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Cable Update (GBPUSD)

  • #140,721
  • Jun 29, 2009 3:47am Jun 29, 2009 3:47am
I have missed rally from top today
ROBOT FOREX
  • #140,722
  • Jun 29, 2009 3:48am Jun 29, 2009 3:48am
Quoting Alastair
that is big
don't worry i can handle it and 1 pip = 10 cent , so not a big deal
  • #140,723
  • Jun 29, 2009 3:59am Jun 29, 2009 3:59am
Only take a trade at a pivot point, price right now is in "no mans land"!
  • #140,724
  • Jun 29, 2009 4:01am Jun 29, 2009 4:01am
557 or 426.
  • #140,725
  • Jun 29, 2009 4:02am Jun 29, 2009 4:02am
If price break 1.6535 i go long if break 1.6435 i go short
"Buy on fear, sell on greed !!!
  • #140,726
  • Jun 29, 2009 4:03am Jun 29, 2009 4:03am
Market just playing i think its all down today
  • #140,727
  • Jun 29, 2009 4:06am Jun 29, 2009 4:06am
Quoting Petar_Serbia
If price break 1.6535 i go long if break 1.6435 i go short
If price breaks 1.6535 again, I will go down for 40-50 pips as news were negative now about pound
ROBOT FOREX
  • #140,728
  • Jun 29, 2009 4:29am Jun 29, 2009 4:29am
Quoting Forbes55
If price breaks 1.6535 again, I will go down for 40-50 pips as news were negative now about pound
I think for short soon
"Buy on fear, sell on greed !!!
  • #140,729
  • Jun 29, 2009 4:32am Jun 29, 2009 4:32am
Quoting Forbes55
If price breaks 1.6535 again, I will go down for 40-50 pips as news were negative now about pound

Attached Image (click to enlarge)
Click to Enlarge Name: will make double top and down 4h.jpg Size: 93 KB
  • #140,730
  • Jun 29, 2009 4:35am Jun 29, 2009 4:35am
Still holding my short from 1.6553 targeting 1.6455
  • #140,731
  • Jun 29, 2009 4:42am Jun 29, 2009 4:42am
Quoting iqyusan
I think, unless theres a significantly big move down today, shorting is out of the picture. Might consolidate or go up for now.
prepare for worst & expect the best
  • #140,732
  • Jun 29, 2009 4:45am Jun 29, 2009 4:45am
Quoting malcolmb14
I am a day trader. I only work off 5 and 15 min charts with 50 - 100 pip trades as targets , works really nicely.
good to hear that mate...cheers
  • #140,733
  • Jun 29, 2009 4:48am Jun 29, 2009 4:48am
Quoting Forbes55
If price breaks 1.6535 again, I will go down for 40-50 pips as news were negative now about pound
... just less than expected. The figures for GBP are actually ok considering the financial climate and sentiment in the UK. I would consider another reason to short, not the reports that have been released so far.
  • #140,734
  • Jun 29, 2009 4:53am Jun 29, 2009 4:53am
Quoting tony_dtrader
I think, unless theres a significantly big move down today, shorting is out of the picture. Might consolidate or go up for now.
Looks like consolidation for now with a possible move North when US opens. For now, cable has completed just over half of its daily range, and is currently in the middle of the range. Looking for technical levels to go long as there are no important news reports today.
  • #140,735
  • Jun 29, 2009 5:03am Jun 29, 2009 5:03am
Quoting Limstylz
Looks like consolidation for now with a possible move North when US opens. For now, cable has completed just over half of its daily range, and is currently in the middle of the range. Looking for technical levels to go long as there are no important news reports today.

red data for UK, but she did not go down for more than 1 hour

last 4H candle close above previous 4H candle and above pivot

running green and pips protect :1 pip already

really dont know what i'm doing but i see this ...

will she make second top than goes down ???
  • #140,736
  • Jun 29, 2009 5:09am Jun 29, 2009 5:09am
i opened a short one @ 1.6542 my target would be 20-30 pips no more
  • #140,737
  • Jun 29, 2009 5:12am Jun 29, 2009 5:12am
GU will go to the 1,6590 ??
  • #140,738
  • Jun 29, 2009 5:13am Jun 29, 2009 5:13am
Quoting roreki
i opened a short one @ 1.6542 my target would be 20-30 pips no more
running 53 pips my friend... pip prorect : 1 .
  • #140,739
  • Jun 29, 2009 5:22am Jun 29, 2009 5:22am
Quoting iqyusan
red data for UK...
Just because the figures are painted in red, doesn't necessarily mean that the news is bad, just that they are less than expected. As with all news reports, they need to be taken into context and matched with technical levels.

I believe long is the safer option for the moment, however I am reserving entry for US open.
  • #140,740
  • Jun 29, 2009 5:22am Jun 29, 2009 5:22am
I open long at 1.6535
"Buy on fear, sell on greed !!!
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