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Cable Update (GBPUSD)

  • #278,661
  • May 9, 2011 7:59am May 9, 2011 7:59am
Apologies to all. connection is going in and out. i live under a mountain and we have an electric storm.
All systems of divination, like music itself,work through patterns.
  • #278,662
  • May 9, 2011 8:02am May 9, 2011 8:02am
Quoting redbeben
we just broke H1 TL
if ww close this hour under 1.6350 then we will see 1.6290 today
and we closed well below 1.6350
  • #278,663
  • May 9, 2011 8:04am May 9, 2011 8:04am
pullback first to TL meaning 1.6350-60
then down again
price oversold now anyway
  • #278,664
  • May 9, 2011 8:04am May 9, 2011 8:04am
RedB - what do you think on EUR, more down today or that is it?
it did broke the pivot going up earlier but went down, so going for S1 ?
  • #278,665
  • May 9, 2011 8:13am May 9, 2011 8:13am
Hi all. I can see the dollar on the up. This is the calm before the storm
  • #278,666
  • May 9, 2011 8:15am May 9, 2011 8:15am
Quoting wiz001
Hi all. I can see the dollar on the up. This is the calm before the storm
you mean GBP/USD going down then............
  • #278,667
  • May 9, 2011 8:20am May 9, 2011 8:20am
Quoting sphinx8
you mean GBP/USD going down then............
I hope so, just entered a short position on this...
  • #278,668
  • May 9, 2011 8:22am May 9, 2011 8:22am
1.4285 area should hold for now

I mean for a pullback is ok
I am afraid this is the end of the EU

this level should hold if we consider 1.4938 as top
  • #278,669
  • May 9, 2011 8:23am May 9, 2011 8:23am
Quoting 0rPhioZ
Thank you for the indicator

gbpusd head and shoulder in the making ang shoot to 1.6190??
  • #278,670
  • May 9, 2011 8:29am May 9, 2011 8:29am
Quoting mj_xr
gbpusd head and shoulder in the making ang shoot to 1.6190??
What price do you have for GBPUSD at the moment? Your 1.6190...is that up or down from your current position?

My broker is currently showing me a price of 1.6323
  • #278,671
  • May 9, 2011 8:31am May 9, 2011 8:31am
Quoting geoffl
What price do you have for GBPUSD at the moment? Your 1.6190...is that up or down from your current position?

My broker is currently showing me a price of 1.6323

1.6320!! what do you think bro?? any comment..
  • #278,672
  • May 9, 2011 8:31am May 9, 2011 8:31am
Quoting geoffl
What price do you have for GBPUSD at the moment? Your 1.6190...is that up or down from your current position?

My broker is currently showing me a price of 1.6323
6323
Hero calls followed by margin calls...
  • #278,673
  • May 9, 2011 8:37am May 9, 2011 8:37am
Quoting mj_xr
1.6320!! what do you think bro?? any comment..
Phew! Thought my broker was ripping me off...or I had a really delayed price feed which I just made a trade on!

Also, you said "shoot" to 1.6190...I usually associate shoot with an upward price move, not down!
  • #278,674
  • May 9, 2011 8:42am May 9, 2011 8:42am
Quoting geoffl
Phew! Thought my broker was ripping me off...or I had a really delayed price feed which I just made a trade on!

Also, you said "shoot" to 1.6190...I usually associate shoot with an upward price move, not down!

ooo...just a typo error..going down..
  • #278,675
  • May 9, 2011 9:27am May 9, 2011 9:27am
Quoting redbeben
hello again
you don't convince me with that level
I want 1.6290 frankly and later 1.6245
first level touched
second to come

before or after the pullback ?
  • #278,676
  • May 9, 2011 9:30am May 9, 2011 9:30am
+50pips is home
hungry for me.....do I dare to short? uhmmmmm
  • #278,677
  • May 9, 2011 9:34am May 9, 2011 9:34am
Quoting 0rPhioZ
Short 6375, tp 6280, sl 6425 .
I closed it 6283. Don't want to be greedy. I won't open another position so see you tomorrow guys.
  • #278,678
  • May 9, 2011 9:35am May 9, 2011 9:35am
Quoting mj_xr
gbpusd head and shoulder in the making ang shoot to 1.6190??
Yes, thanks for pointing out that. But I have a technical target of about 1.6160. It could go lower but may I ask how do you get your figure?

Here is an interesting link for those interested in Euro/Sterling exposure to debt: http://blog.thomsonreuters.com/index...bank-exposure/
Gone to a better place
  • #278,679
  • Edited 9:37am May 9, 2011 9:35am | Edited 9:37am
Quoting redbeben
first level touched
second to come

before or after the pullback ?
Redbeben,
Do you mean this level touched indicate pull back or confirmation of lower target?

Please help us newbees?

What will the target be?
  • #278,680
  • May 9, 2011 9:36am May 9, 2011 9:36am
hi there
i bought in at 1.6336 does anyone think it will come back up there today?
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