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Cable Update (GBPUSD)

  • #145,241
  • Jul 10, 2009 11:00am Jul 10, 2009 11:00am
It is trying to form a rounded bottom clearly.
  • #145,242
  • Jul 10, 2009 11:01am Jul 10, 2009 11:01am
Quoting Turveyd
Stuck under 100sma smooth ( Yellow ) and over 20sma smooth ( White )


And down she goes!!

So technically the trend is still down!!
Nice looking double top you have there too
Thank You
  • #145,243
  • Jul 10, 2009 11:04am Jul 10, 2009 11:04am
Quoting wormboy
Nice looking double top you have there too

Well thankyou, I shave them for full effect!!


* don't really *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145,244
  • Jul 10, 2009 11:07am Jul 10, 2009 11:07am
Well, long at 1.6167 and 1.6173 looking for 1.6259-80..if 1.6220 is broken
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  • #145,245
  • Jul 10, 2009 11:08am Jul 10, 2009 11:08am
Quoting Turveyd
Well thankyou, I shave them for full effect!!


* don't really *
lol. trade safe, i'm outta here.

Enjoy the weekend fellas
Thank You
  • #145,246
  • Jul 10, 2009 11:35am Jul 10, 2009 11:35am
I think there`s a nice 40-50 pip range going on...
  • #145,247
  • Jul 10, 2009 11:37am Jul 10, 2009 11:37am
Quoting zapper
I think there`s a nice 40-50 pip range going on...
You just took the thoughts from my head...LOL

Almost tempted to play it up and down a couple times. Big lots over small hops is one of my favs...
Ghost Rider - WWTBMD?
  • #145,248
  • Jul 10, 2009 11:43am Jul 10, 2009 11:43am
Quoting ganymedes
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.
Revision:

2. Going above 1.6208: Close.
  • #145,249
  • Jul 10, 2009 12:04pm Jul 10, 2009 12:04pm
Is meta trader is better than platform to get better spread
Or spread is fixed in MT?
I am using platform which has variable
spread which is more I think compare
to demo in MT4
  • #145,250
  • Jul 10, 2009 12:04pm Jul 10, 2009 12:04pm
the range is going smothly between 6220-6150 em thinking for a short for this level high & buy from the level low
  • #145,251
  • Jul 10, 2009 12:06pm Jul 10, 2009 12:06pm
Quoting Pip_Doc
Is meta trader is better than platform to get better spread
Or spread is fixed in MT?
I am using platform which has variable
spread which is more I think compare
to demo in MT4
depends on your broker, not metatrader. fxpro has near to fixed spread : fxpro.com.

regards
  • #145,252
  • Jul 10, 2009 12:07pm Jul 10, 2009 12:07pm
Breaking even on longs and moving TP to 1.6360.
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  • #145,253
  • Jul 10, 2009 12:32pm Jul 10, 2009 12:32pm
this chart should give osme perspective ...

Friday afternoon summer.. most traders off . I think dj etc moves down further next week unless something goofy happens on the weekend

GU retraced 50 % of down move bang on and down she went.

we are just under 6200 resistance level.

we may well see the follow thru to 5975 early next week. If this does not hold then for sure 1.5800 and the fib extensions on the 1-2-3 sell formation take over (1.59100 , 1.5625 and 1.5177 as targets)

for those that are wondering the trend it is DOWN lower pivot highs on 4 hour show that at the moment

good luck out there bulls ....

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 23 KB
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  • #145,254
  • Jul 10, 2009 12:35pm Jul 10, 2009 12:35pm
Quoting malcolmb14
this chart should give osme perspective ...

Friday afternoon summer.. most traders off . I think dj etc moves down further next week unless something goofy happens on the weekend

GU retraced 50 % of down move bang on and down she went.

we are just under 6200 resistance level.

we may well see the follow thru to 5975 early next week. If this does not hold then for sure 1.5800 and the fib extensions on the 1-2-3 sell formation take over (1.59100 , 1.5625 and 1.5177 as targets)

good luck out there bulls ....


Attachment
Thanks Malcolm! Trading cautiously
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  • #145,255
  • Jul 10, 2009 12:40pm Jul 10, 2009 12:40pm
Quoting simoneg
Thanks Malcolm! Trading cautiously
ok for scalping 6205 top of range ....do not be greedy

Attached Image (click to enlarge)
Click to Enlarge Name: chf01.gif Size: 20 KB
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  • #145,256
  • Jul 10, 2009 12:45pm Jul 10, 2009 12:45pm
Shorts closed.
  • #145,257
  • Jul 10, 2009 12:47pm Jul 10, 2009 12:47pm
Are there any signs of upside moves for both GU and GJ now
  • #145,258
  • Edited 1:38pm Jul 10, 2009 12:50pm | Edited 1:38pm
Also Malcolmb, whilst the overall view is bearish. Please keep in mind that we may see deep retracement before continued fall. A possible crown developing here on H1. We may see as far as 1.6450...
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  • #145,259
  • Jul 10, 2009 12:51pm Jul 10, 2009 12:51pm
looking for breakout.......
Attached Image (click to enlarge)
Click to Enlarge Name: breakout.gif Size: 23 KB
at last i`ve found a holygrail........
  • #145,260
  • Jul 10, 2009 12:59pm Jul 10, 2009 12:59pm
Can anyone assist with telling me how to post images that can be clicked to enlarge?
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