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Cable Update (GBPUSD)

  • #136,101
  • Jun 8, 2009 5:08pm Jun 8, 2009 5:08pm
Quoting johnscorpion
Cable crashed to 1.5938 levels (as expected) after better than expected Non Farm Payrolls on Friday. The overall trend however remains bullish with no clear trend reversal signs. Strong cluster support comes around 1.5820-50 where longs can be considered for 150 pips. (Gbp/Usd: 1.5935). Short term Bullish
Pretty good call buddy
  • #136,102
  • Jun 8, 2009 5:14pm Jun 8, 2009 5:14pm
Looks like channel up, may go long for 1.6130 area-as long as it stays above the 100 bar moving avg.

Thoughts? IMHO-trend up
  • #136,103
  • Jun 8, 2009 6:30pm Jun 8, 2009 6:30pm
short at 1.6063, looking for 40pips..
  • #136,104
  • Jun 8, 2009 6:34pm Jun 8, 2009 6:34pm
Quoting sidelli
short at 1.6063, looking for 40pips..
You should get out, we're going up, look @ the futures....
  • #136,105
  • Jun 8, 2009 6:39pm Jun 8, 2009 6:39pm
Hi Folks,

No Calls Just Charts...
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  • #136,106
  • Jun 8, 2009 7:14pm Jun 8, 2009 7:14pm
Quoting HotPips
You should get out, we're going up, look @ the futures....
i think i should wait.. its so early to go up...
  • #136,107
  • Jun 8, 2009 7:15pm Jun 8, 2009 7:15pm
Quoting HotPips
You should get out, we're going up, look @ the futures....
Hello fellow,
Could u pls direct me where i can get info on how to trade futures with forex?
Besides, i went long bcos of divergence on stoch in 1hr chart.
tanx
  • #136,108
  • Jun 8, 2009 7:37pm Jun 8, 2009 7:37pm
Quoting legacy
Pretty good call buddy
All that guy told you was where a support level was .. which it overlapped with a 38.2% retracement .. basic techincal analysis could have told you buyers were waiting there
  • #136,109
  • Jun 8, 2009 7:42pm Jun 8, 2009 7:42pm
Quoting jack.canadia
All that guy told you was where a support level was .. which it overlapped with a 38.2% retracement .. basic techincal analysis could have told you buyers were waiting there
Jack, did you close your short? I'm out @ 6028, limit and reverse.
  • #136,110
  • Jun 8, 2009 7:44pm Jun 8, 2009 7:44pm
It never went where I thought it would so I sat out on my long. Glad I didn't try it. I see a descending triangle on the 15 minute. Price should go down for a bit-I think. lol
  • #136,111
  • Jun 8, 2009 7:51pm Jun 8, 2009 7:51pm
Jack how do you view the price action right now going in towards the london hours?

Are we still looking for a short?
  • #136,112
  • Jun 8, 2009 7:54pm Jun 8, 2009 7:54pm
close short 1.6063.. 50pips.
  • #136,113
  • Jun 8, 2009 7:56pm Jun 8, 2009 7:56pm
Quoting alex1976
Jack how do you view the price action right now going in towards the london hours?

Are we still looking for a short?
Still looking for her to drop to the 61.8 or 50 Fibo area based on Mondays move.
Show me the PIPS!
  • #136,114
  • Jun 8, 2009 7:58pm Jun 8, 2009 7:58pm
jack.. how about long now at 1.6008.??
  • #136,115
  • Jun 8, 2009 8:00pm Jun 8, 2009 8:00pm
Quoting HotPips
Jack, did you close your short? I'm out @ 6028, limit and reverse.
Hey i took partial then stopped at +5 while at the gym in the rest ..

I think we may see buying against 1.60 and if we can get a clean break of 6100 then that opens up a short from from a fib level or even the possibility of a double top near 6660?

Its all speculative but its possible nonetheless.

That 300 pip upmove from the 4-hr support may have some juice to it so buying a dip for now would be best.
  • #136,116
  • Jun 8, 2009 8:01pm Jun 8, 2009 8:01pm
Quoting sidelli
jack.. how about long now at 1.6008.??
Hey sorry i didnt see this i had an order at 6005 but didnt take so i cancelled it and opened 6007 for a long
  • #136,117
  • Jun 8, 2009 8:03pm Jun 8, 2009 8:03pm
Quoting tathlynq
Still looking for her to drop to the 61.8 or 50 Fibo area based on Mondays move.
Possible .. remember the daily chart is still bullish, so she may not dip that low .. if she does, wonderful!

Right now its kind of in "no man's land", in between support and resistance so be cautious.
  • #136,118
  • Jun 8, 2009 8:17pm Jun 8, 2009 8:17pm
jack if it keeps goin south and breaks 5776, will that confirm the head and shoulders on 4h?
  • #136,119
  • Jun 8, 2009 8:20pm Jun 8, 2009 8:20pm
Quoting alex1976
jack if it keeps goin south and breaks 5776, will that confirm the head and shoulders on 4h?
Yup
  • #136,120
  • Jun 8, 2009 8:21pm Jun 8, 2009 8:21pm
I don't know how far it will go, But I got my short signal At 1.6045.
Looking for 1.5980, Or see what this hour brings

Spike
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