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Cable Update (GBPUSD)

  • #152,641
  • Jul 30, 2009 1:18am Jul 30, 2009 1:18am
Guys I had 3 long from 63897. Close 2 at 64084 and move SL to BE + 10 on final contract.

Then open new contract now 64298 SL 64198 (so total risk for both open contracts = 0).

Any advice on targets? I am looking for 64680. Too high?
  • #152,642
  • Jul 30, 2009 1:19am Jul 30, 2009 1:19am
Thank You
  • #152,643
  • Jul 30, 2009 1:21am Jul 30, 2009 1:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
careful folks IMO, might be a trap...the moment you are long it will fall


to good to be true in current climate..
  • #152,644
  • Jul 30, 2009 1:22am Jul 30, 2009 1:22am
Quoting wormboy
Keep It Simple Stupid
  • #152,645
  • Jul 30, 2009 1:23am Jul 30, 2009 1:23am
Quoting Alastair
lol that's confusing. can't make out if you are in agreement with me that it's down bias or you're pointing up
Thank You
  • #152,646
  • Jul 30, 2009 1:24am Jul 30, 2009 1:24am
Quoting wormboy
Can i say tht i will bounce back down frm 1.6451? bcos thts the resistance based on the chart below?
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 21 KB
  • #152,647
  • Jul 30, 2009 1:26am Jul 30, 2009 1:26am
Quoting rastapips
Can i say tht i will bounce back down frm 1.6451? bcos thts the resistance based on the chart below?
I have a short PO at 6465 if it gets there
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #152,648
  • Jul 30, 2009 1:30am Jul 30, 2009 1:30am
any idea to open position??
  • #152,649
  • Jul 30, 2009 1:32am Jul 30, 2009 1:32am
Quoting wormboy
lol that's confusing. can't make out if you are in agreement with me that it's down bias or you're pointing up
LOL had myself confused there for a min!
i am agreeing with a down move.
Keep It Simple Stupid
  • #152,650
  • Jul 30, 2009 1:33am Jul 30, 2009 1:33am
Ok I close all longs happily and went 5 * short from 64373 SL 64473.

At 64200 will close 4 positions and move SL to BE+1 on remaining.
  • #152,651
  • Jul 30, 2009 1:34am Jul 30, 2009 1:34am
buy 1.6410-1.6420 sl: 1.6390
  • #152,652
  • Jul 30, 2009 1:35am Jul 30, 2009 1:35am
Quoting wormboy
Hey buddy...


...to you.......to cable...short 6433...Sl 6483
Ghost Rider - WWTBMD?
  • #152,653
  • Jul 30, 2009 1:36am Jul 30, 2009 1:36am
Had fun riding the elevator yesterday - Will take the ride down from 1.6455 with a tight SL of 1.64700 and a target of 1.6389 (UTL on 1 hour)
May the forex be with you |
  • #152,654
  • Jul 30, 2009 1:39am Jul 30, 2009 1:39am
Quoting rastapips
Can i say tht i will bounce back down frm 1.6451? bcos thts the resistance based on the chart below?
could be. I don't use fibs so I can't comment. The most I have on my chart for this thing going up is to 6500 level. Below this level my bias is down. Above this level up. I'll be selling rallies from this pullback unless of course, if it closes above 6500. Else, I'll be happy if we dive from here on, doesn't matter
Good luck.
Thank You
  • #152,655
  • Jul 30, 2009 1:40am Jul 30, 2009 1:40am
Quoting Alastair
LOL had myself confused there for a min!
i am agreeing with a down move.
lol okay brother
Thank You
  • #152,656
  • Jul 30, 2009 1:42am Jul 30, 2009 1:42am
Quoting albchr
Hey buddy...


...to you.......to cable...short 6433...Sl 6483

hey bro, good luck with the trade!
be back later
Thank You
  • #152,657
  • Jul 30, 2009 1:43am Jul 30, 2009 1:43am
Quoting wormboy
hey bro, good luck with the trade!
be back later
Ok bro..looking at the dragon today as well.
Ghost Rider - WWTBMD?
  • #152,658
  • Jul 30, 2009 1:46am Jul 30, 2009 1:46am
Long from 1.6440
TP 1.650
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 30 minute.gif Size: 21 KB
  • #152,659
  • Jul 30, 2009 1:51am Jul 30, 2009 1:51am
guys be carefull next month...this is ranging a bit to much...seems like resistance is tough and support...when she move she gonna break wind
  • #152,660
  • Jul 30, 2009 1:57am Jul 30, 2009 1:57am
Quoting samdani786
I have a short PO at 6465 if it gets there
short triggerd at 6465
The finest tool in the world still needs a MAN who KNOWS how to use it.
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