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Cable Update (GBPUSD)

  • #134,881
  • Jun 1, 2009 7:25am Jun 1, 2009 7:25am
Quoting aboofan
Doji is always cheating us and we'd better not trade it until double top forms.
i usually trade using pattern from candle i hope this doji is valid for
reversal.

ps: a lot of news after this. Just becareful
  • #134,882
  • Jun 1, 2009 7:27am Jun 1, 2009 7:27am
short 6390
  • #134,883
  • Jun 1, 2009 7:28am Jun 1, 2009 7:28am
Quoting mloistianto
Doji candle is a candle that has a short body and long tail..
thanks,how flourishing trade you have with this candle?
  • #134,884
  • Jun 1, 2009 7:31am Jun 1, 2009 7:31am
Quoting free4440273
short 6390
Wow, what based you open this trade?
  • #134,885
  • Jun 1, 2009 7:38am Jun 1, 2009 7:38am
not a good day for trading...
im just waiting for long chance.
afraid to do short.
- Always pray on your trading - God know the best for everyone
  • #134,886
  • Jun 1, 2009 7:40am Jun 1, 2009 7:40am
Quoting kingindian
not a good day for trading...
im just waiting for long chance.
afraid to do short.
same here 2 Sl hit already but waiting for good entry of Long..please update if you go long

thanks


Ub
  • #134,887
  • Jun 1, 2009 7:42am Jun 1, 2009 7:42am
Trend is strong up, so dangerous to short without any bar confirmation, add my longs after 1.6430
  • #134,888
  • Jun 1, 2009 7:51am Jun 1, 2009 7:51am
Quoting gklp
Trend is strong up, so dangerous to short without any bar confirmation, add my longs after 1.6430
Agree! I also add my long position @ 1.6430
  • #134,889
  • Jun 1, 2009 7:57am Jun 1, 2009 7:57am
Quoting jnktrader
Agree! I also add my long position @ 1.6430

I can see few dojis right below 38.2 fib monthly. Is that a sign of strong up?
  • #134,890
  • Jun 1, 2009 8:06am Jun 1, 2009 8:06am
Quoting gklp
Trend is strong up, so dangerous to short without any bar confirmation, add my longs after 1.6430
agree with you dangerous to go short at this moment ..we have to wait for clear signals

Ub
  • #134,891
  • Jun 1, 2009 8:06am Jun 1, 2009 8:06am
Quoting AbgZuhaini
I can see few dojis right below 38.2 fib monthly. Is that a sign of strong up?
Which tf are you looking at? I can't see any doji.
  • #134,892
  • Jun 1, 2009 8:11am Jun 1, 2009 8:11am
Quoting 4cfx
Which tf are you looking at? I can't see any doji.
At H1, perhaps i am wrong. I often confuse between pin bar and doji. They sit below 38.2 Fib from 2.1160 to 1.3497
  • #134,893
  • Jun 1, 2009 8:15am Jun 1, 2009 8:15am
if cable cross 1.645 it must go some where near to 1.8
  • #134,894
  • Jun 1, 2009 8:18am Jun 1, 2009 8:18am
Quoting 4cfx
Which tf are you looking at? I can't see any doji.
tf H4v..
  • #134,895
  • Jun 1, 2009 8:21am Jun 1, 2009 8:21am
Quoting peyi
tf H4v..
Ok thanks. I see one red doji and the other one still forming. Another couple of hours yet.
  • #134,896
  • Jun 1, 2009 8:29am Jun 1, 2009 8:29am
Quoting AbgZuhaini
At H1, perhaps i am wrong. I often confuse between pin bar and doji. They sit below 38.2 Fib from 2.1160 to 1.3497
I can see few upthrust bar (weakness bars) in 1H, they may be a strong resistant around the current level, we are still in daily up trend, so i will wait till it clear the way to 1.6430 for me to add on my long position.
  • #134,897
  • Jun 1, 2009 8:49am Jun 1, 2009 8:49am
tempting to short at GB...but i guess wait for long chance is better and more safety
- Always pray on your trading - God know the best for everyone
  • #134,898
  • Jun 1, 2009 8:51am Jun 1, 2009 8:51am
I have sold GBP/USD @ 1.6410 - SL is 1.6460 and TP will be at 1.6160
  • #134,899
  • Jun 1, 2009 8:55am Jun 1, 2009 8:55am
Quoting TrendsFX
I have sold GBP/USD @ 1.6410 - SL is 1.6460 and TP will be at 1.6160
what make u think that cable down to 1.6160 ?
  • #134,900
  • Jun 1, 2009 9:01am Jun 1, 2009 9:01am
Quoting Faryad
what make u think that cable down to 1.6160 ?
Price movement Faryad. I think (rightly or wrongly) that GBP/USD is now overbought in hourly and daily charts and top of that it's also resisting upward now..
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