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Cable Update (GBPUSD)

  • #73,961
  • Jul 1, 2008 9:04pm Jul 1, 2008 9:04pm
Hi Guys,

Anyone shorting GU now at price 1.9933?
May the pips be with me !!!
  • #73,962
  • Jul 1, 2008 9:26pm Jul 1, 2008 9:26pm
Quoting Abuawad
02-07-2008
Hi Abuawad,

It seems that R2 and R3 are the same @ 2.0147. Is this means no upmove than that?

Thanks.
  • #73,963
  • Jul 1, 2008 9:37pm Jul 1, 2008 9:37pm
Quoting ehsan
Hi Abuawad,

It seems that R2 and R3 are the same @ 2.0147. Is this means no upmove than that?

Thanks.
Sorry
R1:2.0033
R2:2.0147
R3:2.0248
  • #73,964
  • Jul 1, 2008 9:54pm Jul 1, 2008 9:54pm
There is significant divergence on the 1hr chart, and we are coming at a decent level of resistance... easily observed on the 4hr/daily. Candlesticks on the daily tell me that this uptrend has exhausted and there is indecision in the market. A break of the rising trendline on my chart below will confirm divergence and favour a move lower.
Attached Image (click to enlarge)
Click to Enlarge Name: aaaaaaa.JPG Size: 134 KB
"If it bleeds ... we can kill it"
  • #73,965
  • Jul 1, 2008 9:57pm Jul 1, 2008 9:57pm
I think today GBP will retest 2.000 again. If still cannot go through, we can short it down.
  • #73,966
  • Jul 1, 2008 10:01pm Jul 1, 2008 10:01pm
yep i think so...i have closed my short +65 pips..wait for another entry..i think gu wont go down further 1.9880..just my opinion
  • #73,967
  • Jul 1, 2008 10:02pm Jul 1, 2008 10:02pm
Quoting Abuawad
Sorry
R1:2.0033
R2:2.0147
R3:2.0248
On your posted .gif picture, the last few lines are invisible. Please could you make it visible.

Thanks
  • #73,968
  • Jul 1, 2008 10:38pm Jul 1, 2008 10:38pm
Good morning all, and welcome back to another Ranging day


well.... maybe
  • #73,969
  • Jul 1, 2008 10:40pm Jul 1, 2008 10:40pm
Quoting tarektm
Good morning all, and welcome back to another Ranging day


well.... maybe
Give me ranging days any day!
  • #73,970
  • Jul 1, 2008 10:43pm Jul 1, 2008 10:43pm
yeah..so we can make profit both ways...
  • #73,971
  • Jul 1, 2008 11:14pm Jul 1, 2008 11:14pm
Quoting mrmunir
yeah..so we can make profit both ways...
that will happen if you only enter with the correct way, ealse you will loss in both way's
  • #73,972
  • Jul 1, 2008 11:18pm Jul 1, 2008 11:18pm
Quoting Abuawad
that will happen if you only enter with the correct way, ealse you will loss in both way's
i think just make it blank for stop loss, and fill the TP range.
when the market make sideways just pray and make sure u're TP range is hit in both way's
  • #73,973
  • Jul 1, 2008 11:19pm Jul 1, 2008 11:19pm
Quoting Abuawad
that will happen if you only enter with the correct way, ealse you will loss in both way's
100% CORRECT,
that's the problem with ranging markets,
you assume that the rally started down,
you sell directly, and the price bounce back up,
then your trade is loosing.
at the top you say a break out, then you buy,
the same, price rebound, you are loosing.

so be careful.
  • #73,974
  • Jul 1, 2008 11:20pm Jul 1, 2008 11:20pm
Quoting fransisco
i think just make it blank for stop loss, and fill the TP range.
when the market make sideways just pray and make sure u're TP range is hit in both way's
what if there was a real break out?
you are loosing more now.
  • #73,975
  • Jul 1, 2008 11:23pm Jul 1, 2008 11:23pm
Quoting tarektm
what if there was a real break out?
you are loosing more now.
yes..like abu say'd..that will happen if you enter with the correct way.just keep carefull.the safest way is wait for market trend . calm and confidence.
  • #73,976
  • Jul 1, 2008 11:33pm Jul 1, 2008 11:33pm
yep..better be careful guys..trichet speech in about 30 min
  • #73,977
  • Jul 1, 2008 11:50pm Jul 1, 2008 11:50pm
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #73,978
  • Jul 1, 2008 11:59pm Jul 1, 2008 11:59pm
Quoting manize
funny week hey bro
  • #73,979
  • Jul 2, 2008 12:02am Jul 2, 2008 12:02am
hey navin good morning
do you hold your 3 shorts?
  • #73,980
  • Jul 2, 2008 12:06am Jul 2, 2008 12:06am
Quoting tetis
hey navin good morning
do you hold your 3 shorts?
i got rid of the last short for 40p profit cause there evvery chance this thing going to break 2.0 so i thought best ligthen the load and hold and also it might go down also who the hell know......nobody hence the cat and mouse games in this damn range


im guess ing here but it wont surprise me to think that we could be in this range till next week.... for a reversal .
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