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Cable Update (GBPUSD)

  • #140,241
  • Jun 25, 2009 8:46am Jun 25, 2009 8:46am
Quoting malcolmb14
updating gj outlook ... as long as 158 holds we have seen some weakness at lower high pivots 4 hour ...

i am thinking down move in the making/

thart high volume on a doji close to utl is sellers hitting the market or a buying climax. ( sellers swamped the buyers by the looks of it)

Attachment
posted 4 hours charts gu and gj in asai with some volume set uops .. both trades working well on short side.
Blogging daily now at www.volume.zone
  • #140,242
  • Jun 25, 2009 8:53am Jun 25, 2009 8:53am
Quoting Nardino
Thanks Chris. We set out for the 1.6333 and 1.6233 from 1.6434 entry on just before London open. We've seen both support levels reached today.

I guess it's greed I suppose that I am still hoping it might just cut thru the 1.6230 into the 6220s. If it makes it fine if it doesn't I happy with 150+ pips for today.

On the caution side, I think reversal beckons around the 1.6230.
I don't think it's greed Benny. The 6200 - 6220 is a perfectly sound target and I still think it may get there. I moved my stop to 6270 just in case and got taken out. I could have left it at 6350 but THAT would have been greedy...LOL

This one trade is almost my monthly bills. When I add the ride up from Tuesday, it's quite a bit more than that. Life is good...
Ghost Rider - WWTBMD?
  • #140,243
  • Jun 25, 2009 8:54am Jun 25, 2009 8:54am
Quoting wormboy
You're welcome melady

Teh tarik ka? I'm in Penang, if you're here boleh la
ni aku kat bayan lepas tak nampak muka hg pun...dok ajak, PM....tak layan pun..siapa la diriku ini...sop sop
  • #140,244
  • Jun 25, 2009 8:58am Jun 25, 2009 8:58am
The tide is turning on the pounds sterling as it touches down on the 1.6233. A reversal flag have just been received on the hourly timeframe. The question is, will it retrace back to violate this support?

Experience tells me that the price might just drift out of sight whilst we wait for that illusive conclusion of 1.6230. For this reason, we're now out of the market at 1.6243 on cable.

http://www.siriusforex.com/gbp_reversal.jpg

A word of warning though; don't be left carrying the bag.
  • #140,245
  • Jun 25, 2009 9:00am Jun 25, 2009 9:00am
Quoting Ferick
But only when we stop making lower lows on 1H.

Here we go. Long at 1.6279. Stuck in the range once again.
  • #140,246
  • Jun 25, 2009 9:02am Jun 25, 2009 9:02am
i think it might be visit 1.6340-380 at the rest if the day
  • #140,247
  • Jun 25, 2009 9:04am Jun 25, 2009 9:04am
Quoting grashid
ni aku kat bayan lepas tak nampak muka hg pun...dok ajak, PM....tak layan pun..siapa la diriku ini...sop sop
please speak English ..... this is very rude to those that do not speak your language.


If you must post in another language please go open another thread.

I know your English is awesome .....seen your great posts over and over.
Blogging daily now at www.volume.zone
  • #140,248
  • Edited 9:07am Jun 25, 2009 9:06am | Edited 9:07am
Quoting albchr
I don't think it's greed Benny. The 6200 - 6220 is a perfectly sound target and I still think it may get there. I moved my stop to 6270 just in case and got taken out. I could have left it at 6350 but THAT would have been greedy...LOL

This one trade is almost my monthly bills. When I add the ride up from Tuesday, it's quite a bit more than that. Life is good...
LOL. Sometime it's better to be safe than sorry. The chart I posted below has a green dot signal for buy and that was why I chose to get of the position. I just checked and you would have been out of the market too by your stop.

On the bright side 191 pips is not bad for today.
  • #140,249
  • Jun 25, 2009 9:06am Jun 25, 2009 9:06am
malcolm, you're back.

