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Cable Update (GBPUSD)

  • #299,101
  • Jan 24, 2012 7:45pm Jan 24, 2012 7:45pm
Quoting Ill-b-back
Actually, if I wasn't in a trade right now, I wouldn't touch this until at least 57. We are in serious no mans land
ok than wot abt ur buystop order at 1.5588..........did u close it in profit ?
  • #299,102
  • Jan 24, 2012 7:55pm Jan 24, 2012 7:55pm
Quoting mano940
ok than wot abt ur buystop order at 1.5588..........did u close it in profit ?
No both longs still running, 5508 and 5608. I only have a micro account now so am going with my gut on this one. Monitor blank so cant see my lines etc. PA at the top not too convincing of a reversal. If money were bigger, I would have definitely closed them out at 5625 or so when my monitor went blank. If you are long from there, maybe close half and rest to BE.
Come with me if you want to live....
  • #299,103
  • Jan 24, 2012 8:55pm Jan 24, 2012 8:55pm
Just to remind that BOE Minutes (clues around further 'printing money) and 4th quarter prelim GDP will be released today at 9:30 am GMT. Those data might determine the direction of the GBP for the next few weeks until we get the BOE rate decision in early February.

worth reading: Key Week For GBP with BOE Minutes & 4Q GDP
  • #299,104
  • Jan 24, 2012 9:16pm Jan 24, 2012 9:16pm
If zigzag start from upcoming resistance ( around 1.5670 ) then retrace to 50% is at 1.5465 at 4h

http://i.imgur.com/n1oik.png
--------------------
  • #299,105
  • Jan 24, 2012 10:03pm Jan 24, 2012 10:03pm
Revised target, 5650 just below 100sma and resistance. No selling pressure in yet.
Come with me if you want to live....
  • #299,106
  • Edited 10:39pm Jan 24, 2012 10:21pm | Edited 10:39pm
Morning , so checking first usdx , h4 hammer down failed I see at h1 support , that is not that easy it seems so , nice . so usdx considering this level protect so far or at least trying & others short scalping as before at this top for now to have a correction or bear in fact still . at the same time , more can bull also some .

Others may have the mofu , artificial life & why not usdx get one here .

gu price around same levels at night seen and some great levels at top need test though if possible anyway ( hs usdx lower tf to take to bottom ) ,ok .
so what is a matter life and death is simply a matter of game /enjoyment to rest of the world!! Remember Gaddafi only , in this regard.exault over the near death & after .time to revert back strong & stout ! fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd.gif Size: 16 KB
Click to Enlarge Name: gu3.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,107
  • Jan 24, 2012 10:33pm Jan 24, 2012 10:33pm
today fundies that must be closely watching...

FED DECISION
EXPECT RATE TO HOLD...BUT QE3 SPECULATION SHOULD RESURFACE...

UK
MPC MEETING EXPECT ADJUSTMENT ON QE PROGRAM
PREM GDP,......must closly wathing this

EURO
GERMAN IFO........
Bismillah
  • #299,108
  • Jan 24, 2012 11:09pm Jan 24, 2012 11:09pm
Monitor back up and running, wonderful, soooo happy sitting between the daily 60 SMA and support at 55EMA. Don't expect a lot of movement today after 7 straight days of bullish activity. Perhaps just a move up to resistance at the daily 100SMA, but even that might be a stretch.
Come with me if you want to live....
  • #299,109
  • Jan 24, 2012 11:28pm Jan 24, 2012 11:28pm
Please check out this link to my previous post....it shows a daily chart of the pound....

http://www.forexfactory.com/showthre...11#post5311611


Here I am posting an updated chart......my targets are pretty close.

Enjoy.

