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Cable Update (GBPUSD)

  • #135,421
  • Jun 4, 2009 12:59am Jun 4, 2009 12:59am
Quoting 4cfx
Halifax house price in 3 minutes.
Expecting good news (>-1.0%) and longs I believe...?
  • #135,422
  • Jun 4, 2009 1:05am Jun 4, 2009 1:05am
I am loaded on longs from 1.6300 and now at 1.6350 target above 1.6700
Let Price determine your future!
  • #135,423
  • Jun 4, 2009 1:10am Jun 4, 2009 1:10am
I can see now that we have broken 400 we should see 500 by noon today...
Let Price determine your future!
  • #135,424
  • Jun 4, 2009 1:19am Jun 4, 2009 1:19am
Came down specially to meet me
Current positions:
1.6300-Long
1.6350-Long
1.6380-Long
Let Price determine your future!
  • #135,425
  • Jun 4, 2009 1:19am Jun 4, 2009 1:19am
Quoting Geppyg
I can see now that we have broken 400 we should see 500 by noon today...
yeah,i agree,volatality yesterday was bigger then candle...today will be big long or short +/- 400 pips till today open....
  • #135,426
  • Jun 4, 2009 1:20am Jun 4, 2009 1:20am
Quoting paul czech
yeah,i agree,volatality yesterday was bigger then candle...today will be big long or short +/- 400 pips till today open....
I just fade jack lol
Let Price determine your future!
  • #135,427
  • Jun 4, 2009 1:21am Jun 4, 2009 1:21am
Quoting 4cfx
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.

Just be ready to short earlier when you spot weakness my friend.
Good luck
Thank You
  • #135,428
  • Jun 4, 2009 1:25am Jun 4, 2009 1:25am
Quoting Geppyg
I am loaded on longs from 1.6300 and now at 1.6350 target above 1.6700

Good Idea!!
  • #135,429
  • Jun 4, 2009 1:28am Jun 4, 2009 1:28am
Quoting wormboy

Just be ready to short earlier when you spot weakness my friend.
Good luck
Well my 1.6448 buy level is there & im not sure the tren is going to long or short after reach at that point

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

GELORE
  • #135,430
  • Jun 4, 2009 1:30am Jun 4, 2009 1:30am
he stops on 419 - 402 as resistance

Attached Image


________________________

support resistance

.
  • #135,431
  • Jun 4, 2009 1:34am Jun 4, 2009 1:34am
Good Morning to U'all, Whatz happening with the Cable? Didn't U'all see it coming... Am Astronaut today, cause the Stars will bank me some Cool Cash!!

LONG= @ 1.6250... +100pips

Beware of a Bull trap (with a bullish hammer and Doji) cause today's bias is "LONG" in but the short and long term.
  • #135,432
  • Jun 4, 2009 1:37am Jun 4, 2009 1:37am
Cable Guys be very Cautious, cause that Doji formed is not an indication of Price reversal...
"LONG" am sing to the BANK...
  • #135,433
  • Jun 4, 2009 1:39am Jun 4, 2009 1:39am
Quoting Geppyg
I just fade jack lol
Look at those longs...just fade jack hahahahaha
Let Price determine your future!
  • #135,434
  • Jun 4, 2009 1:41am Jun 4, 2009 1:41am
Quoting Geppyg
Came down specially to meet me
Current positions:
1.6300-Long +120
1.6350-Long +70
1.6380-Long +40
1.6400- Long +20
Let Price determine your future!
  • #135,435
  • Jun 4, 2009 1:44am Jun 4, 2009 1:44am
Quoting Geppyg
1.6400- Long +20
All them plus signs do look very PRETTY indeed.
You've got to be IN IT to WIN IT!
  • #135,436
  • Jun 4, 2009 1:46am Jun 4, 2009 1:46am
My charts are saying all yesterday was is just a bit of profit taking...a bearish daily candle might have been formed but but......We have had bearish daily candles...like this in the past and nothing has stopped cable going higher..

I missed the enties below 200 or I would have gone in heavy.. am pretty much done with my trades for today will leave them all in have a nap aand come back to the bank with $$$$$

Good
Let Price determine your future!
  • #135,437
  • Jun 4, 2009 1:50am Jun 4, 2009 1:50am
Quoting musani
Well my 1.6448 buy level is there & im not sure the tren is going to long or short after reach at that point

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

I'm not one to correct you on your bias as we all see things differently & we definitely trade differently. I did say since beginning of the week unless price close above 6600, there will be no buying on my part & yesterday's close justified my current stance.
I think you ought to look at the bigger picture before positioning for a trade :
http://www.forexfactory.com/showpost...stcount=135367

Good luck
Thank You
  • #135,438
  • Jun 4, 2009 1:51am Jun 4, 2009 1:51am
Quoting Geppyg
My charts are saying all yesterday was is just a bit of profit taking...a bearish daily candle might have been formed but but......We have had bearish daily candles...like this in the past and nothing has stopped cable going higher..

I missed the enties below 200 or I would have gone in heavy.. am pretty much done with my trades for today will leave them all in have a nap aand come back to the bank with $$$$$

Good


Goog Trade there my Fellow Cable Guy...
  • #135,439
  • Jun 4, 2009 1:53am Jun 4, 2009 1:53am
Quoting wormboy
I'm not one to correct you on your bias as we all see things differently & we definitely trade differently. I did say since beginning of the week unless price close above 6600, there will be no buying on my part & yesterday's close justified my current stance.
I think you ought to look at the bigger picture before positioning for a trade :
http://www.forexfactory.com/showpost...stcount=135367

Good luck
im planning to short at around 6450, with a s/l at about 6575...lets see what happens...
  • #135,440
  • Jun 4, 2009 1:55am Jun 4, 2009 1:55am
short 6400
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