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Cable Update (GBPUSD)

  • #138,701
  • Jun 21, 2009 6:54pm Jun 21, 2009 6:54pm
frodays value area
upper value area 1.6508 , lower value area 1.6391

price is in value are currently , above 1.6508 is bullish , with in vluae area it can range , lower than 1.6391 bearish
Blogging daily now at www.volume.zone
  • #138,702
  • Jun 21, 2009 7:12pm Jun 21, 2009 7:12pm
Quoting Ferick
No Sir. They have a direct correlation for the most part. So if you think oil will go up, same think will happen with the dollar.
ok...wont argue with you
check ur economics 101
I sincerely hope you are still on demo.
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #138,703
  • Jun 21, 2009 7:15pm Jun 21, 2009 7:15pm
Quoting malcolmb14
frodays value area
upper value area 1.6508 , lower value area 1.6391

price is in value are currently , above 1.6508 is bullish , with in vluae area it can range , lower than 1.6391 bearish
Valuable insight
Great Bodies are Engineered not Born
  • #138,704
  • Jun 21, 2009 7:17pm Jun 21, 2009 7:17pm
Quote:
Originally Posted by malcolmb14 http://www.forexfactory.com/images/buttons/viewpost.gif
frodays value area
upper value area 1.6508 , lower value area 1.6391

price is in value are currently , above 1.6508 is bullish , with in vluae area it can range , lower than 1.6391 bearish


Quoting RichLadyFX
Valuable insight

LOL
  • #138,705
  • Jun 21, 2009 7:35pm Jun 21, 2009 7:35pm
Quoting malcolmb14
frodays value area
upper value area 1.6508 , lower value area 1.6391

price is in value are currently , above 1.6508 is bullshit , with in vluae area it can range , lower than 1.6391 bearshit
for me above 6478 i will go long, below that i will consider shorting

but i am more on the buying side, provided i get a proper entry

6618 is the cutoff for me, here i expect a hard bounce down

but if this breaks then .......... the game board changes drastically
  • #138,706
  • Jun 21, 2009 7:43pm Jun 21, 2009 7:43pm
Quoting forexlion
for me above 6478 i will go long, below that i will consider shorting

but i am more on the buying side, provided i get a proper entry

6618 is the cutoff for me, here i expect a hard bounce down

but if this breaks then .......... the game board changes drastically
overall i am divided between 15 min and 1 hour MACD
  • #138,707
  • Jun 21, 2009 7:46pm Jun 21, 2009 7:46pm
Quoting djambazov84
ok...wont argue with you
check ur economics 101
I sincerely hope you are still on demo.
Correction: I lost tract of what I was talking about. There is correlation with the GBP not USD. Last time I did demo was 6 years ago, but I leave it there
  • #138,708
  • Jun 21, 2009 8:00pm Jun 21, 2009 8:00pm
Quoting forexlion
overall i am divided between 15 min and 1 hour MACD
Okay here goes

below 6463 or pivot i will consider shorting

above 6478 i will consider buying

i need GU to break this range first, before getting a clear cut direction
  • #138,709
  • Jun 21, 2009 8:06pm Jun 21, 2009 8:06pm
how about another leg down on the 15m?
  • #138,710
  • Jun 21, 2009 8:07pm Jun 21, 2009 8:07pm
i still think were still looking for a long soon!
  • #138,711
  • Jun 21, 2009 8:12pm Jun 21, 2009 8:12pm
GBP/USD open at 1.6505 . Seeing this open for today probably price will test around 1.6350 Lower and today Upper around 1.6630. for midterm view we look for weekly trigger still offer 1.6814
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  • #138,712
  • Jun 21, 2009 8:15pm Jun 21, 2009 8:15pm
with a Sl at BE. Profit point to be determined later.
  • #138,713
  • Jun 21, 2009 8:15pm Jun 21, 2009 8:15pm
Quoting alex1976
i still think were still looking for a long soon!

me too.. i reversed my shorts into longs... i think we're looking at a 50% retracement right now. hopefully it won't go lower than 1.6450. weekly chart shows that we should end on a new high this week.
  • #138,714
  • Jun 21, 2009 8:23pm Jun 21, 2009 8:23pm
Quoting invicta79
me too.. i reversed my shorts into longs... i think we're looking at a 50% retracement right now. hopefully it won't go lower than 1.6450. weekly chart shows that we should end on a new high this week.

Buy close to 6450? .. daily pivot
  • #138,715
  • Jun 21, 2009 8:29pm Jun 21, 2009 8:29pm
Quoting jack.canadia
Buy close to 6450? .. daily pivot
Hi Jack...
hw Bout Ur view For Thz Week a Head
Thx Mate
  • #138,716
  • Jun 21, 2009 8:30pm Jun 21, 2009 8:30pm
Quoting jack.canadia
Buy close to 6450? .. daily pivot
Hello jack, yeah.. that was a possible buying opportunity. I entered long around there..not the best price though..
  • #138,717
  • Jun 21, 2009 8:32pm Jun 21, 2009 8:32pm
Quoting jack.canadia
Buy close to 6450? .. daily pivot

i would but that's because i want a good entry and as much pips as possible.. but it's a greater risk. It's up to you... if you are in it for the long run.. LONG is the way to go.. I bought @ 1.6460.. don't have a S/L yet..
  • #138,718
  • Jun 21, 2009 8:36pm Jun 21, 2009 8:36pm
Quoting invicta79
i would but that's because i want a good entry and as much pips as possible.. but it's a greater risk. It's up to you... if you are in it for the long run.. LONG is the way to go.. I bought @ 1.6460.. don't have a S/L yet..
i had a 38.2 and daily pivot there .. so i put the order for 6450

might be a scalp .. maybe carry it longer who knows.. i just closed a short i held over the weekend from 6505 for about 40 pips
  • #138,719
  • Jun 21, 2009 8:37pm Jun 21, 2009 8:37pm
Am I the only one short here?
  • #138,720
  • Jun 21, 2009 8:38pm Jun 21, 2009 8:38pm
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