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Cable Update (GBPUSD)

  • #148,701
  • Jul 21, 2009 10:57am Jul 21, 2009 10:57am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
To be honest, I would wait for the earnings report today and see what
happens next.

Don't forget this market is driven, not "the actual market" until august.


ams



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
  • #148,702
  • Jul 21, 2009 11:00am Jul 21, 2009 11:00am
Quoting mktjong
How do u know is no-mans land?
I think this is what he meant bro :
http://www.forexfactory.com/attachme...7&d=1248171772

But I agree with ganymedes, went short myself on the dollar reversal.

Good luck.
Thank You
  • #148,703
  • Jul 21, 2009 11:00am Jul 21, 2009 11:00am
daily stopped dead on the .768 fib of the whole move down
as per the fibo projections this could yield a target @ exactly 1.58
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 88 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #148,704
  • Jul 21, 2009 11:04am Jul 21, 2009 11:04am
congratulation for those who know n saw what PA give us some clue in London...
...good job to 'direct trade'

See how my 1.6350 observation bring us tomorrow asian

Anyway my last chart...Good luck to all
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 106 KB
  • #148,705
  • Jul 21, 2009 11:07am Jul 21, 2009 11:07am
I have a pending order for long at 1.6220. I am currently hanging on to my shorts from 1.6588
  • #148,706
  • Jul 21, 2009 11:07am Jul 21, 2009 11:07am
yuhuuu the bears comes out..
welcome back 6380..
Juz a newbie learn to get rich.
  • #148,707
  • Jul 21, 2009 11:17am Jul 21, 2009 11:17am
Quoting errich fx
wait for short position,

------------------

patterns

already take 50 pips, thanks guys

patterns
  • #148,708
  • Jul 21, 2009 11:19am Jul 21, 2009 11:19am
Quoting Yngwie
In this hour, if price break 6436, GU will going down..and price break 6517 GU will going up!
there she goes...
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,709
  • Jul 21, 2009 11:24am Jul 21, 2009 11:24am
Good morning all. Wow I like how it moves, Im packed with total 154 pips from this fall and still short with only +5 pips profit.
  • #148,710
  • Jul 21, 2009 11:29am Jul 21, 2009 11:29am
Quoting ganymedes
Short @ 1.6445, SL @ 1.6481.
Intraday targets: 1.6385.
Moved SL to BE.
  • #148,711
  • Jul 21, 2009 11:41am Jul 21, 2009 11:41am
here is a snapshot of my chart. I think that is the trade out look for the rest of today and tommorow
Attached Image (click to enlarge)
Click to Enlarge Name: gu charts 21-07-2009.gif Size: 36 KB
  • #148,712
  • Jul 21, 2009 11:54am Jul 21, 2009 11:54am
Quoting cruzerio
here is a snapshot of my chart. I think that is the trade out look for the rest of today and tommorow

wow, looks like there's no spread @ all. How come?
  • #148,713
  • Jul 21, 2009 11:58am Jul 21, 2009 11:58am
long for 50 pips up
ROBOT FOREX
  • #148,714
  • Jul 21, 2009 12:02pm Jul 21, 2009 12:02pm
Quoting Forbes55
long for 50 pips up
Well be careful my friend.
  • #148,715
  • Jul 21, 2009 12:15pm Jul 21, 2009 12:15pm
My bias is for a bounce
Attached Image (click to enlarge)
Click to Enlarge Name: e.gif Size: 34 KB
  • #148,716
  • Jul 21, 2009 12:19pm Jul 21, 2009 12:19pm
Quoting ganymedes
Short @ 1.6445, SL @ 1.6481.
Intraday targets: 1.6385.
Closed (+45).
  • #148,717
  • Jul 21, 2009 12:21pm Jul 21, 2009 12:21pm
Quoting Lejumeau
My bias is for a bounce
Hey bro can u explain a little how u predict a bounce up? Or is it just a retracement?
  • #148,718
  • Jul 21, 2009 12:22pm Jul 21, 2009 12:22pm
Bounce off 1.6381?
Disclaimer: Check your 1m charts
  • #148,719
  • Jul 21, 2009 12:23pm Jul 21, 2009 12:23pm
Quoting Cruzerio
here is a snapshot of my chart. I think that is the trade out look for the rest of today and tommorow
margin level 243% very dangerous
  • #148,720
  • Jul 21, 2009 12:28pm Jul 21, 2009 12:28pm
Quoting skerdi-meta
wow, looks like there's no spread @ all. How come?
well just so u know i use FXOPEN. pending sell orders usually trigger off at the exact price
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