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Cable Update (GBPUSD)

  • #137,741
  • Jun 17, 2009 7:24am Jun 17, 2009 7:24am
Quoting djambazov84
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
Wishful thinkin'...... definitely not, I have shorts at the same level as Jack @ 1.6320, but i won't hold long unless my signal changes.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,742
  • Jun 17, 2009 7:30am Jun 17, 2009 7:30am
16330 or 16354 = good areas imo.

If your confident of it going up I don't know why you're talking about shorting.

NOK rates had some good money on them, knock on effects at 1pm .

Don't completely ignore news - just be aware that it makes the market move faster.

Didn't touch 16215 unfortunately hmph.
  • #137,743
  • Jun 17, 2009 7:34am Jun 17, 2009 7:34am
Here's my usless theory. This has been dribbling down for the past 5 hours setting up for the news which will make it jump up. Then Bernacki speaks a half hour later (notice how they alway do that...lol) which will make it drop like a rock.

I'm Long at 6225 with SL at BE...LOL
Ghost Rider - WWTBMD?
  • #137,744
  • Jun 17, 2009 7:35am Jun 17, 2009 7:35am
Quoting Bull_Bear
Wishful thinkin'...... definitely not, I have shorts at the same level as Jack @ 1.6320, but i won't hold long unless my signal changes.
hey bro please update us when you go short or long everytime

Ub
  • #137,745
  • Jun 17, 2009 7:36am Jun 17, 2009 7:36am
Quoting Bull_Bear
Wishful thinkin'...... definitely not, I have shorts at the same level as Jack @ 1.6320, but i won't hold long unless my signal changes.
Morning to you. I have a similar order. Took a short earlier today when it broke 6275. That was a nice one.

Looking at the chart, bears are out in force.
  • #137,746
  • Jun 17, 2009 7:40am Jun 17, 2009 7:40am
Quoting ubaidahsan
hey bro please update us when you go short or long everytime

Ub
No probs Ub friend..... but don't for forget I'm a lazy trader bro, when I'm in front of my comp i always make calls.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,747
  • Jun 17, 2009 7:41am Jun 17, 2009 7:41am
im out for a bit

short orders at 6330 and 6355.

ill be back for bernanke.
  • #137,748
  • Jun 17, 2009 7:42am Jun 17, 2009 7:42am
Quoting 4cfx
Morning to you. I have a similar order. Took a short earlier today when it broke 6275. That was a nice one.

Looking at the chart, bears are out in force.
Hey mate...... Agreed about the shorts, but its nearly bed time for me here in Aus. Looking to short again @ 1.6320.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,749
  • Jun 17, 2009 7:45am Jun 17, 2009 7:45am
Where can we read what Bernanke says?
Great Bodies are Engineered not Born
  • #137,750
  • Jun 17, 2009 7:49am Jun 17, 2009 7:49am
www.channelchooser.com >bloomberg.
  • #137,751
  • Jun 17, 2009 7:53am Jun 17, 2009 7:53am
Quoting Bull_Bear
No probs Ub friend..... but don't for forget I'm a lazy trader bro, when I'm in front of my comp i always make calls.
hey bro can we talk on messenger >???

Ub
  • #137,752
  • Jun 17, 2009 7:54am Jun 17, 2009 7:54am
Quoting Bull_Bear
Hey mate...... Agreed about the shorts, but its nearly bed time for me here in Aus. Looking to short again @ 1.6320.
My apologies. Good night to you then. I thought you were from the US for some reason .

the 50% fib retrace from this morning is at 6350. Do you reckon it may retrace that far? From my limited experience, cable can often retrace up to 74%!

Having said that, today bears are definitely out in force. Let's hear your opinion, mate.
  • #137,753
  • Jun 17, 2009 7:54am Jun 17, 2009 7:54am
Quoting KillPhil08
www.channelchooser.com >bloomberg.
Thank you a million times. Happy green pipping!
Great Bodies are Engineered not Born
  • #137,754
  • Jun 17, 2009 8:01am Jun 17, 2009 8:01am
I'm already short again at 6312, i can't wait higher levels to short. But it can climb even to 6400. I'll wait 6000
  • #137,755
  • Jun 17, 2009 8:02am Jun 17, 2009 8:02am
Quoting 4cfx
My apologies. Good night to you then. I thought you were from the US for some reason .

the 50% fib retrace from this morning is at 6350. Do you reckon it may retrace that far? From my limited experience, cable can often retrace up to 74%!

Having said that, today bears are definitely out in force. Let's hear your opinion, mate.
I have an order at 1.6320...... if it gets to 1.6380, I will load again. I think 1.6320/50 will cap though.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,756
  • Jun 17, 2009 8:04am Jun 17, 2009 8:04am
Quoting ubaidahsan
hey bro can we talk on messenger >???

Ub
I'm not on messenger mate, hardly on my comp.... about to crash now ub.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #137,757
  • Jun 17, 2009 8:05am Jun 17, 2009 8:05am
I started to scale into a short position at 6300 on a retest of this line and 38.2 retrace.
Attached Image (click to enlarge)
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  • #137,758
  • Jun 17, 2009 8:07am Jun 17, 2009 8:07am
Quoting Bull_Bear
I have an order at 1.6320...... if it gets to 1.6380, I will load again. I think 1.6320/50 will cap though.
It's already dropped 240 pips today in London session. Will it carry on dropping without a bigger retrace?

It's being capped by the 10 DMA at the moment.
  • #137,759
  • Jun 17, 2009 8:14am Jun 17, 2009 8:14am
What's big ben saying? I cant watch bloomberg on my comp.

Obviously nothing to make the USD look weak so far.
  • #137,760
  • Jun 17, 2009 8:16am Jun 17, 2009 8:16am
Quoting 4cfx
It's already dropped 240 pips today in London session. Will it carry on dropping without a bigger retrace?

On strong moves and shorts out in force, I like the idea of 38.2% retracement to get back in position. I think shorts momentum will continue after it hits 38.2% so i want in early, if not than as long as I'm with the trend I not too fuss about getting in at the very peak, if you know wot i mean.
Veni, Vidi, Vici (We came, we saw, we conquered)
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