Wolves don't lose any sleep over the opinion of the sheep.
Cable Update (GBPUSD)
- #330,823
- Nov 26, 2012 5:13am Nov 26, 2012 5:13am
- Joined Dec 2009 | Status: The New Legend™ | 4,846 Posts
Always looking the GREAT, never left GOOD Point...
- #330,824
- Nov 26, 2012 5:13am Nov 26, 2012 5:13am
- Joined Jun 2011 | Status: the risk is the unknown | 2,182 Posts
- #330,827
- Nov 26, 2012 6:48am Nov 26, 2012 6:48am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,833
- Nov 26, 2012 7:52am Nov 26, 2012 7:52am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I have a similar feeling but cant really be sure
maybe no reaction in GBP value
possible reaction could appear IF the new governor will be extremely bearish/bullish on the currency.
IMO... next governor will be bearish on GBP.
but just a personal idea.
actually price still showing intentions for more up.
i'm looking for short setups: my best shorting area is near 1.61-1.6130.
100 pips left to go.
90% of traders use TA, indicators and prediction
- #330,834
- Nov 26, 2012 7:57am Nov 26, 2012 7:57am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
uhm
maybe no reaction in GBP value
possible reaction could appear IF the new governor will be extremely bearish/bullish on the currency.
IMO... next governor will be bearish on GBP.
but just a personal idea.
actually price still showing intentions for more up.
i'm looking for short setups: my best shorting area is near 1.61-1.6130.
100 pips left to go.
UK to continue curbing its budget deficit for as long as up to 2018..... fuck that... why dont they just print money like the rest of the world?!
Keep up with the world inflation yo?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #330,835
- Nov 26, 2012 8:00am Nov 26, 2012 8:00am
uhm
maybe no reaction in GBP value
possible reaction could appear IF the new governor will be extremely bearish/bullish on the currency.
IMO... next governor will be bearish on GBP.
but just a personal idea.
actually price still showing intentions for more up.
i'm looking for short setups: my best shorting area is near 1.61-1.6130.
100 pips left to go.
My bias is still bullish on GBP from last 2 weeks or so. Reason being that the monthly is in a clear uptrend & we had a clean bounce on 1.58222. IMO we might break the 1.6308x high but i have no idea how long it will take to do so. I'm holding longs until the end of this year
I'm just trading what I see.GL & nice analysis today inbetween. Was a guest for today at your webinar
Numbers NEVER Lie
- #330,836
- Nov 26, 2012 8:07am Nov 26, 2012 8:07am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
Heres my take on the GBPUSD... yes we may have bounced up from that white trendline we see in the chart... but as my strategy plan works as Ill-b-back knows a bit of how it works....
My plan is still to look for Short when short opportunity presents itself... WHY? well the Daily EMA 55 is still above Daily EMA 200... sooo on the top side.... i see that EMA 200 Weekly 1.6178/1.6200 area for potential short if an RSI divergence happens up there... OR, to short at 1.6300/1.6317 EMA 55 Monthly for potential area to short if RSI divergence presents a bearish one.....
and the short? well i will short anything back ot the Daily EMA 55 and the Daily EMA 200....
My plan is still to look for Short when short opportunity presents itself... WHY? well the Daily EMA 55 is still above Daily EMA 200... sooo on the top side.... i see that EMA 200 Weekly 1.6178/1.6200 area for potential short if an RSI divergence happens up there... OR, to short at 1.6300/1.6317 EMA 55 Monthly for potential area to short if RSI divergence presents a bearish one.....
and the short? well i will short anything back ot the Daily EMA 55 and the Daily EMA 200....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #330,837
- Nov 26, 2012 8:24am Nov 26, 2012 8:24am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Hi BBking,
My bias is still bullish on GBP from last 2 weeks or so. Reason being that the monthly is in a clear uptrend & we had a clean bounce on 1.58222. IMO we might break the 1.6308x high but i have no idea how long it will take to do so. I'm holding longs until the end of this year
GL & nice analysis today inbetween. Was a guest for today at your webinar
as i shown this morning... IMO .. if this monthly is unable to get the 6140 and close bullish above, i will expect fast downside next month to go again 1.58.
to get the 6140, first step is to get a clear close >6040
90% of traders use TA, indicators and prediction
- #330,838
- Nov 26, 2012 8:28am Nov 26, 2012 8:28am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #330,839
- Nov 26, 2012 8:31am Nov 26, 2012 8:31am
1.63 looks far for the moment but maybe this week will tell the truth.
as i shown this morning... IMO .. if this monthly is unable to get the 6140 and close bullish above, i will expect fast downside next month to go again 1.58.
to get the 6140, first step is to get a clear close >6040
Wish you green pips
Numbers NEVER Lie
- #330,840
- Nov 26, 2012 8:42am Nov 26, 2012 8:42am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
yes and of course the same is happening in EUROPE.
maybe what we see now is just bears willing to sell higher.
we must never get confused by price moves and remember what we are talking about:
UK - EUROPE - USA.
one day i will understand why GBP USD is not 1.20, EUR USD is not 0.950, and EUR GBP is not 1.0.
lol
Maybe the whole Freetrade is not as free as we though
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%