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Cable Update (GBPUSD)

  • #324,021
  • Sep 11, 2012 6:32am Sep 11, 2012 6:32am
1.2745 is somehow line in the sand on EU

if that one fails we see 1.2670-80 and below

40 pips away

I'll try a long there if charts point out so with a TP @ 1.28-2820 and SL of only 10 pips

I'll also set a sell order there 1.2740-38 in case of a continuation down with SL again some 10 pips
  • #324,022
  • Sep 11, 2012 8:05am Sep 11, 2012 8:05am
Took this long on the eur yen. Bulls seem interested here. gu and eu longs looking good still
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The trend is a better friend!
  • #324,023
  • Sep 11, 2012 8:06am Sep 11, 2012 8:06am
new weekly high..go on my son!!!!!!!

no emotions
  • #324,024
  • Sep 11, 2012 8:11am Sep 11, 2012 8:11am
yeeessss
bullls !!!
and now???? stop long or buy again?
  • #324,025
  • Sep 11, 2012 8:13am Sep 11, 2012 8:13am
Quoting Nick35
yeeessss
bullls !!!
and now???? stop long or buy again?
1.6060 should be in play

if above 1.6120-30
  • #324,026
  • Sep 11, 2012 8:33am Sep 11, 2012 8:33am
please do not forget that in 4 hours time we will have MPC

if long and in profit protect winnings trailing them.

If short protect the balance with a SL.do not risk on the farts of the politicians.

tmr is another day to load either long or short


but tmr is the end of the world so..what the heck....you could as well go all in
  • #324,027
  • Sep 11, 2012 8:39am Sep 11, 2012 8:39am
1,60-6010 I think should go before new hig !
  • #324,028
  • Sep 11, 2012 8:39am Sep 11, 2012 8:39am
Quoting 42uNe
Took this long on the eur yen. Bulls seem interested here. gu and eu longs looking good still
ooops the above should have read DAILY and not WEEKLY.
The trend is a better friend!
  • #324,029
  • Sep 11, 2012 8:41am Sep 11, 2012 8:41am
EU seems to go down 20 pips now

hmmmm unless I have another perfect buy on M1
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  • #324,030
  • Sep 11, 2012 8:53am Sep 11, 2012 8:53am
Bulls are out for sure....
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The trend is a better friend!
  • #324,031
  • Sep 11, 2012 9:01am Sep 11, 2012 9:01am
Quoting redbeben
please do not forget that in 4 hours time we will have MPC

if long and in profit protect winnings trailing them.

If short protect the balance with a SL.do not risk on the farts of the politicians.

tmr is another day to load either long or short


but tmr is the end of the world so..what the heck....you could as well go all in

Now that's too funny. I woke up this morning with EXACTLY that same thought! Put it all on the line and see....
Ghost Rider - WWTBMD?
  • #324,032
  • Sep 11, 2012 10:13am Sep 11, 2012 10:13am
Now that we reached 1.6060 do we go 1.6130 or sharp reversal 100 pips?
  • #324,033
  • Sep 11, 2012 10:19am Sep 11, 2012 10:19am
Quoting redbeben
Now that we reached 1.6060 do we go 1.6130 or sharp reversal 100 pips?

im hoping for higher, up to 1.615 from where i will be selling. If this reverses trend to bear before we forge a new higher high (from late April)then it should spell a new lower low.

Starting to realise the value of the longer term charts more than i used to.
Money never sleeps...
  • #324,034
  • Sep 11, 2012 10:23am Sep 11, 2012 10:23am
i used to think that the fundamentals drove the market and the tech indicators just gave good entry and exit points.

Now i think the long term chart trends just use news to trigger spurts of movement along the path that the longer term charts are forging.

Like in a bull market the bullish news seems to have higher impact and the bearish almost ignored.
Money never sleeps...
  • #324,035
  • Sep 11, 2012 10:28am Sep 11, 2012 10:28am
Look at the bulls shifting gear...go bulls!!!
The trend is a better friend!
  • #324,036
  • Sep 11, 2012 10:31am Sep 11, 2012 10:31am
Quoting inpatient
i used to think that the fundamentals drove the market and the tech indicators just gave good entry and exit points.

Now i think the long term chart trends just use news to trigger spurts of movement along the path that the longer term charts are forging.

Like in a bull market the bullish news seems to have higher impact and the bearish almost ignored.
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  • #324,037
  • Sep 11, 2012 10:31am Sep 11, 2012 10:31am
I'm a long time lurker in this thread. I have a managed account with sells on GU 50% in drawdown. The last time I was in this situation was May(I have revoked the LPOA for when these trades close) but anyway, I wanted to ask if anyone else sees it headed for the descending weekly trendline at 1.6138 area and bouncing down from there. That's what happened in May. Any thoughts?
  • #324,038
  • Sep 11, 2012 10:33am Sep 11, 2012 10:33am
OVER BOUGHT!!.. on the 4h, daily, weeky!!! When will this train slow down.
Impossible = 0
  • #324,039
  • Sep 11, 2012 10:37am Sep 11, 2012 10:37am
Quoting zulemara
I'm a long time lurker in this thread. I have a managed account with sells on GU 50% in drawdown. The last time I was in this situation was May(I have revoked the LPOA for when these trades close) but anyway, I wanted to ask if anyone else sees it headed for the descending weekly trendline at 1.6138 area and bouncing down from there. That's what happened in May. Any thoughts?
Hope to take profit @ 1.6120 and watch what takes place after that at 1.6130-50. Could be strong sell zone.
The trend is a better friend!
  • #324,040
  • Sep 11, 2012 10:42am Sep 11, 2012 10:42am
Quoting bbwoy
OVER BOUGHT!!.. on the 4h, daily, weeky!!! When will this train slow down.
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