Thread: GBPUSD Trade Room

DEDICATED FOR TRADING THE CABLE lt; GBP/USD gt;

Cable analyzing upper limits of a 4 hour Chart.
My Position: FLAT

Chart for inspection

Originally Posted by ;

The UK Claimant Count and Average Revenue both revealed a strong read today, offering a sign that infaltionary pressures are still in the UK economy, the labor market is tight, and the BoE may still should tackle Interest Rates this season.

Cable has lagged behind the two Swissy and Euro, getting stuck around the 2.0300 area at the same time as Euro evaluations all time highs at 1.3880 and Swissy evaluations the weekly chart Triple Bottom at 1.1800.

When there is a run on the US$ afterward GBP/USD has some ching up to do, 300 Pips values, to reach the level the other Europeans are at right now. The Economics have now been posted its time for the Technicals to measure up. 2.0370 to 2.0400 to 2.0470 will be where most Trader's focus will be today, when the US$ weakens.

GBP/USD was a puppy and certainly did not contribute to the dollar sell off. It is because of this that I always trade the pair that is creating a fracture. Notice zoomed through resistance and GBP/USD has slipped down. Of course this is a result of EUR/GBP rally for the most part. This was the pair to prevent in case you wanted to grab a number of the dollar sell off.

Hi All...

While eur/usd busted out....gbp/usd was a different story.

YES! - I captured some of those eur/usd....THX into Roland (above article). I had been watching/focusing with this pair at the four hr channel top when Roland posted a possible eur break.

I exchanged the cable this way...2 good scalps off the four hour channel top I had posted here with this Thread ( see over) just a bit before the trades triggered.

15 minute chart with 4 hour channel top

S @ 2.0348
TP @ 2.0318
Discontinue @ 2.0378
30 pips

Bounced back. . .denied, triggered another short scalp chance

S @ 2.0347
TP @ 2.0317
Cease@ 2.0367
30 pips

2nd Trade Stop put a bit tighter due to the positive news
(keeping that in the back of my mind as I read the charts)
You'll notice that the Cable whipped around a bit following the 2nd entry.

Hope some found the 1st chart posted of some worth....why did the cable not proceed with eur??? Dun it did seem to try though, but neglected....just traded exactly what I saw.

Fxj

You can look at the chart and see a Lengthy trade setup Between the 2 shorts. . .News on Postive GBP reports/
I do not trade news.
I did however consider going Long on the channel break....though I enjoy getting into a position another bar after sign is triggered...I'm uncomfortable getting into a scalp at the middle...a justifiable reason I believe. Scalping is hard enough with a trigger that is good.

To the guests and all others that want this egory to aquit themselves, here it is[at least a part of it]Ba||s to the Wall gimmee the goods,...

GBP/USD @ 2.14?? In the coming months. 12 weeks or so
Post Date: Sept 12th 07.

Govern yourselves accordingly.

Explanations are very lengthy and dull.

Cable back to it's previous support at 2.0150. I'm long from 2.0160 ... got a Daily trendline coming to play from here too. Also seems to be the foundation of the second shoulder of a inverted head-n-shoulders.

Is the trendline from Aug17 ? I'm shorting against the fracture, with a goal of the 100 day ordinary...

A couple of little positions according to 38 fib over the last weekly L/H and the weekly TL which appears to have been strong against many strikes.

Originally Posted by ;

is that the trendline from Aug17 ? I'm shorting against the break, using a target of the 100 day average....

That one is closed following the signature refusal in the 100 day average (2.0091) in 2.0001 . I think there's lots of space but I'm dmnd if I will hold this one on the news. The following target is 2.0041 ( 10), the sept 4 low.

Originally Posted by ;

is that the trendline from Aug17 ? I am shorting against the break, with a goal of the 100 day average....

No ... the one from Aug29. I am stopped out. Calling it.

Require Care
Habeeb