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Cable Update (GBPUSD)

  • #286,661
  • Aug 18, 2011 1:58am Aug 18, 2011 1:58am
Quoting nAVIN2007
this is what im having a hard time with..if it was ever gonna breakout to the top side..the time would be good now

morning folks

if any1 is wondering what that chart is..its great british pound strength index
(an indicator for pound strength..just incase)

morning star type formation developing perhaps
Yeah nAV bro, TL is there, still the expanding triangle and the PA arriving from the bott does hint resolution to the upside, which means 6660-6740 targets should be reached soon. I'm only looking for longs, with that kind of PA structure shorts are only good for scalping. The mean as H4 green candles point to the momentum buildup as well, and it's not exhausted just yet.
  • #286,662
  • Aug 18, 2011 2:04am Aug 18, 2011 2:04am
Quoting ruffryders
Yeah nAV bro, TL is there, still the expanding triangle and the PA arriving from the bott does hint resolution to the upside, which means 6660-6740 targets should be reached soon. I'm only looking for longs, with that kind of PA structure shorts are only good for scalping. The mean as H4 green candles point to the momentum buildup as well, and it's not exhausted just yet.

I agree..what is good is normaly usd increase would crush the pair but gbp strength is keeping it up
im thinking same as u..unless dailly trendline goes i cant see short yet..lets see how it plays out
  • #286,663
  • Aug 18, 2011 2:06am Aug 18, 2011 2:06am
the girl at the coffee bar here near is the most beatiful girl i have ever seen. red hair and blue eyes.....


what is this?!
uh oh...
ah! its mt4 running...
90% of traders use TA, indicators and prediction
  • #286,664
  • Aug 18, 2011 2:08am Aug 18, 2011 2:08am
Quoting at2au
Good morning and welcome to the BB KING Thread GBP-USD.
Happy Trading today and a lot of pips.
Short from 6575.TP 6415
BonJorno amigo

morning
or... evening!

TP 6415?
could be a dump ride.
im waitin 6470 test first. could also never happen until september....
90% of traders use TA, indicators and prediction
  • #286,665
  • Aug 18, 2011 2:11am Aug 18, 2011 2:11am
I figure it's charging up for that combo move.

http://www.pualingo.com/wp-content/u...imbus-SSJ3.jpg
  • #286,666
  • Aug 18, 2011 2:15am Aug 18, 2011 2:15am
still bouncing against that
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.gif Size: 26 KB
90% of traders use TA, indicators and prediction
  • #286,667
  • Aug 18, 2011 2:16am Aug 18, 2011 2:16am
Quoting ruffryders
I figure it's charging up for that combo move.
90% of traders use TA, indicators and prediction
  • #286,668
  • Aug 18, 2011 2:23am Aug 18, 2011 2:23am
This pair is getting ready to move upwards, 4h chart, stochRSI is low.
  • #286,669
  • Aug 18, 2011 2:30am Aug 18, 2011 2:30am
Quoting GDR3k
This pair is getting ready to move upwards, 4h chart, stochRSI is low.
imo that SOB EU is looking good as well
  • #286,670
  • Aug 18, 2011 2:31am Aug 18, 2011 2:31am
My broker has a report that yesterdays post 'bad UK' upswing was due to a bank buying x billion GBP (for a takeover ?!?) blah and that the expectation is for the GBP to react back to the fundamentals. Anyone caught any of this ? I cant see it scrolling back in my history (screen only shows last 4-5 hours of news).
  • #286,671
  • Aug 18, 2011 2:35am Aug 18, 2011 2:35am
SOB?
  • #286,672
  • Aug 18, 2011 2:35am Aug 18, 2011 2:35am
after london open...

final ? time will tell .....

Quoting iqyu5an
before london open....

after london open ? let see
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 32 KB
not euphoria follower
  • #286,673
  • Aug 18, 2011 2:40am Aug 18, 2011 2:40am
possible bear flag.
if breake down will get 6480 then bounce here again.

above is same near 6550
Attached Image (click to enlarge)
Click to Enlarge Name: gum30.gif Size: 28 KB
90% of traders use TA, indicators and prediction
  • #286,674
  • Aug 18, 2011 2:41am Aug 18, 2011 2:41am
Quoting _BBKing_
possible bear flag.
if breake down will get 6480 then bounce here again.

above is same near 6550
that buy is a 0,1 lots
dont worry!!
90% of traders use TA, indicators and prediction
  • #286,675
  • Aug 18, 2011 2:47am Aug 18, 2011 2:47am
Quoting Jeheil
My broker has a report that yesterdays post 'bad UK' upswing was due to a bank buying x billion GBP (for a takeover ?!?) blah and that the expectation is for the GBP to react back to the fundamentals. Anyone caught any of this ? I cant see it scrolling back in my history (screen only shows last 4-5 hours of news).

it makes no diffference..that is just a variable
tell yur broker he is talking sh*t

does he even know what it takes to move the market like it did yesterday..??

if we discount everything ud never be able to place a trade..anyways, when it is sell time sell buy time buy..no need to know why just do it!!
  • #286,676
  • Aug 18, 2011 2:50am Aug 18, 2011 2:50am
Quoting nAVIN2007
it makes no diffference..that is just a variable
tell yur broker he is talking sh*t

if we discount everything ud never be able to place a trade..
great said!!!
90% of traders use TA, indicators and prediction
  • #286,677
  • Aug 18, 2011 2:55am Aug 18, 2011 2:55am
Quoting _BBKing_
great said!!!

I was just asking if anyone else had caught the story, not saying if you shoyuld buy or sell or if its bull or bearish....just wanting to know if there is news out there.
  • #286,678
  • Aug 18, 2011 3:00am Aug 18, 2011 3:00am
Just got in...

Darn... it didnt hit my pending buy at 6470. It would have been nice...
  • #286,679
  • Aug 18, 2011 3:02am Aug 18, 2011 3:02am
Quoting Jeheil
I was just asking if anyone else had caught the story, not saying if you shoyuld buy or sell or if its bull or bearish....just wanting to know if there is news out there.

we know buddy..the comment is aimed at all..just a reminder bud, dont take it personal..brokers love to make stories, it makes them seem like they know things.. all they interested in is yur account..

brokers have been known to trade the opposite of yur trades if u prove to have bad equity curve (u lose they win!!)

another indicator
  • #286,680
  • Aug 18, 2011 3:06am Aug 18, 2011 3:06am
this thing is moving too much up n down.
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