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Cable Update (GBPUSD)

  • #150,081
  • Jul 23, 2009 8:48am Jul 23, 2009 8:48am
Quoting albchr
Man I really thought about reversing when my target was hit.

What is it I always said?

Those who think about it seldom do.
Those who do it seldom think.
Those that neither, just seldom.
Same here mate...
I targeted 6460 from 6500..
  • #150,082
  • Jul 23, 2009 8:49am Jul 23, 2009 8:49am
Quoting albchr
6460 target hit...I'm out
yes 6455 is resistance strong for me so I am long @ 6460 moved sl at BE

goodluck
  • #150,083
  • Jul 23, 2009 8:50am Jul 23, 2009 8:50am
Quoting 2be
This is similar to my assesment of the cable, a significant Low at the end of July preferably somwhere around the 1.58 zone, a bit lower that your trendline, it might be a pinbar to the downside, though later on today there might be a pulback. So far 1.6556 zone has been well defended, giving me more confidence to short this pair to the region you have marked as 4. In the abscence of multiday trends one has to take what the market offers, typical summer PA. Come September, there shall be a wider spread and I shall be able to return to the position...
Cheers buddy. THE markets are alive!!!
--------------------
Notes on EJ trade.

IT's a 4hour inside bar.

TP first target already hit at 13477. You could trail on 5minute thrust bars until you get stopped out or aim for 13700.

Next tp for me is 13500.

If you missed entry you could try a rbs on 13450. This might just be a stop hunt.

Finally you could take a break of 13480 to 135.
  • #150,084
  • Jul 23, 2009 8:51am Jul 23, 2009 8:51am
Quoting Angelina
yes 6455 is resistance strong for me so I am long @ 6460 moved sl at BE

goodluck

out now for 35 pips. done for this week

190 pips(standard lot always ) for this week not bad.

Goodluck all


Angel.
  • #150,085
  • Jul 23, 2009 8:52am Jul 23, 2009 8:52am
Quoting Angelina
yes 6455 is resistance strong for me so I am long @ 6460 moved sl at BE

goodluck

That was sell for me from 6505 this morning. Just a small one though. I was going to reverse and go large at 6455....but.....
Ghost Rider - WWTBMD?
  • #150,086
  • Jul 23, 2009 8:54am Jul 23, 2009 8:54am
Quoting grashid
put ur sell limit @ 1.6500/10 if u want
I'm already in the trade, I wanted to know if i shd still hang on or get out since it has reversed a lot!
  • #150,087
  • Jul 23, 2009 8:54am Jul 23, 2009 8:54am
Anyone see cable longs if this intraday downtrend breaks?

It's a nice V shape reversal + during enws time.
  • #150,088
  • Jul 23, 2009 8:55am Jul 23, 2009 8:55am
I wish I was good at scalping. Could have been a killer 9 hours here. I"ve been waiting for signs of a REAL move. About to give it up for the day....
Ghost Rider - WWTBMD?
  • #150,089
  • Jul 23, 2009 8:57am Jul 23, 2009 8:57am
Quoting gebuzor
I'm already in the trade, I wanted to know if i shd still hang on or get out since it has reversed a lot!
i have no idea yet..let see another 4 min...my sell limit at that area....
  • #150,090
  • Jul 23, 2009 8:57am Jul 23, 2009 8:57am
Indices rocketing.
  • #150,091
  • Jul 23, 2009 8:59am Jul 23, 2009 8:59am
Quoting KillPhil08
Indices rocketing.
pros will sell at higher price...becarefull
  • #150,092
  • Jul 23, 2009 9:00am Jul 23, 2009 9:00am
Quoting grashid
put ur sell limit @ 1.6500/10 if u want
GJ and EJ are following UJ as well but facing resistance right here.
  • #150,093
  • Jul 23, 2009 9:05am Jul 23, 2009 9:05am
Quoting RichLadyFX
Gj is inching Upward..
Yup, it's close to solid resistance and its daily range. .. hmm ..
I just doing scalp this morning on Cable ..got a few pips .. it's a bit tough today .. ranging likely again in US session.
  • #150,094
  • Jul 23, 2009 9:06am Jul 23, 2009 9:06am
Bull flag pattern:

http://images.google.co.uk/images?hl...-8&sa=N&tab=wi

V Shape Reversal:

http://images.google.co.uk/images?hl...-8&sa=N&tab=wi

Apart from the 4hour pin bar is anyone bullish?

Also 1hour pinbar.
  • #150,095
  • Jul 23, 2009 9:06am Jul 23, 2009 9:06am
Quoting albchr
6460 target hit...I'm out
Spot on! Excellent target calculation!
While my short just retraced and got closed out @ BE (1.6500).
  • #150,096
  • Jul 23, 2009 9:08am Jul 23, 2009 9:08am
Strongly bullish !!!
  • #150,097
  • Jul 23, 2009 9:08am Jul 23, 2009 9:08am
Quoting KillPhil08
Bull flag pattern:

http://images.google.co.uk/images?hl...-8&sa=N&tab=wi

V Shape Reversal:

http://images.google.co.uk/images?hl...-8&sa=N&tab=wi

Apart from the 4hour pin bar is anyone bullish?
I'm bullish at the moment, but don't see any setup I like.
Or maybe you asked for bullish pins or patterns?
  • #150,098
  • Jul 23, 2009 9:11am Jul 23, 2009 9:11am
long @ 1.6490 .....yezaaaaa gerekkkk
  • #150,099
  • Jul 23, 2009 9:12am Jul 23, 2009 9:12am
Quoting Pham
Strongly bullish !!!
yes..
  • #150,100
  • Jul 23, 2009 9:13am Jul 23, 2009 9:13am
...seem wanna close this sell limit ~ 1.6510...mm...
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