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Cable Update (GBPUSD)

  • #329,841
  • Nov 14, 2012 4:28pm Nov 14, 2012 4:28pm
Quoting Ill-b-back
Aaa haa, ok, good news then
Talk about news.... Oh boy....

http://www.forexlive.com/blog/2012/1...annual-report/

I mean i've been a BIG UK RATINGS bear.... ive been calling for UK to lose their AAA credit rating since.... (i forgot since its been soooo long...)
We live in a finite world with infinite possibilities.
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  • #329,842
  • Nov 15, 2012 12:24am Nov 15, 2012 12:24am
Quoting fxtyrant
Talk about news.... Oh boy....

http://www.forexlive.com/blog/2012/1...annual-report/

I mean i've been a BIG UK RATINGS bear.... ive been calling for UK to lose their AAA credit rating since.... (i forgot since its been soooo long...)
More to come brother, more to come

I've got to take a shit..
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Come with me if you want to live....
  • #329,843
  • Nov 15, 2012 1:47am Nov 15, 2012 1:47am
http://www.pic4ever.com/images/Just_Cuz_19.gif
  • #329,844
  • Nov 15, 2012 2:03am Nov 15, 2012 2:03am
Quoting PoundTrader
http://www.pic4ever.com/images/Just_Cuz_19.gif
Crikey dude, where you been man??
Come with me if you want to live....
  • #329,845
  • Nov 15, 2012 2:14am Nov 15, 2012 2:14am
temporary bottom 5830-50
...IMO!

if no disappointing retail sales data, we go near 5900 again.
disappointing retail sales data = bulls slaughter.

....
90% of traders use TA, indicators and prediction
  • #329,846
  • Nov 15, 2012 2:36am Nov 15, 2012 2:36am
Quoting Ill-b-back
Crikey dude, where you been man??
im around
  • #329,847
  • Nov 15, 2012 2:42am Nov 15, 2012 2:42am
Quoting _BBKing_
temporary bottom 5830-50
...IMO!

if no disappointing retail sales data, we go near 5900 again.
disappointing retail sales data = bulls slaughter.

....

Can you please explain what you mean?
  • #329,848
  • Nov 15, 2012 2:45am Nov 15, 2012 2:45am
eu good setup to sell

gu i don't see from where it will fall
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  • #329,849
  • Nov 15, 2012 3:02am Nov 15, 2012 3:02am
Quoting walkman
eu good setup to sell

gu i don't see from where it will fall
I agree with EU. walkman, your GU chart setup looks like a bearish flag, so an entry would be upon a break lower, right?
I'm short GU at 1.58513, 1st target 1.58013; 2nd target 1.57800. I see resistance at 1.58700 and 1.58800. If Retail Sales numbers are better than expected, price will run up to this resistance and come tumbling down again. At least that's what my chart's telling me.
Just my two cents...
DS
  • #329,850
  • Nov 15, 2012 3:14am Nov 15, 2012 3:14am
Quoting fxtopedia
Can you please explain what you mean?
yes sure:
i mean that if retail sales data will come out good we'll see price soon near the higher ellypse (5900)
while if bad data, we'll see price stright into lower ellypse (5780)
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  • #329,851
  • Nov 15, 2012 3:19am Nov 15, 2012 3:19am
Quoting _BBKing_
yes sure:
i mean that if retail sales data will come out good we'll see price soon near the higher ellypse (5900)
while if bad data, we'll see price stright into lower ellypse (5780)
what let you think that retail data will have any strong effect on price, the whole week important datas is coming out and affecting the price of just 10-20 pips, i wonder if all this lack of volatility will result in a final "explosion" (of volatility )
But when? today, tomorrow, next week, next month?
  • #329,852
  • Nov 15, 2012 3:29am Nov 15, 2012 3:29am
Quoting tunera
what let you think that retail data will have any strong effect on price, the whole week important datas is coming out and affecting the price of just 10-20 pips, i wonder if all this lack of volatility will result in a final "explosion" (of volatility )
But when? today, tomorrow, next week, next month?
And what, most of the important data this week (and past week too) was very positive for gbp, but it have just lost ground against eur and usd for example (that are facing both a bad-data times).
Recently the market is not really making sense

