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Cable Update (GBPUSD)

  • #139,301
  • Jun 23, 2009 5:58am Jun 23, 2009 5:58am
Quoting Faryad
Short from 1.6310 t/p 30 pips
i will short from 16319,tp 16200
  • #139,302
  • Jun 23, 2009 6:00am Jun 23, 2009 6:00am
Quoting Bull_Bear
I trade the 4 major pair around the clock, I shorted @ 1.6275 cos I cross correlated with EUR thinking that it will halt the cable rise also there were minor resistance @ 1.6265. Cable has now hit the rising trend were resistance will come in again.
hope she breaks 6335... then fly ( only hope ....peace....)
  • #139,303
  • Jun 23, 2009 6:04am Jun 23, 2009 6:04am
Quoting Geppyg
Now adays to be honest...it is impossible to swing Cable...
I am fedup of coming out at break even..100 pips is more than enough..see profit take it..I have been caught by cable on 3 seperate occasion in this range ...

Lets see what it brings us today...
use rsi 2 at 1 hour and swing it, i just crossed 973 pips for today in multiple trades
  • #139,304
  • Jun 23, 2009 6:07am Jun 23, 2009 6:07am
BUY GBP/USD AT 1.6118. Stop at 1.6020. Profit targets at 1.6297, 1.6379.


Reason for Strategy:
The GBP/USD has been trending up for a while, and it is now falling in the shape of a bullish Gartley. The pair would have to pierce the channel on the 8hr Chart to enter, but it would be a minor breach. It will ideally take several days for this pattern to complete, so we will continue to monitor the trade over the course of the week.

Trade Invalidation
A move above 1.6565 before reaching point D would cancel the trade. Additionally, a move below 1.6020 would stop the trade out. Long bars in the CD leg near the entry would also invalidate this trade. Also, if the pattern comes within a 15 pips of hitting the entry, does not enter, and reaches T1, the trade is also invalidated



What is this pattern?Bullish Gartley - See all chart patterns
Attached Images
  • #139,305
  • Jun 23, 2009 6:10am Jun 23, 2009 6:10am
Quoting forexlion
use rsi 2 at 1 hour and swing it, i just crossed 973 pips for today in multiple trades
i just put this on my 1hr chart.
correct me if im wrong.
when it crosses down over the 70 you sell
when it crosses up over the 30 you buy.
Keep It Simple Stupid
  • #139,306
  • Jun 23, 2009 6:14am Jun 23, 2009 6:14am
Quoting Faryad
BUY GBP/USD...
one last dip into 6252 then shooting for 6400 this is the range for this week with top at friday close
  • #139,307
  • Jun 23, 2009 6:15am Jun 23, 2009 6:15am
Quoting iqyusan
hope she breaks 6335... then fly ( only hope ....peace....)
Every Bull and Bear has their day my friend, you are entitled to your opinion. Go against and I give you the K.O kidding mate...... start making real time calls, than you can start to prove your worthiness over time.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,308
  • Jun 23, 2009 6:17am Jun 23, 2009 6:17am
Quoting iqyusan
hope she breaks 6335... then fly ( only hope ....peace....)
Why do you come on here and try to fade...People like you should not be posting on here.....Why would you even dream of saying something like this...

Bull Bear I am with you matey....From Higer lower and in between..

Targets are still 1.6000 by Friday
Let Price determine your future!
  • #139,309
  • Jun 23, 2009 6:19am Jun 23, 2009 6:19am
Quoting Bull_Bear
Every Bull and Bear has their day my friend, you are entitled to your opinion. Go against and I give you the K.O kidding mate...... start making real time calls, than you can start to prove your worthiness over time.

  • #139,310
  • Jun 23, 2009 6:22am Jun 23, 2009 6:22am
Perfect.

Earlier post : http://www.forexfactory.com/showpost...stcount=139235

Good luck everyone.
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Thank You
  • #139,311
  • Jun 23, 2009 6:22am Jun 23, 2009 6:22am
Bears won't be able to make it today in my opinion. Due to big manipulation going on with Euro... But, i will wait to see what happens after NY open...
  • #139,312
  • Jun 23, 2009 6:27am Jun 23, 2009 6:27am
Quoting Geppyg
Why do you come on here and try to fade...People like you should not be posting on here.....Why would you even dream of saying something like this...

Bull Bear I am with you matey....From Higer lower and in between..

Targets are still 1.6000 by Friday
It's all about the green pips mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,313
  • Jun 23, 2009 6:28am Jun 23, 2009 6:28am
Quoting readerFX
Bears won't be able to make it today in my opinion. Due to big manipulation going on with Euro... But, i will wait to see what happens after NY open...
???
Attached Image
  • #139,314
  • Jun 23, 2009 6:32am Jun 23, 2009 6:32am
Quoting wormboy
Perfect.

Earlier post : http://www.forexfactory.com/showpost...stcount=139235

Good luck everyone.
This is what i have bro.....
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,315
  • Jun 23, 2009 6:41am Jun 23, 2009 6:41am
Quoting Bull_Bear
This is what i have bro.....
So you guys seeing this going 1.65 from here?
  • #139,316
  • Jun 23, 2009 6:45am Jun 23, 2009 6:45am
Quoting Bull_Bear
This is what i have bro.....
Slight difference from what I have.
But I've taken my profit off the table completely for shorts. Got stopped out with a bit of profit on eu as well. Hectic day at the office today so can't trade properly, so I guess a bit of $ would have to do for me today.
I'll try to get some analysis up as soon as I can for comparison later. Tho I still think there's still a bit of ranging more to go through & we might test 6400 again.
Good luck with your trading bro.
Thank You
  • #139,317
  • Jun 23, 2009 6:52am Jun 23, 2009 6:52am
Quoting Ipips
So you guys seeing this going 1.65 from here?
Wait and see where the 4 hour closes.... I will be more comfortable to see it close below 1.6300
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,318
  • Jun 23, 2009 7:13am Jun 23, 2009 7:13am
M30 bear, H4 bull Hmm ... imho says bull ... Long 1.6280, Sl + 8 pips, TP 1.6377 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #139,319
  • Jun 23, 2009 7:13am Jun 23, 2009 7:13am
i love this pair i missed my target by one pip i had it for 1.6211.
  • #139,320
  • Jun 23, 2009 7:14am Jun 23, 2009 7:14am
EUR also respecting top trend line..... hopefully that holds and Cable will drop
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Veni, Vidi, Vici (We came, we saw, we conquered)
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