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Cable Update (GBPUSD)

  • #309,541
  • Apr 24, 2012 12:09pm Apr 24, 2012 12:09pm
Quoting Faller
could it be distribution?

might be both..i have no clue..i think it all depends on news tomorrow
  • #309,542
  • Apr 24, 2012 12:19pm Apr 24, 2012 12:19pm
Quoting A-speculator
hi tau,

in my view, the projection of 161 fibo for the uptrend wave is at about 3280, the price which i will reverse my position.. also swissy at 9060/65 area..

as you can see 3180 is also quite a resistance being the s&r for many times..
Good day to you,

your analysis makes perfect sense. I agree with what you are saying. BUT - I will be very surprised to see EU trading anything above 1.3230 for the short term...

But I am often wrong - no shame.

So - we agree to disagree. Perfectly standard in forex.

I do hope your position works out to your satisfaction.

All the best
  • #309,543
  • Apr 24, 2012 12:19pm Apr 24, 2012 12:19pm
Quoting nAVIN2007
might be both..i have no clue..i think it all depends on news tomorrow

nAVIN.....I ask you a technical questions.....and you give me an answer based on fundies.....hmmmmmm you told me that you do not read or pay attention to news.......has something changed?
I don't trust any move - when you have profit...take it.
  • #309,544
  • Apr 24, 2012 12:54pm Apr 24, 2012 12:54pm
Quoting Faller
nAVIN.....I ask you a technical questions.....and you give me an answer based on fundies.....hmmmmmm you told me that you do not read or pay attention to news.......has something changed?

no nothing changed bro..im just saying that on a technical perspective i reckon cable is poised to go either way..

this stall up can be considered a bull flag thou not pretty

the dailies are making progress = bull
dailies candles looking exhausted = bear

the gdp figures i reckon will trigger

however based on the quarterly i totally expect at least 1.62 or bulllish monthly close

lets see how it close today on daily
  • #309,545
  • Apr 24, 2012 1:02pm Apr 24, 2012 1:02pm
Quoting nAVIN2007
no nothing changed bro..im just saying that on a technical perspective i reckon cable is poised to go either way..

this stall up can be considered a bull flag thou not pretty

the dailies are making progress = bull
dailies candles looking exhausted = bear

the gdp figures i reckon will trigger

however based on the quarterly i totally expect at least 1.62 or bulllish monthly close

lets see how it close today on daily
just having fun with you.....no harm meant. I totally agree with everything you posted above.....will have my orders positioned accordingly.

Cheers.

Faller
I don't trust any move - when you have profit...take it.
  • #309,546
  • Apr 24, 2012 1:12pm Apr 24, 2012 1:12pm
Quoting Faller
just having fun with you.....no harm meant. I totally agree with everything you posted above.....will have my orders positioned accordingly.

Cheers.

Faller
  • #309,547
  • Apr 24, 2012 1:35pm Apr 24, 2012 1:35pm
something to read

http://www.bloomberg.com/news/2012-0...indicated.html
I don't trust any move - when you have profit...take it.
  • #309,548
  • Apr 24, 2012 2:52pm Apr 24, 2012 2:52pm
Quoting Davit
Hi fellow trader.I never heard this strategy before.
Could you briefly explain your method or a link? PDF? Thank you
How does News factor in.Like for example weds Quarterly figures.
no brother its 15 min carts 30 min charts for medium term 1H 4H
4H is the best want to know why the hell some people know if the break our was real or fake.
remember timing is very thing.
i will explain in detail about timing other then that nothing i can tell you guys iam here becuase i cant see retail traders take loss for false break outs and patterns.
i dont use patterns most people here in forexfactors dont even realize that how you can create fair price for 2 currencies should be crosses. try to find it if you got that then you passed first step and i ahve 9 strategiest to compare the prices andand i get good trades and goos resuls if that patterns worked for all the time then why the hell you guys are mot billionaire??
it works some times some time they dont .
but never forget the PA is every thing just one hint Go with the BIG biys they throw millions
they know what they aer doing.
good luck juys sorryagian iam not here to teach guys.
  • #309,549
  • Apr 24, 2012 2:57pm Apr 24, 2012 2:57pm
Big data release tomorrow, the eagerly anticipated Uk Q1 Gdp preliminary release. Lot of speculation/discussion in Uk recently re accuracy of official data. Last Qtr of 2011 was -0.3% revised down from - 0.2% so any print of -0.1% or lower will likely have a negative knee-jerk (+?) impact on £. Conversely any print better than the +0.1% will likely see some knee-jerk £ demand and even +0.1% may see same as there is a real sense that this is important not least psychologically to avoid 2 x consecutive Qtrs of negative growth which would put Uk back into a technical recession.

