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Cable Update (GBPUSD)

  • #134,701
  • May 29, 2009 4:08am May 29, 2009 4:08am
Quoting mloistianto
now is the GU resistance, either it will reverse or it will continue up..
thanks & regards
GOD SENT.
  • #134,702
  • May 29, 2009 4:11am May 29, 2009 4:11am
try to stay calm...
- Always pray on your trading - God know the best for everyone
  • #134,703
  • May 29, 2009 4:12am May 29, 2009 4:12am
what now.. continue upp??or not??still waiting...
  • #134,704
  • May 29, 2009 4:13am May 29, 2009 4:13am
pound and euro are in uptrend, no new highs made yet....but they are expected because of the uptrend, so I see GU popping northward.
TRADE FOR SWAP
  • #134,705
  • May 29, 2009 4:15am May 29, 2009 4:15am
1.6215 .

many of banks and important sites said this level is high point for month.
GOD SENT.
  • #134,706
  • May 29, 2009 4:19am May 29, 2009 4:19am
Quoting cgldsmth
pound and euro are in uptrend, no new highs made yet....but they are expected because of the uptrend, so I see GU popping northward.
yep power of trend...
well hope it will hold back a little ....to 1600...if could
- Always pray on your trading - God know the best for everyone
  • #134,707
  • May 29, 2009 4:19am May 29, 2009 4:19am
Quoting mloistianto
is this it?? is this the highest for GU? or this is the beginning?
? We still have steam left on the 4h and price has yet to go below the 25 EMA on the 5 minute (it has stayed above now for a couple of hours).

My thinking for today is we are going to take a quick pause real soon and price will go back down and touch the 25 EMA again. If it breaks it should be a good fall. If not it will continue slowly going higher untill about 3:30 am Pacific and wait for the US session which often is reverse of the London session.

We'll see.
  • #134,708
  • May 29, 2009 4:28am May 29, 2009 4:28am
DAM i am on the edge of my stupidity. My SL was nearly reached at 1.6120. Sod it, i will see what happens. Fingers, toes, buttocks all crossed.
You've got to be IN IT to WIN IT!
  • #134,709
  • May 29, 2009 4:28am May 29, 2009 4:28am
things gone wild...
get ready for a showdown.
- Always pray on your trading - God know the best for everyone
  • #134,710
  • May 29, 2009 4:31am May 29, 2009 4:31am
Quoting Ifty
DAM i am on the edge of my stupidity. My SL was nearly reached at 1.6120. Sod it, i will see what happens. Fingers, toes, buttocks all crossed.
Been there before. No fun. There is a pivot (1R) at 1.6023 but somehow my pivots are slightly off tonight (slightly high). Not sure why. So you got saved by a pivot it would seem. Best wishes

I still think it is going to test the 25 EMA soon. It is at the 1.6070 area at the moment for the 5 minute.
  • #134,711
  • May 29, 2009 4:32am May 29, 2009 4:32am
south south south... come crash the land...
  • #134,712
  • May 29, 2009 4:34am May 29, 2009 4:34am
Quoting avfx
Please . Please . Please

where is GU reversal point?

no body help me?
If I knew that I would only have to trade for a week lol. Still upwards no confirmed down move for me yet, too late to buy into this so have to wait, the hardest part is keeping out of trades, trying to guess tops or bottms is painfull to say the least in my experiance.

Still as soon as I get a negative on the 1min or 5min DMI I may take a 'punt' short, small stop though 20-30pips,
  • #134,713
  • May 29, 2009 4:34am May 29, 2009 4:34am
Quoting mloistianto
south south south... come crash the land...
It may wait untill the US session but we will see. Watch the 25 EMA on the 5 minute chart, once it breaks that it should go south in a major way. But this is the last Friday of the month also and the big boys are setting up for next month.
  • #134,714
  • May 29, 2009 4:38am May 29, 2009 4:38am
Word of warning to all me colleagues on this forum.

Crossed BUTTOCKS don't work. Its the first time i have tried this technique and its let me down. .
You've got to be IN IT to WIN IT!
  • #134,715
  • May 29, 2009 4:41am May 29, 2009 4:41am
Quoting Ifty
Word of warning to all me colleagues on this forum.

Crossed BUTTOCKS don't work. Its the first time i have tried this technique and its let me down. .
LOL. Sorry to hear man. I saw it go above the 20 mark and new you were toast. I thought for sure it was going to take a breather and test the 25 EMA but it hasn't for about an hour.
  • #134,716
  • May 29, 2009 4:42am May 29, 2009 4:42am
can someone tell us what the heck is happening
  • #134,717
  • May 29, 2009 4:44am May 29, 2009 4:44am
Quoting charlsfx
can someone tell us what the heck is happening
Its freaky friday.. Last friday of the month.. nothing happening.. just another day u have to pass through..
  • #134,718
  • May 29, 2009 4:49am May 29, 2009 4:49am
Breakout trading is the most riskier oane .and i think it has enough gas to go over 1.62 by tuesday.
Quoting Forexpreneur
LOL. Sorry to hear man. I saw it go above the 20 mark and new you were toast. I thought for sure it was going to take a breather and test the 25 EMA but it hasn't for about an hour.
  • #134,719
  • May 29, 2009 4:49am May 29, 2009 4:49am
It just goes with the trend.on 4h chart

Quoting charlsfx
can someone tell us what the heck is happening
  • #134,720
  • May 29, 2009 4:50am May 29, 2009 4:50am
what a day
- Always pray on your trading - God know the best for everyone
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