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Cable Update (GBPUSD)

  • #271,341
  • Feb 9, 2011 2:17am Feb 9, 2011 2:17am
Quoting 45Condor
I'm not saying that you are wrong, but based on my analysis of the charts below, and the impending interest rate news tomorrow - most, I think, do not expect any increase, but I could be wrong - I do not see any substantial moves. By substantial, I'm thinking of hundreds of pips in one direction.

We have a little news today that may provide for some pokes, but other than that, I am expecting a somewhat dull day - now that I've said that, Cable is going to rocket...

The MPC report will probably be more interesting, and fuel speculation if it...
Lets us see to whom GBPUSD favors at the end of the day, Good Lucks to you
  • #271,342
  • Feb 9, 2011 2:22am Feb 9, 2011 2:22am
Quoting PhAnTi'
Definietly



Didnt say anything different?




-------------------------
Wonder why u guys with 0.01 posts/day dont contribute or post some charts instead of just blaming others?

Take and share.
I fully understand where you come from now.

A 19 year old boy, hanging out in a forum trying to be brave and looking for attention. Try to see yourself for what you are. You joined this forum yesterday and already you behave like you know it all. Is it the vouches which make you overplaying your role?

Step back, be quiet , respect others and try to learn and not to teach.
  • #271,343
  • Feb 9, 2011 2:27am Feb 9, 2011 2:27am
morning traders

well my cristal ball tells me nothing today.

on the daily there is room for a down move to 1.59 but on the other side the stochs tell me a diff story...still room for a move up.
but as soon as we go up with the stochs we will come down with the RSI and stuff and the sell cross will be done

so my opinion up a bit and down later.
anyway today I sit on my ass and wait for the news )
  • #271,344
  • Feb 9, 2011 2:27am Feb 9, 2011 2:27am
Quoting RandomGamble
I fully understand where you come from now.

A 19 year old boy, hanging out in a forum trying to be brave and looking for attention. Try to see yourself for what you are. You joined this forum yesterday and already you behave like you know it all. Is it the vouches which make you overplaying your role?

Step back, be quiet , respect others and try to learn and not to teach.
dont wanna continue this conversation.

You gonna do yours , and i gonna follow my line....

i'd never say anything offensive against you.... dont know why you are that emotional ?

hoe about start posting some charts and contributing your fx knowledge with others?

Quote
Step back, be quiet , respect others and try to learn and not to teach.

Dont need to step back, who the fuck steps back? always go ahead !

I respect others. Everywhere.

Ph.
Hero calls followed by margin calls...
  • #271,345
  • Feb 9, 2011 2:30am Feb 9, 2011 2:30am
Don't like PA, bailed out with my short:

M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0040.png Size: 44 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #271,346
  • Feb 9, 2011 2:33am Feb 9, 2011 2:33am
Yeah, it's looking a little messy. Sitting on my hands - well, one hand holding coffee, the other a biscuit - as I try to decide if this is mark up for discount sell come the news.

Ah, forever guessing, that is this game around London open/stroke early morning news.

Watching the USINDX closely for clues - never see anything though...

Quoting USD-Bear
Don't like PA, bailed out with my short:

M15:
Attachment
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #271,347
  • Feb 9, 2011 2:34am Feb 9, 2011 2:34am
...what say price top out at 1.6100 in time for news?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #271,348
  • Feb 9, 2011 2:36am Feb 9, 2011 2:36am
16099. Lets see how this goes.
  • #271,349
  • Feb 9, 2011 2:39am Feb 9, 2011 2:39am
Quoting USD-Bear
Bear-play imho not over yet
Wouldn't touch longs below DPP @ 1.613
hello bear,

thanks for the heads up my friend. But I bought cable not based on the i/d setup, it's a position trade.

Here is the link to my reasoning for the trade taken:
1. http://www.forexfactory.com/showpost...postcount=9204

Have a good one
Thank You
  • #271,350
  • Feb 9, 2011 2:46am Feb 9, 2011 2:46am
Quoting 45Condor
Yeah, it's looking a little messy. Sitting on my hands - well, one hand holding coffee, the other a biscuit - as I try to decide if this is mark up for discount sell come the news.

Ah, forever guessing, that is this game around London open/stroke early morning news.

