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Cable Update (GBPUSD)

  • #130,321
  • Apr 23, 2009 2:16am Apr 23, 2009 2:16am
Quoting jack.canadia
Wedding bells.... wait for ittttt
nice one,do u expect it to come down after 4700
  • #130,322
  • Apr 23, 2009 2:19am Apr 23, 2009 2:19am
Quoting sometospend
nice one,do u expect it to come down after 4700
I can't predict the future (DISCLAIMER)

But, yes I do expect there to be selling at 4700 IF IF IF *key word* we get there. We havent broken 4600 yet.

Selling could happen now, or at any price between 4600 and 4700 so just watch and let the market tell you its ready to turn!

Good luck.
  • #130,323
  • Apr 23, 2009 2:26am Apr 23, 2009 2:26am
Im off to bed.

Long from 4535 covered at 4550, TP 4635 (to hopefully ensure I get a hit while im sleeping!)

Gnight and good luck all.
  • #130,324
  • Apr 23, 2009 2:30am Apr 23, 2009 2:30am
My today's Speculation is to Buy Above 1.4516 or to Sell Below 1.4464.....Remember to put your Stop Loss....

just an idea
  • #130,325
  • Apr 23, 2009 2:31am Apr 23, 2009 2:31am
Quoting Bull_Bear
I'm not gonna engaged into your antics. You play your hand and i'll play mine. 1.4700 is my target....... Right now i''m in love with my long position
Couldn't agree less. Trade what you see.

The Charts and even the news favour a bullish trend. Just scared of the current EU trend. Might pull down GU with it.

wht's ur TP and SL?
In all your ways acknowledge Him and He will direct your path.
  • #130,326
  • Apr 23, 2009 2:35am Apr 23, 2009 2:35am
Good morning Alcado..what happened to Abuawad?.....oh Abu where ar THOU?

  • #130,327
  • Apr 23, 2009 2:44am Apr 23, 2009 2:44am
Quoting alfamichi
Good morning Alcado..what happened to Abuawad?.....oh Abu where ar THOU?

abuawad said... trade on what u see today..
  • #130,328
  • Apr 23, 2009 2:45am Apr 23, 2009 2:45am
Quoting OmegaFire
Couldn't agree less. Trade what you see.

The Charts and even the news favour a bearish trend

wht's ur TP and SL?

TP 1.4700.... SL... 1.4580

Short term trend is bullish, the sail is taken out of the cable, as the major move back has taken over 61.8% of last nights move. For continuation of the downside the 61.8% should be strong enough the contain the up move. EUR/US is sitting above the 1.3000 level and rising.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,329
  • Apr 23, 2009 2:47am Apr 23, 2009 2:47am
Quoting Bull_Bear
EUR/US is sitting above the 1.3000 level and rising.....
Waiting for fall ...
{Promotion Removed}
  • #130,330
  • Apr 23, 2009 2:50am Apr 23, 2009 2:50am
Quoting forexsys1
Waiting for fall ...
what was resistance will become support.... remember 1.3000 level is a pretty major brick wall....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,331
  • Apr 23, 2009 2:53am Apr 23, 2009 2:53am
Quoting sidelli
abuawad said... trade on what u see today..
IS NOT WHAT I MEAN..I HAVE NOT SEEN HIM IN THE FORUM FOR OVER A WHILE NOW..NOT TO TRADE WITH HIM...DON'T YOU CARE FOR PEOPLE?

  • #130,332
  • Apr 23, 2009 3:00am Apr 23, 2009 3:00am
Hello mate, thanks for the interest. I am sitting quietly and riding the rodeo. No bias on direction as she has plenty of resistance in the way so just selling resistance and buying support and banking some pips at +30 each time. How u doing?

Quoting alfamichi
Good morning Alcado..what happened to Abuawad?.....oh Abu where ar THOU?

Ride the Bulls bearback!
  • #130,333
  • Apr 23, 2009 3:12am Apr 23, 2009 3:12am
Quoting alcando
Hello mate, thanks for the interest. I am sitting quietly and riding the rodeo. No bias on direction as she has plenty of resistance in the way so just selling resistance and buying support and banking some pips at +30 each time. How u doing?
Thanks bros..i keep saying it in this forum..the key to making green pips is to buy from P and sell from R....SCALPING .. if it is the best word...MOSTLY ON A Neutral market like this..when Boillingar bands and Oscillators are neutral
  • #130,334
  • Apr 23, 2009 3:40am Apr 23, 2009 3:40am
Quoting Bull_Bear
what was resistance will become support.... remember 1.3000 level is a pretty major brick wall....
Getting uncomfortble with the bouncing. I take 10pips and give back 15. Will wait for a clean break to re-enter LONG.

What do you thinks Bull-Bear?
In all your ways acknowledge Him and He will direct your path.
  • #130,335
  • Apr 23, 2009 3:50am Apr 23, 2009 3:50am
Quoting OmegaFire
Getting uncomfortble with the bouncing. I take 10pips and give back 15. Will wait for a clean break to re-enter LONG.

What do you thinks Bull-Bear?
I'm holding long EUR and GBP... EUR got a nice bounce of 1.3000. I favour 1.3000 support over 1.3050/60 resistence. I've got SL & TP (posted earlier) in place, let price action play itself out.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,336
  • Apr 23, 2009 4:13am Apr 23, 2009 4:13am
strange that gbp resists climbing up when eur/usd is going up, could it mean change in direction, going down?
  • #130,337
  • Apr 23, 2009 4:18am Apr 23, 2009 4:18am
Quoting Endrju
strange that gbp resists climbing up when eur/usd is going up, could it mean change in direction, going down?
Have a look at your price action of EUR/GBP
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #130,338
  • Apr 23, 2009 4:35am Apr 23, 2009 4:35am
Quoting Bull_Bear
Have a look at your price action of EUR/GBP
but the change is not much..is just between -0.0017-13
  • #130,339
  • Apr 23, 2009 4:39am Apr 23, 2009 4:39am
Quoting Endrju
strange that gbp resists climbing up when eur/usd is going up, could it mean change in direction, going down?
Not at the momment mate ..These Pair have been out of sync for quite a while....
Let Price determine your future!
  • #130,340
  • Apr 23, 2009 4:44am Apr 23, 2009 4:44am
o.k., but i still will have my view towards downside. gonna keep scalping on the way down
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