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Cable Update (GBPUSD)

  • #131,941
  • May 12, 2009 8:45am May 12, 2009 8:45am
Quoting zapper
We are forming a shoulder from another viewpoint.
True that. ... As a precaution to fake out "the Universe" I always trade the opposite of what I see. (Just kidding)
Doh! I didn't mean to do that.
  • #131,942
  • May 12, 2009 8:53am May 12, 2009 8:53am
now waiting for this to close below 1.5240 then it will rocket down ......... anybody has a good size crystal ball to catch all the movements?
Attached Image (click to enlarge)
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BANDA333
  • #131,943
  • May 12, 2009 8:54am May 12, 2009 8:54am
dont see any reason not to go for a quick 30 pip countertrend trade though..
  • #131,944
  • May 12, 2009 9:01am May 12, 2009 9:01am
Hi Guys, Did everyone else have that 50pip spike at 14.00 hrs GMT.

I had short on from 1.5343 60pips in profit.Moved SL to 1.5325

It lasted less than 2minutes. If you dont have the spike ill say brokers name.

I reshorted again at 1.5294 after.
Attached Image (click to enlarge)
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  • #131,945
  • May 12, 2009 9:05am May 12, 2009 9:05am
Sitting on 1.5239 support.
1.5239-1.5294 expressway--no major barriers.
Hear the music before the song is over ...
  • #131,946
  • May 12, 2009 9:10am May 12, 2009 9:10am
london bridge is going down...x 3
- Always pray on your trading - God know the best for everyone
  • #131,947
  • May 12, 2009 9:10am May 12, 2009 9:10am
man it cracked the support 1.5240 without trouble let see if she want to have a breather around..........1.5190............... maybe she want to rocket down deep down?
BANDA333
  • #131,948
  • May 12, 2009 9:10am May 12, 2009 9:10am



Quoting kingindian
london bridge is going down...x 3
BANDA333
  • #131,949
  • May 12, 2009 9:12am May 12, 2009 9:12am
market is like Friday and moving in same way result was against USD and market went down instead to go up but be careful its temporary down and correcting at this time anytime it could up?what do you think guys?


Ub
  • #131,950
  • May 12, 2009 9:14am May 12, 2009 9:14am
I see new a new daily low set before a new strong rise
  • #131,951
  • May 12, 2009 9:15am May 12, 2009 9:15am
Now in fibo 50
  • #131,952
  • May 12, 2009 9:16am May 12, 2009 9:16am
Only a break above 1.5328 will stop this surprise-news induced bear move.
Hear the music before the song is over ...
  • #131,953
  • May 12, 2009 9:17am May 12, 2009 9:17am
Quoting BANDA
so sweet...my friend!
i have sing it since some previous page...
- Always pray on your trading - God know the best for everyone
  • #131,954
  • May 12, 2009 9:18am May 12, 2009 9:18am
What make you think it want to go up again?
maybe u.k government concerned about quick appreciation of GBP.........and released job number early? Stronger the GBP then u.k exports not competitive.........


Think still possibility of a move south for the day............even to give up all the gains against USD for the today..............

Quoting ubaidahsan
market is like Friday and moving in same way result was against USD and market went down instead to go up but be careful its temporary down and correcting at this time anytime it could up?what do you think guys?


Ub
BANDA333
  • #131,955
  • May 12, 2009 9:19am May 12, 2009 9:19am
Man you sounds like good singer.............sing loud.............. please

Quoting kingindian
so sweet...my friend!
i have sing it since some previous page...
BANDA333
  • #131,956
  • May 12, 2009 9:22am May 12, 2009 9:22am
Quoting BANDA
What make you think it want to go up again?
maybe u.k government concerned about quick appreciation of GBP.........and released job number early? Stronger the GBP then u.k exports not competitive.........


Think still possibility of a move south for the day............even to give up all the gains against USD for the today..............
thanks buddy but i am stuck in one long and forgot to put SL and now my sell and buy are lock one in profit and one in loss so what to do wait or what?advice please


Ub
  • #131,957
  • May 12, 2009 9:23am May 12, 2009 9:23am
Quoting BANDA
Man you sounds like good singer.............sing loud.............. please
surely mate!
Fergie's version sounds more sexy...!
- Always pray on your trading - God know the best for everyone
  • #131,958
  • May 12, 2009 9:24am May 12, 2009 9:24am
Waiting for market to scratch the 1.5257 point before we skyrocket...
  • #131,959
  • May 12, 2009 9:24am May 12, 2009 9:24am
Quoting ubaidahsan
thanks buddy but i am stuck in one long and forgot to put SL and now my sell and buy are lock one in profit and one in loss so what to do wait or what?advice please


Ub

1.5239 support appears to be holding.
Hear the music before the song is over ...
  • #131,960
  • May 12, 2009 9:25am May 12, 2009 9:25am
in my opinion, we will likely visit 1.54 tomorrow where the great resistance is..
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