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Cable Update (GBPUSD)

  • #309,621
  • Apr 25, 2012 4:00am Apr 25, 2012 4:00am
Quoting Nachiket
cable now heading to 1.5750. anybody has any doubts?
http://www.pic4ever.com/images/Just_Cuz_19.gif
  • #309,622
  • Apr 25, 2012 4:00am Apr 25, 2012 4:00am
Quoting nAVIN2007
see that... one after another... before this its just u and me... hurrah.. just like u.. im not follow the news always.. let me guess the result.. 'god save the queen"... u r right... this bearish not going to last long... but 100 - 200 pips south.. u think im just look at it... maybe after that im with u again... we'll going to the north together... or maybe not.. thats depend on the other side off the wall if u know what i mean...
  • #309,623
  • Apr 25, 2012 4:02am Apr 25, 2012 4:02am
Quoting goldenmember
I agree that the pound seems a little strong, but disagree that its needs to be low for Olympic and Jubilee. There will be demand for sterling because of these events such as the Olympics so bankers are bound to price it high so to make the most dollars out of the tourists.
It is not like sterling is in short supply and that they will run out. To encourage tourism in the first place and to encourage tourists to spend money, govts typically prefer a weaker currency. if the host currency is expensive, tourists are less likely to engage in commerce. Don't see where bankers fit into this.
  • #309,624
  • Apr 25, 2012 4:03am Apr 25, 2012 4:03am
Quoting PoundTrader
you think the big boys setting a trap http://www.pic4ever.com/images/129fs3867689.gif
well i think the big boy's trap was the whole of last week... this week with the big funds back in the market... im pretty sure we're gona sell back all the way down to where the up move initiated... arond 5850-5900 area
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,625
  • Apr 25, 2012 4:03am Apr 25, 2012 4:03am
Quoting bguguen
YEA... but then the tourists will spend a lot less in the UK... they wont make the best of the events if they make their pound too high...
reason???

Well GDP is formulated my this formula

AD = C+I+G+(X-M)

the Pound demand for tourist to come from UK is gona boost X, or UK's Exports, that'll increase AD, but if the Pound is too strong... X wont be as large, and also C gets affected too... Strong GBP makes C (consumer spending) in this case the tourists spending spree to decrease...

MARK my words.... UK WILL slip further into recession if they...
I don't think people think that far ahead. They just want to make the most money as quick as possible, and that means overcharging the influx of tourists and increased activity during the Olympics. If you were a money changer, and you knew that lots of people were to come over to London this summer, you would be charging lots for your sterling, no matter what.
  • #309,626
  • Apr 25, 2012 4:03am Apr 25, 2012 4:03am
discounted price ......
Quoting Nachiket
cable now heading to 1.5750. anybody has any doubts?
not euphoria follower
  • #309,627
  • Apr 25, 2012 4:04am Apr 25, 2012 4:04am
Quoting Nachiket
cable now heading to 1.5750. anybody has any doubts?
i have no doubt because i have a sell at 1.583. i have build up a lot of sell position till now
my TP at 1.5790.
  • #309,628
  • Apr 25, 2012 4:05am Apr 25, 2012 4:05am
Quoting bguguen
well i think the big boy's trap was the whole of last week... this week with the big funds back in the market... im pretty sure we're gona sell back all the way down to where the up move initiated... arond 5850-5900 area
i do see 1.5940 by the end of week, if it breaks 1.5054 base on price action, il be waiting http://www.pic4ever.com/images/127fs1866968.gif
  • #309,629
  • Apr 25, 2012 4:06am Apr 25, 2012 4:06am
Quoting Tiraje
i'm waiting for that bulish trend to break in h1
price is now between 61.8% retracement from 1.6740 to 1.5233 at 1.6162 and 100% fib expansion from 1.5270 to 1.6164 and 1.5233 at 1.6130
it also touches the upper triangle and an old bearish trendline
before & after
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fx1.png Size: 44 KB
Click to Enlarge Name: fx3.jpg Size: 207 KB
  • #309,630
  • Apr 25, 2012 4:07am Apr 25, 2012 4:07am
kill the ego .... kill the ego .... come on .....
not euphoria follower
  • #309,631
  • Apr 25, 2012 4:08am Apr 25, 2012 4:08am
Quoting iqyu5an
kill the ego .... kill the ego .... come on .....
WTF are you talking about http://www.pic4ever.com/images/2cf37ep.gif
  • #309,632
  • Apr 25, 2012 4:08am Apr 25, 2012 4:08am
Quoting iqyu5an


your lot aniway... have u calculated your risk brother ?

i know your account is your account ... but money management ? again congrats aniway .....


Oh no......i forgot to cover the lot size...but you know it anway.....,,,,,,
my equity is something allowed to be risked anyway.....but i will try to manage better after this......


