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Cable Update (GBPUSD)

  • #140,481
  • Jun 26, 2009 6:22am Jun 26, 2009 6:22am
Quoting Geppyg
I pips I have been looking at that same trendline...when that breaks we should get a bam bam bam.....down :-)
That's right. I thought it almost broke just now..
  • #140,482
  • Jun 26, 2009 6:22am Jun 26, 2009 6:22am
Quoting davids
A lot of people here are assuming that it will hit 1.6550 and reverse what if anything are you basing this on surely it is better to wait for a proper reversal candle, this could go all the way to 1.6680 even 1.7000

Maybe I am missing something here I am long from 1.6253 and intend holding on to it until it actually reverses, all I have seen over the last few hours is it struggling to get past the 1H channel and R1 at 1.6486
as long as 1.6550/6560 is not break..it mean 1.6500 is the best entry for short i believe....and 100pips on the way..check ur M15 and my previous post on the blue dotted line at that area...1.6535 is the head and she build some shoulder ~ 1,6450 area...good luck
  • #140,483
  • Jun 26, 2009 6:23am Jun 26, 2009 6:23am
Quoting roreki
i hafe a long too but from 1.6473 i think i will close it around 1.6550 and go Short
Nicely done. But just in case it doesn't reach there, you may want to move your S/L to protect your pips. It's still struggling for direction.
  • #140,484
  • Jun 26, 2009 6:25am Jun 26, 2009 6:25am
Ipips mate wt's ur target of long ?
  • #140,485
  • Jun 26, 2009 6:29am Jun 26, 2009 6:29am
Quoting roreki
Ipips mate wt's ur target of long ?

I'm thinking around 1.6530-1.6550. May close earlier depending on price action. +20 pips already

S/L moved to B/E.
  • #140,486
  • Jun 26, 2009 6:30am Jun 26, 2009 6:30am
Quoting grashid
as long as 1.6550/6560 is not break..it mean 1.6500 is the best entry for short i believe....and 100pips on the way..check ur M15 and my previous post on the blue dotted line at that area...1.6535 is the head and she build some shoulder ~ 1,6450 area...good luck
Thanks, I see your reasoning although I have never found Head and shoulders on small tf's to be very reliable, you could be correct for all I know.
  • #140,487
  • Jun 26, 2009 6:33am Jun 26, 2009 6:33am
Quoting Ipips
I'm thinking around 1.6530-1.6550. May close earlier depending on price action. +20 pips already

S/L moved to B/E.
if it breaks 1.6535 i will hold my long a littel
  • #140,488
  • Jun 26, 2009 6:40am Jun 26, 2009 6:40am
Quoting davids
Thanks, I see your reasoning although I have never found Head and shoulders on small tf's to be very reliable, you could be correct for all I know.
no no i could be wrong..that is just my poor view....
  • #140,489
  • Jun 26, 2009 6:43am Jun 26, 2009 6:43am
alot of selling pressure at 1.6510-15. C'mon bulls. I want to short higher.
  • #140,490
  • Jun 26, 2009 6:44am Jun 26, 2009 6:44am
Quoting Ipips
alot of selling pressure at 1.6510-15. C'mon bulls. I want to short higher.
give it a hand wiz me and push
  • #140,491
  • Jun 26, 2009 6:50am Jun 26, 2009 6:50am
Quoting roreki
give it a hand wiz me and push
It's not budgin..
Attached Image
  • #140,492
  • Jun 26, 2009 6:51am Jun 26, 2009 6:51am
ha ha ha ha
  • #140,493
  • Jun 26, 2009 7:00am Jun 26, 2009 7:00am
Quoting grashid
Ladies and gentlement...

mmm..as what I told yesterday 1.6350/50 will be my decision point and now she already react...so 1.6470 will be another part of interesting in order to going to 1.65 area...

my poor prediction today was...1.6470-1.65 possibility will formed another head and 1.636070 area will be his shoulder and today next week....mmm...tanking perhaps....

attach some chart for reference...

So today before close 1.6250-1.6180 look possible..

From my experiance...H1 is the best TF for GU to watch and make target while M5/M15 is...
Check this out for some reference...maybe its usefull...

http://www.forexfactory.com/showpost...stcount=140344

ok guys I need to go..Good luck to all and happy weekend...
  • #140,494
  • Jun 26, 2009 7:02am Jun 26, 2009 7:02am
Stopped out and went long again, this time at 1.6481..
  • #140,495
  • Jun 26, 2009 7:10am Jun 26, 2009 7:10am
Quoting Ipips
Stopped out and went long again, this time at 1.6481..

today may be distribution day again ... seems selling rallies way to go

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #140,496
  • Jun 26, 2009 7:12am Jun 26, 2009 7:12am
Quoting grashid
Check this out for some reference...maybe its usefull...

http://www.forexfactory.com/showpost...stcount=140344

ok guys I need to go..Good luck to all and happy weekend...
Thank You.
Great Bodies are Engineered not Born
  • #140,497
  • Jun 26, 2009 7:12am Jun 26, 2009 7:12am
Like taking candy from a baby

Dow will run up to 9000 over the next couple of months and everyone will say it's just been a bad dream and the dollar will slide in prospect of safe overseas investing

Then......

ok I am buying the dips - how original
  • #140,498
  • Jun 26, 2009 7:26am Jun 26, 2009 7:26am
Quoting beejay
wont get there.the news is ood for $$$$$. on the other hand weekly reversal is at 1.6575.
told ya. cant see it getting there. time will tell
  • #140,499
  • Jun 26, 2009 7:27am Jun 26, 2009 7:27am
euro is doing great too and still pull GBP
  • #140,500
  • Jun 26, 2009 7:27am Jun 26, 2009 7:27am
Quoting malcolmb14
today may be distribution day again ... seems selling rallies way to go

Attachment

I concur, hence I went Short at 1.6508 ( My earlier long was stopped at BE) . Notice how it is struggling above 1.65- Been around the figure for about 8 hours now but has not managed to close above it. It's acting pretty crazy, so a snap North is possible, but it would not be a reason to long it. Short it higher.
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