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Cable Update (GBPUSD)

  • #312,081
  • May 8, 2012 9:57am May 8, 2012 9:57am
Quoting HoangTuan
Damnnn , GBPX is loading up like a tank that cause sideways movements lol
You do realise Gold is also Tanking right?? and i suspect the Brits are now desperate to a point they are selling their gold reserves to prop up the Pound....
i wonder what happens when the brits runs out and they're still in technical recession....

I wonder when GBPUSD will fall back down to around 1.4 so that GBP can be attractive once more to export their goods and services... because right now... they're having a systemic economic problem here and its called Inflation....
Inflation's been above their target for far too long and the Brits will soon pay the price to keep inflation down... and this will cost the Brits alot to do so since they've waited far too long to address this issue...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,082
  • May 8, 2012 9:59am May 8, 2012 9:59am
Quoting fxshinobi
long 6134 anoyone on board?
:-)
The market will deceive you. Make your own judgement.
  • #312,083
  • May 8, 2012 9:59am May 8, 2012 9:59am
sorry I thought you meant somthing else if your in my camp your my friend ,lol

days not over yet though but daily looking bearish


Quoting Argonod
strange
If you believe in sell at this time, so why did you say that i am incorrect?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,084
  • May 8, 2012 10:00am May 8, 2012 10:00am
1 step at a time bg ,cable in uptrend ,


Quoting bguguen
You do realise Gold is also Tanking right?? and i suspect the Brits are now desperate to a point they are selling their gold reserves to prop up the Pound....
i wonder what happens when the brits runs out and they're still in technical recession....

I wonder when GBPUSD will fall back down to around 1.4 so that GBP can be attractive once more to export their goods and services... because right now... they're having a systemic economic problem here and its called Inflation....
Inflation's been above their target for far too long and the Brits will...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,085
  • May 8, 2012 10:01am May 8, 2012 10:01am
now 15min chart shows triple bottom if we get higher high then uptrend is granted. it will be hard tho ,there are still damn sellers
  • #312,086
  • May 8, 2012 10:02am May 8, 2012 10:02am
i think the highest based on 1h is 6146, 4h is 6158.. just a few pips different. anyone long cable, just be extra careful.

this is just a friendly reminder..
  • #312,087
  • May 8, 2012 10:04am May 8, 2012 10:04am
one thing for sure now is that there is a support barrier at 1.6120 level which holds the price to go down any further.

1.6150 area is being tested . should the price breaks this level, it will add for another confirmation that a continuation trend on the daily is about to happen. :-)
The market will deceive you. Make your own judgement.
  • #312,088
  • May 8, 2012 10:06am May 8, 2012 10:06am
Quoting ninjafx
one thing for sure now is that there is a support barrier at 1.6120 level which holds the price to go down any further.

1.6150 area is being tested . should the price breaks this level, it will add for another confirmation that a continuation trend on the daily is about to happen. :-)
it's almost US session only, i don't think price will move much further to the upside.. daily perhaps will close as bearish candle and might confirm the dark cloud cover on weekly..
  • #312,089
  • May 8, 2012 10:06am May 8, 2012 10:06am
Quoting ninjafx
one thing for sure now is that there is a support barrier at 1.6120 level which holds the price to go down any further.

1.6150 area is being tested . should the price breaks this level, it will add for another confirmation that a continuation trend on the daily is about to happen. :-)
yeah i agree with u we need some buyer strentgh here and eu is still dropping
  • #312,090
  • May 8, 2012 10:07am May 8, 2012 10:07am
Quoting A-speculator
it's almost US session only, i don't think price will move much further to the upside.. daily perhaps will close as bearish candle and might confirm the dark cloud cover on weekly..
i dont want that lol
  • #312,091
  • May 8, 2012 10:09am May 8, 2012 10:09am
Quoting fxshinobi
i dont want that lol
unless u can stop ucad advance, cable will go down imho..
  • #312,092
  • May 8, 2012 10:13am May 8, 2012 10:13am
We have downside still -short term- if correlated with EU.

Careful longs now - just scalp.

She may sneak up on you and..
Attached Image
  • #312,093
  • May 8, 2012 10:13am May 8, 2012 10:13am
Quoting A-speculator
unless u can stop ucad advance, cable will go down imho..
well i watch usindex and eugbp sometimes reference for gu not ucad
  • #312,094
  • May 8, 2012 10:15am May 8, 2012 10:15am
I wish GBPX can be cooperation with USDX to make this chart become more fun , it's boring lol =))
  • #312,095
  • May 8, 2012 10:15am May 8, 2012 10:15am
Quoting TauTrader
We have downside still -short term- if correlated with EU.

Careful longs now - just scalp.

She may sneak up on you and..
we will go down, insyaAllah.. cable has been slow moving compared with fiber these days.. i don't know why but i think upside on cable is very limited.
  • #312,096
  • May 8, 2012 10:16am May 8, 2012 10:16am
Quoting Bones
1 step at a time bg ,cable in uptrend ,
`` Trend'' cable in God hear you!
  • #312,097
  • May 8, 2012 10:16am May 8, 2012 10:16am
Quoting fxshinobi
well i watch usindex and eugbp sometimes reference for gu not ucad
dollar index better correlate with fiber imho. cable is better correlate with commodity especially oil..
  • #312,098
  • May 8, 2012 10:16am May 8, 2012 10:16am
Quoting Nachiket
opened a short at 1.6135. the move in last 2 hrs convinced me to change my view.

interesting.....but you still have not posted a chart....
I don't trust any move - when you have profit...take it.
  • #312,099
  • May 8, 2012 10:18am May 8, 2012 10:18am
Quoting bguguen
You do realise Gold is also Tanking right?? and i suspect the Brits are now desperate to a point they are selling their gold reserves to prop up the Pound....
i wonder what happens when the brits runs out and they're still in technical recession....
You might be too young to remember but the biggest muppet of them all, Gordon Brown sold off a large portion (almost 400 tonnes) of the UK's gold reserves 10 years ago for under $300/oz. Talk about selling the low!!
  • #312,100
  • May 8, 2012 10:18am May 8, 2012 10:18am
Good night friends and fellow traders.

Happy trading. See you again tomorrow :-)
The market will deceive you. Make your own judgement.
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