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Cable Update (GBPUSD)

  • #142,821
  • Jul 6, 2009 12:40am Jul 6, 2009 12:40am
Gap fill and dump?
  • #142,822
  • Jul 6, 2009 12:40am Jul 6, 2009 12:40am
Quoting Pham
Yea I agree. Hope it will test on the US session this day.

Pham.
Hi Pham, I m in VN too
  • #142,823
  • Jul 6, 2009 12:40am Jul 6, 2009 12:40am
Quoting malcolmb14
do not be suckered into this up move .. odd how it comes under low volume and before London .... aka bull trap

  1. mal you forgot something
  2. we had a talk about day open
  3. watch

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
  • #142,824
  • Jul 6, 2009 12:41am Jul 6, 2009 12:41am
Last week like this day i lost so many dollars , now am getting it all back
  • #142,825
  • Jul 6, 2009 12:41am Jul 6, 2009 12:41am
Quoting roreki
added a short from 1.6323 again wiz big lots still bearish
well done roreki. I went short at that price too.
  • #142,826
  • Jul 6, 2009 12:43am Jul 6, 2009 12:43am
Quoting Ipips
well done roreki. I went short at that price too.
well done to u too mate i think it's gonna be a full green pips week
  • #142,827
  • Jul 6, 2009 12:46am Jul 6, 2009 12:46am
Quoting forexlion

  1. mal you forgot something
  2. we had a talk about day open
  3. watch

$10 says down,....

just tested lower value area Friday , stayed under there - = bearish . also bear flag 5 min

I am selling rallies as well as have swing trade positions.

NOW if and only if we stay above 1.6325 for more than 30 min in LONDON session will I look for longs , other than that sells only it is

dollar index is going UP to 85 ..... gu down to 1.5800

I hit sell gu 6320 stop be

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN332.jpeg93.png Size: 211 KB
Blogging daily now at www.volume.zone
  • #142,828
  • Jul 6, 2009 12:52am Jul 6, 2009 12:52am
Got out for a quick profit. Need some stability first before I enter another trade.
  • #142,829
  • Jul 6, 2009 12:52am Jul 6, 2009 12:52am
Quoting malcolmb14
$10 says down,....

just tested lower value area Friday , stayed under there - = bearish . also bear flag 5 min

I am selling rallies as well as have swing trade positions.

NOW if and only if we stay above 1.6325 for more than 30 min in LONDON session will I look for longs , other than that sells only it is

dollar index is going UP to 85 ..... gu down to 1.5800

I hit sell gu 6320 stop be

Attachment

  1. my exit was day open as i discussed with you
  2. only a stable move above day open can force me to consider longs above this level
  3. the biggest hurdle is that this is also previous week close
  4. so nothing above it unless we have a minimum of 4 hour trend, which does not exist

  • #142,830
  • Jul 6, 2009 12:52am Jul 6, 2009 12:52am
Quoting jack.canadia
Possible sell between 6320/30 on a gap fill.
  • #142,831
  • Jul 6, 2009 12:54am Jul 6, 2009 12:54am


Quoting jack.canadia
  • #142,832
  • Jul 6, 2009 1:01am Jul 6, 2009 1:01am
What price did you get in at Jack?

Quoting jack.canadia
  • #142,833
  • Jul 6, 2009 1:10am Jul 6, 2009 1:10am
Quoting malcolmb14
$10 says down,....

I am selling rallies as well as have swing trade positions.

NOW if and only if we stay above 1.6325 for more than 30 min in LONDON session will I look for longs , other than that sells only it is



Attachment
thank you, bro
a nice advice for next few hour
at last i`ve found a holygrail........
  • #142,834
  • Jul 6, 2009 1:11am Jul 6, 2009 1:11am
Quote
do not be suckered into this up move .. odd how it comes under low volume and before London .... aka bull trap

YUP... she just tanked.... took 40 pips... thanks Mal
  • #142,835
  • Jul 6, 2009 1:11am Jul 6, 2009 1:11am
bye bye GBP
  • #142,836
  • Jul 6, 2009 1:11am Jul 6, 2009 1:11am
Bear in full command now
My edge ===> Patience
  • #142,837
  • Jul 6, 2009 1:13am Jul 6, 2009 1:13am
Quoting malcolmb14
do not be suckered into this up move .. odd how it comes under low volume and before London .... aka bull trap
Right on the money as always. Classic bull trap. I am holding my short and have no intention of abandoning it unless there is a sharp rejection at 1.62 area. I am keeping an eye on EUR/GBP - looking to see if it breaks .8630. That would give me another confirmation of the bearish view for GBP.
  • #142,838
  • Jul 6, 2009 1:19am Jul 6, 2009 1:19am
Quoting malcolmb14
$10 says down,....

just tested lower value area Friday , stayed under there - = bearish . also bear flag 5 min

I am selling rallies as well as have swing trade positions.

NOW if and only if we stay above 1.6325 for more than 30 min in LONDON session will I look for longs , other than that sells only it is

dollar index is going UP to 85 ..... gu down to 1.5800

I hit sell gu 6320 stop be

Attachment

lovely ..... did that one with a hangover!!!
Blogging daily now at www.volume.zone
  • #142,839
  • Jul 6, 2009 1:20am Jul 6, 2009 1:20am
post small lot long @ 1.6249.. testing the support at outer area..
  • #142,840
  • Jul 6, 2009 1:23am Jul 6, 2009 1:23am
Quoting malcolmb14
lovely ..... did that one with a hangover!!!
showoff
Thank You
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