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Cable Update (GBPUSD)

  • #280,841
  • Jun 8, 2011 2:20am Jun 8, 2011 2:20am
YEAH!!! 50 pips pour moi - just as i was about to close it i love those jammy little moves
  • #280,842
  • Jun 8, 2011 2:23am Jun 8, 2011 2:23am
"Moody’s Senior Analyst: UK Could Lose AAA Rating – MNI"

http://www.forexlive.com/blog/2011/0...aa-rating-mni/

Not so good for my Longs.
  • #280,843
  • Jun 8, 2011 2:25am Jun 8, 2011 2:25am
oh shit, 50 pips down for what ????
  • #280,844
  • Jun 8, 2011 2:26am Jun 8, 2011 2:26am
Quoting _BBKing_
hello all
. my only luck is my trades on eur jpy going good.....
I wondered where you were yesterday? Don't give up and trade carefully.

This morning Moody's say UK could lose its AAA rating. I think that is why we have this hard fall.
Gone to a better place
  • #280,845
  • Jun 8, 2011 2:26am Jun 8, 2011 2:26am
Didn't break yesterday 4h resistance at 1.6447 - 1.6450 so I went short on that...+ 80

.. possible downgrading UK's rating also helped..cheers
  • #280,846
  • Jun 8, 2011 2:27am Jun 8, 2011 2:27am
Quoting FxSignals
oh shit, 50 pips down for what ????
is this supposed to be you whining? or are you genuinely confused?
  • #280,847
  • Jun 8, 2011 2:31am Jun 8, 2011 2:31am
GU down down sharp. demmit. passed 1.6363. ahahahah lose 60 pips. in split second. I shld not blink!
  • #280,848
  • Jun 8, 2011 2:32am Jun 8, 2011 2:32am
Quoting smikester
I wondered where you were yesterday? Don't give up and trade carefully.

This morning Moody's say UK could lose its AAA rating. I think that is why we have this hard fall.

hello mate, yes i was focusing on my eur jpy setups.
now i was near to go short gbpusd 6410 but felt too much fast (re-quotes...)
anyway all good here but i will go careful now on my trades
90% of traders use TA, indicators and prediction
  • #280,849
  • Jun 8, 2011 2:34am Jun 8, 2011 2:34am
Quoting stfu
GU down down sharp. demmit. passed 1.6363. ahahahah lose 60 pips. in split second. I shld not blink!
just one of those fluke moves i guess, looking at the support it may well come back up - unless its an institutional swing in which case were going to see this bad boy tumble - keep an eye on vol & momentum for clues.

Closed 6433 short to 6357 > cheecky 76 pips to start the day
  • #280,850
  • Jun 8, 2011 2:35am Jun 8, 2011 2:35am
Quoting Walker93
Unlucky brother - the cable is a bitch if your not on your A-Game atm, i think we're going to get a meaningful move soon - should dictate my trade sentiment.

Just concentrate on your eurodollar if your doing well on that? don't throw good money after bad though trying to second guess the GU...I think if people have positions on before our break then the men will be sorted form the boys - When in doubt, sit it out dude
yes when in doubt better sit out!!
for a while until i see good setup.
this move from 6420 has been very good, i didnt get it for a few pips...
now, as i said before i wait for gbp usd to breake levels today and give some good entry in new levels.
90% of traders use TA, indicators and prediction
  • #280,851
  • Jun 8, 2011 2:36am Jun 8, 2011 2:36am
That Daily Forex analysis does not look too bad. It's a very tidy head and shoulders forming on the daily. It has to be for me to comment on it...
Gone to a better place
  • #280,852
  • Jun 8, 2011 2:37am Jun 8, 2011 2:37am
is it the forex market still in rating agencies' hands?
90% of traders use TA, indicators and prediction
  • #280,853
  • Jun 8, 2011 2:38am Jun 8, 2011 2:38am
Quoting smikester
That Daily Forex analysis does not look too bad. It's a very tidy head and shoulders forming on the daily. It has to be for me to comment on it...

heads n shoulder on daily?!?
where?
90% of traders use TA, indicators and prediction
  • #280,854
  • Jun 8, 2011 2:43am Jun 8, 2011 2:43am
This is it:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd110608d1.gif Size: 29 KB
Gone to a better place
  • #280,855
  • Jun 8, 2011 2:45am Jun 8, 2011 2:45am
Im getting more and more bearish the more i look at my charts...not going to rush it though - anyone got positions or stop orders on?
  • #280,856
  • Jun 8, 2011 2:46am Jun 8, 2011 2:46am
took 15 on the second bounce off the LTL 4h.
Am flat now, as I see EU retracing towards Monthly pivot after testing 4700 again and I am not sure how PA on Cable will act out given the correlation with EU here. Better wait and see if the 4h trendline holds with confirmation before entering a longer term Long on Cable I guess.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 4h.jpg Size: 125 KB
  • #280,857
  • Jun 8, 2011 2:49am Jun 8, 2011 2:49am
on daily chart i see this strong bearish flag
a breake below and we crash to 62-61 area again
Attached Image (click to enlarge)
Click to Enlarge Name: gusdd1.gif Size: 28 KB
90% of traders use TA, indicators and prediction
  • #280,858
  • Jun 8, 2011 2:51am Jun 8, 2011 2:51am
morning folks...DONT panic about cable, its just stuck in a range at the moment between 1.6350-450. FUNDAMENTALLY has anything changed? NO...the US economy hasnt improved, so no dollar strength, and the chances of QE2 in britain unlikely as we got no money, chance of interest rise more likely what with inflation and housing market, an interest rate rise isnt going to have that much effect, due to the fact no-one is selling anyway, a 0.25% increase wont cause that much effect right now, so im bullish on cable till JUNE end, then when USA QE2 ends and either something will happen for risk to be off the market and then cable will drop
  • #280,859
  • Jun 8, 2011 2:52am Jun 8, 2011 2:52am
the same thing seen on h4 looks a bit different
Attached Image (click to enlarge)
Click to Enlarge Name: gusdh4.gif Size: 31 KB
90% of traders use TA, indicators and prediction
  • #280,860
  • Jun 8, 2011 2:53am Jun 8, 2011 2:53am
Quoting zodiak
Didn't break yesterday 4h resistance at 1.6447 - 1.6450 so I went short on that...+ 80

.. possible downgrading UK's rating also helped..cheers
...just one of those moves if yo not in before the news...yo not in...because its not really a plunge so to say...gud on you mate!!
Guard your pips jelously
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