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Cable Update (GBPUSD)

  • #137,201
  • Jun 15, 2009 9:40am Jun 15, 2009 9:40am
Bloomberg says Russians endorsing the dollar.
81.056 +0.785
Hear the music before the song is over ...
  • #137,202
  • Jun 15, 2009 9:45am Jun 15, 2009 9:45am
GBP and EUR looking weak. Need to break 1.63 to accelerate push down.
  • #137,203
  • Jun 15, 2009 9:45am Jun 15, 2009 9:45am
Quoting GlobalMacro
Bloomberg says Russians endorsing the dollar.
81.056 +0.785
Hi GM, are you still long bias? Just out of interest.
  • #137,204
  • Jun 15, 2009 9:46am Jun 15, 2009 9:46am
Quoting GlobalMacro
Bloomberg says Russians endorsing the dollar.
81.056 +0.785
Meaning: Revenge of the Fallen USD?
Great Bodies are Engineered not Born
  • #137,205
  • Jun 15, 2009 9:48am Jun 15, 2009 9:48am
Quoting 4cfx
Missed your posts in the forum today. Do you mean the neckline at 6300? Is the bugger going to break?
aye. @6300
Will it break? Sure looks like it from here. Might take a while who knows.
But, if you don't scalp for a living, don't bet against the selling pressure
Thank You
  • #137,206
  • Jun 15, 2009 9:49am Jun 15, 2009 9:49am
Quoting Bull_Bear
Bring it on....

Later mate, bed time
alrite bud, have a good rest
Thank You
  • #137,207
  • Jun 15, 2009 9:55am Jun 15, 2009 9:55am
Quoting 4cfx
Hi GM, are you still long bias? Just out of interest.
That's right...as long as price keeps above 1.6290 my bias is bullish for today
Hear the music before the song is over ...
  • #137,208
  • Jun 15, 2009 9:55am Jun 15, 2009 9:55am
Quoting wormboy
aye. @6300
Will it break? Sure looks like it from here. Might take a while who knows.
But, if you don't scalp for a living, don't bet against the selling pressure
Let's see it break soon. Perhaps when london closes, the US will take it down.
  • #137,209
  • Jun 15, 2009 9:56am Jun 15, 2009 9:56am
Quoting RichLadyFX
Meaning: Revenge of the Fallen USD?
Looks more and more that way...in the medium to long term
Hear the music before the song is over ...
  • #137,210
  • Jun 15, 2009 9:57am Jun 15, 2009 9:57am
Quoting GlobalMacro
That's right...as long as price keeps above 1.6290 my bias is bullish for today
Why 6290? I have 6307. What am I missing?
  • #137,211
  • Jun 15, 2009 10:00am Jun 15, 2009 10:00am
Quoting 4cfx
Why 6290? I have 6307. What am I missing?
I give more leeway to the bullish setups than bearish ones in the current environment to avoid headfakes.
Hear the music before the song is over ...
  • #137,212
  • Jun 15, 2009 10:03am Jun 15, 2009 10:03am
Quoting AbgZuhaini
Lately, bad news for dollar seem to make it stronger. I fall for that twice this month. on the other hand, sudden up gap seem to be a perfect bull trap and good refuelling for further down. my 2 cents.. I cant trade it my wireless connection sux. Loss potential 100 pips, took me 10 mins to send this post
I finally figured out the best way to trade GU

just do the opposite of usdchf
  • #137,213
  • Jun 15, 2009 10:08am Jun 15, 2009 10:08am
Quoting GlobalMacro
I give more leeway to the bullish setups than bearish ones in the current evironment to avoid headfakes.
I do that too as there are always spikes when it comes to critical levels! What tf do you use to judge when a price level is broken? I use 15m and then 4h to give comfort. Not sure if this is a good way of doing it or not.
  • #137,214
  • Jun 15, 2009 10:09am Jun 15, 2009 10:09am
Quoting forexlion
I finally figured out the best way to trade GU

just do the opposite of usdchf
or usdcad...
Great Bodies are Engineered not Born
  • #137,215
  • Jun 15, 2009 10:10am Jun 15, 2009 10:10am
There she goes ...
Crush all bulls.
Thank You
  • #137,216
  • Jun 15, 2009 10:11am Jun 15, 2009 10:11am
Yaiiiitch !!! I miss resistance 640 for short

________________________

S + R = $$$

.
  • #137,217
  • Jun 15, 2009 10:12am Jun 15, 2009 10:12am
so when the central banks get involved in the currency market then one should get out of their way...as expeditiously as possible I may add...

dollar: 81.236 +0.933
Attached Image
Hear the music before the song is over ...
  • #137,218
  • Jun 15, 2009 10:12am Jun 15, 2009 10:12am
Quoting forexlion
I finally figured out the best way to trade GU

just do the opposite of usdchf
USDCAD mirror of GU
USDCHF mirror of EU
  • #137,219
  • Jun 15, 2009 10:17am Jun 15, 2009 10:17am
Quoting 4cfx
I do that too as there are always spikes when it comes to critical levels! What tf do you use to judge when a price level is broken? I use 15m and then 4h to give comfort. Not sure if this is a good way of doing it or not.
usually H1 is my favorite TF currently I am more lenient towards the bulls. It was a different story couple of months ago.
Hear the music before the song is over ...
  • #137,220
  • Jun 15, 2009 10:19am Jun 15, 2009 10:19am
Quoting wormboy
There she goes ...
Crush all bulls.

Will we see 6250 today??? Neckline is not broken on the 1h yet.
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