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Cable Update (GBPUSD)

  • #71,281
  • Jun 17, 2008 10:08pm Jun 17, 2008 10:08pm
After analyze a few minutes, I short at 1.9534.

Note :

1. Abuawad new H4 candle open below 1.9548.
2. Moe said if closing level Yesterday above 1.9520 cable will fall then.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,282
  • Jun 17, 2008 10:16pm Jun 17, 2008 10:16pm
Quoting Malaysia
I got nothing to worry because already had SL on my SHORT earlier at 1 pip on the Green

Cable already poke through that 50% median of yesterday Low and Today High... next level to test... 61.8% Fibbo. Pass that I can rest assured that 100% Retracement to test yesterday low highly probable.

As right now... more than 50pips profit and counting

  • #71,283
  • Jun 17, 2008 10:56pm Jun 17, 2008 10:56pm
Quoting Malaysia
Poking through 61.8% Fibbo already

But that RED Triangle Support line is holding it from falling further so far... that is around 1.9500 psyco support. Break that >>> 100% Retracement of testing yesterday LOW will be seen.

Fail to break that Triangle Support... that can lead to REVERSAL and the BULL might retaliate up to the Red Triangle Resistance line.

The BEAR still strong so far.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1535.PNG Size: 86 KB
  • #71,284
  • Jun 17, 2008 11:40pm Jun 17, 2008 11:40pm
Quoting Malaysia
Seems strong Retaliation at the psycho support 1.9500 area which also the Support of the TRIANGLE.

Contingency Plan... Protect the profit. Moving down SL to 1.9551 securing 20pips Profit if the BULL strongly retaliate for REVERSAL. That is 61.8% Fibbo from today HiLo.

>>> >>>
  • #71,285
  • Jun 17, 2008 11:42pm Jun 17, 2008 11:42pm
Quoting Malaysia
>>> >>>
the market doesn't have enough liquidity now ...
i prefer to wait until London open before i judge
  • #71,286
  • Jun 17, 2008 11:49pm Jun 17, 2008 11:49pm
good morning all
well for me no trade before london period and MPC news
good luck all
  • #71,287
  • Jun 17, 2008 11:52pm Jun 17, 2008 11:52pm
Quoting tarektm
the market doesn't have enough liquidity now ...
i prefer to wait until London open before i judge
Liquid enough for Fiber(EU) though ... it just shoot up from the Daily S1 to the Daily Pivot now... testing the Pivot.

As for CABLE... I won't go LONG ... unless it break today's High which is also around the Daily Pivot.

Anyway... maximum liquidity when LONDON Open. Expect the UNEXPECTED and prepare for both possibility.
  • #71,288
  • Jun 17, 2008 11:53pm Jun 17, 2008 11:53pm
Quoting warta
good morning all
well for me no trade before london period and MPC news
good luck all
Good morning

maybe 9-0
  • #71,289
  • Jun 17, 2008 11:54pm Jun 17, 2008 11:54pm
Quoting warta
good morning all
well for me no trade before london period and MPC news
good luck all
I agree for today this is a wise decision
  • #71,290
  • Jun 17, 2008 11:55pm Jun 17, 2008 11:55pm
Quoting Malaysia
break 210.60 , i well short for 70 points profets .
  • #71,291
  • Jun 17, 2008 11:59pm Jun 17, 2008 11:59pm
Quoting warta
good morning all
well for me no trade before london period and MPC news
good luck all

morning..... yeah me too....caught 40 PIPs shorting at 1.9548 got out at 1.9508 earlier..... good luch to you too
  • #71,292
  • Jun 18, 2008 12:00am Jun 18, 2008 12:00am
Quoting tarektm
Good morning

maybe 9-0
I speculate that as well... Uncle KING given sort of a hint yesterday That's why I acted early in the morning to catch the TOP to SELL FROM BOUNCE. Anyway... SL already on the Green... nothing to worry about.

I might switch position IF the PA during the news release bias on the BULL.

News is one thing... market reaction towards the news is another thing.

Quote
King also highlighted the dilemma facing rate setters, saying that hiking rates just now will put the economy at risk. 'If the bank rate were set to bring inflation back to target within the next 12 months, the result would be unnecessary volatility in output and employment.'
  • #71,293
  • Jun 18, 2008 12:00am Jun 18, 2008 12:00am
Quoting Runway Trade
I agree for today this is a wise decision

low risk = hight profit
this is the perfect rule u have to learn with forex
  • #71,294
  • Jun 18, 2008 12:08am Jun 18, 2008 12:08am
SL just got hit... banked in 20pips only Staying on the side line until the news release at 4:30.
  • #71,295
  • Jun 18, 2008 12:19am Jun 18, 2008 12:19am
Quoting Malaysia
SL just got hit... banked in 20pips only Staying on the side line until the news release at 4:30.

Just went long at 1.9547 . SL 30 pips. TP 50 pis 1st target.

Maybe should have waited a while more. Could only pray now.
  • #71,296
  • Jun 18, 2008 12:19am Jun 18, 2008 12:19am
Quoting eohater
moe, are you ready?
always, goodnight, back to bed.
If I Go Broke Trying Then I Will die happy.
  • #71,297
  • Jun 18, 2008 12:36am Jun 18, 2008 12:36am
Quoting Chang
Just went long at 1.9547 . SL 30 pips. TP 50 pis 1st target.

Maybe should have waited a while more. Could only pray now.
On the other side, here is short at 1.9534 ....... SL. 1.9800 or more ...
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #71,298
  • Jun 18, 2008 12:49am Jun 18, 2008 12:49am
Quoting manize
On the other side, here is short at 1.9534 ....... SL. 1.9800 or more ...
good to have your stop up there,
but what is your target?
  • #71,299
  • Jun 18, 2008 12:53am Jun 18, 2008 12:53am
anyone knows MOE position?
Im in long.
  • #71,300
  • Edited 1:15am Jun 18, 2008 12:54am | Edited 1:15am
Quoting tarektm
good to have your stop up there,
but what is your target?
Decided later see the market moving .... at least 75 pips ... I see the potential drop till 1.9370 - 1.9413 for today !
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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