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Cable Update (GBPUSD)

  • #151,041
  • Jul 26, 2009 7:54pm Jul 26, 2009 7:54pm
Quoting mktjong
Looks like a choppy trade until London or NY session. It's directionless as I see it now
The dragon is asleep too.
  • #151,042
  • Jul 26, 2009 7:56pm Jul 26, 2009 7:56pm
Quoting malcolmb14
lunch time now in tokyo for another 45 min ....

always slow right now ... most of action occurs in Asia 4 pm to 7 pm pst

1.6400 test may be place to look for a little long although there does seem to be some buyers at high vol pivot 9 days back at 1.6418
I love to zoom down to the tick chart at times like these.... it shows me when I need to know about volume and speed of orders being processed into the market instead of just using my normal fibs, trendlines and PA. I see quite a few buy orders causing slight gaps/compression in price again as the market struggles to process them quickly... Buyers around, either new or re-entries "Sly" orders to push price higher for an offload near the highs.
Attached Image
  • #151,043
  • Jul 26, 2009 8:04pm Jul 26, 2009 8:04pm
There Ya go!

453.
  • #151,044
  • Jul 26, 2009 8:19pm Jul 26, 2009 8:19pm
Quoting alex1976
There Ya go!

453.
So sure?
  • #151,045
  • Jul 26, 2009 8:26pm Jul 26, 2009 8:26pm
Quoting alex1976
There Ya go!

453.
so after 453 what next?
  • #151,046
  • Jul 26, 2009 8:26pm Jul 26, 2009 8:26pm
kidding is a funny word

it can mean joking

but if kid means child then kidding can also mean making children ?
  • #151,047
  • Jul 26, 2009 8:30pm Jul 26, 2009 8:30pm
Quoting gebuzor
so after 453 what next?
Up or Down.
  • #151,048
  • Jul 26, 2009 8:31pm Jul 26, 2009 8:31pm
or:

Down or Up.
  • #151,049
  • Jul 26, 2009 8:35pm Jul 26, 2009 8:35pm
Quoting malcolmb14
tell you the truth asai has been one of my fav session to trade last few months. From about 4 pm to 8pm pst. US and London I have found to be very ' jumpy' whereas asia is like taking candy from a baby
Hi Malcolmb, i never trade during asian sessions, but im looking this pair since 1 week, and now i have the same point of view...also one question what kind of indicator do you use for volume.
Thanks
Trade with the momentum
  • #151,050
  • Jul 26, 2009 8:38pm Jul 26, 2009 8:38pm
Hey guys.

Does anyone here trade using ichimoku?
  • #151,051
  • Jul 26, 2009 8:39pm Jul 26, 2009 8:39pm
Quoting direct-trade
Up or Down.
  • #151,052
  • Jul 26, 2009 8:40pm Jul 26, 2009 8:40pm
Yeap we should be more sensitive about something that are really sensitive..
It's all about the big picture philosophy.
  • #151,053
  • Jul 26, 2009 8:42pm Jul 26, 2009 8:42pm
Quoting direct-trade
I love to zoom down to the tick chart at times like these.... it shows me when I need to know about volume and speed of orders being processed into the market instead of just using my normal fibs, trendlines and PA. I see quite a few buy orders causing slight gaps/compression in price again as the market struggles to process them quickly... Buyers around, either new or re-entries "Sly" orders to push price higher for an offload near the highs.
http://www.forexfactory.com/showpost.php?p=2904486&postcount=151028
http://www.forexfactory.com/showpost.php?p=2904502&postcount=151030


I love it when a plan comes together. Target Friday's High.

See you during London
  • #151,054
  • Jul 26, 2009 8:45pm Jul 26, 2009 8:45pm
okie dokie 1.6460

now the deal is this

 

  1. we are in a tight trading range, there is no doubt about this so forget big targets
  2. if 1.6460 breaks and we trade above 1.6475 then 1.6542 again
  3. on the down side if 1.6383 breaks, then it breaks the range somewhat for a retest of 1.60 area.
  4. otherwise we still continue to slog on 5 min charts

Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
  • #151,055
  • Jul 26, 2009 8:49pm Jul 26, 2009 8:49pm
Quoting MoForce
whoa, my outlook just changed. I think G/U is headed for 1.7 in the long run before falling.

TPs (long run) 1.6980, 1.7450, 1.7585
Oh, before I go, that's $5 you owe me...and everyone else here that you bet
  • #151,056
  • Jul 26, 2009 8:51pm Jul 26, 2009 8:51pm
Quoting direct-trade
Oh, before I go, that's $5 you owe me...and everyone else here that you bet
lol, too bad I don't bet

and besides, the day is still young
  • #151,057
  • Jul 26, 2009 8:51pm Jul 26, 2009 8:51pm
Quoting MoForce
$5 says G/U goes back below 1.64 =P
You do...
  • #151,058
  • Jul 26, 2009 8:53pm Jul 26, 2009 8:53pm

  1. Never hunt big targets, always look for something which is immediately possible
  2. Hunting big targets is building castles in the air.

  • #151,059
  • Jul 26, 2009 8:55pm Jul 26, 2009 8:55pm
were at a key resistence level, lets see what the hourly close and the 15min bring us?
  • #151,060
  • Jul 26, 2009 8:57pm Jul 26, 2009 8:57pm
See you at 16566.

Happy trades.
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