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Cable Update (GBPUSD)

  • #292,561
  • Nov 15, 2011 4:12am Nov 15, 2011 4:12am
Quoting PoundTrader
im long at 1.5837
Me too
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  • #292,562
  • Nov 15, 2011 4:13am Nov 15, 2011 4:13am
I've send few minutes ago! First target 1.5700!
  • #292,563
  • Nov 15, 2011 4:20am Nov 15, 2011 4:20am
Quoting Hazarder
Me too
i double up, close half at 1.5871, gonna let the other half run.
  • #292,564
  • Nov 15, 2011 4:20am Nov 15, 2011 4:20am
Quoting PoundTrader
im long at 1.5837
me short @5860...
Money is made by sitting, not trading. Jesse L. Livermore
  • #292,565
  • Nov 15, 2011 4:21am Nov 15, 2011 4:21am
ok need some rest be back later, hope all made some pips
  • #292,566
  • Nov 15, 2011 4:22am Nov 15, 2011 4:22am
Quoting PoundTrader
i double up, close half at 1.5871, gonna let the other half run.
Stop do that!!!
  • #292,567
  • Nov 15, 2011 4:24am Nov 15, 2011 4:24am
Quoting assamusic
Stop do that!!!
yep, now back in the green, altho i got out before stop get hit but still took a minor loss
  • #292,568
  • Nov 15, 2011 4:26am Nov 15, 2011 4:26am
what about the coming news >> BOE Inflation Letter

after 4 min , any thoughts ?
  • #292,569
  • Nov 15, 2011 4:40am Nov 15, 2011 4:40am
Quoting PoundTrader
yep, now back in the green, altho i got out before stop get hit but still took a minor loss
Ok! That's right way! As I think, of course...
  • #292,570
  • Nov 15, 2011 4:40am Nov 15, 2011 4:40am
Quoting roreki
5870 would be so nice

Looks like you were right.

Regards,

Josef
  • #292,571
  • Nov 15, 2011 4:42am Nov 15, 2011 4:42am
Quoting roreki
what about the coming news >> BOE Inflation Letter

after 4 min , any thoughts ?
It's difficult to say... There can be an any reaction!
  • #292,572
  • Nov 15, 2011 5:12am Nov 15, 2011 5:12am
going short at 1.5886 if it gets up there
  • #292,573
  • Nov 15, 2011 5:27am Nov 15, 2011 5:27am
euro keep going down against the dollar and GBP still holding ! hmmm weird
  • #292,574
  • Nov 15, 2011 5:28am Nov 15, 2011 5:28am
Mervyn King reckons (or should I say Sir Mervyn King) that inflation will fall sharply. this is cable negative. Add to this increased "quantitative easing" for the UK - also cable negative.

Anyone out there who's not short should be flat.

Also, Geppy, whilst I admire your powers of observation - regarding the H4 bar not closed on my chart - I am not your "mom", and I doubt if you will find her here on Forex Factory. The chart covers 2 months of trading movement and Geppy, we on Forex Factory are looking forward to seeing a chart posted by you...
Gone to a better place
  • #292,575
  • Nov 15, 2011 5:39am Nov 15, 2011 5:39am
Quoting smikester
Attachment
hello
1.59 possible now as resistance area.
what i notice is also this possible 'sit down' at those previous peaks.

today's move penetrated them all going 5825 but actually i have no h1 candle closing below 5850

i now wait to see this daily candle closing price before any further convinction.
my opinion is a move into 57 during this week.
only opinion for the moment
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90% of traders use TA, indicators and prediction
  • #292,576
  • Nov 15, 2011 5:43am Nov 15, 2011 5:43am
Quoting roreki
euro keep going down against the dollar and GBP still holding ! hmmm weird

gbp simply stronger than euro....
90% of traders use TA, indicators and prediction
  • #292,577
  • Nov 15, 2011 5:48am Nov 15, 2011 5:48am
Quoting roreki
euro keep going down against the dollar and GBP still holding ! hmmm weird
Some people still believe pound is the nearest safe haven in europe.
  • #292,578
  • Nov 15, 2011 5:52am Nov 15, 2011 5:52am
Quoting _BBKing_
my opinion is a move into 57 during this week.
only opinion for the moment
Possible. Looking at your chart there is considerable support nearby and December 09 and November 10 back this up. 1.5870 crops up again and again.
Gone to a better place
  • #292,579
  • Nov 15, 2011 5:57am Nov 15, 2011 5:57am
Quoting gsantri
Some people still believe pound is the nearest safe haven in europe.
Inserted Video
Gone to a better place
  • #292,580
  • Nov 15, 2011 6:41am Nov 15, 2011 6:41am
Quoting smikester
http://www.youtube.com/watch?v=Uu_7gVP7ukY

No wonder, they came from the countries with five thousand princes.

So, its safe there in London eh..

Think I better call Nicolas 'Randall Memphis Raines' Cage now.. and the supercars 'gone in sixty seconds lol..
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