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Cable Update (GBPUSD)

  • #186,661
  • Dec 9, 2009 2:08am Dec 9, 2009 2:08am
Quoting thetruthspy
what is london looking for??
Bull or bear?
hit my s/l, placed a buy stop @1.6271
  • #186,662
  • Dec 9, 2009 2:12am Dec 9, 2009 2:12am
Quoting samdani786
Might be camels
hahaha...at least better than tortoise...
  • #186,663
  • Dec 9, 2009 2:20am Dec 9, 2009 2:20am
so maybe the retracement will start here...
  • #186,664
  • Dec 9, 2009 2:22am Dec 9, 2009 2:22am
There is H/S pattern on D1 GU and we just passed the bottom.
I expect GU to continue sliding down, but we will see this week news..
  • #186,665
  • Dec 9, 2009 2:25am Dec 9, 2009 2:25am
anyone know what's the dollar index is doing now? outlook?
  • #186,666
  • Dec 9, 2009 2:29am Dec 9, 2009 2:29am
Quoting Najee
anyone know what's the dollar index is doing now? outlook?
dropping...passed pivot
  • #186,667
  • Dec 9, 2009 2:30am Dec 9, 2009 2:30am
Quoting Robert23
My first post here so be gentle with me!

From my daily chart, the last leg up was 1.6270 (27 Nov low) to 1.6720 (3 Dec high) - a total of 450 pips.

For a 1.618 fib extension from the high, target is 1.5996.

For a 2.618 fib extension, target is 1.5542.

Should we get to a 4.236 extension, we're looking at 1.4814!!!
Maybe not this side of Xmas!

Hope this helps and good luck to all!
Hi Rob, welcome - all thoughts, comments, gut feelings are welcome. I have been trying to find the bottom for 2 days...... Could this be it? With Greece and Dubai in the news one wonders?
May the forex be with you |
  • #186,668
  • Dec 9, 2009 2:39am Dec 9, 2009 2:39am
The GBP/USD heading to the pivot points area. I think it will be wise to buy now and close before the budget release. The cable going up.
  • #186,669
  • Dec 9, 2009 2:41am Dec 9, 2009 2:41am
Quoting Najee
anyone know what's the dollar index is doing now? outlook?
Here you go
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 19 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #186,670
  • Dec 9, 2009 2:42am Dec 9, 2009 2:42am
Quoting Jemmy
pending sell @6160..SL=6210
pending sell removed..the bears being ambushed by the bulls....waiting for next moment..
Patience + Discipline =
  • #186,671
  • Dec 9, 2009 2:42am Dec 9, 2009 2:42am
Mates, to find a very bottom or a very top is a "very" costy utopia and nothing more

I received news that UK report will add some pace to downside again, or at least will not stimulate upswing.

So my day today is SHORT. I expect to see a black D1 candle today.
  • #186,672
  • Dec 9, 2009 2:58am Dec 9, 2009 2:58am
Quoting AlexanderSV
Mates, to find a very bottom or a very top is a "very" costy utopia and nothing more

I received news that UK report will add some pace to downside again, or at least will not stimulate upswing.

So my day today is SHORT. I expect to see a black D1 candle today.

The pre budget release?
  • #186,673
  • Dec 9, 2009 2:58am Dec 9, 2009 2:58am
could we call this retracement?
if it is then 1.6295 will be in my radar first...
  • #186,674
  • Dec 9, 2009 3:03am Dec 9, 2009 3:03am
Quoting thetruthspy
could we call this retracement?
if it is then 1.6295 will be in my radar first...
This is the run for pivot I been waiting for all friggen day.

Now, I go to bed...

Made nice down and back up...

w0wserZ

All day waiting for 3 hours of action!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,675
  • Dec 9, 2009 3:04am Dec 9, 2009 3:04am
Quoting DubaiTrader
The pre budget release?
Correct, pre budget release.
From fundamental side of things GU is weak and this upmove (as reported) was caused by closing shorts and fixing profit.
Will see who is stronger, bears or bulls
  • #186,676
  • Dec 9, 2009 3:07am Dec 9, 2009 3:07am
I gotta really nice pin bar on my h4...and hourly confirmation.

Some kinda run.

This was the play I was expecting, just got to the bull party early...NY time...heh

I thought if we sold down during NY session, we could see an all outright chart turn.

Pivot pt on my charts says 1.6307, FWIW.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #186,677
  • Dec 9, 2009 3:08am Dec 9, 2009 3:08am
Quoting GlobalMacro
Good Day,

Buying here at the bottom of the range @ 1.6330 ...

Good Morning,

Long Position Set Yesterday Is Still In Play
Price probed lower but is retracing again and forming a potential pin

I will continue to carry my long position for now...
Attached Images
Hear the music before the song is over ...
  • #186,678
  • Dec 9, 2009 3:12am Dec 9, 2009 3:12am
Quoting GlobalMacro
Good Morning,

Long Position Set Yesterday Is Still In Play
Price probed lower but is retracing again and forming a potential pin

I will continue to carry my long position for now...
GM

looks like we sharing the same ride brother
My setup :
1. http://www.forexfactory.com/showpost...stcount=186594

Good luck!
Thank You
  • #186,679
  • Dec 9, 2009 3:26am Dec 9, 2009 3:26am
Quoting wormboy
GM

looks like we sharing the same ride brother
My setup :
1. http://www.forexfactory.com/showpost...stcount=186594

Good luck!
Hey WB....How are you brother?

lol..that's right....finally...we're heading same direction...

this time of the year pretty tricky to trade though....

All The Best To You Too!
Hear the music before the song is over ...
  • #186,680
  • Dec 9, 2009 3:30am Dec 9, 2009 3:30am
Quoting thetruthspy
could we call this retracement?
if it is then 1.6295 will be in my radar first...
not even pass my first target...just reach a little bit...
and yet still we are in the bear territory...
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