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Cable Update (GBPUSD)

  • #233,121
  • Jun 23, 2010 2:12am Jun 23, 2010 2:12am
Quoting malcolmb14
We already know that rates are going to stay low for a long period to come .... rates remain same No surprise market as normal , in fact this may cause stock market to drop and be good for usd as bonds / usd are safe haven when money comes out of equities.

rumblings of rate hike or even slightest bullish mention in minuted usd rips up ....

really is a win win situation for usd if you ask me.
from your post i assume that this week is 'bearish' for you sir ? is that right?
if so than could you explain why yesterday there is 100 pips moving in 1 hour? is that blind money who buy GBP??
I will be the number one Manager.
  • #233,122
  • Jun 23, 2010 2:15am Jun 23, 2010 2:15am
I m seeing big rejection at 4855-60 level in GU. Sellers in control ? waiting for reversal here. You definitely dont wanna seee that kind of pin on 5m chart when you are long ...current candle
  • #233,123
  • Jun 23, 2010 2:15am Jun 23, 2010 2:15am
Quoting malcolmb14
Loads bulls ...did the current buyers even look where R is at ? just a question .... it is 20 pip above us and until this is broken out from longs are much higher risk then normal

In fact I see gu heading down to 4700 but am waitng for confimration of reversal
could we see a sell at 1.4887 with t/p at 1.4408 or mabe a sell at 1.4715 with t/p at 1.4580, hell i mabe it's longs all the way. we have to wait and find out
  • #233,124
  • Jun 23, 2010 2:16am Jun 23, 2010 2:16am
60 min buying climax in us that has not been broken to upside and the bear div in rsx tells me Gu up move is tired and will not be sustained..

cheeky sell here 1.4851

Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 42 KB
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  • #233,125
  • Jun 23, 2010 2:18am Jun 23, 2010 2:18am
Quoting javapips
from your post i assume that this week is 'bearish' for you sir ? is that right?
if so than could you explain why yesterday there is 100 pips moving in 1 hour? is that blind money who buy GBP??
I am not a weekly player ... gu seems in range .... 1.4690 to 1.4850 / 1/4920

we are close to top of range and that ultra hihg volume up bar sent market sidewways 9 see my last post) if that was really buyers why has gu not ripped up in last 12 hours or more ?
Blogging daily now at www.volume.zone
  • #233,126
  • Jun 23, 2010 2:20am Jun 23, 2010 2:20am
fly plez
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 28 KB
Thank You
  • #233,127
  • Jun 23, 2010 2:22am Jun 23, 2010 2:22am
Quoting wormboy
fly plez

ftse 30 more points to fill gap you should be good to 1.4900 plus abit
Blogging daily now at www.volume.zone
  • #233,128
  • Jun 23, 2010 2:22am Jun 23, 2010 2:22am
Cable's next resistance lies at 4940, so don't short till then
  • #233,129
  • Jun 23, 2010 2:24am Jun 23, 2010 2:24am
I am short @ 4874
  • #233,130
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
Quoting malcolmb14
ftse 30 more points to fill gap you should be good to 1.4900 plus abit

Got 4958 before I buckle. Tho 4886 can be a spot of bother.
Thank You
  • #233,131
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
today the market is gonna separate the men from the boys. your know who's for real and who's fake. watch
  • #233,132
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
Quoting forexlion
I am short @ 4874
..same for me! cheers..
  • #233,133
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
1.4882
1.4904
1.4955
1.4982
will see for today where would she touch
GELORE
  • #233,134
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
Quoting malcolmb14
I am not a weekly player ... gu seems in range .... 1.4690 to 1.4850 / 1/4920

we are close to top of range and that ultra hihg volume up bar sent market sidewways 9 see my last post) if that was really buyers why has gu not ripped up in last 12 hours or more ?

well, i don't know either, all i know that was a big move, so i just follow. my target for long is 1.5050 (if break 1.49xx).
I will be the number one Manager.
  • #233,135
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
Quoting forexlion
I am short @ 4874
well i am short at 1.4940 ...
Blogging daily now at www.volume.zone
  • #233,136
  • Jun 23, 2010 2:26am Jun 23, 2010 2:26am
Quoting malcolmb14
ftse 30 more points to fill gap you should be good to 1.4900 plus abit
I'm newer to cable. What's the correlation between ftse and cable if any?
Only expectation matters . . .
  • #233,137
  • Jun 23, 2010 2:28am Jun 23, 2010 2:28am
Quoting javapips
from your post i assume that this week is 'bearish' for you sir ? is that right?
if so than could you explain why yesterday there is 100 pips moving in 1 hour? is that blind money who buy GBP??
Good Morning Javapips,

the sharp upmove from yesterday had also fundamental reason.
Market honored the annual UK budget release.
Good trading to you
  • #233,138
  • Jun 23, 2010 2:29am Jun 23, 2010 2:29am
Quoting malcolmb14
ftse 30 more points to fill gap you should be good to 1.4900 plus abit
  • #233,139
  • Jun 23, 2010 2:29am Jun 23, 2010 2:29am
Quoting musani
1.4882
1.4904
1.4955
1.4982
will see for today where would she touch
she touches me everywhere
  • #233,140
  • Jun 23, 2010 2:34am Jun 23, 2010 2:34am
well 1 hour cable has the same pattern as friday and monday top

run up fast then crash bad
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