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Cable Update (GBPUSD)

  • #144,001
  • Jul 8, 2009 3:18am Jul 8, 2009 3:18am
Quoting mcnonz
ok....i've closed the +ve pips.thanks .. btw...wat is pa?
Price Action
Let Price determine your future!
  • #144,002
  • Jul 8, 2009 3:21am Jul 8, 2009 3:21am
gosh my patience was dumb and nearly lost due to that entry....got out with 1 pip before it started going bad for me
waiting for a better entry...
With Great Money Management Comes Great Success PATIENCE
  • #144,003
  • Jul 8, 2009 3:23am Jul 8, 2009 3:23am
Quoting Spider-Man
gosh my patience was dumb and nearly lost due to that entry....got out with 1 pip before it started going bad for me
waiting for a better entry...
good you learn fast.. LOL.. there are a lot of rooms available to short.. Just wait..
  • #144,004
  • Jul 8, 2009 3:25am Jul 8, 2009 3:25am
what about long
  • #144,005
  • Jul 8, 2009 3:26am Jul 8, 2009 3:26am
you know what.....new sig as a reminder from now on
With Great Money Management Comes Great Success PATIENCE
  • #144,006
  • Jul 8, 2009 3:30am Jul 8, 2009 3:30am
Hi All,

On the attached graph there are two support and resistance trend lines. Until the uptrend trendline from 1.38 area, the overall trend is still bullish. Price action may be sucked down to 1.58 this week, as that is where the bottom of the trend lines would meet price action. 1.58 is also a strong price reversal area.

Depending on the news coming out, obviously, I think a resumption of the underlying daily trend could be resumed.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 34 KB
Probability Professor
  • #144,007
  • Jul 8, 2009 3:31am Jul 8, 2009 3:31am
Hourly close above 1.6090 will indicates a bullish pressure and a retracment back to 1.618x levels!
Fay All Time Return: -98.7%
  • #144,008
  • Jul 8, 2009 3:33am Jul 8, 2009 3:33am
Quoting Galation
Hi All,

On the attached graph there are two support and resistance trend lines. Until the uptrend trendline from 1.38 area, the overall trend is still bullish. Price action may be sucked down to 1.58 this week, as that is where the bottom of the trend lines would meet price action. 1.58 is also a strong price reversal area.

Depending on the news coming out, obviously, I think a resumption of the underlying daily trend could be resumed.
thanks for the chart.. BTW i'm long @ 1.6070.. not a great entry, so i put my sl on BE.. the pa really not in the mood for looking lower..
  • #144,009
  • Jul 8, 2009 3:36am Jul 8, 2009 3:36am
Quoting Bull_Bear
Ok took another hit -76pips this morning......

Shorting @ 1.6250..... SL 1.6320.... TP open

Quoting Bull_Bear
Morning guys,

Lovely how she respected the 1.6200/20 level this time round.

1.6050 is first TP.... 2nd TP....1.5930
1st TP from last nights short hit and profits banked +200pips

2nd TP still open and waiting for that to hit. SL is @ BE now

PS: Ipips, sorry mate but I took your money bag, not u take mine
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,010
  • Jul 8, 2009 3:36am Jul 8, 2009 3:36am
Quoting Faryad
what about long
Long targerts are 1.6200 resistance...lets see...would be good so I can get an entry but would be painful for shorts....as this would be considered bullish...

the bloody news negative again
and it is moving up....
Let Price determine your future!
  • #144,011
  • Jul 8, 2009 3:36am Jul 8, 2009 3:36am
long @ .6075, +39pips now.
  • #144,012
  • Jul 8, 2009 3:39am Jul 8, 2009 3:39am
All Shorts off the table..... +80pips on 2nd trade.

Long @ 1.6110...SL 1.6040....TP...open
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,013
  • Jul 8, 2009 3:41am Jul 8, 2009 3:41am
Quoting Geppyg
Long targerts are 1.6200 resistance...lets see...would be good so I can get an entry but would be painful for shorts....as this would be considered bullish...

the bloody news negative again
and it is moving up....
Geppy.... now we can do the victory dance my friend, TP 1.6050 hit from last night
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,014
  • Jul 8, 2009 3:45am Jul 8, 2009 3:45am
Thank You
  • #144,015
  • Jul 8, 2009 3:46am Jul 8, 2009 3:46am
Quoting wormboy
lol..why r u dancing??
  • #144,016
  • Jul 8, 2009 3:48am Jul 8, 2009 3:48am
Quoting akumelayu
lol..why r u dancing??
I know why WB is dancing, he's bagged some pips.....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #144,017
  • Jul 8, 2009 3:49am Jul 8, 2009 3:49am
Quoting wormboy
something share with us?
  • #144,018
  • Jul 8, 2009 3:51am Jul 8, 2009 3:51am
Quoting akumelayu
lol..why r u dancing??
PIPs =

PIPs =
  • #144,019
  • Jul 8, 2009 3:52am Jul 8, 2009 3:52am
Quoting Bull_Bear
I know why WB is dancing, he's bagged some pips.....
ohh..i want dancing too
  • #144,020
  • Jul 8, 2009 3:53am Jul 8, 2009 3:53am
Quoting Bull_Bear
I know why WB is dancing, he's bagged some pips.....
Some? A tonne man. That guy is dragon slayer!
Great Bodies are Engineered not Born
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