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Cable Update (GBPUSD)

  • #278,921
  • May 11, 2011 9:59am May 11, 2011 9:59am
Are we at the daily PP?
Gone to a better place
  • #278,922
  • May 11, 2011 10:06am May 11, 2011 10:06am
This guy will probably break down to 1.61XX... What a pair...
  • #278,923
  • May 11, 2011 10:12am May 11, 2011 10:12am
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 10:14am May 11, 2011 10:14am
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 10:19am May 11, 2011 10:19am
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 10:23am May 11, 2011 10:23am
Dow is posting -1% and Dow futures well down. = Strong dollar.
Gone to a better place
  • #278,927
  • May 11, 2011 10:26am May 11, 2011 10:26am
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 10:29am May 11, 2011 10:29am
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 10:37am May 11, 2011 10:37am
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 10:38am May 11, 2011 10:38am
I did it again, that is it for now, possible entry in 2-3hrs time
  • #278,931
  • May 11, 2011 10:55am May 11, 2011 10:55am
Look at 30M MACD, more down move to come...
  • #278,932
  • May 11, 2011 10:55am May 11, 2011 10:55am
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 11:03am May 11, 2011 11:03am
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 11:30am May 11, 2011 11:30am
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 11:40am May 11, 2011 11:40am
You missed it all. The whole world has changed.
Gone to a better place
  • #278,936
  • May 11, 2011 11:42am May 11, 2011 11:42am
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 11:43am May 11, 2011 11:43am
Anyone have first hand experience of FXCM?

If so, what's your view?
Dan TheMan
  • #278,938
  • May 11, 2011 11:43am May 11, 2011 11:43am
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 11:45am May 11, 2011 11:45am
End of QE2, Dollar revenge is sweet.
Enter Signature
  • #278,940
  • May 11, 2011 11:49am May 11, 2011 11:49am
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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