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Cable Update (GBPUSD)

  • #164,541
  • Sep 10, 2009 6:09am Sep 10, 2009 6:09am
Quoting soartosky
what da!! a GAP??!!
Yeah, your eagle eyes are right...a GAP


Edit: I did here just 7 pips...what a crazy move
-- There's no winner without lose --
  • #164,542
  • Sep 10, 2009 6:10am Sep 10, 2009 6:10am
euro's got to drag this bitch down now
  • #164,543
  • Sep 10, 2009 6:11am Sep 10, 2009 6:11am
Quoting KillPhil08
Took a bit stop now at b/e. I know man, don't worry.

News trades for me =

long 16483 or 16455 / Short 16566 (already short from 24).
are we still going down?
  • #164,544
  • Sep 10, 2009 6:12am Sep 10, 2009 6:12am
Quoting spintrader
euro's got to drag this bitch down now
I don't think she's coming down... shaping up for 1.6600 break
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,545
  • Sep 10, 2009 6:13am Sep 10, 2009 6:13am
Quoting Bull_Bear
I don't think she's coming down... shaping up for 1.6600 break
gold/oil/euro heading lower still, so not sure. But respectfully, I hope you are wrong. time will tell!
  • #164,546
  • Sep 10, 2009 6:14am Sep 10, 2009 6:14am
Quoting spintrader
euro's got to drag this bitch down now
oh man! f**k i didnt realise this news was gonna be a big deal..looks like this $%^^%£" is looking to finish me off!..have u been trading dragon? back to square one
  • #164,547
  • Sep 10, 2009 6:15am Sep 10, 2009 6:15am
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #164,548
  • Sep 10, 2009 6:15am Sep 10, 2009 6:15am
Check the triple top on hourly, i think this might be the start of something good.

Also GJ wedge and ej broke out of it's one.
  • #164,549
  • Sep 10, 2009 6:17am Sep 10, 2009 6:17am
gbp have hard resistance on 1.6610 and has'nt confirm bullish movement
yet NY opening is near and it's forces make fear to keep gbp up
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  • #164,550
  • Sep 10, 2009 6:17am Sep 10, 2009 6:17am
Quoting nAVIN2007
oh man! f**k i didnt realise this news was gonna be a big deal..looks like this $%^^%£" is looking to finish me off!..have u been trading dragon? back to square one
Nah I gave up on dragon- I had a sell order in at 154.00, but I decided it didn't look like it was gonna hit and then cable shot up- so I shorted her instead!

stop's at 1.6635

I'll be massively annoyed if it hits. survived the spike thus far, now hoping that the real market reaction will reveal itself to be down.
there was definitely some sellers at the top, but it's still looking dicey.
  • #164,551
  • Sep 10, 2009 6:18am Sep 10, 2009 6:18am
Shorted @ 1.6590 closed with +30 pips
Still have a short @ 1.6550
  • #164,552
  • Sep 10, 2009 6:19am Sep 10, 2009 6:19am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I expect to see atleast 1.67 before it retraces back and forms complete H&S pattern.
There is no negetive news from the UK govt. All as expected. So fear over for now.


ams


Quoting ams
My 2 cents, although not sure how many of you take it.

Despite all the criticism for fundamentals, technicals are stuck as there is no way to tell which way it's going to go. Since we are waiting for fundamental announcement from last 2 days.

Well not to disappoint anyone , BUT, If BOE doesn't announce any QE today pound will rocket. Why, because EU has made yearly high's on the hope of recovery. Don't forget ftse100 touched 5000 yesterday. Investors are spooked because of more QE or IR decision hence the reason pound is holding back.

So if QE...
  • #164,553
  • Sep 10, 2009 6:19am Sep 10, 2009 6:19am
I'm seeing a triple top develop on the daily. May be showing signs of upward exhaustion and a turn of the tide.
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  • #164,554
  • Sep 10, 2009 6:22am Sep 10, 2009 6:22am
Good day,

Should price not purposefully break the 1.6545 level back down, price may close the day up @ 1.6595 to 1.6600.( may move slightly through first)

Should price pass back down through 1.6545, shorts could be attempted from 1.6535, but with target 1.6500 to 1.6485

Regards
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  • #164,555
  • Sep 10, 2009 6:22am Sep 10, 2009 6:22am
Altough 4hrs showing strong triple top

But still bull wedge forming

Over all price action is confused.

Not entering right now as am not sure

50/50 score to bulls and bears both.
  • #164,556
  • Sep 10, 2009 6:23am Sep 10, 2009 6:23am
being hurt real bad this week
stops been too tight
and this upward move hit them all


darn I should have rested
Lets Soar The Sky
  • #164,557
  • Sep 10, 2009 6:23am Sep 10, 2009 6:23am
Quoting KillPhil08
Check the triple top on hourly, i think this might be the start of something good.

Also GJ wedge and ej broke out of it's one.
AND when it breaks, it will break with a force.... She's loading her barrels

I'm hanging long now
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,558
  • Sep 10, 2009 6:25am Sep 10, 2009 6:25am
You can see the area on 4hr that is causing the resistance...previous swing hi zone=previous resistance=potential resistance...mni were talking about '..stronger offers 6590/00..' earlier Nice short set-up on the 1min.

http://i30.tinypic.com/11v15hw.gif
ex member
  • #164,559
  • Sep 10, 2009 6:29am Sep 10, 2009 6:29am
Rising wedge is forming in Daily and still holding Upper trend Line.
  • #164,560
  • Sep 10, 2009 6:30am Sep 10, 2009 6:30am
Quoting spintrader
Nah I gave up on dragon- I had a sell order in at 154.00, but I decided it didn't look like it was gonna hit and then cable shot up- so I shorted her instead!

stop's at 1.6635

I'll be massively annoyed if it hits. survived the spike thus far, now hoping that the real market reaction will reveal itself to be down.
there was definitely some sellers at the top, but it's still looking dicey.
i know what u mean ......this is crazy, f**k man interest rate staying the same dont really mean nothing i cant understand why we heading up.. all week it failed now the mofo wants to go up

we at a critical area..if this ofo heads up..we could be loking at a trend change
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