Need to pick your brains. Do you see this recent downmove as another accumulation phase by SM for the next leg up? Or is this just a retracement?
  • #140,250
  • Jun 25, 2009 9:08am Jun 25, 2009 9:08am
am looking 1.6350/60 for GU to confirm my direction...Bull with inverted Doji in M15 and H4 such a nice double bottom..OS..Wait for another H4 for confirmation

For GY am watching 158.20 at my UTL with H4 formed nice pin bar atm...159.50..mmm

mmm nothing special with that news...i think...get us mess if we wait for it...just my 10 sen see how...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU M15.JPG Size: 61 KB
Click to Enlarge Name: GU H4.JPG Size: 81 KB
Click to Enlarge Name: GY M15.JPG Size: 59 KB
Click to Enlarge Name: GY H4.JPG Size: 74 KB
  • #140,251
  • Jun 25, 2009 9:08am Jun 25, 2009 9:08am
Quote:
Originally Posted by Geppyg http://www.forexfactory.com/images/buttons/viewpost.gif
I must be missing something...
Are you not supposed to add a position at support to go long....which support do you keep finding...to go long....

I have shorted in 6200 zone 5 times now..and it seems to easy to trade...sold the retracements every time....

All that are adding longs....

Point to add ...for scalps

200 220 ...no other place at all...( scalps only)



geppyg : could you care to tell us wat time frame and indicators to use for your style of scalping. would appreciate very much to a newbie like me.
  • #140,252
  • Jun 25, 2009 9:10am Jun 25, 2009 9:10am
look like the market is setting it self up for a big move, once the fed say something about the economy this pair is gonna make a big move
  • #140,253
  • Jun 25, 2009 9:11am Jun 25, 2009 9:11am
Quoting malcolmb14
please speak English ..... this is very rude to those that do not speak your language.


If you must post in another language please go open another thread.

I know your English is awesome .....seen your great posts over and over.
k k Master...So how you r doing mate?

Sorry if offense you and the rest...am more focus in this Old pair lately but am in the resting week till NFP....

Ok back to business...how the vol in M15...Bull take over?
  • #140,254
  • Jun 25, 2009 9:17am Jun 25, 2009 9:17am
What's your take? Do you have any observation you like to share about the price behavior around 1.6230-1.6250?
  • #140,255
  • Jun 25, 2009 9:17am Jun 25, 2009 9:17am
Quoting grashid
k k Master...So how you r doing mate?

Sorry if offense you and the rest...am more focus in this Old pair lately but am in the resting week till NFP....

Ok back to business...how the vol in M15...Bull take over?
so, how long does bernanke usually speak
  • #140,256
  • Jun 25, 2009 9:17am Jun 25, 2009 9:17am
Quoting Nardino
LOL. Sometime it's better to be safe than sorry. The chart I posted below has a green dot signal for buy and that was why I chose to get of the position. I just checked and you would have been out of the market too by your stop.

On the bright side 191 pips is not bad for today.

Not bad at all... My day went like this. Short 3 standard lots from 6580.

First TP for 1 lot 6430 - +150
Second TP for 1 lot 6300 - +280
Last lot SL hit at 6270 - +310

Think I'll go design some more wood carvings now...
Ghost Rider - WWTBMD?
  • #140,257
  • Jun 25, 2009 9:21am Jun 25, 2009 9:21am
move a sideeeeeeeeee bulls r back
  • #140,258
  • Jun 25, 2009 9:22am Jun 25, 2009 9:22am
Quoting Ferick
Here we go. Long at 1.6279. Stuck in the range once again.

Ok, SL at break even. Is 1.6450 to much to ask?
  • #140,259
  • Jun 25, 2009 9:24am Jun 25, 2009 9:24am
i think 1.6380 is so fair to me today
  • #140,260
  • Jun 25, 2009 9:28am Jun 25, 2009 9:28am
Quoting Ferick
Ok, SL at break even. Is 1.6450 to much to ask?
If this is a genuine reversal and not a retracement, then I would think 1.6450 is not too much to ask for. But it probably won't reach there today.
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