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Cable Update (GBPUSD)

  • #170,281
  • Sep 28, 2009 10:54pm Sep 28, 2009 10:54pm
Quoting forexlion
I am very heavily long into GBPUSD

My expectations are for 1.60 today !!! within 6 to 12 hours of this post.

As always.. Im with 'YA....
Attached Image (click to enlarge)
Click to Enlarge Name: gu7.png Size: 28 KB
  • #170,282
  • Sep 28, 2009 10:56pm Sep 28, 2009 10:56pm
Quoting XTrade
We MAY see 800 something Gold (AU) before massive uptick

I find Gold Helpful on Cable trades

However, Ultimately, Gold is bullish and My Personal forecast is by December is 1050 plus, Once 1050 to 1060 is broken we may be on a runaway train with minimal retracement as we have seen now.

These are non Forex spot GOLD bid charts. Forex Gold trades Much higher sometimes than Commods & physical

By 2011 gold may touch 1500
I've taken a couple rides on Gold, and a couple on Silver, 3 went good, one went wrong, ultimately, I didn't enjoy the action as much as currency, and because I don't have much history can only assume they would play out much the same as would the Forex, so can only give my opinion based on that.

I sees what I sees, but as it is of no matter to me, I would not try to sway you one way or the other in your decision, maybe someday it will peak a little more of my interest and we can chat more.

Best of luck with your trades
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,283
  • Edited 11:06pm Sep 28, 2009 11:00pm | Edited 11:06pm
My broker does not trade AU and AG spot.

From a Forex perspective it may look bearish currently.
However gold has returned consistent profits over the past 5+ years In my opinion from reading the charts.

I do not disagree we may pullback. However I am firm longer term bullish gold.
I too am enjoying concentrating on currency pairs and leaving my AG /AU to physical purchases as of yet.

edit: I am sill short one lot from 6351 -- getting antsy now!!

Quoting Magix
I sees what I sees, but as it is of no matter to me, I would not try to sway you one way or the other in your decision, maybe someday it will peak a little more of my interest and we can chat more.

Best of luck with your trades
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,284
  • Sep 28, 2009 11:02pm Sep 28, 2009 11:02pm
i'm short at 1.5925,SL 40,target 50 pip
  • #170,285
  • Sep 28, 2009 11:03pm Sep 28, 2009 11:03pm
Good day to you all,

Attached my chart with levels of importance to me at present. These are numbered and referenced:

1) Price is currently sitting just above the Friday low. This low was @ 1.5915
Price is currently held back for the interim, by the Friday close price @ 1.5927
2) Should this get broken, price may move higher to go and test the weekly opening price again @ 1.5965 as well as
3) Yesterday's high @ 1.5977.

Should price manage this barrier, I am of the opinion that the maximum move up can be 1.6057 for now - from there, downtrend may resume or we will see a retrace back down.

Below current price, we have:

4) Today's open price @ 1.5883, backed up on support of price by (5)the 50% line of the week @ 1.5873. Should price break through these to the downside, a retest of 1.5833 and then 1.5803.

My personal bias will be towards the upside for now(long).

I wish you all success and good trading

My highest regards
Attached Image (click to enlarge)
Click to Enlarge Name: gu108.gif Size: 17 KB
  • #170,286
  • Sep 28, 2009 11:04pm Sep 28, 2009 11:04pm
Quoting Piters
As always.. Im with 'YA....
yeah 1.60 can prove to be an excellent place to short if it does not break to the topside, but for today i do not see anything above 1.60

will wait for 1 hour salaamnamaste to confirm, before deciding on shorts.
  • #170,287
  • Sep 28, 2009 11:07pm Sep 28, 2009 11:07pm
Added single short dragon, EJ, EU.

And now...Awf ta Bed.

Knight Awl!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #170,288
  • Sep 28, 2009 11:08pm Sep 28, 2009 11:08pm
Quoting TauTrader
Good day to you all,

Attached my chart with levels of importance to me at present. These are numbered and referenced:

1) Price is currently sitting just above the Friday low. This low was @ 1.5915
Price is currently held back for the interim, by the Friday close price @ 1.5927
2) Should this get broken, price may move higher to go and test the weekly opening price again @ 1.5965 as well as
3) Yesterday's high @ 1.5977.

