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Cable Update (GBPUSD)

  • #137,661
  • Jun 17, 2009 12:17am Jun 17, 2009 12:17am
I have one short from last night and another one now with sl @.6495.Let's see if we can reach today .6175 .Good day all .
  • #137,662
  • Jun 17, 2009 12:22am Jun 17, 2009 12:22am
Quoting Fibonatzi
I have one short from last night and another one now with sl @.6495.Let's see if we can reach today .6175 .Good day all .
i feel this little pull back is a great place to enter long.
Long @ 1.6424
Keep It Simple Stupid
  • #137,663
  • Jun 17, 2009 12:25am Jun 17, 2009 12:25am
Quoting Fibonatzi
I have one short from last night and another one now with sl @.6495.Let's see if we can reach today .6175 .Good day all .
I think 6275 could well be insight before we bounce again.
Good luck
Thank You
  • #137,664
  • Jun 17, 2009 12:31am Jun 17, 2009 12:31am
Quoting wormboy
I think 6275 could well be insight before we bounce again.
Good luck
you mean we can go long frim there???and there is no chances that it can bounce back till 65xx yet??is it rejected from there??

Ub
  • #137,665
  • Jun 17, 2009 12:36am Jun 17, 2009 12:36am
Quoting Alastair
i feel this little pull back is a great place to enter long.
Long @ 1.6424
closed out for +2. cold feet..
Keep It Simple Stupid
  • #137,666
  • Jun 17, 2009 12:37am Jun 17, 2009 12:37am
6480 was rejected by strong sellers , price back to consolidation till news data , No expectations at data time , anything could happen...keep your SL tight
  • #137,667
  • Jun 17, 2009 12:39am Jun 17, 2009 12:39am
Quoting wormboy
I think 6275 could well be insight before we bounce again.
Good luck
Hi wormboy. How are you today?

Cable direction is not too clear for me today. It looks like we are consolidating and ranging within the triangle boundaries. But the range is getting smaller so we may get out breakout soon.

Can you shed some light on this? Cheers.
  • #137,668
  • Jun 17, 2009 12:43am Jun 17, 2009 12:43am
The Cable is about to show the direction up or down. I'm on the short side thus the probability of drop is rather high. world indicies are falling strengthening demand for dollar, after very quick rally 1.5-1.66 a quick drop may occur.

Good luck.
  • #137,669
  • Jun 17, 2009 12:45am Jun 17, 2009 12:45am
Quoting ubaidahsan
you mean we can go long frim there???and there is no chances that it can bounce back till 65xx yet??is it rejected from there??

Ub
I've been saying since early this month I won't be buying unless price close above 6600 level ub. I can't help you if you're trying to go long. Maybe those who scalp could share with you the levels they're looking at
Thank You
  • #137,670
  • Jun 17, 2009 12:51am Jun 17, 2009 12:51am
Quoting 4cfx
Hi wormboy. How are you today?

Cable direction is not too clear for me today. It looks like we are consolidating and ranging within the triangle boundaries. But the range is getting smaller so we may get out breakout soon.

Can you shed some light on this? Cheers.
Good eye my friend
This was put up last week, we were somewhat expecting the bottleneck/consolidation coming into this week : http://www.forexfactory.com/showpost...stcount=136988

Like you, I am waiting
Thank You
  • #137,671
  • Jun 17, 2009 12:52am Jun 17, 2009 12:52am
Quoting 4cfx
Hi wormboy. How are you today?

Cable direction is not too clear for me today. It looks like we are consolidating and ranging within the triangle boundaries. But the range is getting smaller so we may get out breakout soon.

Can you shed some light on this? Cheers.
I think it's becoming a little clearer now. Shooting star on the 4h and bearish engulfing on both 2h and 1h forming. A drop below 6207 will open the doors.
  • #137,672
  • Jun 17, 2009 12:54am Jun 17, 2009 12:54am
Quoting wormboy
Good eye my friend
This was put up last week, we were somewhat expecting the bottleneck/consolidation coming into this week : http://www.forexfactory.com/showpost...stcount=136988

Like you, I am waiting
I learnt that from you, master
  • #137,673
  • Jun 17, 2009 12:56am Jun 17, 2009 12:56am
Quoting wormboy
I've been saying since early this month I won't be buying unless price close above 6600 level ub. I can't help you if you're trying to go long. Maybe those who scalp could share with you the levels they're looking at

thanks bro for your post but please keep me update when you go short again in GU i was in dragon but out now when market moved back my SL hit and get out in +70 please update

thanks

Ub
  • #137,674
  • Jun 17, 2009 12:58am Jun 17, 2009 12:58am
Quoting 4cfx
I think it's becoming a little clearer now. Shooting star on the 4h and bearish engulfing on both 2h and 1h forming. A drop below 6207 will open the doors.
aye. or we could just halt at the 6275 level which was mentioned earlier and bounce again. Boring
Thank You
  • #137,675
  • Jun 17, 2009 12:59am Jun 17, 2009 12:59am
Quoting 4cfx
I learnt that from you, master
Lucky guess
Thank You
  • #137,676
  • Jun 17, 2009 12:59am Jun 17, 2009 12:59am
selling at the bottom damage me so bad. i lost almost 20% of my equity . dunno which way now , anyone have any suggestion ? i;m waiting the news passed and i like to go with the flow, no matter bear or bull.

yesterday trade
sell at 157.71 . i thought it will me major bearish

PS: still newbie need guidance from the expert around here
Just Newbie Need Guidance From The Expert
  • #137,677
  • Jun 17, 2009 1:01am Jun 17, 2009 1:01am
Quoting ubaidahsan
thanks bro ...

thanks

Ub
You're welcome. No new updates bro, I'm still holding dragon short
Thank You
  • #137,678
  • Jun 17, 2009 1:02am Jun 17, 2009 1:02am
triangle broken exposing downside.
go bears!
TRADE FOR SWAP
  • #137,679
  • Jun 17, 2009 1:02am Jun 17, 2009 1:02am
Quoting NoviceInd
selling at the bottom damage me so bad. i lost almost 20% of my equity . dunno which way now , anyone have any suggestion ? i;m waiting the news passed and i like to go with the flow, no matter bear or bull.

yesterday trade
sell at 157.71 . i thought it will me major bearish

PS: still newbie need guidance from the expert around here
I assume you're talking about dragon.
Here are some insights : http://www.forexfactory.com/showpost...postcount=1392

Good luck
Thank You
  • #137,680
  • Jun 17, 2009 1:05am Jun 17, 2009 1:05am
Quoting wormboy
aye. or we could just halt at the 6275 level which was mentioned earlier and bounce again. Boring
Patience is the name of the game. All good things come to those who wait
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