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Cable Update (GBPUSD)

  • #304,841
  • Mar 23, 2012 4:16am Mar 23, 2012 4:16am
Quoting _BBKing_
ops sorry!
mistake!!!
my bad.....

i'm not looking yesterday's high, my eyes are in 5920 and 5990 lines.

5920 looks pretty sure IMO with this strong bull running. let's see if news in 30 minutes will give last push or will give reasons for a relax.

but overall be careful if looking for shorts, this thing could also go print near 5940-5980. ok, also tank down again into lower 58's but.... mmmm 5885 while writing!
my eyes is on 5900.. but don't have the courage to do anything coz 4h is like that...
  • #304,842
  • Mar 23, 2012 4:27am Mar 23, 2012 4:27am
what a manic market.....have not seen this type of action since 2009......hmmmmmmmmmmm
I don't trust any move - when you have profit...take it.
  • #304,843
  • Mar 23, 2012 4:30am Mar 23, 2012 4:30am
More crap numbers out of UK....mortgage approvals down.......
I don't trust any move - when you have profit...take it.
  • #304,844
  • Mar 23, 2012 4:30am Mar 23, 2012 4:30am
Quoting Faller
what a manic market.....have not seen this type of action since 2009......hmmmmmmmmmmm
i think since 2008, 2009 market quite slowed down..
  • #304,845
  • Mar 23, 2012 4:30am Mar 23, 2012 4:30am
Being offered a short here but I don't like it. Looking at other pairs.
Gone to a better place
  • #304,846
  • Mar 23, 2012 4:33am Mar 23, 2012 4:33am
In the long term for a currency to be strong it has to be based on strong economic factors can anyone name any strong economic factors for Britain?
I don't trust any move - when you have profit...take it.
  • #304,847
  • Mar 23, 2012 4:33am Mar 23, 2012 4:33am
Quoting smikester
Being offered a short here but I don't like it. Looking at other pairs.
what pairs are u looking at? mind to share?
  • #304,848
  • Mar 23, 2012 4:37am Mar 23, 2012 4:37am
my only position is eurgbp at 8360.. what a day today.. lol.
  • #304,849
  • Mar 23, 2012 4:37am Mar 23, 2012 4:37am
BoE's FPC says bank capital not yet enough to ensure resilience to risks

BoE
I don't trust any move - when you have profit...take it.
  • #304,850
  • Mar 23, 2012 4:38am Mar 23, 2012 4:38am
Quoting A-speculator
what pairs are u looking at? mind to share?
I'm long USDCHF tight stops (20) because if you look at EURCHF it's at the intervention level of March13th and I won't trade that pair. But intervention also took USDCHF with it. Also it is at strong support with an M30 bullish candle.

Cable might go down but it's too tricky for me on a Friday.
Gone to a better place
  • #304,851
  • Mar 23, 2012 4:40am Mar 23, 2012 4:40am
Quoting smikester
I'm long USDCHF tight stops (20) because if you look at EURCHF it's at the intervention level of March13th and I won't trade that pair. But intervention also took USDCHF with it. Also it is at strong support with an M30 bullish candle.

Cable might go down but it's too tricky for me on a Friday.
yeah, i'm looking to long also that pair.. my PO is 9085.. wonder if it will get triggered..
  • #304,852
  • Mar 23, 2012 4:47am Mar 23, 2012 4:47am
Quoting Faller
In the long term for a currency to be strong it has to be based on strong economic factors can anyone name any strong economic factors for Britain?
A language that has almost become a planet default. A strong alliance with the USA, with Europe as a trading partner, but keeping some fiscal independence from Europe. One of the main financial centres of the planet with a time zone which overlaps all the other main financial centres. A multicultural society (a bit experimental at this stage). Really I don't understand why the government keeps making such a pig's ear of it.
Gone to a better place
  • #304,853
  • Mar 23, 2012 4:53am Mar 23, 2012 4:53am
Quoting A-speculator
yeah, i'm looking to long also that pair.. my PO is 9085.. wonder if it will get triggered..
Yes, the Swiss are desperate to devalue their currency and they have the firepower to do it.
Gone to a better place
  • #304,854
  • Mar 23, 2012 5:03am Mar 23, 2012 5:03am
I like this hourly candle, though. We rejected 1.59 and that blue line goes all the way back to 2007
Gone to a better place
  • #304,855
  • Mar 23, 2012 5:04am Mar 23, 2012 5:04am
Attached Image
Gone to a better place
  • #304,856
  • Mar 23, 2012 5:14am Mar 23, 2012 5:14am
Quoting smikester
Attachment
alien...hu!
  • #304,857
  • Mar 23, 2012 5:15am Mar 23, 2012 5:15am
this one came close to my sl.. D1 down trend channel resistance has been rejected but it can resume uptrend after retracement to pitchfork line (red one on chart)
Attached Image (click to enlarge)
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69
  • #304,858
  • Mar 23, 2012 5:23am Mar 23, 2012 5:23am
Quoting Ill-b-back
I really don't mean to ruffle any feathers Condor (pardon the pun), but I'm curious how your upper TL above price is legitimate. It seems to me the line is being repositioned further northwards with price as shown by reluctance to include the mild spike before the *%#+ really hit the market fan at the top in '07 in the TL positioning. Even ignoring this, why could not the weekly "head" peak be a part of the TL, meaning it has now been broken north? If you draw a line connecting the two peaks of '07, price shows the line has been broken, retested...
...tried to give my answer - and no feathers ruffled at all. It's nice to have to try and validate one's position, as it forces one to take a closer look.

This morning's pump was a little worrisome - I wonder if this was a last attempt to get a good price before market close tonight, and you know what, if true.

Anyway, thanks IBB, you've spoilt my riding this afternoon; as opposed to concentrating on my centre line as I jump, I'll now have images of ascending and descending TL's confusing my retinas. Dear me, I hope I don't start trying to see Fibonacci ratios as I look at the distances between hurdles.
Attached Image(s) (click to enlarge)
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #304,859
  • Mar 23, 2012 5:25am Mar 23, 2012 5:25am
Quoting Faller
what a manic market.....have not seen this type of action since 2009......hmmmmmmmmmmm
...lots of talk concerning topping in equities/euro balance sheets - I'm liking where you are coming from Faller.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #304,860
  • Mar 23, 2012 5:33am Mar 23, 2012 5:33am
Quoting 45Condor
...lots of talk concerning topping in equities/euro balance sheets - I'm liking where you are coming from Faller.
I think Faller is pointing to the elephant in the room. I hope no one notices it.
Gone to a better place
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