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Cable Update (GBPUSD)

  • #135,941
  • Jun 8, 2009 8:52am Jun 8, 2009 8:52am
I'm off to bed guys.... change in strategy, OCO order @ 1.5850 (buy)....SL 1.5780 and 1.5950 (sell)..... SL 1.6020.... TP open

Good trading
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #135,942
  • Jun 8, 2009 8:53am Jun 8, 2009 8:53am
This is Daily Chart.
Possible to go to 5300 area?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 16 KB
ABCD..
  • #135,943
  • Jun 8, 2009 8:54am Jun 8, 2009 8:54am
Quoting wormboy
I think you missed your entry and I missed my chance to add up this time around lol. It''ll come back I suppose
2nd chance price draw with strategy shift my friend.

Later bro
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #135,944
  • Jun 8, 2009 8:55am Jun 8, 2009 8:55am
Quoting sreeprakash
This is Daily Chart.
Possible to go to 5300 area?
Kinda late spotting it ain't it?
It'll get there my friend. Good luck.
Thank You
  • #135,945
  • Jun 8, 2009 8:57am Jun 8, 2009 8:57am
Quoting Bull_Bear
2nd chance price..
Laters my friend ... have a good one.
Thank You
  • #135,946
  • Jun 8, 2009 8:57am Jun 8, 2009 8:57am
Quoting Bull_Bear
I'm off to bed guys.... change in strategy, OCO order @ 1.5850 (buy)....SL 1.5780 and 1.5950 (sell)..... SL 1.6020.... TP open

Good trading
Don't bother mate. All you will be doing is dreaming about candlesticks, indicators etc anyway. STAY AWAKE i say . I suppose we need our sleep despite the dreams. OK have a nice rest and take care.
You've got to be IN IT to WIN IT!
  • #135,947
  • Jun 8, 2009 8:58am Jun 8, 2009 8:58am
Quoting wormboy
Kinda late spotting it ain't it?
It'll get there my friend. Good luck.

Not late I think, it have some 500 pips more...
ABCD..
  • #135,948
  • Jun 8, 2009 8:58am Jun 8, 2009 8:58am
Quoting Ifty
Just more waiting but that is easy today.
Aye ... I reckon I'm gonna manage to pile up the posts this week with the consolidation coming
Thank You
  • #135,949
  • Jun 8, 2009 9:11am Jun 8, 2009 9:11am
i can't find reason, why gbp is resisting fall, eur/usd has lowered already, dow is down, maybe i have missed something or too focused on the movement down?
  • #135,950
  • Jun 8, 2009 9:11am Jun 8, 2009 9:11am
Looks like it broke the UTL on 1 hr chart Possible breakout?
  • #135,951
  • Jun 8, 2009 9:12am Jun 8, 2009 9:12am
Quoting wormboy
I think you missed your entry and I missed my chance to add up this time around lol. It''ll come back I suppose
I went short at 5905. Probably not the best entry but there's a bearish engulfing on the 1h chart.
  • #135,952
  • Jun 8, 2009 9:15am Jun 8, 2009 9:15am
Quoting 4cfx
I went short at 5905. Probably not the best entry but there's a bearish engulfing on the 1h chart.
I'm the same, took my second chance price at 1.5926.
  • #135,953
  • Jun 8, 2009 9:18am Jun 8, 2009 9:18am
Quoting Endrju
i shorted at 5930, sl 5955, looking at dow futures value and that it's gonna open in 5 min, i take this as a good moment to risk. of course i could be wrong as on many other trades
shorting at eur/usd too, with tighter sl
closed for 60 pips on both trades, was expecting larger moves and this choppy movement made me cautious,
days 140 pips are fine, waiting for clearer view
  • #135,954
  • Jun 8, 2009 9:19am Jun 8, 2009 9:19am
Quoting 4cfx
I went short at 5905. Probably not the best entry but there's a bearish engulfing on the 1h chart.
Yes, i think it's the right thing to do. Seems like we've picked up some selling pressure during the last hour's close. I didn't add up to the current position tho, maybe later. You would want to nurse this position tho my friend, this selling might not last throughout the trading session methinks.
Okay, I'm outta here. Catch you guys later.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1vv.JPG Size: 72 KB
Thank You
  • #135,955
  • Jun 8, 2009 9:29am Jun 8, 2009 9:29am
Looking to go short 1.5965 based on fibs from todays low and fridays high
  • #135,956
  • Jun 8, 2009 9:29am Jun 8, 2009 9:29am
Quoting Fibonatzi
Personally I look to buy (maybe only for short term) around 1.5780 - 1.5815(1.5840) with first target 1.5960 .Good day all
Target achieved. I took profits.
  • #135,957
  • Jun 8, 2009 9:32am Jun 8, 2009 9:32am
This is a whacky market
  • #135,958
  • Jun 8, 2009 9:35am Jun 8, 2009 9:35am
Quoting currencyexch
Looking to go short 1.5965 based on fibs from todays low and fridays high

Meant 1.5995 not 1.5965 but guess one could scale in there
  • #135,959
  • Jun 8, 2009 9:37am Jun 8, 2009 9:37am
Quoting wormboy
Yes, i think it's the right thing to do. Seems like we've picked up some selling pressure during the last hour's close. I didn't add up to the current position tho, maybe later. You would want to nurse this position tho my friend, this selling might not last throughout the trading session methinks.
Okay, I'm outta here. Catch you guys later.
Wish I had waited now!. Added at 1.5975 and another pending at 5995. Let's see. Enjoy yourself and thanks again for your help man.
  • #135,960
  • Jun 8, 2009 9:42am Jun 8, 2009 9:42am
Quoting 4cfx
Wish I had waited now!. Added at 1.5975 and another pending at 5995. Let's see. Enjoy yourself and thanks again for your help man.
I wouldnt short... I think this could produce a meaningful bounce to better prices for shorts...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 34 KB
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