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Cable Update (GBPUSD)

  • #272,081
  • Feb 16, 2011 5:49am Feb 16, 2011 5:49am
Quoting proz
Is time to go long now? I'm still waiting...
Waiting for 23.6% fib level to be broken, high-low swing from today, which it is currently making it's mind up over now.

If it breaks to upside, and my ALF setup says long then the short position will be closed.

If it shoots down again off this 23 fib then signs of a strong DT starting.
  • #272,082
  • Feb 16, 2011 5:50am Feb 16, 2011 5:50am
Well said
i have closed at 1.605
100pips
i use very high leverage
account incresed 65%


Quoting WengOn
A toilet cleaner(Me) said this :
it is a plan before u opened position, according to your plan, will be simple n nice.
Scalper will know their TP, Long term player will have different TP compare to Scalper. of course volume/ pip also playing a main role here.

if u r playing USD1 you can hold FOREVER..
100USD/pip, 1000usd/pip will be different,

day trader if u manage togo >50pips in24hours, stop and go,
cause not every day SUNDAY, u know?
week trader will be different... the faster u CLOSE position,
U WILL feel BEtter, u agreed, u have no...
Trade what you see, Not what you think.
  • #272,083
  • Feb 16, 2011 5:57am Feb 16, 2011 5:57am
Should i go for long now?
  • #272,084
  • Feb 16, 2011 6:03am Feb 16, 2011 6:03am
i have to go...see you all next time..
I will be the number one Manager.
  • #272,085
  • Feb 16, 2011 6:03am Feb 16, 2011 6:03am
Quoting proz
Should i go for long now?
I wouldn't yet mate, still showing a downward ALF-MTF at my end. It helps keep me out of impulsive top / bottom picking, looks like it might be correct again here.......
  • #272,086
  • Feb 16, 2011 6:08am Feb 16, 2011 6:08am
Quoting mcornbill
I wouldn't yet mate, still showing a downward ALF-MTF at my end. It helps keep me out of impulsive top / bottom picking, looks like it might be correct again here.......
TP 1.6 Hopefully can hit it
  • #272,087
  • Feb 16, 2011 6:16am Feb 16, 2011 6:16am
http://i1137.photobucket.com/albums/.../Capture-1.jpg
  • #272,088
  • Feb 16, 2011 6:30am Feb 16, 2011 6:30am
do you think cable will continue to drop?
Enter Signature
  • #272,089
  • Feb 16, 2011 6:36am Feb 16, 2011 6:36am
Quoting khizer
Well said
i have closed at 1.605
100pips
i use very high leverage
account incresed 65%

hello there.. may i know what was the reason of sudden drop of GBP USD despite of positive forecast and result?

i was stopped by 68pips on a sudden. some already knows that it was about to drop but that time im still cling on for the bullish effect of the news.

may i know what i have supposed to know? thank for the help.

godbless and more powers.
=)
See yourself in Abundance. FILIPINOs = WORLD CLASS. LONG LIVE PHILIPPINES
  • #272,090
  • Feb 16, 2011 6:39am Feb 16, 2011 6:39am
regarding fundamental analysis this week, GBP will be bullish but fundamental and technical analysis will be easily wiped out by sentiment.

for me, GBP will be bullish.
See yourself in Abundance. FILIPINOs = WORLD CLASS. LONG LIVE PHILIPPINES
  • #272,091
  • Feb 16, 2011 6:41am Feb 16, 2011 6:41am
Quoting vosterfxandy
do you think cable will continue to drop?
Hard to tell how much more.

Base on the daily I would say it's still going UP, especially after the fact, the flag has been broken up, so she's testing it right now...

I'm carefuly anyway.
  • #272,092
  • Feb 16, 2011 6:50am Feb 16, 2011 6:50am
felt tense n mess trading GU n gold this week ......

will feel better after this...watcha
  • #272,093
  • Edited 7:40am Feb 16, 2011 6:53am | Edited 7:40am
Quoting fxftime
Tsar, your tarket is too low 1.6175!!!

