- Search Forex Factory
- 323 Results (309 Replies, 14 Comments)
- EricB replied May 6, 2009
I was hoping for a retracement before a climb up.... it will reach 1.53 at somepoint but hopefully a major retracement before then
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Does any one want to commit to a double top retracement?
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Have a look at GBP/CHF chart - some mad moves - 11:21 - no particular reason - someones working at the wrong times like me!!
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Speaking of correlation pretty major divergence on EUR/USD and cable on 5 min/4H and hourly charts. Is EUR likely to move up? I'm thinking not because of short covering before tomorrow? somethings got to give.
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Hey Jack, Yes I'm in London - the MPC has been very hush hush about it - but the shadow committee released a report today saying that they would prefer seeing the Bank opt to use all of the allowed QE measure of 150bn (only 75bn has been comitted so ...
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Guys Im very confused and suspicious about this move that started at 16:00GMT with GB appreciating - I cant understanding it. Everythign has been saying shorty.
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Momentum is up agreed - however daily chart was showing a correction to come - newtons law also govern a bouncing ball - this is einsteins theory of relativity here ! hehe
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Im very confused - GBP is appreciating and there isnt a reason for it as such - I can see why USD may depreciate but whats happened since FTSE closed thats so GBP positive?
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Whats the reason? Bank stress tests predicted to be better?
Cable Update (GBPUSD)
- EricB replied May 6, 2009
Does anyone have any clues? Hourly candle stick and trend line was showing a downward movement and there has been a break without any reasons behind - unless someone has any ideas? Looks very fishy! Regards Eric
Cable Update (GBPUSD)
- EricB replied May 5, 2009
Ammal - wasnt 1.5036 the 100% retracement from 1.36? Regards
Cable Update (GBPUSD)
- EricB replied May 4, 2009
Hmm interesting - would test 1.507-1.509 before turning according to your theory.
Cable Update (GBPUSD)
- EricB replied May 4, 2009
Well sometimes dodgy FX brokers deliberately run your stop down when the market is against you - so from that perspective having a wide SL is affective in protecting. But it can be dangerous, hang in there though Ive got my fingers crossed for you!!
Cable Update (GBPUSD)
- EricB replied May 4, 2009
Angela, very useful - and a very nice pic as well. Alright Im going to committ to GU going down to 1.475 hopefully though I am not completely sure whether my theory is correct. The positive housing data like much of the numbers coming out at the ...
Cable Update (GBPUSD)
- EricB replied May 4, 2009
That was when UK economy was looking a lot better then US economy as all the grit under UK banks was still hidden. I would tend to say US economy recovery could be closer then UK economy. Although I do agree with the long term trend being upwards, ...
Cable Update (GBPUSD)
- EricB replied May 4, 2009
If news is better then expected it will move up - less risk aversion, if worse then expected then down. Conversely USD has started acting less like a safe haven and hence if the news is better then expected USD will move up.
Cable Update (GBPUSD)
- EricB replied May 3, 2009
Hi Terminale - was it that they decided on how to distribute it rather than how much? - I thought they had agreed on the figure already in Feb? If they decided on how much already in Feb it would have been accounted in the price already - if not ...
Cable Update (GBPUSD)
- EricB replied Apr 24, 2009
It retraced back to 1.4670 as I had predicted and I had said I would make a decision to go long or not. My decision is not to go long at this point unless with a tight SL and short TP. I reckon it will move a bit further down. I would go long a ...
Cable Update (GBPUSD)
- EricB replied Apr 24, 2009
I opened the long at 1.459 closed at 1.4725 missing the opp for 50 pips more. Anyway lets see if it retraces to 1.467 - next decision on what to do when that happens.
Cable Update (GBPUSD)
- EricB replied Apr 24, 2009
Im still expecting a correction to 1.467 though. Should Have kept my long open till 1.474 and not closed it at 1.4725
Cable Update (GBPUSD)