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Cable Update (GBPUSD)

  • #276,941
  • Apr 20, 2011 2:24am Apr 20, 2011 2:24am
Quoting PoundTrader
still long at 1.6266, s/l 1.6178, new t/p 1.6461
cut 25% of my trade at 1.6376, now lets see where she goes, i like to bank a little profit once im up 100pips
  • #276,942
  • Apr 20, 2011 2:33am Apr 20, 2011 2:33am
MPC Meeting Minutes in about hour, should be major movement
  • #276,943
  • Apr 20, 2011 2:34am Apr 20, 2011 2:34am
what is your preview? up or down movement?
  • #276,944
  • Apr 20, 2011 2:36am Apr 20, 2011 2:36am
Quoting reg
what is your preview? up or down movement?
talking to me? my preview is up. but beacuse of news you have to wait and see.
  • #276,945
  • Apr 20, 2011 2:41am Apr 20, 2011 2:41am
yes. tks a lot just for info of your view. tks
  • #276,946
  • Apr 20, 2011 2:42am Apr 20, 2011 2:42am
Quoting reg
yes. tks a lot just for info of your view. tks
  • #276,947
  • Apr 20, 2011 2:44am Apr 20, 2011 2:44am
good stuff about to happen, make sure you get in where you fit in
  • #276,948
  • Apr 20, 2011 2:48am Apr 20, 2011 2:48am
Should move the pound up by 30 pips, i think
  • #276,949
  • Apr 20, 2011 2:57am Apr 20, 2011 2:57am
G/M

last 2 x daily candles form a bullish formation and the resulting upside move has breeched the 4hr descending trend line/channel...as price follows the 1hr ascending trend line plotted from 6165 lo, in the move up.

Price is challenging the previous 1hr/4hr swing hi zone leading to 6385, a breeech above here opening up that 6427 previous 1hr/4hr/daily swing hi zone from 8th April tested again on the 11th. Weekly R1 is around 6423

Near-term current 4hr screesnhot below.

Event Risk 0830am gmt Uk Boe/Mpc minutes...n/c to the 6-0-3 expected although 7-0-2 or 6-1-2 may see some £ selling on the knee-jerk, Converseley 5-0-4 or 5-1-3 may see some £ buying on the knee-jerk although in light of the recent fall in inflation there seems less chance of a near-term rate hike, particularly if retail sales and crucially Q1 gdp are weak too (not released yet.)

Looking bullish so far ?

G/L

http://i52.tinypic.com/1z5jfag.jpg
ex member
  • #276,950
  • Apr 20, 2011 3:02am Apr 20, 2011 3:02am
price is again testing underside of that previous 4hr ascending trend line...circles show the first test and rejection followed by the current test.

G/L
Attached Image
ex member
  • #276,951
  • Apr 20, 2011 3:11am Apr 20, 2011 3:11am
good stuff bbmac
  • #276,952
  • Apr 20, 2011 3:32am Apr 20, 2011 3:32am
WOWWWW...
going down...
  • #276,953
  • Apr 20, 2011 3:32am Apr 20, 2011 3:32am
Quoting smikester
seekerz, please don't post shorts. I just went long. We may yet test 1.6350. I hope not.
la..la...la...la.....
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #276,954
  • Apr 20, 2011 3:33am Apr 20, 2011 3:33am
do we think it will continue down?
  • #276,955
  • Apr 20, 2011 3:34am Apr 20, 2011 3:34am
Quoting untusoft
WOWWWW...
going down...
BOE minutes.... this is always a rollercoaster : p
Hero calls followed by margin calls...
  • #276,956
  • Apr 20, 2011 3:34am Apr 20, 2011 3:34am
Quoting 00montie
do we think it will continue down?
just dont enter now
Hero calls followed by margin calls...
  • #276,957
  • Apr 20, 2011 3:35am Apr 20, 2011 3:35am
Hmm, just a blip? Back to targetting 1.64?
  • #276,958
  • Apr 20, 2011 3:36am Apr 20, 2011 3:36am
Quoting redbeben
I'm in for the EU long at 1.4339 first TP 1.44(1.4410 are is the normal stop) and the next one is 1.4460(normally it should be 1.4480-90)

from 1.4480-90 short TP 1.4420 as first TP and then 1.435

let's see now

if the price will turn against me now I will just buy and buy and buy untill I will move the market up ..I have a jar full of pence and cents on the desk...I think that would be enough ))))))))
done overnight

prepare to exit the longs on EU as at 1.448-90 area there will be the drop to 1.4420 area

I'm kind of done for now ,going out for brakefast and be back by london close.if I see anything interesting on my mobile platform I will post it with some rudimentary charts...not that the rest of my charts are complex
  • #276,959
  • Apr 20, 2011 3:39am Apr 20, 2011 3:39am
  • #276,960
  • Apr 20, 2011 3:40am Apr 20, 2011 3:40am
Quoting redbeben
done overnight

prepare to exit the longs on EU as at 1.448-90 area there will be the drop to 1.4420 area

I'm kind of done for now ,going out for brakefast and be back by london close.if I see anything interesting on my mobile platform I will post it with some rudimentary charts...not that the rest of my charts are complex

very good man
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