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Cable Update (GBPUSD)

  • #297,021
  • Jan 7, 2012 3:46pm Jan 7, 2012 3:46pm
Quoting _BBKing_
this is exactly the kind of post that should be banned from a forum.
there is no sense in what you are saying, there is no reasoning, there is nothing technical which could ACTUALLY support your theory and also fundamental, since you can't know what price market will open tomorrow, you cant know what will happen monday and you cant even know what will happen in stock markets, market sentiment and every fukking thing which moves this fukkin crazy market.
if you are able to predict the future, then why you posted this bullshit knowing that i would...

hes prob short and wants others to long
  • #297,022
  • Jan 7, 2012 4:07pm Jan 7, 2012 4:07pm
Ok, I see what you mean nAV.
You got some big, round hairy Kahunas (cohones) my friend.
ema's hint that we could be monthly consolidating for a looooong time.
I'm a day/swing trader so don't really give a toss.
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  • #297,023
  • Jan 7, 2012 4:08pm Jan 7, 2012 4:08pm
this is the kind of scenario where i really won't be surprised to see 2 things happening:

1. a re test of 5360 line since it happened friday before market closing so possible it was typical profit taking bottoming channel and near demand area.
2. a re test of 5450 but IMO looks like price will probably move down before up since the 5470 breaking at nfp is very clear.

these are both 2 strong levels where we will be able to pick some good pips.

below 5360 must be careful since whole 5350 - 5180 area can act as strong daily+weekly demand. posted and re posted by a lot of people.
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  • #297,024
  • Jan 7, 2012 4:16pm Jan 7, 2012 4:16pm
Quoting sidhujag
hes prob short and wants others to long
i will wait him to answer... im very curious about.
90% of traders use TA, indicators and prediction
  • #297,025
  • Jan 7, 2012 6:04pm Jan 7, 2012 6:04pm
Quoting rasula
gbp/usd has reached its lowest and bounced of t 1.5370 area lookin for reteracement to 1.5510 on monday newyork hours if u aint on a long i'd be worried ur money iz gone
System is hinting at a retrace but will know more on Monday. Rediculous statement to say if you ain't long your money iz gone though.
Come with me if you want to live....
  • #297,026
  • Jan 7, 2012 6:50pm Jan 7, 2012 6:50pm

Good Evening Fellow Traders.....

I have not been super active this past week as I took the family up north for a week of skiiing........however I have been following price action. I posted a chart the other night - a daily chart for the pound. I will re post it now and also I am posting a Futures chart for the Pound. I only trade futures but I use the cash price as reference for my trades. My daily GBP chart is very self explanatory.....the second chart is the pound futures chart (front month) and as you can see all gaps were filled on Friday....Stochs are in an uptrend and so is Macd.....So with the Gaps filled - stochs and macd positive USD is ready for a pullback.....great numbers coming out of the USA on Friday and the dollar went up.....just to suck in a few more longs. I am tired here after a day of skiing.....so check out the charts and make a comment if you wish.

Cheers,

Faller

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I don't trust any move - when you have profit...take it.
  • #297,027
  • Jan 7, 2012 7:57pm Jan 7, 2012 7:57pm
Daily chart. Momentum studies falling and the recent pattern here is quite clear if we take out last weeks low. I traded pretty much neutral on cable recently, but struggling to see any tech reason to buy.
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  • #297,028
  • Jan 8, 2012 1:02am Jan 8, 2012 1:02am
We haven't gotten the Monthly LTL touch yet, but the levels played out nicely otherwise.

http://www.forexfactory.com/showthre...78#post5270578
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  • #297,029
  • Jan 8, 2012 1:33am Jan 8, 2012 1:33am
EU/GU are all near their Monthly Ascending Support TLs. If this critical support goes, then we are in a down trend. So far that hasn't happened, all pairs are inside the consolidation zone. USDX is near critical resistance as well.

Global growth projections are fairly dismal. They're currently estimated to come in around 4%. This would indicate a global recession through 2012. How much has been priced in comparatively on a weighted average across the USD, Sterling, and Euro remains to be seen, but conventional wisdom suggest we should see more downside.

In the meantime, this coming week we should have increased liquidity, so we'll get to see if last week's moves were positioning for more sideways chop in the consolidation range with a bounce up, or a real break out on these 3 pairs.


