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Cable Update (GBPUSD)

  • #328,901
  • Nov 2, 2012 4:39am Nov 2, 2012 4:39am
Quoting Nachiket
50.9 from where did this come
Chartered Institute of Purchasing & Supply

It's an index, 50 means it didn't get better or worse
  • #328,902
  • Nov 2, 2012 4:39am Nov 2, 2012 4:39am
no big surprise - most uk data recently has been coming in above expectations - market reacts accordingly on the knee-jerk. Can it sustain it ?

G/L

Quoting Nachiket
50.9 from where did this come
ex member
  • #328,903
  • Nov 2, 2012 4:40am Nov 2, 2012 4:40am
Quoting Nachiket
50.9 from where did this come
I've said for a while now, lots of construction in uk pushed by govt and supported by private companies. UKs usual way to try and get out of recession.
  • #328,904
  • Nov 2, 2012 4:40am Nov 2, 2012 4:40am
absolutely !

G/L

Quoting walkman
"it does it all the time" - Mark Douglas
ex member
  • #328,905
  • Nov 2, 2012 4:41am Nov 2, 2012 4:41am
hi i have pending short at 6110 to 6060 target

GL
Learning Requires Failure
  • #328,906
  • Nov 2, 2012 4:44am Nov 2, 2012 4:44am
Quoting walkman
also should pay attention on this line and fibo 23
...
Attached Image
  • #328,907
  • Nov 2, 2012 4:44am Nov 2, 2012 4:44am
Quoting tirmizi
hi i have pending short at 6110 to 6060 target

GL

traders are surprised due to good news for UK Oct Construction PMI 50.9, up from 49.5, but the insiders know this earlier and i think they have already priced in for time being at 6174 high, personally i do think pound need to go higher against all major currencies but it should need dip now towards 6060 at least, just my experience
Learning Requires Failure
  • #328,908
  • Nov 2, 2012 4:52am Nov 2, 2012 4:52am
Quoting tirmizi
hi i have pending short at 6110 to 6060 target

GL
even i have a short position in 6087 and targetting 6057.i hope pound falls down.But the recent news turned to be good for Gbp.hope the unemployment rate and non farm news will help me to fall .
  • #328,909
  • Nov 2, 2012 4:56am Nov 2, 2012 4:56am
Quoting zoomfire
even i have a short position in 6087 and targetting 6057.i hope pound falls down.But the recent news turned to be good for Gbp.hope the unemployment rate and non farm news will help me to fall .
don't know nfp is the kep. 1.6075 will give way to 1.6036 and then 1.5997. I am not even thinking of 1.5914 that trap area last time around.

On the upside it needs to break 1.6120 and then 1.6143 again.
  • #328,910
  • Nov 2, 2012 5:01am Nov 2, 2012 5:01am
Quoting tirmizi
traders are surprised due to good news for UK Oct Construction PMI 50.9, up from 49.5, but the insiders know this earlier and i think they have already priced in for time being at 6174 high, personally i do think pound need to go higher against all major currencies but it should need dip now towards 6060 at least, just my experience
Yes, the news will only take it so far, the market has a direction. Its currently in a dog fight between trend lines. Also have a feeling that GBP could start to be seen as a bit of a safe haven hence the pound gaining versus the euro. Also bullish indicators on h1 down Will stand aside until I see this break either way.
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  • #328,911
  • Nov 2, 2012 5:15am Nov 2, 2012 5:15am
Classic buyers stop hunt for liquidity then re earlier post and dip to current daily lo - helped by Uk data reaction - at that current daily lo classic bullish divergence patterns in oscillators from 3min - 15min, 10min shown below...

Price testing that previosu 1hr minor swing loi zone now (ie previous support = potential resistance (SBR)

How strong are the £ bulls here ?

Roll on NFP lol !

G/L
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ex member
  • #328,912
  • Nov 2, 2012 5:19am Nov 2, 2012 5:19am
Quoting bbmac
How strong are the £ bulls here ?

Roll on NFP lol !

G/L
not also £ bulls

EU also fighting
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  • #328,913
  • Nov 2, 2012 5:43am Nov 2, 2012 5:43am
Yeh saw that 1hr PB on eurusd....A fairly typicaly pre-NFP market then in gbpusd...price seems attarcted to that congestion zone with one false downside break and now 2 false upside breaks and a return to it - is the higher 2nd upside break on 5min a clue to a sustained pre-nfp upside break ? Time will tell.

G/L

Quoting walkman
not also £ bulls

EU also fighting
Attached Image
ex member
  • #328,914
  • Nov 2, 2012 5:50am Nov 2, 2012 5:50am
Good day,

I have added @ 1.2880 towards 1.2943

Regards
  • #328,915
  • Nov 2, 2012 6:06am Nov 2, 2012 6:06am
here

Quoting walkman
not also £ bulls

EU also fighting
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,916
  • Nov 2, 2012 6:11am Nov 2, 2012 6:11am
lol


Quoting bbmac
Perhaps 3min best shows the ' chop ' on the lower t/f's so far this london session.

G/L
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,917
  • Nov 2, 2012 6:12am Nov 2, 2012 6:12am



Quoting Ill-b-back
Thanks, this is a 4hr entry, the daily has been bothering me for quite sometime though

Got to get to work.

Goodluck
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #328,918
  • Nov 2, 2012 6:13am Nov 2, 2012 6:13am
Quoting TauTrader
Good day,

I have added @ 1.2880 towards 1.2943

Regards
mr t i see south

cable 1.6 coming
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  • #328,919
  • Nov 2, 2012 6:16am Nov 2, 2012 6:16am
Quoting TauTrader
Good day,

I have added @ 1.2880 towards 1.2943

Regards
Where's your SL? My view is bearish.. 1.2830 will be tested .. today..
  • #328,920
  • Nov 2, 2012 6:17am Nov 2, 2012 6:17am
no haha


Quoting walkman
and gu and eu on a buy.

Need confirmation on smaller TF

of course it can break, but...
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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