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Cable Update (GBPUSD)

  • #232,781
  • Jun 22, 2010 12:38am Jun 22, 2010 12:38am
Quoting crak0
Broke out lower from the wedge... Wasn't expecting it so soon, but good for my short none the less.

Budget news tonight will be the highlight tonight... wouldn't be surprised for some volatility during the budget until a final direction is decided upon after the budget...

Exiting my short pending close back into the wedge...
ok crak http://img80.imageshack.us/img80/8519/cracke.jpg
  • #232,782
  • Jun 22, 2010 12:47am Jun 22, 2010 12:47am
Quoting forexlion
ok crak http://img80.imageshack.us/img80/8519/cracke.jpg

The '0' in my alias represents my bank balance
  • #232,783
  • Jun 22, 2010 1:25am Jun 22, 2010 1:25am
http://img9.imageshack.us/img9/4449/96406123.gif
  • #232,784
  • Jun 22, 2010 1:31am Jun 22, 2010 1:31am
which one is the strongest resistance?
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Verily, in every difficulties there is relief
  • #232,785
  • Jun 22, 2010 1:38am Jun 22, 2010 1:38am
800 is the strongest. But no time to go up and then come down. Sterling in weak , not enough power to test resistance. we should just continue down if 4720 breaks
  • #232,786
  • Jun 22, 2010 1:38am Jun 22, 2010 1:38am
.
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Follow the rules and be successful.
  • #232,787
  • Jun 22, 2010 1:46am Jun 22, 2010 1:46am
Quoting primzvicious
which one is the strongest resistance?

i pick the 50% fibo..,(if any)
have many short from yesterday, i though it would retrace last night but it's not, this move looks so strange for me..., maybe she wait for the news..,who knows..

will close half if this 1 hours candle make doji or something like that.


semoga sukses kang.
I will be the number one Manager.
  • #232,788
  • Jun 22, 2010 1:51am Jun 22, 2010 1:51am
Quoting javapips
i pick the 50% fibo..,(if any) night but it's not, this move looks so strange for me..., maybe she wait for the news..,who knows..

will close half if this 1 hours candle make doji or something like that.


semoga sukses kang.

so did i.... i go long on 760ish and only got BE...
hopefully today we got correction first


PS : @ javapips : samulihna kang
Verily, in every difficulties there is relief
  • #232,789
  • Jun 22, 2010 2:05am Jun 22, 2010 2:05am
I am short GU and wondering what effect this emergency budget will have. Think it was the FT that said it was biggest in a generation.

On bloomberg they were talking about how capital gains tax might go from around 13% to 40 or 50%.......holy crap.
Only expectation matters . . .
  • #232,790
  • Jun 22, 2010 2:14am Jun 22, 2010 2:14am
I'm still holding my long gbp/usd but really hating it. The overall trend is down and strong pressure is to the downside. I took this trade looking for the price to retrace while making some nice pips, then re-entry to a short trade for price continuation. It broke below 200ema but still above 365ema. At this point I am still holding long on gbp/usd and also took a long on eur/usd which has been in profit but didn't hit my target yet.
  • #232,791
  • Jun 22, 2010 2:29am Jun 22, 2010 2:29am
Quoting primzvicious
which one is the strongest resistance?
closed +40

id better looking short entry
Verily, in every difficulties there is relief
  • #232,792
  • Jun 22, 2010 2:48am Jun 22, 2010 2:48am
Cable's breach of 1.4738 signals decline fm y'day's high of 1.4936 to retrace recent erratic upmove fm 1.4228has once again resumed n further
weakness to 1.4682/90 is likely, however, o/sold condition shud limit fall to 1.4646 sup.


Sell on recovery with stop as indicated n only abv 1.4797 wud signal a low is made.

Range Forecast
1.4750 / 1.4790

Resistance/Support
R: 1.4808/1.4857/1.4888
S: 1.4719/1.4682/1.4646
A little beginner trader since 2006
  • #232,793
  • Jun 22, 2010 2:52am Jun 22, 2010 2:52am
It wasn`t easy you know.

Closed +23
not too bad.



QUOTE=primzvicius;3819514]closed +40

id better looking short entry[/quote]
  • #232,794
  • Jun 22, 2010 2:53am Jun 22, 2010 2:53am
Hey AMS,

Did you ever find your forex options? Think I may have one more site as well if you need.

C.
  • #232,795
  • Jun 22, 2010 2:57am Jun 22, 2010 2:57am
http://askafo.com/apic/2262010gu-46f54n6f54n.PNG

I was waiting for down trend from Friday that Its seeems that start now !~ My forcast tell me its downtrend and a small up in the chart
I see this points for today.
A little beginner trader since 2006
  • #232,796
  • Jun 22, 2010 3:00am Jun 22, 2010 3:00am
Quoting mcmartins
It wasn`t easy you know.

Closed +23
not too bad.


Quoting primzvicious
closed +40

id better looking short entry
at least it was a green...
if we dont created new low now we might see a test to 800
Verily, in every difficulties there is relief
  • #232,797
  • Jun 22, 2010 3:13am Jun 22, 2010 3:13am
Quoting Forextrader4
I'm still holding my long gbp/usd but really hating it. .
Also holding long
  • #232,798
  • Jun 22, 2010 3:27am Jun 22, 2010 3:27am
tank plez
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Thank You
  • #232,799
  • Jun 22, 2010 3:33am Jun 22, 2010 3:33am
Quoting wormboy
tank plez
yeeeeee
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Thank You
  • #232,800
  • Jun 22, 2010 3:37am Jun 22, 2010 3:37am
Quoting primzvicious
if we dont created new low now we might see a test to 800
else


Quoting wormboy
yeeeeee
seems we gonna tank
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Verily, in every difficulties there is relief
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