Should price manage this barrier, I am of the opinion that the maximum move up can be 1.6057 for now - from there, downtrend...
Good work - currently past support = resistance - I think the UK session will take her to 1.6000
May the forex be with you |
  • #170,289
  • Sep 28, 2009 11:08pm Sep 28, 2009 11:08pm
Quoting Piters
As always.. Im with 'YA....
just zoomed in to your chart

you are absolutely correct about that 1.62 bounce down

that, is the best place to enter shorts/
  • #170,290
  • Sep 28, 2009 11:08pm Sep 28, 2009 11:08pm
Quoting forexlion
yeah 1.60 can prove to be an excellent place to short if it does not break to the topside, but for today i do not see anything above 1.60

will wait for 1 hour salaamnamaste to confirm, before deciding on shorts.
i'm with you, bro..
  • #170,291
  • Sep 28, 2009 11:13pm Sep 28, 2009 11:13pm
Hi everyone, i'm still new in forex trading. May i know what is the relationship between FTSE 100 with GU? Any other charts that i can refer to have relationship with GU so that i can predict where the GU is heading?

Thanks in advance!
  • #170,292
  • Sep 28, 2009 11:17pm Sep 28, 2009 11:17pm
Quoting FXFundi
Good work - currently past support = resistance - I think the UK session will take her to 1.6000
Good day to you,

I will be in meetings this morning, so I will probably miss London open , but we will need to get some momentum going. Looking @ the current bars forming on 4hr, it looks more like "marking up" than actual interim bullishness.

One should be careful....

Wish you success
  • #170,293
  • Sep 28, 2009 11:30pm Sep 28, 2009 11:30pm
Quoting TauTrader
Good day to you,

I will be in meetings this morning, so I will probably miss London open , but we will need to get some momentum going. Looking @ the current bars forming on 4hr, it looks more like "marking up" than actual interim bullishness.

One should be careful....

Wish you success
wow, who is the girl ?
  • #170,294
  • Sep 28, 2009 11:30pm Sep 28, 2009 11:30pm
forexlion,

I have decided to remain in current short and will be looking to add more shorts @ the mentioned 6200.

How does anyone feel about .5750 this week?

Quoting forexlion
you are absolutely correct about that 1.62 bounce down --- best place to enter shorts/
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #170,295
  • Sep 28, 2009 11:33pm Sep 28, 2009 11:33pm
i believe we going up to 1.60 (exactly sure TP is 1.5979). Buy with stop loss below 1.5900 will be safe. From 1.6 we can short until 1.5555.. LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #170,296
  • Sep 28, 2009 11:37pm Sep 28, 2009 11:37pm
Quoting forexlion
wow, who is the girl ?


Hehe, no REALLY.... this time it's a meeting

Wish you wealth, health and success

My highest regards
  • #170,297
  • Sep 28, 2009 11:40pm Sep 28, 2009 11:40pm
Quoting vangcuibap
i'm waiting short
That was a neat,decent easy to understand analysis.What are the parameters used?
  • #170,298
  • Sep 28, 2009 11:56pm Sep 28, 2009 11:56pm
Quoting XTrade
forexlion,

I have decided to remain in current short and will be looking to add more shorts @ the mentioned 6200.

How does anyone feel about .5750 this week?
I hope you are holding short position from 64xx level at least to be doing this, because between now & 6200 is 300 pips & it is absolutely bad trading to keep adding on a losing position.
Thank You
  • #170,299
  • Sep 29, 2009 12:02am Sep 29, 2009 12:02am
Wormie, gotta love it when a plan comes together...

Wheres are you thinking of taking dragon off the table. I'm thinking 143.70 for now.
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #170,300
  • Sep 29, 2009 12:05am Sep 29, 2009 12:05am
Hi Wormboy.

The short is from .6351 I had 3 open lots

this is the trade

2 were closed earlier before breakout retrace 1 is open.

I held as of now and decided to tentatively close @ 400 pip TP.
7 Pips away from that now.

"From earlier post---
I ended 2 lots @ 5892 for 459 pips. 1 lot open hoping for further retracement to 5890 or lower from last break out.
This is my best trade to date!!! (Due to longer TF) And the fine people that post in this thread.
-----"

Any suggestion?

Thanks for your valuable input!


Quoting wormboy
I hope you are holding short position from 64xx level at least to be doing this, because between now & 6200 is 300 pips & it is absolutely bad trading to keep adding on a losing position.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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