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Cable Update (GBPUSD)

  • #298,221
  • Jan 17, 2012 3:20am Jan 17, 2012 3:20am
Central bankers admit they look at charts- don't think that they don't time the announcements. Central banks only real effective weapon is jawboning the market- they speak market reacts, but can only happen if the market is heavily positioned one way. Anyway heard a rumour that something funky is brewing with the Swiss, so will see if anything appears.

Cable trading along the rising trendline, and broken above falling trendline. Possible retest of support/ false break and a continued rally. So will wait to see how support holds. Dollar index needs to form a base on 15 min so no hurry to try to short cable yet
Attached Image (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 125 KB
  • #298,222
  • Jan 17, 2012 3:24am Jan 17, 2012 3:24am
usdx still not confirmed up , stalled only , & other pairs also not break immediate limit at down but gu 5356 broken with more correction possible towards next limit 5335 only & will watch 5335 breaks or bounce above again .who knows , no more turmoils again ! carefull scalping & watching .
gbpchf pressure down intact . and first sign weakness comes from gbp then .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,223
  • Jan 17, 2012 3:24am Jan 17, 2012 3:24am
Quoting SerpentDove
How does corporations openly in collusion with government have anything to do with capitalism, read a history book, the west lives under fascism, not captialism. The whole point of capitalism is keep the damned politicians away from the market. Do you see anything like that happening anywhere on the planet?

And as if Communists and Socialists do not have to play along to get the cheese, and there is a whole lot more playing along for a lot less cheese with those ideologies
Way out of my league dude
Come with me if you want to live....
  • #298,224
  • Jan 17, 2012 3:25am Jan 17, 2012 3:25am
Either way, market moving news release in 5 min, you can see it live on the chars
Don't get mad, get even!
  • #298,225
  • Jan 17, 2012 3:25am Jan 17, 2012 3:25am
Quoting Ill-b-back
Way out of my league dude
Off to give a massage
Come with me if you want to live....
  • #298,226
  • Jan 17, 2012 3:28am Jan 17, 2012 3:28am
An after news BIG LONG DROP is still due in cable...I hope it wld happen today...
  • #298,227
  • Jan 17, 2012 3:29am Jan 17, 2012 3:29am
Quoting iqyu5an
bored situation at the moment .......

is it the situation ? if yes ....... OMG
WHAT U THINK WILL HAPPEN IF THAT TANKS?.. sorry for caps
  • #298,228
  • Jan 17, 2012 3:30am Jan 17, 2012 3:30am
1 minutes before news
Attached Image (click to enlarge)
Click to Enlarge Name: 2012pvj25.gif Size: 21 KB
not euphoria follower
  • #298,229
  • Jan 17, 2012 3:31am Jan 17, 2012 3:31am
let me ask to crystal ball first

Quoting nAVIN2007
WHAT U THINK WILL HAPPEN IF THAT TANKS?.. sorry for caps
not euphoria follower
  • #298,230
  • Jan 17, 2012 3:37am Jan 17, 2012 3:37am
news as expected, time to fall?
Money never sleeps...
  • #298,231
  • Jan 17, 2012 3:38am Jan 17, 2012 3:38am
went long at 1.5361, not loving it, especially if 1.54 does not break up. Down seems overplayed. The stops above 1.54 are calling out to me. I guess the market is waiting on King? Or should I hope the market is waiting on King??
  • #298,232
  • Jan 17, 2012 3:39am Jan 17, 2012 3:39am
Quoting inpatient
news as expected, time to fall?
why? we got positive news..maybe lil fall but im going long

6 min and BOE speaks and 12.00 we got german sentiment i think we go up


tight stoploss



adding hevy lot gbpaud with 15 stoploss
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #298,233
  • Jan 17, 2012 3:50am Jan 17, 2012 3:50am
1.54 option expiry today- think it is 3pm GMT- so price could play around till then in a small range.
  • #298,234
  • Jan 17, 2012 3:51am Jan 17, 2012 3:51am
This pair was nicknamed cable because it would travel so fast....
  • #298,235
  • Jan 17, 2012 3:58am Jan 17, 2012 3:58am
what will you do if some one on this forum ask you for money?
  • #298,236
  • Jan 17, 2012 3:59am Jan 17, 2012 3:59am
Quoting PoundTrader
what will you do if some one on this forum ask you for money?

tell them need to que

or find quicksilver
  • #298,237
  • Jan 17, 2012 4:00am Jan 17, 2012 4:00am
Quoting PoundTrader
what will you do if some one on this forum ask you for money?
I would tell them if they are thirsty, they should stop licking sand.
  • #298,238
  • Jan 17, 2012 4:05am Jan 17, 2012 4:05am
Quoting PoundTrader
what will you do if some one on this forum ask you for money?


tell him u got only 1 million to give
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #298,239
  • Jan 17, 2012 4:07am Jan 17, 2012 4:07am
This price action is stunningly light in the loafers. If its options that cause me to have to suffer this crap, I hate options.
  • #298,240
  • Jan 17, 2012 4:09am Jan 17, 2012 4:09am
Quoting PoundTrader
what will you do if some one on this forum ask you for money?
no.
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