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Cable Update (GBPUSD)

  • #142,881
  • Jul 6, 2009 2:17am Jul 6, 2009 2:17am
how bout a retest of 186 before going short again?
  • #142,882
  • Jul 6, 2009 2:18am Jul 6, 2009 2:18am
Quoting ubaidahsan
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
Hi ub. Just stay with your position and move your stops as you go. H3, H4, H6 are still very bearish. Stay on the good side buddy

p/s : I don't know how to scalp.
Thank You
  • #142,883
  • Jul 6, 2009 2:18am Jul 6, 2009 2:18am
Quoting Proness
Went long at 6180! Damn

Never swim up river!



Trend is your friend!
  • #142,884
  • Jul 6, 2009 2:19am Jul 6, 2009 2:19am
I'm in for 186, need a small profit of atleast 5 pips, and then I'm going short!

Was hoping it would go up, since I missed going short at 6250.

If it still goes down, maybe I'll average at 6100~
~Bhavik
  • #142,885
  • Jul 6, 2009 2:20am Jul 6, 2009 2:20am
Quoting wormboy
Hi ub. Just stay with your position and move your stops as you go. H3, H4, H6 are still very bearish. Stay on the good side buddy

p/s : I don't know how to scalp.
thanks bro ..i know you are not scalper i made mistake i was ith 3 lot from 67xx but i closed 2 and that was mistake if i hold it till today so cash balance will be more then 1k but its ok better luck next time but please advice me to add another short...from where i can add another..with SL..

Ub
  • #142,886
  • Jul 6, 2009 2:22am Jul 6, 2009 2:22am
Well this is it for now.. fibo 38.2 for the highest and lowest few weeks ago.. aiming fibo 50 percent which is around 1.6230 before short any further..
  • #142,887
  • Jul 6, 2009 2:23am Jul 6, 2009 2:23am
Damn meeting.. i missed the party.. sob sob!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #142,888
  • Jul 6, 2009 2:25am Jul 6, 2009 2:25am
Still a chance to go up, showing an upward trend.
~Bhavik
  • #142,889
  • Jul 6, 2009 2:26am Jul 6, 2009 2:26am
short is up 146pip...added another one....looks like its going to be an easy downtrend pip makin today
  • #142,890
  • Jul 6, 2009 2:28am Jul 6, 2009 2:28am
Quoting mloistianto
Well this is it for now.. fibo 38.2 for the highest and lowest few weeks ago.. aiming fibo 50 percent which is around 1.6230 before short any further..

It's consolidation time....for a a bit before next drop.
  • #142,891
  • Jul 6, 2009 2:29am Jul 6, 2009 2:29am
Lets chase the bear to the South Pole.
Great Bodies are Engineered not Born
  • #142,892
  • Jul 6, 2009 2:30am Jul 6, 2009 2:30am
Quoting Salsettefx
short is up 146pip...added another one....looks like its going to be an easy downtrend pip makin today
Nice job
But, I think you added in a bit too low. I could be wrong.
Good luck
Thank You
  • #142,893
  • Jul 6, 2009 2:31am Jul 6, 2009 2:31am
Looking to sell again at 1.6175
  • #142,894
  • Jul 6, 2009 2:31am Jul 6, 2009 2:31am
Quoting Proness
Still a chance to go up, showing an upward trend.

Why are you posting random stuff? Not a single indicator shows an upward tend now.
  • #142,895
  • Jul 6, 2009 2:32am Jul 6, 2009 2:32am
Ah, I don't use indicators. However, it does look it will go up.
~Bhavik
  • #142,896
  • Jul 6, 2009 2:34am Jul 6, 2009 2:34am
Quoting Proness
Ah, I don't use indicators. However, it does look it will go up.

Yeah its retracing upwards before it resumes its downwards trend!

Stay with the trend which is now down!

You should be looking to sell the rallies!
  • #142,897
  • Jul 6, 2009 2:36am Jul 6, 2009 2:36am
Quoting Proness
Ah, I don't use indicators. However, it does look it will go up.
What is showing an upward trend then? If you are just using your eyeballs to make that judgment, then even that will show a downtrend.
  • #142,898
  • Jul 6, 2009 2:36am Jul 6, 2009 2:36am
Consolidation phase now..
http://azlankasim.net/gu_6jul09-3pm.gif
  • #142,899
  • Jul 6, 2009 2:36am Jul 6, 2009 2:36am
Quoting alex1976
Yeah its retracing upwards before it resumes its downwards trend!

Stay with the trend which is now down!

You should be looking to sell the rallies!
Do you recommend I put a SL at 65? Its hovering around that number.

Once I'm out, I can then start going short.

EDIT: Put a SL at 60, and going immediately short after that. BRB
~Bhavik
  • #142,900
  • Jul 6, 2009 2:40am Jul 6, 2009 2:40am
Quoting alex1976
Yeah its retracing upwards before it resumes its downwards trend!

Stay with the trend which is now down!

You should be looking to sell the rallies!
so many of you share the same sentiment thats it going down, plus IT IS going down....trend is the friend for the moment i guess
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