BOE'S going to Rate Hike !!!!!!
Add more position to long it at least 1.6470!!!

It's really really fun to see all those BOE performance !!!!

If business law could applied to a country like UK,
Then THE UK IS ALREADY BANKCRUPTED !

Now ,A bankcrupted UK BOE want to rate hike !!!
( with 400% Gdp dept and fragile ,weak ecnomoy !!!
Acutally ,almost dead economy)!!!

Soros severely damaged Cable during 70s, but did not kill it!!!

But The BOE will do it soon !!!! BOE is More powerful than Soros ,right?...
Bank of England Governor Mervyn King said policy makers haven’t preannounced an interest-rate increase and may need to keep borrowing costs at a record low to aid a recovery that is “unlikely to be smooth.” “Some people are running ahead of themselves in saying that we are pre-announcing, or we’re laying the ground, for a rate rise,” King told reporters in London today. “That decision has not been taken and it won’t be taken until we get to the next meeting, or the following meeting” and “it may be many quarters before we do anything.” The bank today forecast inflation will quicken from a two- year high and peak at about 4.4 percent before easing to the target by the middle of 2012.

"400% GDP Debt and alsmost dead economy" - Currently stands at around 60% of GDP and that is low if you compare it historically. Debt breached 200% during WWII. Sure, it doesn't include pension provisions, but the Govt can change things such as increase retirement age, which it is doing and are in no worse position with regards to pension provisions than other European countries -

http://www.ukpublicspending.co.uk/uk...ebt_chart.html

Projected debt as % of GDP =

http://www.ukpublicspending.co.uk/do...-total&units=p

Finally Soros did not damage cable in the '70s. That was the Labour government when they had to go to the IMF for a loan. Soros was in 1992. He didn't damage cable, but forced the British Government to pull it from the European Exchange Rate Mechanism (ERM). The British government gave in and withdrew from the ERM as it became clear that it was losing billions trying to buoy its currency artificially. Although it was a bitter pill to swallow, the pound came back stronger because the excess interest and high inflation were forced out of the British economy following the beating.

Next time get your fooking facts right before spouting such absolute tosh! I bet your longs are deep under water now
  • #272,094
  • Feb 16, 2011 7:00am Feb 16, 2011 7:00am
Quoting Black Hole
Hard to tell how much more.

Base on the daily I would say it's still going UP, especially after the fact, the flag has been broken up, so she's testing it right now...

I'm carefuly anyway.
hmmm, so annoying when daily doesn't agree with current trend
Enter Signature
  • #272,095
  • Feb 16, 2011 7:09am Feb 16, 2011 7:09am
Quoting vosterfxandy
hmmm, so annoying when daily doesn't agree with current trend
It depends what do you mean by "current", I think.

  • #272,096
  • Feb 16, 2011 7:12am Feb 16, 2011 7:12am
Quoting Black Hole
It depends what do you mean by "current", I think.

haha, true!
Enter Signature
  • #272,097
  • Feb 16, 2011 7:37am Feb 16, 2011 7:37am
check h4, buy? : P (for scalp)

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Hero calls followed by margin calls...
  • #272,098
  • Feb 16, 2011 7:37am Feb 16, 2011 7:37am
still heading down!
Enter Signature
  • #272,099
  • Feb 16, 2011 7:39am Feb 16, 2011 7:39am
Quoting PhAnTi'
check h4, buy? : P (for scalp)
buy?!?! man, u ok!
Enter Signature
  • #272,100
  • Feb 16, 2011 7:41am Feb 16, 2011 7:41am
Quoting PhAnTi'
check h4, buy? : P (for scalp)

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Hi PhAnTi,

Target DOWN H4 Support @1.5986 Like your said
Always looking the GREAT, never left GOOD Point...
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