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Cable Update (GBPUSD)

  • #286,501
  • Aug 17, 2011 6:00am Aug 17, 2011 6:00am
Quoting iqyu5an
totally agree

big picture
now looking at monthly..what yah think will happen looking at my chart???

1.71 is on (this aint a trade call by the way..yur responsible)

first obstacle is 1.67 (big problem)
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  • #286,502
  • Aug 17, 2011 6:06am Aug 17, 2011 6:06am
Quoting nAVIN2007
big picture
now looking at monthly..what yah think will happen looking at my chart???

1.71 is on (this aint a trade call by the way..yur responsible)

first obstacle is 1.67 (big problem)

Liking it.

Always wondered why the hell I paid so much for the pound when I had to pay for school around this time.
  • #286,503
  • Aug 17, 2011 6:10am Aug 17, 2011 6:10am
yeah... master navin gave the clue ...

just closed at 6460 since 6360....and still one position open
rgds..

***
monthly : http://www.forexfactory.com/attachme...6&d=1313561097

Quoting nAVIN2007
big picture
now looking at monthly..what yah think will happen looking at my chart???

1.71 is on (this aint a trade call by the way..yur responsible)

first obstacle is 1.67 (big problem)
Attached Image (click to enlarge)
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not euphoria follower
  • #286,504
  • Aug 17, 2011 6:12am Aug 17, 2011 6:12am
Quoting fork-forex
Liking it.

Always wondered why the hell I paid so much for the pound when I had to pay for school around this time.

we got a taste of what she can do yesterday..she about to break wind, best cover up!!!

nito is coming
  • #286,505
  • Aug 17, 2011 6:14am Aug 17, 2011 6:14am
Yeah possibly.

I'm going to buy some pounds from the bank and sell it back to those school kids.

I will play broker for a turn.
  • #286,506
  • Aug 17, 2011 6:15am Aug 17, 2011 6:15am
Quoting iqyu5an
yeah... master navin gave the clue ...

just closed at 6460 since 6360....and still one position open
rgds..

***
monthly : http://www.forexfactory.com/attachme...6&d=1313561097
less of the "master" plz bro..my head is already big, dont need inflating
ahhhhhh shucks!!! was just lucky brother

it can still go down as well..nobody knows, can just trade yur scenero


9:30am GBP MPC Meeting Minutes
0-0-9 (new figure)
2-0-7
2-0-7

what does this actually mean? any1
  • #286,507
  • Aug 17, 2011 6:23am Aug 17, 2011 6:23am
The breakdown of the MPC members' interest rate votes tends to be the most important part of the minutes. The vote is reported in an 'X-X-X' format - the first number is how many voted to increase rates, the second number is how many voted for a rate reduction, and the third is how many voted to hold rates;

0 0 9
means that 0 votes for increase the rate, 0 for decrease, and 9 for keep the same.

they had forecast that 2 would vote for increasing the rate
  • #286,508
  • Aug 17, 2011 6:29am Aug 17, 2011 6:29am
i learn from u a lot bro.......really

4H candle wanna break last week high ?
Quoting nAVIN2007
less of the "master" plz bro..my head is already big, dont need inflating
ahhhhhh shucks!!! was just lucky brother

it can still go down as well..nobody knows, can just trade yur scenero


9:30am GBP MPC Meeting Minutes
0-0-9 (new figure)
2-0-7
2-0-7

what does this actually mean? any1
Attached Image (click to enlarge)
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not euphoria follower
  • #286,509
  • Aug 17, 2011 6:31am Aug 17, 2011 6:31am
Quoting nAVIN2007


9:30am GBP MPC Meeting Minutes
0-0-9 (new figure)
2-0-7
2-0-7

what does this actually mean? any1
means all 9 of the MPC members believe interest rates should be unchanged.

previously 2 thought it should be increased-7 unchanged.


How does this affect things? Shouldnt at all. Based on kings statements few days ago. They know the rates were going to be left alone.
  • #286,510
  • Aug 17, 2011 6:39am Aug 17, 2011 6:39am
Quoting fork-forex
means all 9 of the MPC members believe interest rates should be unchanged.

previously 2 thought it should be increased-7 unchanged.


How does this affect things? Shouldnt at all. Based on kings statements few days ago. They know the rates were going to be left alone.
thank u..i also agree that interest rate should be unchanged, mortgage payment would then be increased and we definately be in trouble as inflation is rising..housing crisis would happen

they doing a good job!!

what does the middle number mean then?

edit:- thanks i didnt know FF actually explains it all..thank u
  • #286,511
  • Aug 17, 2011 6:45am Aug 17, 2011 6:45am
Quoting iqyu5an
i learn from u a lot bro.......really

4H candle wanna break last week high ?

im glad..tony (bones used to post a lot in here) i learned so much from him..i glad u can find something to gain from
  • #286,512
  • Aug 17, 2011 6:50am Aug 17, 2011 6:50am
Quoting fork-forex
No problems at all. I'm really liking this thread for mainly the reasons of activity between you guys especially BBKing and navin and couple of others.

Spotted the congestion a while back. I love to see charts with it actually. One day up next day down next day up. It looks like nonsense on the shorter TF's but on the longer term it usually means that market gearing up to make another move.

The key thing about holding trades longer is all about scaling imo, is as you approach resistance for longs and support for shorts you really want to be...
thks
90% of traders use TA, indicators and prediction
  • #286,513
  • Aug 17, 2011 6:51am Aug 17, 2011 6:51am
im still on charts...
im unable to leave...
90% of traders use TA, indicators and prediction
  • #286,514
  • Aug 17, 2011 6:53am Aug 17, 2011 6:53am
will i have the possibility to get it again?
6490 while writing
6470 eated.....
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90% of traders use TA, indicators and prediction
  • #286,515
  • Aug 17, 2011 6:57am Aug 17, 2011 6:57am
m5 scan
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90% of traders use TA, indicators and prediction
  • #286,516
  • Aug 17, 2011 7:00am Aug 17, 2011 7:00am
US sessions so far been selling Dollar- Not sure how keen they will be to still sell it today. Might look for the short if I can get a reversal candle- will only be a scalp.
  • #286,517
  • Aug 17, 2011 7:02am Aug 17, 2011 7:02am
broke last week high...

blue box : 130 pips (+/-)

once high is broken.....statistically we could go up around ( at least ) 50% of 130 = 65 pips...

but it's statistic...fx is statistic ?........ahhh i dunno...time will tell


Quoting iqyu5an
i learn from u a lot bro.......really

4H candle wanna break last week high ?
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not euphoria follower
  • #286,518
  • Aug 17, 2011 7:05am Aug 17, 2011 7:05am
Quoting iqyu5an
broke last week high...

blue box : 130 pips (+/-)

once high is broken.....statistically we could go up around ( at least ) 50% of 130 = 65 pips...

but it's statistic...fx is statistic ?........ahhh i dunno...time will tell

1.64 wave to it
  • #286,519
  • Aug 17, 2011 7:07am Aug 17, 2011 7:07am
Haven't traded GU in awhile and i see i am a bit rusty on it. left a few pips up there. +44

Cheers
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  • #286,520
  • Aug 17, 2011 7:10am Aug 17, 2011 7:10am
Quoting nAVIN2007
1.64 wave to it
not euphoria follower
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