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Cable Update (GBPUSD)

  • #141,281
  • Jun 30, 2009 10:27am Jun 30, 2009 10:27am
Quoting forexlion
if 6432 holds out, i am considering longs back to the tops
You could afford to lose some after that small pullback
I have 6470 level as the support to break. I'll let the dogs .... I mean bears out if she close below. Else, I'll watch you take their money. Hehe.

2 superb trades today lion. You the man.
Thank You
  • #141,282
  • Jun 30, 2009 10:27am Jun 30, 2009 10:27am
Quoting wormboy
I say light a cigarette, book partial profit, lock the rest & screw those who are trying to go long. Your trade is safe & you have nothing to worry about.

I saw your short earlier. Nice job ub
thanks Bro i am using your formula and i saw a breakout there and i went short with tight SL and that risk rewarded and now my SL at 6530 thanks for everything..but i wish it will go down and it is retracing and making more space to go more down and hopeful tomorrow will be another selling day....

Ub
  • #141,283
  • Jun 30, 2009 10:28am Jun 30, 2009 10:28am
Quoting jack.canadia
Im just scalping some quick ones but WB im still with you on that 5300 test, but we wont get too far ahead of ourselves. 5800 first
hey Nick


what is your TP and SL??

Ub
  • #141,284
  • Jun 30, 2009 10:28am Jun 30, 2009 10:28am
Quoting jack.canadia
Yeah .. In any case the only place I am comfortable to short would be as per the chart I posted a few back. Baterrn 6550/6600 with a 5800 target.
Ok Cool!
Hero Traders Live to see their Accounts Die!
  • #141,285
  • Jun 30, 2009 10:29am Jun 30, 2009 10:29am
Quoting wormboy
5800? I love it .
5800 is a mission imposibble..long journey perhaps.. 62500 maybe yes..
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #141,286
  • Jun 30, 2009 10:29am Jun 30, 2009 10:29am
Quoting jack.canadia
Im just scalping some quick ones but WB im still with you on that 5300 test, but we wont get too far ahead of ourselves. 5800 first
bahahaha, I didn't mean you bro!
Thank You
  • #141,287
  • Jun 30, 2009 10:32am Jun 30, 2009 10:32am
Quoting Yngwie
5800 is a mission imposibble..long journey perhaps.. 62500 maybe yes..
That's what was said when they wanted to send man to the moon. That journey was even longer!
Thank You
  • #141,288
  • Jun 30, 2009 10:33am Jun 30, 2009 10:33am
Quoting ubaidahsan
hey Nick


what is your TP and SL??

Ub
TP = 6540
Sl = BE (am long from 6425)
  • #141,289
  • Jun 30, 2009 10:34am Jun 30, 2009 10:34am
Quoting ubaidahsan
thanks Bro i am...
Ub
Thank You
  • #141,290
  • Jun 30, 2009 10:38am Jun 30, 2009 10:38am
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  • #141,291
  • Jun 30, 2009 10:39am Jun 30, 2009 10:39am
Quoting wormboy
That's what was said when they wanted to send man to the moon. That journey was even longer!
Drive safely! LoL!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #141,292
  • Jun 30, 2009 10:40am Jun 30, 2009 10:40am
Quoting jack.canadia
TP = 6540
Sl = BE (am long from 6425)
  • #141,293
  • Jun 30, 2009 10:44am Jun 30, 2009 10:44am
Quoting Faryad
LOAD LONGS
6430 is the 38.2% from 2.12 to 1.35 so i just couldnt resist.
  • #141,294
  • Jun 30, 2009 10:46am Jun 30, 2009 10:46am
anybody short at this moment ??? what are the TP ??
could it be down untill 6338 ???
  • #141,295
  • Jun 30, 2009 10:49am Jun 30, 2009 10:49am
Quoting medsfx
anybody short at this moment ??? what are the TP ??
could it be down untill 6338 ???
Not short, but waiting for short opportunity targeting 1.6338.
Hero Traders Live to see their Accounts Die!
  • #141,296
  • Jun 30, 2009 10:50am Jun 30, 2009 10:50am
Quoting jack.canadia
6430 is the 38.2% from 2.12 to 1.35 so i just couldnt resist.
i have a long too @ 1.6430 targeting 1.6550 , what do u think ?
  • #141,297
  • Jun 30, 2009 10:51am Jun 30, 2009 10:51am
finaly in green today.. never ever q end trading
  • #141,298
  • Jun 30, 2009 10:53am Jun 30, 2009 10:53am
Quoting medsfx
anybody short at this moment ??? what are the TP ??
could it be down untill 6338 ???
I'm short and my TP is 1.6355, I'll add more shorts @ 1.6520 area if reached
  • #141,299
  • Jun 30, 2009 10:55am Jun 30, 2009 10:55am
Quoting roreki
i have a long too @ 1.6430 targeting 1.6550 , what do u think ?
pur your stop at break even. looks good. my target is 6540 but ive moved my stops up so i might be getting closed out soon.

anyway im looking to sell 6545 and 6570, target 6250, 6000 and 5800
  • #141,300
  • Jun 30, 2009 10:58am Jun 30, 2009 10:58am
in regards to the news that may have sparked this, worse than expected GDP numbers for UK (bad) and some news on mortgage delinquencies in the states causeing risk aversion, fall in equities = good for USD.

equals

nice sell off in GBP/USD .. fear has not left yet
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