Good luck with your trades.
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  • #297,030
  • Jan 8, 2012 2:40am Jan 8, 2012 2:40am
Quoting PoundTrader
i agree, where in a trending market
And a chart?
Come with me if you want to live....
  • #297,031
  • Jan 8, 2012 3:19am Jan 8, 2012 3:19am
Quoting Ill-b-back
Ok, I see what you mean nAV.
You got some big, round hairy Kahunas (cohones) my friend.
ema's hint that we could be monthly consolidating for a looooong time.
I'm a day/swing trader so don't really give a toss.
yeah that is pretty much it!!
  • #297,032
  • Jan 8, 2012 3:28am Jan 8, 2012 3:28am
Quoting nAVIN2007
yeah that is pretty much it!!
Hey dude, just reading over my quoted post. I meant I don't give a toss about what looks like a broad monthly range consolidating market coming up after the wild GFC swing. I actually really hope you meet your target(s). My bluntness can be misunderstood.
Come with me if you want to live....
  • #297,033
  • Jan 8, 2012 3:29am Jan 8, 2012 3:29am
Quoting Ill-b-back
Hey dude, just reading over my quoted post. I meant I don't give a toss about what looks like a broad monthly range consolidating market coming up after the wild GFC swing. I actually really hope you meet your target(s). My bluntness can be misunderstood.
If we get to your target, I'll make some money buying dips that's for sure...
Come with me if you want to live....
  • #297,034
  • Jan 8, 2012 4:17am Jan 8, 2012 4:17am
Quoting Ill-b-back
Hey dude, just reading over my quoted post. I meant I don't give a toss about what looks like a broad monthly range consolidating market coming up after the wild GFC swing. I actually really hope you meet your target(s). My bluntness can be misunderstood.

no worries bro..i didnt read it like an insult..dont worry
im good bro..sticking to plan..looks like u dont agree with it thou..i get this feeling..haha
i sense u think it perhaps wrong?

time does bother when u dont have emotions..i couldnt careless so long as it goes where i need to go..well with reason anyway (like my life time)
  • #297,035
  • Jan 8, 2012 4:45am Jan 8, 2012 4:45am
Quoting Ill-b-back
And a chart?
dont look for a reason to hold on to a losing position. you need to think with a clear mind :nerd:
  • #297,036
  • Jan 8, 2012 5:51am Jan 8, 2012 5:51am
Quoting nAVIN2007
no worries bro..i didnt read it like an insult..dont worry
im good bro..sticking to plan..looks like u dont agree with it thou..i get this feeling..haha
i sense u think it perhaps wrong?

time does bother when u dont have emotions..i couldnt careless so long as it goes where i need to go..well with reason anyway (like my life time)
To be honest dude, mostly I don't trust my own analysis, I let my system do it for me. In fact, I really suck at it, so taking that into consideration, I think you have a much better than average chance dude. My system does not see that far ahead so can't project either way. I am emotionally driven (in case you haven't noticed) and they play tricks on me (and cost me money mostly) so forget my own ideas bro honestly, not just being hopeful for you. You're a good guy, rare in this game. All the best dude, just hoping for a news breakthrough to bust north through the monthly 200ema and 20sma
Come with me if you want to live....
  • #297,037
  • Jan 8, 2012 6:00am Jan 8, 2012 6:00am
Quoting PoundTrader
dont look for a reason to hold on to a losing position. you need to think with a clear mind :nerd:
Yeah I hear you dude, I had my limit in mind when saw lack of bullish action at 200ema and hate giving back pips only to see target reached. Funny enough, my TL system agreed with BBKing but was deceived by 4hr COG midline. Still thought we would reach the upper 4hr COG. Still getting used to that indi but prob drop it as not convinced of its integrity. Made a lot of money using it on the Aussie the other month while it was trending down well and prob gained too much confidence in it. Will stick with original indi as it always bites me on the butt when I ignore it. Cheers dude
Come with me if you want to live....
  • #297,038
  • Jan 8, 2012 6:15am Jan 8, 2012 6:15am
Quoting Fudomyo
EU/GU are all near their Monthly Ascending Support TLs. If this critical support goes, then we are in a down trend. So far that hasn't happened, all pairs are inside the consolidation zone. USDX is near critical resistance as well.

Global growth projections are fairly dismal. They're currently estimated to come in around 4%. This would indicate a global recession through 2012. How much has been priced in comparatively on a weighted average across the USD, Sterling, and Euro remains to be seen, but conventional wisdom suggest we...

very interesting usdx and AU chart!
thank you!
90% of traders use TA, indicators and prediction
  • #297,039
  • Jan 8, 2012 6:18am Jan 8, 2012 6:18am
Quoting PoundTrader
dont look for a reason to hold on to a losing position. you need to think with a clear mind :nerd:
Was seriously considering starting a Pirate thread where I could trade with an open mind and be as expressive as I wanted, but I am quite sure the ensuring full on addiction would have cost me my marriage to be honest
Come with me if you want to live....
  • #297,040
  • Jan 8, 2012 6:24am Jan 8, 2012 6:24am
Quoting Fudomyo
EU/GU are all near their Monthly Ascending Support TLs. If this critical support goes, then we are in a down trend. So far that hasn't happened, all pairs are inside the consolidation zone. USDX is near critical resistance as well.

Global growth projections are fairly dismal. They're currently estimated to come in around 4%. This would indicate a global recession through 2012. How much has been priced in comparatively on a weighted average across the USD, Sterling, and Euro remains to be seen, but conventional wisdom suggest we...
Hi buddy ,

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