Australian (ASX) Stock Market Forum

Re: GBPUSD

i think the GBP is overbought. i didnt end up buying back in last night, but im waiting for its turn.

Not sure I agree. Very strong last night and the EUR/USD went with it back to the 14wk highs.

Short anything I would say EUR/USD. I am looking for a spot back to strong support now for the GBP around 19470 for a buy, short it to that level would be game I think though. 19550 may be a good buy level as well with support around that region.
 
Re: GBPUSD

i think there was an over-reaction to the retail sales figures in the uk, and that the fed rate cuts are pretty close to being priced into the USD. so i'm looking for it to come off a bit.

i guess time will tell id want it to drop through 1.9610 - 1.9600 before committing: stop loss @ 10 pips, aim for 30-40.
 
Re: GBPUSD

I could be wrong (but i try to post when i`m right ;)) but this seems like the end of a major uptrend for this pair with the formation of a H&S this morning.Does anyone see another rally toward 20,000 now?The hand is where i bought 1.
 

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Re: GBPUSD

God save the Queen, because nothing will save the Cable???

Cheers
...........Kauri
 

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Re: GBPUSD

A forecast last night from JP Morgan that the city of London could lose 40,000 jobs due to the credit crisis. The UK Telegraph reports that Halifax, the biggest mortgage lender, is set to hike rates as high as 0.50% by tonight as the funding costs pressure banks.

Cheers
............Kauri
 
Re: GBPUSD

broke a bit too quickly to post as it happened.. butt... at least it is on the same day.. :) Cable 5min
Cheers
...........Kauri
 

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Re: GBPUSD

God save the Queen, because nothing will save the Cable???

Cheers
...........Kauri
and the 60min isdeciding whether to run or not..
Cheers
...........Kauri
 

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Re: GBPUSD

broke a bit too quickly to post as it happened.. butt... at least it is on the same day.. :) Cable 5min
Cheers
...........Kauri

maybe flagging.. or another coily??

Cheers
..........Kauri
 

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Re: GBPUSD

The MA crossings don't exactly look too bullish , but if the 14 day crosses the 20 day from underneath we may see a little bounce .

But hey it's right where you mentioned it would be to me at 196 . Vanilla is the flavour of the day , huh :D

I have the 14 day attempting a crossing of the 89 day right now , from above . I'd like to see that move stopped short for a wee bounce too .
 
Re: GBPUSD

The MA crossings don't exactly look too bullish , but if the 14 day crosses the 20 day from underneath we may see a little bounce .

But hey it's right where you mentioned it would be to me at 196 . Vanilla is the flavour of the day , huh :D

I have the 14 day attempting a crossing of the 89 day right now , from above . I'd like to see that move stopped short for a wee bounce too .
Hi Ita..
Yep, because of the aforementioned level I ran a tight stop on the flag... got stopped out pretty smartly for a couple of bob, but the coily made up for it...
Perth covered in smoke all day, someone must have torched something.. :mad: .. so have added a few spiral colours to my charts to brighten the day a bit.. :) ..
Cheers
..............Kauri
 

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Re: GBPUSD

Big volcano eruption on one of the Indonesian islands I heard , could that be the smoke you're seeing ?

.......... if not at least it's April the WA rain should deal with it if the cities burning . I heard they were dumbing down the proposed new CBD , didn't think they burn it :cautious:
 
Re: GBPUSD

Big volcano eruption on one of the Indonesian islands I heard , could that be the smoke you're seeing ?

.......... if not at least it's April the WA rain should deal with it if the cities burning . I heard they were dumbing down the proposed new CBD , didn't think they burn it :cautious:
apparently some of your neighbour types are burning off for seeding....
rain... is that that wet thingy that falls from the sky... the old memory is not what it used to be..
dumbing down the CBD... I didn't think they could.. not beyond where it is already... I've lived in Perth/outer Perth for 6 years straight now and have been there twice... the second time was only to make sure that the first impressions were correct..
Cheers
...........Kauri
 
Re: GBPUSD

Early Europeeean traders have taken her out the top... as I don't sail against the prevailing winds I'll be watching and waiting to see if a squall.. or worse.. blows up..
Cheers
...........Kauri
 

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Re: GBPUSD

early Europe USD selling, a WSJ website article headlined "Merrill Upped Ante as Bonds Fizzled". The article says that Merrill Lynch is tomorrow expected to report its third straight quarterly loss and $6bn to $8bn in new mortgage-related write-downs, "according to a person familiar with the matter". Plurry hall.. ruined a good coily did our Familiar.. :mad:
Cheers
...........Kauri
 
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