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Cable Update (GBPUSD)

  • #134,101
  • May 25, 2009 2:55am May 25, 2009 2:55am
Quoting primzvicious
it's true that now price is ranging on 161% weekly fib, but i think the trend especially for 4 hour and below will likely still uptrend until midweek maybe it will catch 1.6 or higher, then will move downtrend for the rest of the week. so it will form doji candle.
have a nice trade
I disagree. You can't tell if it's going to form a doji 2 minutes from now, nevermind at the end of the trading week.

Good luck.
Thank You
  • #134,102
  • May 25, 2009 2:58am May 25, 2009 2:58am
just watchin gbp/usd right now. i'm lookin to go long at 1.5939ish...1.6034 target and my s/l at the bottom of the channel...

atm it's selling off and testing resistance 1.5853
  • #134,103
  • May 25, 2009 3:01am May 25, 2009 3:01am
morning all
  • #134,104
  • May 25, 2009 3:02am May 25, 2009 3:02am
Quoting wormboy
I disagree. You can't tell if it's going to form a doji 2 minutes from now, nevermind at the end of the trading week.

Good luck.
yeah anyone have an argument its doesnt matter whether you agree or dont i just stated what im thinking maybe you even more disagree when i say that the high of this week is 1.6269
Verily, in every difficulties there is relief
  • #134,105
  • May 25, 2009 3:02am May 25, 2009 3:02am
Quoting wormboy
Not really.

http://www.forexfactory.com/showpost...postcount=1132
http://www.forexfactory.com/showpost...postcount=1139

Have a good one.
thanx for the post
  • #134,106
  • May 25, 2009 3:07am May 25, 2009 3:07am
short, TP 1.5528 zone. H1 UTL break confirmed, strong bearish candle, TP is confluence of previous support and 50%fib from May 18th.
TRADE FOR SWAP
  • #134,107
  • May 25, 2009 3:09am May 25, 2009 3:09am
Quoting primzvicious
yeah anyone have an argument its doesnt matter whether you agree or dont i just stated what im thinking maybe you even more disagree when i say that the high of this week is 1.6269
Not unless if you have a solid analysis (TA or fundamental) to back up your calls.

Good luck
Thank You
  • #134,108
  • May 25, 2009 3:11am May 25, 2009 3:11am
Quoting adriaani
thanx for the post
You're welcome
Thank You
  • #134,109
  • May 25, 2009 3:17am May 25, 2009 3:17am
Still bullish and 1.5876 is the key level.
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  • #134,110
  • May 25, 2009 3:20am May 25, 2009 3:20am
hi

since 1.5830 not broke ... i long @ 1.5845 TP 1.6 and already minimize risk SL @ BE
  • #134,111
  • May 25, 2009 3:23am May 25, 2009 3:23am
Yes i have heard from some mutual fund involved in fx market they will try to addd positions from 1.5845 exactly man we are on the right track.
Quoting deboooo2005
hi

since 1.5830 not broke ... i long @ 1.5845 TP 1.6 and already minimize risk SL @ BE
  • #134,112
  • May 25, 2009 3:26am May 25, 2009 3:26am
Quoting primzvicious
it's true that now price is ranging on 161% weekly fib, but i think the trend especially for 4 hour and below will likely still uptrend until midweek maybe it will catch 1.6 or higher, then will move downtrend for the rest of the week. so it will form doji candle.
have a nice trade

Thats right, a doji was formed... But we are still in a downtrend. And a divergence indicating a downward trend. So Short!!!
  • #134,113
  • May 25, 2009 3:27am May 25, 2009 3:27am
Quoting forexwar
Yes i have heard from some mutual fund involved in fx market they will try to addd positions from 1.5845 exactly man we are on the right track.

hi
really 1.5800 is key area when cable above this area its still bullish
  • #134,114
  • Edited 3:41am May 25, 2009 3:38am | Edited 3:41am
Quoting Reznik
Thats right, a doji was formed... But we are still in a downtrend. And a divergence indicating a downward trend. So Short!!!

I'm also watching the divergence on the H1. I think it is waiting to touch the lower channel support...Maybe it will go up after that...not sure though..I 'll just stay out for a while.

But MACD and stoch on H4 is ready to drop...
Never Stop Learning...
  • #134,115
  • May 25, 2009 3:56am May 25, 2009 3:56am
as i mention last week, bull power is getting weaker,today at tf 1h,already broken the support line,many candles located bellow 10ma,..
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newbies yang minat nak belajar forex, sila ym saya, ym: ammal007
  • #134,116
  • May 25, 2009 3:59am May 25, 2009 3:59am
Quoting forexwar
Yes i have heard from some mutual fund involved in fx market they will try to addd positions from 1.5845 exactly man we are on the right track.

please tell me which mutual fund you refer to so I know to avoid investing with them
TRADE FOR SWAP
  • #134,117
  • May 25, 2009 4:31am May 25, 2009 4:31am
Looking pretty slow!?!
Interestingly, these are the days markets land a nasty surprise to take on a lot of wrong positions.
Hear the music before the song is over ...
  • #134,118
  • May 25, 2009 4:43am May 25, 2009 4:43am
you know i cant tell wich 1 cause then our inside info will fly away.they are aiming 1.6 for cable for today or tomorow ,if not touch they will sell .but on weekly charts they have all chances of getting there.
Quoting cgldsmth
please tell me which mutual fund you refer to so I know to avoid investing with them
  • #134,119
  • May 25, 2009 4:49am May 25, 2009 4:49am
and if they added positions at 1.5845 ,investing couple of billions now they are already standing on huge shiiiiiiiii of money wouldnt you agreed )))))))?????

Quoting forexwar
you know i cant tell wich 1 cause then our inside info will fly away.they are aiming 1.6 for cable for today or tomorow ,if not touch they will sell .but on weekly charts they have all chances of getting there.
  • #134,120
  • May 25, 2009 4:53am May 25, 2009 4:53am
Shorting from 5900, t/p is 5830/5825 ...lets see what happens on this holiday...
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