90% of traders use TA, indicators and prediction
Cable Update (GBPUSD)
- #284,141
- Jul 13, 2011 5:19am Jul 13, 2011 5:19am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Anybody knows if there's something fundamental supporting GBP bulls? Except the correlation - EU is in its default bubbles-in-soda mode again (no horror news for few hours).. but something pound-related? Maybe I have missed some rates gossip talk yesterday so sorry if this question is stupid and answer is obvious.. thanks.
still holding 5980 short
still holding 5980 short
MarginTrader All Time Return:
na
- #284,143
- Jul 13, 2011 5:27am Jul 13, 2011 5:27am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Anybody knows if there's something fundamental supporting GBP bulls? Except the correlation - EU is in its default bubbles-in-soda mode again (no horror news for few hours).. but something pound-related? Maybe I have missed some rates gossip talk yesterday so sorry if this question is stupid and answer is obvious.. thanks.
still holding 5980 short
Everything pointing to a drop after NY open and/or London close to me. Might see 5890 or even 5875 daily pivot later on.
Don't get mad, get even!
- #284,144
- Jul 13, 2011 5:32am Jul 13, 2011 5:32am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
Nothing really, BOE has rather a dovish stance and no rate hike is to be expected anytime soon. I assume there could be some sovereign buying taking place or bulls could be encouraged by demand on soft gbp/eur cross.
Everything pointing to a drop after NY open and/or London close to me. Might see 5890 or even 5875 daily pivot later on.
it also seems dips are bought but rallies sold as well.. looks like greedy bears aiming to sell the highest pip possible.bah
market is in a shit.
MarginTrader All Time Return:
na
- #284,147
- Jul 13, 2011 5:51am Jul 13, 2011 5:51am
- | Joined May 2010 | Status: Trader | 1,078 Posts
Anybody knows if there's something fundamental supporting GBP bulls? Except the correlation - EU is in its default bubbles-in-soda mode again (no horror news for few hours).. but something pound-related? Maybe I have missed some rates gossip talk yesterday so sorry if this question is stupid and answer is obvious.. thanks.
still holding 5980 short
also holding my short 1.5929
Once scalper always scalper 
- #284,149
- Jul 13, 2011 7:03am Jul 13, 2011 7:03am
- | Joined May 2010 | Status: Trader | 1,078 Posts
And you think this chart will work? No way brother 
add sell 1.5962
Good luck!
add sell 1.5962
Good luck!
Once scalper always scalper
- #284,150
- Jul 13, 2011 7:27am Jul 13, 2011 7:27am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
And you think this chart will work? No way brother
add sell 1.5962
Good luck!
long term view on GU is 1.73 and mid term in 1.1/2 months 1.6450-1.65
we have 2 options for now-up to 1.6055 and then down to min 1.5880 or for now we might head south to 1.5880-1.5817 and then back up
- #284,151
- Jul 13, 2011 7:33am Jul 13, 2011 7:33am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Anybody knows if there's something fundamental supporting GBP bulls? Except the correlation - EU is in its default bubbles-in-soda mode again (no horror news for few hours).. but something pound-related? Maybe I have missed some rates gossip talk yesterday so sorry if this question is stupid and answer is obvious.. thanks.
still holding 5980 short
EU should drop to 1.3970 first and later to 1.3875 but I would not take it as granted that GU will follow.
The same view as for the GU the long term for EU is 1.4450 even 1.46 in the next 1 month,max 1.1/2 months
)- #284,153
- Jul 13, 2011 8:12am Jul 13, 2011 8:12am
- | Joined May 2008 | Status: Ad Astra Per Aspera | 1,741 Posts
drop now or bounce first?
Verily, in every difficulties there is relief
