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Cable Update (GBPUSD)

  • #304,641
  • Mar 22, 2012 4:40am Mar 22, 2012 4:40am
Quoting bguguen
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...
I trade to live
  • #304,642
  • Mar 22, 2012 4:41am Mar 22, 2012 4:41am
I've been short on this thing since 1.5921 yesterday. Going to hold onto it until we test 1.5600. Ching ching. I don't think you can nail a top any harder.
  • #304,643
  • Mar 22, 2012 4:41am Mar 22, 2012 4:41am
Quoting Faller
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.
Thank you Faller for agreeing
ill give it to navin though GBPUSD could still make it to 1.63 this year... but the selling pressure is piling for me any longs on the GBPUSD is a counter trade in the very long term... it could play well but im not a big fan of counter trend trades...
i'd much prefer holding a drawdown on the trend's direction instead...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,644
  • Mar 22, 2012 4:42am Mar 22, 2012 4:42am
Quoting A-speculator
it's ok mate.. always a next time.. better than being in a losing trade kan?
Yes sir!
hehe lucu lah pulak nampak "kan" di sini...nanti orang putih cakap kita ni "manglish"... wakakakakaka
I trade to live
  • #304,645
  • Mar 22, 2012 4:44am Mar 22, 2012 4:44am
Quoting UbuFamily
right side here...but I'm surprised it broke 5784..

I trade futures and it hit my support at 1.5761 to a tee!
I don't trust any move - when you have profit...take it.
  • #304,646
  • Mar 22, 2012 4:47am Mar 22, 2012 4:47am
Quoting smikester
I am now looking for a retrace to test 1.58 so that I can add. (Abdul do you want an account to manage? )

Not sure it will retrace much???? After China - Euro-Zone and UK data and numbers......wait till NYC gets a hold of this......

Pimco may be right after all?

Faller.
I don't trust any move - when you have profit...take it.
  • #304,647
  • Mar 22, 2012 4:48am Mar 22, 2012 4:48am
Price reaches a 5769 spot low..109% of 20 day atr travelled so far today.

1hr near-term current screenshot below.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 90 KB
ex member
  • #304,648
  • Mar 22, 2012 4:50am Mar 22, 2012 4:50am
Quoting smikester
I am now looking for a retrace to test 1.58 so that I can add. (Abdul do you want an account to manage? )
sorry sir,i manage my own acc only...
  • #304,649
  • Mar 22, 2012 4:52am Mar 22, 2012 4:52am
Quoting Faller
I trade futures and it hit my support at 1.5761 to a tee!

what u mean to a tee?
I trade to live
  • #304,650
  • Mar 22, 2012 4:54am Mar 22, 2012 4:54am
Quoting UbuFamily
what u mean to a tee?

to a tee

meaning exactly.....spot on.....hit the target - bingo.....etc.....
I don't trust any move - when you have profit...take it.
  • #304,651
  • Mar 22, 2012 4:55am Mar 22, 2012 4:55am
Fantastic pips. You don't get days like this very often...
Gone to a better place
  • #304,652
  • Mar 22, 2012 4:58am Mar 22, 2012 4:58am
Quoting Faller
to a tee

meaning exactly.....spot on.....hit the target - bingo.....etc.....
Oh ya I almost forget your platform is a futures one...
thanks for that Kevin aka Faller!!
I trade to live
  • #304,653
  • Mar 22, 2012 4:59am Mar 22, 2012 4:59am
Quoting UbuFamily
Yes sir!
hehe lucu lah pulak nampak "kan" di sini...nanti orang putih cakap kita ni "manglish"... wakakakakaka
ahahah.. biarkan.. bukan depa paham pun.. belasah je
  • #304,654
  • Mar 22, 2012 4:59am Mar 22, 2012 4:59am
Ooooo ben ben is talking today 4:15 pm GMT...
too bad the data today wouldnt support his "Supposed statement for an Improved European economy..."
i hope he wouldnt be dumb enough to shoot himself in the foot today saying that hehe

Oh oh.. draghi speaks before him... watch the tone of draghi too...
fundamental traders would watching these 2 guys doing their showdown today lol..

Draghi: "unfrotunately our economy as seen today is not on track for recovery"
Bernanke: "Yes it is... "
Draghi: "No it aint"

get ready folks lol
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,655
  • Mar 22, 2012 5:00am Mar 22, 2012 5:00am
Quoting smikester
Fantastic pips. You don't get days like this very often...
. But the day is not over yet - we still got the NY session during which GU normally sets the day high and low. I hope you went long on EG at 8300.
  • #304,656
  • Mar 22, 2012 5:00am Mar 22, 2012 5:00am
Quoting A-speculator
ahahah.. biarkan.. bukan depa paham pun.. belasah je
Wahahaha! Betul betul betul!
I trade to live
  • #304,657
  • Mar 22, 2012 5:02am Mar 22, 2012 5:02am
Quoting Rasi
. But the day is not over yet - we still got the NY session during which GU normally sets the day high and low. I hope you went long on EG at 8300.
i have my PO triggered at 8330 for that pair mate..
  • #304,658
  • Mar 22, 2012 5:02am Mar 22, 2012 5:02am
15min PB and 30min bullish hammer closes up off the current daily lo ? Bull traps ??

@/below the current daily lo:

5778 50% 5633-5922
5770 50% 5619-5922
5766 Weekly Pivot @/around
5762 Daily S2 @/around
5761 50% 5601-5922
5750/47 2 x fibs
5744 61.8% 5633-5922
5741-34-22 prev 4hr sw hi x 3 zone (non-immed) incl 5735=61.8% 5619-5922 and 5724 = 61.8% 5601-5922
5712 Monthly S1 @/around
5708 Daily S3 @/around
5706-5697-93 prev 4hr/1hr sw lo zone incl 5702 76.4% 5633-5922
[ 5690 76.4% 5619-5922
[ 5690 4hr ascending t/line coming thru on present 4hr candle
5685-80 prev 1hr sw hi zone (non-immed)
5677 2 x fibs (76.4% 5601-5922/85.4% 5633-5922)
5673 Weekly S1 @/around
5670-65 Daily ascending t/line coming thru on present 4hr candle
5663 85.4% 5619-5922
5649 85.4% 5601-5922
5646-42-32 prev Daily/4hr/1hr swing lo zone

G/L
ex member
  • #304,659
  • Mar 22, 2012 5:09am Mar 22, 2012 5:09am
Quoting A-speculator
i have my PO triggered at 8330 for that pair mate..
Good luck with your trade. My trade is already at BE.
  • #304,660
  • Mar 22, 2012 5:18am Mar 22, 2012 5:18am
Quoting Rasi
. But the day is not over yet - we still got the NY session during which GU normally sets the day high and low. I hope you went long on EG at 8300.
No. I have completely "lost the plot" with that pair. I can't go long into what I consider to be a bear flag and the lower TL (which now sits at .8300) has been violated a few times. It's taking the mickey.
Gone to a better place
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