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Cable Update (GBPUSD)

  • #136,041
  • Jun 8, 2009 1:13pm Jun 8, 2009 1:13pm
next level of resistance is 6080.
  • #136,042
  • Jun 8, 2009 1:13pm Jun 8, 2009 1:13pm
Quoting juhanimi
Maybe You mean 1.67?

1.57 the correction is not over,, at least my opinion. US index is just consolidating and there is a weak S&P
  • #136,043
  • Jun 8, 2009 1:13pm Jun 8, 2009 1:13pm
may see a pullback from there?
  • #136,044
  • Jun 8, 2009 1:14pm Jun 8, 2009 1:14pm
skynews....

Former Home Secretary Charles Clarke has told the Prime Minister he should stand down at a meeting of Labour MPs.
  • #136,045
  • Jun 8, 2009 1:20pm Jun 8, 2009 1:20pm
if it bounces of the 6080 pretty hard, then we may have a head and shoulders on the 4hour chart.
  • #136,046
  • Jun 8, 2009 2:24pm Jun 8, 2009 2:24pm
going to test the 6080, look for some negative divergence on the 15min.
  • #136,047
  • Jun 8, 2009 2:25pm Jun 8, 2009 2:25pm
Jack, whats your take on the current price action?
  • #136,048
  • Jun 8, 2009 2:32pm Jun 8, 2009 2:32pm
Quoting alex1976
Jack, whats your take on the current price action?
I'm waiting to see if we get to 6100
  • #136,049
  • Jun 8, 2009 2:33pm Jun 8, 2009 2:33pm
Quoting jack.canadia
I'm waiting to see if we get to 6100
when you will enter your sell then if it will reach on 6100??


Ub
  • #136,050
  • Jun 8, 2009 2:34pm Jun 8, 2009 2:34pm
Quoting jack.canadia
I'm waiting to see if we get to 6100
6105 was the target i stated earlier for the day
  • #136,051
  • Jun 8, 2009 2:35pm Jun 8, 2009 2:35pm
Quoting ubaidahsan
when you will enter your sell then if it will reach on 6100??


Ub
Depends if it breaks .. theres a 38.2% at 6130 .. so it might spike to there
  • #136,052
  • Jun 8, 2009 2:37pm Jun 8, 2009 2:37pm
Quoting jack.canadia
Depends if it breaks .. theres a 38.2% at 6130 .. so it might spike to there
6105 spot on.
  • #136,053
  • Jun 8, 2009 2:38pm Jun 8, 2009 2:38pm
Yes. The price at what new 30min candle was opened makes me believe to reach 1.6130
  • #136,054
  • Jun 8, 2009 2:38pm Jun 8, 2009 2:38pm
I dont really know where she is going .. but based on pivots theory .. a move from M1 ends at M3 .. could go higher or lower now, just wait and see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 48 KB
  • #136,055
  • Jun 8, 2009 2:39pm Jun 8, 2009 2:39pm
Jack, how much are you looking for for that cable short @ 1.6100
  • #136,056
  • Jun 8, 2009 2:41pm Jun 8, 2009 2:41pm
Quoting HotPips
Jack, how much are you looking for for that cable short @ 1.6100
Hopefully hold for well into the 1.50's
  • #136,057
  • Jun 8, 2009 2:44pm Jun 8, 2009 2:44pm
I still like 6130 though to short as well.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 37 KB
  • #136,058
  • Jun 8, 2009 2:44pm Jun 8, 2009 2:44pm
looks like maybe a sweet hammer on 15min?

lets see!
  • #136,059
  • Jun 8, 2009 2:46pm Jun 8, 2009 2:46pm
Quoting alex1976
looks like maybe a sweet hammer on 15min?

lets see!
I like it!
  • #136,060
  • Jun 8, 2009 2:47pm Jun 8, 2009 2:47pm
Quoting jack.canadia
Hopefully hold for well into the 1.50's
What about 6300's? You said maybe we were coming back up. Where would you take profit if short @ 1.6100?
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