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Cable Update (GBPUSD)

  • #141,001
  • Jun 29, 2009 8:17pm Jun 29, 2009 8:17pm
Quoting malcolmb14
buyers on dips still .... has been all day. I have been expecting this. However do not like it being in asia. Would rather have seen this kind of move in London , so am wary of it , but enjoying
Morning Malcolm,

can you please give a brief explanation why you don't like buyers being in the asian session?

Also am looking at shorting the eur/jpy 135.70 area, Any comments welcomed.

Cheers
  • #141,002
  • Jun 29, 2009 8:18pm Jun 29, 2009 8:18pm
Some resistances for today.
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  • #141,003
  • Jun 29, 2009 8:24pm Jun 29, 2009 8:24pm
Quoting malcolmb14
buyers on dips still .... has been all day. I have been expecting this. However do not like it being in asia. Would rather have seen this kind of move in London , so am wary of it , but enjoying

Thank you. I share your concern about this major resistance being tested during Asia, but given the momentum, lack of major selling above 6600 figure and strong performance of equities ( +2% in Asia already), it is possible Europe will just take it where Asia left and move it higher.
  • #141,004
  • Jun 29, 2009 8:26pm Jun 29, 2009 8:26pm
FXCM issue, have you tried restarting it, sometimes it just gets confused the orders happened but even going refresh on the panels doesn't sort it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #141,005
  • Jun 29, 2009 8:29pm Jun 29, 2009 8:29pm
Quoting pjpipster
Morning Malcolm,

can you please give a brief explanation why you don't like buyers being in the asian session?

Also am looking at shorting the eur/jpy 135.70 area, Any comments welcomed.

Cheers

I would not Short it there. Given the strong correlation this pair has with equities, it will most likely move higher. Shorting at 137 may be safer. My two cents about Asia- it rarely if ever breaks major resistance.
  • #141,006
  • Jun 29, 2009 8:35pm Jun 29, 2009 8:35pm
Howzit guys? what do you make of the current acc numbers in the london session?
  • #141,007
  • Jun 29, 2009 8:40pm Jun 29, 2009 8:40pm
Quoting Ferick
I would not Short it there. Given the strong correlation this pair has with equities, it will most likely move higher. Shorting at 137 may be safer. My two cents about Asia- it rarely if ever breaks major resistance.
Thanks Ferick,

So asia does not have the volume momenteum to push it throught these zones.

Roger that.
  • #141,008
  • Jun 29, 2009 8:41pm Jun 29, 2009 8:41pm
I Look forward for 1.6785 today. does anyone agree?
  • #141,009
  • Jun 29, 2009 8:45pm Jun 29, 2009 8:45pm
Quoting deryworlds
I Look forward for 1.6785 today. does anyone agree?
How do you get to 6785?
  • #141,010
  • Jun 29, 2009 8:47pm Jun 29, 2009 8:47pm
Just noticed a 30-min pin bar. The hourly close will tell a story too.
  • #141,011
  • Jun 29, 2009 8:49pm Jun 29, 2009 8:49pm
Quoting I like steak
How do you get to 6785?
Look on the weekly chart. There was a wick that touched this level.
  • #141,012
  • Jun 29, 2009 8:59pm Jun 29, 2009 8:59pm
Quoting deryworlds
I Look forward for 1.6785 today. does anyone agree?
That's possible. I think any move North will be capped by major resistance at 1.680-1.6850. This is where 50% Fib. and Bollinger 3 meet. If we get there I like to dump my long and enter a short. My 2 and a half cents.
  • #141,013
  • Jun 29, 2009 8:59pm Jun 29, 2009 8:59pm
Quoting jack.canadia
Look on the weekly chart. There was a wick that touched this level.
yap thx jack eye should watch the big chart almost end of month
  • #141,014
  • Jun 29, 2009 9:15pm Jun 29, 2009 9:15pm
Quoting deryworlds
yap thx jack eye should watch the big chart almost end of month
Yeah alot of weight will be placed on this months close.

Heres a chart and potential buy opportunity.

38.2/50% zone, trendline and daily pivot.

Note.. the fib isnt drawn properly to account for the fact that price may make a new high before falling, if it does. Moves the fibs a fews points but no big deal.

But anyway, this is my plan to buy. I need pasta, be back in a bit.
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  • #141,015
  • Jun 29, 2009 9:16pm Jun 29, 2009 9:16pm
Good Morning Guys....

Quoting deryworlds
I Look forward for 1.6785 today. does anyone agree?
I share the same thought if it breaks 1.6665 it may go to 1.6785...price movement show no sign of reversal at the moment....
Never Stop Learning...
  • #141,016
  • Jun 29, 2009 9:17pm Jun 29, 2009 9:17pm
Quoting deryworlds
yap thx jack eye should watch the big chart almost end of month
Thank you, and thanks Jack.

Interesting...end of month and of H1, Q2, ....very interesting
  • #141,017
  • Jun 29, 2009 9:24pm Jun 29, 2009 9:24pm
Good morning people. Looks like the Asian went up. Maybe a scope to go beyond 1.67xx if it may, Ill wait until London to see the developing's today. Hope for another long trade today. Looks good right from daily to price action on the hourly.
  • #141,018
  • Jun 29, 2009 9:39pm Jun 29, 2009 9:39pm
Quoting Salsettefx
Good morning people. Looks like the Asian went up. Maybe a scope to go beyond 1.67xx if it may, Ill wait until London to see the developing's today. Hope for another long trade today. Looks good right from daily to price action on the hourly.
My m15 up to h1 indicator is overbougth
h4 indi : make second top
day indi : trend up
is it possible to go down first to 6550 or arround daily pivot ?

if it's not broken.... it could fly ....

I don't know what i'm doing...... so don't trust me
  • #141,019
  • Jun 29, 2009 9:43pm Jun 29, 2009 9:43pm
I think the market is still ranging. Its now at the upper limit of the range. If it breaks beyond this point though, there is no telling how far it may go. My gut feeling is the bears will dominate throught the European session.
  • #141,020
  • Jun 29, 2009 9:47pm Jun 29, 2009 9:47pm
Looks like up to 16888
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