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Cable Update (GBPUSD)

  • #135,321
  • Edited 10:44am Jun 3, 2009 10:40am | Edited 10:44am
Resistance?

Edit: Support.
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  • #135,322
  • Jun 3, 2009 10:45am Jun 3, 2009 10:45am
hi all traders...Tq in give me chance to gain kwldge n trading espclly in GU.Thanks again...
  • #135,323
  • Jun 3, 2009 10:46am Jun 3, 2009 10:46am
Quoting dzackfx
btw, can you elaborate on the strong buy signal?

Its a set of divergences that happen over the 445 EMA on the 15m... wont get into details, sorry. Maybe one day if I have more time Ill open a thread about it...

I wouldnt take a position though, since its not the time of the day ideal for such a trade...

I will tell you if its confirmed

cheers
  • #135,324
  • Jun 3, 2009 10:49am Jun 3, 2009 10:49am
Quoting deboooo2005
i told u jack ... sorry about your SL
Yes, it hit while i was sleeping for +5 pips .. looks like the 6660/70 area held nicely though and i hope many of you are short! Too bad im not in it .. but...

I am long another pair, USDCAD .. many positions near 1.08 and the smile on my face when i woke up this morning



I also stated that a weekly close below the larger 38.2 level is extremely bearish .. So we want a close below 6400 ..

After NFPs, I'll put together a plan to get short next week for you guys if in fact we get a bearish close and a few other indications!
  • #135,325
  • Jun 3, 2009 10:57am Jun 3, 2009 10:57am
Quoting chonyc
Waiting for a break below 1.6600 for short
http://www.bloomberg.com/apps/news?p...d=ahrOZ.gd85yc
  • #135,326
  • Jun 3, 2009 11:02am Jun 3, 2009 11:02am
Quoting jack.canadia
http://www.bloomberg.com/apps/news?p...d=ahrOZ.gd85yc
By the looks of things (although i am not 100% sure), the dollar seems doomed. It will continue to get weaker and weaker meaning GU will rise above to over 1.70. What do you think?
You've got to be IN IT to WIN IT!
  • #135,327
  • Jun 3, 2009 11:07am Jun 3, 2009 11:07am
the problem in GM (General Motor) will make USD weaker i guess.
its only about days ago about GM's bankrupt thing.

well thats only my opinion
- Always pray on your trading - God know the best for everyone
  • #135,328
  • Jun 3, 2009 11:10am Jun 3, 2009 11:10am
Nicole Elliot`s monthly outlook.

http://www.mizuho-cb.co.uk/TresInternet/PDF'S/gbpm.pdf

Last month was perfect.
She said that end of the month it would be 1.65 and price was then something like 1.50.
  • #135,329
  • Jun 3, 2009 11:12am Jun 3, 2009 11:12am
Quoting Ifty
By the looks of things (although i am not 100% sure), the dollar seems doomed. It will continue to get weaker and weaker meaning GU will rise above to over 1.70. What do you think?
Need to think global now ... Euro had a bad GDP number, Bernanke is worried about the financial system ..

If that persists, the stock market will sell off and the dollar will gain strength.
  • #135,330
  • Jun 3, 2009 11:24am Jun 3, 2009 11:24am
Quoting jack.canadia
Look for resistance between 6600-6700 .. A short as close to 6700 would be best with a stop just above.

Below is my plan to take a short. This weeks close will be important.
http://www.forexfactory.com/showpost...stcount=135150

The high for today at 6664 was spot on daily R1 pivot as well .. Giving you one more reason to short.

This move down is either a correction or the beginning of a larger correction. Again, weekly close is important.
  • #135,331
  • Jun 3, 2009 11:27am Jun 3, 2009 11:27am
Quoting jack.canadia
Need to think global now ... Euro had a bad GDP number, Bernanke is worried about the financial system ..

If that persists, the stock market will sell off and the dollar will gain strength.
but mr. Gross warns of dollar(us aaa rating loss?????)......
  • #135,332
  • Jun 3, 2009 11:27am Jun 3, 2009 11:27am
This move down now may cool off as we have had a daily R1 to daily S1 pivot move, this is a typical move based on the pivots theory
  • #135,333
  • Jun 3, 2009 11:28am Jun 3, 2009 11:28am
Quoting paul czech
but mr. Gross warns of dollar(us aaa rating loss?????)......
Oh if that happens then ya, massive USD selling.

I like technicals though and try my best not to follow the fundies
  • #135,334
  • Jun 3, 2009 11:30am Jun 3, 2009 11:30am
Quoting dzackfx
btw, can you elaborate on the strong buy signal?

Buy signal never confirmed.
  • #135,335
  • Jun 3, 2009 11:31am Jun 3, 2009 11:31am
Quoting juhanimi
Nicole Elliot`s monthly outlook.

http://www.mizuho-cb.co.uk/TresInternet/PDF'S/gbpm.pdf

Last month was perfect.
She said that end of the month it would be 1.65 and price was then something like 1.50.
Very interesting!! Is this monthly ? Where do you get this?
  • #135,336
  • Jun 3, 2009 11:33am Jun 3, 2009 11:33am
Quoting Bernanke_Sr
guys
we will see 1.6350
be careful.
most probably today or perhaps the asian session.
bow to the master.
  • #135,337
  • Jun 3, 2009 11:37am Jun 3, 2009 11:37am
Quoting jack.canadia
This move down now may cool off as we have had a daily R1 to daily S1 pivot move, this is a typical move based on the pivots theory
where do you think today target jack?
  • #135,338
  • Jun 3, 2009 11:53am Jun 3, 2009 11:53am
the sky is falling...
- Always pray on your trading - God know the best for everyone
  • #135,339
  • Jun 3, 2009 11:59am Jun 3, 2009 11:59am
GBP was just a scam...........it appreciated for nothing it was just a stop hunting move.................at least 1.60 on the cards ...............
BANDA333
  • #135,340
  • Jun 3, 2009 12:01pm Jun 3, 2009 12:01pm
Bill gross ............he wants to sell his bonds .........they will tell anything to make money

Quoting paul czech
but mr. Gross warns of dollar(us aaa rating loss?????)......
BANDA333
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