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Cable Update (GBPUSD)

  • #302,561
  • Mar 7, 2012 6:54am Mar 7, 2012 6:54am
Quoting PoundTrader
ME,
Hey Pound, where are you
Always looking the GREAT, never left GOOD Point...
  • #302,562
  • Mar 7, 2012 7:10am Mar 7, 2012 7:10am
Quoting Forexia
The Pound is still strong vs. the other currencies thou. Stupid EU dragging it down again... Not sure why the dip in EU...
You must be joking...
read any headlines lately?? greek default to cause 1 trillion euro dent...
besides GBP deserves to fall alongside the Euro... think about it... Who does UK trade with most... i can pretty much bet my dick that 50%+ of UK's trades are with EURO... if EURO economy suffers, so will GBP suffer in a large extent... besides... need i remind you some of the more famously bailed out banks in UK holds greek debts?? RBS?? LLoyds TSB??

Fundamentally the EURUSD and the GBPUSD are correlated like the Siamese twins...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,563
  • Mar 7, 2012 7:11am Mar 7, 2012 7:11am
Quoting GDR3k
Caught the spike there, buy order hit @ 1.56981, SL at break even, TP 5795.

Going out, catch ya's all later.
Still in, make a move Sterling!!
  • #302,564
  • Mar 7, 2012 7:15am Mar 7, 2012 7:15am
Quoting Tsar
Cable in Weekly Chart - Triangle Symemetrical

Current Cable decreased first before moving Up
(if Support doesn't Breakout)
Really?
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,565
  • Mar 7, 2012 7:25am Mar 7, 2012 7:25am
Quoting Tsar
Cable in Weekly Chart - Triangle Symemetrical

Current Cable decreased first before moving Up
(if Support doesn't Breakout)
will miss ur pips
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,566
  • Mar 7, 2012 7:30am Mar 7, 2012 7:30am
Quoting Zircon
Really?
Time will tell

G/L
Always looking the GREAT, never left GOOD Point...
  • #302,567
  • Mar 7, 2012 7:33am Mar 7, 2012 7:33am
Quoting bguguen
You must be joking...
read any headlines lately?? greek default to cause 1 trillion euro dent...
besides GBP deserves to fall alongside the Euro... think about it... Who does UK trade with most... i can pretty much bet my dick that 50%+ of UK's trades are with EURO... if EURO economy suffers, so will GBP suffer in a large extent... besides... need i remind you some of the more famously bailed out banks in UK holds greek debts?? RBS?? LLoyds TSB??

Fundamentally the EURUSD and the GBPUSD are correlated like the Siamese twins...
Always looking the GREAT, never left GOOD Point...
  • #302,568
  • Mar 7, 2012 7:36am Mar 7, 2012 7:36am
Quoting bguguen
You must be joking...
read any headlines lately?? greek default to cause 1 trillion euro dent...
besides GBP deserves to fall alongside the Euro... think about it... Who does UK trade with most... i can pretty much bet my dick that 50%+ of UK's trades are with EURO... if EURO economy suffers, so will GBP suffer in a large extent... besides... need i remind you some of the more famously bailed out banks in UK holds greek debts?? RBS?? LLoyds TSB??

Fundamentally the EURUSD and the GBPUSD are correlated like the Siamese twins...
yeah, i'm agree that cable on its way down, perhaps to 5360 (200% projection from the range), well that's for swing trading, but i think before the move, it will get to about 5815 area first.. maybe in 2 days trading time.
  • #302,569
  • Mar 7, 2012 7:37am Mar 7, 2012 7:37am
Quoting Tsar
Time will tell

G/L


ok man that's best word, i will let my short open until tommorow
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,570
  • Mar 7, 2012 7:38am Mar 7, 2012 7:38am
Quoting Tsar
BTW.... with EURUSD breaking through 1.31 for a brief moment i decided to replot one of the more longer term swing only to find 1.31 is not a support at all... its been a barrier that just got popped... the next real level of technical support for the EURUSD comes in at 1.2980....
i wonder what GBPUSD would do when EURUSD falls that far...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,571
  • Mar 7, 2012 7:44am Mar 7, 2012 7:44am
Quoting bguguen
BTW.... with EURUSD breaking through 1.31 for a brief moment i decided to replot one of the more longer term swing only to find 1.31 is not a support at all... its been a barrier that just got popped... the next real level of technical support for the EURUSD comes in at 1.2980....
i wonder what GBPUSD would do when EURUSD falls that far...
perhaps it will get that far, but i think you're right regarding the support at 1.31 area (in daily). i think fiber will move up to about 3250 area first before going lower, afterall, it is the first touch of the support..
  • #302,572
  • Mar 7, 2012 7:46am Mar 7, 2012 7:46am
Quoting A-speculator
perhaps it will get that far, but i think you're right regarding the support at 1.31 area (in daily). i think fiber will move up to about 3250 area first before going lower, afterall, it is the first touch of the support..
what im saying is 1.31 is not a tech support at all meaning any hourly/4hour close below it would drive this pair down to 1.2980 in no time... understand??
technical point of view btw...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #302,573
  • Mar 7, 2012 7:47am Mar 7, 2012 7:47am
What I would like to know is this. What is symmetrical about that triangle? What do you mean by bullish bias when cable is making consistently lower highs?
Gone to a better place
  • #302,574
  • Mar 7, 2012 7:50am Mar 7, 2012 7:50am
57 seems to be holding, now I've just jinxed myself, watch is smash through...
  • #302,575
  • Mar 7, 2012 7:51am Mar 7, 2012 7:51am
Quoting bguguen
what im saying is 1.31 is not a tech support at all meaning any hourly/4hour close below it would drive this pair down to 1.2980 in no time... understand??
technical point of view btw...
As i said, perhaps it will get that far but it is her first touch of support in daily (the 1.31) i don't think it will get lower in 2 trading days time, maybe i'm wrong, but i think fiber will have reversal first before going any lower..1.31 will the the area the pair pause for a moment.. imho..
  • #302,576
  • Mar 7, 2012 7:54am Mar 7, 2012 7:54am
Quoting GDR3k
57 seems to be holding, now I've just jinxed myself, watch is smash through...
57 is not the area to be watch for imho, the area to watch for is 5650.. imho.
  • #302,577
  • Mar 7, 2012 8:11am Mar 7, 2012 8:11am
Quoting A-speculator
57 is not the area to be watch for imho, the area to watch for is 5650.. imho.
That's right.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #302,578
  • Mar 7, 2012 8:14am Mar 7, 2012 8:14am
it is not possible to trade like this.
only need a fart from EZ and things changes.

i call it a week.
good luck you all and if you can..... don't think too much! the more you think the more market will give you reasons to go wrong.
just my 2 words!

good luck, bybye
90% of traders use TA, indicators and prediction
  • #302,579
  • Mar 7, 2012 8:16am Mar 7, 2012 8:16am
Quoting _BBKing_
it is not possible to trade like this.
only need a fart from EZ and things changes.

i call it a week.
good luck you all and if you can..... don't think too much! the more you think the more market will give you reasons to go wrong.
just my 2 words!

good luck, bybye
hey mate, how's life?

It's been a while huh..
  • #302,580
  • Mar 7, 2012 8:23am Mar 7, 2012 8:23am
Just when you think US is gona be strong you got someone from the fed being all loud mouth and shit... talking bout a QE2.5 reason its 2.5 is its not the full fledged QE3 as feared but still bond buying at a smaller scale...
dollar peeps wont like that... fking ridiculous...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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