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Cable Update (GBPUSD)

  • #139,101
  • Jun 22, 2009 12:33pm Jun 22, 2009 12:33pm
When looking at the stock market or oil market correlation against the dollar, I like this quote

“There’s a very strong correlation between the number of churches in a city and the number of cemeteries, but it doesn’t mean there’s a causal relationship.”
  • #139,102
  • Jun 22, 2009 12:38pm Jun 22, 2009 12:38pm
long 6321 again I think this time good pips.Target 6385.
just hit 100 MA on my 4h.
  • #139,103
  • Jun 22, 2009 12:57pm Jun 22, 2009 12:57pm
Quoting Angelina
long 6321 again I think this time good pips.Target 6385.
just hit 100 MA on my 4h.
H1 closes above 1.6358, your Target will be hit !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #139,104
  • Jun 22, 2009 1:11pm Jun 22, 2009 1:11pm
im short from 16 473 looking for 16 200. anyone lookin short
  • #139,105
  • Jun 22, 2009 1:14pm Jun 22, 2009 1:14pm
yes i am long too - doing it with EU though as the spread is 0.9 on oanda -- (cable is 2.4) - and they will march together I reckon

When I may need to get out quickly if I have read it wrongly - I used EU for the low spread
  • #139,106
  • Jun 22, 2009 1:20pm Jun 22, 2009 1:20pm
usd/cad is still over R3 RSX 4hr over bought
- not sure how much downside is left in GU-- S&P and Dow still down- but levels haven't changed in 2 hours- if it were going to continue down I would expect a stop hunt upward soon (similar to the one early today at 1.6370)...
I'm on the sidelines for now...
  • #139,107
  • Jun 22, 2009 1:30pm Jun 22, 2009 1:30pm
Quoting Angelina
dayly chart i see support around 6300.
I just wait deep and buys, and keep doing that and wait for break this level if it not the pairs still up.
  • #139,108
  • Jun 22, 2009 1:51pm Jun 22, 2009 1:51pm
Angelina, don't you think in tonight's UK session (3am) it will go and test the low at 6200 ish?
  • #139,109
  • Jun 22, 2009 2:11pm Jun 22, 2009 2:11pm
Quoting alex1976
Angelina, don't you think in tonight's UK session (3am) it will go and test the low at 6200 ish?
4h support @ 6325
day support @ 6250(pivot key for me) I watch u/j and eur/gbp to trade g/u.
also watch u/j and e/g trade on e/j <- this is my best result.
break 6250 would see 60 and 5800.
my strategy now watch 4h/day chart target use 15mins enter and watch 15mins use 5mins trade for scalp.
My plan 20-50 pips/day (standard lot).

But when US bank rate hold would see little strong dollar like last cut rate.

GoodLuck
  • #139,110
  • Jun 22, 2009 2:27pm Jun 22, 2009 2:27pm
oops gbp didnot break to the down side moving to the up side???
or it is going to trying again for breaing LTD?
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  • #139,111
  • Jun 22, 2009 2:30pm Jun 22, 2009 2:30pm
down trend still just out 6360 from 6321.

break now good luck all.
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  • #139,112
  • Jun 22, 2009 2:59pm Jun 22, 2009 2:59pm
H4 Ema50 act as a hard resistance on 1.6362
  • #139,113
  • Jun 22, 2009 3:17pm Jun 22, 2009 3:17pm
OMG Its like sleeping with my eyes open ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ. Oh come on move it you silly old bag.

PS. I am not talking to you Angelina, i promise.
You've got to be IN IT to WIN IT!
  • #139,114
  • Jun 22, 2009 5:07pm Jun 22, 2009 5:07pm
A lot of people are speculating whether price will go up or down, but maybe haven't considered a prolonged time of ranging. It's not uncommon for currency pairs to range for 6 months or more in a relatively tight trading range.

It's also interesting to consider the thoughts of the 41 bloomberg analysts who believed that the GBP/USD would finish around 1.61 by years end.
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Probability Professor
  • #139,115
  • Jun 22, 2009 5:10pm Jun 22, 2009 5:10pm
Morning guys,

Hang'n long cable with now @ 1.6320.... friday long got stopped out (-70pips). Will load another long @ 1.6280...... SL 1.6250 for both positions ..... TP 1.6600.

EUR hang'n long 1x positions @ 1.3850, SL.... 1.3780....TP..... 1.4000 (expect resistence @ 1.3950)

Gotta run see you guys in the US session
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,116
  • Jun 22, 2009 5:10pm Jun 22, 2009 5:10pm
Quoting Ifty
OMG Its like sleeping with my eyes open ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ. Oh come on move it you silly old bag.

PS. I am not talking to you Angelina, i promise.
What's the point in watching it at this point at night anyway? This is the dead time, when you should be resting or having fun! Set your limit order, your TTO's, your stops and take profit levels and go relax: simple as.
Probability Professor
  • #139,117
  • Jun 22, 2009 5:21pm Jun 22, 2009 5:21pm
I hope everyone had a good day today
Its all in the mind.
  • #139,118
  • Jun 22, 2009 5:30pm Jun 22, 2009 5:30pm
Quoting Bull_Bear
Morning guys,

Hang'n long cable with now @ 1.6320.... friday long got stopped out (-70pips). Will load another long @ 1.6280...... SL 1.6250 for both positions ..... TP 1.6600.

EUR hang'n long 1x positions @ 1.3850, SL.... 1.3780....TP..... 1.4000 (expect resistence @ 1.3950)

Gotta run see you guys in the US session
Your brave mate.........
Let Price determine your future!
  • #139,119
  • Jun 22, 2009 5:32pm Jun 22, 2009 5:32pm
a only long recommended here could be AUD-USD. Other than that I just see gloom and doom tonight. It will sell.

Quoting Geppyg
Your brave mate.........
Its all in the mind.
  • #139,120
  • Jun 22, 2009 5:35pm Jun 22, 2009 5:35pm
Quoting Bull_Bear
Morning guys,

Hang'n long cable with now @ 1.6320.... friday long got stopped out (-70pips). Will load another long @ 1.6280...... SL 1.6250 for both positions ..... TP 1.6600.

EUR hang'n long 1x positions @ 1.3850, SL.... 1.3780....TP..... 1.4000 (expect resistence @ 1.3950)

Gotta run see you guys in the US session

gu is coming down to 6250 next London session.,

Did you check what happened on all spiked 15 min today ??/ thery got sold . We should see test 6250

here is what I got now... all day GU and gj been selling as both under the lower value areas of Friday

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