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Cable Update (GBPUSD)

  • #148,841
  • Jul 21, 2009 10:27pm Jul 21, 2009 10:27pm
...that was a really tasteless comment to be honest, it was not even remotely funny, please remove your reply
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #148,842
  • Jul 21, 2009 10:28pm Jul 21, 2009 10:28pm
Quoting Yogi
so your sleeping with albchr... wow never knew that
Hey,

we are world apart!
Great Bodies are Engineered not Born
  • #148,843
  • Jul 21, 2009 10:48pm Jul 21, 2009 10:48pm
my new wave rider strategy is quite good!
  • #148,844
  • Jul 21, 2009 10:50pm Jul 21, 2009 10:50pm
I have a small long at 1.6392 let see how this will play TP is 1.6440
  • #148,845
  • Jul 21, 2009 10:53pm Jul 21, 2009 10:53pm
Waiting for input from Lion of India..
Great Bodies are Engineered not Born
  • #148,846
  • Jul 21, 2009 10:57pm Jul 21, 2009 10:57pm
Quoting Pyramus
I have a small long at 1.6392 let see how this will play TP is 1.6440
what is your SL?, that is the most important thing...........
Forex Trading Advisors
  • #148,847
  • Jul 21, 2009 10:57pm Jul 21, 2009 10:57pm
Quoting Tataocb
I went short around 2 hours ago at 1.6457, I moved SL to 1.6456, I hate this slow moving price between Sydney and Tokyo. My TP is at 1.6380. I'll just watch and see what happens.
I moved my TP to 1.6391 (just a little bit higher than the previous low) and it got hit around an hour and a half ago. I guess now all I can do is wait until price decides to break either up or down.
On a journey to consistency.
  • #148,848
  • Jul 21, 2009 11:00pm Jul 21, 2009 11:00pm
Quoting RichLadyFX
Waiting for input from Lion of India..
just trade your plan , sister ...... it looks lion not use his own indi, he uses other's indi also..... i can see it in his graph......
  • #148,849
  • Jul 21, 2009 11:00pm Jul 21, 2009 11:00pm
Quoting F.T.A
what is your SL?, that is the most important thing...........
SL is at 1.6375
  • #148,850
  • Jul 21, 2009 11:02pm Jul 21, 2009 11:02pm
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
This long dressing might be shot lived ... I Think the plane is south bound imo
I like the Big Dogs because I trade like them
  • #148,851
  • Jul 21, 2009 11:04pm Jul 21, 2009 11:04pm
The GBPUSD failed to continue the bullish momentum yesterday, bottomed at 1.6382 and closed at 1.6449. On h4 chart below we have a rising wedge formation indicating potential bearish scenario especially if violated to the downside. However I prefer to stay away from the market. Immediate support is seen at 1.6382 (yesterday's low). Break below that area should trigger further downside pressure back towards 1.6200 area. Initial resistance at 1.6480 followed by 1.6550. CCI in neutral area on h4 chart.
  • #148,852
  • Jul 21, 2009 11:07pm Jul 21, 2009 11:07pm
Good morning folks
  • #148,853
  • Jul 21, 2009 11:07pm Jul 21, 2009 11:07pm
At this stage, placing trades before London open is simply throwing money away. 50/50 at best and no real movement anyway.

Save your money and wait for clear signs.

Just some friendly advice....
Ghost Rider - WWTBMD?
  • #148,854
  • Jul 21, 2009 11:10pm Jul 21, 2009 11:10pm
Quoting forexlion
Good morning folks
you're late bro.. haha.. anyway morning.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #148,855
  • Jul 21, 2009 11:10pm Jul 21, 2009 11:10pm
Quoting albchr
At this stage, placing trades before London open is simply throwing money away. 50/50 at best and no real movement anyway.

Save your money and wait for clear signs.

Just some friendly advice....

Totally Agreee with you Albchr
  • #148,856
  • Jul 21, 2009 11:10pm Jul 21, 2009 11:10pm
Quoting zykas
This long dressing might be shot lived ... I Think the plane is south bound imo
you think, I think, we think .....cmon give us a chart please...
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #148,857
  • Jul 21, 2009 11:14pm Jul 21, 2009 11:14pm
Quoting forexlion
Good morning folks
Morning albeit almost afternoon here.
Great Bodies are Engineered not Born
  • #148,858
  • Jul 21, 2009 11:15pm Jul 21, 2009 11:15pm
Quoting albchr
At this stage, placing trades before London open is simply throwing money away. 50/50 at best and no real movement anyway.

Save your money and wait for clear signs.

Just some friendly advice....
Should continue sleeping untill London then...
Great Bodies are Engineered not Born
  • #148,859
  • Jul 21, 2009 11:16pm Jul 21, 2009 11:16pm
Quoting forexlion
Good morning folks
Hi Lion. Many of us are waiting for your inputs today.
  • #148,860
  • Jul 21, 2009 11:19pm Jul 21, 2009 11:19pm
Jack and Jill say down

So my best expectations would be 1.6272

if this happens, the daily chart trend turns bearish and we could see longer tankings in days to come

overall 1 hour and 4 hour are bearish, the daily support comes just below 6383, so if 6383 is definitely taken out the daily support is as good as useless
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