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Cable Update (GBPUSD)

  • #132,801
  • May 18, 2009 12:55pm May 18, 2009 12:55pm
Quoting krishna
thanks jack i m expecting too 1.5100,but little scared because eurgbp is not moving up at the same time...any way lets see we hope for the best results....

cable is being slow poison now,1.5300 has been hitted 3 times in 30 minutes but unable to break,& now it can break even high for a while to take a stop loss...lets see

always remember.....
"HAPPY TADE PATIENCE PAYS"
LIVE LOVE LAUGH KRISHNA
  • #132,802
  • May 18, 2009 1:08pm May 18, 2009 1:08pm
hi i have two trades going on since last weeks , one aud/usd minus 420pips,and usd/cad minus 390 , do u guys think us $ strenthen or i should close them , i never pul sl ,i closed one trade yesterday eur/jpy positive 440 pips thanx for ur advice
  • #132,803
  • May 18, 2009 1:10pm May 18, 2009 1:10pm
Hi

cable going to test 15 december 2008 high 1.5379
  • #132,804
  • May 18, 2009 1:12pm May 18, 2009 1:12pm
Cable has been ranging from 1.51-1.53 for the last couple days, I do hope she will go down again. But who knows. Just wait and see what happen next.
  • #132,805
  • May 18, 2009 1:16pm May 18, 2009 1:16pm
Quoting deboooo2005
hello Jack

i could hit the BE
Ya I know. Im not far enough in the green to lock in any without risking a pre-mature stop out. BE is fine for now.
  • #132,806
  • May 18, 2009 1:56pm May 18, 2009 1:56pm
knock it off... the pair is preparing for 1.6 or even 1.7
  • #132,807
  • May 18, 2009 2:18pm May 18, 2009 2:18pm
Quoting zapper
knock it off... the pair is preparing for 1.6 or even 1.7
The bog boys have stopped it falling as they have big bets on - but the moment fundamental weakness arrives they will pul out letting it drop - UK Govt in crisis, no clear lead in party, no good ideas on recovery. BoE as the only legitimate leader with good economic ideas. They have not let the minoir news affect price action but lets wait and see.
  • #132,808
  • May 18, 2009 2:24pm May 18, 2009 2:24pm
But the question is WHEN the shit is coming out..!
  • #132,809
  • May 18, 2009 2:25pm May 18, 2009 2:25pm
Quoting EricB
The bog boys have stopped it falling as they have big bets on - but the moment fundamental weakness arrives they will pul out letting it drop - UK Govt in crisis, no clear lead in party, no good ideas on recovery. BoE as the only legitimate leader with good economic ideas. They have not let the minoir news affect price action but lets wait and see.
ya... that seems fair enough. And the pair has been failing to breakout of the tight range for days... holding the Monthly trend look like it`s not reversing now...
  • #132,810
  • May 18, 2009 2:54pm May 18, 2009 2:54pm
Quoting Vini
But the question is WHEN the shit is coming out..!
Pretty big shit came out already but was shrugged off like weak GDP numbers, additional QE, poor inflation - nothing has really effected the down movement. Bloomberg has a ridiulous article where it says UK is ahead in the game for recovery. That is a very silly assumption - major sectors here are service and financial, financial cant recover for years to come, and service sector will weaken if the pound goes up - so counter intuitive - meanwhile germany and france fundamentally are in a better position for recovery as a good solid production sector in germany and better financial regulation in france made them less fundamentally at exposure.
  • #132,811
  • May 18, 2009 3:11pm May 18, 2009 3:11pm
Looks like hitting Daily R2 and then down?
Daily still bullish anyway, I think.
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  • #132,812
  • May 18, 2009 3:17pm May 18, 2009 3:17pm
i think it will go down , just making double top on 4h and then turn down with really big speed
CrizZzZzZzZz
  • #132,813
  • May 18, 2009 3:50pm May 18, 2009 3:50pm
Maybe, but Daily looks so bullish, I think.
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  • #132,814
  • May 18, 2009 4:09pm May 18, 2009 4:09pm
Looks a little weak to me... it has been rising, but hasn't been able to break the mid-channel line.
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  • #132,815
  • May 18, 2009 7:57pm May 18, 2009 7:57pm
Ready to down?

I'don't know.. hop it trigger for down.
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  • #132,816
  • May 18, 2009 9:11pm May 18, 2009 9:11pm
I think if cable failed to break 1.54 then it will go down below 1.5.
  • #132,817
  • May 18, 2009 9:42pm May 18, 2009 9:42pm
the last resistance is 350 right? so if it stays below 350 maybe cable will going down?
  • #132,818
  • May 18, 2009 10:16pm May 18, 2009 10:16pm
Quoting mloistianto
the last resistance is 350 right? so if it stays below 350 maybe cable will going down?
Attached Image


Line Lime, big resistance for this month.
  • #132,819
  • May 18, 2009 10:45pm May 18, 2009 10:45pm
Cable will drop as soon as there are no more buyers and Traders start Selling again. The question is, at what level will that happen?
  • #132,820
  • May 18, 2009 10:52pm May 18, 2009 10:52pm
Does any1 trade using the rsi indicator?
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