Edit:
(yes it's time for me to have some holiday, good luck all!)
  • #329,853
  • Nov 15, 2012 3:32am Nov 15, 2012 3:32am
Quoting Doji Star
I'm short GU at 1.58513, 1st target 1.58013; 2nd target 1.57800. I see resistance at 1.58700 and 1.58800. If Retail Sales numbers are better than expected, price will run up to this resistance and come tumbling down again. At least that's what my chart's telling me.
Just my two cents...
DS
So far so good!! Let's see if gains momentum or stalls.
  • #329,854
  • Nov 15, 2012 3:36am Nov 15, 2012 3:36am
Quoting tunera
And what, most of the important data this week (and past week too) was very positive for gbp, but it have just lost ground against eur and usd for example (that are facing both a bad-data times).
Recently the market is not really making sense

Edit:
(yes it's time for me to have some holiday, good luck all!)

i think it make complete sense but as usual for me ..i over complicate things..weekly have been bearish monthly was a doji..what wont have made sense is buying with these signals..but here i cant short because theres a lot of traffic..so u see when u break it down this is all about fear and greed and ofcourse being able to follow the damn price..lol
  • #329,855
  • Nov 15, 2012 3:41am Nov 15, 2012 3:41am
5830 demand came.
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  • #329,856
  • Nov 15, 2012 3:44am Nov 15, 2012 3:44am
Quoting tunera
what let you think that retail data will have any strong effect on price, the whole week important datas is coming out and affecting the price of just 10-20 pips, i wonder if all this lack of volatility will result in a final "explosion" (of volatility )
But when? today, tomorrow, next week, next month?
retail sales is important data for any economy, so also for uk and its GBP.
so... since the GBP recently trading in something strange way.... must find a reason to release some power.
the retail sales is always a great reason

look: price came down due to bad data but still not broken lower demand 5820-30.
was waiting this touch down since last week..

now will watch and see if holds to go for 1.59 again or if not
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  • #329,857
  • Nov 15, 2012 3:44am Nov 15, 2012 3:44am
Quoting _BBKing_
5830 demand came.

Quoting nAVIN2007
i see Gu going up..i just think we are a week too early..
just just gotta stay close to where we are (we better not go lower than 1.5830)..and we might see 1.61
  • #329,858
  • Nov 15, 2012 3:46am Nov 15, 2012 3:46am
G/M,

Knee-jerk initial move down on the worst than expected -0.8% Uk retail sales-a follow thru on yesterday's bearish daily candle, then a bounce up from the extreme of that previous 4hr/daily swing lo zone down to 5826. Daily shows this below. 1hr/4hr/daily remain in a general opa downtrend at the moment.

G/L
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ex member
  • #329,859
  • Nov 15, 2012 3:51am Nov 15, 2012 3:51am
Quoting _BBKing_
retail sales is important data for any economy, so also for uk and its GBP.
so... since the GBP recently trading in something strange way.... must find a reason to release some power.
the retail sales is always a great reason

look: price came down due to bad data but still not broken lower demand 5820-30.
was waiting this touch down since last week..

now will watch and see if holds to go for 1.59 again or if not
this is what im thinking my pc and saving charts is causing issues for me so gonna type it:-

if u look at the monthly the last bear candle from 1.6225 dropped to 1.5336..we then broke the high of the bear candle without a significant drop..market choose up..i cannot see why we are going to tank unless the market shows an attack of the 1.63..and rejection??
this just seems to easy to drop

basically what im saying is we are likely to be in a traingle on monthly (dip) to attack 1.63
  • #329,860
  • Nov 15, 2012 3:55am Nov 15, 2012 3:55am
Quoting nAVIN2007
this is what im thinking my pc and saving charts is causing issues for me so gonna type it:-

if u look at the monthly the last bear candle from 1.6225 dropped to 1.5336..we then broke the high of the bear candle without a significant drop..market choose up..i cannot see why we are going to tank unless the market shows an attack of the 1.63..and rejection??
this just seems to easy to drop

basically what im saying is we are likely to be in a traingle on monthly (dip) to attack 1.63

We've discussed this on the phone remember?? where we said UK 1% GDP growth was a one off thing.... im reading headlies on FT saying the olympic boom is over..... Claimant Counts increases and Fall in Retail sales proves it....
We live in a finite world with infinite possibilities.
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