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Cable Update (GBPUSD)

  • #144,961
  • Jul 9, 2009 9:27pm Jul 9, 2009 9:27pm
i dont know about you guy but we are still on a downtrend acording to 4hre and 1 hre chart
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  • #144,962
  • Jul 9, 2009 9:30pm Jul 9, 2009 9:30pm
Does anyone think we are still looking for long for next uk session??

Or is it just me??
  • #144,963
  • Jul 9, 2009 9:33pm Jul 9, 2009 9:33pm
Quoting alex1976
Does anyone think we are still looking for long for next uk session??

Or is it just me??
http://www.bloomberg.com/apps/news?p...d=aQKFt7NGGm2U

es already testing US lows ......we could be in for another 500 pip drop gj / 300 gu

everyone bullish now on GU .... not me .. selling rallies and hit it at us close today to add to swing trade
Blogging daily now at www.volume.zone
  • #144,964
  • Jul 9, 2009 9:43pm Jul 9, 2009 9:43pm
Hi Malcom


I am very bearish for GU
but i will not enter here as my wave is saying to place order at 1.6450

which i have arleady done so would not rick here yet as forming leg B i need to complete c then bye bye GU and stock market it has to rebound but might not go so far if rally i will be seller but not long only for 200 pips but i want 600 pips on move down so prefer to wait for timimg and my sell order is already their when ever it touches and will wait to close near your first target an GJ i want to see 153.00 then will consider for 1000 pips if i am not worng any suggestion are welcome please not this is my personnal thinking which is not guiding anyone or getting enemy okay all my freind it is a theory that we should exchange in each of us don't take it personally and i have no position ih hand so just waiting for right time thats it
  • #144,965
  • Jul 9, 2009 9:47pm Jul 9, 2009 9:47pm
Quoting redrose
Hi Malcom


I am very bearish...
I am with you ... maybe 153.7 ... but not sure on that there was a bull trap at 151 to 152 move today ..... 152 maybe as hihg as we get.

I am short 159 , added 152 , target 145 to 140....
Blogging daily now at www.volume.zone
  • #144,966
  • Jul 9, 2009 9:48pm Jul 9, 2009 9:48pm
Malcomb, your such a rebel!

And your probably right!lol

However the rules of system, tell me to buy!

However I see how this thing can go either way!!
  • #144,967
  • Jul 9, 2009 10:32pm Jul 9, 2009 10:32pm
Hi Malcomb

Don't leave the room I like your personall view as it is same like me

Can we discuus our view on Gj GU i am with u same target i will really need u man can u add me to skype my skype is redrsoe12346
i want to keep in touch with u to get some knowledge from u man
i have some small group of freinds that we help each other
will wait for u on skype
  • #144,968
  • Jul 9, 2009 11:56pm Jul 9, 2009 11:56pm
Hi all, anybody has MTF fibo indi and could share? Thanks much.
  • #144,969
  • Jul 10, 2009 12:09am Jul 10, 2009 12:09am
One man's downtrend is another man's bull flag.
We'll know soon enough. The SL is in.
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Year of the Dragon Wise Choices-Good Fortune!
  • #144,970
  • Jul 10, 2009 12:28am Jul 10, 2009 12:28am
Quoting ganymedes
Not set.
But 1.6270 should be a likely short term target, if she starts moving down.
Would move SL to BE on < 1.6323 on this one.
Nice & tidy technical trading in the Asian session, we briefly touched 1.62704. If we can break 1.6270 early in the European session, good downside momentum is possible. If not, it's back up to 1.6371, 1.6381 and a potential follow trough day.

SL moved to BE.
  • #144,971
  • Jul 10, 2009 12:42am Jul 10, 2009 12:42am
Short Bias:

I am very seriously short on GU with an expectation of a minimum of 1.5800 extending into 1.5778
Attached Image (click to enlarge)
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  • #144,972
  • Jul 10, 2009 12:49am Jul 10, 2009 12:49am
Quoting chanchu
One man's downtrend is another man's bull flag.
We'll know soon enough. The SL is in.
I closed it out w/o waiting for SL to be hit. I like it to go my direction right away.
Year of the Dragon Wise Choices-Good Fortune!
  • #144,973
  • Jul 10, 2009 12:54am Jul 10, 2009 12:54am
Quoting chanchu
I closed it out w/o waiting for SL to be hit. I like it to go my direction right away.
It may still go up.... Still in the Bull Flag
Attached Image (click to enlarge)
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  • #144,974
  • Jul 10, 2009 12:57am Jul 10, 2009 12:57am
Quoting forexlion
Short Bias:

I am very seriously short on GU with an expectation of a minimum of 1.5800 extending into 1.5778
Mate what SL's have you placed to hold them for so long?
  • #144,975
  • Jul 10, 2009 12:58am Jul 10, 2009 12:58am
Quoting forexlion
Short Bias:

I am very seriously short on GU with an expectation of a minimum of 1.5800 extending into 1.5778
The Major Mistake I Made Yesterday:

I have a rule, which I ignored yesterday and suffered for it.

 

  1. Long above day open
  2. Short below day open
  3. And for god's sake give 6 hours after day open to decide an entry.

I messed up on this rule, else my shorts would have been right at 1.6330 instead of how you see them on chart currently.

This just increases my waiting time to reach end target ....... sigh the mistakes experts make.

  • #144,976
  • Jul 10, 2009 12:59am Jul 10, 2009 12:59am
Quoting Yogi
Mate what SL's have you placed to hold them for so long?
Open, no SL's my account balance can hold them for -7500 pips if it does that.

Its just that I broke my fundamental trading rule yesterday out of greed
  • #144,977
  • Jul 10, 2009 1:14am Jul 10, 2009 1:14am
Quoting forexlion
Short Bias:

I am very seriously short on GU with an expectation of a minimum of 1.5800 extending into 1.5778
I'm with you. Although, you're a bit shorter than me, he-he
Expecting the U.S. session to tank (I believe we would need stocks to open strongly to the upside to counter this scenario). A serving of bad news now would be a nice catalyst, and get the bulls into serious trouble.

Now, let's take out 1.6270!
  • #144,978
  • Jul 10, 2009 1:19am Jul 10, 2009 1:19am
Quoting ganymedes
I'm with you. Although, you're a bit shorter than me, he-he
Expecting the U.S. session to tank (I believe we would need stocks to open strongly to the upside to counter this scenario). A serving of bad news now would be a nice catalyst, and get the bulls into serious trouble.

Now, let's take out 1.6270!
Lets send an anonymous email to the north Korean president that united states is launching an attack on them sometime today
  • #144,979
  • Jul 10, 2009 1:30am Jul 10, 2009 1:30am
Quoting forexlion
Lets send an anonymous email to the north Korean president that united states is launching an attack on them sometime today

WHOAH! How did you know?!?! HA! Anyway... I am looking at SHORTING today IF we can break 1.6270.
Show me the PIPS!
  • #144,980
  • Jul 10, 2009 1:47am Jul 10, 2009 1:47am
It's hard on 1.6270 .... Hope it can broke
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