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Cable Update (GBPUSD)

  • #134,741
  • May 29, 2009 5:40am May 29, 2009 5:40am
Quoting GlobalMacro
very well said, Navin.
thank u brother..
  • #134,742
  • May 29, 2009 5:44am May 29, 2009 5:44am
Quoting kingindian
i lost my hope ....
==============
eject....eject....!
forex feels sorry for nobody....i hope u got out b4 the damage hit u?
  • #134,743
  • May 29, 2009 6:57am May 29, 2009 6:57am
Right US open soon, 5min and 1min are showing negative for the first time in hours on the DMI, lets see the session open then I might be looking to take a short. I am thinking there may be some profit talking this afternoon, bit who knows lets see....
  • #134,744
  • May 29, 2009 6:57am May 29, 2009 6:57am
Quoting nAVIN2007
thank u brother..
You're right...anyone trying to scalp should know you'll be swimming in shark-infested waters...Just imagine yourself in an environment like that, would you swim there without the necessary equipment and knowledge of streams etc. that goes with it.If not ask yourself why then would you wanna do that in forex without the proper tools that your counterparties are using and knowledge of the flow?

So a better solution would be to expand your time horizon, try to be on an as equal a level playing field as your opponent and devise a proper method and hopefully be successful in the long run.

just my 2 cents.
Hear the music before the song is over ...
  • #134,745
  • May 29, 2009 8:02am May 29, 2009 8:02am
Quoting Marj
Right US open soon, 5min and 1min are showing negative for the first time in hours on the DMI, lets see the session open then I might be looking to take a short. I am thinking there may be some profit talking this afternoon, bit who knows lets see....
I am long from 1.6124 and am targetting .16200 sl 1.6090
Let Price determine your future!
  • #134,746
  • May 29, 2009 8:09am May 29, 2009 8:09am
short @6170
TP 6070
SL 6190
  • #134,747
  • May 29, 2009 8:17am May 29, 2009 8:17am
Quoting Geppyg
I am long from 1.6124 and am targetting .16200 sl 1.6090
going long from 1.6124 & TP:1.6300 , SL:1.6095
  • #134,748
  • May 29, 2009 8:31am May 29, 2009 8:31am
Quoting medsfx
going long from 1.6124 & TP:1.6300 , SL:1.6095
Really? There is still scope for it to move down a little. Hope it works out.
You've got to be IN IT to WIN IT!
  • #134,749
  • May 29, 2009 8:42am May 29, 2009 8:42am
here is resistance

http://forexforums.dailyfx.com/attac...yst-forex2.jpg

__________________________

support resistance

.
  • #134,750
  • May 29, 2009 8:45am May 29, 2009 8:45am
Quoting Gramini
short @6170
TP 6070
SL 6190

170 is good price, I don't trade today, yesterday I make a lot, now I want a rest for a while.

______________________-

support resistance

.
  • #134,751
  • May 29, 2009 8:48am May 29, 2009 8:48am
im still alive....phew...
that was close
but i know this wont easily over
- Always pray on your trading - God know the best for everyone
  • #134,752
  • May 29, 2009 8:51am May 29, 2009 8:51am
Quoting Gramini
short @6170
TP 6070
SL 6190
it is closed now
  • #134,753
  • May 29, 2009 8:55am May 29, 2009 8:55am
i also short since 1.6179
http://www.forexfactory.com/showpost...2&postcount=70
  • #134,754
  • May 29, 2009 9:12am May 29, 2009 9:12am
Rumors swirl in USD/CAD market
Written by Jamie Coleman
May 29, 2009 at 14:06 GMT

There is lots of talk in the market that a Canadian corporate has failed or will fail to make payment on a $1 bln forex deal. This would require the bank on the other side of the transaction to enter the market to replace the trade. Rumor has it that the bank would have to sell $1 bln to cover the failed payment.

Given the price action in USD/CAD, the selling may have already taken place. The bigger story than the one-off flow would be the bankruptcy of a big Canadian corporate, which would likely undermine the CAD a bit if it turns out to be true.

USD/CAD trades at 1.0970, the lowest levels since October.

Maybe that will make GU and EU sink too? any comment
  • #134,755
  • May 29, 2009 9:13am May 29, 2009 9:13am
In at 1.6070 out at 1.6110. PHEW - recovered todays losses. What a flippin' relief. Well at least I gained something ... high blood pressure, sweat etc.
You've got to be IN IT to WIN IT!
  • #134,756
  • May 29, 2009 9:21am May 29, 2009 9:21am
I'm short for the target 1.6066
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m1.gif Size: 12 KB
  • #134,757
  • May 29, 2009 9:22am May 29, 2009 9:22am
Quoting Ifty
In at 1.6070 out at 1.6110. PHEW - recovered todays losses. What a flippin' relief. Well at least I gained something ... high blood pressure, sweat etc.
nice!

im still manage to escape
- Always pray on your trading - God know the best for everyone
  • #134,758
  • May 29, 2009 9:23am May 29, 2009 9:23am
I am short at 1.6175..TP 1.6030...Stoploss BE
  • #134,759
  • May 29, 2009 9:24am May 29, 2009 9:24am
Quoting Ifty
In at 1.6070 out at 1.6110. PHEW - recovered todays losses. What a flippin' relief. Well at least I gained something ... high blood pressure, sweat etc.
relax bro
  • #134,760
  • May 29, 2009 9:25am May 29, 2009 9:25am
Quoting deboooo2005
i also short since 1.6179
http://www.forexfactory.com/showpost...2&postcount=70
Deebooo2005...what is your Initial TP and secondary TP?
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