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Cable Update (GBPUSD)

  • #196,701
  • Jan 28, 2010 9:10am Jan 28, 2010 9:10am
Quoting Baby-Trader
I still hold my shorts since Jan 8th

Good man! I think I need to come to you for my dose of patience! What level are you looking for mate? Down to the 1.59s?
  • #196,702
  • Jan 28, 2010 9:12am Jan 28, 2010 9:12am
+70 pips so far/mover stop down
  • #196,703
  • Jan 28, 2010 9:13am Jan 28, 2010 9:13am
Should have held shorts also
Big reaction to only semi favourable $ news ?
Which way now for cable ?
  • #196,704
  • Jan 28, 2010 9:13am Jan 28, 2010 9:13am
Quoting antic81
OUch, And to think that I pulled my short off at a slight loss fearing that it was going to go flying north!

I would have had a cool 40 pips right now, I need to learn the art of patience!
Better safe then sorry lol
  • #196,705
  • Jan 28, 2010 9:15am Jan 28, 2010 9:15am
i think that was it for down ... should go up or a little bit more down then up
  • #196,706
  • Jan 28, 2010 9:16am Jan 28, 2010 9:16am
Quoting intrepid1
I closed my short.
Very sorry to hear that Intrepid.
  • #196,707
  • Jan 28, 2010 9:17am Jan 28, 2010 9:17am
That sure was a crazy move all the pairs I watch just tanked.
AU, GU, GJ, EJ

Only had 1 short open on AU though.

Luckily no longs
  • #196,708
  • Jan 28, 2010 9:19am Jan 28, 2010 9:19am
4/5 ths of shorts closed
  • #196,709
  • Jan 28, 2010 9:19am Jan 28, 2010 9:19am
I'd like her to keep going down on me
must break 6150
  • #196,710
  • Jan 28, 2010 9:20am Jan 28, 2010 9:20am
How about 6157 for goin long? or am i wrong? is there more than just strong TL
  • #196,711
  • Jan 28, 2010 9:21am Jan 28, 2010 9:21am
broke resistance ... further down until 6110
  • #196,712
  • Jan 28, 2010 9:21am Jan 28, 2010 9:21am
closed ALL.took a buy now/tight sl
  • #196,713
  • Jan 28, 2010 9:22am Jan 28, 2010 9:22am
Quoting Baby-Trader
I still hold my shorts since Jan 8th
welcome BT, you just pulling up from under water..
Patience + Discipline =
  • #196,714
  • Jan 28, 2010 9:22am Jan 28, 2010 9:22am
The GBP/USD pair is experiencing a phenomenon, called a 5th Wave failure from the top of 6253. In a 5th wave failure the entire impulse pattern of 1 degree higher gets retraced, that means we are going to see a total retracement to the floor of 6096 (thats a minimum). Usually its much more than that.
  • #196,715
  • Jan 28, 2010 9:22am Jan 28, 2010 9:22am
Quoting Clouds
I'd like her to keep going down on me
must break 6150


done!
  • #196,716
  • Jan 28, 2010 9:24am Jan 28, 2010 9:24am
Quoting Reznik
LoooooNG....
  • #196,717
  • Jan 28, 2010 9:26am Jan 28, 2010 9:26am
This is a H&S, right?
Attached Image
  • #196,718
  • Jan 28, 2010 9:27am Jan 28, 2010 9:27am
I'm out - see ya all tomorrow.
May the forex be with you |
  • #196,719
  • Jan 28, 2010 9:29am Jan 28, 2010 9:29am
I think this move may have something to do with President Obama State of the Union yesterday and the Freeze of Government Spending for three years?

Seems to coincide with the start of the NY session. Pretty drastic if they really do freeze govt spending for three years. Could explain why it affected a lot of pairs.

What do you all think?
  • #196,720
  • Jan 28, 2010 9:29am Jan 28, 2010 9:29am
Quoting FXFundi
I'm out - see ya all tomorrow.
see ya/enjoy the pips
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