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Cable Update (GBPUSD)

  • #144,421
  • Jul 9, 2009 12:28am Jul 9, 2009 12:28am
Quoting forexlion
1.6101 is a tough resistance, breaking this with a 4 hour candle open above it means end of tanking for me, I am praying this does not happen
Thanks. Currentl holdng short too
Great Bodies are Engineered not Born
  • #144,422
  • Jul 9, 2009 12:33am Jul 9, 2009 12:33am
Quoting forexlion
1.6101 is a tough resistance, breaking this with a 4 hour candle open above it means end of tanking for me, I am praying this does not happen

it must go below 6069 by all means
better pray more.. its looks like may open above 1.6101. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #144,423
  • Jul 9, 2009 12:38am Jul 9, 2009 12:38am
it would go to 1.6131
  • #144,424
  • Jul 9, 2009 12:41am Jul 9, 2009 12:41am
Quoting Yngwie
Forex Lion! I love to hear your analysis. atm im waiting price break 6053 to take short and price break 6110 for buy.
atm waiting 1.6110 for buy and 1.6066 for sell. Maybe next candle will tell
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #144,425
  • Jul 9, 2009 12:43am Jul 9, 2009 12:43am
Quoting RichLadyFX
Thanks. Currentl holdng short too
Good Morning,

Looking for 1.5900 by close of play today.......Max range short is 1.6200...

I am currently short with 2 positions..
The Reversal has been confirmed now....Its all about patience.....

Good Luck

GeppyG
Let Price determine your future!
  • #144,426
  • Jul 9, 2009 12:46am Jul 9, 2009 12:46am
HELLO ALLZ
  • #144,427
  • Jul 9, 2009 12:56am Jul 9, 2009 12:56am
Quoting Yngwie
better pray more.. its looks like may open above 1.6101. LoL!
technically no

we will see a furious tanking at london, this is just pre uk rate decision bull trap
  • #144,428
  • Jul 9, 2009 1:01am Jul 9, 2009 1:01am
A reversal in what way , Short or long. I hope u mean short. So is the Frankfurt open going to go short or long hunting ?
Quoting Geppyg
Good Morning,

Looking for 1.5900 by close of play today.......Max range short is 1.6200...

I am currently short with 2 positions..
The Reversal has been confirmed now....Its all about patience.....

Good Luck

GeppyG
  • #144,429
  • Jul 9, 2009 1:01am Jul 9, 2009 1:01am
Quoting Yngwie
better pray more.. its looks like may open above 1.6101. LoL!
time for long
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #144,430
  • Jul 9, 2009 1:04am Jul 9, 2009 1:04am
And I see this falling very hard.........
We needed this up move to tank hard......
Still wanted a bit higher but......its okay

Orders are in let the games begin......

Good Luck All

GeppyG
Let Price determine your future!
  • #144,431
  • Jul 9, 2009 1:05am Jul 9, 2009 1:05am
wave analysis
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  • #144,432
  • Jul 9, 2009 1:08am Jul 9, 2009 1:08am
Precisely 1.6137 has held as strong resistance. If it goes above that, i close my short and go long. SL is currently @ 1.6147.
In all your ways acknowledge Him and He will direct your path.
  • #144,433
  • Jul 9, 2009 1:08am Jul 9, 2009 1:08am
Quoting dobbie11
A reversal in what way , Short or long. I hope u mean short. So is the Frankfurt open going to go short or long hunting ?
Daily reversal's......

I dont understand what you mean by short or long but am presuming... The reversal is from this whole bullish move from 5300 to 6700...

My next Target for today and tommorow is 1.5800 If it breaks 1.5950 boy oh boy.....

Patience is the key.....

Good Luck
GeppyG
Let Price determine your future!
  • #144,434
  • Jul 9, 2009 1:09am Jul 9, 2009 1:09am
I have a long at 1.6114, hoping it goes above that for a few pips.
  • #144,435
  • Jul 9, 2009 1:09am Jul 9, 2009 1:09am
Quoting Geppyg
And I see this falling very hard.........
We needed this up move to tank hard......
Still wanted a bit higher but......its okay

Orders are in let the games begin......

Good Luck All

GeppyG
I agree. I can only see this heading south. I have been short from 6094 but have adjusted my s/l accordingly because imo a big big fall is coming.
  • #144,436
  • Jul 9, 2009 1:09am Jul 9, 2009 1:09am
You do have a trend line that has been holding and it is as 135 - 140. Also last high on the 1 hour chart is 137. So if that holds it will tank, If not we could see 200 - 250 before that move down.
  • #144,437
  • Jul 9, 2009 1:12am Jul 9, 2009 1:12am
ygnewei or what every your name is bro behave man.......

Post your chart....................stop causing friction on the boards...

Last post of the day............
Let Price determine your future!
  • #144,438
  • Jul 9, 2009 1:16am Jul 9, 2009 1:16am
This is my first post on this thread, and just wanted to say thanks for keeping things upbeat and amusing. I too agree this will head south today, but a rally to 6200 at the bottom of the previous channel we traded in for 2 weeks is possible. the close of the last 4hour was above 6100 which means this could head up before going downtown during london, i would like to see the next 1 hour close back below 6100.

my humble opinion

thanks
  • #144,439
  • Jul 9, 2009 1:32am Jul 9, 2009 1:32am
Quoting dobbie11
You do have a trend line that has been holding and it is as 135 - 140. Also last high on the 1 hour chart is 137. So if that holds it will tank, If not we could see 200 - 250 before that move down.
Precisely dobie. My SL is set 10 pips above the 1.6137. If it hit, we definitely see 1.63xx b4 any move down.
In all your ways acknowledge Him and He will direct your path.
  • #144,440
  • Jul 9, 2009 1:36am Jul 9, 2009 1:36am
1.6140 closing in. now i understand Jack's statement for 50% Fib retracement on 1hr. will this be then considered an uptrend since there are few series of 123 waves on 1hr chart?
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