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Cable Update (GBPUSD)

  • #143,361
  • Jul 6, 2009 10:52pm Jul 6, 2009 10:52pm
Quoting redrose
Thanks Garshid i do not know
i have feeling we are getting into trap
as no ne low has occured from breaking the wave as it is correction wave 4 on daily

i need to confirm if we are in bear then have to break new low in candle but is no new low and ready to make up any moment
for me as long as PA still below H4 61.8% ~ 1.6480/1.65 bear still in the camp...otherwise ranging back before new decision...anyway my LTL is not yet touch @ ~ 1.5930/20 area and am looking at 38.2%-50% H4 retracement with SL @ 61.8%...break 61.8% north take over then ranging i believe....1.6340/50 is the retracement area i believe...so i will put my SL after 3.30pm Msia time...see what happen..Good luck
  • #143,362
  • Jul 6, 2009 11:02pm Jul 6, 2009 11:02pm
Thanks Grashid


What price is your short ??

and Locked profit at what price ?
  • #143,363
  • Jul 6, 2009 11:03pm Jul 6, 2009 11:03pm
price is now at ML of daily channel. altough i think the next target is LTL of channel, i'll be very careful today. yesterday on daily chart we have a doji which make me to pay attentin to today candle.

trade safe
Attached Image (click to enlarge)
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  • #143,364
  • Jul 6, 2009 11:05pm Jul 6, 2009 11:05pm
Quoting malcolmb14
1.6400 is my bull/ bear line

we need retracement to entice new seller
day open is 1.62834 we just kiss it and Timmberrrrrrrrrrrrrrr ........
  • #143,365
  • Jul 6, 2009 11:07pm Jul 6, 2009 11:07pm
Quoting redrose
Thanks Grashid


What price is your short ??

and Locked profit at what price ?
3 step of my entry..see back from my previous post
http://www.forexfactory.com/showpost...stcount=143362

...no locking atm and SL will be define after London Open...Good luck
  • #143,366
  • Jul 6, 2009 11:27pm Jul 6, 2009 11:27pm
quick spike to day open 1.62834, we just kiss it and Timmberrrrrrrrrrrrrrr ........

in 2 minutes RBA news
  • #143,367
  • Jul 6, 2009 11:33pm Jul 6, 2009 11:33pm
Here comes the drop I've been waiting for!
Any suggestions on when to exit shorts
  • #143,368
  • Jul 6, 2009 11:35pm Jul 6, 2009 11:35pm
Quoting woodlybog
Here comes the drop I've been waiting for!
Any suggestions on when to exit shorts
which drop .. where ??
  • #143,369
  • Jul 6, 2009 11:38pm Jul 6, 2009 11:38pm
Still not see it, where is the drop ? Anyway, where is support adn resistance ?
  • #143,370
  • Jul 6, 2009 11:39pm Jul 6, 2009 11:39pm
Entered a short scalp at 6280... just took a quick 10 pips, but debating on most of the position, with SL at 6300....?! Thoughts?!?!
  • #143,371
  • Jul 6, 2009 11:44pm Jul 6, 2009 11:44pm
Quoting woodlybog
Here comes the drop I've been waiting for!
Any suggestions on when to exit shorts
at now cable is going up. u must be in short
  • #143,372
  • Jul 6, 2009 11:48pm Jul 6, 2009 11:48pm
Quoting MuddBugg
at now cable is going up. u must be in short
I ..... am short from here
  • #143,373
  • Jul 6, 2009 11:49pm Jul 6, 2009 11:49pm
Quoting forexlion
I ..... am short from here
Rather day open was the best place to enter a short, as this is also the decision level
  • #143,374
  • Jul 6, 2009 11:49pm Jul 6, 2009 11:49pm
Quote
I ..... am short from here

Glad to see I'm not the only one.... what is your exit target, Lion?!
  • #143,375
  • Jul 6, 2009 11:50pm Jul 6, 2009 11:50pm
Quoting woodlybog
Glad to see I'm not the only one.... what is your exit target, Lion?!
1.5778 , not this week though

or wherever 1 hour swings back up
  • #143,376
  • Jul 6, 2009 11:53pm Jul 6, 2009 11:53pm
Quote
1.5778 , not this week though

That was Malcomb's target to (or close to it)....hmmm... maybe I should just be patient and let it ride.
  • #143,377
  • Jul 7, 2009 12:00am Jul 7, 2009 12:00am
Jack whats ur view?
  • #143,378
  • Jul 7, 2009 12:00am Jul 7, 2009 12:00am
Wait for 325, then take it from there?
  • #143,379
  • Jul 7, 2009 12:03am Jul 7, 2009 12:03am
Quoting alex1976
Wait for 325, then take it from there?
below 6300 im still bearish and even more so below the daily pivot at 6238
  • #143,380
  • Jul 7, 2009 12:03am Jul 7, 2009 12:03am
Quoting forexlion
1.5778 , not this week though

or wherever 1 hour swings back up
1.6283 was a very good entry

Timberrrrrrr .........
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