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Cable Update (GBPUSD)

  • #139,741
  • Jun 24, 2009 8:24am Jun 24, 2009 8:24am
Quoting wormboy
Mate I thought you were long earlier?
http://www.forexfactory.com/showthre...0378&page=9310 if you read my post you would of seen i was making fun of long, im not making fun now, anything is possible at this point.
  • #139,742
  • Jun 24, 2009 8:28am Jun 24, 2009 8:28am
Quoting MoeFx
it might hold this time, im short at 1.6587, s/l 1.6687, t/p 1.6283 i don't know what im doing
remember this trade 3hrs ago, im still in it.
  • #139,743
  • Jun 24, 2009 8:30am Jun 24, 2009 8:30am
Quoting MoeFx
http://www.forexfactory.com/showthre...0378&page=9310 if you read my post you would of seen i was making fun of long, im not making fun now, anything is possible at this point.
yes I know. I'm the one waiting for the breakout remember? lol

Anyway good luck.
Thank You
  • #139,744
  • Jun 24, 2009 8:32am Jun 24, 2009 8:32am
Quoting RichLadyFX
The grisly bear did come for a visit, albeit briefly.

rich lady .... a top may be forming but doubt it.

the last little dip was even shallower and had a low volume test to it.

today is one of those days you could get whipsawed to death if you are not fast on the trigger and fancy yourself as a scalper.


There is no buying interest yet at 1.6590 zone for breakout. If this is going to happen then it may not be toll after the fomc.

and i see dips being bought.

There could be a range setting up 1.6589 to 1.65100 , quiet nice , but i am still buying dips till .165100 is taken out , in fact got 68 pip this morning , may be only trade today till Asia
Blogging daily now at www.volume.zone
  • #139,745
  • Jun 24, 2009 8:33am Jun 24, 2009 8:33am
note vol on down move .. no selling interest very low volume

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Blogging daily now at www.volume.zone
  • #139,746
  • Jun 24, 2009 8:36am Jun 24, 2009 8:36am
trend-line
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  • #139,747
  • Jun 24, 2009 8:40am Jun 24, 2009 8:40am
Quoting malcolmb14
price will be moved around at fomc. I often do not trade this day. The porice fluctuates 50 pip every 10 min to screw the swing tradesr up , fast drops can often be shakes outs. But if proceeded by weakness in the background can signal reversals

I see no reason for sells yet in the volume , but with the buyers at 1.65100 until this is taken out I am buying dips if anything

most here seems to be missing the key ingredient ... simple price action. Dips are being bought , so why try to sell . Seems odd that dips being bought so close to a major resistance...
Just updated my blog with info you will be interested in

Specially in regards to the dollar

My Blog
  • #139,748
  • Jun 24, 2009 8:41am Jun 24, 2009 8:41am
Quoting MoeFx
remember this trade 3hrs ago, im still in it.
3 Hours ago and your SL did not get hit at 1.6587?
  • #139,749
  • Jun 24, 2009 8:43am Jun 24, 2009 8:43am
I'm outta here..... stay with the trend guys..... even at this moment cable has no breakout and is trapped within a triangle, probability is on your side if your with the trend..... buy on dips is a better strategy

Good Luck All
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #139,750
  • Jun 24, 2009 8:44am Jun 24, 2009 8:44am
Quoting Ferick
3 Hours ago and your SL did not get hit at 1.6587?
can you read ( im short at 1.6587, s/l 1.6687, t/p 1.6283 )
  • #139,751
  • Jun 24, 2009 8:45am Jun 24, 2009 8:45am
Quoting forexlion
Just updated my blog with info you will be interested in

Specially in regards to the dollar

My Blog
now i saw back my old fren keep serious in his trade...congrate mate in ur zulu..
  • #139,752
  • Jun 24, 2009 8:48am Jun 24, 2009 8:48am
Quoting RichLadyFX
The grisly bear did come for a visit, albeit briefly.
he just getting started
  • #139,753
  • Jun 24, 2009 8:48am Jun 24, 2009 8:48am
Quoting slykyn
trend-line

That's your jackpot mate. Don't hesitate to pull the trigger, break or bounce off that line.
Thank You
  • #139,754
  • Jun 24, 2009 8:49am Jun 24, 2009 8:49am
Quoting MoeFx
can you read ( im short at 1.6587, s/l 1.6687, t/p 1.6283 )
Sorry, my bad I thought 1.6587. I am short from that level too. Already +100 pips in less then 40 min. Nice!
  • #139,755
  • Jun 24, 2009 8:51am Jun 24, 2009 8:51am
Quoting grashid
now i saw back my old fren keep serious in his trade...congrate mate in ur zulu..
if the auction of us treasury notes falls short on demand, then we could see a very strong dollar sending GU to the bottom of the pit.

but if there is a high demand, then it will mean dead dollar.
  • #139,756
  • Jun 24, 2009 8:51am Jun 24, 2009 8:51am
Quoting grashid
..thanks mate..158.20 sell limit GY are in play with Sl=159.50
1.6580 GU sell limit also in play with SL=1.6680

P/S : For those newbiew, I introduce Mal is one of my Master beside Piter,Q and some of my buddy list in Aus....He is very nice and kind guys if you guys know how to convince him..otherwise..he will show u what he will..
thanks Rashid for your knowledge, reading the thread with interest. Malcolm, keep up the good work.
  • #139,757
  • Jun 24, 2009 8:52am Jun 24, 2009 8:52am
the bull is putting up a fight, not for long once the bear takes the head out
  • #139,758
  • Jun 24, 2009 8:53am Jun 24, 2009 8:53am
Quoting MoeFx
he just getting started
He comes again, perhaps longer this time.
Great Bodies are Engineered not Born
  • #139,759
  • Jun 24, 2009 8:54am Jun 24, 2009 8:54am
i am short too. hope the bear is strong enough
  • #139,760
  • Jun 24, 2009 8:54am Jun 24, 2009 8:54am
Quoting Ferick
Sorry, my bad I thought 1.6587. I am short from that level too. Already +100 pips in less then 40 min. Nice!
no problem.
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