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Cable Update (GBPUSD)

  • #109,621
  • Jan 7, 2009 6:29am Jan 7, 2009 6:29am
Quoting blurrcow
Lets see how strong it can break 1.50...
  • #109,622
  • Jan 7, 2009 6:31am Jan 7, 2009 6:31am
are you short yet steelhead?
It's my opinion that the bulls are going to start crossing over to the bear side soon and downward pressure will resume.
  • #109,623
  • Jan 7, 2009 6:31am Jan 7, 2009 6:31am
Quoting blurrcow
Next 1.5165 then 1.5240 & 1.5288
  • #109,624
  • Jan 7, 2009 6:31am Jan 7, 2009 6:31am
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
It would be the dream position to hold till tomorrow. I have been flat all day on cable waiting for this high.

I'd be very suprised if price manages to go through 1.52, but if it does I will be looking for the short at 1.5250

Mind you if this scenario plays out, we will have a beautiful H&S on the daily!
  • #109,625
  • Jan 7, 2009 6:33am Jan 7, 2009 6:33am
Quoting spintrader
are you short yet steelhead?
It's my opinion that the bulls are going to start crossing over to the bear side soon and downward pressure will resume.
waiting for my four hour close in 30 minutes to decide
  • #109,626
  • Jan 7, 2009 6:42am Jan 7, 2009 6:42am
1.5038 will be break
  • #109,627
  • Jan 7, 2009 6:42am Jan 7, 2009 6:42am
Quoting Abuawad
Next 1.5165 then 1.5240 & 1.5288
60% off loaded at 1.5033.... YUMMY!!


Rest tgt 1.5115... stop at 1.5005....


  • #109,628
  • Jan 7, 2009 6:45am Jan 7, 2009 6:45am
Quoting Vourvoul
It would be the dream position to hold till tomorrow. I have been flat all day on cable waiting for this high.

I'd be very suprised if price manages to go through 1.52, but if it does I will be looking for the short at 1.5250

Mind you if this scenario plays out, we will have a beautiful H&S on the daily!
yeah i reckon we will have h&s similar to the massive one before when the US had their rate cut decision.
That one moved up 350 pips from the top of the right shoulder. If it was to do the same here we would see 1.5350 before coming down again
  • #109,629
  • Jan 7, 2009 6:59am Jan 7, 2009 6:59am
Quoting PipLand
yeah i reckon we will have h&s similar to the massive one before when the US had their rate cut decision.
That one moved up 350 pips from the top of the right shoulder. If it was to do the same here we would see 1.5350 before coming down again
1.5350 hmmm that's to far far away
i think 1.52 is a good resistance, maybe can little up from the 1.52 then we can see down / up ?? if the british cut 1% then it should be big down
  • #109,630
  • Jan 7, 2009 7:00am Jan 7, 2009 7:00am
Short @ 1.5045.
This baby gonna drop like bomb soon...i hope
  • #109,631
  • Jan 7, 2009 7:01am Jan 7, 2009 7:01am
Quoting Atondra
Short @ 1.5045.
This baby gonna drop like bomb soon...i hope

short the same place I am
  • #109,632
  • Jan 7, 2009 7:01am Jan 7, 2009 7:01am
quite strange, Eu stay the same but GU increase 200 p
Give me patience
  • #109,633
  • Jan 7, 2009 7:02am Jan 7, 2009 7:02am
Has anybody got any insight into the ADP Non-Farm Employment Change release in about 15 minutes?
"The trend is your friend, until the end."
  • #109,634
  • Jan 7, 2009 7:02am Jan 7, 2009 7:02am
i cant see any reason to short this yet
  • #109,635
  • Jan 7, 2009 7:02am Jan 7, 2009 7:02am
Quoting steelhead
short the same place I am
early to be sure
  • #109,636
  • Jan 7, 2009 7:03am Jan 7, 2009 7:03am
Quoting blurrcow
so eveyone is holding your long position . . .
i'm exhausted and sleepy . .
  • #109,637
  • Jan 7, 2009 7:03am Jan 7, 2009 7:03am
Quoting dashboard
1.5350 hmmm that's to far far away
i think 1.52 is a good resistance, maybe can little up from the 1.52 then we can see down / up ?? if the british cut 1% then it should be big down
At some point yesterday we thought that 1.5000 was far away too....

I think 5330 area is a real possibility is we get past 518x....
Patience + Discipline - Greed = Success
  • #109,638
  • Jan 7, 2009 7:05am Jan 7, 2009 7:05am
Quoting steelhead
short the same place I am
What s/l did you allow?
  • #109,639
  • Jan 7, 2009 7:07am Jan 7, 2009 7:07am
Quoting Infinity
At some point yesterday we thought that 1.5000 was far away too....

I think 5330 area is a real possibility is we get past 518x....
id be surprised if we dont get past 518x yesterdays price action formed a bull flag so should be good for a few pips more
  • #109,640
  • Jan 7, 2009 7:08am Jan 7, 2009 7:08am
Quoting Atondra
Short @ 1.5045.
This baby gonna drop like bomb soon...i hope
I hope you are on DEMO
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