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Cable Update (GBPUSD)

  • #138,721
  • Jun 21, 2009 8:39pm Jun 21, 2009 8:39pm
Quoting RichLadyFX
[email protected]

Why long there?
  • #138,722
  • Jun 21, 2009 8:40pm Jun 21, 2009 8:40pm
Quoting deryworlds
Hi Jack...
hw Bout Ur view For Thz Week a Head
Thx Mate
Im on my laptop and dont feel like making up a chart .. but on the daily just connect the three highs with a downsloping trendline. .. I am bearish below that for the week..

Otherwise.. big sell at 6660 .. big buy at 5800 .. everything in between is range trading like last week, up down up down etc
  • #138,723
  • Jun 21, 2009 8:43pm Jun 21, 2009 8:43pm
At a nice little decision point
  • #138,724
  • Jun 21, 2009 8:44pm Jun 21, 2009 8:44pm
Quoting Ipips
Hello jack, yeah.. that was a possible buying opportunity. I entered long around there..not the best price though..
Stopped out at B/E, now long at a better price.
  • #138,725
  • Jun 21, 2009 8:46pm Jun 21, 2009 8:46pm
Quoting Ipips
Stopped out at B/E, now long at a better price.
I bought some more!

Price kept snapping up .. and on the hourly its forming a descending triangle but i interpret it more as a bull flag .. we'll see .. not much on risk here
  • #138,726
  • Jun 21, 2009 8:47pm Jun 21, 2009 8:47pm
Quoting Ferick
Why long there?
For the moment i'm scalping with very tight TP annd SL. Dont have clear direction yet.
Great Bodies are Engineered not Born
  • #138,727
  • Jun 21, 2009 8:51pm Jun 21, 2009 8:51pm
If we Close below 1.6450 in 2 hours ie before 5:00 we should see 1.6347.....
I am still holding trade 1 at 58 with a stop at 30..but will change my mind if I see the 4 houlry bar close below pivot.....
Let Price determine your future!
  • #138,728
  • Jun 21, 2009 8:51pm Jun 21, 2009 8:51pm
6400 is next support from here
  • #138,729
  • Jun 21, 2009 8:53pm Jun 21, 2009 8:53pm
Quoting RichLadyFX
For the moment i'm scalping with very tight TP annd SL. Dont have clear direction yet.

If you are in a bullish camp ( which I am not) I would wait for this to test 200 EMA (1.6390) on 1H and see how see how it behaves there.
  • #138,730
  • Jun 21, 2009 8:53pm Jun 21, 2009 8:53pm
Quoting RichLadyFX
For the moment i'm scalping with very tight TP annd SL. Dont have clear direction yet.
Direction is pretty much where we left off during last week's close - down. Easy trading
Pull up this chart : http://www.forexfactory.com/showpost...stcount=138631

Should price close below 6450 I suspect we'll see 62xx.

Anyway good luck.
Thank You
  • #138,731
  • Jun 21, 2009 8:54pm Jun 21, 2009 8:54pm
why 200 ema?

Quoting Ferick
If you are in a bullish camp ( which I am not) I would wait for this to test 200 EMA (1.6390) on 1H and see how see it behaves there.
Its all in the mind.
  • #138,732
  • Jun 21, 2009 8:54pm Jun 21, 2009 8:54pm
if 6450 holds .. i see a bounce to 6500/20 (daily m3 pivot 6521) before selling off, if it does ..

if it sells off from 6521, target is 6264 (daily M1 pivot)
  • #138,733
  • Jun 21, 2009 8:54pm Jun 21, 2009 8:54pm
Quoting wormboy
Direction is pretty much where we left off during last week's close - down. Easy trading
Pull up this chart : http://www.forexfactory.com/showpost...stcount=138631

Should price close below 6450 I suspect we'll see 62xx.

Anyway good luck.


how was the weekend bro? oh happy fathers day to any dads in here!
  • #138,734
  • Jun 21, 2009 8:56pm Jun 21, 2009 8:56pm
support 1 = 6400

support 2 = 6310

and then May be we see 6182.
Its all in the mind.
  • #138,735
  • Jun 21, 2009 8:58pm Jun 21, 2009 8:58pm
Quoting 5abi
why 200 ema?

I mean to say 200 MA? Why? Because it will give you a clearer directional bias. If it breaks it will probably go South, if not it will bounce back up.
  • #138,736
  • Jun 21, 2009 8:58pm Jun 21, 2009 8:58pm
Quoting jack.canadia


how was the weekend bro? oh happy fathers day to any dads in here!
Weekend was good brother. Was looking into some new ideas regarding trading. How was yours? Partied hard I hope
Thank You
  • #138,737
  • Jun 21, 2009 8:58pm Jun 21, 2009 8:58pm
My order since last friday still floating
Sell at 1.6550 and 1.6516, both set with TP at 1.6400
I already lock my profit by giving SL at 1.6500

is there any comment about going to 1.6400 ?
  • #138,738
  • Jun 21, 2009 9:00pm Jun 21, 2009 9:00pm
OK,

Well dont really know about the 200 MA but 6385 area is a good support.

Quoting Ferick
I mean to say 200 MA? Why? Because it will give you a clearer directional bias. If it breaks it will probably go South, if not it will bounce back up.
Its all in the mind.
  • #138,739
  • Jun 21, 2009 9:03pm Jun 21, 2009 9:03pm
Quoting dinxdinx
My order since last friday still floating
Sell at 1.6550 and 1.6516, both set with TP at 1.6400
I already lock my profit by giving SL at 1.6500

is there any comment about going to 1.6400 ?

I am in the same boat with a short from 1.6550 since Friday. Looking to see if we break 1.6390 during London session...If that happens I will target 1.6220.
  • #138,740
  • Jun 21, 2009 9:11pm Jun 21, 2009 9:11pm
Quoting forexlion
overall i am divided between 15 min and 1 hour MACD

I like long off 16450 right now for test 1.6600 in euro session
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