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Cable Update (GBPUSD)

  • #140,501
  • Jun 26, 2009 9:28am Jun 26, 2009 9:28am
Quoting malcolmb14
today may be distribution day again ... seems selling rallies way to go

Attachment
where did you get this indicator from?? the one which show the levels?

thanks
  • #140,502
  • Jun 26, 2009 9:31am Jun 26, 2009 9:31am
I'm long, i think either consolidation or hit 1.6600 before market close.
prepare for worst & expect the best
  • #140,503
  • Jun 26, 2009 9:35am Jun 26, 2009 9:35am
China argues to replace US dollar

http://news.bbc.co.uk/1/hi/business/8120835.stm

Dollar Weakens on More Reserve Talk from China

http://www.actionforex.com/action-in...2009062690413/
  • #140,504
  • Jun 26, 2009 9:35am Jun 26, 2009 9:35am
Quoting tony_dtrader
I'm long, i think either consolidation or hit 1.6600 before market close.
seems possible. I'm in long from 6473... let's see what happens!
  • #140,505
  • Jun 26, 2009 9:35am Jun 26, 2009 9:35am
I'm still holding on to my long...

roreki, you got stopped out?
  • #140,506
  • Jun 26, 2009 9:36am Jun 26, 2009 9:36am
Quoting Ferick
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.
Agree.... me too short @ 1.6510.. crossing my finger for us..
  • #140,507
  • Jun 26, 2009 9:38am Jun 26, 2009 9:38am
yeah - short term, I reckon you are right - i reckon its agood long term long but the stock mkt is taking a breather and the cable/euro are torpid - so risk reward of leaving the long isnt there

I will wait for a dip and get back in - or as you say - short it if it goes north without DOW support


Quoting Ferick
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.
  • #140,508
  • Jun 26, 2009 9:39am Jun 26, 2009 9:39am
trend is up guys, why short here?
  • #140,509
  • Jun 26, 2009 9:41am Jun 26, 2009 9:41am
Quoting Ipips
I'm still holding on to my long...

roreki, you got stopped out?
nope man still holding but it's so boring day
  • #140,510
  • Jun 26, 2009 9:41am Jun 26, 2009 9:41am
I am now asking them to stop their futile attempts and surrender unconditionally or we the bears will show no mercy
  • #140,511
  • Jun 26, 2009 9:43am Jun 26, 2009 9:43am
Quoting SwissKinseb
trend is up guys, why short here?

How is trend up when we been ranging for 3 weeks and now we are at the top of the range? The real question is why would you long it here?
  • #140,512
  • Jun 26, 2009 9:43am Jun 26, 2009 9:43am
Quoting Dillinger
seems possible. I'm in long from 6473... let's see what happens!
it's the same number wiz me 473
  • #140,513
  • Jun 26, 2009 9:45am Jun 26, 2009 9:45am
LOOKING FOR SHORT WAITING N WAITING
  • #140,514
  • Jun 26, 2009 9:46am Jun 26, 2009 9:46am
out of my long. (moved my SL up and got stopped out)
6 pips TP....wow
  • #140,515
  • Jun 26, 2009 9:46am Jun 26, 2009 9:46am
Quoting Ferick
How is trend up when we been ranging for 3 weeks and now we are at the top of the range? The real question is why would you long it here?
see my chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 13 KB
  • #140,516
  • Jun 26, 2009 9:47am Jun 26, 2009 9:47am
Yeah, what a boring day. Bulls are weak and losing steam but it seems the bears are not interested in the fight too.
  • #140,517
  • Jun 26, 2009 9:49am Jun 26, 2009 9:49am
Quoting wormboy
You have a good chance of getting there. A stop at around 6515 would be good just in case it gets ugly. 6385 is on the cards methinks. Just a thought.

Good luck
Bar the news spike which took the 6515 by about 15 pips, other attempts to close higher had failed so far. The possibility of this turning back to lower levels is very likely given the last spike coincidentally was also rejected at the utl on the h4. Just a thought

Good luck.
Thank You
  • #140,518
  • Jun 26, 2009 9:50am Jun 26, 2009 9:50am
Quoting SwissKinseb
see my chart
  • #140,519
  • Jun 26, 2009 9:50am Jun 26, 2009 9:50am
Quoting ipips
yeah, what a boring day. Bulls are weak and losing steam but it seems the bears are not interested in the fight too.
market just playing n kicking out
  • #140,520
  • Jun 26, 2009 9:52am Jun 26, 2009 9:52am
Quoting wormboy
Bar the news spike which took the 6515 by about 15 pips, other attempts to close higher had failed so far. The possibility of this turning back to lower levels is very likely given the last spike coincidentally was also rejected at the utl on the h4. Just a thought

Good luck.
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