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Cable Update (GBPUSD)

  • #337,221
  • Mar 19, 2013 4:35am Mar 19, 2013 4:35am
Range of around 40 pips so far today this thing is due to explode but which way? I say south but time will tell!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 28 KB
  • #337,222
  • Mar 19, 2013 4:37am Mar 19, 2013 4:37am
Quoting blobsaudio
The only problem I see with these figures are they show higher inflation than forecast, whilst consumer spending power has decreased over the past few years. Not exactly good for the UK consumer and the UK economy if you think about it for a few minutes.
Better than Cypruss though.
  • #337,223
  • Mar 19, 2013 4:38am Mar 19, 2013 4:38am
Quoting blobsaudio
The only problem I see with these figures are they show higher inflation than forecast, whilst consumer spending power has decreased over the past few years. Not exactly good for the UK consumer and the UK economy if you think about it for a few minutes.
So is the big jump in ppi because of the lower pound?

Surely a fail to get back above 1.51 is not a good sign
  • #337,224
  • Mar 19, 2013 4:42am Mar 19, 2013 4:42am
Quoting brinks
So is the big jump in ppi because of the lower pound?
I have no idea if the PPI figure tracks imported materials, I would assume it does. A lower pound would almost definitely affect that if it does.
  • #337,225
  • Mar 19, 2013 4:44am Mar 19, 2013 4:44am
Quoting blobsaudio
I have no idea if the PPI figure tracks imported materials, I would assume it does. A lower pound would almost definitely affect that if it does.
It shows the BOE have got a problem in dealing with inflation and easing at the same time

Still stuck in range then need 1.50700 to break downside or its heading up i reckon
  • #337,226
  • Mar 19, 2013 4:45am Mar 19, 2013 4:45am
Quoting brinks
So is the big jump in ppi because of the lower pound?

Surely a fail to get back above 1.51 is not a good sign
Big resistance there as seen on weekly chart.
  • #337,227
  • Mar 19, 2013 5:03am Mar 19, 2013 5:03am
Am in with the long englufing bullish candle there.
  • #337,228
  • Mar 19, 2013 5:14am Mar 19, 2013 5:14am
Quoting Danny Maina
Am in with the long englufing bullish candle there.
Buying into a strong resistance level after a 50 pip move mmmmmmm wish you luck. I'm looking at shorts unless see a clear break above.
  • #337,229
  • Mar 19, 2013 5:14am Mar 19, 2013 5:14am
Anyone watching this one:
Attached Image (click to enlarge)
Click to Enlarge Name: pound M30.JPG Size: 137 KB

closing in highwave or something bearish at least.
  • #337,230
  • Mar 19, 2013 5:15am Mar 19, 2013 5:15am
my view
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 19-03-13.png Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,231
  • Mar 19, 2013 5:18am Mar 19, 2013 5:18am
Remain the same , seeing a spike gu towards 5167 eu 2975 start after picture taken.
ok .
Fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,232
  • Mar 19, 2013 5:21am Mar 19, 2013 5:21am
Quoting Bones
my view
definitely solid support there waiting for a second confirming candle
to act on that one.
How is hawaii? trending
  • #337,233
  • Mar 19, 2013 5:36am Mar 19, 2013 5:36am
lol ive never been
its messy isnt it


Quoting Danny Maina
definitely solid support there waiting for a second confirming candle
to act on that one.
How is hawaii? trending
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,234
  • Mar 19, 2013 6:28am Mar 19, 2013 6:28am
There is Pic. here that each trader can have different analysis for that
Referring to history and comparing to this Price Pattern, pair should touch 1.5070 (That have touched it many times before) and 1.5043/46 till go up toward 1.5225/47- 1.5377
Now it's a question why pair hasn't gone any direction!!!!
I believe Big Investors waiting pair to get down and come to play on lowest level for opening Long position to get highest profit on Resistance or reverse for going up on Resistance level and open Short position to get profit on lowest level
Attached Image (click to enlarge)
Click to Enlarge Name: cup.JPG Size: 78 KB
Don’t follow someone else’s trading advice blindly
  • #337,235
  • Mar 19, 2013 6:43am Mar 19, 2013 6:43am
Quoting kamifx
There is Pic. here that each trader can have different analysis for that
Referring to history and comparing to this Price Pattern, pair should touch 1.5070 (That have touched it many times before) and 1.5043/46 till go up toward 1.5225/47- 1.5377
Now it's a question why pair hasn't gone any direction!!!!
I believe Big Investors waiting pair to get down and come to play on lowest level for opening Long position to get highest profit on Resistance or reverse for going up on Resistance level and open Short position to get profit on lowest level...
I like
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,236
  • Mar 19, 2013 6:46am Mar 19, 2013 6:46am
Quoting Danny Maina
Anyone watching this one:
Attachment
closing in highwave or something bearish at least.

Yeah.. But still this could be anything.. Its not a strong signal for north nor south yet.. right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,237
  • Mar 19, 2013 6:48am Mar 19, 2013 6:48am
Price currently just slipping through the dense order stops and limits in this area
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,238
  • Mar 19, 2013 7:03am Mar 19, 2013 7:03am
Quoting baherhosni
Yeah.. But still this could be anything.. Its not a strong signal for north nor south yet.. right?
to me its just ranging on the 1HR

juiced 10pips on the 15M, but just not worth enough for me to do more dips

but thats just for the mechanics that works for me, not necessarily agree with others strategy

trade well everyone
  • #337,239
  • Mar 19, 2013 7:07am Mar 19, 2013 7:07am
Boring isnt it
  • #337,240
  • Mar 19, 2013 7:34am Mar 19, 2013 7:34am
im almost about to fall of my chair lol

CAD manufacturing sales (whatever that is) didnt do anything much either
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Bnhassn