Cable Update (GBPUSD) | Page 6998 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #139,941
  • Jun 24, 2009 4:26pm Jun 24, 2009 4:26pm
Quoting MoeFx
look like people who was long took a beaten, thread got realy quiet after news come out

yeah cause I was busy scalping market once it settled 2x longs off 1.6375 for 40 and 50 pip .. that is my style. I will hit her again in Asia for another 100 or so.

Overall I think if 6350 holds bears are going to get their rear ends handed to them in London
Blogging daily now at www.volume.zone
  • #139,942
  • Jun 24, 2009 4:39pm Jun 24, 2009 4:39pm
I'm long at 1.6370
  • #139,943
  • Jun 24, 2009 4:40pm Jun 24, 2009 4:40pm
Malcolmb, what are your thoughts for GU and GJ in the asian session
  • #139,944
  • Jun 24, 2009 5:03pm Jun 24, 2009 5:03pm
Quoting pino2
Malcolmb, what are your thoughts for GU and GJ in the asian session

gj if that 156,5 to 157 level holds we may see 158.5 to 159 in coming session.

I canot get a good read on volume .... but am watching that trend line

Attached Image (click to enlarge)
Click to Enlarge Name: ym467.png Size: 133 KB
Blogging daily now at www.volume.zone
  • #139,945
  • Jun 24, 2009 5:14pm Jun 24, 2009 5:14pm
gu we got this triangle with the apex forming .

lets see what London gives us , but if 1.6400 to 1.6350 zone holds we may see 1.66 or higher , next London session will show us the way

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #139,946
  • Jun 24, 2009 5:28pm Jun 24, 2009 5:28pm
Higher lows seem to tell the tale that people are satisfied at higher prices... Most probably an upside breakout... let`s see london...
Attached Image (click to enlarge)
Click to Enlarge Name: H4GUBreakout.JPG Size: 82 KB
  • #139,947
  • Jun 24, 2009 5:46pm Jun 24, 2009 5:46pm
Morning guys,

Looks like 1.6600 is proven to be a real pain the arse for me. Took hit on my profits, looking for the big break but i guess it was not to be..... ended up taking small profits +24pips, at the same time took EUR off the table too for -20pips..... USD looks strong after FOMC....

holding short @ 1.6474.... SL 1.6520.... open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,948
  • Jun 24, 2009 6:01pm Jun 24, 2009 6:01pm
Hey guys .. i think i made a comment about a short earlier which I am still holding

This is clearly range trading .. buy near 6200 and sell near to 6600 .. until is breaks down
  • #139,949
  • Jun 24, 2009 6:24pm Jun 24, 2009 6:24pm
Quoting fvckFF
I'm long at 1.6370
still hold till japan open!
  • #139,950
  • Jun 24, 2009 6:26pm Jun 24, 2009 6:26pm
a bit offtrack- I was away at work anyone know why CHF sank like it did today?
Its all in the mind.
  • #139,951
  • Jun 24, 2009 6:33pm Jun 24, 2009 6:33pm
Support Resistance Levels 25 June 2009

1,6419 - 1,646 - 1,6504 - 1,6535 - 1,6607

1,6402

1,6348 - 1,6249 - 1,6205 - 1,6178 - 1,6148

------------

S + R = $$$

.
  • #139,952
  • Jun 24, 2009 6:34pm Jun 24, 2009 6:34pm
Quoting simoneg
Long at 1.6400 anyone?

looks good for long ^^.


Angelina.
  • #139,953
  • Jun 24, 2009 6:42pm Jun 24, 2009 6:42pm
I am out today for the GBP USD trade. There is no clear direction currently.

However if I had to have some bucks for a latte, I would possibly short this pair now. 6360 possible. with a equal S/L.
Its all in the mind.
  • #139,954
  • Jun 24, 2009 6:43pm Jun 24, 2009 6:43pm
so after all the market action today I managed to take a breather ... kick back and have a beer and look at longer term charts

GU has seen major distribution on the 4 hour at 1.6600. I would now suggest weakness in the GU now. I have now had a chance to look at this and digest the 4 hour.

I think we should be looking for another bearish day tomorrow by looking at the value area.

I am going to play this one trade by trade for now. I am not a swqing trader but that 4 hour volume is telling me there is weakness appreaing on the 4 hour charts

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 23 KB
Blogging daily now at www.volume.zone
  • #139,955
  • Jun 24, 2009 6:44pm Jun 24, 2009 6:44pm
Quoting jack.canadia
Hey guys .. i think i made a comment about a short earlier which I am still holding

This is clearly range trading .. buy near 6200 and sell near to 6600 .. until is breaks down
Good morning jack.
I think buying anywhere near 6200 from now on is probably not a good thing to do anymore since it's too close to breaking down.
With the narrowing range on the h4, as stated yesterday a close below 6300 & bulls will get crushed. The same for bears if price could close above 6600
This was the chart put up yesterday morning : http://www.forexfactory.com/showpost...postcount=1481

We are still ranging.
I'll put up an updated chart later once I get to the office.

Good luck buddy.
Thank You
  • #139,956
  • Jun 24, 2009 6:46pm Jun 24, 2009 6:46pm
updating gj outlook ... as long as 158 holds we have seen some weakness at lower high pivots 4 hour ...

i am thinking down move in the making/

thart high volume on a doji close to utl is sellers hitting the market or a buying climax. ( sellers swamped the buyers by the looks of it)

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #139,957
  • Jun 24, 2009 6:56pm Jun 24, 2009 6:56pm
Quoting malcolmb14
updating gj outlook ... as long as 158 holds we have seen some weakness at lower high pivots 4 hour ...

i am thinking down move in the making/

thart high volume on a doji close to utl is sellers hitting the market or a buying climax. ( sellers swamped the buyers by the looks of it)

Attachment
Nice analysis malcolmb. I believe we are looking at the same thing.
Here's my take : http://www.forexfactory.com/showpost...postcount=1482

Good luck buddy.
Thank You
  • #139,958
  • Jun 24, 2009 7:02pm Jun 24, 2009 7:02pm
morning all (Indonesia n sekitarnya)
  • #139,959
  • Jun 24, 2009 7:12pm Jun 24, 2009 7:12pm
Quoting wormboy
Nice analysis malcolmb. I believe we are looking at the same thing.
Here's my take : http://www.forexfactory.com/showpost...postcount=1482

Good luck buddy.

looking for test 158 before london ... see how it holds.
Blogging daily now at www.volume.zone
  • #139,960
  • Jun 24, 2009 7:14pm Jun 24, 2009 7:14pm
I am more conservative. 6250 6200 6150 etc.

Quoting malcolmb14
looking for test 158 before london ... see how it holds.
Its all in the mind.
369 traders viewing now