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Cable Update (GBPUSD)

  • #286,241
  • Aug 14, 2011 4:56pm Aug 14, 2011 4:56pm
lbo? You don't mean london open?
  • #286,242
  • Aug 14, 2011 4:57pm Aug 14, 2011 4:57pm
yeah that's exactly london business open. very low volumes offered @ ECN, normal volumes are 70-100, currently it's 2-3 mln.
  • #286,243
  • Aug 14, 2011 5:06pm Aug 14, 2011 5:06pm
london business open... ok, I have been under the impression 3am EDT, is london market open maybe..

I am short and if the gu goes down 5 pips my spread gets 5 pips larger and when it moves up 10pips my spread gets 10 pips smaller...
  • #286,244
  • Aug 14, 2011 5:08pm Aug 14, 2011 5:08pm
Quoting poca
london business open... ok, I have been under the impression 3am EDT, is london market open maybe..

I am short and if the gu goes down 5 pips my spread gets 5 pips larger and when it moves up 10pips my spread gets 10 pips smaller...
typical...
90% of traders use TA, indicators and prediction
  • #286,245
  • Aug 14, 2011 6:13pm Aug 14, 2011 6:13pm
i see nothing good to do.. possible a short but i was waitin higher than 6280 maybe into 6320-30

still not happening
i go to bed!

i hope to see some moves during european session...
90% of traders use TA, indicators and prediction
  • #286,246
  • Aug 14, 2011 6:23pm Aug 14, 2011 6:23pm
Quoting _BBKing_
i see nothing good to do.. possible a short but i was waitin higher than 6280 maybe into 6320-30

still not happening
i go to bed!

i hope to see some moves during european session...
Bonna Bonna Note
  • #286,247
  • Aug 14, 2011 6:56pm Aug 14, 2011 6:56pm
(Reuters) - The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.

more bla bla bla at :http://www.reuters.com/article/2011/...77D0V620110814
not euphoria follower
  • #286,248
  • Aug 14, 2011 7:44pm Aug 14, 2011 7:44pm
Hi friends, is this time for bullish? or still bearish trend....i look at weekly still able to go to 1.6000 area...please share
"sharing knowledge make us more rich"
  • #286,249
  • Aug 14, 2011 7:47pm Aug 14, 2011 7:47pm
Quoting rullyforex
Hi friends, is this time for bullish? or still bearish trend....i look at weekly still able to go to 1.6000 area...please share
May look for this level http://www.forexfactory.com/showthre...84#post4869084
  • #286,250
  • Aug 14, 2011 8:52pm Aug 14, 2011 8:52pm
Attached
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 41 KB
  • #286,251
  • Aug 14, 2011 11:38pm Aug 14, 2011 11:38pm
Bearish Pinbar formed at 4hr chart. This can be use for SL for the bear.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-breakout-4hr.gif Size: 27 KB
  • #286,252
  • Aug 15, 2011 1:17am Aug 15, 2011 1:17am
Morning. New trading week for me.

Next few hours will be great for scalping.

Josef
  • #286,253
  • Aug 15, 2011 1:58am Aug 15, 2011 1:58am
Quoting erelation
Bearish Pinbar formed at 4hr chart. This can be use for SL for the bear.

nice setup. Looking at 6204
Keep the Lights on then you can catch the rise from the dark.
  • #286,254
  • Aug 15, 2011 2:22am Aug 15, 2011 2:22am
Or maybe even 1.6123. but i will adjust my SL accordingly incase this 2nd target is too far off.
  • #286,255
  • Aug 15, 2011 2:36am Aug 15, 2011 2:36am
i think it's all valid points, however london prolly will do a V shape recovery before a down move is initiated.
  • #286,256
  • Aug 15, 2011 2:40am Aug 15, 2011 2:40am
Closed my short from Friday with 15 pips- hardly worth the effort. Thought cable would be quiet with swissy getting a pounding. But today looks like a very quiet ranging day for cable. Just waiting for another sell setup nearer 1.63
  • #286,257
  • Aug 15, 2011 2:48am Aug 15, 2011 2:48am
Quoting Flatfish
Closed my short from Friday with 15 pips- hardly worth the effort. Thought cable would be quiet with swissy getting a pounding. But today looks like a very quiet ranging day for cable. Just waiting for another sell setup nearer 1.63
I have that very same trade setup in mind as well; but only if the cable hits the low of 1.6123 and rise all the way back to that level you have pointed out(1.63).
  • #286,258
  • Aug 15, 2011 2:56am Aug 15, 2011 2:56am
Quoting ruffryders
i think it's all valid points, however london prolly will do a V shape recovery before a down move is initiated.

do you have that chart
Keep the Lights on then you can catch the rise from the dark.
  • #286,259
  • Aug 15, 2011 3:06am Aug 15, 2011 3:06am
good morning....
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 32 KB
90% of traders use TA, indicators and prediction
  • #286,260
  • Aug 15, 2011 3:06am Aug 15, 2011 3:06am
http://img69.imageshack.us/img69/5307/vshapesgu5min.png

sure thing, here's the M5. London frequently does that V shape upon opening.
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