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Cable Update (GBPUSD)

  • #140,301
  • Jun 25, 2009 1:54pm Jun 25, 2009 1:54pm
That was a sweet second leg of the measured move last night, did anyone catch it?
  • #140,302
  • Jun 25, 2009 2:53pm Jun 25, 2009 2:53pm
Malcomb, whats your thoughts at this time?

I'm seeing another leg up going into next uk session.

looking for longs around 330 to 350.
  • #140,303
  • Jun 25, 2009 2:55pm Jun 25, 2009 2:55pm
Malcomb,

GY is in about the same area as this time yesterday,I know theres an hour to close, you still think 160?
  • #140,304
  • Jun 25, 2009 3:06pm Jun 25, 2009 3:06pm
Check your Daily charts for all those long wicks going south from 6-15 to today. Bulls likely on the horizon but I really don't see this dreadful range coming to an end. Just my observation. Also this Friday is the last Friday of the month so be careful. Good luck to all.
Show me the PIPS!
  • #140,305
  • Jun 25, 2009 3:10pm Jun 25, 2009 3:10pm
Quoting tathlynq
Check your Daily charts for all those long wicks going south from 6-15 to today. Bulls likely on the horizon but I really don't see this dreadful range coming to an end. Just my observation. Also this Friday is the last Friday of the month so be careful. Good luck to all.

This is actually the longest range we've been in for a year!


Trend traders nightmare, but still plenty of opportunities for those who like ranges!
  • #140,306
  • Jun 25, 2009 3:10pm Jun 25, 2009 3:10pm
Quoting fxgrnwise
Malcomb,

GY is in about the same area as this time yesterday,I know theres an hour to close, you still think 160?
I see 6100 very likely myself.

bounced off support above 6200 and currently hitting the resistance 6375 ish, but the 200SMA looms below.
although i dont trade the kind of time frames to allow such a large move, i really see that as a strong possibility. (looking at the 4H that is)
  • #140,307
  • Jun 25, 2009 3:13pm Jun 25, 2009 3:13pm
They all closed on the high end of daily range...GBP not so much. I would have expected GBP and EURO to close about 100 pips higher, but who said trading currencies was easy? In any case, I think I like to keep my longs from 1.6313 a little longer. Hoping for only a shallow pull back.
  • #140,308
  • Jun 25, 2009 3:32pm Jun 25, 2009 3:32pm
Quoting dakrusha
I see 6100 very likely myself.

bounced off support above 6200 and currently hitting the resistance 6375 ish, but the 200SMA looms below.
although i dont trade the kind of time frames to allow such a large move, i really see that as a strong possibility. (looking at the 4H that is)


Price is just taking a breather, consolidating.

Probabilities say price to go higher and continue with range.

Keep it simple!
  • #140,309
  • Jun 25, 2009 3:48pm Jun 25, 2009 3:48pm
http://i39.tinypic.com/2hfoyhf.jpg
  • #140,310
  • Jun 25, 2009 4:27pm Jun 25, 2009 4:27pm
hello angelina whats ur trade right now?
  • #140,311
  • Jun 25, 2009 4:30pm Jun 25, 2009 4:30pm
A nice triangle was developing earlier in the week for all the bullish traders. 4 hour chart lays out the range pretty clearly.

Quoting alex1976
This is actually the longest range we've been in for a year!


Trend traders nightmare, but still plenty of opportunities for those who like ranges!
  • #140,312
  • Edited 4:49pm Jun 25, 2009 4:31pm | Edited 4:49pm
Morning guys......

Holding 2 x positions to the short side now (1 at BE), new one below

Short @ 1.6470.... SL 1.6520..... 1st TP..... 1.6100...... 2nd TP.... 1.6010

See u guys at the US open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #140,313
  • Jun 25, 2009 4:47pm Jun 25, 2009 4:47pm
im still long looking for 1.6440ish then short maybe next week. this will most likely be my last trade of the week
  • #140,314
  • Jun 25, 2009 5:14pm Jun 25, 2009 5:14pm
am long atm stop at 6352
Its all in the mind.
  • #140,315
  • Jun 25, 2009 5:43pm Jun 25, 2009 5:43pm
Quoting 5abi
am long atm stop at 6352

Still holding Long from 1.6280. S/L moved to +1 PIP.
Show me the PIPS!
  • #140,316
  • Jun 25, 2009 5:56pm Jun 25, 2009 5:56pm
*Profit Taking Time*

I think today cable will re-testing flying to 1.65 area.
  • #140,317
  • Jun 25, 2009 5:57pm Jun 25, 2009 5:57pm
I would just like to say may his soul rest in peace..........Please dont comment bad things about this...

Thanks
GeppyG
Let Price determine your future!
  • #140,318
  • Jun 25, 2009 6:02pm Jun 25, 2009 6:02pm
Who get's all that +$40billion inheritance..after that bro died childless.cozz..i sort of look like him,and am suspecting my mum was beal jane..he was singing about..!!any one got his lawyer's number..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
  • #140,319
  • Jun 25, 2009 6:05pm Jun 25, 2009 6:05pm
Quoting sycho
Who get's all that +$40billion inheritance..after that bro died childless.cozz..i sort of look like him,and am suspecting my mum was beal jane..he was singing about..!!any one got his lawyer's number..HOLLA
CAPTAIN Sycho..
you need a brain replacement...seriously
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #140,320
  • Jun 25, 2009 6:08pm Jun 25, 2009 6:08pm
Quoting djambazov84
you need a brain replacement...seriously
Nah..Would'nt mind having your's..papa ain't raise no quita..HOLLA
CAPTAIN Sycho..
Imanuel Parsifal
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