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Cable Update (GBPUSD)

  • #135,301
  • Jun 3, 2009 9:34am Jun 3, 2009 9:34am
long @ 6430 Sl 6370 please comments

...

Ub
  • #135,302
  • Jun 3, 2009 9:41am Jun 3, 2009 9:41am
Quoting ubaidahsan
long @ 6430 Sl 6370 please comments

...

Ub
As a daily bias is down it should at least test 6380, it think it won't turn around and go up that easy if thinking about long, i would risk to go long only from 6380
  • #135,303
  • Jun 3, 2009 9:41am Jun 3, 2009 9:41am
Quoting wormboy
Did remind you about the selling pressure. We might consolidate a bit before falling further. I hope you'll get to turn this trade around, if not, just cut your losses.
Good luck mate.
I have been stopped out with -100 loss. Never mind. Thanks for your help earlier. Take care my friend. ps. I am just watching Bernanke on bloomberg. See what happens. At present its all going over my head.
You've got to be IN IT to WIN IT!
  • #135,304
  • Jun 3, 2009 9:43am Jun 3, 2009 9:43am
Quoting Endrju
As a daily bias is down it should at least test 6380, it think it won't turn around and go up that easy if thinking about long, i would risk to go long only from 6380
•Bernanke Warns Long-Term U.S. Budget Deficits Threaten Financial Stability

•Stocks in U.S. Drop on Concern Over Job Losses, Valuations; Aetna Tumbles

due to thse newses i went long and bernanke speach is not much good for USD and if it will be down so it will retrace and then will go down it can't go down without correction my TP is not big so hopeful will get out safely )
UB
  • #135,305
  • Jun 3, 2009 9:45am Jun 3, 2009 9:45am
guys
we will see 1.6350
be careful.
most probably today or perhaps the asian session.
  • #135,306
  • Jun 3, 2009 9:55am Jun 3, 2009 9:55am
Quoting Endrju
hi! i think it will try to go lower till 6350 or test 6380, i'm short 6445! dow jones is going down, i think i could go even lower and today trend is down. of course could be wrong as many other times
sl 6485

o.k. i'm out at 5386 (to bad i put smaller position then usual)
  • #135,307
  • Jun 3, 2009 9:59am Jun 3, 2009 9:59am
Quote
ubaidahsan long @ 6430 Sl 6370 please comments

...

Ub

Did you actually get a signal to get in with this kind of momentum going down and absolutely no indication for it to reverse on the short-term?

Im still in short TP not reached
  • #135,308
  • Jun 3, 2009 10:00am Jun 3, 2009 10:00am
Quoting Endrju
o.k. i'm out at 5386 (to bad i put smaller position then usual)
6386 u mean..
  • #135,309
  • Jun 3, 2009 10:01am Jun 3, 2009 10:01am
Can someone please tell me how you put the ''quote: Originally Posted by''

I figured out how to put quote, but not the rest.

help would be greatly appreciated
  • #135,310
  • Jun 3, 2009 10:02am Jun 3, 2009 10:02am
Quoting Ipips
6386 u mean..

yes, correct - 6386 (writing in hurry makes a lot of mistakes)
  • #135,311
  • Jun 3, 2009 10:03am Jun 3, 2009 10:03am
I am now long at 380 stop at 280 with a target of 480 by asian session :-)

I think the sellers are exauhsted there is now way we can see 280 today...as ATR is about done me thinks good luck
Let Price determine your future!
  • #135,312
  • Jun 3, 2009 10:04am Jun 3, 2009 10:04am
Quoting sreeprakash
Right... No one can think it go down too down!
But it went down, unpredictable...

It was near my projection 3 days ago, 6700, and went down like a rock..
man what you doing here ?? come in yahoo need to talk you......
  • #135,313
  • Jun 3, 2009 10:11am Jun 3, 2009 10:11am
this zombie wont goes down so easy
TF D1 still good
although H1 almost broken
- Always pray on your trading - God know the best for everyone
  • #135,314
  • Jun 3, 2009 10:17am Jun 3, 2009 10:17am
Quoting Geppyg
I am now long at 380 stop at 280 with a target of 480 by asian session :-)

I think the sellers are exauhsted there is now way we can see 280 today...as ATR is about done me thinks good luck
On my system she still not end down yet. So no sign of long now even until tommorow. Hope retracement will help you. Good luck.
  • #135,315
  • Jun 3, 2009 10:17am Jun 3, 2009 10:17am
Quoting Endrju
As a daily bias is down it should at least test 6380, it think it won't turn around and go up that easy if thinking about long, i would risk to go long only from 6380
you were right what do you suggest now to go short...



ub
  • #135,316
  • Jun 3, 2009 10:22am Jun 3, 2009 10:22am
Quoting ubaidahsan
you were right what do you suggest now to go short...



ub
now i will wait it to go higher towards 6450 or go as low as 6325 to go long, but between i don't know, i would be guessing, probably will stay out till asian session
  • #135,317
  • Jun 3, 2009 10:22am Jun 3, 2009 10:22am
Quoting ubaidahsan
you were right what do you suggest now to go short...



ub

days over, wake up tomorrow for a fresh start, dont over trade. If youve missed the ride, dont worry, plenty of new set-ups in the future.

cheers
  • #135,318
  • Jun 3, 2009 10:23am Jun 3, 2009 10:23am
H1
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  • #135,319
  • Jun 3, 2009 10:30am Jun 3, 2009 10:30am
strong opposite signal coming for a buy, I dont take trades at this time but if its confirmed I will get out of my short completely
  • #135,320
  • Jun 3, 2009 10:37am Jun 3, 2009 10:37am
Quoting leosfx
strong opposite signal coming for a buy, I dont take trades at this time but if its confirmed I will get out of my short completely
btw, can you elaborate on the strong buy signal?
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