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Cable Update (GBPUSD)

  • #141,601
  • Jul 1, 2009 6:02am Jul 1, 2009 6:02am
Wow, 6 hours of watching paint dry. Seems everyone is waiting on news I guess. Wish it would get here quickly.....
Ghost Rider - WWTBMD?
  • #141,602
  • Jul 1, 2009 6:03am Jul 1, 2009 6:03am
Welp, went for a jog, came back & price is still pretty much where it was when I left. So, I'm still bearish.
Here's what the H1 looks like to be forming atm. Off course since I'm still holding short I'll be projecting things out hoping that it goes my way
But 6470 is still intact, so bearish.

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gu1q.JPG Size: 74 KB
Thank You
  • #141,603
  • Jul 1, 2009 6:06am Jul 1, 2009 6:06am
There is a Harami (Inside Bar) on the H4 chart....I might know what I'm doing...
Never Stop Learning...
  • #141,604
  • Jul 1, 2009 6:11am Jul 1, 2009 6:11am
Closing long @ 1.6435 +35pips

short @ 1.6435... SL 16505....TP..... open

Don't like the way price action is behaving
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,605
  • Jul 1, 2009 6:14am Jul 1, 2009 6:14am
Quoting wormboy
Welp, went for a jog, came back & price is still pretty much where it was when I left. So, I'm still bearish.
Here's what the H1 looks like to be forming atm. Off course since I'm still holding short I'll be projecting things out hoping that it goes my way
But 6470 is still intact, so bearish.

Good luck
WE can hope together now..... my signal has just changed to down
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,606
  • Jul 1, 2009 6:17am Jul 1, 2009 6:17am
Quoting Bull_Bear
WE can hope together now..... my signal has just changed to down
and redrose too ,

so we all r Short

Let's Go DOwnnnnnnn
  • #141,607
  • Jul 1, 2009 6:18am Jul 1, 2009 6:18am
GBPUSD Analysis.

After breaking above 1.6662 previous high resistance, GBPUSD drops sharply from 1.6743 level. Deeper decline would more likely be seen later today, and target would be at 1.6250-1.6300 area. Key resistance is at 1.6743, only rise above this level will signal further rally to 1.7000 zone.
  • #141,608
  • Jul 1, 2009 6:18am Jul 1, 2009 6:18am
Quoting Bull_Bear
WE can hope together now..... my signal has just changed to down
Hope is such a good word
Thank You
  • #141,609
  • Jul 1, 2009 6:20am Jul 1, 2009 6:20am
Quoting Bull_Bear
Closing long @ 1.6435 +35pips

short @ 1.6435... SL 16505....TP..... open

Don't like the way price action is behaving
Just curious BB, why the switch in bias? I also closed a small long (well my trailer was hit) but I still don't see anything that picks a direction. Am I missing something here you think?
Ghost Rider - WWTBMD?
  • #141,610
  • Jul 1, 2009 6:22am Jul 1, 2009 6:22am
Quoting wormboy
Hope is such a good word
if u plz Mr. WB , where can i find this book that it's ur favourit one "" Trading for a living by Alexander Elder"" ??
  • #141,611
  • Jul 1, 2009 6:23am Jul 1, 2009 6:23am
Quoting wormboy
Hope is such a good word
Hoping for a break of today's low for confirmation.

Hoping for 1.6200 ..... that's TP buddy
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,612
  • Jul 1, 2009 6:26am Jul 1, 2009 6:26am
roreki : pm me ur email address. I will send it over later.
Thank You
  • #141,613
  • Jul 1, 2009 6:26am Jul 1, 2009 6:26am
Quoting Bull_Bear
Hoping for a break of today's low for confirmation.

Hoping for 1.6200 ..... that's TP buddy
5300 here
Thank You
  • #141,614
  • Jul 1, 2009 6:27am Jul 1, 2009 6:27am
still don't know what to do.... may be market waiting for news.... boring
  • #141,615
  • Jul 1, 2009 6:29am Jul 1, 2009 6:29am
Quoting albchr
Just curious BB, why the switch in bias? I also closed a small long (well my trailer was hit) but I still don't see anything that picks a direction. Am I missing something here you think?
Firstly, Price action looking weak on approach to 1.6450, unable to take out high...... but its my personal built trading system change biased is what triggered me.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,616
  • Jul 1, 2009 6:30am Jul 1, 2009 6:30am
Quoting wormboy
5300 here
Dude, now i know why you said "HOPE"
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,617
  • Jul 1, 2009 6:33am Jul 1, 2009 6:33am
Quoting Bull_Bear
Dude, now i know why you said "HOPE"
No no, you mentioned "TP". You know I trade without having a tp, I just lock my profit as my trade progress. But, that's where my TP is as long as I'm not stopped out
Thank You
  • #141,618
  • Jul 1, 2009 6:34am Jul 1, 2009 6:34am
Quoting wormboy
roreki : pm me ur email address. I will send it over later.
Okay sir , Done
  • #141,619
  • Jul 1, 2009 6:35am Jul 1, 2009 6:35am
lets all short cable......i still hold my short from yesterday..go go down
  • #141,620
  • Jul 1, 2009 6:41am Jul 1, 2009 6:41am
Quoting wormboy
No no, you mentioned "TP". You know I trade without having a tp, I just lock my profit as my trade progress. But, that's where my TP is as long as I'm not stopped out
lets hope than bud......
Veni, Vidi, Vici (We came, we saw, we conquered)
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