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Cable Update (GBPUSD)

  • #138,461
  • Jun 19, 2009 8:30am Jun 19, 2009 8:30am
It seems like the 1.6450 is holding...as support guys....
If it breaks this we have 1.6417 and then 1.6390....

on the other hand we break 1.6480 we are going to 1.6504

I am going to wait for a dip...to buy...

Geppyg
Let Price determine your future!
  • #138,462
  • Jun 19, 2009 8:30am Jun 19, 2009 8:30am
I'm on bearish side too but I'm looking for a good entry .Somewhere at .6480-.6510 with SL @ .6530 with first target .6090 .I expect that next week to reach at least .5750
  • #138,463
  • Jun 19, 2009 8:32am Jun 19, 2009 8:32am
Quoting MoeFx
i don't understand, the speed it came down, today high 1.6479 the current price is at 1.6448 where is this big drop? it only drop abot 30 pips in a few seconds did that scare you
No Brov not that much about scared..but in the last few weeks.GU has been known to tank over a 100 pips in 5-10 mins...so ..it make you think

One more entry again at 1.6450...SL @ 1.6390....

Lets see what happens
Let Price determine your future!
  • #138,464
  • Jun 19, 2009 8:35am Jun 19, 2009 8:35am
Quoting Geppyg
No Brov not that much about scared..but in the last few weeks.GU has been known to tank over a 100 pips in 5-10 mins...so ..it make you think

One more entry again at 1.6450...SL @ 1.6390....

Lets see what happens
if you have a good system you wond't worry about what happens in 5-10 min, that what this pair does.
  • #138,465
  • Jun 19, 2009 8:35am Jun 19, 2009 8:35am
Quoting Fibonatzi
I'm on bearish side too but I'm looking for a good entry .Somewhere at .6480-.6510 with SL @ .6530 with first target .6090 .I expect that next week to reach at least .5750

Are you a member of the AUS group ?
Let Price determine your future!
  • #138,466
  • Jun 19, 2009 8:37am Jun 19, 2009 8:37am
Quoting MoeFx
if you have a good system you wond't worry about what happens in 5-10 min, that what this pair does.
I have done a forex lion ...

Am already +13....pips...

I know what you mean mate

Thanks
Let Price determine your future!
  • #138,467
  • Jun 19, 2009 8:38am Jun 19, 2009 8:38am
I`m long too @6451... but with failsafe plan in case it decides to drop - i`ll hedge it... it has to go higher at some point...

S&P is trying to push through some rezistance too... if it manages to push through i think we will have a good and fast move higher....
If it fails... it will go down, gather strenght(not sure how much of a drop, but i sugest you either hedge or get out of long position if it starts to drop) and go at it again... that`s what i think anyway... In the end it will go higher...

EDIT: While i was writing the post S&P made a higher high and got rejected... but for now it seems it`s trying to push through...
  • #138,468
  • Jun 19, 2009 8:39am Jun 19, 2009 8:39am
Quoting Geppyg
Are you a member of the AUS group ?
Negative .
  • #138,469
  • Jun 19, 2009 8:40am Jun 19, 2009 8:40am
Quoting Geppyg
I have done a forex lion ...

Am already +13....pips...

I know what you mean mate

Thanks
  • #138,470
  • Jun 19, 2009 8:42am Jun 19, 2009 8:42am
Nice little break out I see!

Let's see if she can hold ..

The best long now imo is a dip to 6400 .. Daily m3, a 50% and the upp trendline.
  • #138,471
  • Jun 19, 2009 8:45am Jun 19, 2009 8:45am
Quoting alexandru987
I`m long too @6451... but with failsafe plan in case it decides to drop - i`ll hedge it... it has to go higher at some point...

S&P is trying to push through some rezistance too... if it manages to push through i think we will have a good and fast move higher....
If it fails... it will go down, gather strenght(not sure how much of a drop, but i sugest you either hedge or get out of long position if it starts to drop) and go at it again... that`s what i think anyway... In the end it will go higher...
Watcht the euro too .. its cant beat 1.4000 again.
  • #138,472
  • Jun 19, 2009 8:46am Jun 19, 2009 8:46am
If the daily, and thus weekly, closes below 6430 .... I see this as very bearish.
  • #138,473
  • Jun 19, 2009 8:48am Jun 19, 2009 8:48am
that bear is strong, he's clawing his way back
  • #138,474
  • Jun 19, 2009 8:48am Jun 19, 2009 8:48am
Quoting MoeFx
that bear is strong, he's clawing his way back
And im short
  • #138,475
  • Jun 19, 2009 8:49am Jun 19, 2009 8:49am
Quoting jack.canadia
And im short
hi jack, where is your T/P?
  • #138,476
  • Jun 19, 2009 8:50am Jun 19, 2009 8:50am
Quoting jack.canadia
And im short
  • #138,477
  • Jun 19, 2009 8:52am Jun 19, 2009 8:52am
Will Take it out at break even...and reverse...
We need to break 17-25 to go down..first.....
Let Price determine your future!
  • #138,478
  • Jun 19, 2009 8:53am Jun 19, 2009 8:53am
Quoting Ipips
hi jack, where is your T/P?
I might close is soon. But, My TP would likely be 6200.

I wont let this go against me, not at these levels .. it may just turn into a scalp, at least that was my intention
  • #138,479
  • Jun 19, 2009 8:55am Jun 19, 2009 8:55am
my idea is if, this hour candle closes below 6340/30, we should have a nice fall to 6300. short 6468, sl 6485,
i'm worrying about eur/usd it's just not willing to break out the triangle, if it bounces off again then we can have reverse again
  • #138,480
  • Jun 19, 2009 8:55am Jun 19, 2009 8:55am
Quoting Ipips
hi jack, where is your T/P?
1.6188
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