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Cable Update (GBPUSD)

  • #135,721
  • Jun 5, 2009 2:26am Jun 5, 2009 2:26am
Quoting Reznik
Got a tight SL on that trade... @1.6080 with a SL @ 1.6090...
Got a LONG still open... @ 1.6025...

Thanks...


From my wave count, we going Down first before an Up... So be careful now...
  • #135,722
  • Jun 5, 2009 2:30am Jun 5, 2009 2:30am
Quoting Reznik
Going fishing, cause all direction is DOWN... Guys to the SOUTH...

SHORT @ 1.6080...
GOODLUCK TRADING

I m out 6049 here 31pips and wait for the news


goodluck Reznik
  • #135,723
  • Jun 5, 2009 2:34am Jun 5, 2009 2:34am
Quoting Angelina
I m out 6049 here 31pips and wait for the news


goodluck Reznik


or mo sel can be lower than the GBP / USD 1.6020?
  • #135,724
  • Jun 5, 2009 2:37am Jun 5, 2009 2:37am
Quoting Angelina
I m out 6049 here 31pips and wait for the news


goodluck Reznik
Seem still going down huh, missed 20pips
  • #135,725
  • Jun 5, 2009 2:37am Jun 5, 2009 2:37am
Quoting Reznik
From my wave count, we going Down first before an Up... So be careful now...
Hi Reznik, any chance we can have a look at your chart? Thanks.
  • #135,726
  • Jun 5, 2009 2:40am Jun 5, 2009 2:40am
I thnik in long term Cable will go Up may be this year we will see 1.80+ rates again, the dollar is weak and will getting more weak if the economic situation going better.
In short period it's possible to see again 1.55, because the optimism of investors in stocks is unrealistic and the stocks will go down very soon...
  • #135,727
  • Jun 5, 2009 2:42am Jun 5, 2009 2:42am
Quoting p.andrews
I thnik in long term Cable will go Up may be this year we will see 1.80+ rates again, the dollar is weak and will getting more weak if the economic situation going better.
In short period it's possible to see again 1.55, because the optimism of investors in stocks is unrealistic and the stocks will go down very soon...
I'll support this view.
  • #135,728
  • Jun 5, 2009 2:45am Jun 5, 2009 2:45am
Quoting 4cfx
Good morning everyone. I see cable has done nicely over the night and I didn't miss my profit target this time.

Here's my slightly amended hourly chart as promised last night. 1.6043 is daily resistance and also 38.2 fib of long term decline. Also, wave A of the correction from 1.6667 seems complete with equality in first and last subwaves. It could be time for a retrace back up to 1.6380/1.6400 before the move down.

What do you think?

Attachment
On looking further at this, I think if it does break 1.6043, 1.60 is in sight before a move up.
  • #135,729
  • Jun 5, 2009 2:46am Jun 5, 2009 2:46am
Quoting p.andrews
I thnik in long term Cable will go Up may be this year we will see 1.80+ rates again, the dollar is weak and will getting more weak if the economic situation going better.
In short period it's possible to see again 1.55, because the optimism of investors in stocks is unrealistic and the stocks will go down very soon...
I agree with you, the dayly chart shows no more for the downside, we are waiting for 1.535-1.55 area to go long.
  • #135,730
  • Jun 5, 2009 2:47am Jun 5, 2009 2:47am
Quoting Angelina
Seem still going down huh, missed 20pips
Lol crying about missed out pips is the worst. As long as you took any profit you should be glad
  • #135,731
  • Jun 5, 2009 2:49am Jun 5, 2009 2:49am
TA

http://www.mizuho-cb.co.uk/TresInternet/PDF'S/gbp.pdf
  • #135,732
  • Jun 5, 2009 2:58am Jun 5, 2009 2:58am
1.6000 is still the target for those holding shorts from last nights position. Still waiting for my 2 shorts from 1.6260 and 1.6215 to hit. Of course locked in some profits already.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #135,733
  • Jun 5, 2009 3:09am Jun 5, 2009 3:09am
short from 1.6035 --> heading up.
  • #135,734
  • Jun 5, 2009 3:16am Jun 5, 2009 3:16am
happy weekend all...

Attached Image (click to enlarge)
Click to Enlarge Name: weekend.GIF Size: 39 KB
  • #135,735
  • Jun 5, 2009 3:19am Jun 5, 2009 3:19am
Quoting Instinct
short from 1.6035 --> heading up.
short / long from 1.6035 -->> heading up???
going to be uptrend at ths hour?
  • #135,736
  • Jun 5, 2009 3:20am Jun 5, 2009 3:20am
Quoting Instinct
short from 1.6035 --> heading up.
Do you mean long?
  • #135,737
  • Jun 5, 2009 3:27am Jun 5, 2009 3:27am
Quoting 4cfx
Do you mean long?
lol yeah. i just read "short" so i wrote it by accident.
  • #135,738
  • Jun 5, 2009 3:30am Jun 5, 2009 3:30am
Quoting 4cfx
Do you mean long?
Overall Daily trend is up, with high probability retracement to 23fib level - see attached. On H4 exhaustion is shown to be near. H1, M15 are short.

News might change something also...

Please comment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu d1.gif Size: 24 KB
Click to Enlarge Name: gu h4.gif Size: 25 KB
  • #135,739
  • Jun 5, 2009 3:35am Jun 5, 2009 3:35am
Quoting Instinct
short from 1.6035 --> heading up.
Ok. tp at .6055 of 20 pips
  • #135,740
  • Jun 5, 2009 3:39am Jun 5, 2009 3:39am
cable is in oversold area, long from 1.6036 TP 1.62
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