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Cable Update (GBPUSD)

  • #138,521
  • Jun 19, 2009 10:05am Jun 19, 2009 10:05am
Quoting Ifty
Jack, the 1.6480 region seems to be a major resistance area. I am thinking of shorting again at that point, do you think its feasible?
Ya thats the daily R1 and still below 6500, so why not. Stop will be above 6500 .. about 20 pips .. not bad
  • #138,522
  • Jun 19, 2009 10:08am Jun 19, 2009 10:08am
Market preferred way for ended weeks
Attached Image (click to enlarge)
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  • #138,523
  • Jun 19, 2009 10:08am Jun 19, 2009 10:08am
Quoting jack.canadia
Ya thats the daily R1 and still below 6500, so why not. Stop will be above 6500 .. about 20 pips .. not bad
Nice one. Thanks for your help pal.
You've got to be IN IT to WIN IT!
  • #138,524
  • Edited 10:30am Jun 19, 2009 10:09am | Edited 10:30am
EU moves above his DP and EG moves below his DP made me feel comfortable hold long on 1.6390 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #138,525
  • Jun 19, 2009 10:09am Jun 19, 2009 10:09am
i have no clue, but if i had to guess i will guess long, but i can't afford to guess in this market thats why my is on the side line. good luck to all
  • #138,526
  • Jun 19, 2009 10:11am Jun 19, 2009 10:11am
Quoting Ifty
Nice one. Thanks for your help pal.
I put an order to sell right at 6480.
  • #138,527
  • Jun 19, 2009 10:19am Jun 19, 2009 10:19am
Quoting jack.canadia
I put an order to sell right at 6480.
I am right behind you bro. Lets see what happens. Hopefully a bucket full of pips.
You've got to be IN IT to WIN IT!
  • #138,528
  • Jun 19, 2009 10:21am Jun 19, 2009 10:21am
Quoting forexlion
i call this trading strategy as " kiss and run ", trade strong trend for quick money and exit fast.
in " kiss and run strategy you never allow the trade to go against you, see the lows

take quick profits and close, keep the lows to the minimum

in this kind of trading strategy you never need to bother about SL's
Attached Image
  • #138,529
  • Jun 19, 2009 10:28am Jun 19, 2009 10:28am
Quoting alexandru987
Now try to predict what happens next week.... ^.^
lol.
Think the tl on my charts from last week hadn't been violated and price is still below 6600 level. So I will stay bearish and hold on to my selling position. It's a personal view btw. Have a good one
Thank You
  • #138,530
  • Jun 19, 2009 10:29am Jun 19, 2009 10:29am
Quoting forexlion
in " kiss and run strategy you never allow the trade to go against you, see the lows

take quick profits and close, keep the lows to the minimum

in this kind of trading strategy you never need to bother about SL's
we got you man .. maybe a chart to show the new guys around here exactly how you enter these trades will be helpful to them

anyway..

heres a chart from me
Attached Image (click to enlarge)
Click to Enlarge Name: guanalysis.jpg Size: 129 KB
  • #138,531
  • Jun 19, 2009 10:31am Jun 19, 2009 10:31am
Quoting alexandru987
Now try to predict what happens next week.... ^.^
Here is my prediction for the next week:

And mind you I can guarantee my prediction will work, it always has worked. It is very simple prediction based on established nature principles, the sun will rise in the east and set in the west. this is my prediction.
  • #138,532
  • Jun 19, 2009 10:34am Jun 19, 2009 10:34am
Quoting jack.canadia
we got you man .. maybe a chart to show the new guys around here exactly how you enter these trades will be helpful to them

anyway..

heres a chart from me
here you go, i get specific trade levels, i follow them
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #138,533
  • Jun 19, 2009 10:43am Jun 19, 2009 10:43am
Where did the bulls go?
  • #138,534
  • Jun 19, 2009 10:46am Jun 19, 2009 10:46am
Quoting jack.canadia
Where did the bulls go?
??? Never there when you need them.
You've got to be IN IT to WIN IT!
  • #138,535
  • Jun 19, 2009 10:46am Jun 19, 2009 10:46am
where did that bear go, is he dead
  • #138,536
  • Jun 19, 2009 10:47am Jun 19, 2009 10:47am
Quoting Ifty
??? Never there when you need them.
Lets see.. my stop is just above 6500
  • #138,537
  • Jun 19, 2009 10:49am Jun 19, 2009 10:49am
Quoting jack.canadia
Lets see.. my stop is just above 6500
Move it higher or close...
That`s what i think at least....

They are comming for those stops
  • #138,538
  • Jun 19, 2009 10:49am Jun 19, 2009 10:49am
geppy your bull is running away, you had a good plan, we will see 1.6500 should of stuck it out. you made good pips tho, congrats
  • #138,539
  • Jun 19, 2009 10:50am Jun 19, 2009 10:50am
hahaha
  • #138,540
  • Jun 19, 2009 10:50am Jun 19, 2009 10:50am
Quoting jack.canadia
hahaha
Thats why u use stops ladies and gentlemen.
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