Technically Gbpsd remains in a general opa (overall price action-peak valley analysis) uptrend on 1hr/4hr and on the Daily t/f an upside break of the recent 6061-5803 congestion saw the bullish PA established before it and from 5234 upwards continue . Currently price continues to seem reluctant to break upside and clear of the previous Weekly/daily swing hi zone to 6165 testing deep into that zone. (61.8% 6746-5234 just above @ 6167)

All eyes on this release then which is tomorrow Weds 25th April 0930am.

G/L
ex member
  • #309,550
  • Apr 24, 2012 2:58pm Apr 24, 2012 2:58pm
Quoting Fx.Fishermen
Hello guys,

Today it is GBPUSD and GBPCAD sell every rally sell and make money.

please take my advise guys. try ti in demo, i am here to help, i am here to keep traders on right path, when you guys are wrong. i just warn you.

Please Pay Attention. Don't buy GBPUSd and GBPCAD
You Peoples Dont know Me and i am not here to share my strategy.
fact is That "" real working strategies never ever revealed to Public "" that is fact Banks Hedge Funds, buy that after testing the trader fro 6 months and they pay a lot of money for that.
anyways that...

it's been over 12 hours......more like 20 hours since you post.....is opinion still the same?
I don't trust any move - when you have profit...take it.
  • #309,551
  • Apr 24, 2012 2:58pm Apr 24, 2012 2:58pm
Quoting A-speculator
i saw weakness in cable in 4h TF with supply at about 6155 area.. let's wait on how the daily closed, if closed as doji, perhaps tomorrow we can short cable maybe to 6060 area..
hey bro i have a question for you,
first thing i am not male i am femaleworking at night
anyways you said 4H chart which 4H cart we have 4 charts forthe same DAY SAME TIME
ok we hve 4H charts how many 4charts am i crazy or not time till tell you hwo and why.
if i dont get 5 reason to short or long any pair in forex i dont trade.

Good Luck.
  • #309,552
  • Apr 24, 2012 3:38pm Apr 24, 2012 3:38pm
Quoting bbmac
Big data release tomorrow, the eagerly anticipated Uk Q1 Gdp preliminary release. Lot of speculation/discussion in Uk recently re accuracy of official data. Last Qtr of 2011 was -0.3% revised down from - 0.2% so any print of -0.1% or lower will likely have a negative knee-jerk (+?) impact on £. Conversely any print better than the +0.1% will likely see some knee-jerk £ demand and even +0.1% may see same as there is a real sense that this is important not least psychologically to avoid 2 x consecutive Qtrs of negative growth which would put Uk back...
As bad as the U.S. economy is, I dont see any reasons for buying the GBP. This is why some fundamental analysis makes no sense to me. A .1 percent increase in a dying economy in a country increasingly Islamic....would be reason for strength? The UK's future is horribly grim at best. The fact that London plays such a key role in finance is the only thing keeping her relevant. It is a hideously overpopulated, welfare/entitlement state with no real future set against a constant change in demographics. The same can increasingly be said for the U.S. but the U.S. has more room before it sinks as well.

