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GU Analyze Today

  • #1
  • First Post: Aug 14, 2007 9:35pm Aug 14, 2007 9:35pm
Hi... all!

Wow amazing cable continue going down. I will analyze GU for today...
If wee see the chart actually today is not good for open position, but if you brave you can open position in small amount suppose 1-2% from total capital. After I analyze cable will still going down may be reach around 1.9820 you should sell if the pairs not breakthrough 2.0020 today.


My recomend: Limit sell 2.0000 SL 2.0020 and PT 1.9820 Use my analyze for your second opinion. I'm not responsibility if you get loss. Happy trading and enjoy....!

How about you guys....
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  • #2
  • Sep 1, 2007 6:26am Sep 1, 2007 6:26am
If we looking on the pair, i see the chart now is over fiboline 50.0 that`s mean there`s a chance for the chart going up until resistance 2.0270 and if this resistance breakthrough may be still going up at least below 2.0462 but if the pattern breakthrough 2.0462, I guess we must get ready for the new record GBP/USD. My long term plan is I will sell cable for sure with profit target below fiboline 23.6 may be around 1.9740 My decision to sell cable because influenced by stochastic oscilator where in overbought condition now and if we see in the news event that will be realese next week there is an increase nonfarm payroll with previous 92K and forecast 110K that`s mean there is a signal US economic will be good and good enough for dollar to win the battle againts cable.

So my long-term trading plan is open sell stop position in 2.0260 SL 2.0400 and TP 1.9740
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  • #3
  • Sep 1, 2007 8:52am Sep 1, 2007 8:52am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting ghaze
If we looking on the pair, i see the chart now is over fiboline 50.0 that`s mean there`s a chance for the chart going up until resistance 2.0270 and if this resistance breakthrough may be still going up at least below 2.0462 but if the pattern breakthrough 2.0462, I guess we must get ready for the new record GBP/USD. My long term plan is I will sell cable for sure with profit target below fiboline 23.6 may be around 1.9740 My decision to sell cable because influenced by stochastic oscilator where in overbought condition now and if we see in the news event that will be realese next week there is an increase nonfarm payroll with previous 92K and forecast 110K that`s mean there is a signal US economic will be good and good enough for dollar to win the battle againts cable. So my long-term trading plan is open sell stop position in 2.0260 SL 2.0400 and TP 1.9740

I have a better plan for your consideration. Why not place your TP at 1.9650 instead of 1.9740 because it's evident 1.9650 is a support stronger than 1.9750?...

Just a thought...

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #4
  • Sep 2, 2007 10:01am Sep 2, 2007 10:01am
Quoting CWH
I have a better plan for your consideration. Why not place your TP at 1.9650 instead of 1.9740 because it's evident 1.9650 is a support stronger than 1.9750?...

Just a thought...

Yeah I think that`s was a good plan, but my purpose to put TP in 1.9750 is to be on the safe side if the pattern not breakthrough 1.9650 because the pattern will going up again and make a diagram of a bearish market failure
  • #5
  • Last Post: Sep 3, 2007 6:22pm Sep 3, 2007 6:22pm
I think this is a new resistance for today in around 2.0195 if the pair can`t breakthrough it may be today the pair will reach support 2.0033
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