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Cable Update (GBPUSD)

  • #137,161
  • Jun 15, 2009 7:55am Jun 15, 2009 7:55am
Quoting forexlion
Alright

I feel I should post this here now, specially for those who still feel GU can and has the potential to go up again.

 

  1. GU follows fibs religiously, this is a fact
  2. Problem is which kind of fibs, this is a million dollar question, because once you have the answer to this and you have over a period of time worked hard to find the answer, you will always make money trading GU

For today

 

  1. The basic move is for 1.6224 just above last month high
  2. Here, I do expect some kind of support to take us back into 1.6417

But
[list][*]If...

well, it did get back to 1.6417 the move was entirely based off eur news.

now

 

  1. provided 1.6417 continues to hold as resistance, i am still bearish.
  2. but if it breaks, then ................ just trade what you see on the charts i am not an astrologer

  • #137,162
  • Jun 15, 2009 8:01am Jun 15, 2009 8:01am
good bye $$ rest in peace
  • #137,163
  • Jun 15, 2009 8:02am Jun 15, 2009 8:02am
Quoting Geppyg
What trend there is no up trend....
This is just consolidation my dear friend...and you are scalping the market....

I have shorts running from
1.6518,1.6474 and have added at 1.6374...
These are swing trades..
I am scalping in between on these ranges....

My overall target is 1.5700...so Lets see how this plays out.
When I say change of trend i mean change of trend

But depend on which timeframe..i guess you were thinking on 4H and 1H..but look at daily we have up trend again now for a while..I was thinking chane of trend on 15min..but also I aspect trend reversal on 1H and 4H..so just wait and you will se

Just my opinion!

And yes i was scalping becouse I do not like trading on a long period..I just tell which position I take..and then I also said that the trend is changing. Which is also importrant for me becouse i disslike scalping against the trend.

Happy trading..btw..close all 3 position +81 pips
  • #137,164
  • Jun 15, 2009 8:05am Jun 15, 2009 8:05am
What happened ??
  • #137,165
  • Jun 15, 2009 8:08am Jun 15, 2009 8:08am
Quoting forexlion
good bye $$ rest in peace
this is going to tear the $$ down to nothing
Attached Image (click to enlarge)
Click to Enlarge Name: dollar.gif Size: 5 KB
  • #137,166
  • Jun 15, 2009 8:20am Jun 15, 2009 8:20am
Quoting forexlion
this is going to tear the $$ down to nothing
Blimey. Is that a mis-print?
  • #137,167
  • Jun 15, 2009 8:20am Jun 15, 2009 8:20am
Quoting forexlion
this is going to tear the $$ down to nothing
well not exactly nothing

it will still have some use though

http://www.lilith-ezine.com/articles...ilet-Paper.jpg
  • #137,168
  • Jun 15, 2009 8:24am Jun 15, 2009 8:24am
Already priced in? Will fall from here, GBP/JPY target 151, GBP/USD 155?
  • #137,169
  • Jun 15, 2009 8:25am Jun 15, 2009 8:25am
Quoting forexlion
well not exactly nothing

it will still have some use though
I guess that was kind of expected given how the usd index tanked in May. My short got stopped out at be. Now I have to wait again.
  • #137,170
  • Jun 15, 2009 8:25am Jun 15, 2009 8:25am
Quoting forexlion
well not exactly nothing

it will still have some use though
another 5 minute it will messy this movement then another 30minute..will make us crazy lol.....
  • #137,171
  • Jun 15, 2009 8:27am Jun 15, 2009 8:27am
Well, if dollar goes down to the end..then America will not keep quiet they will start a war
  • #137,172
  • Jun 15, 2009 8:29am Jun 15, 2009 8:29am
Quoting forexlion
this is going to tear the $$ down to nothing
If some news is not good for the economy, does that means it is bad news for the currency or vice versa?
Great Bodies are Engineered not Born
  • #137,173
  • Jun 15, 2009 8:31am Jun 15, 2009 8:31am
Keep your shorts peoples.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,174
  • Jun 15, 2009 8:32am Jun 15, 2009 8:32am
Quoting RichLadyFX
If some news is not good for the economy, does that means it is bad news for the currency or vice versa?
Actual > Forecast = Good for currency;

the report was 5 times worse than expected, so .........
  • #137,175
  • Jun 15, 2009 8:33am Jun 15, 2009 8:33am
wow DOW crashed
  • #137,176
  • Jun 15, 2009 8:38am Jun 15, 2009 8:38am
Quoting Bull_Bear
Keep your shorts peoples.....
Still has my shorts on. This is unbearable!
Great Bodies are Engineered not Born
  • #137,177
  • Jun 15, 2009 8:38am Jun 15, 2009 8:38am
Quoting forexlion
well not exactly nothing

it will still have some use though

http://www.lilith-ezine.com/articles...ilet-Paper.jpg
Carefully. Dollar will bite the ass without notice.
Trend is bullish for USD.See USD/CHF.
  • #137,178
  • Jun 15, 2009 8:40am Jun 15, 2009 8:40am
Quoting spiderforex
wow DOW crashed
What does that means to us?
Great Bodies are Engineered not Born
  • #137,179
  • Jun 15, 2009 8:43am Jun 15, 2009 8:43am
Quoting RichLadyFX
Still has my shorts on. This is unbearable!
sorry, but that line was .......
  • #137,180
  • Jun 15, 2009 8:47am Jun 15, 2009 8:47am
Quoting RichLadyFX
Still has my shorts on. This is unbearable!

Its bearable now, right?
Veni, Vidi, Vici (We came, we saw, we conquered)
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