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Cable Update (GBPUSD)

  • #148,681
  • Jul 21, 2009 9:46am Jul 21, 2009 9:46am
Quoting Bull_Bear
Thats my thoughts
Quite the morning eh?....LOL
Ghost Rider - WWTBMD?
  • #148,682
  • Jul 21, 2009 9:46am Jul 21, 2009 9:46am
Quoting ganymedes
Guess we just had a Bernanke whipsaw. What a clown!
And manage to wipe out a couple of SLs
Great Bodies are Engineered not Born
  • #148,683
  • Jul 21, 2009 9:47am Jul 21, 2009 9:47am
Quoting Bull_Bear
Thats my thoughts
I would say don't buy this pair, it would be a while to trade up to 1.66 imo. The current trend is down, may last a few days..
  • #148,684
  • Jul 21, 2009 9:50am Jul 21, 2009 9:50am
Quoting albchr
Quite the morning eh?....LOL
Yeah bro, EUR breaking the 1.4250 level is what change my directional play.

I have to really rest now, but my trade is on the table.

Later Al
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #148,685
  • Jul 21, 2009 9:50am Jul 21, 2009 9:50am
Quoting forexlion
what if he goes to the senate this way, he will be an instant hero
  • #148,686
  • Jul 21, 2009 9:58am Jul 21, 2009 9:58am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hi Mktjong!

I think the current trend is up, and this is all fake move. Real move was yesterday i.e UP. Euro is still up.

Reason is simple we are having good news coming from last week, equity markets around the world have gone up.



ams


Quoting mktjong
I would say don't buy this pair, it would be a while to trade up to 1.66 imo. The current trend is down, may last a few days..
  • #148,687
  • Jul 21, 2009 9:59am Jul 21, 2009 9:59am
Quoting RichLadyFX
And manage to wipe out a couple of SLs
The dollar market right now:

http://blogold.blogupp.com/uploaded_...ics-741524.jpg
  • #148,688
  • Jul 21, 2009 10:03am Jul 21, 2009 10:03am
In this hour, if price break 6436, GU will going down..and price break 6517 GU will going up!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,689
  • Jul 21, 2009 10:09am Jul 21, 2009 10:09am
Well, the close of that hour certainly cleared things up...
Ghost Rider - WWTBMD?
  • #148,690
  • Jul 21, 2009 10:11am Jul 21, 2009 10:11am
I closed all my GJ short trades now, I was on my nerve so I couldn't tolorate to see another bounce today, but I still have a short trade for GU @ 1.6534 with SL @ BE, I hope it goes down to my target and to stop going up again with no reason
  • #148,691
  • Jul 21, 2009 10:13am Jul 21, 2009 10:13am
that's enough for me today just closed my short from 1.6470 and all my green pips for tday equal +147 pip .. that's for today and am going to rest .. Good luck to all guyz and Ladies here
  • #148,692
  • Jul 21, 2009 10:13am Jul 21, 2009 10:13am
Price may break 1.6500 only with a strong candle.
Pride of opinion is a characteristic of losing traders
  • #148,693
  • Jul 21, 2009 10:17am Jul 21, 2009 10:17am
Quoting Cruzerio
hello wormboy. do you today as ending with a bearish candle?
yes.
Thank You
  • #148,694
  • Jul 21, 2009 10:33am Jul 21, 2009 10:33am
Short @ 1.6445, SL @ 1.6481.
Intraday targets: 1.6385.
  • #148,695
  • Jul 21, 2009 10:42am Jul 21, 2009 10:42am
Quoting ganymedes
Short @ 1.6445, SL @ 1.6481.
Intraday targets: 1.6385.
why are you shorting in no-mans land?
  • #148,696
  • Jul 21, 2009 10:48am Jul 21, 2009 10:48am
Quoting thekid
why are you shorting in no-mans land?
Dollar has bottomed, currently bullish.
Stocks has topped out, looking bearish.
GBPUSD bearish at the moment.
  • #148,697
  • Jul 21, 2009 10:49am Jul 21, 2009 10:49am
Quoting thekid
why are you shorting in no-mans land?
How do u know is no-mans land?
  • #148,698
  • Jul 21, 2009 10:51am Jul 21, 2009 10:51am
This PA is boring so I been playing with my charts again lol.

PA has been stuck in a range between 1.6 and 1.66 since May.

So - from my understanding of TA it is resting or consolodating before the next move, or breakout.

Now as the longer term trend, from Jan has been up I think it'll break out north. Obviously I've got no idea when or even if this will happen. Its just my opinion, but if I'm right I also think it'll go big.

As always feedback appreciated.

[ATTACH]276354
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD1.jpg Size: 130 KB
Click to Enlarge Name: GBPUSD.jpg Size: 134 KB
  • #148,699
  • Jul 21, 2009 10:55am Jul 21, 2009 10:55am
Quoting stewrigh
This PA is boring so I been playing with my charts again lol.

PA has been stuck in a range between 1.6 and 1.66 since May.

So - from my understanding of TA it is resting or consolodating before the next move, or breakout.

Now as the longer term trend, from Jan has been up I think it'll break out north. Obviously I've got no idea when or even if this will happen. Its just my opinion, but if I'm right I also think it'll go big.

As always feedback appreciated.

[ATTACH]276354

Ignore the first chart - don't know how I did that.
  • #148,700
  • Jul 21, 2009 10:56am Jul 21, 2009 10:56am
Quoting ams
Hi Mktjong!

I think the current trend is up, and this is all fake move. Real move was yesterday i.e UP. Euro is still up.

Reason is simple we are having good news coming from last week, equity markets around the world have gone up.



ams
You made me laughed in a good sense seems you're buying into all these hooplas. I live in US, still can feel the crisis and quite away from recovering yet. It may already have an embrionic life out of this mess, housing problem is way too far from light yet, foreclosures number is increasing not decreasing.
Anyway, am day-trader .. just follow what the trend indicates in a short term sense.
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