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Cable Update (GBPUSD)

  • #274,501
  • Mar 22, 2011 3:24am Mar 22, 2011 3:24am
1.6340 will be touched and then 1.6360
we haves as well pending to get this
  • #274,502
  • Mar 22, 2011 3:25am Mar 22, 2011 3:25am
Quoting chazzle
morning all - short 16320 SL 16340 TP 16255
SL hit
  • #274,503
  • Mar 22, 2011 3:27am Mar 22, 2011 3:27am
) too late 30 sec later it touched it )

now aitihng the 1.6360

I recon the max should stop at 1.6390
  • #274,504
  • Mar 22, 2011 3:32am Mar 22, 2011 3:32am
if we brake the 1.6360 and 1.6390 we will have 1.6464 but I reckon 1.6390 will hold and bring a retrace if not sooner
  • #274,505
  • Mar 22, 2011 3:41am Mar 22, 2011 3:41am
Quoting _BBKing_
looks like price is very interested to trigger stops >6340

CPI in 1 hour n actually very near resistance.
I shorted 6330 but very small position

lolz
90% of traders use TA, indicators and prediction
  • #274,506
  • Mar 22, 2011 3:44am Mar 22, 2011 3:44am
Quoting redbeben
if we brake the 1.6360 and 1.6390 we will have 1.6464 but I reckon 1.6390 will hold and bring a retrace if not sooner
I think it will go beyond 1.64 and on friday huge short covering will bring it down. and USD$ will rise from next month
  • #274,507
  • Mar 22, 2011 3:48am Mar 22, 2011 3:48am
Quoting mdrive
I think it will go beyond 1.64 and on friday huge short covering will bring it down. and USD$ will rise from next month
the stochs and rsi show an overbought but we are expecting news and we are expecting hike rate.....'till may or in may or whatever.
i guess we will just bounce around those levels and not brake the major ones like 1.64

It would be too soon for that in my opinion.
a 2-300 pips down is more reliable at this moment.
anyway for now my longs have a TP of 1.67
  • #274,508
  • Mar 22, 2011 4:05am Mar 22, 2011 4:05am
GU going up up....
  • #274,509
  • Mar 22, 2011 4:20am Mar 22, 2011 4:20am
small retrace now

or we can wait for the news
  • #274,510
  • Mar 22, 2011 4:25am Mar 22, 2011 4:25am
closed my positions at a small profit waiting for the news
  • #274,511
  • Mar 22, 2011 4:36am Mar 22, 2011 4:36am
Quoting redbeben
) too late 30 sec later it touched it )

now aitihng the 1.6360

I recon the max should stop at 1.6390
waiting the 1.6390 or the retrace
  • #274,512
  • Mar 22, 2011 4:59am Mar 22, 2011 4:59am
So then , UK CPI up more than expected again - possibly fuelling speculation of an interest rate hike sooner rather than later, meaning sterling held assets will give better returns and therefore increase demand for the pound , or something like that

be careful of sharks tho
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  • #274,513
  • Mar 22, 2011 5:04am Mar 22, 2011 5:04am
Quoting mdrive
I think it will go beyond 1.64 and on friday huge short covering will bring it down. and USD$ will rise from next month
if you cover a short its the same as a buy , sending the price up , not down
  • #274,514
  • Mar 22, 2011 5:05am Mar 22, 2011 5:05am
Quoting redbeben
waiting the 1.6390 or the retrace
don't be surprised to see 410
  • #274,515
  • Mar 22, 2011 5:06am Mar 22, 2011 5:06am
G/M

just popped in to say hello.. That's the conventional wisdom isn't it...am looking at a previous weekly swing hi from 6363-6463, 76.4% of ther 7044-4229 fall is at 6363 area with 6374 monthly R1 pivot, 6402 daily R2 pivot and 6416 Weekly R2 pivot all in that previous weekly swing hi zone (previous supply = potential supply area?)

Anyways looking bullish on this pairing atm,

G/L

Quoting chazzle
So then , UK CPI up more than expected again - possibly fuelling speculation of an interest rate hike sooner rather than later, meaning sterling held assets will give better returns and therefore increase demand for the pound , or something like that

be careful of sharks tho
ex member
  • #274,516
  • Mar 22, 2011 5:10am Mar 22, 2011 5:10am
Quoting bbmac
G/M

just popped in to say hello..

Anyways looking bullish on this pairing atm,

G/L
Hi - BB , so you are long then? hope you're well
  • #274,517
  • Mar 22, 2011 5:11am Mar 22, 2011 5:11am
Quoting chazzle
don't be surprised to see 410
1.6390 is my next TP for short time
long term view is 1.67 and we'll be there this year
  • #274,518
  • Mar 22, 2011 5:16am Mar 22, 2011 5:16am
Quoting redbeben
1.6390 is my next TP for short time
long term view is 1.67 and we'll be there this year
well well
1.6390 touched already.who offers more?
  • #274,519
  • Mar 22, 2011 5:59am Mar 22, 2011 5:59am
buy rumor sell news

I followed my classic roll out of bed make coffee and put my money at risk before I could focus my eyes method.
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  • #274,520
  • Mar 22, 2011 6:06am Mar 22, 2011 6:06am
Quoting SerpentDove
buy rumor sell news

I followed my classic roll out of bed make coffee and put my money at risk before I could focus my eyes method.
good sell in my opinion

I am waiting for 1.6280-90 actually as a retrace

and still hope for my 1.6170 )))))))))
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