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Cable Update (GBPUSD)

  • #148,521
  • Jul 21, 2009 5:55am Jul 21, 2009 5:55am
Quoting wormboy
Quite right. I've labeled this area 6420 s/r level in the past as price usually consolidates here before a breakout. I'm holding short very much like yourself since this is a range area. A close below 6400 would be nice to add further short position, close above 6440, I'd just go long.
Convenient situation we're in lol.

A friendly reminder to the new traders, always wise to wait for the breakout instead of assuming

I see I'm in good company - lol.

I'm also watching this PPZ - but I'm expecting it to break north - if it does I'm long - if not I'll still be on the sidelines.

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  • #148,522
  • Jul 21, 2009 5:58am Jul 21, 2009 5:58am
Quoting forexlion
bro wait for 6383 and depending on pa there, i am expecting a bounce back to 6460 , you might get good entry

verify on your charts
forgot to add chart
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  • #148,523
  • Jul 21, 2009 6:03am Jul 21, 2009 6:03am
Quoting direct-trade
. I still favour Short, Bear's got an appetite this morning and wants to eat as many Bull SL's before NY as possible.
Does look that way buddy. The last H4 closed very bearish
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Thank You
  • #148,524
  • Jul 21, 2009 6:04am Jul 21, 2009 6:04am
Quoting forexlion
forgot to add chart
getting bounce warnings close to target 6383, i will prefer to exit at 6383
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  • #148,525
  • Jul 21, 2009 6:05am Jul 21, 2009 6:05am
Quoting Macedonia
No not a problem at all ..:
cheers buddy thanks
Thank You
  • #148,526
  • Jul 21, 2009 6:05am Jul 21, 2009 6:05am
First target hit at 6395. Overall position in profit now.



Quoting 5abi
Sold now. Stop at 6655.
Its all in the mind.
  • #148,527
  • Jul 21, 2009 6:05am Jul 21, 2009 6:05am
Quoting forexlion
forgot to add chart

Thanks Lion! You're the actual Lion King
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,528
  • Jul 21, 2009 6:07am Jul 21, 2009 6:07am
Quoting stewrigh

I'm also watching this PPZ - but I'm expecting it to break north - if it does I'm long - if not I'll still be on the sidelines.
Hi stew. Close below your ltl looks good for short, are you not contemplating on that option?
Thank You
  • #148,529
  • Jul 21, 2009 6:08am Jul 21, 2009 6:08am
Quoting 5abi
First target hit at 6395. Overall position in profit now.
look where we started the day togather

its been a long long day indeed
  • #148,530
  • Jul 21, 2009 6:09am Jul 21, 2009 6:09am
Yep. Long days dont matter if they are profitable at the end, and best part is I slept through it all

Quoting forexlion
look where we started the day togather

its been a long long day indeed
Its all in the mind.
  • #148,531
  • Jul 21, 2009 6:09am Jul 21, 2009 6:09am
Quoting forexlion
getting bounce warnings close to target 6383, i will prefer to exit at 6383
6383 to the pip lion. Excellent call
Thank You
  • #148,532
  • Jul 21, 2009 6:10am Jul 21, 2009 6:10am
So what's up today?

1. Before U.S. markets open:
http://s.wsj.net/public/resources/MW...0721054413.jpg
2. After U.S. markets close:
http://media.nzherald.co.nz/webconte.../iphone180.jpg

My view: Neither Coca Cola nor Apple will post bad numbers. You would be amazed to know how many other items many people are willing to cut before they stop buying iThis and iThat and drinking Coke.
I also believe that both of them will beat expectations.
(But if they don't, the rally is obviously over.)

Looking for a good place to go long...
  • #148,533
  • Jul 21, 2009 6:13am Jul 21, 2009 6:13am
okie dokie i am out, closed all shorts

nice day

NY should open with a bounce back up if it has to maintain the daily trend
  • #148,534
  • Jul 21, 2009 6:13am Jul 21, 2009 6:13am
http://www.afoi.com/cat/89115.3.jpg
too
  • #148,535
  • Jul 21, 2009 6:17am Jul 21, 2009 6:17am
waiting for a good place to go long too
  • #148,536
  • Jul 21, 2009 6:19am Jul 21, 2009 6:19am
Quoting ganymedes
So what's up today?

1. Before U.S. markets open:
http://s.wsj.net/public/resources/MW...0721054413.jpg
2. After U.S. markets close:
http://media.nzherald.co.nz/webconte.../iphone180.jpg

My view: Neither Coca Cola nor Apple will post bad numbers. You would be amazed to know how many other items many people are willing to cut before they stop buying iThis and iThat and drinking Coke.
I also believe that both of them will beat expectations.
(But if they don't, the rally is obviously over.)...
Speaking of which, anyone with iphones or ipods i highly recommend "forex on the go 2 lite" if you go pro you can trade your mt4 broker with them.

Long 87.
  • #148,537
  • Jul 21, 2009 6:21am Jul 21, 2009 6:21am
Quoting KillPhil08
Speaking of which, anyone with iphones or ipods i highly recommend "forex on the go 2 lite" if you go pro you can trade your mt4 broker with them.

Long 87.
i prefer nokia N97
  • #148,538
  • Jul 21, 2009 6:21am Jul 21, 2009 6:21am
Hi everyone I'm a newby

Been watching in the wings for a while & thought it polite to introduce myself

(have I just stumbled on someones shopping list)
  • #148,539
  • Jul 21, 2009 6:22am Jul 21, 2009 6:22am
a small long from 1.6390
  • #148,540
  • Jul 21, 2009 6:22am Jul 21, 2009 6:22am
Ransquawk:Asian CB buying euro at 142 mark.
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