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Cable Update (GBPUSD)

  • #109,601
  • Jan 7, 2009 5:09am Jan 7, 2009 5:09am
Quoting msniper
i left half for the break up
If it break it will go to 1.5300
  • #109,602
  • Jan 7, 2009 5:11am Jan 7, 2009 5:11am
Hi all... Thinking of taking a short here with tight SL... too risky?
  • #109,603
  • Jan 7, 2009 5:15am Jan 7, 2009 5:15am
Quoting nu-bie
Hi all... Thinking of taking a short here with tight SL... too risky?
Same thinking here....just entered short @ 1.4920
  • #109,604
  • Jan 7, 2009 5:32am Jan 7, 2009 5:32am
waiting the best momentum to go long.
  • #109,605
  • Jan 7, 2009 5:44am Jan 7, 2009 5:44am
i see hidden divergence, buy @ 1.4927

up honey
  • #109,606
  • Jan 7, 2009 5:47am Jan 7, 2009 5:47am
Quoting uut
waiting the best momentum to go long.
Now!
  • #109,607
  • Jan 7, 2009 5:49am Jan 7, 2009 5:49am
so what is the long target 1.52?
  • #109,608
  • Jan 7, 2009 5:55am Jan 7, 2009 5:55am
Quoting uut
so what is the long target 1.52?
Lets see how strong it can break 1.50...
  • #109,609
  • Jan 7, 2009 5:59am Jan 7, 2009 5:59am
Euro/GBP has broken the support at 9125 and has closed below.

Expecting a retest of that level, hopefully will act as a good resistance, and then take a long on cable.
  • #109,610
  • Jan 7, 2009 6:01am Jan 7, 2009 6:01am
on 15 min reversal candle just formed to short with stop above it.
  • #109,611
  • Jan 7, 2009 6:07am Jan 7, 2009 6:07am
Quoting steelhead
I havent tradede the pound ive been trading uj au and euro/aussie this week. I want a solid four hour close so if there wasnt one at 4920 I wait.
So in this EURUSD chart the 4hr solid candle closing low in my target range 13400-13293 is an example of the clues you look for?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd070109.jpg Size: 167 KB
  • #109,612
  • Jan 7, 2009 6:11am Jan 7, 2009 6:11am
[quote=Vourvoul;2453956]Euro/GBP has broken the support at 9125 and has closed below.

Dun wait too long to jump on....
  • #109,613
  • Jan 7, 2009 6:21am Jan 7, 2009 6:21am
Quoting blurrcow
Dun wait too long to jump on....
It's not up to me but up to the chart... if there is no retest I will not take the trade.

Besides, today, I am mainly thinking of a good setup to sell hopefully keeping it for tomorrow
  • #109,614
  • Jan 7, 2009 6:21am Jan 7, 2009 6:21am
Quoting blurrcow
Lets see how strong it can break 1.50...
if cable manage to break 1.5167 will open the way to 1.5288 , 1.5585
  • #109,615
  • Jan 7, 2009 6:24am Jan 7, 2009 6:24am
GU TARGET right now is 1.5020 after we broke the flag
  • #109,616
  • Jan 7, 2009 6:24am Jan 7, 2009 6:24am
Resistance at 1.4965 area. Which is also the 161.8 Fibonacci Level and major trendline.
"The trend is your friend, until the end."
  • #109,617
  • Jan 7, 2009 6:25am Jan 7, 2009 6:25am
Quoting Vourvoul
It's not up to me but up to the chart... if there is no retest I will not take the trade.

Besides, today, I am mainly thinking of a good setup to sell hopefully keeping it for tomorrow
it will be very nice to short from today high which not yet done. but it should be around 1.5191 or 1.5235
  • #109,618
  • Jan 7, 2009 6:27am Jan 7, 2009 6:27am
Quoting ForexRookie
Resistance at 1.4965 area. Which is also the 161.8 Fibonacci Level and major trendline.
i think it's already broken
  • #109,619
  • Jan 7, 2009 6:27am Jan 7, 2009 6:27am
Quoting Abuawad
if cable manage to break 1.5167 will open the way to 1.5288 , 1.5585

Shorts are coming into play. Please break above 1.5 getting most on here to go long the break. then I can short it and make some coin

Its breaking it time for everyone to go long
Attached Image (click to enlarge)
Click to Enlarge Name: je5.jpg Size: 63 KB
  • #109,620
  • Jan 7, 2009 6:28am Jan 7, 2009 6:28am
Quoting Abuawad
it will be very nice to short from today high which not yet done. but it should be around 1.5191 or 1.5235
Yes, a good range to watch closely.
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