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Cable Update (GBPUSD)

  • #142,861
  • Jul 5, 2009 11:50pm Jul 5, 2009 11:50pm
I went long at 1.6226. Should see a nice bounce.
  • #142,862
  • Jul 5, 2009 11:50pm Jul 5, 2009 11:50pm
Quoting roreki
anyone thinking of going long @1.6200 ?
Waiting for a clear reversal signal is safer than picking top/bottom.
Just a thought.
Thank You
  • #142,863
  • Jul 5, 2009 11:51pm Jul 5, 2009 11:51pm
Quoting malcolmb14
take your meds ...... lol

long is not way to go unless very good at scalping. GBP futures tanking , dx heading up tomorrow , dj down
i was just kidding Malco don't worry am not that crazy ( not very good scalper )
still holding shortss @ 1.6423 , 1.6373
  • #142,864
  • Jul 5, 2009 11:55pm Jul 5, 2009 11:55pm
Quoting malcolmb14
be wary just in case .... seems odd they push in to support in Frankie right before London

I took my scalp off table for now , still have swing sell in place form 6433 with target 5800 , but again will have to see how us session plays out tomorrow
Meaning mother bear coming?
Great Bodies are Engineered not Born
  • #142,865
  • Jul 5, 2009 11:55pm Jul 5, 2009 11:55pm
breaking all supports
  • #142,866
  • Jul 5, 2009 11:56pm Jul 5, 2009 11:56pm
Quoting malcolmb14
be wary just in case .... seems odd they push in to support in Frankie right before London

I took my scalp off table for now , still have swing sell in place form 6433 with target 5800 , but again will have to see how us session plays out tomorrow

Of course we have to be cautious, but my SL is BE already. I have a feeling it will not drop violently. I think it will probably drag its feet towards 1.6150, 1.60,1.5850 and 1.5550 over the next days and weeks. Not too concerned about the test being during Frankfurt. Frankfurt is real thing for this pair unlike Asia.
  • #142,867
  • Jul 5, 2009 11:56pm Jul 5, 2009 11:56pm
Not. Stopped out.. shall wait for next hour to get clearer signal.
  • #142,868
  • Jul 5, 2009 11:59pm Jul 5, 2009 11:59pm
am soooooooooooooooooooooooo happy
  • #142,869
  • Jul 5, 2009 11:59pm Jul 5, 2009 11:59pm
Quoting Ferick
Well, given the fact that bears have been away ( vocation) for the past 4 months I think they are fat enough to carry me for a few weeks.
1.6180- confirms my theory of Bulls having broken backs.They will now only be able to limp alone downhill. No longer fear the bulls.
  • #142,870
  • Jul 6, 2009 12:01am Jul 6, 2009 12:01am
went for a safer place.. long @ 1.6177..
  • #142,871
  • Jul 6, 2009 12:03am Jul 6, 2009 12:03am
There she goes, Range over?
  • #142,872
  • Jul 6, 2009 12:04am Jul 6, 2009 12:04am
Quoting mloistianto
went for a safer place.. long @ 1.6177..
Careful buddy.
http://www.forexfactory.com/showpost...stcount=142520

We go there first

Good luck
Thank You
  • #142,873
  • Jul 6, 2009 12:07am Jul 6, 2009 12:07am
Quoting mloistianto
went for a safer place.. long @ 1.6177..
Why are you guys going long when we just broke MAJOR resistance to the downside? It's better to stay flat than go long at this point.
  • #142,874
  • Jul 6, 2009 12:08am Jul 6, 2009 12:08am
my account now is 225 % up
  • #142,875
  • Jul 6, 2009 12:09am Jul 6, 2009 12:09am
Congrats..you did well.
  • #142,876
  • Jul 6, 2009 12:09am Jul 6, 2009 12:09am
Quoting wormboy
Careful buddy.
http://www.forexfactory.com/showpost...stcount=142520

We go there first

Good luck

hey bro what do you think where we can go now??i am targeting 53xx what do you say or is there any other reversal point?????what do you suggest about scalping?try it or just stay with short?which i am holding since past week??

Ub
  • #142,877
  • Jul 6, 2009 12:09am Jul 6, 2009 12:09am
Quoting alex1976
There she goes, Range over?
Yes range is over, no doubt about it. We are officially in a downtrend now. Consolidation possible before next drop to 1.60.
  • #142,878
  • Jul 6, 2009 12:10am Jul 6, 2009 12:10am
Quoting Ferick
Why are you guys going long when we just broke MAJOR resistance to the downside? It's better to stay flat than go long at this point.

Exactly, we just broke major support in a 3 week range!!

Wait for pullback to go short or stay out!

Don't swim against the tide!
  • #142,879
  • Jul 6, 2009 12:14am Jul 6, 2009 12:14am
next station at 6083!!
  • #142,880
  • Jul 6, 2009 12:16am Jul 6, 2009 12:16am
Went long at 6180! Damn
~Bhavik
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