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Cable Update (GBPUSD)

  • #69,221
  • Jun 5, 2008 6:27am Jun 5, 2008 6:27am
Agree with you all.
  • #69,222
  • Jun 5, 2008 6:28am Jun 5, 2008 6:28am
Quoting tomaz55
long 9470


nice shot tomaz55
Verily, in every difficulties there is relief
  • #69,223
  • Jun 5, 2008 6:32am Jun 5, 2008 6:32am
9500 is resisting so far.
  • #69,224
  • Jun 5, 2008 6:32am Jun 5, 2008 6:32am
i dont see a long at the moment - maybe a shallow correction back to about 1.9530 or so .. but should start dropping again with EUR rate announcement - ECB is bound to remain hawkish - which will lead to EUR/GBP buying and eventually USD/GBP falling (byproduct)

as a swing trader i really cannot see GBP long anytime soon

i have been short since 1.9820 and have moved my SL to 1.9550 .. and having said the above - if the trend shapes up nice at 1.9550 - i may go long (i follow the market not my gut or preference for any currency)
  • #69,225
  • Jun 5, 2008 6:39am Jun 5, 2008 6:39am
Quoting gmohata
i dont see a long at the moment - maybe a shallow correction back to about 1.9530 or so .. but should start dropping again with EUR rate announcement - ECB is bound to remain hawkish - which will lead to EUR/GBP buying and eventually USD/GBP falling (byproduct)

as a swing trader i really cannot see GBP long anytime soon

i have been short since 1.9820 and have moved my SL to 1.9550 .. and having said the above - if the trend shapes up nice at 1.9550 - i may go long (i follow the market not my gut or preference for any currency)

Well said & excellent thinking.
  • #69,226
  • Jun 5, 2008 6:41am Jun 5, 2008 6:41am
we should hit 1.9400 today
If I Go Broke Trying Then I Will die happy.
  • #69,227
  • Jun 5, 2008 6:45am Jun 5, 2008 6:45am
9500 is the 50% Fib. for today's move; so it can go down again from here.
  • #69,228
  • Jun 5, 2008 6:57am Jun 5, 2008 6:57am
Quoting elsayed
9500 is the 50% Fib. for today's move; so it can go down again from here.
where did u saw 50% fib,for todays's
LIVE LOVE LAUGH KRISHNA
  • #69,229
  • Jun 5, 2008 7:05am Jun 5, 2008 7:05am
Quoting Moe
we should hit 1.9400 today
If I Go Broke Trying Then I Will die happy.
  • #69,230
  • Jun 5, 2008 7:08am Jun 5, 2008 7:08am
hi there
  • #69,231
  • Jun 5, 2008 7:10am Jun 5, 2008 7:10am
Quoting prebetsapu
hi there
Hi..
  • #69,232
  • Jun 5, 2008 7:10am Jun 5, 2008 7:10am
Quoting Moe

BUT MINIMUM WE SHOULD SEE RISE TOWARDS 1.9564,N IF IT HOLDS THERE FOR TODAY WE CAN SEE RISE TOWARDS 1.9700,

WHAT U GUYS SAY?
LIVE LOVE LAUGH KRISHNA
  • #69,233
  • Jun 5, 2008 7:12am Jun 5, 2008 7:12am
Quoting krishna
BUT MINIMUM WE SHOULD SEE RISE TOWARDS 1.9564,N IF IT HOLDS THERE FOR TODAY WE CAN SEE RISE TOWARDS 1.9700,

WHAT U GUYS SAY?
ok
  • #69,234
  • Jun 5, 2008 7:21am Jun 5, 2008 7:21am
Up Up and the wayyy....

Quoting krishna
BUT MINIMUM WE SHOULD SEE RISE TOWARDS 1.9564,N IF IT HOLDS THERE FOR TODAY WE CAN SEE RISE TOWARDS 1.9700,

WHAT U GUYS SAY?
There is no bad decisions, its only didn't work out.
  • #69,235
  • Edited 7:52am Jun 5, 2008 7:23am | Edited 7:52am
Quoting krishna
where did u saw 50% fib,for todays's
Retracement of the move from 9540 to 9460. On the 15 min.TF.
  • #69,236
  • Jun 5, 2008 7:37am Jun 5, 2008 7:37am
the screencap shows the previous 1hr swing highs (red) and lows (green) (white being where a swing hi and lo occurred ie sbr/rbs)

You can see that the 9525/35 area as is a potential sbr area with 2 fibs at 9528 also, 23.6% 9742-9462, and 38.2% 9637-9462.

Mni saying offers now at 9535 getting stronger toward 9550, with 50% of 9637-9562 at 9549 and 23.6% of 9822-9462 at 9544.

Price currently finding resistance just ahead of that 9525/35 zone
Attached Image
ex member
  • #69,237
  • Jun 5, 2008 7:50am Jun 5, 2008 7:50am
Quoting puteraku73
Up Up and the wayyy....
down down we GO,
If I Go Broke Trying Then I Will die happy.
  • #69,238
  • Jun 5, 2008 7:51am Jun 5, 2008 7:51am
9465/45 area likely continues to hold bids, 9453-61 being Dly S1. ..2 minor prev 4hr swings at 9453 and 9442.

Below here and 9420 reported to hold bids too, more on approach to 9400, with the once breeched 23.6% of 3680-1162 at 9391, and a prev 4hr swing at 9386. (Dly S2 9380-87)

9360 area looks key to near term direction if tested being a key swing from earlier in year with that area extending down to current yrly lows at 9335 likely holding bids too.
ex member
  • #69,239
  • Jun 5, 2008 7:52am Jun 5, 2008 7:52am
Quoting Moe
down down we GO,
i dont know about that man
ECB is extremely hawkish
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,240
  • Jun 5, 2008 7:53am Jun 5, 2008 7:53am
Quoting gmohata
i dont see a long at the moment - maybe a shallow correction back to about 1.9530 or so .. but should start dropping again with EUR rate announcement - ECB is bound to remain hawkish - which will lead to EUR/GBP buying and eventually USD/GBP falling (byproduct)

am happy when things play out
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