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Cable Update (GBPUSD)

  • #145,221
  • Jul 10, 2009 10:09am Jul 10, 2009 10:09am
Quoting forexlion
a break below 1.6150 is required to tank hard, if it holds then I need to consider another email.
Hear, hear! Good advice!
So far, looking good & Wall Street action is supportive (I'm hoping to see a test of Wednesday's lows).

It's probably a good idea to close some 1.63xx shorts if we're unable to break trough 1.6150 tonight.
  • #145,222
  • Jul 10, 2009 10:12am Jul 10, 2009 10:12am
Arrgggh,, I pulled my M1 SMA 540 ( 9hour ) thinking not required and it called the top of EJ perfectly, dratts!!



Worth a long for a bounce here ??? prefer a tad lower!!

Too late
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145,223
  • Jul 10, 2009 10:13am Jul 10, 2009 10:13am
Quoting ganymedes
Hear, hear! Good advice!
So far, looking good & Wall Street action is supportive (I'm hoping to see a test of Wednesday's lows).

It's probably a good idea to close some 1.63xx shorts if we're unable to break trough 1.6150 tonight.
I closed all my shorts above 1.6158 level, just to be safe.
  • #145,224
  • Jul 10, 2009 10:20am Jul 10, 2009 10:20am
WTF its going down when we are not going to short ...confusing..

Ub
  • #145,225
  • Jul 10, 2009 10:22am Jul 10, 2009 10:22am
Quoting ubaidahsan
WTF its going down when we are not going to short ...confusing..

Ub
the down move is in order, further down is expected till 1.6116 for today
  • #145,226
  • Jul 10, 2009 10:24am Jul 10, 2009 10:24am
Quoting forexlion
I closed all my shorts above 1.6158 level, just to be safe.
Oh, did you give up on 1.58?
I think there's still more juice on the short side
  • #145,227
  • Jul 10, 2009 10:24am Jul 10, 2009 10:24am
Quoting forexlion
the down move is in order, further down is expected till 1.6116 for today
when you will short again??

Ub
  • #145,228
  • Jul 10, 2009 10:31am Jul 10, 2009 10:31am
Salam 2 all

I think that gu can go further down to where it's start from yesterday 1.5981 what you guy's say??
  • #145,229
  • Jul 10, 2009 10:33am Jul 10, 2009 10:33am
Quoting ubaidahsan
when you will short again??

Ub

I was a buyer in the 50's, range called it and 50 is a good number to buy near sometimes.

EJ's powering up and reversing it's selling quickly, expecting GU will get back to 6200 area shortly!!

We shall see though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145,230
  • Jul 10, 2009 10:34am Jul 10, 2009 10:34am
Quoting Turveyd
I was a buyer in the 50's, range called it and 50 is a good number to buy near sometimes.

EJ's powering up and reversing it's selling quickly, expecting GU will get back to 6200 area shortly!!

We shall see though!!
you mean it won't go more down and will close on 62xx Today???


Ub
  • #145,231
  • Jul 10, 2009 10:35am Jul 10, 2009 10:35am
Solid support @ 1.6155. Unless it's broken, short term shorts are off.
  • #145,232
  • Jul 10, 2009 10:37am Jul 10, 2009 10:37am
missed that 60 area to take profit, well hope it will go there again.



...nuts.
  • #145,233
  • Jul 10, 2009 10:42am Jul 10, 2009 10:42am
Quoting ubaidahsan
you mean it won't go more down and will close on 62xx Today???


Ub
What tf are you looking at?
Thank You
  • #145,234
  • Jul 10, 2009 10:43am Jul 10, 2009 10:43am
Quoting ubaidahsan
you mean it won't go more down and will close on 62xx Today???


Ub

Just closed, profit is profit +28
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145,235
  • Jul 10, 2009 10:47am Jul 10, 2009 10:47am
Quoting wormboy
What tf are you looking at?
in my chart H1 H4 its showing bearish but still confuse to hold short over the weekend or close it..bro please advice

Ub
  • #145,236
  • Jul 10, 2009 10:53am Jul 10, 2009 10:53am
Gezzz...I leave for 3 hours, come back and the only new thing I see is some guy with bad eyesight, BIG letters and bad calls.....

Isn't anybody doing anything to move this market?

Guess I should have put a 5 pip trailer on that 20 I had locked.....LOL
Ghost Rider - WWTBMD?
  • #145,237
  • Jul 10, 2009 10:54am Jul 10, 2009 10:54am
Quoting ubaidahsan
in my chart H1 H4 its showing bearish but still confuse to hold short over the weekend or close it..bro please advice

Ub
pull up an m5 chart. plot 2 horizontal lines, one at 6220, the other at 6165. You will see the range.
If you're short from higher than 6220 & planning to carry your trade over the weekend just place your stop slightly above 6220. If you are short from 6220 or lower, use the range to determine your exit, because after London closes, there usually won't be much for anyone to trade.

Hope that helps. Good luck.
Thank You
  • #145,238
  • Jul 10, 2009 10:54am Jul 10, 2009 10:54am
Quoting ubaidahsan
in my chart H1 H4 its showing bearish but still confuse to hold short over the weekend or close it..bro please advice

Ub
My view:

1. Unable to go below 1.6155: Close.
2. Going above 1.6223: Close.

Or in other words: Close unless we go below 1.6155, if we go above 1.6223: Close immediately.

If we tank below, keep your shorts. Later: Close if 1.615 is not respected as resistance.
  • #145,239
  • Jul 10, 2009 10:54am Jul 10, 2009 10:54am
well i had a short from two days ago looking for 1.6 i dont really see it closing today but maybe, maybe 1.605 i would close at. i shorted at 1.62 also i know i was down like 175 pips at one point but we should test 1.6 again. just my thoughts
  • #145,240
  • Jul 10, 2009 10:57am Jul 10, 2009 10:57am
Stuck under 100sma smooth ( Yellow ) and over 20sma smooth ( White )


And down she goes!!

So technically the trend is still down!!
Attached Image (click to enlarge)
Click to Enlarge Name: stuck under 100 sma smooth and over 20sma smooth.gif Size: 14 KB
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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