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Cable Update (GBPUSD)

  • #343,301
  • Jun 25, 2013 8:24am Jun 25, 2013 8:24am
Hi all,

Somebody thinking about selling GBPCHF?
  • #343,302
  • Jun 25, 2013 9:27am Jun 25, 2013 9:27am
took a short at 1.5441 and got charged nearly 20 pips for the spread from my broker. out with -0.9 peep nice
  • #343,303
  • Jun 25, 2013 9:28am Jun 25, 2013 9:28am
GU should rise, with all this positive news for dollar still no real down-movement, bullisch bias
Don’t ever let someone tell you that you can’t do something.
  • #343,304
  • Jun 25, 2013 9:34am Jun 25, 2013 9:34am
Quoting Armacom
GU should rise, with all this positive news for dollar still no real down-movement, bullisch bias
positive new for the dollor mens that the dollor gets stronger agains the pound gbp against USD gbpusd so berish I think. Thats the way I understood it
  • #343,305
  • Jun 25, 2013 9:35am Jun 25, 2013 9:35am
Quoting Armacom
GU should rise, with all this positive news for dollar still no real down-movement, bullisch bias
Sory did not read your statment correctly. My Bad. Please ignore my last comment everyone please. Just pissed at what just happened to me.
  • #343,306
  • Edited 10:06am Jun 25, 2013 9:42am | Edited 10:06am
Consumer confidence and US house prices drove my long trade back towards entry level of 153.90--although still positive at this writing (154.13--1039 AM ESDST)--discretion being the better part of valor Iwill stop this if weekly range is broken on low side --153.40 or TP at 154.80 if hit--EB
  • #343,307
  • Jun 25, 2013 9:55am Jun 25, 2013 9:55am
Seems too me that bears are getting tired
Don’t ever let someone tell you that you can’t do something.
  • #343,308
  • Jun 25, 2013 10:12am Jun 25, 2013 10:12am
Quoting ForexRatVN
{quote} Not sure when you bought @ this level. 15424 is lowest level on my chart

stopped out , looking to re enter same parameters.
  • #343,309
  • Jun 25, 2013 12:18pm Jun 25, 2013 12:18pm
I think the best level to long is 5200 and to short 5500, but maybe too late for shortings cause 5480 is maximum. Now we will go down to 5200 this week.

Then I recomend u too long together with me and many others 5200 level and take very good profit in 5800.

If you read charts i will not tell u why 5200 is the last low price for this year. u think a little more.

5200 is the last low this year !!!

By the end of july 5800, end of summer 6150
  • #343,310
  • Jun 25, 2013 12:32pm Jun 25, 2013 12:32pm
this is not looking good
  • #343,311
  • Jun 25, 2013 12:42pm Jun 25, 2013 12:42pm
Quoting nAVIN2007
this is not looking good
Hi Navin, I read that you had expected to see a bullish sterling but it failed. Do you agree with my analysis?

Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 165 KB
  • #343,312
  • Jun 25, 2013 12:43pm Jun 25, 2013 12:43pm
Quoting nAVIN2007
this is not looking good
That is why I ask you if you are not concern that equities, commodities and bonds have been sold recently and all that profit will end up in $ this is my stance for the next Q and key play in the making.
Lets see were we end this week, there will be more things to consider,
I personally have short from 5455 but sold few from 5594 and cashed that profit not far from my current position.
swing it!
  • #343,313
  • Jun 25, 2013 12:44pm Jun 25, 2013 12:44pm
Quoting Trader88q
I think the best level to long is 5200 and to short 5500, but maybe too late for shortings cause 5480 is maximum. Now we will go down to 5200 this week. Then I recomend u too long together with me and many others 5200 level and take very good profit in 5800. If you read charts i will not tell u why 5200 is the last low price for this year. u think a little more. 5200 is the last low this year !!! By the end of july 5800, end of summer 6150
If it goes down to 152, it will target to touch 145.
  • #343,314
  • Jun 25, 2013 12:56pm Jun 25, 2013 12:56pm
See attached chart of the Daily GBP/USD:
Found resistance at 50 Fib level. I started opening longs when I saw that consolidation. Target 1,58

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: GBPDAILY.jpg Size: 143 KB
Don’t ever let someone tell you that you can’t do something.
  • #343,315
  • Jun 25, 2013 2:02pm Jun 25, 2013 2:02pm
Quoting Armacom
See attached chart of the Daily GBP/USD: Found resistance at 50 Fib level. I started opening longs when I saw that consolidation. Target 1,58 Happy trading {image}
Target 158 but When? First, it will go down lower and lower.
  • #343,316
  • Jun 25, 2013 2:21pm Jun 25, 2013 2:21pm
Quoting Maso
{quote} Target 158 but When? First, it will go down lower and lower.
10:30am
GBP

BOE Gov King Speaks tomorrow. when Mr king speaks with double negatives the pound usualy suffers. Im short with you.

Also USD GDP expected to be the same so more bears will get in and push it lower
  • #343,317
  • Jun 25, 2013 2:46pm Jun 25, 2013 2:46pm
Quoting Trader88q
I think the best level to long is 5200 and to short 5500, but maybe too late for shortings cause 5480 is maximum. Now we will go down to 5200 this week. Then I recomend u too long together with me and many others 5200 level and take very good profit in 5800. If you read charts i will not tell u why 5200 is the last low price for this year. u think a little more. 5200 is the last low this year !!! By the end of july 5800, end of summer 6150
I DONT THINK SOOOO!!!
  • #343,318
  • Jun 25, 2013 3:01pm Jun 25, 2013 3:01pm
Quoting Trader88q
I think the best level to long is 5200 and to short 5500, but maybe too late for shortings cause 5480 is maximum. Now we will go down to 5200 this week. Then I recomend u too long together with me and many others 5200 level and take very good profit in 5800. If you read charts i will not tell u why 5200 is the last low price for this year. u think a little more. 5200 is the last low this year !!! By the end of july 5800, end of summer 6150

There was a low of 1.4831 on the 12th March this year. But short 1.5500 sounds good to add to my posission short right at the weekly central pivot
  • #343,319
  • Jun 25, 2013 3:41pm Jun 25, 2013 3:41pm
Continue to hold long entered at weeks opening price of 1.5390 wth stop below weeks low at 1.5340 and TP , if hit , at 1.5480---At this juncture cable looks higher for day tomorrow starting 6/25 0000 GMT (according to sequential pattern recognition)--Will confirm later tonite prior to opening with expectation of movng TP upto 1.5525----------EB
  • #343,320
  • Jun 25, 2013 5:30pm Jun 25, 2013 5:30pm
Quoting Trader88q
I think the best level to long is 5200 and to short 5500, but maybe too late for shortings cause 5480 is maximum. Now we will go down to 5200 this week. Then I recomend u too long together with me and many others 5200 level and take very good profit in 5800. If you read charts i will not tell u why 5200 is the last low price for this year. u think a little more. 5200 is the last low this year !!! By the end of july 5800, end of summer 6150
I'm tending to agree with this.
Seems like a logical support area on monthly, weekly, daily.
If we nest down there this week I have the same overall view.
Come with me if you want to live....
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