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Cable Update (GBPUSD)

  • #164,921
  • Sep 11, 2009 2:34am Sep 11, 2009 2:34am
Quoting wormboy
Hi gainmoney.

Looks like your in quite a fix. The right thing to do is of course to close the trade. Then again, it depends on your position sizing. Presumably you had short @6506 with a 300 pips stop risking a mere 0.5% of your equity in the trade I don't think you should be sweating it. But, I suspect you have risked way more than that. As I mentioned earlier, 6750 level is where I draw the line & if price attempt to get any higher than that it won't be good for sellers. So far 6750 looks to be holding and if price stays this way it does look...
On the same page with WB. I got stuck with short under .6450 before, then price climbed up to nearly .6600. I was panic and decided to keep in hope of a retracement to 6550 to cut loss. My decision worked. I out nearly .6550 . Understanding PA not profitable but minimize loss too. . Now I am short for retracement to .6650. SL .6750. In the recent past, .6744 was turning reaction many times. .6750 -> .7040 just kept within one week. I might be wrong.
  • #164,922
  • Sep 11, 2009 2:39am Sep 11, 2009 2:39am
i will never understand why people just not follow the trend...
  • #164,923
  • Sep 11, 2009 2:40am Sep 11, 2009 2:40am
So will the Weekly decsending potential resistance trend line-1st test save the bears?

http://i31.tinypic.com/118oaaf.gif
ex member
  • #164,924
  • Sep 11, 2009 2:44am Sep 11, 2009 2:44am
Quoting Yngwie
Nice.. i think 6811
Buy@6700 SL@6648 TP@6810
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #164,925
  • Sep 11, 2009 2:48am Sep 11, 2009 2:48am
Price is currently @ 55% of it's average 20day range and 65% of it's average 52 week range so plenty of scope for movemnent today in that respect. Currently 47% of average 12month range.

Uk data at 0830am gmt

G/L
ex member
  • #164,926
  • Sep 11, 2009 2:49am Sep 11, 2009 2:49am
Quoting Gainmoney
Navin,

If and only if your chart applies, I will treat you nice meals!!!

By the way by just looking at ur chart, IT MADE MY DAY!!! =) at least I am not alone shorting this cable....

Do anyone here knows any terrorist who might wanna suicide bomb at BOEEEEEE hehehehe.....

theres a chance..
  • #164,927
  • Sep 11, 2009 2:51am Sep 11, 2009 2:51am
Quoting bbmac
Price is currently @ 55% of it's average 20day range and 65% of it's average 52 week range so plenty of scope for movemnent today in that respect. Currently 47% of average 12month range.

Uk data at 0830am gmt

G/L

could we see by NY market open for full charge bull to reach 6890??
  • #164,928
  • Sep 11, 2009 2:55am Sep 11, 2009 2:55am
Quoting Yngwie
Buy@6700 SL@6648 TP@6810
Have you considered placing your stop under the last swing low providing you the comfort of the potential rbs at y/day's hi and the obvious previous imbalance of demand/supply at that swing low. I understand you want a good r;r ratio but for the sake of 10-15 more pips stop you have a double protection and a couple of fibs at 6641 also as shown on pic below

Just a thought.

(fibs, yellow 6320, orange 6453-, grey 6480- and green 6641 - 6740)

http://i30.tinypic.com/2ccrw48.gif
ex member
  • #164,929
  • Sep 11, 2009 2:57am Sep 11, 2009 2:57am
i certainly hope it will hit 6650 area...i have had enough milking off the 6700 - 6730/40 range so many times today alrdy...
  • #164,930
  • Sep 11, 2009 3:02am Sep 11, 2009 3:02am
i see short... in short time...
  • #164,931
  • Sep 11, 2009 3:08am Sep 11, 2009 3:08am
hello
at H1 we have a RD
and i am in a short position and was sold at 1.6717

