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Cable Update (GBPUSD)

  • #142,121
  • Jul 2, 2009 9:46am Jul 2, 2009 9:46am
Quoting Ferick
It has held since April every time. If it breaks this time, I would consider it as an official break of the uptrend and a major bearish signal.
That`s close! i was watching over the 22 day EMA. now at 6310...
  • #142,122
  • Edited 10:02am Jul 2, 2009 9:50am | Edited 10:02am
Quoting ubaidahsan
is it going up again??or retracing for down???or rejected from support again??

Ub
see ur M5..1.6385/90 perhaps good for another short entry...GY ~ 158 area..anyway good luck..am going for my bed...
  • #142,123
  • Jul 2, 2009 9:55am Jul 2, 2009 9:55am
Quoting LondonTrader
Thank you for the previous answer as well. I think about the tools which Worm Boy is using so if you can recommend the books it would be fantastic.

Many thank,
LT
Your PM is turned off so I can't message you.

I can send you the books, if you give me your email address.

cheers
  • #142,124
  • Jul 2, 2009 10:05am Jul 2, 2009 10:05am
Quoting grashid
I notice your patient is paid now mate...Congratulation to you...we has been discuss about u last week..u r really the real trader...sorry i have not enough vouch to vouch you...anyway good luck

Thank you very much for your comments...my patience has come from swings..to be honest...and you guys are doing a great job on her keep it up....

I am glad I came out at 3:30....

Thanks for your comments
Let Price determine your future!
  • #142,125
  • Jul 2, 2009 10:10am Jul 2, 2009 10:10am
i added a short from 1.6373 ... hope it won't rise again , targets are set @ 1.6220
  • #142,126
  • Jul 2, 2009 10:11am Jul 2, 2009 10:11am
Quoting Ferick
It has held since April every time. If it breaks this time, I would consider it as an official break of the uptrend and a major bearish signal.

It held again!!! They are just not interested in sending it SOUTH at the moment despite steep losses in equities.
  • #142,127
  • Jul 2, 2009 10:15am Jul 2, 2009 10:15am
Quoting roreki
i added a short from 1.6373 ... hope it won't rise again , targets are set @ 1.6220

Brov the best thing to do is come back on Tuesday......I am really doubtfull we will see a break today .....You will never miss out on pips....

You are aiming for a 150 pips bro..you will be able make them no matter where the market is...

Good Luck hope it works for you


GeppyG
Let Price determine your future!
  • #142,128
  • Jul 2, 2009 10:19am Jul 2, 2009 10:19am
Quoting Geppyg
Brov the best thing to do is come back on Tuesday......I am really doubtfull we will see a break today .....You will never miss out on pips....

You are aiming for a 150 pips bro..you will be able make them no matter where the market is...

Good Luck hope it works for you


GeppyG
thanks mate

i will let to see what would it do for tommorrow
  • #142,129
  • Jul 2, 2009 10:20am Jul 2, 2009 10:20am
is tomorrow being a US holiday having a bearing on the price rising with people closing their positions for the week?
  • #142,130
  • Jul 2, 2009 10:22am Jul 2, 2009 10:22am
Quoting bobbybrown
is tomorrow being a US holiday having a bearing on the price rising with people closing their positions for the week?
could be...
  • #142,131
  • Jul 2, 2009 10:24am Jul 2, 2009 10:24am
I guess the part is over for today, I think it will go up now or will do some consolidation, but I don't believe that it will break the support today
  • #142,132
  • Jul 2, 2009 10:30am Jul 2, 2009 10:30am
Quoting pino2
I guess the part is over for today, I think it will go up now or will do some consolidation, but I don't believe that it will break the support today
any body see double bottom " W " in m15, m30 and H1 ?
  • #142,133
  • Jul 2, 2009 10:31am Jul 2, 2009 10:31am
There is 2 important news for GBP tomorrow... so it would be purely a GBP influence...
  • #142,134
  • Jul 2, 2009 10:33am Jul 2, 2009 10:33am
Quoting iqyusan
any body see double bottom " W " in m15, m30 and H1 ?
yes but from the little i know...it looks like 15m and 30m just had pinbars so i would expect price to at least restest the bottom
  • #142,135
  • Jul 2, 2009 10:38am Jul 2, 2009 10:38am
moreover... EurUsd has broken 1.4 psy. round number support. That might have some good pressure on GU...
  • #142,136
  • Jul 2, 2009 10:41am Jul 2, 2009 10:41am
Quoting zapper
moreover... EurUsd has broken 1.4 psy. round number support. That might have some good pressure on GU...
yeah i saw that now , may be we could see 6200 - 180 in the coming 12-24 hours who knows
  • #142,137
  • Jul 2, 2009 10:45am Jul 2, 2009 10:45am
Quoting bobbybrown
yes but from the little i know...it looks like 15m and 30m just had pinbars so i would expect price to at least restest the bottom
become strong .... at least at this moment ....
  • #142,138
  • Jul 2, 2009 10:46am Jul 2, 2009 10:46am
Quoting zapper
What we`re seeing in the weekly could be the beginning of a retracement of the long move, this far. There seems to be a nice resistance above 6700.
Yes, it's breaking down trough the TD demand line on W1 as we speak. We'll find out if it's qualified next week...
  • #142,139
  • Jul 2, 2009 10:47am Jul 2, 2009 10:47am
Quoting roreki
yeah i saw that now , may be we could see 6200 - 180 in the coming 12-24 hours who knows
market is trying to for inverse H&S just to please the buyers in 5m.
  • #142,140
  • Jul 2, 2009 10:48am Jul 2, 2009 10:48am
Quoting roreki
yeah i saw that now , may be we could see 6200 - 180 in the coming 12-24 hours who knows
see EG buddy ..... what that means ?
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