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Cable Update (GBPUSD)

  • #141,641
  • Jul 1, 2009 7:36am Jul 1, 2009 7:36am
I guess they judged this as "ok it`s worse than expected but better than last time, so we are improving" = bullish.

I had longs arround 6520 from yesterday(added one more now) so i`m happy they thought it like this...

Just beware of the other news...
  • #141,642
  • Jul 1, 2009 7:37am Jul 1, 2009 7:37am
target 1.6575, up up
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  • #141,643
  • Jul 1, 2009 7:38am Jul 1, 2009 7:38am
Quoting Bull_Bear
Why didn't set your SL above resistance?
i dont risk too many pips, i play it low
  • #141,644
  • Jul 1, 2009 7:40am Jul 1, 2009 7:40am
Quoting Bull_Bear
Why didn't set your SL above resistance?
hey where do u suggest to SL???6540??? or where??

Ub
  • #141,645
  • Jul 1, 2009 7:42am Jul 1, 2009 7:42am
Quoting john123x
i dont risk too many pips, i play it low
See how price is rejecting resistence...... it might break, it might not but always good to stand behind a defense line.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,646
  • Jul 1, 2009 7:42am Jul 1, 2009 7:42am
lol
6470 is the level to beat. We're still bearish.
Thank You
  • #141,647
  • Jul 1, 2009 7:43am Jul 1, 2009 7:43am
Quoting ubaidahsan
hey where do u suggest to SL???6540??? or where??

Ub
1.6505 was my original but i move that a bit to 1.6510
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,648
  • Jul 1, 2009 7:45am Jul 1, 2009 7:45am
Quoting wormboy
lol
6470 is the level to beat. We're still bearish.
so its not easy for gu to break 65xx right??

Ub
  • #141,649
  • Jul 1, 2009 7:47am Jul 1, 2009 7:47am
Quoting Bull_Bear
1.6505 was my original but i move that a bit to 1.6510
or if in any case it is hitted so what will be your next step??to go long??or wait for another selling signal??

Ub
  • #141,650
  • Jul 1, 2009 7:48am Jul 1, 2009 7:48am
Quoting wormboy
lol
6470 is the level to beat. We're still bearish.
WB, I have a PM for you, thks. He he.
  • #141,651
  • Jul 1, 2009 7:52am Jul 1, 2009 7:52am
Quoting ubaidahsan
or if in any case it is hitted so what will be your next step??to go long??or wait for another selling signal??

Ub
One step at a time my friend..... break above that and it's likely yes, cos we are against the trend, with the view of that breaking.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #141,652
  • Jul 1, 2009 7:53am Jul 1, 2009 7:53am
Quoting ubaidahsan
so its not easy for gu to break 65xx right??

Ub
who knows. you're holding short from 6720 no? why are you sweating?
wait till the commotion dies down, you'll get a better view then.
keep a level head. being hysterical doesn't help in trading my friend.
Thank You
  • #141,653
  • Jul 1, 2009 7:53am Jul 1, 2009 7:53am
Quoting wormboy
lol
6470 is the level to beat. We're still bearish.
yes..that right
  • #141,654
  • Jul 1, 2009 7:56am Jul 1, 2009 7:56am
Well that was a nice little opportunity to short from. Short 6490.

Win or loose I'm just happy to something happening....
Ghost Rider - WWTBMD?
  • #141,655
  • Jul 1, 2009 7:56am Jul 1, 2009 7:56am
Quoting wormboy
who knows. you're holding short from 6720 no? why are you sweating?
wait till the commotion dies down, you'll get a better view then.
keep a level head. being hysterical doesn't help in trading my friend.
Ok bro i will care about it now

Ub
  • #141,656
  • Jul 1, 2009 8:08am Jul 1, 2009 8:08am
Been long all morning and I am looking, hoping, to target the top of this triangle, Even with that news release yesterday couldnt pop it.

NE
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  • #141,657
  • Jul 1, 2009 8:09am Jul 1, 2009 8:09am
though i still expect the cable to sell since 4Hrs still retains the sell trend. i however feel that the cable will buy to an extent(thus retracing some of the sell trend of yesterday). this retracement can however develop into a trend( u know u cant be so sure) so what i suggest to to follow the trend as it develops. it might buy to 1.6566 before it resumes the sell or continues the buy.i will suggest u do nothing now as i have already existed my buy position where i targeted 50pips.if You are still in the sell position from yesterday, i suggest to put your SL above 1.6566 (say 1.6580).if you cant take that then take your profit and wait for the sell to resume again (if it will). i prefare to follow the trend than to predict it
i have tried to start trades with a trend, now i prefer to follow the trend
  • #141,658
  • Jul 1, 2009 8:09am Jul 1, 2009 8:09am
I m open buy too

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S + R = $$$

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  • #141,659
  • Jul 1, 2009 8:12am Jul 1, 2009 8:12am
Maybe I am missing something, but the last I looked the 4 Hr trend was UP.

Quoting jereajali
though i still expect the cable to sell since 4Hrs still retains the sell trend. i however feel that the cable will buy to an extent(thus retracing some of the sell trend of yesterday). this retracement can however develop into a trend( u know u cant be so sure) so what i suggest to to follow the trend as it develops. it might buy to 1.6566 before it resumes the sell or continues the buy.i will suggest u do nothing now as i have already existed my buy position where i targeted 50pips.if You are still in the sell position from yesterday, i suggest...
  • #141,660
  • Jul 1, 2009 8:14am Jul 1, 2009 8:14am
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if you want to buy, buy GBPUSD..
if you want to sell, sell EURUSD,

______________________

S + R = $$$

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