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Cable Update (GBPUSD)

  • #110,481
  • Edited 6:16am Jan 9, 2009 6:15am | Edited 6:16am
around 1.5325/30 possible resistance/supply level
  • #110,482
  • Jan 9, 2009 6:17am Jan 9, 2009 6:17am
Quoting Shermenator
I am short in gbpusd
I hope for you buddy...
They've cut the leg's out from under her @the 1/4's...
But w/a "Suck" NFP about to hit and that nice
big "Reversal", w/London wanting her just to tred
water w/her Kneck above the 1.53 water...

Idunno.
Hopefully you'll have some week-long profiteer's! !
Rookie move on my part,
-ShouldA stayed long above 1.53!
Wish ya the best,
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #110,483
  • Jan 9, 2009 6:19am Jan 9, 2009 6:19am
short 5311
  • #110,484
  • Jan 9, 2009 6:21am Jan 9, 2009 6:21am
Quoting PipLand
short 5311
might add as well if the 15min close nicely below the trendline
  • #110,485
  • Jan 9, 2009 6:22am Jan 9, 2009 6:22am
Mr. Obama said. "When I am president, the United States will stand shoulder to shoulder with Israel," Mr. Obama told the National Jewish Democratic Council in February of 2007.
Attached Image
When life gives you lemons, make lemonade
  • #110,486
  • Jan 9, 2009 6:22am Jan 9, 2009 6:22am
Quoting Shermenator
I am short in gbpusd
AT what level you enter short sherm ?
  • #110,487
  • Jan 9, 2009 6:26am Jan 9, 2009 6:26am
Quoting micho
Mr. Obama said. "When I am president, the United States will stand shoulder to shoulder with Israel," Mr. Obama told the National Jewish Democratic Council in February of 2007.
M i c h O Buddy...
You come in @just the right time too ehh!

Takin profit's already done i bet too???
-Or are you on the slow boat to 1.55 ... !
We shall see...

It was "classical" London Run 'er down, then
London Run her back up. 'Gotta keep that currency as strong
as possible! !
Have a great one bud, rap @you more,

Jeff...
I will work to Objectively Identify my Edges
  • #110,488
  • Jan 9, 2009 6:28am Jan 9, 2009 6:28am
well hi all, i miss you... everyone...

looking at the weekly charts... a target area have been hit (1.452x called since 3 weeks ago) and expecting a bullish weekly close... i wouldn't want to sell here
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 32 KB
When life gives you lemons, make lemonade
  • #110,489
  • Jan 9, 2009 6:29am Jan 9, 2009 6:29am
She is testing 1.5339. If she breaks thro` next target is 1.5431.
  • #110,490
  • Jan 9, 2009 6:29am Jan 9, 2009 6:29am
Quoting TerpFan2
M i c h O Buddy...
You come in @just the right time too ehh!

Takin profit's already done i bet too???
-Or are you on the slow boat to 1.55 ... !
We shall see...

It was "classical" London Run 'er down, then
London Run her back up. 'Gotta keep that currency as strong
as possible! !
Have a great one bud, rap @you more,

Jeff...
hi jeff buddy
hope you are fine in 2009
i didnt trade since few weeks, im so busy with my work and also pissed up about whats happening in palestine.. anyway we keep in touch from time to time
When life gives you lemons, make lemonade
  • #110,491
  • Jan 9, 2009 6:30am Jan 9, 2009 6:30am
is it just me or does gbpcad 30m/h1 look awfully like it's making h&s?

and what about eurgbp, does 2 day pinbar count?

is this a possible setup?
  • #110,492
  • Jan 9, 2009 6:31am Jan 9, 2009 6:31am
Quoting micho
well hi all, i miss you... everyone...

looking at the weekly charts... a target area have been hit (1.452x called since 3 weeks ago) and expecting a bullish weekly close... i wouldn't want to sell here
hey micho buddy welcome back.
  • #110,493
  • Jan 9, 2009 6:32am Jan 9, 2009 6:32am
I took my short at 5290

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
  • #110,494
  • Jan 9, 2009 6:34am Jan 9, 2009 6:34am
Quoting micho
hi jeff buddy
hope you are fine in 2009
i didnt trade since few weeks, im so busy with my work and also pissed up about whats happening in palestine.. anyway we keep in touch from time to time
You got it Bro...!
Happy New Year as well...

Kept outta trading as well to get elderly parents squared away,
during the Christmas/Holiday break time.
Like you-Too much in life 'been busy with.
The trading will come for us bud.
That's a "give-in", for sure.
Wishing you the best for 2009 my man!
Terrapin Pipper,

Jeff !
I will work to Objectively Identify my Edges
  • #110,495
  • Jan 9, 2009 6:37am Jan 9, 2009 6:37am
Quoting TerpFan2
You got it Bro...!
Happy New Year as well...

Kept outta trading as well to get elderly parents squared away,
during the Christmas/Holiday break time.
Like you-Too much in life 'been busy with.
The trading will come for us bud.
That's a "give-in", for sure.
Wishing you the best for 2009 my man!
Terrapin Pipper,

Jeff !
thanks man

see you all laters take care
When life gives you lemons, make lemonade
  • #110,496
  • Jan 9, 2009 6:46am Jan 9, 2009 6:46am
daily candle still has some range left in it- only around 220 pips so far- lately range has exceeded 300+ pips- if the low for the day is already in , that could give a upside target of about 1.5460/90-- since the 1.5325/30 area gave way will probably at least target 1.5377--however being Friday and NFP plus employment data due out--any thing can happen
  • #110,497
  • Jan 9, 2009 6:50am Jan 9, 2009 6:50am
I remember back in December 2004 when the Euro was trading around the level it is at now, the GBP was trading around 1.95. The EUR/GBP traded in about a 500 point range for the whole of 2004 - 0.65 - 0.70 (give or take). As other posters have said previously, it's always a good idea to keep an eye on EUR/GBP to help explain those days when the EUR goes down and the GBP goes up against the US$. It's a pretty powerful cross pair.
Nothing worth having is easy.
  • #110,498
  • Jan 9, 2009 7:02am Jan 9, 2009 7:02am
i reckon we will at least see 5030 before we break 5400. Im still short from 5311, will just have to wait and see
  • #110,499
  • Jan 9, 2009 7:05am Jan 9, 2009 7:05am
Quoting PipLand
i reckon we will at least see 5030 before we break 5400. Im still short from 5311, will just have to wait and see
So, what's your target?
  • #110,500
  • Jan 9, 2009 7:06am Jan 9, 2009 7:06am
Quoting PipLand
i reckon we will at least see 5030 before we break 5400. Im still short from 5311, will just have to wait and see
be careful man. 5400 could be taken out within minutes of NFP, then subesequently fly south, via a vicious whipsaw.

there will be clearer entry points later today, after job numbers, me thinks. if not, i'm out until Monday.
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