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Cable Update (GBPUSD)

  • #106,961
  • Dec 16, 2008 5:14am Dec 16, 2008 5:14am
who is holding short or long...lookin brutal at t moment...


Sonic
  • #106,962
  • Dec 16, 2008 5:21am Dec 16, 2008 5:21am
Quoting sonicdeejay
who is holding short or long...lookin brutal at t moment...


Sonic
im holding longs
  • #106,963
  • Dec 16, 2008 5:25am Dec 16, 2008 5:25am
Quoting PipLand
Gold rush be carefull if 5200 doesnt break then i see 5500.

You may want to consider taking some money off the table around this level. Its only a suggestion though and final decision remains with yourself.

What does others think?

Thanks so much for your advice. I have noticed too that 1.5200 seems hard to break for Gbp Usd. I will take my loss at that price and possibly look for a buy opportunity at that same price too.

Just hoping that the best comes my way.
  • #106,964
  • Dec 16, 2008 5:27am Dec 16, 2008 5:27am
[quote=goldrush;2421401]Thanks so much for your advice. I have noticed too that 1.5200 seems hard to break for Gbp Usd. I will take my loss at that price and possibly look for a buy opportunity at that same price too.

Just hoping that the best comes my way.[/quote

your welcome

you might not see 5200 again now though
  • #106,965
  • Dec 16, 2008 5:29am Dec 16, 2008 5:29am
GBP/USD Daily Outlook GBPUSD Outlook | Written by ActionForex.com | Dec 16 08 07:26 GMT |

GBP/USD's rebound from 1.4466 reached as high as 1.5377 before retreating mildly. Further rise is still in favor as long as 1.4920 minor support holds. Focus remains on 1.5534 resistance. Considering bullish convergence condition in 4 hours MACD, break of 1.5534 will indicate that a short term bottom is at least formed and strong rebound could then be seen towards 1.6671 resistance.
Probability Professor
  • #106,966
  • Dec 16, 2008 5:34am Dec 16, 2008 5:34am
Quoting Galation
GBP/USD Daily Outlook GBPUSD Outlook | Written by ActionForex.com | Dec 16 08 07:26 GMT |

GBP/USD's rebound from 1.4466 reached as high as 1.5377 before retreating mildly. Further rise is still in favor as long as 1.4920 minor support holds. Focus remains on 1.5534 resistance. Considering bullish convergence condition in 4 hours MACD, break of 1.5534 will indicate that a short term bottom is at least formed and strong rebound could then be seen towards 1.6671 resistance.

I like this kinda of analysis...either right or wrong..no bull sh1ttin..

Sonic
  • #106,967
  • Dec 16, 2008 5:35am Dec 16, 2008 5:35am
Quoting Galation
GBP/USD Daily Outlook GBPUSD Outlook | Written by ActionForex.com | Dec 16 08 07:26 GMT |

GBP/USD's rebound from 1.4466 reached as high as 1.5377 before retreating mildly. Further rise is still in favor as long as 1.4920 minor support holds. Focus remains on 1.5534 resistance. Considering bullish convergence condition in 4 hours MACD, break of 1.5534 will indicate that a short term bottom is at least formed and strong rebound could then be seen towards 1.6671 resistance.
I'll read but I stick with what I see.I have seen others outlooks fail time to time from oanda's trade recommendations.
  • #106,968
  • Dec 16, 2008 5:37am Dec 16, 2008 5:37am
forming lo lows and lo highs on Gbp/Usd. Let's see if this fork holds for the shorts.....
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~*~You are only one trade away from humility~*~
  • #106,969
  • Dec 16, 2008 5:37am Dec 16, 2008 5:37am
Quoting Fly2
I'll read but I stick with what I see.I have seen others outlooks fail time to time from oanda's trade recommendations.
im targetting 1.5500 today
  • #106,970
  • Dec 16, 2008 5:38am Dec 16, 2008 5:38am
I believe the key words of that analysis is "short term bottom"!!!

Come new year (I expect Q1 of 2009) get ready for some serious tanking!!!
  • #106,971
  • Dec 16, 2008 5:40am Dec 16, 2008 5:40am
[quote=PipLand;2421409]
Quoting goldrush
Thanks so much for your advice. I have noticed too that 1.5200 seems hard to break for Gbp Usd. I will take my loss at that price and possibly look for a buy opportunity at that same price too.

Just hoping that the best comes my way.[/quote

your welcome

you might not see 5200 again now though
Closed my position at 1.5248 and entered a buy at that same price with 50 pips SL, hope the risk of getting stopped easily is not too high?
  • #106,972
  • Dec 16, 2008 5:40am Dec 16, 2008 5:40am
But ts it may go to top bolli band to 15510
  • #106,973
  • Dec 16, 2008 5:41am Dec 16, 2008 5:41am
Quoting Vourvoul
I believe the key words of that analysis is "short term bottom"!!!

Come new year (I expect Q1 of 2009) get ready for some serious tanking!!!
yeah def a short term bottom once 1.6xxx is reached its tanking time
  • #106,974
  • Dec 16, 2008 5:43am Dec 16, 2008 5:43am
Big Movement will come at the New York and Chicago open.
Probability Professor
  • #106,975
  • Dec 16, 2008 5:43am Dec 16, 2008 5:43am
Quoting Galation
Big Movement will come at the New York and Chicago open.
.
  • #106,976
  • Dec 16, 2008 5:44am Dec 16, 2008 5:44am
[quote=PipLand;2421409]
Quoting goldrush
Thanks so much for your advice. I have noticed too that 1.5200 seems hard to break for Gbp Usd. I will take my loss at that price and possibly look for a buy opportunity at that same price too.

Just hoping that the best comes my way.[/quote

your welcome

you might not see 5200 again now though
But she goes down again now !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #106,977
  • Dec 16, 2008 5:45am Dec 16, 2008 5:45am
[quote=PipLand;2421409]
Quoting goldrush
Thanks so much for your advice. I have noticed too that 1.5200 seems hard to break for Gbp Usd. I will take my loss at that price and possibly look for a buy opportunity at that same price too.

Just hoping that the best comes my way.[/quote

your welcome

you might not see 5200 again now though
I think she'll test 5200 one more time before moving upwards.
  • #106,978
  • Dec 16, 2008 5:46am Dec 16, 2008 5:46am
Quoting Galation
Big Movement will come at the New York and Chicago open.
if I m not wrong..they will open @ 10:30 AM EST...

SOnic
  • #106,979
  • Dec 16, 2008 5:49am Dec 16, 2008 5:49am
Quoting sonicdeejay
who is holding short or long...lookin brutal at t moment...


Sonic

went long at 1.5247 with stop at 24, doesnt look too promising at the moment.
  • #106,980
  • Dec 16, 2008 5:51am Dec 16, 2008 5:51am
[quote=manize;2421453]
Quoting PipLand

But she goes down again now !
err no it hasnt, and also i didnt say it wouldnt i said it might not and i still dont think it will
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