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Cable Update (GBPUSD)

  • #135,281
  • Jun 3, 2009 7:57am Jun 3, 2009 7:57am
Quoting islandtrader
current long from 1hr
I dont think...
I see a pattern going to 6253 on 4 hour chart...
I am not trading with this, because my Long got out on start price.
I was worried about news 45 minutes ago and again news coming in 45 minutes later...

Lets see..
ABCD..
  • #135,282
  • Jun 3, 2009 8:09am Jun 3, 2009 8:09am
If today's candle closes as a red candle, I think we'll see a pullback to 1.600 levels..
  • #135,283
  • Jun 3, 2009 8:17am Jun 3, 2009 8:17am
The pair is heading for 1.6350.
so either sell or stay away.
  • #135,284
  • Jun 3, 2009 8:22am Jun 3, 2009 8:22am
We also have Fed Chairman Bernanke speaking in 40 min so this could just be an adjustment before he speaks. Time will tell.
  • #135,285
  • Jun 3, 2009 8:27am Jun 3, 2009 8:27am
he stop first on support 402 - 419 area

_____________________________

support resistance

.
  • #135,286
  • Jun 3, 2009 8:31am Jun 3, 2009 8:31am
here is the support area

Attached Image (click to enlarge)
Click to Enlarge Name: forex3.gif Size: 14 KB


_________________________

support resistance

.
  • #135,287
  • Jun 3, 2009 8:46am Jun 3, 2009 8:46am
38.2% Fibo on 1.6358...
ABCD..
  • #135,288
  • Jun 3, 2009 8:50am Jun 3, 2009 8:50am
Quoting thirtypips
We also have Fed Chairman Bernanke speaking in 40 min so this could just be an adjustment before he speaks. Time will tell.
that would be me speaking?
  • #135,289
  • Jun 3, 2009 8:55am Jun 3, 2009 8:55am
Quoting Bernanke_Sr
that would be me speaking?
Yup, will you be admitting that the "green shoots in the economy" is a lie?
  • #135,290
  • Jun 3, 2009 9:01am Jun 3, 2009 9:01am
Quoting Ipips
Yup, will you be admitting that the "green shoots in the economy" is a lie?
hahaha
NEVER
*flies away with an evil smile*
  • #135,291
  • Jun 3, 2009 9:01am Jun 3, 2009 9:01am
Went shopping, just come back. SHOOOOOOOOOOT what the hell has happened here. Down -100 pips. Made +69 pips earlier. Overall -31 pips. What a crap day man.
You've got to be IN IT to WIN IT!
  • #135,292
  • Edited 9:13am Jun 3, 2009 9:12am | Edited 9:13am
Right... No one can think it go down too down!
But it went down, unpredictable...

It was near my projection 3 days ago, 6700, and went down like a rock..
ABCD..
  • #135,293
  • Jun 3, 2009 9:14am Jun 3, 2009 9:14am
There is another engulfing pattern on the daily...It may go down a little bit more...
Never Stop Learning...
  • #135,294
  • Jun 3, 2009 9:17am Jun 3, 2009 9:17am
he touched my stop at 375

_______________________

support resistance

.
  • #135,295
  • Jun 3, 2009 9:18am Jun 3, 2009 9:18am
Quoting Bernanke_Sr
that would be me speaking?
GET THE GUILLOTINE!!!
  • #135,296
  • Jun 3, 2009 9:22am Jun 3, 2009 9:22am
Wow Major knock down for GB, still un clear on the trend ,
could it be long with in an hour time from now ???
  • #135,297
  • Jun 3, 2009 9:24am Jun 3, 2009 9:24am
Quoting medsfx
Wow Major knock down for GB, still un clear on the trend ,
could it be long with in an hour time from now ???
no idea i am also confuse bernanke is confrence is going good for usd but no effect some good some bad newses but no effect yet and no idea where it will go let see ...please post if any one enter in market

Ub
  • #135,298
  • Jun 3, 2009 9:29am Jun 3, 2009 9:29am
Quoting Ifty
Went shopping, just come back. SHOOOOOOOOOOT what the hell has happened here. Down -100 pips. Made +69 pips earlier. Overall -31 pips. What a crap day man.
Did remind you about the selling pressure. We might consolidate a bit before falling further. I hope you'll get to turn this trade around, if not, just cut your losses.
Good luck mate.
Thank You
  • #135,299
  • Jun 3, 2009 9:30am Jun 3, 2009 9:30am
Good night guys. Happy trading...
Never Stop Learning...
  • #135,300
  • Jun 3, 2009 9:32am Jun 3, 2009 9:32am
hi! i think it will try to go lower till 6350 or test 6380, i'm short 6445! dow jones is going down, i think i could go even lower and today trend is down. of course could be wrong as many other times
sl 6485
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