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Cable Update (GBPUSD)

  • #141,081
  • Jun 30, 2009 2:11am Jun 30, 2009 2:11am
Quoting forexlion
not me

n try to follow macd it is the stupidest and yet the most effective idiotic indicator of market sentiment
Don't you find that MACD on the M5 chart to be a little choppy? I have used MACD on higher TF's in the past, but have always found the lower TF's to be very jittery.

Aside from which, are you looking for divergences? From your posted chart earlier, I couldn't correctly identify a divergence that would indicate a large pullback, rather a slowing down of the move... Could you clarify this for me please?
  • #141,082
  • Jun 30, 2009 2:11am Jun 30, 2009 2:11am
Short ...TP...6600
ROBOT FOREX
  • #141,083
  • Jun 30, 2009 2:18am Jun 30, 2009 2:18am
[quote=forexlion;2838544]I will be mighty impressed if GU manages to pull anything above 1.6768 this week

hey, can u explain your rationale behind this comment
  • #141,084
  • Jun 30, 2009 2:19am Jun 30, 2009 2:19am
Quoting forexlion
why do you want to end up on my ignore list

post chart with your comment

give proper reasoning

Ah sorry chaps! Sending this from my phone so cant post a chart...Rationale: 6724 is 1H Murray Math Line and price has not been able to break it decisively, despite the very good HPI. That tells me that PRICE is biased to the downside. I will hold this looking for a run down to previous resistance...which is now support 6665.

As I trade price...I hope that explains it for all

Cheers
  • #141,085
  • Jun 30, 2009 2:23am Jun 30, 2009 2:23am
Quoting Forbes55
Short ...TP...6600
I just TP about .6660
  • #141,086
  • Jun 30, 2009 2:24am Jun 30, 2009 2:24am
Quoting Zuke
Ah sorry chaps! Sending this from my phone so cant post a chart...Rationale: 6724 is 1H Murray Math Line and price has not been able to break it decisively, despite the very good HPI. That tells me that PRICE is biased to the downside. I will hold this looking for a run down to previous resistance...which is now support 6665.

As I trade price...I hope that explains it for all

Cheers
  • #141,087
  • Jun 30, 2009 2:32am Jun 30, 2009 2:32am
Quoting Zuke
Ah sorry chaps! Sending this from my phone so cant post a chart...Rationale: 6724 is 1H Murray Math Line and price has not been able to break it decisively, despite the very good HPI. That tells me that PRICE is biased to the downside. I will hold this looking for a run down to previous resistance...which is now support 6665.

As I trade price...I hope that explains it for all

Cheers
In addition to the above...I am only will to go long if price decisively breaks through 6724 and then retests this level as support and confidently hold. Until then, I am looking to sell into rallies.
  • #141,088
  • Jun 30, 2009 2:43am Jun 30, 2009 2:43am
Quoting Zuke
Short 6725..SL 76750...TP...6675
Taken 50% size at 6676 and moved stop to breakeven and will let the rest run to 6605
  • #141,089
  • Jun 30, 2009 2:52am Jun 30, 2009 2:52am
Quoting deryworlds
All rite Geppy Perhaps you're rite Not For a day peace Brov..
No Problems Young man...Its just that one starts it and the rest start to follow by posting dumb targets...Its not that I dont agree with your targets of course I do...I have posted my analysis of cable and whats and whys on wormboys thread...

I dont know why I think this move was just to trap the bulls...I cant be convinced about this move...Anysways.

I have to admit Made a loss on scalps for about 80 pips this morning still have my swings open from
1.6608
1.6645
1.6722---I forgot to mention this trade..

I will not be adding any more positions to my trades..

the loss on these trades could be about 15 % of my account..but I am willing to risk it..

Both have stops at 1.6800 for now will adjust stop accordingly...

I hope you have a good day

Also Keep it up Lion....You nailed it in one very good call...
Seems like you are in with the nationwide..

GeppyG
Let Price determine your future!
  • #141,090
  • Jun 30, 2009 3:25am Jun 30, 2009 3:25am
short @ .6734. target .6660 done +74pips
  • #141,091
  • Jun 30, 2009 3:31am Jun 30, 2009 3:31am
like I said before down to 6600 but I closed earlier so missed pips
ROBOT FOREX
  • #141,092
  • Jun 30, 2009 3:36am Jun 30, 2009 3:36am
Guyss any chances of getting down to 6500 atleast?? I had short at 6600????
  • #141,093
  • Jun 30, 2009 3:37am Jun 30, 2009 3:37am
Quoting amis0405
Guyss any chances of getting down to 6500 atleast?? I had short at 6600????
If you go there i will open a short
"Buy on fear, sell on greed !!!
  • #141,094
  • Jun 30, 2009 3:38am Jun 30, 2009 3:38am
Quoting Faryad
SHORT FROM 1.6695

  • #141,095
  • Jun 30, 2009 3:39am Jun 30, 2009 3:39am
Quoting Geppyg
Brov...there are no shortssssssss. your scalping can totally go wrong .......dont even attempt it you are on the wrong side...


Good Luck mate took a hit on a couple of shorts...thats it for me
GEPPY
  • #141,096
  • Jun 30, 2009 3:40am Jun 30, 2009 3:40am
long 6608 for a quick scalp..
already closed half after 20pips..and sl at be..
hopefully resistance turned support at 6600 area..
  • #141,097
  • Jun 30, 2009 3:41am Jun 30, 2009 3:41am
Quoting Geppyg
No Problems Young man...Its just that one starts it and the rest start to follow by posting dumb targets...Its not that I dont agree with your targets of course I do...I have posted my analysis of cable and whats and whys on wormboys thread...

I dont know why I think this move was just to trap the bulls...I cant be convinced about this move...Anysways.

I have to admit Made a loss on scalps for about 80 pips this morning still have my swings open from
1.6608
1.6645
1.6722---I forgot to mention this trade..

I will not be adding any more...
what is your target bro???i am holding short from 6720

Ub
  • #141,098
  • Jun 30, 2009 3:46am Jun 30, 2009 3:46am
Quoting Faryad
GEPPY
Brov I commented cos you scalp..

You can see that I am still holding swing positions which all are now in profit...but you scalp 30-40 pips...this could tear you up bro..

Good Luck bro...our bears are out again..hahaha
Let Price determine your future!
  • #141,099
  • Jun 30, 2009 3:46am Jun 30, 2009 3:46am
trend is up news just make noise and chance to buy deep
1.6595 1.6605 is very strong resistance
  • #141,100
  • Jun 30, 2009 3:48am Jun 30, 2009 3:48am
Quoting peyman
trend is up news just make noise and chance to buy deep
1.6595 1.6605 is very strong resistance
What are you on about this aint cpi mate its GDP.......LOL JUST A LIL NEWS....I GIVE UP.....
Let Price determine your future!
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