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Cable Update (GBPUSD)

  • #278,741
  • May 10, 2011 3:08am May 10, 2011 3:08am
Quoting _BBKing_
dude trust me , it will be bearsih all the way , although it will a bumpy ride. I'm all Short all the way. and I have gained 70 pips so far from this morning. and my position is still open
{Promotion Removed}
  • #278,742
  • May 10, 2011 3:12am May 10, 2011 3:12am
short from 6426... targeting TP1@ 6277 TP2 6044
  • #278,743
  • May 10, 2011 3:24am May 10, 2011 3:24am
Quoting Wulfgar
short from 6426... targeting TP1@ 6277 TP2 6044
Glad to hear that I am not alone in this boat going south!
  • #278,744
  • May 10, 2011 3:24am May 10, 2011 3:24am
Quoting _BBKing_
No worries, bro. I think it's still ranging for now so you'll get back your losses later .
  • #278,745
  • May 10, 2011 3:26am May 10, 2011 3:26am
Quoting solofx1
Glad to hear that I am not alone in this boat going south!
we are on the same boat. GU was down during two days, it will down again today
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  • #278,746
  • May 10, 2011 3:49am May 10, 2011 3:49am
Quoting _BBKing_
Hi king...
please don't be crazy... coz I like your analysis and posting...

It's a game... just a game ... (with money... of course)...
  • #278,747
  • May 10, 2011 4:09am May 10, 2011 4:09am
IMHO,, It will go north targeting 1.6420
Life is about choosing... Long or Short... Discipline and consistency
  • #278,748
  • May 10, 2011 4:13am May 10, 2011 4:13am
Quoting KyoOishi
IMHO,, It will go north targeting 1.6420
the 6426 area ive been playing as very strong resistance the past few days

channels around there


6426-6596 topside breakout channel
6426-6277 bottom breakout channel

6044-7078 Monthly breakout channel


we are working in these channels... right now until the 6426 gets a significant break topside i will continue to short at a reversal signal from there
  • #278,749
  • May 10, 2011 4:33am May 10, 2011 4:33am
Quoting Wulfgar
the 6426 area ive been playing as very strong resistance the past few days

channels around there


6426-6596 topside breakout channel
6426-6277 bottom breakout channel

6044-7078 Monthly breakout channel


we are working in these channels... right now until the 6426 gets a significant break topside i will continue to short at a reversal signal from there
I don't agree... all my indicator go down...
only news from US that will make it up, if bad news appear.

Waiting de ja vu like yesterday at 6280 ... already sell from 6400..
  • #278,750
  • May 10, 2011 5:03am May 10, 2011 5:03am
Based on my judgement Bear will control the game for sure

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  • #278,751
  • May 10, 2011 5:24am May 10, 2011 5:24am
Beware guys, this market is still ranging to me. I will close my position if it's still like this before news and NY.
  • #278,752
  • May 10, 2011 5:28am May 10, 2011 5:28am
the low for today has probably been placed during the Asian / European session gap time

looks like consolidation before next leg up to me, playing both sides of the edges 1.6270 - 1.6570 remains in favour according to my charts
  • #278,753
  • May 10, 2011 5:37am May 10, 2011 5:37am
greetings all , my firts post in thread.
i just like to share my opinions sometimes ,
about the gbp/usd trends. can i please ?
the best indicator is trader's knowledge , experience and dicipline.
  • #278,754
  • May 10, 2011 5:49am May 10, 2011 5:49am
Quoting _BBKing_
wow...what was happen mate ?!.....
  • #278,755
  • May 10, 2011 5:57am May 10, 2011 5:57am
Hi all,
Isuggest buying BGPUSD @ market price, it has just hit the lower extreme of a demand channel. SL of 75pips would suffice with TP @ 1.6458
See chart attached.
Happy trading!
Meshach
Attached Image (click to enlarge)
Click to Enlarge Name: ttb.gif Size: 19 KB
  • #278,756
  • May 10, 2011 6:05am May 10, 2011 6:05am
Quoting forexcompoun
Hi all,
Isuggest buying BGPUSD @ market price, it has just hit the lower extreme of a demand channel. SL of 75pips would suffice with TP @ 1.6458
See chart attached.
Happy trading!
Meshach

Yes I am thinking the same that we can push back up from here
  • #278,757
  • May 10, 2011 6:09am May 10, 2011 6:09am
Quoting fx-season
greetings all , my firts post in thread.
i just like to share my opinions sometimes ,
about the gbp/usd trends. can i please ?
You're welcome. Helps if you can post a chart with your opinion.
Gone to a better place
  • #278,758
  • May 10, 2011 6:46am May 10, 2011 6:46am
let's wait and see if US session brings some positivity for sterling as well

EUR, CAD and AUD are all better performers so far
  • #278,759
  • May 10, 2011 6:48am May 10, 2011 6:48am
hi this is my first post. i am a regular visitor of this forum for a year. i like to share my views too regards the cable.
  • #278,760
  • May 10, 2011 6:53am May 10, 2011 6:53am
http://forex-grashid.blogspot.com/20...-may-2011.html
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