Best Regards
  • #164,932
  • Sep 11, 2009 3:22am Sep 11, 2009 3:22am
Quoting nAVIN2007
we still rolling, gotta love it!!!!hehe
cable might fall from here.....just maybe
Nav, here comes the boom
Hope you held them shorts bro. I am so getting paid lol.
1. http://www.forexfactory.com/showpost...postcount=2901
2. http://www.forexfactory.com/showpost...postcount=2902
Thank You
  • #164,933
  • Sep 11, 2009 3:28am Sep 11, 2009 3:28am
6740 current intraday hi saw reversal set-ups to 1hr chart (oscillator divergence and band deviation based) the 1hr is shown below with the bearish divergence in all 3 oscillators, note too how the 10/20bol came inside the 40 and 60 indicating that short term volatility was now less than longer term on that t/f...at that H

the potential RBS around yesterday's hi has been breeched by the selling to the downside now...the pullback lows from yesterdays high around 6640 are still intact, correct at time of writing.

Uk data imminent

G/L

http://i25.tinypic.com/14cgw3a.gif
ex member
  • #164,934
  • Sep 11, 2009 3:28am Sep 11, 2009 3:28am
Quoting wormboy
Nav, here comes the boom
Hope you held them shorts bro. I am so getting paid lol.
1. http://www.forexfactory.com/showpost...postcount=2901
2. http://www.forexfactory.com/showpost...postcount=2902
Really lurf it when you say short bro!!! Hope the green pips stay with you always!!! GO GO GO ride the bear!http://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon14.gif two thumbs up
  • #164,935
  • Sep 11, 2009 3:34am Sep 11, 2009 3:34am
Quoting Gainmoney
Really lurf it when you say short bro!!! Hope the green pips stay with you always!!! GO GO GO ride the bear!http://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon14.gif two thumbs up

I'm flat cable since I got stopped out. Only trading dragon atm.

Btw 6750 level & bearish engulfing mentioned earlier playing out so far. And price bounced 4 pips off the 6650 support also mentioned earlier. Did you cut your loss there?
Thank You
  • #164,936
  • Sep 11, 2009 3:39am Sep 11, 2009 3:39am
Quoting wormboy

I'm flat cable since I got stopped out. Only trading dragon atm.

Btw 6750 level & bearish engulfing mentioned earlier playing out so far. And price bounced 4 pips off the 6650 support also mentioned earlier. Did you cut your loss there?
I havent bro..i still think it will fill up the gap of yesterdays bounce ...Or am I wrong? I still have the same thinking like navins. How leh...u got any YM or msn?
  • #164,937
  • Sep 11, 2009 3:44am Sep 11, 2009 3:44am
Hey guys,

Yesterdays post....

http://www.forexfactory.com/showpost...stcount=164687

Todays move..... Love it when a plan come together
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 104 KB
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #164,938
  • Sep 11, 2009 3:51am Sep 11, 2009 3:51am
Quoting Gainmoney
I havent bro..i still think it will fill up the gap of yesterdays bounce ...Or am I wrong? I still have the same thinking like navins. How leh...u got any YM or msn?
Erm I don't know. Like I said earlier, we might test 6565 level. But 6650 was almost a certainty for you to cut your losses earlier.
I'm on skype.
Thank You
  • #164,939
  • Sep 11, 2009 3:52am Sep 11, 2009 3:52am
Quoting Bull_Bear
Hey guys,

Yesterdays post....

http://www.forexfactory.com/showpost...stcount=164687

Todays move..... Love it when a plan come together
Dragon just opened a can of whoopass. Hope you were not long bro
Thank You
  • #164,940
  • Sep 11, 2009 3:52am Sep 11, 2009 3:52am
Price remains well above the monthly and weekly pivots and opened above the daily pivot which is around 6606.

4hr is just a succession of HH and HL in this uptrend so far. Asian/overnight session was bullish and london immediately sold at the weekly decsnending potential trend line referred to by traders in the posts above.
ex member
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