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Cable Update (GBPUSD)

  • #131,681
  • May 10, 2009 3:32pm May 10, 2009 3:32pm
hey deboo.........

How are you? Are you still having short bias?
BANDA333
  • #131,682
  • May 10, 2009 3:33pm May 10, 2009 3:33pm
well user nzd/jpy go up so buy it for short trade when market opens at monday morning
  • #131,683
  • May 10, 2009 3:54pm May 10, 2009 3:54pm
No gaps.

Well .. now that I look. Eur/JPY gapped up and GBP/USD seems to be right where it left off.
  • #131,684
  • May 10, 2009 4:16pm May 10, 2009 4:16pm
Dear Jack
GBP/USD must go down i think so . .. well Let see it reached my destination
  • #131,685
  • May 10, 2009 4:18pm May 10, 2009 4:18pm
Quoting Faryad
Dear Jack
GBP/USD must go down i think so . .. well Let see it reached my destination
I hope so too.

Dont risk too much on a short. It seems to be in between some larger levels so it could go either direction before actually choosing a direction.
  • #131,686
  • May 10, 2009 4:22pm May 10, 2009 4:22pm
GBPUSD PRICE LEVELS AND INFO are in this thread

http://www.forexfactory.com/showthre...=1#post2723994

http://www.imgphase.com/upload/img/8...5e3373abb5.gif
  • #131,687
  • May 10, 2009 4:26pm May 10, 2009 4:26pm
Now Guys,

Please... Push Gu Down for me!!!

Have a great Trading day (night) gang,
'Praying Shorts work out!!!
Wishin you the best on that Short Banda &-
Jack,

Jeff !
I will work to Objectively Identify my Edges
  • #131,688
  • May 10, 2009 4:49pm May 10, 2009 4:49pm
Quoting TerpFan2
Now Guys,

Please... Push Gu Down for me!!!

Have a great Trading day (night) gang,
'Praying Shorts work out!!!
Wishin you the best on that Short Banda &-
Jack,

Jeff !
Thanks! .. Not looking to take it yet. Risk is going to be too high and I don't like that!
  • #131,689
  • May 10, 2009 4:51pm May 10, 2009 4:51pm
Jack Kidnly inform me what r u waiting about ?
  • #131,690
  • May 10, 2009 4:56pm May 10, 2009 4:56pm
Quoting Faryad
Jack Kidnly inform me what r u waiting about ?
Going to wait and see which direction she chooses!
  • #131,691
  • May 10, 2009 5:12pm May 10, 2009 5:12pm
Hey buddy lets push this lady down........on your mark .....get ready? buddy I will pray for you .........I am also loosing big time on GBP short I still don't want to ditch my shorts as I think this can come down/ fast maybe during EU session ...............please god help..........my son need a new shoe pair please

Quoting TerpFan2
Now Guys,

Please... Push Gu Down for me!!!

Have a great Trading day (night) gang,
'Praying Shorts work out!!!
Wishin you the best on that Short Banda &-
Jack,

Jeff !
BANDA333
  • #131,692
  • May 10, 2009 5:12pm May 10, 2009 5:12pm
Jack inform me too !! if u get what u want okies thanks
  • #131,693
  • May 10, 2009 5:19pm May 10, 2009 5:19pm
Quoting BANDA
maybe?

Nice chart. I think as long as GU doesn't close higher than 1.53, then 1.47 is very possible in 1-2 weeks based on this 4H channel. It may get very choppy on the way down but 1.47 is a realistic target.
  • #131,694
  • Edited 5:39pm May 10, 2009 5:19pm | Edited 5:39pm
Quoting jack.canadia
Going to wait and see which direction she chooses!
Guys - some of the things I have been saying have started filtering through - see the news article just released 10 mins ago.

http://www.reuters.com/article/newsO...5446N120090506

While I said it was released 10 minutes ago (true!)- it was supposed to be released on Wednesday 6th May - obviously withheld for national economic well being reasons.
  • #131,695
  • May 10, 2009 5:30pm May 10, 2009 5:30pm
Quoting EricB
Guys - some of the things I have been saying have started filtering through - see the news article just released 10 mins ago.

http://www.reuters.com/article/newsO...5446N120090506
Wait for the slightest bit a bad news. The DOW, amongst other things, will drop like rocks.
  • #131,696
  • May 10, 2009 5:40pm May 10, 2009 5:40pm
Today - She'll go down. Will be choppy for awhile. Cheers.
{Promotion Removed}
  • #131,697
  • May 10, 2009 5:46pm May 10, 2009 5:46pm
Quoting jack.canadia
Wait for the slightest bit a bad news. The DOW, amongst other things, will drop like rocks.
Hi Jack

will that mean weaker dollar = stronger GBP ??
  • #131,698
  • May 10, 2009 5:49pm May 10, 2009 5:49pm
Quoting dimlat
Hi Jack

will that mean weaker dollar = stronger GBP ??
Stronger dollar across the board. This is only as it pertains to the global economy. If banks start to show weakness again, people will flock to a safe haven for their money, and that's cash, USD cash, which will increase the price of the USD much as it has since this all began.

I am not talking about a bad news release, I am talking about negative comments from Geitner or Bernanke, or some other shit to occur (i.e. Swine flu).
  • #131,699
  • May 10, 2009 5:50pm May 10, 2009 5:50pm
Quoting jack.canadia
Stronger dollar across the board. This is only as it pertains to the global economy. If banks start to show weakness again, people will flock to a safe haven for their money, and that's cash, USD cash, which will increase the price of the USD much as it has since this all began.

I am not talking about a bad news release, I am talking about negative comments from Geitner or Bernanke, or some other shit to occur (i.e. Swine flu).
**But never quote my fundamental knowledge, as I have none really. I moreso understand the broader concepts. I am more of a technical trader as you could probaly tell from my charts.
  • #131,700
  • May 10, 2009 5:56pm May 10, 2009 5:56pm
Even though they talk down of H1N1 aka swine flue it is kinda incipient and hog market already affected not to mention human health risk it impose .
This news also will strengthen the USD

http://news.bbc.co.uk/2/hi/business/7549428.stm

Exponential dollar weakness happened during NY session when other trading communities were gone for the week, so lets hope those rational traders come back and short the puppy........
BANDA333
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