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Cable Update (GBPUSD)

  • #290,101
  • Oct 6, 2011 2:12am Oct 6, 2011 2:12am
4H
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not euphoria follower
  • #290,102
  • Oct 6, 2011 2:17am Oct 6, 2011 2:17am
Quoting A-speculator
lol.. relax.. it got minor resistance @ 5440.. once that breach, 5500 will be the next target.. imho..
Hehe, I am not on any rush, just joking.
As you say we could see 5500 tn but I favor downside after the news.

Let's see as always!
"It's not about the pay check, it's about crushing the rebellion"
  • #290,103
  • Oct 6, 2011 2:23am Oct 6, 2011 2:23am
Quoting Mattz
Hehe, I am not on any rush, just joking.
As you say we could see 5500 tn but I favor downside after the news.

Let's see as always!
I think we will see more upside in the coming weeks.. btw, i'm more of a technical than fundamental. Currently, the technical (4h and daily) doesn't suggest downside.. just my 2 cents
  • #290,104
  • Oct 6, 2011 2:26am Oct 6, 2011 2:26am
Short after several doji at yesterday high ..but not sure what's the effect of rate news today (sl at be+1 )..Good Luck !!
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  • #290,105
  • Oct 6, 2011 2:33am Oct 6, 2011 2:33am
Quoting A-speculator
I think we will see more upside in the coming weeks.. btw, i'm more of a technical than fundamental. Currently, the technical (4h and daily) doesn't suggest downside.. just my 2 cents
I understand your view.

If you look at macro including equity index and udsx, there is no sigh of recovery. So I expect BOE decision to do more bond purchase witch will trigger GU down big way.

This is all... speculation and your view is as good as mine until price make is move.

Wish you the best.
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"It's not about the pay check, it's about crushing the rebellion"
  • #290,106
  • Oct 6, 2011 2:34am Oct 6, 2011 2:34am
Quoting A-speculator
I think we will see more upside in the coming weeks.. btw, i'm more of a technical than fundamental. Currently, the technical (4h and daily) doesn't suggest downside.. just my 2 cents
My opinion is the breakout of 5500 is the beginning of a major retracement back to about 5900 area... Hope we can see the daily confirms that today..
  • #290,107
  • Oct 6, 2011 2:35am Oct 6, 2011 2:35am
Quoting Mattz
I understand your view.

If you look at macro including equity index and udsx, there is no sigh of recovery. So I expect BOE decision to do more bond purchase witch will trigger GU down big way.

This is all... speculation and your view is as good as mine until price make is move.

Wish you the best.
I understand your bearishness of the cable, somehow I think we are due for major retracement before futher downside (if 5900 hold) .. it's just my 2 cents mate..
  • #290,108
  • Oct 6, 2011 3:07am Oct 6, 2011 3:07am
GBP/CAD at an interesting level - would suggest long scalping on any GBP pair before the big move down...(what do u guys use as file repository for uploading images/charts?)
  • #290,109
  • Oct 6, 2011 3:28am Oct 6, 2011 3:28am

Quoting iqyu5an
4H
not euphoria follower
  • #290,110
  • Oct 6, 2011 3:53am Oct 6, 2011 3:53am
Quoting iqyu5an
  • #290,111
  • Oct 6, 2011 3:57am Oct 6, 2011 3:57am
Quoting Mattz
Hehe, I am not on any rush, just joking.
As you say we could see 5500 tn but I favor downside after the news.

Let's see as always!
there you go 5500.. next, choppy trade b4 the breakout.. imho..
  • #290,112
  • Oct 6, 2011 4:02am Oct 6, 2011 4:02am
Quoting A-speculator
lol.. relax.. it got minor resistance @ 5440.. once that breach, 5500 will be the next target.. imho..
good call mate
  • #290,113
  • Oct 6, 2011 4:02am Oct 6, 2011 4:02am
Quoting andri66
Short after several doji at yesterday high ..but not sure what's the effect of rate news today (sl at be+1 )..Good Luck !!
Ouch..bull just charging and hit my short...well , if it hold till friday..time to long at dip next week..Good Luck !!
  • #290,114
  • Oct 6, 2011 4:13am Oct 6, 2011 4:13am
30 min . Been ranging here since Monday. Would normally prefer to try longs, but large money waiting to get in after news so will wait
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  • #290,115
  • Oct 6, 2011 4:27am Oct 6, 2011 4:27am
4H
explanation :http://www.forexfactory.com/showthre...79#post5016579
Quoting Flatfish
30 min . Been ranging here since Monday. Would normally prefer to try longs, but large money waiting to get in after news so will wait
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not euphoria follower
  • #290,116
  • Oct 6, 2011 4:58am Oct 6, 2011 4:58am
Quoting chazzle
good call mate
Nah.. its nothing mate, really.. purely technical..
  • #290,117
  • Oct 6, 2011 6:10am Oct 6, 2011 6:10am
Nice big drop after the news, I happen to have had a short in place and so am sitting on a nice windfall. Anyone else watching this and would you expect it to continue trending down for the rest of the day considering the increase in the APF or maybe it will fade a little?
  • #290,118
  • Oct 6, 2011 6:11am Oct 6, 2011 6:11am
Quoting A-speculator
there you go 5500.. next, choppy trade b4 the breakout.. imho..
1.5275
told ya.



Just made 220 pips in a second, not bad.
"It's not about the pay check, it's about crushing the rebellion"
  • #290,119
  • Oct 6, 2011 6:21am Oct 6, 2011 6:21am
Quoting Hugh Briss
Nice big drop after the news, I happen to have had a short in place and so am sitting on a nice windfall. Anyone else watching this and would you expect it to continue trending down for the rest of the day considering the increase in the APF or maybe it will fade a little?
I am looking to buy soon, I am waiting for confirmation!

Here is my weekly chart which is what I am basing my buy from - http://www.forexfactory.com/showthre...85#post5005085
  • #290,120
  • Oct 6, 2011 6:22am Oct 6, 2011 6:22am
im L 85 for scalp but ..suggest wait til see what Trichet has to say on EUR.
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