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Cable Update (GBPUSD)

  • #148,581
  • Jul 21, 2009 7:21am Jul 21, 2009 7:21am
Quoting Yogi
Mate no one lose's ...:
You'd be surprised that not everyone here is as level headed as you my friend.
Good luck with your trades
Thank You
  • #148,582
  • Jul 21, 2009 7:21am Jul 21, 2009 7:21am
Quoting wormboy
Okay stew. Just a heads up tho since you don't see it going south far, I don't see this going north that far for now
The usd lfx is at a strong support level, I'm looking for a strong bullish signal to confirm the bearish picture painted on the cable h4.
Have a good one bro, trade safe.

I'm outta here. later guys

Thanks Azim

I got 6750(50fib) and 7500 (61 fib) on my weekly chart but we'll see.
  • #148,583
  • Jul 21, 2009 7:23am Jul 21, 2009 7:23am
price getting near MA 100 on m5 around 64.50, which might act as a resistance, let's c
  • #148,584
  • Jul 21, 2009 7:24am Jul 21, 2009 7:24am
I find it funny that people do the opposite of what's actually happening. If you want good R:R, enter at the extremes to fade the move. Don't enter at the end of a move and expect a continuation! I waited +7 hours for this!

Anyways, I reckon euro can get to yesterdays highs. Told you that the asian CB was buying euros!

cable stop at 42
  • #148,585
  • Jul 21, 2009 7:25am Jul 21, 2009 7:25am
so any1 shorting @ .50 or waiting the .80?
What's ur view WB?
  • #148,586
  • Jul 21, 2009 7:26am Jul 21, 2009 7:26am
Quoting Yogi
Mate no one lose's because of you... its out own choice to follow what you say or not.

Myself I don follow i use what you guys say on here to confirm what i see or think.
Definitely. You are responsible for your own action. Furthermore, you are the one who pull the trigger.
Great Bodies are Engineered not Born
  • #148,587
  • Jul 21, 2009 7:26am Jul 21, 2009 7:26am
Quoting wormboy
Thanks .. but no thanks. I just share my thoughts that's all.
I don't want anyone losing on my account.
That's all you can do buddy, offer your thoughts and recommendation. Ultimately they are responsible for their own actions.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,588
  • Jul 21, 2009 7:27am Jul 21, 2009 7:27am
Quoting KillPhil08
I find it funny that people do the opposite of what's actually happening. If you want good R:R, enter at the extremes to fade the move. Don't enter at the end of a move and expect a continuation! I waited +7 hours for this!

Anyways, I reckon euro can get to yesterdays highs. Told you that the asian CB was buying euros!
the euro is @ yesterday's highs
  • #148,589
  • Jul 21, 2009 7:28am Jul 21, 2009 7:28am
Quoting stewrigh
Thanks Azim

I got 6750(50fib) and 7500 (61 fib) on my weekly chart but we'll see.
This is the chart I'm looking at folks.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 154 KB
  • #148,590
  • Jul 21, 2009 7:29am Jul 21, 2009 7:29am
After I posted it jumped up another 18 pips in 30seconds. As i remember it's 14250. But i don't expect to see 1.42 again today.
  • #148,591
  • Jul 21, 2009 7:29am Jul 21, 2009 7:29am
I really don't like the EUR correlation and have been saying that all session. Now am feeling even more uncomfortable with my shorts. closing EUR at break even
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,592
  • Jul 21, 2009 7:31am Jul 21, 2009 7:31am
Quoting skerdi-meta
so any1 shorting @ .50 or waiting the .80?
What's ur view WB?
I have a small long (2usd/pip) trade lol with tp right at .80 tbh. I won't short immediately after tho
Here it is :
http://www.forexfactory.com/showpost...postcount=1853
Thank You
  • #148,593
  • Jul 21, 2009 7:32am Jul 21, 2009 7:32am
@ bb & richlady :
Thank You
  • #148,594
  • Jul 21, 2009 7:33am Jul 21, 2009 7:33am
Quoting Bull_Bear
I really don't like the EUR correlation and have been saying that all session. Now am feeling even more uncomfortable with my shorts. closing EUR at break even

yeah, correlation's no good, but e/u might b making a double top. Just a guess
  • #148,595
  • Jul 21, 2009 7:34am Jul 21, 2009 7:34am
Quoting skerdi-meta
yeah, correlation's no good, but e/u might b making a double top. Just a guess
and there's divergence on the macd caomparing it 2 yesterdays same price. Usually the divergence works out fine, thing is where 2 put the stop loss
  • #148,596
  • Jul 21, 2009 7:36am Jul 21, 2009 7:36am
Quoting ganymedes
Long @ 1.6400, SL @ 1.6379.
Intraday targets: 1.6460, 1.6500.
Moved SL to BE, as we reached initial target 1.6460.
(Just price targets, not set as Take Profit. Price points where I re-evaluate price action and potentially close. Could be used as pre-set TP as well, obviously.)

Will let this one run, while I attend other activities...
  • #148,597
  • Jul 21, 2009 7:36am Jul 21, 2009 7:36am
Quoting Bull_Bear
I really don't like the EUR correlation and have been saying that all session. Now am feeling even more uncomfortable with my shorts. closing EUR at break even

There must be some correlation.

If the dollar is weak - its gonna be weak against both, unless one of the others is also weak.
  • #148,598
  • Jul 21, 2009 7:39am Jul 21, 2009 7:39am
Good sign the uptrend might be resuming....lol

Z
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 88 KB
  • #148,599
  • Jul 21, 2009 7:40am Jul 21, 2009 7:40am
I recommend getting out here and entering again - 5m trend still intact though. GJ hitting a double top. Still euro to 143+ methinks. IF cable hits 172 i'd be happy. Not likely though.
  • #148,600
  • Jul 21, 2009 7:41am Jul 21, 2009 7:41am
Why there is always shi%%y bounces, why traders don't wait for prices to go a little bit down, then think to buy, why they run and buy immediately, why they don't wait to buy at low prices, what will happen in the world if they waited to buy @ low prices and not to keep on buying whenever it goes down 40 to 50 pips
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