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Cable Update (GBPUSD)

  • #138,921
  • Jun 22, 2009 5:26am Jun 22, 2009 5:26am
Quoting Faryad
LONG FROM 1.6449
TP ?
  • #138,922
  • Jun 22, 2009 5:29am Jun 22, 2009 5:29am
Quoting wormboy
Care to illustrate it with a chart?
Especially with EU. h4 shows there's more room to go down. I'd like to see what buying you are talking about please.

Thank you.
I still see the same as I explained before...I can see cable reaching 1.6350 atleast as a minimum now.....These upmoves are just stop hunts imho.....

May be I am wrong.....
Let Price determine your future!
  • #138,923
  • Jun 22, 2009 5:31am Jun 22, 2009 5:31am
stock drop 1,4%.
  • #138,924
  • Jun 22, 2009 5:31am Jun 22, 2009 5:31am
Quoting wormboy
care to illustrate it with a chart?
Especially with eu. H4 shows there's more room to go down. I'd like to see what buying you are talking about please.

Thank you.
dear friend i trade for just 20-30 pips not go for long .. My indicator show me buying so i go ahead with it
  • #138,925
  • Jun 22, 2009 5:34am Jun 22, 2009 5:34am
Quoting Faryad
dear friend i trade for just 20-30 pips not go for long .. My indicator show me buying so i go ahead with it
what indicator are you using ??????
  • #138,926
  • Jun 22, 2009 5:35am Jun 22, 2009 5:35am
Take 22 pips n out thats what i called trading my friend
  • #138,927
  • Jun 22, 2009 5:42am Jun 22, 2009 5:42am
Quoting Faryad
Take 22 pips n out thats what i called trading my friend
Pls try to let us know what indicators or provide some charts so that others can benefit from your insight...
  • #138,928
  • Jun 22, 2009 5:45am Jun 22, 2009 5:45am
Quoting Geppyg
I still see the same as I explained before...I can see cable reaching 1.6350 atleast as a minimum now.....These upmoves are just stop hunts imho.....

May be I am wrong.....
I can understand where you're coming from regarding Cable. I posted this during last weekend's close :
http://www.forexfactory.com/showpost...postcount=1459

I still think we're not over the consolidation. And with the narrowing subtrendlines on the h4, Faryad might have a case on the buying, tho the last h4 close was bearish. That remains to be seen imho.
But, I just would like to know what he meant by buying regarding EU.

Have a good one
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.JPG Size: 66 KB
Thank You
  • #138,929
  • Jun 22, 2009 5:46am Jun 22, 2009 5:46am
Quoting wormboy
Wormboy, I'm kinda liking price action around the trend line for now bro, things can change drastically though, I see temporary price stabilization......Hanging with the Bulls for now.

Seems like everyone is split today......
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #138,930
  • Jun 22, 2009 5:47am Jun 22, 2009 5:47am
Quoting ipips
pls try to let us know what indicators or provide some charts so that others can benefit from your insight...
well surely i share with you pplz firstly let me check it for 2 3 dayz wheter its working good or not
  • #138,931
  • Jun 22, 2009 5:50am Jun 22, 2009 5:50am
Quoting Faryad
dear friend i trade for just 20-30 pips not go for long .. My indicator show me buying so i go ahead with it
Okay, I apologise for the misunderstanding. Tho a chart will always paint a better picture, I could truly understand the lack of it if you're scalping. But may I suggest that when you make a call, you mention on what tf you're taking the trade off from at. It can be really confusing at times trying to make out what some of those calls are based on.

Thank you
Thank You
  • #138,932
  • Jun 22, 2009 5:50am Jun 22, 2009 5:50am
I dont know what to do. Currently have 1 long @ 1.6460 (-8 pips)
Great Bodies are Engineered not Born
  • #138,933
  • Jun 22, 2009 5:53am Jun 22, 2009 5:53am
Quoting Bull_Bear
Wormboy, I'm kinda liking price action around the trend line for now bro, things can change drastically though, I see temporary price stabilization......Hanging with the Bulls for now.

Seems like everyone is split today......
BB, if you're referring to Cable then I perfectly understand, tho I would never put my money on any position with the tl narrowing too tight because usually once it breaks out, it is pretty violent.
If you're referring to EU's s/r @3830 I wouldn't put my money on bulls as that level is currently being challenged heavily & I still don't see any sign of strength.
I still see EU falling.

Have a good one buddy
Thank You
  • #138,934
  • Jun 22, 2009 5:54am Jun 22, 2009 5:54am
Quoting RichLadyFX
I dont know what to do. Currently have 1 long @ 1.6460 (-8 pips)
Me lady, when in doubt, stay out
Thank You
  • #138,935
  • Jun 22, 2009 5:56am Jun 22, 2009 5:56am
Quoting wormboy
Me lady, when in doubt, stay out
Thank you. Already put my SL@6380, see what happens lah. Now -ve 24 pips.
Great Bodies are Engineered not Born
  • #138,936
  • Jun 22, 2009 5:57am Jun 22, 2009 5:57am
Quoting Ferick
with a Sl at BE. Profit point to be determined later.
I am up and it looks like its still heading south. Bollinger bands getting closer to each other- and indication this thing may break out, chances are much higher it will be to the down side. Will hold my short for a possible test to 1.6220
  • #138,937
  • Jun 22, 2009 5:59am Jun 22, 2009 5:59am
I see cable falling from here on out for the next few hours... it seems like heavy resistance and selling is met with each rally. Watch for a test of day's lows later on..
  • #138,938
  • Jun 22, 2009 6:01am Jun 22, 2009 6:01am
Good morning all...

Now if everyone would check out the usd/cad and aud/usd (as I mentioned yesterday) and check the NYSE futures (DOWN) Should be a good day for the dollar... (I'm bearish on G/U today)
  • #138,939
  • Jun 22, 2009 6:02am Jun 22, 2009 6:02am
Well wormboy

as we all see eur/usd falling down but that indicator still showing buying signal ... Lets see what happen next ... No signal for cable
  • #138,940
  • Jun 22, 2009 6:03am Jun 22, 2009 6:03am
Quoting Ipips
I see cable falling from here on out for the next few hours... it seems like heavy resistance and selling is met with each rally. Watch for a test of day's lows later on..
Several hourly pins were being formed at day's lows earlier today around the 1.6400 area. If this is breached, we're going to fall to next area of consolidation at 1.6325 area
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