Waduh bro....kok ngikut sih itu lotnya.....
itu equity masih akumulasi profitku dari trading sebelumnya....kedepan nggak aku ulangi bro jantungan........sayang jantung...heheheheheh
  • #309,633
  • Apr 25, 2012 4:08am Apr 25, 2012 4:08am
bearish master engulf x 17 thrust on last 1hr close and downside breech of steepst 4hr ascending trend line. Immediately downside of this:

[ 6089-84 5 fib cluster incl 6084 = Daily S2 @/around
[ 6084-75 prev 4hr/1hr sw lo zone
6076 23.6% 5769-6172
6074-59 prev minor 4hr/1hr sw hi zone incl 6069-65 3 x fibs, and 6060 = Daily S3 @/around
6056-52 2 x fibs
[ 6049-23 prev Daily sw hi zone (non-immed) incl 6046 = 76.4% 6007-6172, 6036-31 = 5 x fibs, and 6029= Weekly Pivot,
[ 6045-41-36 prev 4hr/1hr sw lo zone
6018-15 2 x fibs
6016-07 prev 4hr/1hr sw lo zone
5999 61.8% 5893-6172
5993-88 2 x fibs
5989-82 prev minor 1hr sw hi zone
[ 5982-66 prev minor Daily/4hr sw hi zone (non-immed) incl 5979 = 61.8% 5861-6172, and 5969=50% 5769-6172
[ 5970-62 prev 1hr sw lo zone
[ 5966-56 prev 4hr/1hr sw hi zone incl 5959 = 76.4% 5893-6172
5953-45 4 x fibs
5949-47 prev minor 1hr sw hi zone (non-immed)
5949-47 prev minor 1hr sw hi zone (non-immed)
5934-32 prev minor 1hr sw hi zone (non-immed) incl 5934 = 2 x fibs
5923 61.8% 5769-6172
5910-5893 prev 4hr/1hr sw lo zone incl 5910 = Weekly S1 @/around, 5906 5900= 76.4% 5817-6172
5885-80 ascending Daily t/line on present 4hr candle incl 5885 = 50% 5601-6172, and 5882 = Monthly Pivot @/around and 76.4% 5805-6172
5875-66-61 prev 4hr/1hr sw lo zone incl 5867=fib, 5863=fib and 5859=fib

Mostly I haven't named the fibs but they are the major daily 4hr and 1hr swings up to 6172 from 5234

To the immediate upside per near-term current 1hr screenshot below
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 86 KB
ex member
  • #309,634
  • Apr 25, 2012 4:11am Apr 25, 2012 4:11am
Quoting goldenmember
I don't think people think that far ahead. They just want to make the most money as quick as possible, and that means overcharging the influx of tourists and increased activity during the Olympics. If you were a money changer, and you knew that lots of people were to come over to London this summer, you would be charging lots for your sterling, no matter what.
yea but then... the insignificant tourists whos gona buy sterling at different price points wont really mean much for the banker's profits...

its the bulk buyers when the Pound falls which puts the really big chunk of profit

Heres whats happening... because the big boys know that they cant keep the Pound high and yet they know theres gona be huge demand for Pound if the pound falls... what they do is to drive the Pound as high as possible just to trigger a Sell, so that they can let the Pound to depreciate to meet the Buyers Below.... otherwise why do you think is the reason why there was no Retracement the whole of Last week's Up move?? simply because theres no demand down there yet... the hedge fund guys weren't back from their Easter Egg Hunt...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #309,635
  • Apr 25, 2012 4:12am Apr 25, 2012 4:12am


***

sip...nyante aja tradingnya jangan keburu nepsong....nti broker seneng banget ma kita hehehheheh
Quoting Red Alert
Oh no......i forgot to cover the lot size...but you know it anway.....,,,,,,
my equity is something allowed to be risked anyway.....but i will try to manage better after this......


Waduh bro....kok ngikut sih itu lotnya.....
itu equity masih akumulasi profitku dari trading sebelumnya....kedepan nggak aku ulangi bro jantungan........sayang jantung...heheheheheh
not euphoria follower
  • #309,636
  • Apr 25, 2012 4:13am Apr 25, 2012 4:13am
http://www.pic4ever.com/images/5yjbztv.gif enjoy your pips guys.
  • #309,637
  • Apr 25, 2012 4:17am Apr 25, 2012 4:17am
Quoting MonsterPips
i have no doubt because i have a sell at 1.583. i have build up a lot of sell position till now
my TP at 1.5790.
ow ....what???????????????, ow...ow...ow...nothing i can say about you....... , but let's pray anyway...at least at the moment i have the same expextation with you, .......
  • #309,638
  • Apr 25, 2012 4:17am Apr 25, 2012 4:17am
Short Position Closed.....going to bed now.....

@Red Alert - Sorry - I just saw your PM - I will respond.....but looks like things worked out for you - talk soon. Sorry I did not see message sooner.

Faller
Attached Image (click to enlarge)
Click to Enlarge Name: gdpuk.png Size: 92 KB
I don't trust any move - when you have profit...take it.
  • #309,639
  • Apr 25, 2012 4:23am Apr 25, 2012 4:23am
http://www.pic4ever.com/images/126fs422682.gifhttp://www.pic4ever.com/images/126fs422682.gif
not euphoria follower
  • #309,640
  • Apr 25, 2012 4:23am Apr 25, 2012 4:23am
I bet all those that have been building up short positions since, oh I don't know 5234 area (lol !) may start to breathe again ?

G/L
ex member
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