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Cable Update (GBPUSD)

  • #230,181
  • Jun 6, 2010 11:48pm Jun 6, 2010 11:48pm
Quoting alex1976
does it have to go upto the last daily close to be filled?
yes around 14470's
  • #230,182
  • Jun 7, 2010 12:34am Jun 7, 2010 12:34am
Quoting kill56
yes around 14470's

ok
  • #230,183
  • Jun 7, 2010 12:36am Jun 7, 2010 12:36am
could anything be made of this hammer looking hourly to go short?
  • #230,184
  • Jun 7, 2010 12:47am Jun 7, 2010 12:47am
Hi Everyone

Any speculation as how far down this GU will go at the moment I think we might retest the 1 Hr low 1.4405 any takes on that?
BE THE BEST YOU CAN BE AND BE IT TODAY
  • #230,185
  • Jun 7, 2010 12:49am Jun 7, 2010 12:49am
Where is this going? The cable continues to weaken against the dollar.
  • #230,186
  • Jun 7, 2010 1:04am Jun 7, 2010 1:04am
upside 470 - 555 (R 470 - 515 -555)
downside rally to 1.4210
Verily, in every difficulties there is relief
  • #230,187
  • Jun 7, 2010 1:06am Jun 7, 2010 1:06am
Quoting Haymaker
Where is this going? The cable continues to weaken against the dollar.
1.3650
Every time you use 'hopium' in a post, God kills a kitten.
  • #230,188
  • Jun 7, 2010 1:09am Jun 7, 2010 1:09am
Quoting profxtrader
1.3650
So we should short now or wait for what price to go short?
  • #230,189
  • Jun 7, 2010 1:10am Jun 7, 2010 1:10am
Quoting primzvicious
upside 470 - 555 (R 470 - 515 -555)
downside rally to 1.4210
heres the chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 15 KB
Verily, in every difficulties there is relief
  • #230,190
  • Jun 7, 2010 1:12am Jun 7, 2010 1:12am
Quoting Haymaker
So we should short now or wait for what price to go short?
Depends on your trading plan. I've been short for weeks. Wait for a retracement of some sort. Have a rally as a point of reference for your stops. Then you can define your risk to reward and make the trade. For all I know that is right now, but I haven't looked. I'm basing these trades on the daily TF as I have quite a bit to do in the next 2 weeks.
Every time you use 'hopium' in a post, God kills a kitten.
  • #230,191
  • Jun 7, 2010 1:33am Jun 7, 2010 1:33am
I think we could see 1.4510 as the point to short again. This is the 38.1 retrace on the 5 min fib. Takes in the 1.4681 to 1.44. However, will be selling support at 1.447s
  • #230,192
  • Jun 7, 2010 1:41am Jun 7, 2010 1:41am
INTRA-DAY GBP/USD:

Last Update At 07 Jun 2010 02:40 GMT

Range Forecast
1.4415 / 1.4450


Resistance/Support
R: 1.4453/1.4503/1.4553
S: 1.4401/1.4387/1.4360
A little beginner trader since 2006
  • #230,193
  • Jun 7, 2010 1:52am Jun 7, 2010 1:52am
GBP/USD The overall structure remains intensely bearish and the market is in the process of seeking out a fresh lower top below 1.5500, ahead of the next major downside extension to retest the critical multi-year lows from 2009 by 1.3500. Rallies have recently stalled out just ahead of 1.4800, and the market looks poised for a direct retest of the 2010 lows by 1.4240, below which exposes 1.4000 and then 1.3500 further down.
Yahoo Finance

WOW!~ I have a sell from 4635 !~ It's open yet.
A little beginner trader since 2006
  • #230,194
  • Jun 7, 2010 2:22am Jun 7, 2010 2:22am
Are we going down now???
  • #230,195
  • Jun 7, 2010 2:26am Jun 7, 2010 2:26am
I bought GBPUSD at 1.4395

Stop 1.4350
Target 1.4450

Lets see what happens next
Don't compare your Trades with Others
  • #230,196
  • Jun 7, 2010 2:30am Jun 7, 2010 2:30am
Quoting DubaiFX
I bought GBPUSD at 1.4395

Stop 1.4350
Target 1.4450

Lets see what happens next
GBP/USD: SELL
Any rally is an opportunity to “sell”. The move through 1.4540 sets the market up to at least play through a range reversal and test the lower 1.4000’s. It could turn into a trend continuation, and go through 1.4000 on the way towards 1.3800’s. The longer-term view remains bearish. Target initially 1.4250-60 region, then 1.4100-10, then watch the 1.4000’s carefully.
A little beginner trader since 2006
  • #230,197
  • Jun 7, 2010 2:33am Jun 7, 2010 2:33am
Quoting DubaiFX
I bought GBPUSD at 1.4395

Stop 1.4350
Target 1.4450

Lets see what happens next
nice call..
Verily, in every difficulties there is relief
  • #230,198
  • Jun 7, 2010 2:34am Jun 7, 2010 2:34am
Quoting DubaiFX
I bought GBPUSD at 1.4395

Stop 1.4350
Target 1.4450

Lets see what happens next

Good trade, get out asap
  • #230,199
  • Jun 7, 2010 2:34am Jun 7, 2010 2:34am
Quoting DubaiFX
I bought GBPUSD at 1.4395

Stop 1.4350
Target 1.4450

Lets see what happens next
Cool bro.. congrats.. what was your reasons to buy at that price?
  • #230,200
  • Jun 7, 2010 2:43am Jun 7, 2010 2:43am
Quoting Naseri13
GBP/USD: SELL
Any rally is an opportunity to “sell”. The move through 1.4540 sets the market up to at least play through a range reversal and test the lower 1.4000’s. It could turn into a trend continuation, and go through 1.4000 on the way towards 1.3800’s. The longer-term view remains bearish. Target initially 1.4250-60 region, then 1.4100-10, then watch the 1.4000’s carefully.

Well Lets See i maybe Wrong Bro
But i trade what my Tech Says

Don't compare your Trades with Others
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