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Cable Update (GBPUSD)

  • #140,261
  • Jun 25, 2009 9:29am Jun 25, 2009 9:29am
Quoting john123x
so, how long does bernanke usually speak
DJ and S&P in bull trend for that oppurtunity..almost pretty similar trend for GU.....am watching my M15&H1 atm..
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  • #140,262
  • Jun 25, 2009 9:31am Jun 25, 2009 9:31am
Careful with the longs. A retrace/test of the 6300 - 30 area is to be expected. A fall to 6220 - 6200 still quite possible.

I'm sidelines for now...

Good luck All...
Ghost Rider - WWTBMD?
  • #140,263
  • Jun 25, 2009 9:44am Jun 25, 2009 9:44am
Quoting Ferick
Ok, SL at break even. Is 1.6450 to much to ask?
Well, that was short lived. Got stooped out at BE.
  • #140,264
  • Jun 25, 2009 9:46am Jun 25, 2009 9:46am
Quoting albchr
Careful with the longs. A retrace/test of the 6300 - 30 area is to be expected. A fall to 6220 - 6200 still quite possible.

I'm sidelines for now...

Good luck All...
I do not think that it is good to put a Long now. Experience tells me that GU may test 1.6150 on the next day before going up.

The FA only.

Pham.
  • #140,265
  • Jun 25, 2009 9:50am Jun 25, 2009 9:50am
Quoting Pham
I do not think that it is good to put a Long now. Experience tells me that GU may test 1.6150 on the next day before going up.

The FA only.

Pham.
Then you agree with me...
Ghost Rider - WWTBMD?
  • #140,266
  • Jun 25, 2009 10:03am Jun 25, 2009 10:03am
Quoting Ferick
Well, that was short lived. Got stooped out at BE.
A good trade then. For me, in Forex, BE goes in the winning trade column.
Ghost Rider - WWTBMD?
  • #140,267
  • Jun 25, 2009 10:12am Jun 25, 2009 10:12am
What do you folks think about the 3 1hr doji's with higher volume?
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  • #140,268
  • Jun 25, 2009 10:29am Jun 25, 2009 10:29am
Quoting grashid
am looking 1.6350/60 for GU to confirm my direction...Bull with inverted Doji in M15 and H4 such a nice double bottom..OS..Wait for another H4 for confirmation

For GY am watching 158.20 at my UTL with H4 formed nice pin bar atm...159.50..mmm

mmm nothing special with that news...i think...get us mess if we wait for it...just my 10 sen see how...
You are bullish and I'm bearish, I have short trades for GU, GJ and EU
  • #140,269
  • Jun 25, 2009 10:35am Jun 25, 2009 10:35am
Quoting Ferick
Well, that was short lived. Got stooped out at BE.

Went Long Again. It's pointing N. Will see.
  • #140,270
  • Jun 25, 2009 10:36am Jun 25, 2009 10:36am
roreki my friend, what price will you be locking in your pips?
  • #140,271
  • Jun 25, 2009 10:39am Jun 25, 2009 10:39am
Quoting Ipips
roreki my friend, what price will you be locking in your pips?
i will close it btween 1.6340 - 380 dont know exactlly yet but i think i'll close it to the nearest price cuz i am sitting her from Asia and the weather in Egypt here is too hot and i want to go out wiz my frindz .. waiting for 1.6340 my frnd , wt about u ?
  • #140,272
  • Jun 25, 2009 10:42am Jun 25, 2009 10:42am
340 becam so near
  • #140,273
  • Jun 25, 2009 10:45am Jun 25, 2009 10:45am
Quoting roreki
i will close it btween 1.6340 - 380 dont know exactlly yet but i think i'll close it to the nearest price cuz i am sitting her from Asia and the weather in Egypt here is too hot and i want to go out wiz my frindz .. waiting for 1.6340 my frnd , wt about u ?
I am not sure exactly too, will have to monitor price action for the next few hours. But if 1.6350 is established soon, i will expect higher prices, possible above 1.6400.

But as I am in Asia and it's night time here, I may close out the position before I sleep because I don't want to have the profits slip out of my pocket while I'm asleep.
  • #140,274
  • Jun 25, 2009 10:45am Jun 25, 2009 10:45am
I'm thinking about going north to 1.6380 do You agreed??
  • #140,275
  • Jun 25, 2009 10:48am Jun 25, 2009 10:48am
Quoting yorkie
I'm thinking about going north to 1.6380 do You agreed??
i agree it it pass 1.6340
  • #140,276
  • Jun 25, 2009 10:49am Jun 25, 2009 10:49am
Quoting Ipips
I am not sure exactly too, will have to monitor price action for the next few hours. But if 1.6350 is established soon, i will expect higher prices, possible above 1.6400.

But as I am in Asia and it's night time here, I may close out the position before I sleep because I don't want to have the profits slip out of my pocket while I'm asleep.
God wiz u mate wish u a good profit and a sweet dreams but don't dream that u lose all pips

Sleep well mate and meet u in Asia time i think
  • #140,277
  • Jun 25, 2009 10:52am Jun 25, 2009 10:52am
Quoting roreki
God wiz u mate wish u a good profit and a sweet dreams but don't dream that u lose all pips

Sleep well mate and meet u in Asia time i think
Thanks very much mate. Take care yourself. Tomorrow will be another day~
  • #140,278
  • Jun 25, 2009 10:52am Jun 25, 2009 10:52am
Quoting Ipips
malcolm, you're back.

Need to pick your brains. Do you see this recent downmove as another accumulation phase by SM for the next leg up? Or is this just a retracement?

so far we have seen those buyers comein on the 6250 supprt zone again . There are conflicting signals on the 4 hour where volume is concerned , seller 1.6600 , buyers 1.6250 for sure.

The indexes took off today . I was not surprised by this. Yesterdays down move looked trappish on the ES.

I would like to see a move up to test 6350 / 6400 and then see if e have a no demand bar / day show up around this level. This may confirm that those buyers are losing interest

right now we have sideways consoidation 6600 to 6250. There is no easier way to make money than trading a channel like this.

so far this channel has prodcued 1300 pips.

I did take sell in gj and gu last night before bed in asai , gj on the test 158 zone. and gu 1.6400 , both closed this morning.

today now with the es ripping up is buy the dips unless 6250 breaks to down side , liekly we may see move back to 1.6600

the close of the us indexes and gu today after US session may give us better indication of direction . For now play the range.

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  • #140,279
  • Jun 25, 2009 10:58am Jun 25, 2009 10:58am
Quoting Ipips
Thanks very much mate. Take care yourself. Tomorrow will be another day~
okay my friend c u tomorrow , sweet dreams
  • #140,280
  • Jun 25, 2009 10:58am Jun 25, 2009 10:58am
Quoting malcolmb14
so far we have seen those buyers comein on the 6250 supprt zone again . There are conflicting signals on the 4 hour where volume is concerned , seller 1.6600 , buyers 1.6250 for sure.

The indexes took off today . I was not surprised by this. Yesterdays down move looked trappish on the ES.

I would like to see a move up to test 6350 / 6400 and then see if e have a no demand bar / day show up around this level. This may confirm that those buyers are losing interest

right now we have sideways consoidation 6600 to 6250. There is no easier way...
Indeed. Trading within this channel has been very profitable for most of the traders here.

The 4H break below that trendline could have been a false breakout. I also think we'll have a clearer indication in the next couple of hours. If it manages to climb back above that lower trendline, then I believe we'll head for 1.65+.
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