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Cable Update (GBPUSD)

  • #136,501
  • Jun 10, 2009 5:33am Jun 10, 2009 5:33am
a rough idea with poorly drawn TLs and fibs (my patented charting technique, PM me for details!)......
Attached Image (click to enlarge)
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TRADE FOR SWAP
  • #136,502
  • Jun 10, 2009 5:33am Jun 10, 2009 5:33am
Hahaha....We came back just as expected...
Trade 1: 1.6331 +50 pips......
Let Price determine your future!
  • #136,503
  • Jun 10, 2009 5:35am Jun 10, 2009 5:35am
Quoting Geppyg
Hahaha....We came back just as expected...
Trade 1: 1.6331 +50 pips......
should be anytime soon .. good job dude!
  • #136,504
  • Jun 10, 2009 5:37am Jun 10, 2009 5:37am
Nothing bearish yet!
First target 1.6509
Attached Image
Hear the music before the song is over ...
  • #136,505
  • Jun 10, 2009 5:47am Jun 10, 2009 5:47am
Quoting crabcake
should be anytime soon .. good job dude!

I am out of the trade for +70 pips .....

Trade 1 : A Complete sucess @ 70

Trade 2 : Here we come
Let Price determine your future!
  • #136,506
  • Jun 10, 2009 5:53am Jun 10, 2009 5:53am
Quoting Geppyg
I am out of the trade for +70 pips .....

Trade 1 : A Complete sucess @ 70

Trade 2 : Here we come

nice.... US trade balance should give more volume .. let's see..
  • #136,507
  • Jun 10, 2009 5:54am Jun 10, 2009 5:54am
The bottom of this mornings 5 Min Trend line appears to be providing some resistence.
Attached Image (click to enlarge)
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  • #136,508
  • Jun 10, 2009 5:57am Jun 10, 2009 5:57am
Quoting thirtypips
The bottom of this mornings 5 Min Trend line appears to be providing some resistence.
Wrong Chart

Attached Image (click to enlarge)
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  • #136,509
  • Jun 10, 2009 6:45am Jun 10, 2009 6:45am
woke up and found that got out for 118 pips, where did ya take the trade at?

Quoting jack.canadia
and i only focus on G/U .. and sometimes eur/usd .. but with both i can get confused lol

I dont see a need for more than one monitor .. unless you day trade multiple markets
Its all in the mind.
  • #136,510
  • Jun 10, 2009 6:59am Jun 10, 2009 6:59am
Hi GM, did you short? Got out of long at 6450 and then shorted at 6455. Should have waited a little longer. Patience is not my strong point.

Now, waiting to see if we can drop below 6280.
  • #136,511
  • Jun 10, 2009 7:00am Jun 10, 2009 7:00am
Quoting forexlion
as expected GU stopped at 61.8% and GJ is enroute to its own 61.8% at 161.89, but i do not expect anything more than 161.04 today.

my exit is 161, with SL just below 5 min 55 ema
GJ done
  • #136,512
  • Jun 10, 2009 7:09am Jun 10, 2009 7:09am
Quoting forexlion
GJ done
but this thread is for.....
  • #136,513
  • Jun 10, 2009 7:13am Jun 10, 2009 7:13am
Quoting 4cfx
Hi GM, did you short? Got out of long at 6450 and then shorted at 6455. Should have waited a little longer. Patience is not my strong point.

Now, waiting to see if we can drop below 6280.
Hey 4cfx

Short is a No-No for me right now. Would like to see 1.6489-6509 first.

break below 1.6288 would turn it bearish but we're halfway thru the day
so it'd have to really hurry. but for now I'm in the bull camp.
Hear the music before the song is over ...
  • #136,514
  • Jun 10, 2009 7:22am Jun 10, 2009 7:22am
Quoting GlobalMacro
Hey 4cfx

Short is a No-No for me right now. Would like to see 1.6489-6509 first.

break below 1.6288 would turn it bearish but we're halfway thru the day
so it'd have to really hurry. but for now I'm in the bull camp.
Had another look at my chart. Dropping below 6380 will be a good sign too.
  • #136,515
  • Jun 10, 2009 7:24am Jun 10, 2009 7:24am
Closed my Long at 164. Holding a short from 164.60. It has underperformed significantly in relation to the past vs. Equities. Also Rejected at 76% of the upmove.Possible sign of topping. Same applies to Euro Dollar.
  • #136,516
  • Jun 10, 2009 7:26am Jun 10, 2009 7:26am
Quoting 4cfx
Had another look at my chart. Dropping below 6380 will be a good sign too.
Hmmm...Ok...The highest level that'd convince me for a short would be break below 1.6308 for now but that's gotta be before London close.
Hear the music before the song is over ...
  • #136,517
  • Jun 10, 2009 7:32am Jun 10, 2009 7:32am
let's ride like crazy agaiiiiiinnnnn.. any thought or opinion on this news?
  • #136,518
  • Jun 10, 2009 7:43am Jun 10, 2009 7:43am
Quoting Ferick
Closed my Long at 164. Holding a short from 164.60. It has underperformed significantly in relation to the past vs. Equities. Also Rejected at 76% of the upmove.Possible sign of topping. Same applies to Euro Dollar.

Set my SL at break even. That move up must of been a Bull Trap. Hope you guys didn't get caught on it.
  • #136,519
  • Jun 10, 2009 7:59am Jun 10, 2009 7:59am
Doji on 4h chart.
  • #136,520
  • Jun 10, 2009 7:59am Jun 10, 2009 7:59am
Quoting Ferick
Set my SL at break even. That move up must of been a Bull Trap. Hope you guys didn't get caught on it.

The last run up and drop was just the Bulls taking their possitions and then taking their profits, now waiting for the next run. That market has to move up and down or there are no profits to be made.

I am now looking for the best possition to take another BUY.
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