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Cable Update (GBPUSD)

  • #108,921
  • Jan 1, 2009 5:35pm Jan 1, 2009 5:35pm
Quoting Pyramus
GU looks heavy after that massive rally up
That was a massive rally up. Hopefully she will comes down.
  • #108,922
  • Jan 1, 2009 5:54pm Jan 1, 2009 5:54pm
Quoting Atondra
That was a massive rally up. Hopefully she will comes down.
why you sure that it will come down again? hmm... i know the trend is bearish. but are you sure that it's not reversal ?
  • #108,923
  • Jan 1, 2009 6:01pm Jan 1, 2009 6:01pm
Quoting dashboard
why you sure that it will come down again? hmm... i know the trend is bearish. but are you sure that it's not reversal ?
I was just hoping bro.
Looks like it is coming down now.
  • #108,924
  • Jan 1, 2009 6:05pm Jan 1, 2009 6:05pm
Carefull with the short EU is bouncing up now.
  • #108,925
  • Jan 1, 2009 6:10pm Jan 1, 2009 6:10pm
It has retreated 100++ pips from its highest.
Maybe it is a good time to enter long now.
  • #108,926
  • Jan 1, 2009 6:15pm Jan 1, 2009 6:15pm
Open a long post @ 1.4680.
I hope it rebounded back.
  • #108,927
  • Jan 1, 2009 6:22pm Jan 1, 2009 6:22pm
Quoting Atondra
Open a long post @ 1.4680.
I hope it rebounded back.
It dont look good at the moment.
  • #108,928
  • Jan 1, 2009 6:30pm Jan 1, 2009 6:30pm
I'd be very careful with any longs on g/u right now... hasn't spent much time up here at these levels.. and fundamentally.. who knows... I'll have to have a VERY solid price action setup to go long g/u... but I may be a bit conservative.

Quoting Atondra
It dont look good at the moment.
DireXiv Make it happen, no one else is going to do it for you...
  • #108,929
  • Jan 1, 2009 6:35pm Jan 1, 2009 6:35pm
Already short, TP around 1.43
Give me patience
  • #108,930
  • Jan 1, 2009 6:41pm Jan 1, 2009 6:41pm
sounds reasonable
  • #108,931
  • Jan 1, 2009 6:51pm Jan 1, 2009 6:51pm
im looking to short GU too, but its managed to climb back above resistance which makes it scary to enter short here. everything depends on how it closes (on the daily) but at the present, this bounce seems to be running out of steam
  • #108,932
  • Edited 7:30pm Jan 1, 2009 7:09pm | Edited 7:30pm
very very jumpy movement on g/u right now.... doesn't make me feel all that comfortable taking a trade when 10 pips in 1 second either way.....

Edit: Well.. I got my price action.. full outside bar engulf on the m15... took the retrace and got 30 out of it... with this crazy fast and gappy movement I feel pretty good about that.... Next.
DireXiv Make it happen, no one else is going to do it for you...
  • #108,933
  • Jan 1, 2009 8:10pm Jan 1, 2009 8:10pm
well, if she breaks below the 50ema on the 15M I think we'll get some more south here.
Still too damn choppy, but managed to make out nicely.
Left a Long open from the other day and enjoyed the gap up to the tune of about 170 pips and then shorted right at R2 and enjoying the ride south.....

happy new year all !
  • #108,934
  • Jan 1, 2009 8:19pm Jan 1, 2009 8:19pm
Quoting Bullfx
Already short, TP around 1.43
AT what price you entered short ?
  • #108,935
  • Jan 1, 2009 8:29pm Jan 1, 2009 8:29pm
I hope it will move up when the eur session starts
  • #108,936
  • Jan 1, 2009 8:45pm Jan 1, 2009 8:45pm
Entered another long post @ 1.4630.
  • #108,937
  • Jan 1, 2009 9:26pm Jan 1, 2009 9:26pm
My short was nice, but now I'm on the sidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 122 KB
Just digging in the trenches like everyone else!
  • #108,938
  • Jan 1, 2009 10:00pm Jan 1, 2009 10:00pm
my trading platform says the market is closed??
I have a rate of 1.4592.
any one know whats happening?
Keep It Simple Stupid
  • #108,939
  • Jan 1, 2009 10:18pm Jan 1, 2009 10:18pm
Quoting Alastair
my trading platform says the market is closed??
I have a rate of 1.4592.
any one know whats happening?
Your broker and/or platform is closed. The market is open. I've had pricing and able to trade since 5:00pm EST. Good pippage so far!
Just digging in the trenches like everyone else!
  • #108,940
  • Jan 1, 2009 10:18pm Jan 1, 2009 10:18pm
Quoting Alastair
my trading platform says the market is closed??
I have a rate of 1.4592.
any one know whats happening?
Hi Alastair,
My 3 different brokers each opened at different times - you might have to check to see when yours is slated to open. Current mkt price I have is 1.4659
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