Faller.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart of IDEALPRO~#GBP.USD.jpg Size: 143 KB
I don't trust any move - when you have profit...take it.
  • #299,110
  • Jan 24, 2012 11:34pm Jan 24, 2012 11:34pm
just from my prev long term view.....

u can take is as reference
Attached Image (click to enlarge)
Click to Enlarge Name: GBP1.JPG Size: 90 KB
Bismillah
  • #299,111
  • Jan 24, 2012 11:39pm Jan 24, 2012 11:39pm
Gu trading at resistance area atm. Sell limit @ 1.5627 Y'terday high.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 32 KB
  • #299,112
  • Jan 25, 2012 12:04am Jan 25, 2012 12:04am
Featuring the 60sma and 55ema.
It is a very tight canal, hoping to "give birth" to profits soon.
(Target 5650)
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade17.gif Size: 18 KB
Come with me if you want to live....
  • #299,113
  • Jan 25, 2012 12:24am Jan 25, 2012 12:24am
major option expiry for cable at 1.5500 today.


hmmmmmm going to drop??
I don't trust any move - when you have profit...take it.
  • #299,114
  • Edited 12:42am Jan 25, 2012 12:25am | Edited 12:42am
watching mainly eu for next , London remain undecided in taking random up & down yet . watching . do or die situation .again both success may not last long .

usdx ok for the reversal as many lower limits broken for bear & but hs can take effect to low or even down before reversal effect may come life . if down only mofu to come forwards to success that hs also .
anyway breaking that 79.51 should be the hardest in bear life presently or bull in others . and massive reactions can expect even breaks at last .that is break not the only answer to bear direct usdx so bull may do some before reactions down in others .

gu giving the first sign of failure so far , breaks 5590 , next 5564 before breakout level 5445 , but in mofu play nothing reliable before bo & more 5532 , 5511 , & so
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #299,115
  • Jan 25, 2012 12:28am Jan 25, 2012 12:28am
Quoting gsantri
@45Condor
@bbakker

must say that I really enjoyed your conversation. how the fundamentals can be explored in more depth with a very relaxed manner.

Thank you. Could be a learning for me and others here.

and to 45Condor, you are still deciding whether to trust Draghi and preparing the 'speech, but yet you long EU and targeting 1.32/3. That is trading.. its about market sentiment.

I am sure the position was taken before drinking the snake's blood lol..

morning,
i quote your post since i was to say exactly the same things about bbakker n 45condor!
90% of traders use TA, indicators and prediction
  • #299,116
  • Jan 25, 2012 12:33am Jan 25, 2012 12:33am
Quoting Faller
Please check out this link to my previous post....it shows a daily chart of the pound....

http://www.forexfactory.com/showthre...11#post5311611


Here I am posting an updated chart......my targets are pretty close.

Enjoy.

Faller.
good morning,
yesterday i had longs in GU i was targeting exactly 5648 and 5649 had sell limits waiting.
but....
closed longs 5606 and went short 5625.
that upmove still not convincing me!!!
the more i watch it, the less i like it.

today i wait a bit before next position, but i won't really be surprised to see price near 5450 before week ends.

could be wrong.
lets see boe minutes!!
90% of traders use TA, indicators and prediction
  • #299,117
  • Jan 25, 2012 12:34am Jan 25, 2012 12:34am
fire up the rocket launchers.....drive this bitch into the ground!

I don't trust any move - when you have profit...take it.
  • #299,118
  • Jan 25, 2012 12:36am Jan 25, 2012 12:36am
Quoting Faller
fire up the rocket launchers.....drive this bitch into the ground!


gdp++mpc will answer for u
Bismillah
  • #299,119
  • Jan 25, 2012 12:37am Jan 25, 2012 12:37am
Quoting _BBKing_
good morning,
yesterday i had longs in GU i was targeting exactly 5648 and 5649 had sell limits waiting.
but....
closed longs 5606 and went short 5625.
that upmove still not convincing me!!!
the more i watch it, the less i like it.

today i wait a bit before next position, but i won't really be surprised to see price near 5450 before week ends.

could be wrong.
lets see boe minutes!!


i like the way u think! and trade!
I don't trust any move - when you have profit...take it.
  • #299,120
  • Jan 25, 2012 12:39am Jan 25, 2012 12:39am
Quoting krunfx
gdp++mpc will answer for u

early warning system.....showing it's face....hmmmmmm
I don't trust any move - when you have profit...take it.
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