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Cable Update (GBPUSD)

  • #137,721
  • Jun 17, 2009 5:01am Jun 17, 2009 5:01am
Quoting RichLadyFX
Long@6269 with ready SL
TP@15 pips. Will long again on dips.
Great Bodies are Engineered not Born
  • #137,722
  • Jun 17, 2009 5:14am Jun 17, 2009 5:14am
I'm going to look to short around 1.6323 zone with a TP of around 1.5860 zone.
  • #137,723
  • Jun 17, 2009 5:22am Jun 17, 2009 5:22am
Quoting welshguy2000
I'm going to look to short around 1.6323 zone with a TP of around 1.5860 zone.
Why 6323?
  • #137,724
  • Jun 17, 2009 5:39am Jun 17, 2009 5:39am
dun dun dun. Patience pays.
  • #137,725
  • Jun 17, 2009 5:53am Jun 17, 2009 5:53am
Guys,

We have US heavy duty news and "Fed Chairman Bernanke Speaks" event in a couple of hours. We'll get a meaningful price movement after this.

Play safe..
  • #137,726
  • Jun 17, 2009 6:01am Jun 17, 2009 6:01am
Quoting vishalshan
Guys,

We have US heavy duty news and "Fed Chairman Bernanke Speaks" event in a couple of hours. We'll get a meaningful price movement after this.

Play safe..
I think the trend is meaningful enough as it is.
  • #137,727
  • Jun 17, 2009 6:44am Jun 17, 2009 6:44am
hey jack what do you think it could go long now or what??

UB
  • #137,728
  • Jun 17, 2009 6:47am Jun 17, 2009 6:47am
morning guys .. had another successful night ..

failed short at 6425 took +5 pips then shorted just below 6500 and closed at 6260 for some hefty gains!

my bias is down and all i have been doing it shorting rallies. that double top is the catalyst

4-hour descending triangle and hourly head and shoulders with base about 62240/40 area ... if this gives way, we now have a lower-low, shifting the bias to the downside.

take care wiith the longs I have been reading that people took and be prepared to jump shit on a break below 6220/40.
  • #137,729
  • Jun 17, 2009 7:02am Jun 17, 2009 7:02am
Quoting ubaidahsan
hey jack what do you think it could go long now or what??

UB
either direction man ... break lower or else i favor a pullback for 6350 area to short again.

US news in a few minutes will cause some volatility so please dont guess the news. wasnt the GBP news better than expected last night and it fell?

the news is not necessarily tied to the movements of the currency, remember that.
  • #137,730
  • Jun 17, 2009 7:04am Jun 17, 2009 7:04am
Quoting Bull_Bear
Short @ 1.6420...... SL 1.6510..... TP open.

Loss on previous long of -20pips.
Just took profit @ 1.6230.... +210pips
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,731
  • Jun 17, 2009 7:06am Jun 17, 2009 7:06am
Quoting Bull_Bear
Just took profit @ 1.6230.... +210pips
good work man .. seems we both made some money over night!@
  • #137,732
  • Jun 17, 2009 7:09am Jun 17, 2009 7:09am
i like this day
{Promotion Removed}
  • #137,733
  • Jun 17, 2009 7:09am Jun 17, 2009 7:09am
Quoting jack.canadia
good work man .. seems we both made some money over night!@
Yeah Jack i posted my call this morning (your night). Good to hear you pipp'n green too mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,734
  • Jun 17, 2009 7:14am Jun 17, 2009 7:14am
i think cable may want to reach 1.6350 which is 50fib of this last down move to reload shorts
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #137,735
  • Jun 17, 2009 7:16am Jun 17, 2009 7:16am
Quoting djambazov84
i think cable may want to reach 1.6350 which is 50fib of this last down move to reload shorts
6320/50 man!

have the same area in mind with a short order waiting at 6330.
  • #137,736
  • Jun 17, 2009 7:18am Jun 17, 2009 7:18am
Quoting jack.canadia
6320/50 man!

have the same area in mind with a short order waiting at 6330.
could be wishful thinking but if this happens and symmetry in these waves keeps to be the same a downward target to 1.61 could be a decent possibility
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #137,737
  • Jun 17, 2009 7:21am Jun 17, 2009 7:21am
thoughts on effects of Core CPI m/m in about 9 minutes?
{Promotion Removed}
  • #137,738
  • Jun 17, 2009 7:22am Jun 17, 2009 7:22am
Quoting jgnorton
thoughts on effects of Core CPI m/m in about 9 minutes?
yes...ignore news charts is all you need
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #137,739
  • Jun 17, 2009 7:22am Jun 17, 2009 7:22am
Quoting jack.canadia
morning guys .. had another successful night ..

failed short at 6425 took +5 pips then shorted just below 6500 and closed at 6260 for some hefty gains!

my bias is down and all i have been doing it shorting rallies. that double top is the catalyst

4-hour descending triangle and hourly head and shoulders with base about 62240/40 area ... if this gives way, we now have a lower-low, shifting the bias to the downside.

take care wiith the longs I have been reading that people took and be prepared to jump shit on a break below 6220/40.
Hi!Seems that mother bear wants to go @ .6115 today ) . Just locked my profits and now just watchin' the show .Good luck !
  • #137,740
  • Jun 17, 2009 7:23am Jun 17, 2009 7:23am
every just pray... see GU can go to 1.6320/40 ?????? here we go...
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