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Cable Update (GBPUSD)

  • #198,641
  • Feb 8, 2010 11:13am Feb 8, 2010 11:13am
Quoting meromar
Where is it possible to get fresh supports,resistance levels?

You can calculate them yourself. Google "how to calculate support and resistance"
  • #198,642
  • Feb 8, 2010 11:36am Feb 8, 2010 11:36am
If you are shooting for betting on the unexpected...I would say GBP/USD is heading for 1.35....And the obvious discounting factor is the retracement which is about 200 bps at the rate of 1.5620

Quoting egkid
Hey bro nice to see you
Have any position with G/U?

"“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” George Soros
  • #198,643
  • Feb 8, 2010 11:40am Feb 8, 2010 11:40am
Long from 1.5606, SL at BE. We are right on the 50 EMA on the 30M, could go either way now.

TP 1.5795 if we manage to break through 1.5625
  • #198,644
  • Feb 8, 2010 11:42am Feb 8, 2010 11:42am
Becareful, The big boys are shorting

Quoting Touchdown
Long from 1.5606, SL at BE. We are right on the 50 EMA on the 30M, could go either way now.

TP 1.5795 if we manage to break through 1.5625
  • #198,645
  • Feb 8, 2010 11:47am Feb 8, 2010 11:47am
Quoting Jassim
If you are shooting for betting on the unexpected...I would say GBP/USD is heading for 1.35....And the obvious discounting factor is the retracement which is about 200 bps at the rate of 1.5620
1.35 sounds about right
  • #198,646
  • Feb 8, 2010 11:50am Feb 8, 2010 11:50am
Here's what I see:


http://www.forexfactory.com/showpost...postcount=4507

Charts in above post link.

I would say the movers have already bought. I continue to hold Long G/U 15690,15590 SL 15490 ultimate targets 16500 and above and Long G/J 14020 SL 13770 ultimate target 150 and above.
  • #198,647
  • Feb 8, 2010 11:51am Feb 8, 2010 11:51am
Quoting Clouds
1.35 sounds about right
oh it might get to 1.35xx, but not untill after thier election... ping pong around between 1.55xx - 1.64xx....
  • #198,648
  • Feb 8, 2010 11:52am Feb 8, 2010 11:52am
Quoting direct-trade
Here's what I see:


http://www.forexfactory.com/showpost...postcount=4507

Charts in above post link.

I would say the movers have already bought. I continue to hold Long G/U 15690,15590 SL 15490 ultimate targets 16500 and above and Long G/J 14020 SL 13770 ultimate target 150 and above.
I agree with you in holding the longs, but you are a bit more optimistic than me. I want to see it close above 5750 before I consider the 6500 target. Would make a nice retrace for monthly candle
  • #198,649
  • Feb 8, 2010 11:53am Feb 8, 2010 11:53am
Quoting Jassim
Becareful, The big boys are shorting
Where do you see the big boys shorting? DX is still down for the day so I'm still strongly favoring a retrace now. If we break 1.5625 now we could get a nice pop up IMHO. SL at BE anyway so my trade is safe.
  • #198,650
  • Feb 8, 2010 11:53am Feb 8, 2010 11:53am
Quoting Cdawg
oh it might get to 1.35xx, but not untill after thier election... ping pong around between 1.55xx - 1.64xx....
GU is no different than other USD pairs, it will fall shortly, no need to wait
  • #198,651
  • Feb 8, 2010 12:01pm Feb 8, 2010 12:01pm
Quoting Clouds
GU is no different than other USD pairs, it will fall shortly, no need to wait
Oh, I don't disagree that it will fall, just not directly as you of course already know. I have the idea, that they won't let it fall just yet..
  • #198,652
  • Feb 8, 2010 12:03pm Feb 8, 2010 12:03pm
Quoting Cdawg
Oh, I don't disagree that it will fall, just not directly as you of course already know. I have the idea, that they won't let it fall just yet..
Prepare for a new low today
  • #198,653
  • Feb 8, 2010 12:08pm Feb 8, 2010 12:08pm
Ctic,

I have been playing around with the fibs based on your advice in that PM. I just want to post one in here and make sure that I'm drawing it correctly.

The example here is a fib drawn on Monthly bar for daily TF.

Attached Image (click to enlarge)
Click to Enlarge Name: post delete1.gif Size: 25 KB


Thank you sir,

Donnie
  • #198,654
  • Feb 8, 2010 12:10pm Feb 8, 2010 12:10pm
Quoting Clouds
Prepare for a new low today
Ha, well I hope so.. I'm short at 1.6006, 1.5922, 1.5766... I was contemplating dumping the shorts at 1.5550 or so if we get back there..

Wait and see is the game ATM..
  • #198,655
  • Feb 8, 2010 12:11pm Feb 8, 2010 12:11pm
Quoting Cdawg
Oh, I don't disagree that it will fall, just not directly as you of course already know. I have the idea, that they won't let it fall just yet..
The stock market is related to all the pairs, as you probably know.
Not sure 'they' can stop it, or want to stop it. Most countries want a strong dollar, and say their strong currency is hurting their economy.
9964.77 -47.46‎ (-0.47%‎) Feb 8 3:09pm ET
  • #198,656
  • Feb 8, 2010 12:12pm Feb 8, 2010 12:12pm
Woof!! Woof! I am the Big bad Wolf . Keep away little toddlers. We coming in UK session... Long all the way. Ha!!
  • #198,657
  • Feb 8, 2010 12:14pm Feb 8, 2010 12:14pm
Quoting Clouds
Prepare for a new low today
Lucy in the sky with clouds
  • #198,658
  • Feb 8, 2010 12:15pm Feb 8, 2010 12:15pm
Quoting Reznik
Woof!! Woof! I am the Big bad Wolf . Keep away little toddlers. We coming in UK session... Long all the way. Ha!!

That's it. I'm starting a thread called 'Shorts for GU'
  • #198,659
  • Feb 8, 2010 12:18pm Feb 8, 2010 12:18pm
You can't be wrong if you don't have an opinion.
Better to follow the trend then try to predict it.
  • #198,660
  • Feb 8, 2010 12:27pm Feb 8, 2010 12:27pm
Weak friday longs are already killed, time to kill weak monday shorts
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