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Cable Update (GBPUSD)

  • #135,241
  • Jun 3, 2009 5:03am Jun 3, 2009 5:03am
Quoting GlobalMacro
Cable's been broken out of range, car without brakes, expect higher highs soon.
Rally from 1.6192 on sunday worked out very nicely.
Time for correction now?
I see a hanging man on H1 boding a potential short term reversal....
Attached Image
Hear the music before the song is over ...
  • #135,242
  • Jun 3, 2009 5:04am Jun 3, 2009 5:04am
Quoting 4cfx
Short or long?
long
  • #135,243
  • Jun 3, 2009 5:05am Jun 3, 2009 5:05am
Quoting Bones
Really is it important ...as to why?
Really, it is important. But there should be the reason for that. The news is good but the trend reversed. It is unbelievable...
  • #135,244
  • Jun 3, 2009 5:06am Jun 3, 2009 5:06am
Quoting Ifty
Hi Deboooo, hows it going bro. Not heard much from you the last couple of days. Hows it gone for you today?
you will found me here

http://www.forexfactory.com/showthre...=1#post2775066
  • #135,245
  • Jun 3, 2009 5:10am Jun 3, 2009 5:10am
Quoting deboooo2005
you will found me here

http://www.forexfactory.com/showthre...=1#post2775066
you long at 6550 but what is your SL and you sure about it?and what isyour target??

Ub
  • #135,246
  • Jun 3, 2009 5:12am Jun 3, 2009 5:12am
latest news @ bloomberg |UK government in crisis ...so we can go long at this situation??


Ub
  • #135,247
  • Jun 3, 2009 5:14am Jun 3, 2009 5:14am
Quoting deboooo2005
you will found me here

http://www.forexfactory.com/showthre...=1#post2775066
Glad to hear you are doing well bro. Keep it up.
You've got to be IN IT to WIN IT!
  • #135,248
  • Jun 3, 2009 5:15am Jun 3, 2009 5:15am
Quote
latest news @ bloomberg |UK government in crisis ...so we can go long at this situation??

of course not
  • #135,249
  • Jun 3, 2009 5:17am Jun 3, 2009 5:17am
I dont think it is important to you because you as one person will have trouble trading the news,as an individual maybe you are better to concentrate on technicals with fundamental knowledge.
The $ is rallying and the pound is going sideways within a rising TL , so Cable falls ,
the news was good but possibly priced in who knows..?



Quoting Laborant
Really, it is important. But there should be the reason for that. The news is good but the trend reversed. It is unbelievable...
Attached Image (click to enlarge)
Click to Enlarge Name: 25) usdlfx daily d1 3 st june.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,250
  • Jun 3, 2009 5:17am Jun 3, 2009 5:17am
Quoting leosfx
of course not

actually I disagree - the Labour government is an established shambles and sublimation of it's demise (now occurring) I see as actually bullish for the pound and Britain as a whole.
TRADE FOR SWAP
  • #135,251
  • Jun 3, 2009 5:18am Jun 3, 2009 5:18am
Quoting Laborant
Really, it is important. But there should be the reason for that. The news is good but the trend reversed. It is unbelievable...
crazy thing about forex,i lost 50pips on that
  • #135,252
  • Jun 3, 2009 5:19am Jun 3, 2009 5:19am
Besides the news was pound related and right now the $ is the driver.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,253
  • Jun 3, 2009 5:21am Jun 3, 2009 5:21am
Quoting Bones
I dont think it is important to you because you as one person will have trouble trading the news,as an individual maybe you are better to concentrate on technicals with fundamental knowledge.
The $ is rallying and the pound is going sideways within a rising TL , so Cable falls ,
the news was good but possibly priced in who knows..?
Hello Tony
How are you, Sir?

What do you think about my chart above? Is it a true hangman or rather a doji?
Hear the music before the song is over ...
  • #135,254
  • Jun 3, 2009 5:21am Jun 3, 2009 5:21am
Quoting GlobalMacro
Rally from 1.6192 on sunday worked out very nicely.
Time for correction now?
I see a hanging man on H1 boding a potential short term reversal....
Hi Global, what's your view on short target?
  • #135,255
  • Jun 3, 2009 5:27am Jun 3, 2009 5:27am
Quoting 4cfx
Hi Global, what's your view on short target?
Hi 4cfx

not a target per se, but I feel it should test 1.6485 and then 1.6325 to let off some pent up pressure.
Hear the music before the song is over ...
  • #135,256
  • Jun 3, 2009 5:31am Jun 3, 2009 5:31am
Quoting GlobalMacro
Hi 4cfx

not a target per se, but I feel it should test 1.6485 and then 1.6325 to let off some pent up pressure.
I am long at 1.6520 and intend to keep it going although it is hovering sideways at the moment. Having a LONG frame of mind has been very helpful for me lately and I adviced you to think the same. JUST A THOUGHT.
You've got to be IN IT to WIN IT!
  • #135,257
  • Jun 3, 2009 5:31am Jun 3, 2009 5:31am
Careful guys, this could go either way: US data coming out...
  • #135,258
  • Jun 3, 2009 5:32am Jun 3, 2009 5:32am
Hey Global ,
Im good buddy
I would call that a Petrifying Harami ,but they all mean the same thing ,Its only the 1 hour mind I think at this stage daily confirmation at least.There really is nothing bullish yet about that $ chart posted above.
But I have been waiting for daily cable 1.6672 res....it is a pretty good place for change


Quoting GlobalMacro
Hello Tony
How are you, Sir?

What do you think about my chart above? Is it a true hangman or rather a doji?
Attached Image (click to enlarge)
Click to Enlarge Name: 30) gbpusd h4 3nd june.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,259
  • Jun 3, 2009 5:40am Jun 3, 2009 5:40am
OUT at 1.6571, nice one. +51 pips. The 1 min chart heading for overbought so i am locking in some profit before it heads down slightly. I will go LONG again as it will go back up the 1.66 region for sure.

http://www.forexfactory.com/images/misc/progress.gif

You've got to be IN IT to WIN IT!
  • #135,260
  • Jun 3, 2009 5:42am Jun 3, 2009 5:42am
OK. Going long at 1.6560. See what happens. Due to locking in profit earlier, it will make me a little more comfortable. Set SL at 1.6460.
You've got to be IN IT to WIN IT!
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