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Cable Update (GBPUSD)

  • #135,401
  • Jun 3, 2009 9:30pm Jun 3, 2009 9:30pm
Quoting Reznik
Good Morning to U'all, Whatz up the Cable? The Bias is bearish... My say give or take, today is all about the "LONG"

GOODLUCK TRADING...
Are you saying you are long the cable? S/L T/P?
  • #135,402
  • Jun 3, 2009 9:38pm Jun 3, 2009 9:38pm
Rate announcement will cause some volatility and send her who knows where, but check this out
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 20 KB
  • #135,403
  • Jun 3, 2009 9:45pm Jun 3, 2009 9:45pm
Anyone short already or staying short?
  • #135,404
  • Jun 3, 2009 9:46pm Jun 3, 2009 9:46pm
Quoting Exciter135
Anyone short already or staying short?
I'm not .. Not optimal to enter now.
  • #135,405
  • Jun 3, 2009 9:53pm Jun 3, 2009 9:53pm
Same here. I find it imprudent to enter a short without getting the retracement. I could miss the big move down, but I'd rather play it safe..
  • #135,406
  • Jun 3, 2009 10:00pm Jun 3, 2009 10:00pm
Quoting Exciter135
Anyone short already or staying short?
I'm short from 6242 )
A good way to start the day.
  • #135,407
  • Edited 10:20pm Jun 3, 2009 10:19pm | Edited 10:20pm
Quoting sreeprakash
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..
Wow! Cant believe.. It went down there and more down from there...

Now, I think a pattern forming to upside...
I am long from 6238.. Lets see where it goes...
ABCD..
  • #135,408
  • Jun 3, 2009 10:45pm Jun 3, 2009 10:45pm
Quoting Exciter135
Anyone short already or staying short?
Holding my short from 6476 ! Expecting more drop to come till the week end. Will quit if there is a turnaround..
  • #135,409
  • Jun 4, 2009 12:02am Jun 4, 2009 12:02am
Good morning everyone.

Here's my charting showing a couple of possible short entry areas. Let me know what you think.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable Potential Short Entry 04062009.jpg Size: 144 KB
  • #135,410
  • Jun 4, 2009 12:04am Jun 4, 2009 12:04am
I expect some longs!

Quoting 4cfx
Good morning everyone.

Here's my charting showing a couple of possible short entry areas. Let me know what you think.

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: gu h1.gif Size: 21 KB
  • #135,411
  • Jun 4, 2009 12:05am Jun 4, 2009 12:05am
Guys, watch out for key level at 1.6400 - 1.6450. This area coincides with 61.8% retracement and daily pivot. Whether it will fall from here or go up from here, only time will tell..
  • #135,412
  • Jun 4, 2009 12:09am Jun 4, 2009 12:09am
Quoting sreeprakash
Wow! Cant believe.. It went down there and more down from there...

Now, I think a pattern forming to upside...
I am long from 6238.. Lets see where it goes...
Closed my long on 6320.
ABCD..
  • #135,413
  • Jun 4, 2009 12:13am Jun 4, 2009 12:13am
Quoting sreeprakash
Closed my long on 6320.
+ pips?
  • #135,414
  • Jun 4, 2009 12:18am Jun 4, 2009 12:18am
Check on the chart how todays pivots fall into yesterdays resistances/supports. Check also the same for fib levels. Very nice chart I believe and really expect pullback to longs if sideways is broken above...

Any comments?

Quoting sreeprakash
Closed my long on 6320.
Attached Image (click to enlarge)
Click to Enlarge Name: gu m15.gif Size: 28 KB
  • #135,415
  • Jun 4, 2009 12:18am Jun 4, 2009 12:18am
Quoting Exciter135
+ pips?
ya ya
see the quoted text "I am long from 6238.. Lets see where it goes..."
ABCD..
  • #135,416
  • Edited 12:31am Jun 4, 2009 12:24am | Edited 12:31am
Quoting pircj
Check on the chart how todays pivots fall into yesterdays resistances/supports. Check also the same for fib levels. Very nice chart I believe and really expect pullback to longs if sideways is broken above...

Any comments?
GBP/USD is now in a critical situation.
May go down or go up..

GBP - Halifax HPI m/m
EUR - Retail Sales m/m
GBP - MPC Rate Statement
GBP - Official Bank Rate

Edit: And now trying my luck on other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: gpusd.gif Size: 17 KB
ABCD..
  • #135,417
  • Jun 4, 2009 12:37am Jun 4, 2009 12:37am
Quoting 4cfx
Good morning everyone.

Here's my charting showing a couple of possible short entry areas. Let me know what you think.

Attachment
Good afternoon 4cfx.
I think we have about the same possible short entry. This was posted yesterday when asked by a friend regarding pullback levels before continuation : http://www.forexfactory.com/showpost...stcount=135379

Good luck to you
Thank You
  • #135,418
  • Jun 4, 2009 12:44am Jun 4, 2009 12:44am
Quoting wormboy
Good afternoon 4cfx.
I think we have about the same possible short entry. This was posted yesterday when asked by a friend regarding pullback levels before continuation : http://www.forexfactory.com/showpost...stcount=135379

Good luck to you
Hi wormboy, great to know that it's corroborated by someone more experienced. I'm waiting for it to pull back to 1.6420 region. It's hitting some resistance at 23.6 fib at the moment.
  • #135,419
  • Jun 4, 2009 12:50am Jun 4, 2009 12:50am
On Daily see 9 day MA is limiting us on shorts...

Expecting longs...

Any news impacts expected?

Quoting sreeprakash
GBP/USD is now in a critical situation.
May go down or go up..

GBP - Halifax HPI m/m
EUR - Retail Sales m/m
GBP - MPC Rate Statement
GBP - Official Bank Rate

Edit: And now trying my luck on other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: gu d1.gif Size: 25 KB
  • #135,420
  • Jun 4, 2009 12:58am Jun 4, 2009 12:58am
Quoting pircj
On Daily see 9 day MA is limiting us on shorts...

Expecting longs...

Any news impacts expected?
Halifax house price in 3 minutes.
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