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Cable Update (GBPUSD)

  • #139,321
  • Jun 23, 2009 7:21am Jun 23, 2009 7:21am
Quoting MoeFx
long at 1.6273, s/l 1.6200, t/p 1.6468
  • #139,322
  • Jun 23, 2009 7:24am Jun 23, 2009 7:24am
Quoting manize
M30 bear, H4 bull Hmm ... imho says bull ... Long 1.6280, Sl + 8 pips, TP 1.6377 !
I'm with you @ 1.6279 SL+1. Tp 6350

hm... 6335 still strong resistance...
  • #139,323
  • Jun 23, 2009 7:24am Jun 23, 2009 7:24am
closed for small profit
  • #139,324
  • Jun 23, 2009 7:27am Jun 23, 2009 7:27am
1H & 4H looks very bullish, and it looks like it is going to turn positive for the day. If this closes positive for the day, we'll have a nice pin/hammer on the 20 day MA. Then we can continue the upmove to 1.6500...6600
  • #139,325
  • Jun 23, 2009 7:28am Jun 23, 2009 7:28am
dangerous situation don't trust the fast movment and directions
no decision or fast scalpping
  • #139,326
  • Jun 23, 2009 7:32am Jun 23, 2009 7:32am
Everybody is long.....Means....
Geppy on the wrong boat today..

Closed my long for +30
And rerversed at 1.6320 SL @1.6518

Guess....will wait for the dow to open.....

GeepyG is on the wrong side as usual lol.........when is this going to break

Frustration Frustratinon never till......hahah

Good Luck all
Let Price determine your future!
  • #139,327
  • Jun 23, 2009 7:41am Jun 23, 2009 7:41am
Quoting geppyg
everybody is long.....means....
Geppy on the wrong boat today..

Closed my long for +30
and rerversed at 1.6320 sl @1.6518

guess....will wait for the dow to open.....

Geepyg is on the wrong side as usual lol.........when is this going to break

frustration frustratinon never till......hahah

good luck all
dont worry geppy i am with u in shorts let cable hurt us
  • #139,328
  • Jun 23, 2009 7:48am Jun 23, 2009 7:48am
Quoting Geppyg
Everybody is long.....Means....
Geppy on the wrong boat today..

Closed my long for +30
And rerversed at 1.6320 SL @1.6518

Guess....will wait for the dow to open.....

GeepyG is on the wrong side as usual lol.........when is this going to break

Frustration Frustratinon never till......hahah

Good Luck all
All Going Wrong today out at -40 pips..I am not trading any more today..
Dont have a clue..on how to trade this pari..am being honest

good Luck all
Let Price determine your future!
  • #139,329
  • Jun 23, 2009 7:52am Jun 23, 2009 7:52am
Quoting Geppyg
All Going Wrong today out at -40 pips..I am not trading any more today..
Dont have a clue..on how to trade this pari..am being honest

good Luck all
I'm out of all shorts too. Reverting to long mate @ 1.6350 - 80pips. Same with EUR long too
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,330
  • Jun 23, 2009 7:53am Jun 23, 2009 7:53am
Geppy u give up so early
  • #139,331
  • Jun 23, 2009 7:54am Jun 23, 2009 7:54am
I have gone in really heavy........on a long now....64 P.p at 1.6353....Lets see this b******D PLAY ME NOW....
Let Price determine your future!
  • #139,332
  • Jun 23, 2009 7:56am Jun 23, 2009 7:56am
Short again from 1.6365
  • #139,333
  • Jun 23, 2009 7:57am Jun 23, 2009 7:57am
Quoting Geppyg
I have gone in really heavy........on a long now....64 P.p at 1.6353....Lets see this b******D PLAY ME NOW....
This is not right.. It seems like you're getting emotional and trying to take revenge by recouping your losses.
  • #139,334
  • Jun 23, 2009 7:57am Jun 23, 2009 7:57am
Yearly (261) SMA on daily chart providing support at 1.62442. Monthly (21) SMA on daily chart providing support at 1.62709.

Previous tests of these support MA's over the past 10 trading days were rejected. Looking for daily close under the yearly SMA before considering long term shorts. If daily bar closes beneath yearly SMA could see major trend reversal going short to quarterly (65) SMA at 1.53546. However, sentiment would need to be very pessimistic, and I don't sense that from the UK media just yet.

Opened a long at 1.62442 and closed at resistance 1.63360 as daily profit target reached.

Consider going long if H1 closes above 1.63360 and further price action on lower TF's support this idea.
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  • #139,335
  • Jun 23, 2009 8:00am Jun 23, 2009 8:00am
Quoting Faryad
Geppy u give up so early
Theres a reason, false break of rising trend.....EUR consistent too
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,336
  • Jun 23, 2009 8:02am Jun 23, 2009 8:02am
Quoting Geppyg
I have gone in really heavy........on a long now....64 P.p at 1.6353....Lets see this b******D PLAY ME NOW....
Geppy take it easy buddy. Trading these ranges could whipsaw you to death if you're not careful.
6400 level is key. I've mentioned this earlier & I don't mean this as rubbing it in but have that level drawn out on your hourly my friend. Usd also seems to gain a bit of strength atm, so anything can happen here.
Do trade carefully & I hope this trade comes off good for you. Good luck
Thank You
  • #139,337
  • Jun 23, 2009 8:06am Jun 23, 2009 8:06am
Bb lots of buyer there lets hope for down
  • #139,338
  • Jun 23, 2009 8:08am Jun 23, 2009 8:08am
Quoting Faryad
Bb lots of buyer there lets hope for down
This area is key. It is the 50% retracement level from the whole move from yesterday's high to today's low..

Let's see what happens..
  • #139,339
  • Jun 23, 2009 8:12am Jun 23, 2009 8:12am
Quoting Faryad
Bb lots of buyer there lets hope for down
No my friend, buying is the right course of action.....

I was referring to false break of rising trend, cable will rise and consistent with Eur breaking the top triangle, eur will rise.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,340
  • Jun 23, 2009 8:12am Jun 23, 2009 8:12am
Long GBP position in danger this morning. Holding onto it for the past two days.
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