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Cable Update (GBPUSD)

  • #136,701
  • Jun 11, 2009 3:55am Jun 11, 2009 3:55am
now short 6460 try and get 40 more
FUTURE OF MX
  • #136,702
  • Jun 11, 2009 3:56am Jun 11, 2009 3:56am
A chart worth posting here.

I am sure Jack will love it.
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  • #136,703
  • Jun 11, 2009 3:57am Jun 11, 2009 3:57am
Quoting batwood
now short 6460 try and get 40 more
I agree we could see retracement but I am staying in longer even after retracement and continuation long - my hope at least

am at BE already of course so no harm if short will be stronger...
  • #136,704
  • Jun 11, 2009 3:57am Jun 11, 2009 3:57am
dollar collapsing fast carved a low @ 79.845 and dropping!!!
Hear the music before the song is over ...
  • #136,705
  • Jun 11, 2009 3:58am Jun 11, 2009 3:58am
Cable was well contained below the channel trend-line resistance at 1.6470 yesterday after which it fell to 1.6240 (21 4-hourly EMA). The charts are indicating an upside with resistance now at 1.6515. Decisive break of this can take Cable higher to 1.6660 (previous high). Consider buying around 1.6300 for 100 pips. (Gbp/Usd: 1.6412). Short term Bullish
  • #136,706
  • Jun 11, 2009 4:05am Jun 11, 2009 4:05am
Quoting GlobalMacro
dollar collapsing fast carved a low @ 79.845 and dropping!!!
where did you get this information from ?????
  • #136,707
  • Jun 11, 2009 4:08am Jun 11, 2009 4:08am
Quoting macd
where did you get this information from ?????
Dollar Index.
Now trading @ 79.800 and falling
Hear the music before the song is over ...
  • #136,708
  • Jun 11, 2009 4:17am Jun 11, 2009 4:17am
going to try and get long of around 1.6450 zone for 200 pips
  • #136,709
  • Jun 11, 2009 4:21am Jun 11, 2009 4:21am
Quoting GlobalMacro
Dollar Index.
Now trading @ 79.800 and falling
Cable's rise this morning seems to have been forced by the dollar fall.
High @ 1.6492 , still hasn't managed to break 1.6509 - is sure getting interesting.
Hear the music before the song is over ...
  • #136,710
  • Jun 11, 2009 4:24am Jun 11, 2009 4:24am
Quoting GlobalMacro
Cable's rise this morning seems to have been forced by the dollar fall.
High @ 1.6492 , still hasn't managed to break 1.6509 - is sure getting interesting.
hey bro what do you think it could go to 67xx-68xx??from where we can sit long please advice

Ub
  • #136,711
  • Jun 11, 2009 4:28am Jun 11, 2009 4:28am
Quoting GlobalMacro
Dollar Index.
Now trading @ 79.800 and falling
USDCHF = USD Index

GBPCHF = GBP Index

Both have identical chart patterns in respect to the index they represent
  • #136,712
  • Jun 11, 2009 4:29am Jun 11, 2009 4:29am
1.6460 area is hard nut to crack, it is 76.4% fib. retracement level from the high 1.6657 low 1.58 ,
  • #136,713
  • Jun 11, 2009 4:30am Jun 11, 2009 4:30am
Quoting ubaidahsan
hey bro what do you think it could go to 67xx-68xx??from where we can sit long please advice

Ub
Hi Ub

Well, big picture says uptrend still intact but price action showing signs of fatigue. So if you're not in a trade yet best be patient and stay out for awhile you'll definitely get a better chance.
Hear the music before the song is over ...
  • #136,714
  • Jun 11, 2009 4:31am Jun 11, 2009 4:31am
sell @1.6477 stp @ BE
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Verily, in every difficulties there is relief
  • #136,715
  • Jun 11, 2009 4:31am Jun 11, 2009 4:31am
Quoting ubaidahsan
hey bro what do you think it could go to 67xx-68xx??from where we can sit long please advice

Ub
look for price to swing up and down, nothing major pass 1.6515.
  • #136,716
  • Jun 11, 2009 4:34am Jun 11, 2009 4:34am
Quoting primzvicious
sell @1.6477 stp @ BE

great fibo level*
  • #136,717
  • Jun 11, 2009 4:35am Jun 11, 2009 4:35am
that move wasnt as good as i had hoped closed with 15 pip now long again 6440 40 pips and done need sleep
FUTURE OF MX
  • #136,718
  • Jun 11, 2009 4:35am Jun 11, 2009 4:35am
Quoting MoeFx
look for price to swing up and down, nothing major pass 1.6515.
i agree
FUTURE OF MX
  • #136,719
  • Jun 11, 2009 4:36am Jun 11, 2009 4:36am
1.641 is the area for long anyone ?
  • #136,720
  • Jun 11, 2009 4:37am Jun 11, 2009 4:37am
Quoting forexlion
USDCHF = USD Index

GBPCHF = GBP Index

Both have identical chart patterns in respect to the index they represent
I agree, forexlion. Especially USD/CHF...I haven't been trading that pair for a couple of months, though...for obvious reasons.
Hear the music before the song is over ...
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