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Cable Update (GBPUSD)

  • #140,681
  • Jun 28, 2009 9:59pm Jun 28, 2009 9:59pm
Quoting francish
pardon me, Malcolm. being a newbie, are you showing an upturn?

maybe

In reality we saw buyers in Fridays London and us session . The volume right now is low and price is just drifting down into support

1.6449 to 1.6420 is support zone. This is where we should expect to find some buying interest in London / Europe if it is to do a 1.6600 test
Blogging daily now at www.volume.zone
  • #140,682
  • Jun 28, 2009 10:09pm Jun 28, 2009 10:09pm
Quoting malcolmb14
maybe

In reality we saw buyers in Fridays London and us session . The volume right now is low and price is just drifting down into support

1.6449 to 1.6420 is support zone. This is where we should expect to find some buying interest in London / Europe if it is to do a 1.6600 test
i keep watching it ....that's 38 - 50% fibo of last friday movement too .
  • #140,683
  • Jun 28, 2009 11:30pm Jun 28, 2009 11:30pm
Quoting malcolmb14
ranging markets for those that swing trade are one of the very best markets to make money in I think . Place sells at top of range 100 pip stop buys at bottom 100 pip. One trader in here last week was putting sell order 50 pip under top of range with stop at top of range. You have to wait for the right time to place entry.

In regards to everyone winning all the time. I have posted week before last of my loss for the week. It was a very frustrating week for me. My brain was wired wrong. I really felt like I was buying tops and selling bottoms....
i did smell this when i make my call last 2 week and shift to GU after all my target in GY complete. But my bear bias in GY still remain unchanged as what i post in Aus..still very clear direction but for GU am only use M15 for 50-100pips scalp and last 2 week is the best for those who are playing M15 & H1 with 100-150pips target...This week till before NFP i saw seem to be happen again...

Am done for GU and as i say am taking my rest for this pair and only observe how my GY is going to my pit..

Anyway ..take ur time for rest and refreshing for a new good setting soon...

Maybe just a poor suggestion for you to try out M5/M15 entry and use H1 with 100pips max scalp target..usually its work for me...Maybe u can test at Demo to see the accuracy first..then decide for real acc...usually GU is good in M15 & H1 (50-100 target in ranging)...

Wish you happy trading and happy green pips ..Take care
  • #140,684
  • Jun 28, 2009 11:32pm Jun 28, 2009 11:32pm
Just my poor view...

http://www.forexfactory.com/showpost...postcount=1526
  • #140,685
  • Jun 29, 2009 12:08am Jun 29, 2009 12:08am
Quoting grashid
Just my poor view...

http://www.forexfactory.com/showpost...postcount=1526
Why it is called poor view?
Great Bodies are Engineered not Born
  • #140,686
  • Jun 29, 2009 12:24am Jun 29, 2009 12:24am
Market still in profit taking, so I think the bear will strong at the moment.

still hold my sell @ 6541
  • #140,687
  • Jun 29, 2009 12:39am Jun 29, 2009 12:39am
Quoting Just20pips
Market still in profit taking, so I think the bear will strong at the moment.

still hold my sell @ 6541
as a matter of interest where have you put your s/l?
Keep It Simple Stupid
  • #140,688
  • Jun 29, 2009 12:55am Jun 29, 2009 12:55am
Quoting grashid
i did smell this when i make my call last 2 week and shift to GU after all my target in GY complete. But my bear bias in GY still remain unchanged as what i post in Aus..still very clear direction but for GU am only use M15 for 50-100pips scalp and last 2 week is the best for those who are playing M15 & H1 with 100-150pips target...This week till before NFP i saw seem to be happen again...

Am done for GU and as i say am taking my rest for this pair and only observe how my GY is going to my pit..

Anyway ..take ur time for rest and refreshing...

I am a day trader. I only work off 5 and 15 min charts with 50 - 100 pip trades as targets , works really nicely.
Blogging daily now at www.volume.zone
  • #140,689
  • Jun 29, 2009 1:07am Jun 29, 2009 1:07am
To the downside. Entered a short at 1.6470. Looking to see if we break 1.6450. If so, will target 1.63
  • #140,690
  • Jun 29, 2009 1:09am Jun 29, 2009 1:09am
Quoting Alastair
as a matter of interest where have you put your s/l?
Pips protected +50 when floating +100. I'm long term trader, so I just let it touch my TP
  • #140,691
  • Jun 29, 2009 1:13am Jun 29, 2009 1:13am
Quoting Ferick
To the downside. Entered a short at 1.6470. Looking to see if we break 1.6450. If so, will target 1.63
seems top be fairly reasonable support around here.
entered long.
Keep It Simple Stupid
  • #140,692
  • Jun 29, 2009 1:23am Jun 29, 2009 1:23am
Quoting Alastair
seems top be fairly reasonable support around here.
entered long.

with a rapid mark down in frankfurt into support .... interesting
Blogging daily now at www.volume.zone
  • #140,693
  • Jun 29, 2009 1:30am Jun 29, 2009 1:30am
Quoting malcolmb14
with a rapid mark down in frankfurt into support .... interesting
seems to have died now...
Keep It Simple Stupid
  • #140,694
  • Jun 29, 2009 1:34am Jun 29, 2009 1:34am
Quoting Alastair
seems top be fairly reasonable support around here.
entered long.
You should have waited until we figure whether resistance holds. There is resistance in 1.6435-1.6450 area, but its being challenged. I am willing to dump my short at BE if we fail to get below 1.6450-1.6435. Dollar is looking Bullish so far this morning though, so I vote with the Bulls for now.
  • #140,695
  • Jun 29, 2009 1:34am Jun 29, 2009 1:34am
Malcomb, we going south?
  • #140,696
  • Jun 29, 2009 1:40am Jun 29, 2009 1:40am
Quoting alex1976
Malcomb, we going south?
selling rallies for now on 5 till we close above1.6465

may find support 1.6400 area

this rapid mark down in frankie does look like a bear trap though

Lower value area of Gu on Friday was 1.6465 . If we get above that and stay above that for more than 30 min then 80% chance we go to 1.6520 test
Blogging daily now at www.volume.zone
  • #140,697
  • Jun 29, 2009 2:12am Jun 29, 2009 2:12am
Quoting Ferick
You should have waited until we figure whether resistance holds. There is resistance in 1.6435-1.6450 area, but its being challenged. I am willing to dump my short at BE if we fail to get below 1.6450-1.6435. Dollar is looking Bullish so far this morning though, so I vote with the Bulls for now.

Another one bites the dust at BE. Went long on Euro at 1.4015 to target 1.41.
  • #140,698
  • Jun 29, 2009 2:21am Jun 29, 2009 2:21am
Quoting malcolmb14
selling rallies for now on 5 till we close above1.6465

may find support 1.6400 area

this rapid mark down in frankie does look like a bear trap though

Lower value area of Gu on Friday was 1.6465 . If we get above that and stay above that for more than 30 min then 80% chance we go to 1.6520 test
woww nice analysis broo what is next now???from where is elling signals???

Ub
  • #140,699
  • Jun 29, 2009 2:29am Jun 29, 2009 2:29am
Am looking to enter long on a retracement 1.6490 if we get there.

Any thoughts?

Nice commentry Malcolmb14.

cheers
  • #140,700
  • Jun 29, 2009 2:34am Jun 29, 2009 2:34am
Quoting pjpipster
Am looking to enter long on a retracement 1.6490 if we get there.

Any thoughts?

Nice commentry Malcolmb14.

cheers
well passed that level now.
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