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Cable Update (GBPUSD)

  • #317,661
  • Jun 28, 2012 3:55am Jun 28, 2012 3:55am
gee, i forgot tommrow is friday, so im done for the week. i see bulls are making a charge again, as long at it doesnt cross 1.5595 it will be bearish
  • #317,662
  • Jun 28, 2012 3:57am Jun 28, 2012 3:57am
Quoting PoundTrader
this trade has been close by me at 1.5532, im done till i get EOD data, thanks bbking
why me??!
i didn't anything...
indeed i read your post wrong, i had 5623 in my mind but your stop was 5673...

anyway, still no candle closed below interbank lows (5540-5) unless she does now in next minutes or next candle.
gdp data slightly bad.

i still believe that near 5480-60 is best area to look for longs but becoming scary now. i thought to see price straight there with gdp data. uhm.

oh well, week ended for me.
byebye, good luck
90% of traders use TA, indicators and prediction
  • #317,663
  • Jun 28, 2012 4:00am Jun 28, 2012 4:00am
Quoting _BBKing_
why me??!
i didn't anything...
indeed i read your post wrong, i had 5623 in my mind but your stop was 5673...

anyway, still no candle closed below interbank lows (5540-5) unless she does now in next minutes or next candle.
gdp data slightly bad.

i still believe that near 5480-60 is best area to look for longs but becoming scary now. i thought to see price straight there with gdp data. uhm.

oh well, week ended for me.
byebye, good luck
just having some fun, i thought you was making fun of me
  • #317,664
  • Jun 28, 2012 4:05am Jun 28, 2012 4:05am
look at that bull run, how far up you think she will go?
  • #317,665
  • Jun 28, 2012 4:05am Jun 28, 2012 4:05am
I think UK will get downgraded....
Even their banks cant be trusted...
http://www.bbc.co.uk/news/business-18622264
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,666
  • Jun 28, 2012 4:08am Jun 28, 2012 4:08am
Quoting Makavelli7
Gu is in a state of total indecision, and at times like this, my money stays where it should be, IN MY F...... BANK!!
just checkd again, Its still there!
The only way not to think about money is to have a great deal of it
  • #317,667
  • Jun 28, 2012 4:09am Jun 28, 2012 4:09am
Quoting Makavelli7
just checkd again, Its still there!
thats funny
  • #317,668
  • Jun 28, 2012 4:11am Jun 28, 2012 4:11am
Quoting PoundTrader
just having some fun, i thought you was making fun of me
lol
no no...
as i said, when i saw your post i did it wrong, reading 5623 instead of 5673. i don't know what was in my mind, maybe a cat.
anyway, i learned to use always the same lot size, since when i did with lower size in the past, was to justify the non-confidence in a trade, just like giving more balance to an im-balanced thing.... but this is just my opinion! that is what i meant with my quote

i admit that the move to 5623 has something that smells inside.... and also the move pre-gdp data is not very clear to me.
looks like there is very thin liquidity and someone is doing just what he prefer.
forex market is crazy!
90% of traders use TA, indicators and prediction
  • #317,669
  • Jun 28, 2012 4:12am Jun 28, 2012 4:12am
Quoting PoundTrader
look at that bull run, how far up you think she will go?
1.5930 next week IMO
90% of traders use TA, indicators and prediction
  • #317,670
  • Jun 28, 2012 4:18am Jun 28, 2012 4:18am
Quoting _BBKing_
lol
no no...
as i said, when i saw your post i did it wrong, reading 5623 instead of 5673. i don't know what was in my mind, maybe a cat.
anyway, i learned to use always the same lot size, since when i did with lower size in the past, was to justify the non-confidence in a trade, just like giving more balance to an im-balanced thing.... but this is just my opinion! that is what i meant with my quote

i admit that the move to 5623 has something that smells inside.... and also the move pre-gdp data is not very clear to me.
looks...
lowering my lot size was a win win for me, because if my s/l got hit i was still up for the week, if my t/p got hit it would of been more pips for the week.
  • #317,671
  • Jun 28, 2012 4:18am Jun 28, 2012 4:18am
Quoting _BBKing_
1.5930 next week IMO
  • #317,672
  • Edited 4:24am Jun 28, 2012 4:22am | Edited 4:24am
jokes a part, this is what i see in charts

...unless price holds here again 5540....
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.jpg Size: 66 KB
90% of traders use TA, indicators and prediction
  • #317,673
  • Jun 28, 2012 4:23am Jun 28, 2012 4:23am
Did anyone not realize that the UK GDP fell to -0.3%??
Thats compounded... so an already shrank economy of -0.1% and now a further -0.3%, the UK economy needs to probably churn up atleasat 0.5% next quarter to break even...
UK in recession, and UK is going to print money,

barclays bank also got caught for dishonest manipulaiton of interest rates...

