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Cable Update (GBPUSD)

  • #406,401
  • Jan 8, 2015 12:53am Jan 8, 2015 12:53am
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this is eur 5 min ,,,look pip for pip nearly with gb..
  • #406,402
  • Jan 8, 2015 1:26am Jan 8, 2015 1:26am
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5017 is the weekly support 5050 first
  • #406,403
  • Jan 8, 2015 1:37am Jan 8, 2015 1:37am
Quoting elbert3
{image} 5017 is the weekly support 5050 first
Hi Elbert
No buy Confirmed still.
Dw Trend continues.
Spud.
  • #406,404
  • Jan 8, 2015 1:46am Jan 8, 2015 1:46am
Quoting elbert3
{image} 5017 is the weekly support 5050 first
BTW Elbert thanks for you PM yesterday shall reply later on.
Tell me how are you calculating a weekly support level using a small time frame such as the 15 minute chart.
Spud.
  • #406,405
  • Jan 8, 2015 1:48am Jan 8, 2015 1:48am
Quoting Spudforex
{quote} BTW Elbert thanks for you PM yesterday shall reply later on. Tell me how are you calculating a weekly support level using a small time frame such as the 15 minute chart. Spud.
i thought you read posts ,, there you go just for you ,,look left
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  • #406,406
  • Jan 8, 2015 1:52am Jan 8, 2015 1:52am
Quoting Spudforex
{quote} Hi Elbert No buy Confirmed still. Dw Trend continues. Spud.
made some profit yesterday but again swap and change , not easy counter trading , the only benefit is that if you get in early you can really benefit,, i like the 30 min chart ,, i seem to find that the middle man for trades , strange yes but if we had a good or ideal way of trading we would be doing this on a beach in Thailand ..lol
  • #406,407
  • Jan 8, 2015 1:58am Jan 8, 2015 1:58am
Quoting elbert3
{quote} made some profit yesterday but again swap and change , not easy counter trading , the only benefit is that if you get in early you can really benefit,, i like the 30 min chart ,, i seem to find that the middle man for trades , strange yes but if we had a good or ideal way of trading we would be doing this on a beach in Thailand ..lol
Beaches Thailand well some of us do you know. It is not that difficult as you already know, one might say more challenging these days.
Shall confirm for you a buy when it appears.
And thank you for you explanation too, totally agree with your Handshake Ideology btw.
Spud
  • #406,408
  • Jan 8, 2015 2:03am Jan 8, 2015 2:03am
Quoting Spudforex
{quote} Beaches Thailand well some of us do you know. It is not that difficult as you already know, one might say more challenging these days. Shall confirm for you a buy when it appears. And thank you for you explanation too, totally agree with your Handshake Ideology btw. Spud
i sign of a good man,,lol not many around but we have to stick to principles ,, pre rate rise chart , you can file this , HDA was my file keeper i wonder how he is doing ??
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  • #406,409
  • Jan 8, 2015 2:05am Jan 8, 2015 2:05am
GBP: Halifax HPI m/m ------ 0.9%


But still going down, any one have Idea why it is not taking any reversal.
  • #406,410
  • Jan 8, 2015 2:08am Jan 8, 2015 2:08am
Quoting a16908
GBP: Halifax HPI m/m ------ 0.9% But still going down, any one have Idea why it is not taking any reversal.
thats big i would say for this time of the year, i know there are big first time buyers numbers out there ,, the chart will show what the big boys think ,lets see
  • #406,411
  • Jan 8, 2015 2:09am Jan 8, 2015 2:09am
although i am long I would start hedging below 1.5050 if I were you. This is targeting 1.48 now. if 1.5045 breaks
  • #406,412
  • Jan 8, 2015 2:11am Jan 8, 2015 2:11am
Sometimes, charts get to an ending point where it becomes useless. Cable not trading below 1.50 before Britain elections in 7 may.
Although euro fall make trigger gbp weakness that some of it maybe transferred to eurgbp-fall
  • #406,413
  • Jan 8, 2015 2:12am Jan 8, 2015 2:12am
Quoting giveachance
although i am long I would start hedging below 1.5050 if I were you. This is targeting 1.48 now. if 1.5045 breaks
GC morning nice to see you regards B
  • #406,414
  • Jan 8, 2015 2:15am Jan 8, 2015 2:15am
Quoting elbert3
{quote} GC morning nice to see you regards B
morning billy. at this rate market is pricing in a recession in UK due to the plunge in oil prices hitting OMC. British Petroleum is f****ed now.
  • #406,415
  • Jan 8, 2015 2:20am Jan 8, 2015 2:20am
Quoting giveachance
although i am long I would start hedging below 1.5050 if I were you. This is targeting 1.48 now. if 1.5045 breaks
profit off long again and short hedge on that low ,,5039 2o pips or more scalping range ,, reaction on house prices, keeping this one for long term , i have one thats £000 down ,,
  • #406,416
  • Jan 8, 2015 2:22am Jan 8, 2015 2:22am
Quoting giveachance
{quote} morning billy. at this rate market is pricing in a recession in UK due to the plunge in oil prices hitting OMC. British Petroleum is f****ed now.
true but the biggest thing we use is oil ,fuel, i bet you will see a jump very soon , i might even buy some too, you can not lose at this price in the long run ,
  • #406,417
  • Jan 8, 2015 2:24am Jan 8, 2015 2:24am
I don't get all this overselling on GU, ok it's a Euro related currency but UK's economy isn't THAT bad, I honestly don't see any reason for all these new lows everyday without even having a bounce or a retrace for the past few months.
  • #406,418
  • Jan 8, 2015 2:31am Jan 8, 2015 2:31am
Quoting ThePolarFox
I don't get all this overselling on GU, ok it's a Euro related currency but UK's economy isn't THAT bad, I honestly don't see any reason for all these new lows everyday without even having a bounce or a retrace for the past few months.
true,,one thing i have not seen cable do for a while is surprise you,,you know what i mean, out of the blue it used to kick you in the nuts,, another reason why i have been yoyoing this week, just in case . regards
  • #406,419
  • Jan 8, 2015 2:33am Jan 8, 2015 2:33am
Quoting ThePolarFox
I don't get all this overselling on GU, ok it's a Euro related currency but UK's economy isn't THAT bad, I honestly don't see any reason for all these new lows everyday without even having a bounce or a retrace for the past few months.
I was having the same views as yours but sometimes as a trader we have to accept technicals and they are pointing to a new low. even if it bounces it may not be more than 1.52. keep ur long term bets ready as well.
  • #406,420
  • Jan 8, 2015 2:34am Jan 8, 2015 2:34am
Quoting elbert3
{quote} true,,one thing i have not seen cable do for a while is surprise you,,you know what i mean, out of the blue it used to kick you in the nuts,, another reason why i have been yoyoing this week, just in case . regards
what are you saying billy. it spiked from 1.56 to 1.61 in 2 months. 1.62-1.66 in 1 month and then 1.66-1.71 in 3 months. with this stupendous rise it surprised so many people
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