hanging, Bro

Good to see you around. Head and shoulders is a shampoo, right?

all the best!

Regards

been a slow year for me..first trade.. i got slapped!!
trying again..funny enough its its pretty much the same trade i did short last year which was a success

heres hoping!!! ..i wish u well brother! T

if this shampoo is a shampoo ..projected target is at least 700+ lower )

note the pullback on 2 day chart
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  • #270,114
  • Jan 26, 2011 7:31am Jan 26, 2011 7:31am
Quoting nAVIN2007
been a slow year for me..first trade.. i got slapped!!
trying again..funny enough its its pretty much the same trade i did short last year which was a success

heres hoping!!! ..i wish u well brother! T

if this shampoo is a shampoo ..projected target is at least 700+ lower )
As said - we can mark EU @ 1.3250 over the coming weeks. Let's hope GU can follow this time round in terms of confluence. That would make your target possible.

I am however jittery and sitting with the finger on the "Kill It" button. 1.5930 will be my signal to exit shorts.

Looks to me like the bots are selling GU - this is not good. So expect a spike up first.

Regards
  • #270,115
  • Jan 26, 2011 7:33am Jan 26, 2011 7:33am
Went long 58585. Looking good.
May the Force be with You
  • #270,116
  • Jan 26, 2011 7:36am Jan 26, 2011 7:36am
Quoting TauTrader
As said - we can mark EU @ 1.3250 over the coming weeks. Let's hope GU can follow this time round in terms of confluence. That would make your target possible.

I am however jittery and sitting with the finger on the "Kill It" button. 1.5930 will be my signal to exit shorts.

Looks to me like the bots are selling GU - this is not good. So expect a spike up first.

Regards
i know what u mean..we are below 60 ema on 1 hour chart as well..if this trade fails then i sold on support..what would be the chances aye!!
  • #270,117
  • Jan 26, 2011 7:38am Jan 26, 2011 7:38am
Looks like C@bl€ is going to bounce around until USD New Home Sales numbers out in and hour and 20mins..... I'll wait till then before deciding to add to my shorts....
May the forex be with you |
  • #270,118
  • Jan 26, 2011 7:51am Jan 26, 2011 7:51am
Quoting TauTrader
As said - we can mark EU @ 1.3250 over the coming weeks. Let's hope GU can follow this time round in terms of confluence. That would make your target possible.

I am however jittery and sitting with the finger on the "Kill It" button. 1.5930 will be my signal to exit shorts.

Looks to me like the bots are selling GU - this is not good. So expect a spike up first.

Regards
So - here is the spike....

Regards
  • #270,119
  • Jan 26, 2011 7:57am Jan 26, 2011 7:57am
Quoting PhAnTi'
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
I dont know how to post the pic directly here, but here is the attachment of the pic. As you can see, sell order at 15890. I also said in an earlier post that I had a sell limit at that point about an hour earlier.

The previous long was from 157699, not 15765.
Attached Image (click to enlarge)
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  • #270,120
  • Jan 26, 2011 8:02am Jan 26, 2011 8:02am
Quoting gsantri
I am shorting EU @3712.

on GU 0.6 vol has closed for 21 pips, SL moved to BE.
And hit. no worries bagged some.

if she can't break the fitty maybe I will re-enter my short
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