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Cable Update (GBPUSD)

  • #136,161
  • Jun 9, 2009 2:19am Jun 9, 2009 2:19am
Quoting Reznik
I still belief that the Cable is going to 1.6280 region... All my Bar patterns, signs are still very positive...
For the longger time maybe.... consider 261.8 at 1.7300 .......
Attached Image (click to enlarge)
Click to Enlarge Name: daily_elliot_gu.gif Size: 21 KB
Gold is Money but Money is not Gold
  • #136,162
  • Jun 9, 2009 2:19am Jun 9, 2009 2:19am
Quoting Reznik
I still belief that the Cable is going to 1.6280 region... All my Bar patterns, signs are still very positive...
On this move my t/p shows 6240...i am planning to short at 6230 though witha 50 pip stop...
  • #136,163
  • Jun 9, 2009 2:23am Jun 9, 2009 2:23am
Man I always miss out on the action!!
Not too late to join thou..
  • #136,164
  • Jun 9, 2009 2:26am Jun 9, 2009 2:26am
Quoting Instinct
Man I always miss out on the action!!
Not too late to join thou..
might be a retracement though right now...it hit 161.8 fib line... it on 6177.
  • #136,165
  • Jun 9, 2009 2:29am Jun 9, 2009 2:29am
Hi all, sorry just realised I labelled two of the waves incorrectly. Here's the amended chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Cable Hourly 09062009.jpg Size: 173 KB
  • #136,166
  • Jun 9, 2009 2:30am Jun 9, 2009 2:30am
Quoting wormboy
Afternoon Reznik. Up to 6185 level is all I have for longs. Close above that level and my shorts will be invalidated temporarily & I will take profit.

.
Had few queries as to why I picked that level. So I'll shed some light regarding the matter.

Here are the earlier charts :
http://www.forexfactory.com/showpost...postcount=1230

The chart attached here shows where it currently stands. Hope that helps.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1vvvvv.JPG Size: 85 KB
Thank You
  • #136,167
  • Jun 9, 2009 2:32am Jun 9, 2009 2:32am
Quoting 4cfx
Morning wormboy ,

Attachment
Afternoon mate, we'll see what London gives us today
Thank You
  • #136,168
  • Jun 9, 2009 2:33am Jun 9, 2009 2:33am
Quoting wormboy
Had few queries as to why I picked that level. So I'll shed some light regarding the matter.

Here are the earlier charts :
http://www.forexfactory.com/showpost...postcount=1230

The chart attached here shows where it currently stands. Hope that helps.
Thx wormboy you're great.
  • #136,169
  • Jun 9, 2009 2:37am Jun 9, 2009 2:37am
Quoting Geppyg
My Long Got triggered lat 1.6000 as discussed last night...
211 here we come...Currently +118
I am out at +160 pips on this trade.....Fantastic.......
A Beautiful Start to the day....

Good Luck Everybody
Let Price determine your future!
  • #136,170
  • Jun 9, 2009 2:38am Jun 9, 2009 2:38am
Quoting Instinct
Thx ..
Don't mention it
Thank You
  • #136,171
  • Jun 9, 2009 2:56am Jun 9, 2009 2:56am
And down down it goes..
  • #136,172
  • Jun 9, 2009 3:00am Jun 9, 2009 3:00am
She will stand here and turn back to the South? Or too early to say about that now?
  • #136,173
  • Jun 9, 2009 3:09am Jun 9, 2009 3:09am
Quoting Exciter135
She will stand here and turn back to the South? Or too early to say about that now?
h1 chart very strong divergence...short is very possible....pt 1,6000-5985 maybe
  • #136,174
  • Jun 9, 2009 3:14am Jun 9, 2009 3:14am
took a small short aiming 1.6110.
  • #136,175
  • Jun 9, 2009 3:19am Jun 9, 2009 3:19am
Quoting paul czech
h1 chart very strong divergence...short is very possible....pt 1,6000-5985 maybe
below 1.6095, perhaps we can see 1.6045.
and if we can break 1.6045, it might be a welcome party for strong bearish movement.
  • #136,176
  • Jun 9, 2009 4:04am Jun 9, 2009 4:04am
Quoting Bernanke_Sr
took a small short aiming 1.6110.
closed at break even.
  • #136,177
  • Jun 9, 2009 4:05am Jun 9, 2009 4:05am
no one post for 45 minutes lol
Verily, in every difficulties there is relief
  • #136,178
  • Jun 9, 2009 4:08am Jun 9, 2009 4:08am
Follow up to the chart on post #136173.
Possible weakness from the tweezer top which coincides with the previously mentioned resisting factors. Let's see how this plays out.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1vvvvvv.JPG Size: 74 KB
Thank You
  • #136,179
  • Jun 9, 2009 4:29am Jun 9, 2009 4:29am
Cable firmed 200 pips, taking strong support at 1.5800 (as expected) from the 21 Daily EMA & Channel trendline. Immediate cluster resistance in 4-hourly chart comes around 1.6085 with the charts getting overbought. Cable may take resistance there and retrace upto 1.5850 support levels. The overall trend however remains bullish with no clear trend reversal signs. Consider buying around 1.5870 for 100 pips profit and stop below 1.5790. (Gbp/Usd: 1.6004). Short term Bullish
  • #136,180
  • Jun 9, 2009 4:57am Jun 9, 2009 4:57am
I have a sell @ 1.6130..... SL 1.6250.....TP.....1.5950

my short order this morning BE..... DAmit!
Veni, Vidi, Vici (We came, we saw, we conquered)
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