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Cable Update (GBPUSD)

  • #132,821
  • May 18, 2009 10:58pm May 18, 2009 10:58pm
hi i am using rsi indicator, however the rsi indicates gu has a flat moves. cmiw..
  • #132,822
  • May 19, 2009 12:02am May 19, 2009 12:02am
Quoting mloistianto
hi i am using rsi indicator, however the rsi indicates gu has a flat moves. cmiw..
flat but almost on overbuy. i will wait until it reach arround 70 on RSI H1 then sell it.
- Always pray on your trading - God know the best for everyone
  • #132,823
  • May 19, 2009 12:10am May 19, 2009 12:10am
Quoting kingindian
flat but almost on overbuy. i will wait until it reach arround 70 on RSI H1 then sell it.

blah.......... boring boring
  • #132,824
  • May 19, 2009 12:11am May 19, 2009 12:11am
Quoting smartalicus
blah.......... boring boring
will be more boring if you play at CHF...the movement is like snail...
- Always pray on your trading - God know the best for everyone
  • #132,825
  • May 19, 2009 12:17am May 19, 2009 12:17am
again gu attacking 350 and failed.. back to 330.. btw kingindian, what rsi period do u use? 7?14?21? rsi around 65 right? is it an overbuy at this rate? i dont think its an overbuy already. its still bullish right?
  • #132,826
  • May 19, 2009 12:21am May 19, 2009 12:21am
Quoting mloistianto
again gu attacking 350 and failed.. back to 330.. btw kingindian, what rsi period do u use? 7?14?21? rsi around 65 right? is it an overbuy at this rate? i dont think its an overbuy already. its still bullish right?
RSI 14 i think.
bullish on D1, but it will be down a bit because of take profit.
- Always pray on your trading - God know the best for everyone
  • #132,827
  • May 19, 2009 12:25am May 19, 2009 12:25am
hmm its overbought in d1 and h4 right? so do you plan to take a quick profit? what tp are u planning?
  • #132,828
  • May 19, 2009 12:31am May 19, 2009 12:31am
what do u mean when u say flat moves for gu?
  • #132,829
  • May 19, 2009 12:33am May 19, 2009 12:33am
Am I the only one bullish on the Pound?
Good luck to you top-pickers. I never had much luck at that.
  • #132,830
  • May 19, 2009 12:34am May 19, 2009 12:34am
Quoting mloistianto
hmm its overbought in d1 and h4 right? so do you plan to take a quick profit? what tp are u planning?
i use h1 frame, im taking profit only 10 pips...lol...but when im not with my computer, i can target far than that...
- Always pray on your trading - God know the best for everyone
  • #132,831
  • May 19, 2009 12:44am May 19, 2009 12:44am
From blog(dot)forexcycle(dot)com
GBPUSD is testing 1.5352 resistance. As long as 1.5352 resistance holds, the price action below this level is treated as range trading between 1.4943 and 1.5352. However, a break above this level will indicate that the uptrend from 1.4397 has resumed and further rally to 1.5500-1.5600 area is expected to follow.
ABCD..
  • #132,832
  • May 19, 2009 12:52am May 19, 2009 12:52am
@hookem
well actually the status is still bullish on gu pair right? However when the 350 which is the highest resistance from before keep the price below it then gu will pull back.
  • #132,833
  • May 19, 2009 1:12am May 19, 2009 1:12am
hallo y'all
it's twice GU test the 350, hope it will hold, european session coming up..
down you cable...
  • #132,834
  • May 19, 2009 1:21am May 19, 2009 1:21am
i have just escape from CHF....
time to join in GB again...
- Always pray on your trading - God know the best for everyone
  • #132,835
  • May 19, 2009 1:25am May 19, 2009 1:25am
Quoting okinuriko
hallo y'all
it's twice GU test the 350, hope it will hold, european session coming up..
down you cable...
Why does it matter which way cable goes...u can go long or short...is any1 planning to visit great britain and want a better exchange rate?
  • #132,836
  • May 19, 2009 1:33am May 19, 2009 1:33am
London Open says its bull time
CrizZzZzZzZz
  • #132,837
  • May 19, 2009 1:35am May 19, 2009 1:35am
Sell @ 5385 , target 5175 , sl 5500
CrizZzZzZzZz
  • #132,838
  • May 19, 2009 1:35am May 19, 2009 1:35am
party time at GB! anybody short short short?

maybe it will goes to 5400 then down again to 5350 to take profit...
and remember this rally is havent get any significant down today.
so i think down will come...just patience
- Always pray on your trading - God know the best for everyone
  • #132,839
  • May 19, 2009 1:38am May 19, 2009 1:38am
There she blows, well not at a turning point yet.....
  • #132,840
  • May 19, 2009 1:40am May 19, 2009 1:40am
anyone placing an order yet?
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