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Cable Update (GBPUSD)

  • #138,201
  • Jun 18, 2009 12:24pm Jun 18, 2009 12:24pm
I am short 6350 .. my prior 3 shorts were close at 6300 for nice profits!
  • #138,202
  • Jun 18, 2009 12:31pm Jun 18, 2009 12:31pm
i'm short @ 6355, i think there is a chance of visiting 6220 in asian session. sl above 6400, eur runned out of steam and could be heading towards 3800 and it will drag gbp down with it
  • #138,203
  • Jun 18, 2009 12:31pm Jun 18, 2009 12:31pm
Just checked euro 4-h and its forming a bearish flag .. has about a 400 pips projection south on it if it plays out ..

This could be a nice indication of USD strength into tomorrow

http://www.forexfactory.com/showpost...stcount=112190
  • #138,204
  • Jun 18, 2009 12:37pm Jun 18, 2009 12:37pm
Quoting Endrju
i'm short @ 6355, i think there is a chance of visiting 6220 in asian session. sl above 6400, eur runned out of steam and could be heading towards 3800 and it will drag gbp down with it


big picture wont lie .. above 6400 get bullish
  • #138,205
  • Jun 18, 2009 12:38pm Jun 18, 2009 12:38pm
Quoting jack.canadia
I am short 6350 .. my prior 3 shorts were close at 6300 for nice profits!

Flipped back to short @ .6349, good call so far Jack.

Since I flipped, you may want to go long...market always runs away from me!
Avoiding poverty, one pip at a time.
  • #138,206
  • Jun 18, 2009 12:42pm Jun 18, 2009 12:42pm
Quoting northpeak
Flipped back to short @ .6349, good call so far Jack.

Since I flipped, you may want to go long...market always runs away from me!
Yeah we saw what happened last night lol .. false break of the trendline

This time above 6400 will be another break of the TL and if it closes and surges from there (which i dont think it will) then we can be bullish.

Dont marry any shorts yet!
  • #138,207
  • Jun 18, 2009 12:46pm Jun 18, 2009 12:46pm
Quoting jack.canadia
Yeah we saw what happened last night lol .. false break of the trendline

This time above 6400 will be another break of the TL and if it closes and surges from there (which i dont think it will) then we can be bullish.

Dont marry any shorts yet!
I married a short, but at least I have somewhere to rest my beer glass
  • #138,208
  • Jun 18, 2009 12:48pm Jun 18, 2009 12:48pm
bahahaha

heres some bloomberg business .. they are calling 6100 by year end? ya right... 5300 pleaseee

80% of the stuff i read in the currency section of b-berg is never correct anyway lol

http://www.bloomberg.com/apps/news?p...d=aAPeT6IOH_qo
  • #138,209
  • Jun 18, 2009 12:49pm Jun 18, 2009 12:49pm
Quoting jack.canadia
bahahaha

heres some bloomberg business .. they are calling 6100 by year end? ya right... 5300 pleaseee

80% of the stuff i read in the currency section of b-berg is never correct anyway lol

http://www.bloomberg.com/apps/news?p...d=aAPeT6IOH_qo
Hey Jack! I can see 6100 tomorrow.
Just digging in the trenches like everyone else!
  • #138,210
  • Jun 18, 2009 12:50pm Jun 18, 2009 12:50pm
Quoting allserene
I married a short, but at least I have somewhere to rest my beer glass
Al, I've missed your puns! Nice to see you back..
Just digging in the trenches like everyone else!
  • #138,211
  • Jun 18, 2009 12:51pm Jun 18, 2009 12:51pm
Quoting jack.canadia
Yeah we saw what happened last night lol .. false break of the trendline

This time above 6400 will be another break of the TL and if it closes and surges from there (which i dont think it will) then we can be bullish.

Dont marry any shorts yet!

Just playing around in this tight range. Things are slowing down for the rest of the day anyway.
Avoiding poverty, one pip at a time.
  • #138,212
  • Jun 18, 2009 12:53pm Jun 18, 2009 12:53pm
Quoting jack.canadia
bahahaha

heres some bloomberg business .. they are calling 6100 by year end? ya right... 5300 pleaseee

80% of the stuff i read in the currency section of b-berg is never correct anyway lol

http://www.bloomberg.com/apps/news?p...d=aAPeT6IOH_qo

yeah UK is running a negative growth of what 4.5% and they are going to raise interest rates ? pull the other one its got bells on

The western leaders are whistling in the dark - the only people with money are those who dont believe them
  • #138,213
  • Jun 18, 2009 12:54pm Jun 18, 2009 12:54pm
Quoting eohater
Hey Jack! I can see 6100 tomorrow.
It's getting there.

In all honesty, I really favor a re-test of the daily 200 SMA .. currently at 1.5000

In time it will rise up and be between 5000 and 5300, an amazing target area and longer-term long area!
  • #138,214
  • Jun 18, 2009 12:55pm Jun 18, 2009 12:55pm
Quoting jack.canadia
It's getting there.

In all honesty, I really favor a re-test of the daily 200 SMA .. currently at 1.5000

In time it will rise up and be between 5000 and 5300, an amazing target area and longer-term long area!
Our monthly close will be key for this to develop!
Just digging in the trenches like everyone else!
  • #138,215
  • Jun 18, 2009 12:59pm Jun 18, 2009 12:59pm
my idea is that for a bigger fall we need to wait for brake of eur/usd line, which could take us lower. First time to upload graph, would appreciate comments
Attached Image (click to enlarge)
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  • #138,216
  • Jun 18, 2009 1:00pm Jun 18, 2009 1:00pm
Quoting eohater
Our monthly close will be key for this to develop!
A monthly close below 6200 will be the most beautiful candle I have ever seen haha

I have never traded on a friday like the one tomorrow .. quad witching .. gonna look pretty .


Is there a usual time at which options.futures and whatever expire? Or is it random?
  • #138,217
  • Jun 18, 2009 1:02pm Jun 18, 2009 1:02pm
Quoting jack.canadia
A monthly close below 6200 will be the most beautiful candle I have ever seen haha

I have never traded on a friday like the one tomorrow .. quad witching .. gonna look pretty .


Is there a usual time at which options.futures and whatever expire? Or is it random?
I'm not sure Jack what time it goes down. In the past though, most major moves happened the day before.
Just digging in the trenches like everyone else!
  • #138,218
  • Jun 18, 2009 1:03pm Jun 18, 2009 1:03pm
Closed the long i had for -12 pips(arround +170 for the day anyway)... i`m shorting now... the rezistance is too strong for the asian session to beat it....

Green pips.

EDIT: Also S&P dropped below R1.
  • #138,219
  • Jun 18, 2009 1:13pm Jun 18, 2009 1:13pm
Although.. i'm definitely not taking any positions until monday. Capital preservation should be on top of your rules! It is on mine.

Quoting alexandru987
I am in a long... @6355 (i was long before it fell)

Now i just took 6 scalps between 4 and 11 pips profit... all long.

If i weren`t in a long position now, i wouldn`t trade... as i have no clue what`s this thing doing....

Stocks are at the highs of the day tho...

That`s all i know.

EDIT: The candle is good for a bullish setup.... but we are late in the day, US will close in 45 minutes.... And i`m not sure Asia is that optimist about the pound.

SECOND EDIT: I won`t thell you what to do since i`m pretty new, and i don`t want people to lose...
if i see a fib off the 6325... then I'm definitely thinking long into the London Session.. from there.. its witching time.
  • #138,220
  • Jun 18, 2009 1:16pm Jun 18, 2009 1:16pm
by the way, is anyone on skype? if so, my user id is spoteuro
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