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GBPUSD

  • #781
  • Sep 25, 2006 2:48am Sep 25, 2006 2:48am
Quoting AbgZuhaini
I think GPB/USD going up becasue of the possiblity of BoE interest rate increase, Let see what happen on the London session
im pretty sure its gonna go up.. althought technically it should go down now.. its the highest its ever gone in weeks.. and im pretty sure when it goes down its going to plummet.. anyone up for a major trade coming up for a short GBPUSD in the next 2 days?? (hell that was the name of the thread )
BECAUSE I CAN !
  • #782
  • Sep 25, 2006 2:52am Sep 25, 2006 2:52am
oh and guys.. i went short on EURUSD a feew hours ago.. it hit my stop at 30 pips.. then i went long.. and even then the sucker somehow managed to hit my stop for 30 pips... i never get pissed off.. but i guess this is the height of it.. EURUSD is changing directions.. and quickly too.. any suggestions??
BECAUSE I CAN !
  • #783
  • Sep 25, 2006 2:55am Sep 25, 2006 2:55am
looks like USD reversal underway. Ride the trend!
TRADE FOR SWAP
  • #784
  • Sep 25, 2006 3:37am Sep 25, 2006 3:37am
Thanks for the compliments to all those who recognized and agreed on GBP up rather than down with me. I see GBP made a 1.9070 high before dropping back down to support at 1.9040. Several factors may drive it to the final 1.9100 level yet today. 1st... Existing US home sales. If they come in weaker than expected, $ is probably going to sell off again. Also, keep an eye out on EUR/GBP. It is looking to make a retest of 0.6700. Should it go through, could very well trigger GBP/USD up that much more.

OK, that's my 2 cents worth on GBP for today.

GirlFlyer
  • #785
  • Sep 25, 2006 3:41am Sep 25, 2006 3:41am
Quoting cgldsmth
looks like USD reversal underway. Ride the trend!
looks like thr reversal reversed again!
not healthy for pips...
  • #786
  • Sep 25, 2006 3:59am Sep 25, 2006 3:59am
mmm....no it hasn't!

"Bago" signal imminent.
TRADE FOR SWAP
  • #787
  • Sep 25, 2006 3:59am Sep 25, 2006 3:59am
Second test of the resistance line, and divergence
  • #788
  • Sep 25, 2006 4:00am Sep 25, 2006 4:00am
oops.... guess i should include the pic.
Attached Image
  • #789
  • Sep 25, 2006 4:00am Sep 25, 2006 4:00am
gbpusd is finished is in a 5 wave on daily and will go down to at least mid 1.8300's if not lower check out my thread and see my results. http://www.forexfactory.com/forexfor...ons/icon12.gif
  • #790
  • Sep 25, 2006 4:02am Sep 25, 2006 4:02am
Quoting fixme1too
gbpusd is finished is in a 5 wave on daily and will go down to at least mid 1.8300's if not lower check out my thread and see my results. http://www.forexfactory.com/forexfor...ons/icon12.gif
700 pips, quite the drop!!
  • #791
  • Sep 25, 2006 4:02am Sep 25, 2006 4:02am
Quoting fixme1too
gbpusd is finished is in a 5 wave on daily and will go down to at least mid 1.8300's if not lower check out my thread and see my results. http://www.forexfactory.com/forexfor...ons/icon12.gif
hope you are correct. thank you
  • #792
  • Sep 25, 2006 7:53am Sep 25, 2006 7:53am
I would offer to everyone trading the pound that you may consider looking at the euro, franc & yen dollar crossed to help you see the direction of the dollar more clearly. Many times the pound is not as technically obvious as the others. This additional insight might make the pound easier to see.
Profit is where readiness meets Opportunity
  • #793
  • Sep 25, 2006 8:10am Sep 25, 2006 8:10am
Quoting FXopportunist
I would offer to everyone trading the pound that you may consider looking at the euro, franc & yen dollar crossed to help you see the direction of the dollar more clearly. Many times the pound is not as technically obvious as the others. This additional insight might make the pound easier to see.
Thanks for that FX. I'd been noticing that moves in the Pound seemed to be negating moves in the dollar often when compared to say Eur/Usd..

Cheers,
Bundy
Bundy's status today: "Waiting..."
  • #794
  • Sep 25, 2006 9:34am Sep 25, 2006 9:34am
Not very likely, but possible. I've been shorting every uptick above 1.9000 since last Friday. If we ever get close above 1.9084, I will change strategy to long.

Quoting GirlFlyer
You may be right, but I am looking to see it test the Aug 8 high of 1.9105 1st. We've already broken through the 61.8 fib on the daily and until it breaks the daily uptrend back down... I'm afraid I'm sticking with the trend up.

GirlFlyer
  • #795
  • Sep 25, 2006 9:47am Sep 25, 2006 9:47am
Quoting YasirYar
oh and guys.. i went short on EURUSD a feew hours ago.. it hit my stop at 30 pips.. then i went long.. and even then the sucker somehow managed to hit my stop for 30 pips... i never get pissed off.. but i guess this is the height of it.. EURUSD is changing directions.. and quickly too.. any suggestions??
Yes, patience, buy resistance, sell support..
Attached Image
  • #796
  • Sep 25, 2006 9:53am Sep 25, 2006 9:53am
The Eur short started last night at the London session open.
Attached Image
Trade what you see - Not what you think
  • #797
  • Sep 25, 2006 9:57am Sep 25, 2006 9:57am
Quoting raczekfx
Yes, patience, buy resistance, sell support..
Nice chart raczefx

2nd touch of trend line, unable to make a new high and then good price action for the short. I t doesnt get any better than that. If I was only awake for it LOL. Ok though I got my lunch money in the U.S. market.
Profit is where readiness meets Opportunity
  • #798
  • Sep 25, 2006 10:04am Sep 25, 2006 10:04am
Amen,
Quoting FXopportunist
....
2nd touch of trend line, unable to make a new high and then good price action for the short. I t doesnt get any better than that. ...
  • #799
  • Sep 25, 2006 10:10am Sep 25, 2006 10:10am
Quoting raczekfx
Amen,
My 1.9019 short was hammered to pieces! Live and learn!
  • #800
  • Sep 25, 2006 10:14am Sep 25, 2006 10:14am
Quoting Kev-K
My 1.9019 short was hammered to pieces! Live and learn!
I closed another 33% of my position 30min ago.
Will add more @ 9035 failure..
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