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Cable Update (GBPUSD)

  • #142,861
  • Jul 6, 2009 1:50am Jul 6, 2009 1:50am
I went long at 1.6226. Should see a nice bounce.
  • #142,862
  • Jul 6, 2009 1:50am Jul 6, 2009 1:50am
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 6, 2009 1:51am Jul 6, 2009 1:51am
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 6, 2009 1:55am Jul 6, 2009 1:55am
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 6, 2009 1:55am Jul 6, 2009 1:55am
breaking all supports
  • #142,866
  • Jul 6, 2009 1:56am Jul 6, 2009 1:56am
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 6, 2009 1:56am Jul 6, 2009 1:56am
Not. Stopped out.. shall wait for next hour to get clearer signal.
  • #142,868
  • Jul 6, 2009 1:59am Jul 6, 2009 1:59am
am soooooooooooooooooooooooo happy
  • #142,869
  • Jul 6, 2009 1:59am Jul 6, 2009 1:59am
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 2:01am Jul 6, 2009 2:01am
went for a safer place.. long @ 1.6177..
  • #142,871
  • Jul 6, 2009 2:03am Jul 6, 2009 2:03am
There she goes, Range over?
  • #142,872
  • Jul 6, 2009 2:04am Jul 6, 2009 2:04am
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 2:07am Jul 6, 2009 2:07am
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 2:08am Jul 6, 2009 2:08am
my account now is 225 % up
  • #142,875
  • Jul 6, 2009 2:09am Jul 6, 2009 2:09am
Congrats..you did well.
  • #142,876
  • Jul 6, 2009 2:09am Jul 6, 2009 2:09am
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 2:09am Jul 6, 2009 2:09am
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 2:10am Jul 6, 2009 2:10am
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 2:14am Jul 6, 2009 2:14am
next station at 6083!!
  • #142,880
  • Jul 6, 2009 2:16am Jul 6, 2009 2:16am
Went long at 6180! Damn
~Bhavik
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