Perhaps some strength is gleamed for the GBP not being tied as directly to the Euro.
  • #309,553
  • Apr 24, 2012 4:18pm Apr 24, 2012 4:18pm
Oh dear, you sound as though you have been gang raped by a load of Brits at some stage in the past ! Whatever the case yours is a naive post in that you outline a long term fundamental / global macro opinion (I can't even call it analysis) and this completely discounts the trading opportunities over the short-medium and yes even the same longer term. Your opinion may or may not prove right but there is at the moment at least, opportunities to profit from buying (as well as selling the £) and I am sure there will be 2 way flows/opportunities in the future - even for buying the £ in the bleakest of circumstances for the Uk such as that you outline. Even in the most bearish or bullish of markets there are always corrections.

On the shorter term if Uk Gdp is +0.2% or higher and PA confirms then I will likely be a buyer of the £ tomorrow - should the hi-probability set-ups develop.

G/L

Quoting Fawlty
As bad as the U.S. economy is, I dont see any reasons for buying the GBP. This is why some fundamental analysis makes no sense to me. A .1 percent increase in a dying economy in a country increasingly Islamic....would be reason for strength? The UK's future is horribly grim at best. The fact that London plays such a key role in finance is the only thing keeping her relevant. It is a hideously overpopulated, welfare/entitlement state with no real future set against a constant change in demographics. The same can increasingly be said for the U.S....
ex member
  • #309,554
  • Apr 24, 2012 4:34pm Apr 24, 2012 4:34pm
Quoting bbmac
Oh dear, you sound as though you have been gang raped by a load of Brits at some stage in the past ! Whatever the case yours is a naive post in that you outline a long term fundamental / global macro opinion (I can't even call it analysis) and this completely discounts the trading opportunities over the short-medium and yes even the same longer term. Your opinion may or may not prove right but there is at the moment at least, opportunities to profit from buying (as well as selling the £) and I am sure there will be 2 way flows/opportunities in the...
Problem for me though if GDP news comes out... i still wouldnt buy it.... the i believe the GBPUSD already priced in expecting the GDP comes in better than the 0.1% expectations....
the Real reward comes if GDP news comes in bad shocking the expectations...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,555
  • Apr 24, 2012 4:42pm Apr 24, 2012 4:42pm
Quoting bbmac
Oh dear, you sound as though you have been gang raped by a load of Brits at some stage in the past ! Whatever the case yours is a naive post in that you outline a long term fundamental / global macro opinion (I can't even call it analysis) and this completely discounts the trading opportunities over the short-medium and yes even the same longer term. Your opinion may or may not prove right but there is at the moment at least, opportunities to profit from buying (as well as selling the £) and I am sure there will be 2 way flows/opportunities in the...
I didnt say anything about my trading style or timeframes or if I was long or short. Just my sentiment on the whole looking for pathetic .1 or .2 percent growth for signs of pound strength. I leave that type of trading/speculation to the fundies with micro accounts.

As an american citizen...I attended Cambridge/Queens College for awhile back in the late 90's. England has changed and not for the better.
  • #309,556
  • Apr 24, 2012 5:24pm Apr 24, 2012 5:24pm
Americans using food stamps in Oct 2007 approx 27 million.
At the supposed end of recession in Aug 2009, it was approx 34 million.
It is now 45.8 million. That's a lot.
Come with me if you want to live....
  • #309,557
  • Apr 24, 2012 5:37pm Apr 24, 2012 5:37pm
Quoting Najeeb
The GBP Garlic Spread
najeed its ok normal on news time + you have daily close time also spread wide is notmal
ok...

Good Luck.
Don't compare your Trades with Others
  • #309,558
  • Apr 24, 2012 5:39pm Apr 24, 2012 5:39pm
Quoting nAVIN2007
WE ARE ABOVE THE WEEKLY HIGH..yur ass is toast i think bro
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  • #309,559
  • Apr 24, 2012 5:46pm Apr 24, 2012 5:46pm
Quoting PoundTrader
I hate to say small things amuse small minds but that made me laugh. I wish my computer would do that from time to time, I'd save a fortune on keyboards when I get pissed off.
Come with me if you want to live....
  • #309,560
  • Apr 24, 2012 5:57pm Apr 24, 2012 5:57pm
Quoting PoundTrader
I never seen your name at the bottom before bro, no longer feeling untouchable??
Come with me if you want to live....
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