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Cable Update (GBPUSD)

  • #69,621
  • Jun 9, 2008 8:11am Jun 9, 2008 8:11am
Quoting salah k.
wow euro is falling hard and
cable seems to have no reaction watsoever
Strong PPI + Dow futures green (pushing GJ up) are holding cable's bid tone.

Euro had strong rallies in the last 2 days (500 pips), it's correcting a notch. Not exactly falling hard.

As Dow futures +50 against Friday's -400 is not exactly a "rally" LOL
  • #69,622
  • Jun 9, 2008 8:15am Jun 9, 2008 8:15am
thx 4 your info krishna..
yes i'm noobs.. thx 4 your compliment Ceco
  • #69,623
  • Jun 9, 2008 8:18am Jun 9, 2008 8:18am
Quoting KyoOishi
It looks like G/U have a hard time to break 1.98000.. We'll see short anytime soon..
hey....im waiting...to go short
be patient, self-belief and discipline... stay focus...
  • #69,624
  • Jun 9, 2008 8:19am Jun 9, 2008 8:19am



Quoting radit27
hey....im waiting...to go short
There is no bad decisions, its only didn't work out.
  • #69,625
  • Jun 9, 2008 8:21am Jun 9, 2008 8:21am
Im in short!but with minor lot.
  • #69,626
  • Jun 9, 2008 8:22am Jun 9, 2008 8:22am
Quoting cesarnc
Strong PPI + Dow futures green (pushing GJ up) are holding cable's bid tone.

Euro had strong rallies in the last 2 days (500 pips), it's correcting a notch. Not exactly falling hard.

As Dow futures +50 against Friday's -400 is not exactly a "rally" LOL
yeah ur right
thnx for correcting me
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,627
  • Jun 9, 2008 8:26am Jun 9, 2008 8:26am
Potential resistance areas to the upside above this 9790/9805 area are:

9825-35
9832 150% ext of friday, 9827-32 Wk r1, 9825-27 Prev 1hr sw hi, 9825-35 medium offers-mni
9840-60
offers at 9850, stops at 9860-mni, 9857-55 Dly R1, 8855, 161.8 ext of friday, 9851/46 prev 1hr/4hr sw hi, 9847 area of untestdd dly desecending res t/line
9870/80
9880 med offers-mni, 9881 breecehd 50% 0397-9362, 9875, 61.8% 0193-9362, 9871 76.4% 0026-9362, 9871 Res t/line from 09/11/07 (mni)
ex member
  • #69,628
  • Jun 9, 2008 8:31am Jun 9, 2008 8:31am
Quoting puteraku73
im short at 1.9796 im looking at 5min chart heeee just min lot profit
be patient, self-belief and discipline... stay focus...
  • #69,629
  • Jun 9, 2008 8:32am Jun 9, 2008 8:32am
G/U start moving south.. I think it is just some correction after gain a lot in Europe session..
Life is about choosing... Long or Short... Discipline and consistency
  • #69,630
  • Jun 9, 2008 8:35am Jun 9, 2008 8:35am
Quoting KyoOishi
G/U start moving south.. I think it is just some correction after gain a lot in Europe session..
i choose short whilee look for sign long again in 5 min chart
be patient, self-belief and discipline... stay focus...
  • #69,631
  • Jun 9, 2008 8:36am Jun 9, 2008 8:36am
Quoting salah k.
yeah ur right
thnx for correcting me
Not intending to correct you, salah. Just my view on it. Sometimes lower timeframes tell us one story and the higher tell us another.

When there are huge moves like this 500 pips in Euro, paying attention in the higher timeframes is advised to understand what can be really going on.
  • #69,632
  • Jun 9, 2008 8:40am Jun 9, 2008 8:40am
20 minutes for another news.. any analysis??
Life is about choosing... Long or Short... Discipline and consistency
  • #69,633
  • Jun 9, 2008 8:43am Jun 9, 2008 8:43am
Closed short position +44 pips.
  • #69,634
  • Jun 9, 2008 8:52am Jun 9, 2008 8:52am
Quoting cesarnc
Not intending to correct you, salah. Just my view on it. Sometimes lower timeframes tell us one story and the higher tell us another.

When there are huge moves like this 500 pips in Euro, paying attention in the higher timeframes is advised to understand what can be really going on.
no bro i have no problem with being corrected thats how experienced traders like urself help us in not making mistakes. and yes ur right about larger time frames
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,635
  • Jun 9, 2008 9:02am Jun 9, 2008 9:02am
Quoting salah k.
no bro i have no problem with being corrected thats how experienced traders like urself help us in not making mistakes. and yes ur right about larger time frames
good short bro, you gonna ride it down to 9650
If I Go Broke Trying Then I Will die happy.
  • #69,636
  • Jun 9, 2008 9:04am Jun 9, 2008 9:04am
Quoting Moe
good short bro, you gonna ride it down to 9650
moe's back...

welcome back
Keep Learning and you'll get what you want...
  • #69,637
  • Jun 9, 2008 9:05am Jun 9, 2008 9:05am
Quoting Moe
good short bro, you gonna ride it down to 9650
so what you say MOE are you going to be our leader for roller coaster tht heading to 1.9650
p/s:I LOVE THE RIDE TELL ME WHEN YOU IN THE ROLLER COASTER.
  • #69,638
  • Jun 9, 2008 9:08am Jun 9, 2008 9:08am
I'm out for walk and wait for tomorrow GBP new at asia session..
Have a good trading day and Profit for all of you...
Life is about choosing... Long or Short... Discipline and consistency
  • #69,639
  • Jun 9, 2008 9:08am Jun 9, 2008 9:08am
Quoting MasAdhi
moe's back...

welcome back
enough of that huging shit , whats up bro
If I Go Broke Trying Then I Will die happy.
  • #69,640
  • Jun 9, 2008 9:08am Jun 9, 2008 9:08am
Quoting Moe
good short bro, you gonna ride it down to 9650
Moe, are you saying that GU might go to 9650? GU is playing with my emotions. I need anti-GUssants
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