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Cable Update (GBPUSD)

  • #146,541
  • Jul 15, 2009 11:10am Jul 15, 2009 11:10am
Quoting albchr
Yeah, I'm sorry I let that 9 pip spread on the dragon get in my way the other day. 9 pips don't seem like a whole lot now....
lol yea big spread huge returns. you won't get whimper 50-100 pip move like the euro usd trading the dragon
Thank You
  • #146,542
  • Jul 15, 2009 11:15am Jul 15, 2009 11:15am
Quoting wormboy
lol yea big spread huge returns. you won't get whimper 50-100 pip move like the euro usd trading the dragon
Well, you just let me know when it's time to short that puppy and I won't give a rats behind about the spread....

I'm beginning to think that time has come for GU though.
Ghost Rider - WWTBMD?
  • #146,543
  • Jul 15, 2009 11:16am Jul 15, 2009 11:16am
For those interested.


Quoting LondonTrader
Thx, where can I find the Trix ? Cannot find on Meta Trader4
LT
Attached File(s)
File Type: ex4 smTRIX.ex4   6 KB | 270 downloads
  • #146,544
  • Jul 15, 2009 11:17am Jul 15, 2009 11:17am
You guys should try GBPCAD, 15 spread on most firms (much lower on DMA).

Check out the charts, the moves are huge and it loves s/r and round numbers.
  • #146,545
  • Jul 15, 2009 11:18am Jul 15, 2009 11:18am
Please let me know either...

Quoting albchr
Well, you just let me know when it's time to short that puppy and I won't give a rats behind about the spread....

I'm beginning to think that time has come for GU though.
Discomfort and profit often stand side by side
  • #146,546
  • Jul 15, 2009 11:21am Jul 15, 2009 11:21am
Quoting KillPhil08
You guys should try GBPCAD, 15 spread on most firms (much lower on DMA).

Check out the charts, the moves are huge and it loves s/r and round numbers.
that's good in demo to train our emotion
  • #146,547
  • Jul 15, 2009 11:22am Jul 15, 2009 11:22am
Quoting Ifty
What do you think of the new 1 hour candle on GU. Just need your feedback.
WSW bro.
Earlier there was an evening star formation but previous h1 closed bullish, indicating an exhaustive move rather than a reversal. The h4 itself does not indicate to me a reversal yet. Usually with this scenario buying dip is a better option instead of jumping in short too early.
But that is just my personal take & I can comfortably claim this since I'm still holding lower entry long position & a sudden reversal would do little harm to me. I suppose till the fomc at 2 gets out, none of us could really gather what's the higher probability of cable's next move would be. Continuation or reversal.
Guess staying flat if you're not in a position is the best thing you could do.

Thank You
  • #146,548
  • Jul 15, 2009 11:22am Jul 15, 2009 11:22am
Quoting Ifty
ASW bro. Great reading all your comments today, always a big big help for beginners like me. What do you think of the new 1 hour candle on GU. Just need your feedback.
That is Bearish Engulf and will down at least Fibo retracement for 38%. Makrket still bullish and need to watch confirmation exactly when market turn down. Trade at H1 is the best and always trade follow market move. (W.D Gann Say)
  • #146,549
  • Jul 15, 2009 11:22am Jul 15, 2009 11:22am
its my turn for GU and GY...2/300pips down next in GU&GY??
see what happen...
  • #146,550
  • Jul 15, 2009 11:23am Jul 15, 2009 11:23am
Quoting albchr
Well, you just let me know when it's time to short that puppy and I won't give a rats behind about the spread....
Roger that!
Thank You
  • #146,551
  • Jul 15, 2009 11:26am Jul 15, 2009 11:26am
Sorry the 650 is 1.6450 my mistake, yes the 480 is the 6480.
Quoting wormboy
Dobbie 480 as in 6480? Sorry to ask because the 650 you mentioned, that figure I'm confused
  • #146,552
  • Jul 15, 2009 11:28am Jul 15, 2009 11:28am
Quoting wormboy
WSW bro.
Earlier there was an evening star formation but previous h1 closed bullish, indicating an exhaustive move rather than a reversal. The h4 itself does not indicate to me a reversal yet. Usually with this scenario buying dip is a better option instead of jumping in short too early.
But that is just my personal take & I can comfortably claim this since I'm still holding lower entry long position & a sudden reversal would do little harm to me. I suppose till the fomc at 2 gets out, none of us could really gather what's the higher probability...
Thanks bro. Its always a comfort to have people like you and deboooo as a helping hand & the rest of you guys also. I will keep an eye on things and will wait for an opportunity rather than take a guess.
You've got to be IN IT to WIN IT!
  • #146,553
  • Jul 15, 2009 11:28am Jul 15, 2009 11:28am
Quoting grashid
its my turn for GU and GY...2/300pips down next in GU&GY??
see what happen...
bro, dragon 157
Thank You
  • #146,554
  • Jul 15, 2009 11:30am Jul 15, 2009 11:30am
Just scalping few pips... ermm look like GU going down for inside bar a little bit.. yum yum yum!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #146,555
  • Jul 15, 2009 11:31am Jul 15, 2009 11:31am
Quoting wormboy
bro, dragon 157
...aku kat Orchard...siut ja tak le trade...tak sempat busy ngan paper presentation...next week baru balun...hg pa citer? i just take my dinner while watching some chick on the road
  • #146,556
  • Jul 15, 2009 11:34am Jul 15, 2009 11:34am
THANK YOU VERY MUCH
London T
Quoting Nene
For those interested.
Discomfort and profit often stand side by side
  • #146,557
  • Jul 15, 2009 11:35am Jul 15, 2009 11:35am
Quoting grashid
...aku kat Orchard...siut ja tak le trade...tak sempat busy ngan paper presentation...next week baru balun...hg pa citer? i just take my dinner while watching some chick on the road
Orchard Rd?
  • #146,558
  • Jul 15, 2009 11:36am Jul 15, 2009 11:36am
Quoting Benkasim
Orchard Rd?
  • #146,559
  • Jul 15, 2009 11:37am Jul 15, 2009 11:37am
Quoting dobbie11
Well 650 seems to be holding for now but it has hit is pretty hard, without a decent move down. Price action is showing a little re tracement, but we may see 480-500 before a move down. What do u think ?
It's possible.
On my h4 tho, if price close anywhere above 6480 you mentioned, 6600 level is the obvious target area to go for.
Atm I can't really make out where cable's headed, pa on h1 is a little screwy & h4 is still vague. I think we're in for a little consolidation before 2 o clock. I'm still bullish tho btw.
Sorry if i cant be much of help
Thank You
  • #146,560
  • Jul 15, 2009 11:38am Jul 15, 2009 11:38am
Quoting Ifty
I will keep an eye on things and will wait for an opportunity rather than take a guess.
Way to go bro
Thank You
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