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Cable Update (GBPUSD)

  • #131,881
  • May 12, 2009 5:06am May 12, 2009 5:06am
Quoting yahzeex
shorted cable at 1.5277 ,tp 1.5180
I dont see any short side right now where are all these short coming from ... 180 is a long way away in my opinion...The Uk figures have come out very positive.. We have had the retracement for the fall from 250 already so this means is a new higher ..even the next retracement will not fall lower than 1.5240 as of now..

Good Luck with your trade but ....God help you against the bulls....
Let Price determine your future!
  • #131,882
  • May 12, 2009 5:09am May 12, 2009 5:09am
Quoting deboooo2005
hi

1.5315 is important area if it broke ... we will see 1.5400 then 1.5472
A Very Logcal and good statement... I see exactly the same... but if you look at the retracement on cable it has been 2 step forward one step back... and we are just continually making new highs since we broke out this time round from 1.4950...

I have seen a lot of calls fro 1.4950..Cant see any reason for us in this week or next .......to hit that...

( The only bearish sign fundamentally is the Stock Market has started to top out and I can understand why because there has not been any major retracement even after 2000 pips.. but rest assured we still have a while to go...)

Good Luck for getting short buying dips for now...

Good Luck with you trades
Let Price determine your future!
  • #131,883
  • May 12, 2009 5:11am May 12, 2009 5:11am
It's thinking about 1.5295 whether or not it can crack it....
Hear the music before the song is over ...
  • #131,884
  • May 12, 2009 5:19am May 12, 2009 5:19am
Pretty clear thru 1.5239 support...
Hear the music before the song is over ...
  • #131,885
  • May 12, 2009 5:27am May 12, 2009 5:27am
I am not shorting anyway.
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  • #131,886
  • May 12, 2009 5:29am May 12, 2009 5:29am
Quoting Geppyg
A Very Logcal and good statement... I see exactly the same... but if you look at the retracement on cable it has been 2 step forward one step back... and we are just continually making new highs since we broke out this time round from 1.4950...

I have seen a lot of calls fro 1.4950..Cant see any reason for us in this week or next .......to hit that...

( The only bearish sign fundamentally is the Stock Market has started to top out and I can understand why because there has not been any major retracement even after 2000 pips.. but rest assured...

really i was long on morning @ 1.5097 and closed @ 1.5299

but i still see 4 hour chart momentum & stoch and MACD gathering strength and power

and on other side 15, 30, 60 mins chart ... looking for correction
  • #131,887
  • May 12, 2009 5:33am May 12, 2009 5:33am
seems like GBP$ has reached a resistance ...........next couple of hours vital
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BANDA333
  • #131,888
  • May 12, 2009 5:40am May 12, 2009 5:40am
Different daily.
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  • #131,889
  • May 12, 2009 5:42am May 12, 2009 5:42am
Quoting deboooo2005
really i was long on morning @ 1.5097 and closed @ 1.5299

but i still see 4 hour chart momentum & stoch and MACD gathering strength and power

and on other side 15, 30, 60 mins chart ... looking for correction
A very good trade ...and wow you didnt let one pip go I am impressed...
I built my longs on since 150 to be honest and cam out at 270..and now am on the sidelines...

We are at a very critical point I agreed but all I see is it stalling here and going higher......

I will try and post analysis on here every day as well....
It seems like we have a lot more sensible members on this thread as well..

Good Luck all
Let Price determine your future!
  • #131,890
  • May 12, 2009 5:43am May 12, 2009 5:43am
Quoting juhanimi
Different daily.
Come on Buddy Your trendlines are all over the place...You can see the channel is perfectly drawn in the other instance so you can see resistance....
Let Price determine your future!
  • #131,891
  • May 12, 2009 5:50am May 12, 2009 5:50am
Another thing to note is the daily range of cable...so we can see how much more higher can we go today...my thoughts not more than 325...
Let Price determine your future!
  • #131,892
  • May 12, 2009 5:58am May 12, 2009 5:58am
It`s different daily. That`s all I said.


http://www.mizuho-cb.co.uk/TresInternet/PDF'S/gbp.pdf
  • #131,893
  • May 12, 2009 5:59am May 12, 2009 5:59am
Quoting juhanimi
It`s different daily. That`s all I said.


http://www.mizuho-cb.co.uk/TresInternet/PDF'S/gbp.pdf
I understand what you are saying..and you are right..
Let Price determine your future!
  • #131,894
  • May 12, 2009 6:01am May 12, 2009 6:01am
90 minutes from now ... important US news ...Trade Balance
  • #131,895
  • May 12, 2009 6:08am May 12, 2009 6:08am
Hello Jack
Try that one
GBP/USD

Sell at 1.5357
Stop at 1.542
Target 1 at 1.5267
Target 2 at 1.5192
  • #131,896
  • May 12, 2009 6:12am May 12, 2009 6:12am
Quoting deboooo2005
90 minutes from now ... important US news ...Trade Balance
that would explain lack of direction for the time being - thaks for heads-up
  • #131,897
  • May 12, 2009 6:13am May 12, 2009 6:13am
dow futures dropping
  • #131,898
  • May 12, 2009 6:16am May 12, 2009 6:16am
can i ask the more experienced traders - how does one trade the news..........or is it better to wait until dust settles??
  • #131,899
  • May 12, 2009 6:30am May 12, 2009 6:30am
back to 5140...london bridge is falling down falling down falling down.....
- Always pray on your trading - God know the best for everyone
  • #131,900
  • May 12, 2009 6:34am May 12, 2009 6:34am
Quoting Geppyg
NO WAY NO SELLING....
309 is the next target matey
I got this one right exactly to the point......it is just so amazing how a call can made from charts so perfectly....
Let Price determine your future!
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