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Cable Update (GBPUSD)

  • #318,621
  • Jul 12, 2012 6:32am Jul 12, 2012 6:32am
Yea support at 5250
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #318,622
  • Jul 12, 2012 6:34am Jul 12, 2012 6:34am
right

Quoting PoundTrader
im looking for a breakout either way, there is no strong trend up or down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #318,623
  • Jul 12, 2012 6:39am Jul 12, 2012 6:39am
Quoting Bones
Yea support at 5250
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Come with me if you want to live....
  • #318,624
  • Jul 12, 2012 6:56am Jul 12, 2012 6:56am


1.5 I think is target over next few weeks
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #318,625
  • Jul 12, 2012 7:02am Jul 12, 2012 7:02am
i m glad
  • #318,626
  • Jul 12, 2012 7:08am Jul 12, 2012 7:08am
Quoting simwee_1312
i m glad
from yesterday sorry
  • #318,627
  • Jul 12, 2012 7:33am Jul 12, 2012 7:33am
risk off big time
  • #318,628
  • Jul 12, 2012 7:38am Jul 12, 2012 7:38am
I agree, everything seems to go down lately

Quoting Bones


1.5 I think is target over next few weeks
  • #318,629
  • Jul 12, 2012 7:59am Jul 12, 2012 7:59am
scalp
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  • #318,630
  • Jul 12, 2012 8:52am Jul 12, 2012 8:52am
Quoting taomql4
" Fundies " are lagging indicators , really .. The end results are already baked on the charts... No " ECB interest rate cut" can stop that Distribution on Gu ( 18 days in the making ...) If folks @1.5484 (4hr support ) can't stop it , then it's left to traders @ 1.5318 (...and they are on shaky grounds , so close to the Distribution phase )

Edit ;
BTW , I don't even know what happened with the decision , didn't bother checking..lol
Well , they gave it their best shot ....
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  • #318,631
  • Jul 12, 2012 8:55am Jul 12, 2012 8:55am
sniff sniff.......smell something?
I don't trust any move - when you have profit...take it.
  • #318,632
  • Jul 12, 2012 9:09am Jul 12, 2012 9:09am
Hi guys...It's been a long time...

Just a doubt...What are Guys who are holding there broker currency in Eur and GBP are doing?

R u guys shifting your holding currency to CHF or SGD? r else playing with double Edged sword?

Cheers
Prakash
I am a hunter...i kill both bulls and bears...
  • #318,633
  • Jul 12, 2012 9:18am Jul 12, 2012 9:18am
Quoting CNTrader
Just took a short on GU. These are just a few of my thoughts on how it could play out that I drew on my chart. Red line is SL and green lines are targets and white lines are areas where i will add to short. Lower white line i add to winning trade and upper white line I add to a trade in a little draw down at a better price. This is a trend continuation trade with the expectation that an AB=CD pattern (aqua lines) will complete at the same area of structure that a Bat pattern may complete which may provide an opportunity to go long for a few potentially...

Target 1 attained
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #318,634
  • Jul 12, 2012 9:22am Jul 12, 2012 9:22am
Quoting oathbreaker
Hi guys...It's been a long time...

Just a doubt...What are Guys who are holding there broker currency in Eur and GBP are doing?

R u guys shifting your holding currency to CHF or SGD? r else playing with double Edged sword?

Cheers
Prakash
It really depends, I don't have it in Euro but I should as euro going down my currency is going down as well - ergo getting more for less. so not bad for many
swing it!
  • #318,635
  • Jul 12, 2012 9:35am Jul 12, 2012 9:35am
lol like your style
Did you look at how the Aud is going ,im thinking good to sell the Aud

Quoting taomql4
Well , they gave it their best shot ....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #318,636
  • Jul 12, 2012 9:36am Jul 12, 2012 9:36am
Quoting tomspin
It really depends, I don't have it in Euro but I should as euro going down my currency is going down as well - ergo getting more for less. so not bad for many
Ya got it pal...Thanks...

It's for everyone for the guys in Europe...Don't trust your Government those guys are bunch of loosers...They prey on you...so diversify your assets out of europe...

Rite now,i hope you can invest in Asian and Latin countries which are having at least modest growth than contraction...

It's my prospective... just think European Guys are paying 50% of there income as tax and after that they have 50% of the income.Even in the left out income govt. want 21% Tax in the form of VAT.Really,I hate this govt. which work for 5% of powerful people.The rest of the 95% population paying for there well fare.I don't Understand y the same thing repeats...Yes the signs are same as that of fall of roman empire...But in New era and new technology..History is repeating...
Keep your family safe and happy trading....
I am a hunter...i kill both bulls and bears...
  • #318,637
  • Jul 12, 2012 9:44am Jul 12, 2012 9:44am
GJ
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #318,638
  • Jul 12, 2012 9:53am Jul 12, 2012 9:53am
Quoting Bones
lol like your style
Did you look at how the Aud is going ,im thinking good to sell the Aud
Aussie?

Not Really , I'm really a GU enthusiast ...
  • #318,639
  • Jul 12, 2012 9:53am Jul 12, 2012 9:53am
ok now...if we close under 1.5404 then we go to 1.5310-20 maybe even 1.5270

If we don't close daily below I add long
  • #318,640
  • Jul 12, 2012 9:55am Jul 12, 2012 9:55am
Quoting bguguen
because im a long term trader and my expectations is to see GBPUSD down to 1.5210 on Dollar strength and dollar strength alone... Today as we see a Strong Demand for USD... thing will go smoothly now... dont worry... 5660 and 5450 where i take my profit
and 5210 is where i want the support to be tested there...
Otherwise.. everything is just bullshit...
this 200 pip above 5660 is all bullshit move anyways... besides i can handle the drawdown so dont try lecture me... you have much to learn before you try anything funny with me my friend...

but...
Quote from the Classic of Classics (Look at the Date...)... if people knew me around these forums i even said GBPUSD End of YEar target 1.50
LOL on Dollar strength and Dollar Strength alone.... LOL boy...
Good luck folks....
We live in a finite world with infinite possibilities.
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