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Cable Update (GBPUSD)

  • #132,001
  • May 12, 2009 7:35pm May 12, 2009 7:35pm
I've taken the dive.
Shorted GU 1.5315!
S/L 1.5350
1st T/P 1.5220
2nd T/P 1.5120

  • #132,002
  • May 12, 2009 7:50pm May 12, 2009 7:50pm
Quoting forex_sake
I've taken the dive.
Shorted GU 1.5315!
S/L 1.5350
1st T/P 1.5220
2nd T/P 1.5120

That's very brave. I see it going to 1.54 today.
  • #132,003
  • May 12, 2009 8:04pm May 12, 2009 8:04pm
Quoting Ipips
That's very brave. I see it going to 1.54 today.
I guess it'll have to be just a humble 100 pips then (based on H4 fast stoch)!
  • #132,004
  • May 12, 2009 8:05pm May 12, 2009 8:05pm
Quoting Ipips
That's very brave. I see it going to 1.54 today.
Possibly 1.55 or 1.56 too by the week end...
  • #132,005
  • May 12, 2009 8:11pm May 12, 2009 8:11pm
Quoting zapper
Possibly 1.55 or 1.56 too by the week end...
hmm..i kind of doubt that. I think a major pullback will come this week.
  • #132,006
  • May 12, 2009 8:12pm May 12, 2009 8:12pm
it is choppy so maybe have to wait for EU session.............
BANDA333
  • #132,007
  • May 12, 2009 8:34pm May 12, 2009 8:34pm
Quoting BANDA
it is choppy so maybe have to wait for EU session.............
EU might have some good size deals on...
  • #132,008
  • May 12, 2009 9:41pm May 12, 2009 9:41pm
I think GBPUSD still moving up, but watch correction

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Rectangle Patterns

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  • #132,009
  • May 12, 2009 9:45pm May 12, 2009 9:45pm
cable is very strong, doesn't anybody else see chance for a pullback before going up again?
  • #132,010
  • May 12, 2009 9:48pm May 12, 2009 9:48pm
Quoting fammira
cable is very strong, doesn't anybody else see chance for a pullback before going up again?
I see a potentially good pullback once it hits 1.54. Could pull back a few hundred pips from that point...
  • #132,011
  • May 12, 2009 10:28pm May 12, 2009 10:28pm
here GBPUSD support resistance level

Attached Image (click to enlarge)
Click to Enlarge Name: forex.GIF Size: 14 KB


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History Level GBPUSD

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  • #132,012
  • Edited 10:46pm May 12, 2009 10:36pm | Edited 10:46pm
Quoting Ipips
I see a potentially good pullback once it hits 1.54. Could pull back a few hundred pips from that point...
seems like is losing some momentum, everyone see it at 1,55 - 1,56 but I am still quite concerned after the last two weeks ride

anyway market's never wrong
I am short at 1,5307 but seat belts are well fastened

also, I agree on your view, it may go up more towards 1,54 before going back to 1,50 - 1,52
  • #132,013
  • May 12, 2009 11:10pm May 12, 2009 11:10pm
anybody going long now???
  • #132,014
  • May 12, 2009 11:11pm May 12, 2009 11:11pm
where is your tp fammira? mine is 5196..
  • #132,015
  • May 12, 2009 11:40pm May 12, 2009 11:40pm
usually there is big drop after flying high
i remember weeks ago, when it first time reach 5200, then big drop coming (about a day after) bring it down to 149xx....then its up again.

this time a bit too fast to 53...
51 will be ok to drop

just my opinion
- Always pray on your trading - God know the best for everyone
  • #132,016
  • May 13, 2009 12:22am May 13, 2009 12:22am
1.5281 good support. Next target 1.5361.
Hear the music before the song is over ...
  • #132,017
  • May 13, 2009 12:28am May 13, 2009 12:28am
The effect of yesterday's surprise-news dissipated as quickly as it first materialized. Price break above 1.5328 is bullish at least until GBP-news release.
Hear the music before the song is over ...
  • #132,018
  • May 13, 2009 12:39am May 13, 2009 12:39am
Is the FiboExpansion in the right place?
Attached Image (click to enlarge)
Click to Enlarge Name: 6.gif Size: 14 KB
  • #132,019
  • May 13, 2009 12:57am May 13, 2009 12:57am
Quoting fxzan
where is your tp fammira? mine is 5196..
I took profit at 1,528xx

I am now waiting for a new upmove in the 1,5370 - 85 to short it again
if it goes there in my opinion it could come down before making new highs next week, oversold now...
  • #132,020
  • May 13, 2009 1:56am May 13, 2009 1:56am
Is gbp/usd will go down or will break 1.5350 ?
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