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Cable Update (GBPUSD)

  • #141,301
  • Jun 30, 2009 11:04am Jun 30, 2009 11:04am
Quoting jack.canadia
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
Well Im out ... grabbed about 50 pips this morning.

Leaving sell orders all throughout the 6500-6600 area for an adjusted 6300 target.
  • #141,302
  • Jun 30, 2009 11:07am Jun 30, 2009 11:07am
Oh and the weekly pivot is at 6443. Just noticed.
  • #141,303
  • Jun 30, 2009 11:09am Jun 30, 2009 11:09am
well im long lookin for just under 1.6600 then short? maybe
  • #141,304
  • Jun 30, 2009 11:10am Jun 30, 2009 11:10am
Do you think will be a pullback now?

Quoting jack.canadia
Oh and the weekly pivot is at 6443. Just noticed.
  • #141,305
  • Jun 30, 2009 11:13am Jun 30, 2009 11:13am
Quoting simoneg
Not short, but waiting for short opportunity targeting 1.6338.
Noted , thanks ,
will wait for the right moment then .
  • #141,306
  • Jun 30, 2009 11:14am Jun 30, 2009 11:14am
Quoting jack.canadia
Well Im out ... grabbed about 50 pips this morning.

Leaving sell orders all throughout the 6500-6600 area for an adjusted 6300 target.
Might want to adjust the 6300 lower if the gblfx close below this ltl jack. Say byebye bulls if it does

See you tomorrow. Goodnite & trade safe everyone.
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Thank You
  • #141,307
  • Jun 30, 2009 11:17am Jun 30, 2009 11:17am
Quoting pino2
I'm short and my TP is 1.6355, I'll add more shorts @ 1.6520 area if reached
seem likes scalping zone at ths moment.
wish for a rally to south in asia market open .
what do u think ?
  • #141,308
  • Jun 30, 2009 11:20am Jun 30, 2009 11:20am
Quoting jack.canadia
Oh and the weekly pivot is at 6443. Just noticed.
today`s g/u move stopped dead on the 61fib of the last upmove starting from 1.6234
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #141,309
  • Jun 30, 2009 11:22am Jun 30, 2009 11:22am
Quoting djambazov84
today`s g/u move stopped dead on the 61fib of the last upmove starting from 1.6234

yes yes!
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  • #141,310
  • Jun 30, 2009 11:31am Jun 30, 2009 11:31am
Quite a ride today!

Cable got hit in the face twice today: We got a sharp pound reversal after bad economic numbers, followed by a dollar reversal when U.S. markets opened.

Time to re-evaluate the strategy...
  • #141,311
  • Jun 30, 2009 11:37am Jun 30, 2009 11:37am
Well, if u are not already in...I would say stay out at this critical juncture and wait for confirmation of direction. Better to be out looking in and than in wishing someone would throw you a rope and pull you out , which does not happen in trading...so grab the popcorn and put the safety back on. Another trade setup will come.
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  • #141,312
  • Jun 30, 2009 11:43am Jun 30, 2009 11:43am
Quoting jack.canadia
I am already long actually!
Quoting forexlion
i am waiting for confirmation on 15 min to enter

and I think I have 1 hour more to decide on that
I did not bother to enter the long , the Risk/Reward was too high
  • #141,313
  • Jun 30, 2009 11:44am Jun 30, 2009 11:44am
my view.......
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  • #141,314
  • Jun 30, 2009 11:45am Jun 30, 2009 11:45am
Quoting wormboy
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.
  • #141,315
  • Jun 30, 2009 11:48am Jun 30, 2009 11:48am
Quoting Nick35
my view.......
sorry if this sounds odd

but i think a few more hundred of those S'/R lines would make the trend even clearer, what do u say
  • #141,316
  • Jun 30, 2009 11:50am Jun 30, 2009 11:50am
Quoting Nick35
my view.......

WOW!! That's one hell of a view!....
Ghost Rider - WWTBMD?
  • #141,317
  • Jun 30, 2009 12:08pm Jun 30, 2009 12:08pm
i bet you guys my ridiculous government salary(i dont work for the government but i always wanted to say this phrase) that gbpusd will see 1.6500...
  • #141,318
  • Jun 30, 2009 12:23pm Jun 30, 2009 12:23pm
Quoting Nick35
my view.......
I like the potential for a Head and Shoulders. Its projection gives you a safe target in the 6200's.

Short orders at 6535/45/75 with a 6250 target.
  • #141,319
  • Jun 30, 2009 12:25pm Jun 30, 2009 12:25pm
Quoting simoneg
Well, if u are not already in...I would say stay out at this critical juncture and wait for confirmation of direction. Better to be out looking in and than in wishing someone would throw you a rope and pull you out , which does not happen in trading...so grab the popcorn and put the safety back on. Another trade setup will come.
Well, my longs (1.6394, 1.6343, 1.6305) from last week are still running. But I guess they doesn't look as attractive as they did this morning. Been offline since around 08 CET, so I missed most of the action...
I've moved SL to BE now, doesn't seem likely to close out tonight, unless Wall Street tanks at the end. Short term the dollar looks a bit overdone to the upside, but the pound got a bad nosebleed... Going 1.6745+ this week doesn't seem likely right now. Keeping an eye on stocks, dollar for now.
  • #141,320
  • Edited 12:39pm Jun 30, 2009 12:28pm | Edited 12:39pm
Quoting ganymedes
Well, my longs (1.6394, 1.6343, 1.6305) from last week are still running. But I guess they doesn't look as attractive as they did this morning. Been offline since around 08 CET, so I missed most of the action...
I've moved SL to BE now, doesn't seem likely to close out tonight, unless Wall Street tanks at the end. Short term the dollar looks a bit overdone to the upside, but the pound got a bad nosebleed... Going 1.6745+ this week doesn't seem likely right now. Keeping an eye on stocks, dollar for now.

Wow, but those positions would have matured some healthy pips this morning, where did u have your TP? 1.6742 was hit this am.
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