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Cable Update (GBPUSD)

  • #135,041
  • Jun 2, 2009 3:53am Jun 2, 2009 3:53am
Quoting 4cfx
Sorry wormboy, I wasn't doubting you at all, just confused.

I think this was the post...anyway, I agree today is down.

http://www.forexfactory.com/showpost...postcount=1054
It's alright mate
That post was about a month ago when my bias was bullish after a breach of 4600 level.
Thank You
  • #135,042
  • Jun 2, 2009 3:59am Jun 2, 2009 3:59am
Quoting wormboy
It's alright mate
That post was about a month ago when my bias was bullish after a breach of 4600 level.
so you mean better to go short instead of Long?or go long with tight S/L right bro?better to wait for good short entery but do you have any idea from which point to go short?

Ub
  • #135,043
  • Jun 2, 2009 4:09am Jun 2, 2009 4:09am
Quoting ubaidahsan
so you mean better to go short instead of Long?or go long with tight S/L right bro?better to wait for good short entery but do you have any idea from which point to go short?

Ub

Looking for a good entering is really Hard... But remember the SIGNAL is "SHORT". And a tight SL is good for a LONG... Am SHORT...

SHORT= +30pips...
  • #135,044
  • Jun 2, 2009 4:10am Jun 2, 2009 4:10am
Quoting ubaidahsan
so you mean better to go short instead of Long?or go long with tight S/L right bro?better to wait for good short entery but do you have any idea from which point to go short?

Ub
Hello ub.

I am not in any way trying to tell you to go long or short.
I was just stating my bias for this pair. I think you've missed a good opportunity to short this pair by about 15 hours. There was a very strong bearish engulfing pattern on the hourly, that was the que. Personally I do not see any level worth taking a long position from here on either. You'd be gambling if you take any position at this moment imho.
If it helps, pull up an hourly chart, plot a trendline from the 28th May low (19:00 gmt), 29th May low (1:00 gmt), 29th May low (3:00 gmt) & 29th May low (7:00 gmt). You should get the next near term target level for you to pick your trades from (preferably).
Again I apologise for the lack of chart.

Good luck.
Thank You
  • #135,045
  • Jun 2, 2009 4:13am Jun 2, 2009 4:13am
Quoting Reznik
Looking for a good entering is really Hard... But remember the SIGNAL is "SHORT". And a tight SL is good for a LONG... Am SHORT...

SHORT= +30pips...
just long from 56 out at 74
seems your day is on fire...keep up
and goodluck for both of us
- Always pray on your trading - God know the best for everyone
  • #135,046
  • Jun 2, 2009 4:13am Jun 2, 2009 4:13am
Expecting a deeper correction towards 61xx which will provide good long entries for the continuing uptrend..

Shorts on pullbacks will be good today..

Shan
  • #135,047
  • Jun 2, 2009 4:25am Jun 2, 2009 4:25am
broke 1.6345 it may go till 1.6240
Never Stop Learning...
  • #135,048
  • Jun 2, 2009 4:37am Jun 2, 2009 4:37am
time to short GBPUSD
Twitter: @forexpokerpro
  • #135,049
  • Jun 2, 2009 4:47am Jun 2, 2009 4:47am
Quoting BBPI_fxtrader
time to short GBPUSD
Your analysis is probably correct, but I would prefer to see a clean brake of 1.6331 being the weekly R1 level. I have been caught out before!
  • #135,050
  • Jun 2, 2009 4:47am Jun 2, 2009 4:47am
Quoting BBPI_fxtrader
time to short GBPUSD
Hi, where's target?
  • #135,051
  • Jun 2, 2009 4:47am Jun 2, 2009 4:47am
yes...! GBP/USD seem to be short for a shorter period of time...but dear fellows i would recommend you people to be cautious as medium term trend is still bullish and GBP/USd can bounce back from any where...so better option would be to wait and not to enter the market until the indicators show that the pair is over sold, this would be around 1.6240-1.6250....here is a good opportunity to have a long
  • #135,052
  • Jun 2, 2009 4:54am Jun 2, 2009 4:54am
open buy 343

Attached Image (click to enlarge)
Click to Enlarge Name: forex2.gif Size: 14 KB


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support resistance

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  • #135,053
  • Jun 2, 2009 4:58am Jun 2, 2009 4:58am
Quoting BBPI_fxtrader
time to short GBPUSD


What just Happened now!! Keep off!! Or Hold On to "LONG"
  • #135,054
  • Jun 2, 2009 4:59am Jun 2, 2009 4:59am
Closed buy for 35pips.
  • #135,055
  • Jun 2, 2009 4:59am Jun 2, 2009 4:59am
Quoting errich fx
open buy 343

Attachment

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support resistance

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take 40 pips in a less 15 min

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support resistance

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  • #135,056
  • Jun 2, 2009 4:59am Jun 2, 2009 4:59am
cant believe that i MISSED IT again....
im entry at 6340 but drop it at 6350....
- Always pray on your trading - God know the best for everyone
  • #135,057
  • Jun 2, 2009 5:00am Jun 2, 2009 5:00am
Agree as long as 6340 holds or even the weeks open up is the direction.



Quoting errich fx
open buy 343

Attachment

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support resistance

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Attached Image (click to enlarge)
Click to Enlarge Name: 25) gbpusd d1 2nd june.jpg Size: 66 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #135,058
  • Jun 2, 2009 5:01am Jun 2, 2009 5:01am
Quoting errich fx
take 40 pips in a less 15 min

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support resistance

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Good pips!
  • #135,059
  • Jun 2, 2009 5:02am Jun 2, 2009 5:02am
Quoting Bones
Agree as long as 6340 holds or even the weeks open up is the direction.
yes, I saw a great price action on support, so I decide to long, just lucky

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support resistance

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  • #135,060
  • Jun 2, 2009 5:04am Jun 2, 2009 5:04am
Quoting Terri1
Good pips!
you make a great job to Terri

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support resistance

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