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Cable Update (GBPUSD)

  • #141,261
  • Jun 30, 2009 10:11am Jun 30, 2009 10:11am
Sell at 6580/6600.
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  • #141,262
  • Jun 30, 2009 10:12am Jun 30, 2009 10:12am
Quoting kaliber8
Yeah I mean it went down so hard. Close to 200 pips in under 2 hours. With no major event!
Probably had a lot of traders get crushed thinking there was going to be a breakout after it passed 1.67. There was a 21% increase in long positions in GBP/USD this morning.
  • #141,263
  • Edited 10:39am Jun 30, 2009 10:14am | Edited 10:39am
  •  gbm
  • | Joined Jun 2009 | Status: A student of FX | 6 Posts
Quoting Geppyg
Brov you wont like my Profit taking module..I am actually looking for 1.5800..If you want I will pm you my analysis..and thoughts....

This is my minimum Targets

Goof
Thanks for letting me know mate. Yes a bit ambitious for me... I'll probably get out when it hits the 6420s again.

All the best!
  • #141,264
  • Jun 30, 2009 10:15am Jun 30, 2009 10:15am
Quoting Jason Rogers
Probably had a lot of traders get crushed thinking there was going to be a breakout after it passed 1.67. There was a 21% increase in long positions in GBP/USD this morning.
That's because the majority buy right before or during a 'breakout' instead of waiting for a valid re-test of the breakout level as support/resistance
  • #141,265
  • Jun 30, 2009 10:15am Jun 30, 2009 10:15am
Quoting Just20pips
at last.....my lovely Cable

Short @: 1.6725,1.6627,1.6514,1.6438
TP @ 1.6427 (yesterday low)
Total +596

Time to sleep....(ngantuk euy)

Happie trading guys

Wow Great Results! Keep it up! My shortfall is I cannot hold my trades for too long...suppose that goes with time! Great work
Hero Traders Live to see their Accounts Die!
  • #141,266
  • Jun 30, 2009 10:15am Jun 30, 2009 10:15am
Quoting Geppyg
Brov you wont like my Profit taking module..I am actually looking for 1.5800..If you want I will pm you my analysis..and thoughts....

This is my minimum Targets

Goof
5800? I love it .
Thank You
  • #141,267
  • Jun 30, 2009 10:16am Jun 30, 2009 10:16am
Still holding short from 1.6695 geppy u too or end it ?
  • #141,268
  • Jun 30, 2009 10:16am Jun 30, 2009 10:16am
Quoting Yngwie
My view.. GU still in bearish mode. If it breaks 1.66300 yes.. i change my mind.
Yerp.. still in the selling mood. 1.6565 is the highest price it can go now for bullish mood again.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #141,269
  • Jun 30, 2009 10:17am Jun 30, 2009 10:17am
Quoting jack.canadia
Looks like we had a fake-out above 6660. I wish my part of the world was awake for the london session, pips were to be made last night!

Short retracementsss
hey it was just a small pullback
  • #141,270
  • Jun 30, 2009 10:18am Jun 30, 2009 10:18am
Quoting wormboy
5800? I love it .
i love it too but i think it will take a day or two to reach there what do you say??i am in same rally since 6721


Ub
  • #141,271
  • Jun 30, 2009 10:19am Jun 30, 2009 10:19am
Quoting wormboy
5800? I love it .
if 6432 holds out, i am considering longs back to the tops
  • #141,272
  • Jun 30, 2009 10:20am Jun 30, 2009 10:20am
USDCAD still has a ways to go to 1.18, at which time id favor GBP/USD around 5800 before another turn in sentiment.
  • #141,273
  • Jun 30, 2009 10:20am Jun 30, 2009 10:20am
Quoting forexlion
if 6432 holds out, i am considering longs back to the tops
I am already long actually!
  • #141,274
  • Jun 30, 2009 10:21am Jun 30, 2009 10:21am
wow the GU spread is just 0.8 pips right now wonderful
  • #141,275
  • Jun 30, 2009 10:22am Jun 30, 2009 10:22am
Quoting jack.canadia
I am already long actually!
i am waiting for confirmation on 15 min to enter

and I think I have 1 hour more to decide on that
  • #141,276
  • Jun 30, 2009 10:23am Jun 30, 2009 10:23am
Quoting ubaidahsan
i love it too but i think it will take a day or two to reach there what do you say??i am in same rally since 6721


Ub
I say light a cigarette, book partial profit, lock the rest & screw those who are trying to go long. Your trade is safe & you have nothing to worry about.

I saw your short earlier. Nice job ub
Thank You
  • #141,277
  • Jun 30, 2009 10:24am Jun 30, 2009 10:24am
Quoting jack.canadia
I am already long actually!
I am not sure about a continued up move, bought at 1.6425 and exited longs...too much bear action, so would be careful here with longs. Possiblly it will go to 1.6540-60 but would be careful here.
Hero Traders Live to see their Accounts Die!
  • #141,278
  • Jun 30, 2009 10:25am Jun 30, 2009 10:25am
Quoting wormboy
I say light a cigarette, book partial profit, lock the rest & screw those who are trying to go long. Your trade is safe & you have nothing to worry about.

I saw your short earlier. Nice job ub
Im just scalping some quick ones but WB im still with you on that 5300 test, but we wont get too far ahead of ourselves. 5800 first
  • #141,279
  • Jun 30, 2009 10:26am Jun 30, 2009 10:26am
Quoting simoneg
I am not sure about a continued up move, bought at 1.6425 and exited longs...too much bear action, so would be careful here with longs. Possiblly it will go to 1.6540-60 but would be careful here.
Yeah .. In any case the only place I am comfortable to short would be as per the chart I posted a few back. Baterrn 6550/6600 with a 5800 target.
  • #141,280
  • Jun 30, 2009 10:26am Jun 30, 2009 10:26am
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