All this leads to my conclusion that UK will sooner or later lose their AAA rating, and the GBP will lose strength

Whether you believe me or not... up to you...
This is just the Fundies
and for Techs... I dont want to say i told you so... but my TARGET for GBPUSD is still 1.50
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,674
  • Jun 28, 2012 4:29am Jun 28, 2012 4:29am
Quoting PoundTrader
lowering my lot size was a win win for me, because if my s/l got hit i was still up for the week, if my t/p got hit it would of been more pips for the week.
yes i know, this is alo true!
anyway, managing well with lot size is not that easy! at least not for me, not yet.
in your case is a good idea: keep profits even if wrong!
well done!
90% of traders use TA, indicators and prediction
  • #317,675
  • Jun 28, 2012 4:33am Jun 28, 2012 4:33am
Quoting bguguen
Did anyone not realize that the UK GDP fell to -0.3%??
Thats compounded... so an already shrank economy of -0.1% and now a further -0.3%, the UK economy needs to probably churn up atleasat 0.5% next quarter to break even...
UK in recession, and UK is going to print money,

barclays bank also got caught for dishonest manipulaiton of interest rates...

All this leads to my conclusion that UK will sooner or later lose their AAA rating, and the GBP will lose strength

Whether you believe me or not... up to you...
This is just the Fundies
and...
yes again loss in gdp UK.
personally i don't know what could happen if boe prints more money or will increase their bond-buying. i mean: could also give a boost to economy and so also confidence in GBP.
this is the problem in following only fundies.
if fundies say that a big moves come, better search it in techs: if techs say down, so the move will be down and opposite.
actually middle 54 area looks promising. let's see..

what about later NY data? a worst usa gdp could give a slap to USD bulls.... isn't it?
90% of traders use TA, indicators and prediction
  • #317,676
  • Jun 28, 2012 4:34am Jun 28, 2012 4:34am
Quoting PoundTrader
1.5593 is the limit.if we close above that one we see 1.5611

1.5777 and above it 1.5906 ...later 1.6060 and 1.628X area

I don't want to be and idiot here but I can ''GUARANTEE'' 1.6060 level

but ....dunno when...

for now I will be pleased to see 1.5593 so I can lock some pips then I can go to sleep

p.s. is anyone here a position trader ? I mean anybody else trying to be brave like me and hold a position for more than 50 pips ?
  • #317,677
  • Jun 28, 2012 4:37am Jun 28, 2012 4:37am
Quoting _BBKing_
yes again loss in gdp UK.
personally i don't know what could happen if boe prints more money or will increase their bond-buying. i mean: could also give a boost to economy and so also confidence in GBP.
this is the problem in following only fundies.
if fundies say that a big moves come, better search it in techs: if techs say down, so the move will be down and opposite.
actually middle 54 area looks promising. let's see..

what about later NY data? a worst usa gdp could give a slap to USD bulls.... isn't it?
Well heres the thing... UK in negative GDP...
even if US GDP falls i suspect it stays Positive...
Investors dont really care when they trade wether if the coming USD GDP is gona come out shit...

the USD has an advantage, nearly the whole world uses it as a medium today.... so when investors hold stuff like GDP, regardless if GDP fell in US or not...
Investors would definitely flood to the economy with a Higher GDP...

atleast US is growing better than UK even if US gdp may slow... still growing... against UK's Shrinking....
which one will you pick??
We all know the GBP and the USD and the EURO are all falling... but if you are forced to choose one of these 3... you choose the lesser of all evils....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #317,678
  • Jun 28, 2012 4:38am Jun 28, 2012 4:38am
Quoting redbeben
1.5593 is the limit.if we close above that one we see 1.5611

1.5777 and above it 1.5906 ...later 1.6060 and 1.628X area

I don't want to be and idiot here but I can ''GUARANTEE'' 1.6060 level

but ....dunno when...

for now I will be pleased to see 1.5593 so I can lock some pips then I can go to sleep

p.s. is anyone here a position trader ? I mean anybody else trying to be brave like me and hold a position for more than 50 pips ?
yep i can GUARANTEE we will see 1.5000 and 1.6000 again, i just don't know when but trust me will will see those prices gain i bet my life on it
  • #317,679
  • Jun 28, 2012 4:39am Jun 28, 2012 4:39am
and 1.2514 on EU

so here I buy again 1.2429 TP 1.2512(spread)

and also buy Gold for 11 USD
1567.45 TP 1578.75
  • #317,680
  • Jun 28, 2012 4:40am Jun 28, 2012 4:40am
Quoting PoundTrader
yep i can GUARANTEE we will see 1.5000 and 1.6000 again, i just don't know when but trust me will will see those prices gain i bet my life on it
you promise ?
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