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Cable Update (GBPUSD)

  • #278,921
  • May 11, 2011 11:59am May 11, 2011 11:59am
Are we at the daily PP?
Gone to a better place
  • #278,922
  • May 11, 2011 12:06pm May 11, 2011 12:06pm
This guy will probably break down to 1.61XX... What a pair...
  • #278,923
  • May 11, 2011 12:12pm May 11, 2011 12:12pm
Quoting smikester
Are we at the daily PP?
Around 1.635 is the daily PP so some support here


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  • #278,924
  • May 11, 2011 12:14pm May 11, 2011 12:14pm
Im going long from 1.6366, target 1.6500. Im surprised that 1.6500 was breached today.

Regards
Steve
Enter Signature
  • #278,925
  • May 11, 2011 12:19pm May 11, 2011 12:19pm
Quoting Mrgreener
Im going long from 1.6366, target 1.6500. Im surprised that 1.6500 was breached today.

Regards
Steve
Now ? good luck bro, I think that it will still break DL and probably even 6300 before we consider another up move. Probably Bulls have been tricked and fried during the previous up movement.
  • #278,926
  • May 11, 2011 12:23pm May 11, 2011 12:23pm
Dow is posting -1% and Dow futures well down. = Strong dollar.
Gone to a better place
  • #278,927
  • May 11, 2011 12:26pm May 11, 2011 12:26pm
Yes I have gone in now, but will monitor it obviously, seems to follow a similar pattern to yesterday.

Seems to be bouncing along nicely at 6350 support, I could be wrong though.
Enter Signature
  • #278,928
  • May 11, 2011 12:29pm May 11, 2011 12:29pm
Quoting 0rPhioZ
Now ? good luck bro, I think that it will still break DL and probably even 6300 before we consider another up move. Probably Bulls have been tricked and fried during the previous up movement.
Agree, next TP 1.6310
  • #278,929
  • May 11, 2011 12:37pm May 11, 2011 12:37pm
a 400 pips buffet, 200 pips bulls buffet, and now another 200 pips bear buffet. This is madness my friends...
  • #278,930
  • May 11, 2011 12:38pm May 11, 2011 12:38pm
I did it again, that is it for now, possible entry in 2-3hrs time
  • #278,931
  • May 11, 2011 12:55pm May 11, 2011 12:55pm
Look at 30M MACD, more down move to come...
  • #278,932
  • May 11, 2011 12:55pm May 11, 2011 12:55pm
Quoting Mrgreener
Yes I have gone in now, but will monitor it obviously, seems to follow a similar pattern to yesterday.

Seems to be bouncing along nicely at 6350 support, I could be wrong though.
Hope that you don't get hurt. I think if it manages to break 6315 it will proceed lower. There's no stopping this bulls massacre .
  • #278,933
  • May 11, 2011 1:03pm May 11, 2011 1:03pm
I got out of that long, wish I was here earlier to catch the bearish train.

Huge pip swings today
Enter Signature
  • #278,934
  • May 11, 2011 1:30pm May 11, 2011 1:30pm
ok ok
i left my pc before NY session
gbp was 1.65
euro was 1.43
oil was around 102

what has happened?
90% of traders use TA, indicators and prediction
  • #278,935
  • May 11, 2011 1:40pm May 11, 2011 1:40pm
You missed it all. The whole world has changed.
Gone to a better place
  • #278,936
  • May 11, 2011 1:42pm May 11, 2011 1:42pm
Quoting _BBKing_
ok ok
i left my pc before NY session
gbp was 1.65
euro was 1.43
oil was around 102

what has happened?
After 200 bulls buffet, we just had 200++ bears buffet. Apparently, I'd say that up move was a bulls trap.
  • #278,937
  • May 11, 2011 1:43pm May 11, 2011 1:43pm
Anyone have first hand experience of FXCM?

If so, what's your view?
Dan TheMan
  • #278,938
  • May 11, 2011 1:43pm May 11, 2011 1:43pm
Quoting smikester
You missed it all. The whole world has changed.
never a dull moment..do u think trend has changed on usd..lol
any idea why usd gaining so much this afternoon..?
  • #278,939
  • May 11, 2011 1:45pm May 11, 2011 1:45pm
End of QE2, Dollar revenge is sweet.
Enter Signature
  • #278,940
  • May 11, 2011 1:49pm May 11, 2011 1:49pm
Quoting nAVIN2007
never a dull moment..do u think trend has changed on usd..lol
any idea why usd gaining so much this afternoon..?
They have killed the bulls by going up to 6518?
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