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Cable Update (GBPUSD)

  • #328,421
  • Oct 26, 2012 8:01am Oct 26, 2012 8:01am
Quoting bbakker
I closed my GU short and went long on EU

http://gyazo.com/416ce2701794381b2114b6d741a41a02

Let's see what happens!
LOL.....
Ghost Rider - WWTBMD?
  • #328,422
  • Oct 26, 2012 8:02am Oct 26, 2012 8:02am
GDP figures mildly positive - probably less than the market hoped for. But the inflation figures should give pause for thought, shouldn't they? 2.8 q/q vs. 2.0 forecast. Might stay the Fed's hand on QE, and what would be the usual knee-jerk reaction to that? Good for the $, no?
  • #328,423
  • Oct 26, 2012 8:09am Oct 26, 2012 8:09am
Quoting Antiromantic
Very different Idea ... I am feeling opposite ...Good Luck with your trade
My trade will be closed before market close... just squeezing a few pips out of the turd!
  • #328,424
  • Oct 26, 2012 8:13am Oct 26, 2012 8:13am
Quoting bbakker
My trade will be closed before market close... just squeezing a few pips out of the turd!
Am i the only one who thinks a sell off gna happen either in new york afternoon or asia monday??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #328,425
  • Oct 26, 2012 8:13am Oct 26, 2012 8:13am
gbpusd moving with a bullish flag,will it go up?
but the gdp news was positive,so good for usd .confused now.will it go up or down??
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  • #328,426
  • Oct 26, 2012 8:19am Oct 26, 2012 8:19am
Quoting zoomfire
gbpusd moving with a bullish flag,will it go up?
but the gdp news was positive,so good for usd .confused now.will it go up or down??
Up, down, up, down... the big boys like to fcuk with your mind!

It hasn't taken out last week's high yet...

Bring up the h4 and look how many candles it was here last time before the big drop... sometimes it takes time you know before price turns.

For me, it is too many bars now for a flag continuation pattern. If it does go up, I would sell into it but being a Friday today I think any big moves down will not come until next week now. Plenty of time to find a sell next week.
  • #328,427
  • Oct 26, 2012 8:20am Oct 26, 2012 8:20am
Quoting fxtyrant
Am i the only one who thinks a sell off gna happen either in new york afternoon or asia monday??
Next week now...
  • #328,428
  • Oct 26, 2012 8:23am Oct 26, 2012 8:23am
All day playing around this level ,no movement ..
Attached Image (click to enlarge)
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  • #328,429
  • Oct 26, 2012 8:30am Oct 26, 2012 8:30am
Quoting bbakker
I closed my GU short and went long on EU

http://gyazo.com/416ce2701794381b2114b6d741a41a02

Let's see what happens!
Now who's chicken? lol

(£ looking horribly resilient, mind you. The bears all seem to have wandered into the woods - I'm hoping they're just doing what bears do in the woods, and will be back - soon!)
  • #328,430
  • Oct 26, 2012 8:35am Oct 26, 2012 8:35am
Quoting Typeface
Now who's chicken? lol

(£ looking horribly resilient, mind you. The bears all seem to have wandered into the woods - I'm hoping they're just doing what bears do in the woods, and will be back - soon!)
LOL

If it was going to go down, I expected it to on the GDP data. When it came out, I felt it was a $ sell.

I will look for sells on this pair again next week. There's plenty of time!
  • #328,431
  • Oct 26, 2012 9:02am Oct 26, 2012 9:02am
Quoting bbakker
I closed my GU short and went long on EU

http://gyazo.com/416ce2701794381b2114b6d741a41a02

Let's see what happens!
Trade closed for 30 pips... another good week and this month could be one of my best months ever... I say could be because we still have 3 trading days left this month and I could lose it all

That's it from me... have a great weekend!

P.S. I am joking about losing it all... If I do, I would need shooting... LOL
  • #328,432
  • Oct 26, 2012 9:17am Oct 26, 2012 9:17am
Crazy spike... It breaks the resistence level
  • #328,433
  • Oct 26, 2012 9:19am Oct 26, 2012 9:19am
GU has broken the trend line
  • #328,434
  • Oct 26, 2012 9:21am Oct 26, 2012 9:21am
its heading north as see it
  • #328,435
  • Oct 26, 2012 9:26am Oct 26, 2012 9:26am
So close to selling that double top! But as it is Friday and I've shut up shop, I didn't... see where we are on Sunday open!
  • #328,436
  • Oct 26, 2012 9:28am Oct 26, 2012 9:28am
its really a crazy spike !!!!
  • #328,437
  • Oct 26, 2012 9:29am Oct 26, 2012 9:29am
Quoting dozyjones
GU has broken the trend line
False break - just some stophunting, I imagine. The market may turn up, but I don't see why it should be dictated to by some random marketmaker looking to catch a few stops.

That's what I'm hoping, anyway...

Still short - the buggers didn't get MY stop (whisper it).
  • #328,438
  • Oct 26, 2012 9:31am Oct 26, 2012 9:31am
possible fake break. but anyway it will be some move up.
we will try to caught it
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  • #328,439
  • Oct 26, 2012 9:31am Oct 26, 2012 9:31am
Quoting dozyjones
its really a crazy spike !!!!
It's a classic retailers trap! They see green, buy and before they know it, they are in the red!

Have a great weekend!
  • #328,440
  • Oct 26, 2012 9:41am Oct 26, 2012 9:41am
if I understand correctly what just happened in the gbp is 1.6140 was tried to break but unsuccessful attempt reversed the entire swing and now 1.6095 is in danger break of which targets 1.6060. robots playing their part again
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