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Cable Update (GBPUSD)

  • #304,621
  • Mar 22, 2012 4:25am Mar 22, 2012 4:25am
cleared all my positions, will reenter if there's retracement later..

see u later guys.
  • #304,622
  • Mar 22, 2012 4:27am Mar 22, 2012 4:27am
nice response for both PMI 30mins different..
I trade to live
  • #304,623
  • Mar 22, 2012 4:28am Mar 22, 2012 4:28am
Quoting A-speculator
cleared all my positions, will reenter if there's retracement later..

see u later guys.
You can't go, data in 3 minutes. BG - that graph is obviously upside down.
Gone to a better place
  • #304,624
  • Mar 22, 2012 4:28am Mar 22, 2012 4:28am
Quoting A-speculator
cleared all my positions, will reenter if there's retracement later..

see u later guys.
I trade to live
  • #304,625
  • Mar 22, 2012 4:30am Mar 22, 2012 4:30am
Quoting A-speculator
ye, sama la kita.. semoga dimurahkan rezeki hari nie.. amin. I'm from jb.
amin....
I trade to live
  • #304,626
  • Mar 22, 2012 4:30am Mar 22, 2012 4:30am
Quoting smikester
You can't go, data in 3 minutes. BG - that graph is obviously upside down.
there's reason for my exit. it is because i see all of my traded pairs has reached their 4h s&r level, all at the same time.. might be have a breakout but, it's ok.. can reenter later..

green pips to you mate. enjoy the pips.
  • #304,627
  • Mar 22, 2012 4:31am Mar 22, 2012 4:31am
Quoting bguguen
explain this??

obviously the fixed exchange rate maintaining the GBP to be strong has led to a faster fall in the value of the GBP than that of the USD when GBP goes to Floating exchange rate...

Yes both USD and GBP have been falling... but the strong GBP gave it the most reason to fall faster than the USD, the extended period of over valuation during those good old fixed exchange rate times...

Attachment
BTW this is 30+ years 1972.... 1972 is the last year of fixed exchange rates in UK

fair point
  • #304,628
  • Mar 22, 2012 4:31am Mar 22, 2012 4:31am
Quoting smikester
You can't go, data in 3 minutes. BG - that graph is obviously upside down.
it cant be.... that chart did show the dip in 2009 from 1.9 to 1.5 so its the right chart my friend...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,629
  • Mar 22, 2012 4:33am Mar 22, 2012 4:33am
Just as I have been posting here.......hope everyone is on the right side.



Faller.
I don't trust any move - when you have profit...take it.
  • #304,630
  • Mar 22, 2012 4:33am Mar 22, 2012 4:33am
Quoting abdul_halim
cable
TP will close manually depend on price movement
holding...
Attached Image (click to enlarge)
Click to Enlarge Name: hold.jpg Size: 164 KB
  • #304,631
  • Mar 22, 2012 4:34am Mar 22, 2012 4:34am
I closed my short from 5880 for +58 pips... and that was a 100 pip trade... oh well... will take a break now.
  • #304,632
  • Mar 22, 2012 4:35am Mar 22, 2012 4:35am
Quoting A-speculator
there's reason for my exit. it is because i see all of my traded pairs has reached their 4h s&r level, all at the same time.. might be have a breakout but, it's ok.. can reenter later..

green pips to you mate. enjoy the pips.
I missed 70pips of scalp which I closed earlier
I trade to live
  • #304,633
  • Mar 22, 2012 4:35am Mar 22, 2012 4:35am
Yay Cheaper School fees for me in UK !!
but oh my god UK i thought you were such a good seller.. i wonder why retail sales tanked .. -8% m/m....
people just arent buying in UK sad...
Uk might as well fall back into recession with that sort of figure... consumer spending being the culprit...
Lets see if the BOE is gona print more money to flood the economy with government spending to prop up the growth by debt and more GBP easing...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,634
  • Mar 22, 2012 4:35am Mar 22, 2012 4:35am
uk retail sales data worse than forecast at -0.8% and a downward revision of last month from +0.5%% to +0.3%...sell off continues to 50% 5619-5922.

Bearish now 1hr, arguably 4hr and bearish intraday so far.

G/L
ex member
  • #304,635
  • Mar 22, 2012 4:38am Mar 22, 2012 4:38am
Quoting bguguen
explain this??

obviously the fixed exchange rate maintaining the GBP to be strong has led to a faster fall in the value of the GBP than that of the USD when GBP goes to Floating exchange rate...

Yes both USD and GBP have been falling... but the strong GBP gave it the most reason to fall faster than the USD, the extended period of over valuation during those good old fixed exchange rate times...

Attachment
BTW this is 30+ years 1972.... 1972 is the last year of fixed exchange rates in UK

Exactly....I posted a similar chart a few weeks maybe a month ago....can look through my posts if you want - and after the terrible news out of China and Europe and Now UK retail sales......unless you turn the pound chart upside down.....it is not bulllish.
I don't trust any move - when you have profit...take it.
  • #304,636
  • Mar 22, 2012 4:38am Mar 22, 2012 4:38am
Quoting UbuFamily
I missed 70pips of scalp which I closed earlier
it's ok mate.. always a next time.. better than being in a losing trade kan?
  • #304,637
  • Mar 22, 2012 4:38am Mar 22, 2012 4:38am
Where is average daily range at????
69
  • #304,638
  • Mar 22, 2012 4:38am Mar 22, 2012 4:38am
Quoting Faller
Just as I have been posting here.......hope everyone is on the right side.



Faller.
right side here...but I'm surprised it broke 5784..
I trade to live
  • #304,639
  • Mar 22, 2012 4:39am Mar 22, 2012 4:39am
Quoting abdul_halim
holding...
I trade to live
  • #304,640
  • Mar 22, 2012 4:40am Mar 22, 2012 4:40am
I am now looking for a retrace to test 1.58 so that I can add. (Abdul do you want an account to manage? )
Gone to a better place
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