Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#196,301
Jan 27, 2010 7:05am Jan 27, 2010 7:05am

marbellafx
| Joined Jan 2010 | Status: Trader | 144 Posts

Support at 1.6100 is expected to hold in the US session today. A break below 1.6100 might pull it down towards the significant Support in 1.6060-30 region.

http://www.fxstreet.com/technical/an...010-01-27.html

#196,302
Jan 27, 2010 7:05am Jan 27, 2010 7:05am

antic81
| Joined Aug 2009 | Status: Trader | 424 Posts

I have entered a short on the basis of the interaction with the resistance at 240, plus the doji formed on the hourly and being overbought on the hourly, running a tight stop just above resistance.

Short at 16222, SL 16247 TP around the 128 area.

Lets see how it pans out.

#196,303
Jan 27, 2010 7:07am Jan 27, 2010 7:07am

PipSqueeze
| Additional Username | Joined Jan 2010 | 195 Posts

GU seems to run out of steam for the up move and short does look the short term target I'd say. Will wait for US data though first before deciding on positions.

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#196,304
Jan 27, 2010 7:09am Jan 27, 2010 7:09am

Blacknightz
| Joined Jan 2010 | Status: Trader | 517 Posts

shorted at resistance line of 1.62410...

cool 30 pips...

#196,305
Jan 27, 2010 7:13am Jan 27, 2010 7:13am

FXFundi
| Joined Jul 2009 | Status: Fundi -from Zulu umfundi, "learner" | 358 Posts

Quoting Fly2

Disliked

FXstreet.com (Barcelona) - The Pound has bounced at 1.6105 low at European session opening and, fuelled By BoE Sentance's comments about UK GDP, the pair has rallied about 140 pips on European morning session to reach 1.6245 at the moment of writing.

According to the Kshitij Consultancy Service Team, Sterling's rally might be halted at 1.6269 or 1.6301 resistance levels: " The 21-Week-MA at 1.6269 and the 100-DMA at 1.6301 are the significant...

Ignored

We just need some good data out of the US later today to send this puppy south - I'll keep loading shorts if it moves up. Everybody on the south bound train, enjoy the ride. Set my target at 1.6155

May the forex be with you |

#196,306
Jan 27, 2010 7:21am Jan 27, 2010 7:21am

zapper
| Joined Aug 2008 | Status: Trader | 552 Posts

If we knock out 1.6140, no looking back... as many say "Candles with long wicks would have a long body too!"

#196,307
Jan 27, 2010 7:24am Jan 27, 2010 7:24am

[FX]Spectre
| Joined Jan 2010 | Status: Trader | 14 Posts

Every time i open position it goes some pts in my way and then straight against me no matter what.
got short 6228 tp above DP

#196,308
Jan 27, 2010 7:30am Jan 27, 2010 7:30am

yeemeng
| Joined Feb 2009 | Status: Trader | 11 Posts

http://1.bp.blogspot.com/_S8afBUkmas...h/27012010.gif Possible a tirangle for wave B. Will fall once a,b,c,d,e pattern completes.

#196,309
Jan 27, 2010 7:31am Jan 27, 2010 7:31am

marbellafx
| Joined Jan 2010 | Status: Trader | 144 Posts

Quoting antic81

Disliked

I have entered a short on the basis of the interaction with the resistance at 240, plus the doji formed on the hourly and being overbought on the hourly, running a tight stop just above resistance.

Short at 16222, SL 16247 TP around the 128 area.

Lets see how it pans out.

Ignored

Nice call Antic

#196,310
Jan 27, 2010 7:50am Jan 27, 2010 7:50am

zapper
| Joined Aug 2008 | Status: Trader | 552 Posts

If in 10 minutes, we get past 1.62, we would have a reversal candle in the H4

#196,311
Jan 27, 2010 7:51am Jan 27, 2010 7:51am

antic81
| Joined Aug 2009 | Status: Trader | 424 Posts

Quoting marbellafx

Disliked

Nice call Antic

Ignored

Thanks mate, my confidence is not massive so hence the tight stop, she seems to have found some support around 212 level on the 5 min, hoping to see a break of that, I would like to pull my SL up to BE before I pop out in a few hours time, before US data, if that pushes sterling up it could take out my stop anyway, so rather have a risk free ride...lets see how we do!

#196,312
Jan 27, 2010 7:54am Jan 27, 2010 7:54am

antic81
| Joined Aug 2009 | Status: Trader | 424 Posts

Quoting zapper

Disliked

If in 10 minutes, we get past 1.62, we would have a reversal candle in the H4

Ignored

Never say never, but I am not overly confident of that happening, she seems to have hit some support at 212, and just bounced off there again, would have to fall about 25 points in the next 5 mins or so.

But never say never!

#196,313
Jan 27, 2010 7:57am Jan 27, 2010 7:57am