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Cable Update (GBPUSD)

  • #134,901
  • Jun 1, 2009 7:02am Jun 1, 2009 7:02am
cable crosses 1.643 :o
  • #134,902
  • Jun 1, 2009 7:04am Jun 1, 2009 7:04am
Quoting TrendsFX
Price movement Faryad. I think (rightly or wrongly) that GBP/USD is now overbought in hourly and daily charts and top of that it's also resisting upward now..
well friend its strongly upgoing trend u see it just cross the resistance at 1.643 .. so wait n see what happens :S
  • #134,903
  • Jun 1, 2009 7:07am Jun 1, 2009 7:07am
double top on m15 ??? what u say pplz ?
  • #134,904
  • Jun 1, 2009 7:09am Jun 1, 2009 7:09am
Quoting Faryad
well friend its strongly upgoing trend u see it just cross the resistance at 1.643 .. so wait n see what happens :S
With due respect but my vote is still for downward move now. It's going down from here.. (but like everybody agrees "who knows")
  • #134,905
  • Jun 1, 2009 7:22am Jun 1, 2009 7:22am
Quoting TrendsFX
With due respect but my vote is still for downward move now. It's going down from here.. (but like everybody agrees "who knows")
The rejection from 1.6430 was pretty strong. I think bears may have a chance here. If it can get past 1.6350 which has been a bit sticky all morning.
  • #134,906
  • Jun 1, 2009 7:39am Jun 1, 2009 7:39am
Quoting Faryad
double top on m15 ??? what u say pplz ?

Yes, problem is just the last low at 1.6355 which is higher than previous low.
  • #134,907
  • Jun 1, 2009 7:48am Jun 1, 2009 7:48am
After an extended advance from 1.62, price entered into a trading range between resistance 1.6419 and 1.6348.

http://forexforums.dailyfx.com/attac...yst-forex2.jpg

_____________________________________

support resistance

.
  • #134,908
  • Jun 1, 2009 7:48am Jun 1, 2009 7:48am
cable going to be mad its runs n runs
  • #134,909
  • Jun 1, 2009 7:52am Jun 1, 2009 7:52am
Yes, it is a bull market.
Attached Image (click to enlarge)
Click to Enlarge Name: bull market.gif Size: 10 KB
  • #134,910
  • Jun 1, 2009 7:55am Jun 1, 2009 7:55am
wow...just comeback from eu to gb..
crazy move i think...its bullying ...
- Always pray on your trading - God know the best for everyone
  • #134,911
  • Jun 1, 2009 7:58am Jun 1, 2009 7:58am
Quoting 4cfx
The rejection from 1.6430 was pretty strong. I think bears may have a chance here. If it can get past 1.6350 which has been a bit sticky all morning.
For goodness sake please keep a LONG attitude. The trend has been long for several weeks now and its the shorters who have been hurting since then. When the trend is finally showing a downtrend then we will all follow together. Lets make money guys and not lose it, that is the no.1 concern isn't it?
You've got to be IN IT to WIN IT!
  • #134,912
  • Jun 1, 2009 8:06am Jun 1, 2009 8:06am
Right know she acts as a car wid no breaks lol
  • #134,913
  • Jun 1, 2009 8:07am Jun 1, 2009 8:07am
Quoting Ifty
For goodness sake please keep a LONG attitude. The trend has been long for several weeks now and its the shorters who have been hurting since then. When the trend is finally showing a downtrend then we will all follow together. Lets make money guys and not lose it, that is the no.1 concern isn't it?
I'm just trading what I see. I agree cable is on the up but I also think there's a retracement. I could of course be wrong which is what stop losses are for.
  • #134,914
  • Jun 1, 2009 8:09am Jun 1, 2009 8:09am
There is going to be large resistance against the 38.2 .. I see it maybe as high as 6470 but given the past few weeks she will probably surpass that level very easy.

USDCAD had a nice bounce off the 1.08 level. It's too bad it occurred while I was sleeping@! Will check the daily close on that one to determine if I take a position now, same with G/U.
  • #134,915
  • Jun 1, 2009 8:09am Jun 1, 2009 8:09am
Quoting 4cfx
I'm just trading what I see. I agree cable is on the up but I also think there's a retracement. I could of course be wrong which is what stop losses are for.
well i think thats the not right time to take any decision we have to wait ??
  • #134,916
  • Jun 1, 2009 8:10am Jun 1, 2009 8:10am
wb jack
  • #134,917
  • Jun 1, 2009 8:13am Jun 1, 2009 8:13am
Quoting Faryad
wb jack
hey .. sorry i wasnt on this morning.. had i been at my usual time i wouldnt have had a trade anyway since a move occurred in the early morning which i was obviously sleeping for lol
  • #134,918
  • Jun 1, 2009 8:25am Jun 1, 2009 8:25am
H4.
Attached Image (click to enlarge)
Click to Enlarge Name: retracement.gif Size: 12 KB
  • #134,919
  • Jun 1, 2009 8:31am Jun 1, 2009 8:31am
If you look on the 5 min chart, it has been making higher lows and higher highs since 12:30pm GMT so it looks like it still has some steam for the rest of the day...
Doh! I didn't mean to do that.
  • #134,920
  • Jun 1, 2009 8:32am Jun 1, 2009 8:32am
seems to be paused
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