Watching the USINDX closely for clues - never see anything though...
Yes not easy seeing something in USDX.
My pivotable point (longer term) sits @ 80, trying to see a H&S here with it's neck @ 78.44 but atm PA doesn't look like it wants to complete it.
Typical case for me of watching and doing nothing

sorry forgot chart:
Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #271,351
  • Feb 9, 2011 2:48am Feb 9, 2011 2:48am
Quoting USD-Bear
Yes not easy seeing something in USDX.
My pivotable point (longer term) sits @ 80, trying to see a H&S here with it's neck @ 78.44 but atm PA doesn't look like it wants to complete it.
Typical case for me of watching and doing nothing
better wait and do nothing and struggle with stupid setups and entries

theres no place for impatient traders : p

i will sell below 6000.


Phanti.
Hero calls followed by margin calls...
  • #271,352
  • Feb 9, 2011 2:51am Feb 9, 2011 2:51am
Quoting spot
16099. Lets see how this goes.
why?
Thank You
  • #271,353
  • Feb 9, 2011 2:53am Feb 9, 2011 2:53am
Quoting wormboy
hello bear,

thanks for the heads up my friend. But I bought cable not based on the i/d setup, it's a position trade.

Here is the link to my reasoning for the trade taken:
1. http://www.forexfactory.com/showpost...postcount=9204

Have a good one
Hi worm, sorry didn't intend to be
Always looking for those position trades, they sound marvelous when others talk about it, but I hardly ever succeed in them. Human mind is strange I always have arguments killing those position trades, mainly the ones where huge profits went to BE
Thanks for the info, hope you'l succeed
Don't be a hero. Don't have an ego. Always question yourself
  • #271,354
  • Feb 9, 2011 2:59am Feb 9, 2011 2:59am
just to have a different view :

daily looks like compression towards 1.6000 level.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB


weekly :

Attached Image (click to enlarge)
Click to Enlarge Name: wekk.gif Size: 21 KB



anyway im short cable, gbpchf and gbpjpy due tomorrows boe decision.
all swing trades,not intraday....small sizes.


my 2 cents.
keep care.

PhanTi
Hero calls followed by margin calls...
  • #271,355
  • Feb 9, 2011 3:02am Feb 9, 2011 3:02am
Implication of Monetary Policy Committee Decisions to GBPJPY
In January 2000, Bank of England decided to raises Interest rate by 0.25% to 5.75 %. Market reacts with the announcement and value of GBPJPY increased by nearly 1000 pips. Others as below :
Full Report
  • #271,356
  • Feb 9, 2011 3:06am Feb 9, 2011 3:06am
Quoting USD-Bear
Hi worm, sorry didn't intend to be
no worries mate

Quoting USD-Bear
Human mind is strange I always have arguments killing those position trades, mainly the ones where huge profits went to BE
Thanks for the info, hope you'l succeed
& I always try to stay in one for as long as I can! I'm one lazy bugger see ... as profitable scalps are to me, I am never one in favour of spending countless hours in front of the screen looking for the next setup from one session to the other. Not really why I got myself into trading anyway! So whenever there's a possibility of a good position trade developing I'd be happy to be the first to jump in. Nothing easier than to check your trade once or twice a day & keep moving those stops as you book some.
I love to sleep, love to enjoy my time out with friends & play with my son, so this type of trade allows me to do all the above
Welp, that's enough musing for one day lol. Have a great day & good luck with your trades!
Thank You
  • #271,357
  • Feb 9, 2011 3:06am Feb 9, 2011 3:06am
bounce at the 38.2 fib of daily range

Attached Image
  • #271,358
  • Feb 9, 2011 3:07am Feb 9, 2011 3:07am
i'm in, sell..,no need chart tought..if you need reason, in 1 hour chart candle already touch the bollinger..wish me luck..
I will be the number one Manager.
  • #271,359
  • Edited 3:10am Feb 9, 2011 3:09am | Edited 3:10am
Quoting wormboy
why?
Because it has been a reactional level in past + round numbers tend to have pushback effect. ++ it's a mini downtrend on h1 chart, and was closing in diagonal TL.
  • #271,360
  • Feb 9, 2011 3:10am Feb 9, 2011 3:10am
Quoting PandoraBox
Implication of Monetary Policy Committee Decisions to GBPJPY
In January 2000, Bank of England decided to raises Interest rate by 0.25% to 5.75 %. Market reacts with the announcement and value of GBPJPY increased by nearly 1000 pips. Others as below :
Full Report
would be swell to get that thousand then, since I have till this friday till my bullish stance expires
Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 47 KB
Thank You
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