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Cable Update (GBPUSD)

  • #139,401
  • Jun 23, 2009 10:57am Jun 23, 2009 10:57am
Quoting allserene
yes - what worries me is that the euro/gbp is so perpendicular

If euro and gbp had risen together against USD I would be more confident

I have shorted Euro/gbp and doing a bit against USD

yes I have that uncertainty at the moment...may have to let it decide and then follow. Thanks Allserene!
Hero Traders Live to see their Accounts Die!
  • #139,402
  • Jun 23, 2009 10:58am Jun 23, 2009 10:58am
Quoting allserene

I have shorted Euro/gbp and doing a bit against USD
Took the EG trade as well alserene. 8600 is a good s/r level. Should be good methinks
Thank You
  • #139,403
  • Jun 23, 2009 11:05am Jun 23, 2009 11:05am
5mins give clear up trend.
  • #139,404
  • Jun 23, 2009 11:08am Jun 23, 2009 11:08am
Ups on the effort breaks 1.6377 ( DP Today) !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #139,405
  • Jun 23, 2009 11:12am Jun 23, 2009 11:12am
hit resistance here 6390-6400. Lets see if it hold, if not today is long for me .
  • #139,406
  • Jun 23, 2009 11:14am Jun 23, 2009 11:14am
JEEZ !!!!!!!!!!!!!
  • #139,407
  • Jun 23, 2009 11:21am Jun 23, 2009 11:21am
Hi Angelina, where is this steam train headed?

460? first stop
  • #139,408
  • Jun 23, 2009 11:28am Jun 23, 2009 11:28am
look at the euro ! Holy gusher ! its a stairway to heaven !

my commodities shares are starting to react - I am buying TOTAL oil (France) and Boeing(down 8.53% today alone)

What fun - just as everyone said it would be a boring summer
  • #139,409
  • Jun 23, 2009 11:28am Jun 23, 2009 11:28am
Is anyone here familiar with protrading UK?
Hero Traders Live to see their Accounts Die!
  • #139,410
  • Jun 23, 2009 11:31am Jun 23, 2009 11:31am
Quoting allserene
look at the euro ! Holy gusher ! its a stairway to heaven !

my commodities shares are starting to react - I am buying TOTAL oil (France) and Boeing(down 8.53% today alone)

What fun - just as everyone said it would be a boring summer

Allserene, why do they say it will boring summer?
  • #139,411
  • Jun 23, 2009 11:35am Jun 23, 2009 11:35am
Ups on the effort breaks 1.6417 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #139,412
  • Jun 23, 2009 11:39am Jun 23, 2009 11:39am
Quoting alex1976
Allserene, why do they say it will boring summer?
A lot of comment said shares would stand still until Q4 and then move ahead towards xmas

With wild swings in forex, shares have to react
  • #139,413
  • Jun 23, 2009 11:39am Jun 23, 2009 11:39am
Quoting alex1976
Hi Angelina, where is this steam train headed?

460? first stop

I think it will come back the testing level 6400 again be4 go up , but not clear to find the first top wave but I wait for pull back and decide go long.
my long on E/J give me 135 pip now i moved my my sl 3300.

if I short for small pips, I will go with E/U better than G/U.
  • #139,414
  • Jun 23, 2009 11:45am Jun 23, 2009 11:45am
Quoting allserene
A lot of comment said shares would stand still until Q4 and then move ahead towards xmas

With wild swings in forex, shares have to react

okay, I see what your saying!
  • #139,415
  • Jun 23, 2009 12:09pm Jun 23, 2009 12:09pm
I honsetly thought GU might break down last night , however we found those buyers again at 1.6250 ... I have mentioned accumulation of this level in previous posts. Again we see pros willing to buy heavy at this price level .

This only means one thing until we now see distribution of GU ....higher prices in the long run

Today i have been buying dips , and got one short trade. Price moved thru the value area of yesterday , very bullish for today .

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  • #139,416
  • Jun 23, 2009 12:10pm Jun 23, 2009 12:10pm
Quoting malcolmb14
I honsetly thought GU might break down last night , however we found those buyers again at 1.6250 ... I have mentioned accumulation of this level in previous posts. Again we see pros willing to buy heavy at this price level .

This only means one thing until we now see distribution of GU ....higher prices in the long run

Today i have been buying dips , and got one short trade. Price moved thru the value area of yesterday , very bullish for today .

Attachment
Attached Image (click to enlarge)
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  • #139,417
  • Jun 23, 2009 12:15pm Jun 23, 2009 12:15pm
Quoting Angelina
I think it will come back the testing level 6400 again be4 go up , but not clear to find the first top wave but I wait for pull back and decide go long.
my long on E/J give me 135 pip now i moved my my sl 3300.

if I short for small pips, I will go with E/U better than G/U.
The hourly chart on EU/USD looks - well, silly !

So we have the usual dilemma- do we say this is unsustainable and must fall back - or do we say lets not get in front of this train

I am short too on that pair but taking extreme care
  • #139,418
  • Jun 23, 2009 12:16pm Jun 23, 2009 12:16pm
Quoting malcolmb14
I honsetly thought GU might break down last night , however we found those buyers again at 1.6250 ... I have mentioned accumulation of this level in previous posts. Again we see pros willing to buy heavy at this price level .

This only means one thing until we now see distribution of GU ....higher prices in the long run

Today i have been buying dips , and got one short trade. Price moved thru the value area of yesterday , very bullish for today .

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hey malcolmb is it a time to go short or long??i am looking for short it will ok at this level ???what do you suggest

Ub
  • #139,419
  • Jun 23, 2009 12:18pm Jun 23, 2009 12:18pm
Quoting ubaidahsan
hey malcolmb is it a time to go short or long??i am looking for short it will ok at this level ???what do you suggest

Ub

for now BUY dips . The gu passed right thru the vlaue area of yesterday. This is VERY bullish . Today selling is liek swimming up river. Why sell when the pros are buying . There may be dips on the 5 min charts , but that is just another excuse to buy more
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  • #139,420
  • Jun 23, 2009 12:22pm Jun 23, 2009 12:22pm
Quoting malcolmb14
for now BUY dips . The gu passed right thru the vlaue area of yesterday. This is VERY bullish . Today selling is liek swimming up river. Why sell when the pros are buying . There may be dips on the 5 min charts , but that is just another excuse to buy more

Malcomb, wheres your first dip to look for long?
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