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Cable Update (GBPUSD)

  • #141,361
  • Jun 30, 2009 5:15pm Jun 30, 2009 5:15pm
Quoting djambazov84
I stand corrected thanks !
haha .. looks good for a short though!
  • #141,362
  • Jun 30, 2009 5:17pm Jun 30, 2009 5:17pm
Are you guys Long from 6470 to 6510 thne short. After watching Bloomberg a few minutes ago, the Forex "expert" mentioned the USD should be strong during the asian session.
Do you guys follow this?
  • #141,363
  • Jun 30, 2009 5:19pm Jun 30, 2009 5:19pm
Quoting deyler
Are you guys Long from 6470 to 6510 thne short. After watching Bloomberg a few minutes ago, the Forex "expert" mentioned the USD should be strong during the asian session.
Do you guys follow this?
bberg wont load on my computer. anyone know why? it just wont play

anyway i agree that USD could maintain another day or two of strength but i need a level to short off of
  • #141,364
  • Jun 30, 2009 5:41pm Jun 30, 2009 5:41pm
Pachecus,

The Better Volume Indicator on Malcombs chart is from the VSA thread in Trading discussions, its been updated to the 4th version now but Malcomb does just fine with the first one.
  • #141,365
  • Jun 30, 2009 5:41pm Jun 30, 2009 5:41pm
Quoting deyler
Are you guys Long from 6470 to 6510 thne short. After watching Bloomberg a few minutes ago, the Forex "expert" mentioned the USD should be strong during the asian session.
Do you guys follow this?
I do not follow BLommberg or Cnbc when trading. Do you really believe they know what they are talking about? I sit here with Bloomberg on and they will be saying the dollar is getting stronger, and its actualy getting weaker. So many times i see this.

On a more honest front. The techicals tell me it will weaken further, how much i don't know.
  • #141,366
  • Jun 30, 2009 5:56pm Jun 30, 2009 5:56pm
holy shit check the 5 minute chart! wtf is going on here haha
  • #141,367
  • Jun 30, 2009 5:57pm Jun 30, 2009 5:57pm
Interesting, 50+ pip drop in seconds did someone just nuke the UK, EJ and EU unchanged!!

New lows JUST aswell, bogus stop hitting dump before new highs ??

Or start of some serious selling ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #141,368
  • Jun 30, 2009 5:58pm Jun 30, 2009 5:58pm
EURGBP spikes aswell, so it's a UK Event!!!

Anyone see any news ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #141,369
  • Jun 30, 2009 5:59pm Jun 30, 2009 5:59pm
i hope its only testing the low before the bull comes im still long. is anyone still long or are u guys short
  • #141,370
  • Jun 30, 2009 6:01pm Jun 30, 2009 6:01pm
Quoting tjhimself
i hope its only testing the low before the bull comes im still long. is anyone still long or are u guys short
waiting to short about 6500
  • #141,371
  • Jun 30, 2009 6:01pm Jun 30, 2009 6:01pm
EU selling, looks like selling on all pairs, I see no news though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #141,372
  • Jun 30, 2009 6:07pm Jun 30, 2009 6:07pm
Quoting Turveyd
EU selling, looks like selling on all pairs, I see no news though.

FOMC Speaker Yellen spoke at 9pm according to the calendar.
  • #141,373
  • Jun 30, 2009 6:07pm Jun 30, 2009 6:07pm
Waiting to SHORT closer to 1.6500. Needs to retrace before I feel good.... of course it might not... we'll see..........patience....
Show me the PIPS!
  • #141,374
  • Jun 30, 2009 6:10pm Jun 30, 2009 6:10pm
Quoting tathlynq
Waiting to SHORT closer to 1.6500. Needs to retrace before I feel good.... of course it might not... we'll see..........patience....
I dont think we will get it.
  • #141,375
  • Jun 30, 2009 6:10pm Jun 30, 2009 6:10pm
I went short at 1.6465. If you go to the H4 you can clearly see a continuation of the downward movement. Let's see if this can move to support down at 1.6200.

Anyways, this goes for EUR/USD, AUD/USD, NZD/USD, even GBP/JPY. They've been selling off since mid London last night.
  • #141,376
  • Jun 30, 2009 6:12pm Jun 30, 2009 6:12pm
Quoting jack.canadia
I dont think we will get it.

I'm with you. Hopefully we get a nice bounce off 6400
  • #141,377
  • Jun 30, 2009 6:12pm Jun 30, 2009 6:12pm
Quoting jack.canadia
I dont think we will get it.
However. This may be a markdown to clear stops and entice some of us to short so larger buy orders could be filled.
  • #141,378
  • Jun 30, 2009 6:14pm Jun 30, 2009 6:14pm
Quoting tathlynq
Waiting to SHORT closer to 1.6500. Needs to retrace before I feel good.... of course it might not... we'll see..........patience....
Long term you may get that, but, I doubt it, you may have to get in at the next stall, but, you may have missed the entire train on this one. You should have got in on the Inside Bars on the H4, had a nice Pin with a 50% retrace, made for a great entry.

This setup also had some wonderful Fib confluence. I couldn't pass.
  • #141,379
  • Jun 30, 2009 6:18pm Jun 30, 2009 6:18pm
http://www.reuters.com/article/usDol...00010720090701
  • #141,380
  • Jun 30, 2009 6:21pm Jun 30, 2009 6:21pm
Here's the Murrey Math levels.... I don't use them much but do like to look at them once in a while. 1/8th @ 1.6418.
Attached Image (click to enlarge)
Click to Enlarge Name: mmgood.gif Size: 46 KB
Show me the PIPS!
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