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Cable Update (GBPUSD)

  • #136,001
  • Jun 8, 2009 11:43am Jun 8, 2009 11:43am
I went short gu at 1.6025 and still have pending short at 1.6060.tp 1.5750
  • #136,002
  • Jun 8, 2009 11:44am Jun 8, 2009 11:44am
Today Probably price would play around 1.6059 as the Top and 1.5740 - 1.5528 for lower touchdown.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp usd update june 08 .gif Size: 68 KB
  • #136,003
  • Jun 8, 2009 11:45am Jun 8, 2009 11:45am
Quoting jack.canadia
I wouldnt short... I think this could produce a meaningful bounce to better prices for shorts...
Target today could be 6105, M3 pivot point.
  • #136,004
  • Jun 8, 2009 11:51am Jun 8, 2009 11:51am
Therefore, in order to reduce trading risks we can assume probability of rate return to 1,6060/80 resistance levels where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of formation of topping signals the targets will be 1,6000/20, 1,5920/40, 1,5840/60 and (or) further break-out variant up to 1,5780/1,5800, 1,5700/20, 1,5600/40. The alternative for buyers will be above 1,6200 with the targets of 1,6240/60, 1,6300/20.
  • #136,005
  • Jun 8, 2009 11:53am Jun 8, 2009 11:53am
Thanks jack! Def you got the best bias so far in here.
  • #136,006
  • Jun 8, 2009 11:59am Jun 8, 2009 11:59am
so much panic lol.

Earlier : http://www.forexfactory.com/showpost...postcount=1251

Nothing's changed. Gnite & see you guys London session tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: gu1vvv.JPG Size: 66 KB
Thank You
  • #136,007
  • Jun 8, 2009 12:00pm Jun 8, 2009 12:00pm
Quoting wormboy
so much panic lol.

Earlier : http://www.forexfactory.com/showpost...postcount=1251

Nothing's changed. Gnite & see you guys London session tomorrow
take it easy mate.
You've got to be IN IT to WIN IT!
  • #136,008
  • Jun 8, 2009 12:01pm Jun 8, 2009 12:01pm
Quoting deryworlds
Therefore, in order to reduce trading risks we can assume probability of rate return to 1,6060/80 resistance levels where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of formation of topping signals the targets will be 1,6000/20, 1,5920/40, 1,5840/60 and (or) further break-out variant up to 1,5780/1,5800, 1,5700/20, 1,5600/40. The alternative for buyers will be above 1,6200 with the targets of 1,6240/60, 1,6300/20.
You suggest buying above 6200? Why?
  • #136,009
  • Jun 8, 2009 12:04pm Jun 8, 2009 12:04pm
Quoting jack.canadia
You suggest buying above 6200? Why?
The pre-planned short positions from key resistance range levels have been implemented with the achievement of main anticipated targets. OsMA trend indicator, having marked strengthening of the factor of rate oversold but without persuasive bullish resistance and gives grounds for preservation of planning of buying priorities but, nevertheless, gives risk of quick change of situation favouring to buyers.
  • #136,010
  • Jun 8, 2009 12:08pm Jun 8, 2009 12:08pm
Quoting deryworlds
The pre-planned short positions from key resistance range levels have been implemented with the achievement of main anticipated targets. OsMA trend indicator, having marked strengthening of the factor of rate oversold but without persuasive bullish resistance and gives grounds for preservation of planning of buying priorities but, nevertheless, gives risk of quick change of situation favouring to buyers.
I dont understand what you mean?

I am long from 5900.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 33 KB
  • #136,011
  • Jun 8, 2009 12:11pm Jun 8, 2009 12:11pm
PM Brown meets with MP's at 5PM EST so anything can happen to the GBP before and after that time. Just a heads up
  • #136,012
  • Jun 8, 2009 12:13pm Jun 8, 2009 12:13pm
Quoting currencyexch
Think we see a retest of the high then south she goes!!
I'm looking for maybe 1.6050 - 1.6100 for a high,
Then yes, Down she goes.
It may be topped out now now.
Too early in the new bar to tell.
I just have to wait and see,
Where I can get back in the trend.

Spike
Will, Knowledge, Discipline, And tenacity=Success
  • #136,013
  • Jun 8, 2009 12:14pm Jun 8, 2009 12:14pm
Anybody short at 1.6025? Just asking was that price is good to enter?

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

GELORE
  • #136,014
  • Jun 8, 2009 12:14pm Jun 8, 2009 12:14pm
Quoting currencyexch
PM Brown meets with MP's at 5PM EST so anything can happen to the GBP before and after that time. Just a heads up
Can you please translate 5PM EST to GMT time?
  • #136,015
  • Jun 8, 2009 12:19pm Jun 8, 2009 12:19pm
Up up and away she goes ..

5 PM est is .. 21:00 GMT
  • #136,016
  • Jun 8, 2009 12:22pm Jun 8, 2009 12:22pm
ty jack..
  • #136,017
  • Jun 8, 2009 12:23pm Jun 8, 2009 12:23pm
Quoting jack.canadia
Up up and away she goes ..

5 PM est is .. 21:00 GMT
short is end???or now we see correction??i'm waiting to chance to short,but i'm very nervous....
  • #136,018
  • Jun 8, 2009 12:27pm Jun 8, 2009 12:27pm
Quoting musani
Anybody short at 1.6025? Just asking was that price is good to enter?

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

I hope you didnt...
  • #136,019
  • Jun 8, 2009 12:28pm Jun 8, 2009 12:28pm
Quoting wormboy
so much panic lol.

Earlier : http://www.forexfactory.com/showpost...postcount=1251

Nothing's changed. Gnite & see you guys London session tomorrow
whats your idea...good evening from Czech republic
  • #136,020
  • Jun 8, 2009 12:30pm Jun 8, 2009 12:30pm
Quoting Instinct
Can you please translate 5PM EST to GMT time?

1700 GMT
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