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Cable Update (GBPUSD)

  • #140,661
  • Jun 28, 2009 5:40pm Jun 28, 2009 5:40pm
Guys this is a range until its broken. Buy near 6200/6300 sell near 6500/6600.
  • #140,662
  • Jun 28, 2009 5:49pm Jun 28, 2009 5:49pm
I held a short over the weekend at 6515. My target is 6450.
Attached Image (click to enlarge)
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  • #140,663
  • Jun 28, 2009 5:57pm Jun 28, 2009 5:57pm
Quoting jack.canadia
I held a short over the weekend at 6515. My target is 6450.
Jack, kindly comment on this post

http://www.forexfactory.com/showpost...&postcount=461
  • #140,664
  • Jun 28, 2009 6:18pm Jun 28, 2009 6:18pm
GBP Trade levels

1,6607 - 1,664 - 1,6678 - 1,6711 - 1,675

1,6535

1,6504 - 1,646 - 1,6419 - 1,6402 - 1,6348

---------------------

S + R = $$$

.
  • #140,665
  • Jun 28, 2009 6:34pm Jun 28, 2009 6:34pm
Quoting jack.canadia
I held a short over the weekend at 6515. My target is 6450.
Very likely target, looks like an excellent trade. Stock markets finished weakly on Friday and it makes sense technically.

I'm looking for a range breakout, possibly within the next 4 trading days, direction following stock markets. Independent trends for the last couple of months: GBP is trending higher, while, more importantly, USD is moving sideways - or actually consolidating in a downtrend (inverse of GBPUSD). This, and Thursday's action in the stocks markets, makes me favor a break to the upside.

Strategy: Long, stops below range.
  • #140,666
  • Jun 28, 2009 6:46pm Jun 28, 2009 6:46pm
http://www.forexfactory.com/showpost.php?p=2833845&postcount=140649
Its all in the mind.
  • #140,667
  • Jun 28, 2009 7:13pm Jun 28, 2009 7:13pm
Quoting forexlion
Jack, kindly comment on this post

http://www.forexfactory.com/showpost...&postcount=461
Lion, did you get a fill on this trade? Nice work if you did.
  • #140,668
  • Jun 28, 2009 8:16pm Jun 28, 2009 8:16pm
Hi guys,
I'm not new to trading though I am new to explaining my reasoning and discussing them. I though that joining this thread would help me explain my trades to myself as much as to other people.
I'm looking forward to exchanging thoughts with you all.
  • #140,669
  • Jun 28, 2009 8:18pm Jun 28, 2009 8:18pm
Quoting jack.canadia
Lion, did you get a fill on this trade? Nice work if you did.
Got it sir, and closed nicely too sir
Attached Image (click to enlarge)
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  • #140,670
  • Jun 28, 2009 8:27pm Jun 28, 2009 8:27pm
Quoting jack.canadia
haha .. dont worry about posting. its a public forum, no one owns it other than forex factory!

if you have an idea, talk about it.
TF 1H

i don't know what i'm doing
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  • #140,671
  • Jun 28, 2009 8:29pm Jun 28, 2009 8:29pm
hard to see what can happen on asian session, i would like to wait until 7gmt to see how the price flows
prepare for worst & expect the best
  • #140,672
  • Jun 28, 2009 8:43pm Jun 28, 2009 8:43pm
Quoting forexlion
Got it sir, and closed nicely too sir
It looks so bloated, Its just many trades done at same time with a profit take of 30 pip..
prepare for worst & expect the best
  • #140,673
  • Jun 28, 2009 8:44pm Jun 28, 2009 8:44pm
Quoting tony_dtrader
hard to see what can happen on asian session, i would like to wait until 7gmt to see how the price flows
just for a morning coffee bro.... this is TF 4H

but

I don't know what i am doin' ....so don't trust me
Attached Image (click to enlarge)
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  • #140,674
  • Jun 28, 2009 8:51pm Jun 28, 2009 8:51pm
Quoting iqyusan
just for a morning coffee bro.... this is TF 4H

but

I don't know what i am doin' ....so don't trust me
On your chart, lookin at stochastic and the candles. If u really traded that, it should have been a splendid week for you .

BTW, i like how you have organized the stochastic and put the levels on them
prepare for worst & expect the best
  • #140,675
  • Jun 28, 2009 8:52pm Jun 28, 2009 8:52pm
Good Morning Guys...There is a bearish harami on that H4 chart..It may go down the range till 1.6230..
Never Stop Learning...
  • #140,676
  • Jun 28, 2009 8:53pm Jun 28, 2009 8:53pm
Quoting forexlion
Got it sir, and closed nicely too sir
An almost 3k profit on a sunday. Good for you!

.. Expect a bounce near 6440... 38.2% fib and Daily M2 pivot.
  • #140,677
  • Jun 28, 2009 8:57pm Jun 28, 2009 8:57pm
Correct me if I'm wrong, but don't we have a bull flag forming?
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  • #140,678
  • Jun 28, 2009 9:11pm Jun 28, 2009 9:11pm
Quoting tony_dtrader
On your chart, lookin at stochastic and the candles. If u really traded that, it should have been a splendid week for you .

BTW, i like how you have organized the stochastic and put the levels on them
I am just a newbie here bro....still must learn from master here .....

6400..will be critical for me..... if it did not break....i think she will fly but if break... i think she will dive....
  • #140,679
  • Jun 28, 2009 9:53pm Jun 28, 2009 9:53pm
Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #140,680
  • Jun 28, 2009 9:57pm Jun 28, 2009 9:57pm
Quoting malcolmb14
Attachment
pardon me, Malcolm. being a newbie, are you showing an upturn?
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